July 7, 20213 yr OK so, where will they put them? Remote employee until they can build a new skyscraper downtown?? 😜 "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
July 7, 20213 yr Does anyone know how their downtown outpost has been going? I know it was announced soon before the pandemic started. Wondering if it's still even in existence.
July 8, 20213 yr 5 hours ago, KJP said: OK so, where will they put them? Remote employee until they can build a new skyscraper downtown?? 😜 Moving to Atlanta?
July 8, 20213 yr This seems like a cryptic comment....Is something brewing that most of us are completely unaware?!?!
July 8, 20213 yr I'm pretty sure he's just making a joke, reminiscent of the SHW HQ site location non-drama. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
July 8, 20213 yr Hi KJP......I was actually referring to your comment. Do have some inside information about Progressive that you were hinting? Sorry about the confusion....your posts are always must reads for me!! Your above comment seemed to have a hint of mystery.
July 8, 20213 yr 10 hours ago, Cleveland Rising said: Hi KJP......I was actually referring to your comment. Do have some inside information about Progressive that you were hinting? Sorry about the confusion....your posts are always must reads for me!! Your above comment seemed to have a hint of mystery. Oh, no I wasn't dropping a hint there. It was, in fact, a joke. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
July 8, 20213 yr 19 hours ago, KJP said: OK so, where will they put them? Remote employee until they can build a new skyscraper downtown?? 😜 It looks like 3,000 will be remote. Is that 1:1 the same as work from home?
July 8, 20213 yr SMH. 3,000 could put another 500-footer in downtown Cleveland. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
July 8, 20213 yr Looking at the list of positions, seems more like 500 that would be at or near HQ (legal, tech, data, HR), but maybe I'm wrong about the adjusters. And 500 is still not bad!
July 9, 20213 yr On 7/7/2021 at 7:09 PM, PoshSteve said: Does anyone know how their downtown outpost has been going? I know it was announced soon before the pandemic started. Wondering if it's still even in existence. Employee here, it's still there chugging along. I assume they're working remote atm. I'm not aware of any plans for any sort of substantial expansion there though. 18 hours ago, KJP said: SMH. 3,000 could put another 500-footer in downtown Cleveland. God I wish.
July 13, 20213 yr "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
July 16, 20213 yr BLS data shows the Cleveland labor force at its highest post-pandemic number. There was an increase in unemployment, which I have to think comes more from people reentering the labor force than anything else. https://www.bls.gov/eag/eag.oh_cleveland_msa.htm
July 16, 20213 yr On 7/4/2021 at 5:28 PM, KJP said: I posted multiple tweets/quotes to that, including "Only Cleveland can afford to live rent-free in NYC's head" and "And yet it took $341 million for New York to convince a Clevelander to live and work there." If you saw my responses you likely didn't approve. :)
July 16, 20213 yr On 7/7/2021 at 10:59 PM, KJP said: I'm pretty sure he's just making a joke, reminiscent of the SHW HQ site location non-drama. Specifically the "relocation specialist" who was publicly urging them to do so.
July 16, 20213 yr On 7/7/2021 at 11:21 PM, Cleveland Rising said: Hi KJP......I was actually referring to your comment. Do have some inside information about Progressive that you were hinting? Sorry about the confusion....your posts are always must reads for me!! Your above comment seemed to have a hint of mystery. That ship sailed years ago. The city assumed Progressive needed them more than vice versa, and botched it. Not too long ago, we were discussing this on Twitter and Michael DeAloia, who would know, confirmed what I had heard from insiders: that the main stumbling point was integral parking in the building.
July 27, 20213 yr https://www.linkedin.com/pulse/top-companies-2021-city-edition-linkedin-news/?trackingId=3mL2hdHGRxGVlBP0kdZVaA%3D%3D https://www.linkedin.com/news/story/the-top-companies-in-10-us-cities-5099228/ Cleveland incuded with a lot of bigger cities is nice to see.
