Economic trends

Trending News in Northeast Ohio jobs, economy, labor, immigration, and population

Downtown adds new retail tenants

There is a recent surge of retailers opening in Downtown Cleveland due in part to a growing traffic base coming from several sectors. One is the continued strong residential population growth. Another is the increasing number of return-to-office requirements by employers. And the last is the growing number of year-round entertainment options downtown, based on the hours of operation of the new retailers.

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CSU abruptly ends U-Pass deal with GCRTA

Cleveland State University (CSU) notified its students this morning by e-mail that it will immediately discontinue its participation in the Greater Cleveland Regional Transit Authority’s (GCRTA or RTA) U-Pass program. This program provided to CSU students vastly discounted monthly GCRTA passes which they could use for other transportation — to work, medical appointments, grocery shopping and more.

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Lorain County Airport may help close Burke

While NEOtrans usually doesn’t cover development news in the collar counties around Cuyahoga County, the funded expansion of Lorain County Regional Airport could have a significant impact on the urban core of Greater Cleveland. Specifically, it could provide a runway for the Federal Aviation Administration (FAA) to allow the closure of Burke Lakefront Airport in Downtown Cleveland.

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Ohio City townhomes may be stalled into 2026

Eleven townhomes in various states of construction progress have been sitting idle since last fall and are becoming a worry to neighbors, based on social media posts and inquiries to NEOtrans. But based on court filings, further construction progress on the Equinox Townhomes, 1420 W. 48th St., in Cleveland’s Ohio City neighborhood may not happen for months.

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Cleveland offers lakefront stadium site to developers

Huntington Bank Field may not be located on Downtown Cleveland’s lakefront for much longer after a new, enclosed stadium is built in suburban Brook Park. If so, what should replace it? And who should do it? The answer to those questions will be the result of a request for qualifications (RFQ) issued by the city and its partners today.

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Cleveland developments to benefit from HB96

When sifting through the many development incentives in the state’s newly passed two-year budget, it becomes clear that a lot of Cleveland urban core projects are going to be eligible for them and potentially benefit from them. But, as we saw from a state program to aid megaprojects, a program will only benefit a region if there are projects and their sponsors in that region who will apply for them.

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