Without being at the table, I think that this is an Editorial decision. What is different about this article than others posted?  Is it that you do not like it?  If this article was about 76 hires, would you feel differently?  

 

20 minutes ago, Dougal said:

Not sure why cleveland.com is making such a big deal (i.e. leaving the article up for DAYS) about 76 people being laid off at Progressive.  Couldn't these folks be reassigned - almost immediately - within the company just relying on normal turnover?

 

https://www.cleveland.com/news/2021/11/progressive-will-layoff-76-employees-in-mayfield-according-to-state-filing.html

 

2 minutes ago, MyTwoSense said:

Without being at the table, I think that this is an Editorial decision. What is different about this article than others posted?  Is it that you do not like it?  If this article was about 76 hires, would you feel differently?  

 

 

I have no problem with the initial posting on Monday; but still shows up on their splash page. Why wallow in bad news?

Just now, Dougal said:

I have no problem with the initial posting on Monday; but still shows up on their splash page. Why wallow in bad news?

 

You didn't answer all my questions.  I don't think this has to do with "Cleveland general business" the forum it is currently posted in. Based on you answering only one of my questions, this is more about the management of "Local Media News & Discussion".  Is it being handled differently than a general news article or if it was a article posted about new jobs? 

 

You have the right to feel any way you want, as I am just trying to understand your position.

2 hours ago, MyTwoSense said:

 

You didn't answer all my questions.  I don't think this has to do with "Cleveland general business" the forum it is currently posted in. Based on you answering only one of my questions, this is more about the management of "Local Media News & Discussion".  Is it being handled differently than a general news article or if it was a article posted about new jobs? 

 

You have the right to feel any way you want, as I am just trying to understand your position.

 

Pointlessly wallowing in negative news, while it may sell papers, is bad for business confidence and a drag on development, something Cleveland cannot afford.   It could have gone in the other topic, as you suggest; but that would change what I had hoped to emphasize.

On 11/4/2021 at 12:22 PM, Dougal said:

Not sure why cleveland.com is making such a big deal (i.e. leaving the article up for DAYS) about 76 people being laid off at Progressive.  Couldn't these folks be reassigned - almost immediately - within the company just relying on normal turnover?

 

https://www.cleveland.com/news/2021/11/progressive-will-layoff-76-employees-in-mayfield-according-to-state-filing.html

In addition, what they also could have mentioned is that this is a very small, specific segment at Progressive, outside of that, they are still on a hiring spree.

https://www.crainscleveland.com/health-care/jobsohio-details-spending-commitments-cleveland-innovation-district

 

Cleveland Clinic is going to be getting $45,000,000 in exchange for creating 8,500 jobs. At $5300 per job that seems like a pretty good deal for JobsOhio.

Spotify buys Solon-based audiobook company Findaway

 

Spotify is getting in the audiobook industry and is buying a Solon company to help it do so.

Spotify announced Thursday that its buying Findaway, an audio-technology company that Spotify calls a “leader” in the audiobook distribution. Findaway was founded in 2005, and is headquartered in Solon.

 

https://www.cleveland.com/business/2021/11/spotify-buys-solon-based-audiobook-company-findaway.html

On 10/26/2021 at 6:36 PM, Mov2Ohio said:

With coastal ports backed up, can Cleveland’s help fill the gap?

 

CLEVELAND, OHIO — With a logjam of ships holding up goods on the country’s coasts, part of the solution to the region’s

could be sitting right on Cleveland’s waterfront.

The Port of Cleveland has been importing shipping containers since 2014, but only uses about 6% of its capacity while container ships on the West and East coasts sit in days-long lines to be unloaded.

 

https://www.cleveland.com/business/2021/10/with-coastal-ports-backed-up-can-clevelands-help-fill-the-gap.html

 

What percentage of those ships are below SeawayMax?

Crain's published a list of the largest private businesses in NEO in the November 8th number.  Of the 32 listed, 17 would have qualified for the Fortune 1000 list with sales in excess of $1.9 billion. Of the 17, 10 were in Cuyahoga County.