July 30, 20213 yr Not what I wanted to read today on Cle.com https://www.cleveland.com/news/2021/07/why-do-rust-belt-rivals-cleveland-and-pittsburgh-have-diverging-economies.html “Pittsburgh’s regional economy has grown much faster than Cleveland’s over the past two decades leading people to wonder: What did Pittsburgh get right and what did Cleveland get wrong?”
July 30, 20213 yr Posted in reply on Twitter, Cleveland outpaced Pittsburgh by almost 10k in “Eds/meds” and “Professional/Business” from 2011-2019. This data includes the job crushing recessions of 2000 and 2008. Job growth here last ten years was superior, albeit marginally.
July 30, 20213 yr 31 minutes ago, bwheats said: Posted in reply on Twitter, Cleveland outpaced Pittsburgh by almost 10k in “Eds/meds” and “Professional/Business” from 2011-2019. This data includes the job crushing recessions of 2000 and 2008. Job growth here last ten years was superior, albeit marginally. A headline like that wouldn’t get cle.com their click quota.
July 30, 20213 yr 2 hours ago, Sapper Daddy said: A headline like that wouldn’t get cle.com their click quota. The sad thing is they have done this cleveland Pittsburgh comparison many times before so it is nothing new.
July 31, 20213 yr Author The title was definitely meant to draw clicks. They could have literally chosen pretty much every other large Midwest metro and we still would have lagged in overall numbers. What they wouldn’t get into detail about is that in the last ten years Cleveland went through what other Midwest metros had already gone through. It wasn’t until after the 2006-2008 recession that Ed’s and meds finally overtook manufacturing as the largest economic sector locally. Let that sink in. The region is on track for growth in the coming decade. 2010-2020 was the last decade of Cleveland’s decline and stagnation
July 31, 20213 yr I thought the cle.com article was a fair and balanced reporting of a thoughtful, well researched report by the Cleveland State faculty member, Richey Piiparinen. This is exactly the type of reporting that the UO community strives to discover with its both positive and negative news presented therein. Economic statistics are certainly a tricky business, but the overall GDP growth numbers presented for both cities seem pretty sound. Maybe we are a bit overly critical? D.O
July 31, 20213 yr 5 hours ago, DO_Summers said: Maybe we are a bit overly critical? D.O Only because we've been hearing the same story for the past 30 years - with little to no recognition that the years 2015-2019 were spectacularly positive in just about every measure except total population. Remember: It's the Year of the Snake
July 31, 20213 yr To be fair, the article did touch upon some of the points that the last few posters commented on, i.e., similar rates of job growth in both cities over the last decade. Yet, GDP growth for Pittsburgh is much higher due to the proximity to fracking industry. See for example, two few screen shots from the cle.com article below. All in all, I felt that i learned valuable information from the article. Didn't seem like a hack job, but i no longer live in Ohio, so maybe I don't carry the same sensitivities to how news is presented locally. Anyway, all good.
August 4, 20213 yr This is cool: "NEW YORK, August 3, 2021 (Newswire.com) - Product Collective, a fast-growing digital media company headquartered in Cleveland, Ohio, announced today the acquisition of the New York Product Conference (NYPC). Attracting hundreds of attendees each year, the NYPC is held at The Times Center in Manhattan. This year, the in-person event takes place on Nov. 11, making its return after a COVID-forced hiatus in 2020 (a successful virtual event was held in its place attracting over a thousand attendees). The NYPC has played an important role in serving the New York Product Management community for the past several years — drawing attendees from companies like American Express, Instagram, Warby Parker, Mailchimp, and others....." https://www.newswire.com/news/leading-product-management-media-and-events-company-acquires-the-new-21462394#ixzz72WPp30t5
August 17, 20213 yr https://www.kpvi.com/news/national_news/stanley-black-decker-to-acquire-remaining-80-percent-stake-in-mtd-holdings-for-1-6/article_9c76794f-9af7-52b6-998f-538bac71ae16.html mtd Has been sold the black and decker
August 21, 20213 yr https://www.bls.gov/regions/midwest/oh_cleveland_msa.htm BLS data out. Looks pretty positive. Highest employment since the start of the pandemic. Not a full recovery yet; the employment and unemployment are basically where they were in 2014.
