In the coming weeks, major improvements will be made to the Port of Cleveland’s largest warehouse, a terminal warehouse that’s so large it equals the size of two ships. Plans for those improvements were submitted yesterday to the city in an application for a building permit to get started on the work as soon as possible.
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Cleveland’s international water port took a significant stride this week toward the future as its board approved the allocation of $32.1 million in federal and state grants to help rehabilitate and modernize a key warehouse and upgrade electrical infrastructure at its General Cargo Terminal. This strategic move will ensure ongoing efficiency of port facilities and prepare the port for upcoming electrification efforts.
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Another leading indicator of potential population growth in Greater Cleveland was published this week by Bank of America (BofA), one of the nation’s Big Four banking institutions, serving more than 10 percent of all bank deposits of the United States. In a BofA June report, it put Greater Cleveland among the top metro areas benefitting from pandemic-instigated domestic migration trends, with its positive inflow-over-outflow rate ranking up there with the likes of Austin, Tampa, Orlando and Dallas.
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One of North America’s next big migrations may already be underway. And according to early data, it appears that Cleveland and other Great Lakes cities are among those benefitting from it. What’s driving this new migration? The basics — low cost, proximity to family, abundant fresh water and peace of mind from not worrying about your neighborhood catching on fire or washing out to sea.
Read MoreCleveland benefits from national migration shift Read More »
More than 1,000 jobs and hundreds of millions of dollars of investment are due from more big warehousing projects blooming on Cleveland’s East Side — along the Opportunity Corridor and in Slavic Village.
Read MoreBOOMING! More big East Side warehouses coming Read More »