Anyone following the impressive growth of Strongsville based Union Home Mortgage? They are getting involved in naming rights activities downtown, such as at the Rock and Roll Hall of Fame. There's also a rumor that they may take over from Progressive as the baseball stadium sponsor. There's another rumor that their owner Bill Cosgrove may become a minority owner of the Guardians. Wishful thinking on my part, but a growing company in size, wealth and visibility should have a more visible HQ, such as in downtown Cleveland!

2 hours ago, KJP said:

Anyone following the impressive growth of Strongsville based Union Home Mortgage? They are getting involved in naming rights activities downtown, such as at the Rock and Roll Hall of Fame. There's also a rumor that they may take over from Progressive as the baseball stadium sponsor. There's another rumor that their owner Bill Cosgrove may become a minority owner of the Guardians. Wishful thinking on my part, but a growing company in size, wealth and visibility should have a more visible HQ, such as in downtown Cleveland!

 

Union Home Mortgage ranks 30th in the Crain's list cited two posts above. 2020 revenues $507 million - up a very nice 161% from the prior year. 

Union Field would be a nice name. I'd even be ok with Union Home Mortgage Field if they include a new HQ skyscraper across the street.

Union Home Mortgage Field next to Rocket Mortgage Fieldhouse.  Hmmm.

2 hours ago, Dougal said:

 

Union Home Mortgage ranks 30th in the Crain's list cited two posts above. 2020 revenues $507 million - up a very nice 161% from the prior year. 

It was a banner year for all mortgage/loan companies due to low interest rates and refinancing. Cross country mortgage was up 251%, quicken loans/rocket mortgage had record profits. The telling thing will be to see how these companies due this year and the few following years.

 

In their press releases FTF now call themselves co-headquartered in Cleveland and New York. On their site they list 9 job openings in Cleveland, 1 remote, and 1 in New York.

This story could fall in a few threads but this thread seems to be the most appropriate.  

 

Any lack of growing new local talent through education will impact the region in the future.  One answer would be a more concerted effort in drawing talent from outside of the region through migration or immigration (both needed); however, people locally need to be able to access the higher-paying jobs of today.  

 

Report: By 2025 there won’t be enough educated workers for in-demand jobs in Northeast Ohio

 

By Sean McDonnell, cleveland.com

 

CLEVELAND, Ohio - A new report says that not enough Northeast Ohioans have the education they need for the most in-demand jobs in the region, and that the gap will get worse by 2025.

 

The Aligning Opportunities report, released Thursday by Team NEO, says 65% of Ohio’s workforce will need to have a two- or four-year degree or a trade-school certification by 2025 to meet projected labor demand.

 

Northeast Ohio falls short, the report says, with 37% of the region’s population meeting this mark currently. Another 21% of people have some training, but no degree or certificate, according to the report from Team NEO, a nonprofit regional economic development organization.

 

More at:

 

https://www.cleveland.com/news/2021/11/report-by-2025-there-wont-be-enough-educated-workers-for-in-demand-jobs-in-northeast-ohio.html

October BLS numbers looking pretty good.

https://www.bls.gov/regions/midwest/oh_cleveland_msa.htm

 

Again, these numbers are so up and down it's hard to know what they mean, if anything.

27 minutes ago, LlamaLawyer said:

October BLS numbers looking pretty good.

https://www.bls.gov/regions/midwest/oh_cleveland_msa.htm

 

Again, these numbers are so up and down it's hard to know what they mean, if anything.

 

If the numbers are accurate, I'd say the region has already recovered from the pandemic shutdown.

12 minutes ago, KJP said:

 

If the numbers are accurate, I'd say the region has already recovered from the pandemic shutdown.

Not totally because it would also mean that we’ve lost 55k from the labor force and 58k in overall non farm jobs which I find hard to believe (comparing to October 2019). No way our labor force decreased by that much. 

Ageism is a part of the problem too. 

 

This is a personal bitch but still true. My wife is 60, has a Master's in education, is burned out from all the changes in teaching so finally quit. Despite a worker shortage in the labor market she had been unable to find work.