August 21, 20213 yr Best of all, glad to see construction up 10 percent -- a leading economic indicator rather than a trailing indicator. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
August 21, 20213 yr How closely do companies follow census data? Might seeing that the Cleveland MSA is officially growing again lead to further investment down the line that otherwise might not have come our way?
August 21, 20213 yr 2 minutes ago, PoshSteve said: How closely do companies follow census data? Might seeing that the Cleveland MSA is officially growing again lead to further investment down the line that otherwise might not have come our way? Perhaps but at the same time we had the slowest growth rate of any metro over a million people (even Pittsburgh ended up doing better) so I don’t think that the census helped all too much. Hope I’m wrong.
August 22, 20213 yr Everything seems to suggest that Cleveland was growing pre-pandemic. Based on seasonally adjusted stats, the labor force in February 2020 was the highest since 2010. It all seemed to turn around in 2016. And look at that growth in 2019-Early 2020. Seasonally adjusted data:
August 24, 20213 yr Cleveland Kitchen growling quickly. Listed at No. 341 on inc.com’s list of 5,000 fastest-growing private companies. Cleveland Kitchen grows into huge national brand, lands on Inc. 5000 list https://www.cleveland.com/entertainment/2021/08/cleveland-kitchen-grows-into-huge-national-brand-lands-on-inc-5000-list.html
August 24, 20213 yr 4 hours ago, Pugu said: Cleveland Kitchen growling quickly. Listed at No. 341 on inc.com’s list of 5,000 fastest-growing private companies. Cleveland Kitchen grows into huge national brand, lands on Inc. 5000 list https://www.cleveland.com/entertainment/2021/08/cleveland-kitchen-grows-into-huge-national-brand-lands-on-inc-5000-list.html That’s the Cleveland Kraut guys. It’s a great product. They rebranded to expand their offering - now includes kimchi. Good stuff! When is the last time I-71 turned a profit?
August 24, 20213 yr 2 hours ago, Boomerang_Brian said: That’s the Cleveland Kraut guys. It’s a great product. They rebranded to expand their offering - now includes kimchi. Good stuff! I'm told we shouldn't expect it to stop there. These fellas are ambitious.
August 24, 20213 yr 8 hours ago, Pugu said: Cleveland Kitchen growling quickly. Listed at No. 341 on inc.com’s list of 5,000 fastest-growing private companies. Cleveland Kitchen grows into huge national brand, lands on Inc. 5000 list https://www.cleveland.com/entertainment/2021/08/cleveland-kitchen-grows-into-huge-national-brand-lands-on-inc-5000-list.html 4 hours ago, Boomerang_Brian said: That’s the Cleveland Kraut guys. It’s a great product. They rebranded to expand their offering - now includes kimchi. Good stuff! 1 hour ago, YABO713 said: I'm told we shouldn't expect it to stop there. These fellas are ambitious. For those who are interested, Mac from Cleveland Kitchen was on The Lay of the Land podcast a few months back. (Episode 20 if you aren’t using Apple’s sucky podcast app.) By the way - that’s a GREAT podcast if you are curious about the local entrepreneur scene. https://podcasts.apple.com/us/podcast/lay-of-the-land/id1539921799?i=1000518160810 When is the last time I-71 turned a profit?
