NEOtrans business, development, real estate, construction and market trend news from the Greater Cleveland area
Joined by Cleveland airport officials, Frontier Airlines today announced that it will be starting nonstop flights to Montego Bay, Jamaica in March with an introductory low fare. The new, direct flight is the first new international flight from Cleveland Hopkins International Airport resulting from its new crew base there. But it may not be the last.
Read MoreMore international flights arriving Cleveland Read More »
In the spirit of Oscar Wilde, one could say that a year’s worth of economic output data might be considered a curiosity. But multiple years may be considered a trend. Last year, the growth of Cuyahoga County’s gross domestic product (GDP) ranked 10th among Ohio’s 88 counties and was the best performer among Ohio’s most populous, urbanized counties. according to new data released last week by the U.S. Bureau of Economic Analysis.
Read MoreCuyahoga County’s economy surges Read More »
This week, Cuyahoga County has launched the first microgrid electrical utility in the United States. Cuyahoga Green Energy (CGE) has contracted with Compass Energy Platform to serve as the operator for the county-run utility.
Read MoreCuyahoga County OK’s first microgrid utility in USA Read More »
For the non-profit organization Birthing Beautiful Communities (BBC), their mission is often noted in news stories detailing Cuyahoga County’s infant mortality crisis. Sadly, the county has had one of worst infant mortality rates in the country and is a symptom of much larger problems including poverty, poor nutrition, inadequate housing and unaffordable health care. Much of the need is in Cleveland’s inner city and especially on the East Side. So, to meet the need, BBC is seeking to construct Northeast Ohio’s first free-standing birthing center in Cleveland’s Hough neighborhood, on the north side of Chester Avenue, between East 63rd and 65th streets.
Read MoreBirthing Beautiful Communities to rise on Chester Read More »
A newly independent corporation with 13,600 employees company-wide in more than 20 manufacturing facilities and offices is relocating its headquarters to Greater Cleveland — specifically, Beachwood. While a 26-year-old, three-story office building at 3300 Enterprise Parkway will be its new corporate headquarters, MasterBrand’s operations center will remain in Jasper, Indiana along with a production facility and training center.
Read MoreCabinet-maker MasterBrand to move HQ to Beachwood Read More »
U.S. Senator Sherrod Brown announced today that the U.S. Department of Transportation’s Federal Railroad Administration (FRA) has selected four key routes in Ohio as priorities for Amtrak expansion and directed $500,000 to draw up construction-ready plans for each. Once those plans are finalized, then those routes would be eligible to apply for federal construction funding.
Read MoreAmtrak expansions to Cleveland win funding Read More »
Within the next few years, Sherwin-Williams reportedly intends to relocate most, if not all of Valspar’s headquarters and research jobs, or up to 700 employees, from Minneapolis to Greater Cleveland, according to a highly placed source. Global coatings giant Sherwin-Williams acquired its former rival in 2017 for $11 billion, setting off a remarkable growth trajectory for both companies. That is resulting in the construction of a Downtown Cleveland office skyscraper, the gobbling up of more existing office space downtown, a new suburban research center and the start of planning for significant additional downtown office space.
Read MoreSherwin-Williams to move Valspar to Greater Cleveland Read More »
Fast-growing Park Place Technologies, with nearly 500 employees in Greater Cleveland, has found a new, larger home after an extensive search that included expanding into a neighboring building or moving to downtown Cleveland. In fact, the property ultimately favored by the global data center and networking optimization firm matched the company’s requirements almost exactly. However, a title has yet to transfer to Park Place Technologies or any affiliates.
Read MorePark Place Tech to buy Progressive’s Alpha campus Read More »
Global imaging giant Canon Inc. and the locally based yet global Cleveland Clinic Foundation today announced their intentions to form a strategic research partnership to develop imaging and healthcare information technologies to improve patient diagnosis, care and outcomes. The announcement, initiated by Canon, publicly reveals the first tangible development in nearly a year since the company said it had created a U.S. healthcare subsidiary Canon Healthcare USA Inc. and would locate its headquarters in Greater Cleveland.
Read MoreCanon, Cleveland Clinic form partnership Read More »
Several things have long slowed Cleveland’s post-industrial transition to embrace new economic drivers. One of the biggest is the lack of large, clean properties near existing labor. The city recently announced a $50 million land assembly program that could be boosted to $100 million with other funding. While some of that funding could come from the private sector, another source may well come from a new round of state funding to aid redevelopment, announced today.
Read MoreNext round of Brownfield grants starts Dec. 5 Read More »