^^Good point- the numbers are weird all together.

 

With the way the housing market is (still) within the last year and a half, I was under the impression that people having moving back to the region in droves when compared to the last two decades.  It may be a while before the data comes out, but the pandemic may have actually helped Cleveland's fortunes rather than hurt with further out-migration.  

24 minutes ago, cle_guy90 said:

Not totally because it would also mean that we’ve lost 55k from the labor force and 58k in overall non farm jobs which I find hard to believe (comparing to October 2019). No way our labor force decreased by that much. 

Totally possible. We have an extremely older population. Alot of people retired. Hell five people on my street alone in Lakewood retired in the last two years. 

 

Think of how many people worked past retirement age because of what last recession did to their retirement, who probably finally decided to call it quits during the pandemic. I would guess well over 10k people. Oh top of that as we move into the meat of baby boomers you are going to see serious numbers of people moving out of the labor force.

 

Cleveland Police have 400 plus officers who can retire tomorrow. We've had 250 officers take service pensions already in the last year and a half. That's just a microcosm in the larger employment macrocosm in this region. 

 

 

Edited November 19, 20213 yr by KFM44107

26 minutes ago, KFM44107 said:

Totally possible. We have an extremely older population. Alot of people retired. Hell five people on my street alone in Lakewood retired in the last two years. 

 

Think of how many people worked past retirement age because of what last recession did to their retirement, who probably finally decided to call it quits during the pandemic. I would guess well over 10k people. Oh top of that as we move into the meat of baby boomers you are going to see serious numbers of people moving out of the labor force.

 

Cleveland Police have 400 plus officers who can retire tomorrow. We've had 250 officers take service pensions already in the last year and a half. That's just a microcosm in the larger employment macrocosm in this region. 

 

 

Now watch as a significant number of those retirees move to the Carolinas, Florida, and Arizona.

Took a walk over to the Guardians team shop at lunch and noticed that Cross Country Mortgage have a new sign up on the corner of E9th and Bolivar.
Did Goldwater Bank move on already? Also, how does this fit with CCM’s plans on Superior?

 

20 hours ago, roman totale XVII said:

Took a walk over to the Guardians team shop at lunch and noticed that Cross Country Mortgage have a new sign up on the corner of E9th and Bolivar.
Did Goldwater Bank move on already? Also, how does this fit with CCM’s plans on Superior?

 

 

What the frack??

 

Back to the employment numbers.... How can there be more employment than there are employees, let alone employed? Are people working more than one full-time job? Are there people from Akron, Youngstown, Sandusky etc commuting to to jobs in Greater Cleveland? I'd love to hear some informed opinions and possibly even quote a couple of you for an article.

On 11/20/2021 at 10:17 AM, KJP said:

 

What the frack??

 

Back to the employment numbers.... How can there be more employment than there are employees, let alone employed? Are people working more than one full-time job? Are there people from Akron, Youngstown, Sandusky etc commuting to to jobs in Greater Cleveland? I'd love to hear some informed opinions and possibly even quote a couple of you for an article.

 

I'm pretty confident it's primarily the latter--folks from Metro A can get counted in the Metro A labor force but Metro B payrolls. If you're looking for someone to quote on it, I'm not your guy, but I'm sure there are some others here who have a more robust economics background than I do and can answer definitively.

 

As an aside, this is routine for Cleveland. If you look at historic numbers, our total nonfarm typically exceed the labor force. In Akron, the reverse is true, with labor force far exceeding payrolls. The reason, I would guess, is that the Cleveland official metro designation is remarkably compact geographically, and there are probably almost a million people who live less than an hour from downtown but aren't in the metro.

^ I have a feeling the work-from-home trend may have allowed some of the workers Cleveland pulled from outside the five-county MSA to get reported in other areas, thus reducing the non-farm number. 

Thanks @Clefan98for pointing out the Indeed jobs data. I added to it!