August 25, 20213 yr New CEO at Lubrizol - Berkshire Hathaway doesn't normally mess around with their subsidiaries unless they are unhappy. I guess they're unhappy. https://www.bizjournals.com/cleveland/news/2021/08/23/berkshire-hathaway-energy-exec-taking-lead-in-neo.html?ana=e_cle_bn_editorschoice_editorschoice&j=90568580&t=Breaking News&mkt_tok=NjczLVVXWS0yMjkAAAF_F8DzvpZeVNe5wAK3UBTuziW9mP7f1SUqATPFVQ45ThqZMxYHUobLxgXHFj8cmAi4Bayx4uHqqmLJqFczSlARxCbpZjk7cDzs0eu8ZVv9OZnwCawJ Remember: It's the Year of the Snake
August 25, 20213 yr Will this have an impact on the HQ? Could it possibly have an impact on space needed? https://www.coatingsworld.com/contents/view_breaking-news/2021-08-20/sika-to-divest-european-industrial-coatings-business-to-sherwin-williams/
August 25, 20213 yr 17 minutes ago, cfdwarrior said: Will this have an impact on the HQ? Could it possibly have an impact on space needed? https://www.coatingsworld.com/contents/view_breaking-news/2021-08-20/sika-to-divest-european-industrial-coatings-business-to-sherwin-williams/ It seems to be a pretty small acquisition for a company as large as SHW. I looked around and saw that manufacturing companies which earned about $70 million in annual revenue tended to have about 400 to 500 employees. Among coatings companies, only about 5 percent of its total workforce was in the HQ, which was also the case for SHW. So we're probably only talking about 20-25 additional HQ employees. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
August 28, 20213 yr On 8/24/2021 at 8:56 AM, Pugu said: Cleveland Kitchen growling quickly. Listed at No. 341 on inc.com’s list of 5,000 fastest-growing private companies. Cleveland Kitchen grows into huge national brand, lands on Inc. 5000 list https://www.cleveland.com/entertainment/2021/08/cleveland-kitchen-grows-into-huge-national-brand-lands-on-inc-5000-list.html They sell some of their products at Whole Foods here in NYC.- that's pretty major. I've only had their salad dressings, some of which are vegan/plant-based - it's a great product and now my go to.
August 28, 20213 yr SATURDAY, AUGUST 28, 2021 Seeds & Sprouts XIX -- Cleveland apartment demand soars, downtown expansions & more + CoStar report: Cleveland apartment demand set to break records + Clearstead to expand downtown Cleveland office presence 40 percent + Ohio City grows southwest with Harbor 44 phase 2, The Clermont + Retail spaces in two new Cleveland buildings gain tenants + Animal emergency hospital to relocate from Brook Park to Cleveland https://neo-trans.blogspot.com/2021/08/seeds-sprouts-xix-cleveland-apartment.html "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
September 14, 20213 yr "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
September 14, 20213 yr Cleveland Hopkins just posted July traffic numbers that are down a mere 12% from July of 2019. That's pretty impressive considering all the doom-and-gloom travel business stories. Edit: I posted this here instead of the airport thread because I think it's generally indicative of a reviving economy. https://www.clevelandairport.com/about-us/facts-figures Remember: It's the Year of the Snake
September 14, 20213 yr That doesn't necessarily mean that the economy is fully revived. July is one of the peak leisure travel months. Business travel is still down significantly industry-wide and many airlines have revised their projections downwards into 2022. I couldn't find it on the Cleveland airport website, but I would be willing to bet that budget and leisure focused airlines like Frontier, Spirit, and Southwest had almost normal numbers while the legacy airlines of Delta, American, and United were still well below their 2019 peaks.
September 16, 20213 yr On 9/14/2021 at 2:25 PM, OliverHazardPerry said: That doesn't necessarily mean that the economy is fully revived. July is one of the peak leisure travel months. Business travel is still down significantly industry-wide and many airlines have revised their projections downwards into 2022. I couldn't find it on the Cleveland airport website, but I would be willing to bet that budget and leisure focused airlines like Frontier, Spirit, and Southwest had almost normal numbers while the legacy airlines of Delta, American, and United were still well below their 2019 peaks. No, but it's an indicator that area disposable income is up. The fact the major airlines are laggards means traffic to New York and Chicago remains depressed - which is New York and Chicago's problem. Cleveland traffic is almost back to normal levels which means the airport is cash-positive and paying down its debt (thanks to the passenger facility charges which are the same for any destination). Edited to add: I did some number crunching to confirm my July, 2021 vs July, 2019 assessment. While CLE is down 12% from pre-pandemic 2019, Chicago(ORD) is down 20% and New York(LGA) is down 54%. For further comparison, peer market PIT is down 22%. Edited September 17, 20213 yr by Dougal Remember: It's the Year of the Snake
September 21, 20213 yr "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
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