 

 

Cleveland offers more jobs than some Sun Belt powerhouses

By Ken Prendergast / November 23, 2021

 

Whether they’re statistics from the U.S. Department of Labor or employment listings at one of the world’s largest jobs Web sites, the data for Greater Cleveland is looking rosy again, for the first time since the global pandemic began in early 2020. Indeed, the number of paychecks being created in this Great Lakes metropolis is exceeding those being created in traditional Sun Belt economic powerhouses like Austin, Charlotte, Orlando and San Diego.

 

MORE:

https://neo-trans.blog/2021/11/23/cleveland-offers-more-jobs-than-some-sun-belt-powerhouses/

1 hour ago, KJP said:

Thanks @Clefan98for pointing out the Indeed jobs data. I added to it!

 

 

Cleveland offers more jobs than some Sun Belt powerhouses

By Ken Prendergast / November 23, 2021

 

Whether they’re statistics from the U.S. Department of Labor or employment listings at one of the world’s largest jobs Web sites, the data for Greater Cleveland is looking rosy again, for the first time since the global pandemic began in early 2020. Indeed, the number of paychecks being created in this Great Lakes metropolis is exceeding those being created in traditional Sun Belt economic powerhouses like Austin, Charlotte, Orlando and San Diego.

 

MORE:

https://neo-trans.blog/2021/11/23/cleveland-offers-more-jobs-than-some-sun-belt-powerhouses/

Really well done article Ken.  There is nothing like a "news" article overflowing with facts rather than opinions disguised as facts.

 

After reading the article I recalled a Crain's article from a couple of days ago which has left me bit confused, especially given all the future construction projects we having been focusing on in the forum.  The article was a re-cap of a local construction industry survey conducted by Crains and it showed a strange increase in the percentage of contractors who feel it will be more difficult to find work in the future (I believe the survey period was like last year compare to the upcoming year) and that they are finding themselves, on average, competing against more firms when they bid on projects now (something on average of 10 versus say 6 before).  Given the number of huge projects downtown and in University Circle as well as many smaller ones all over the region (but still in the millions of dollars), I wonder how this can be explained.  Maybe just middle aged white guys being pessimistic as is their nature.

2 minutes ago, Htsguy said:

Really well done article Ken.  There is nothing like a "news" article overflowing with facts rather than opinions disguised as facts.

 

After reading the article I recalled a Crain's article from a couple of days ago which has left me bit confused, especially given all the future construction projects we having been focusing on in the forum.  The article was a re-cap of a local construction industry survey conducted by Crains and it showed a strange increase in the percentage of contractors who feel it will be more difficult to find work in the future (I believe the survey period was like last year compare to the upcoming year) and that they are finding themselves, on average, competing against more firms when they bid on projects now (something on average of 10 versus say 6 before).  Given the number of huge projects downtown and in University Circle as well as many smaller ones all over the region (but still in the millions of dollars), I wonder how this can be explained.  Maybe just middle aged white guys being pessimistic as is their nature.

 

I've heard some Cleveland developers who work in and outside of Cleveland complain about the lack of construction general contractors and subs in the Cleveland area. They believe the relative lack of competition is the main reason that drives up construction costs here. So now that we're seeing more out-of-town developers invest here, some are bringing construction managers and subs here from the cities they tend to work in. That may be what the contractors are complaining about.

8 minutes ago, KJP said:

 

I've heard some Cleveland developers who work in and outside of Cleveland complain about the lack of construction general contractors and subs in the Cleveland area. They believe the relative lack of competition is the main reason that drives up construction costs here. So now that we're seeing more out-of-town developers invest here, some are bringing construction managers and subs here from the cities they tend to work in. That may be what the contractors are complaining about.

Hmm

Thanks for the pick-me-up Ken. While new projects or those under construction get all of us excited the real meat and potatoes of any region is the economy. We know we've been doing a slow bleed for decades although things seem to have begun turning around in the since the Great Recession. 

 

The apparent dichotomy of continual population loss coupled with an increase of people, especially millennials moving here presents an interesting possibility. Some of the most negative Clevelanders are those older suburbanites who have moved or are moving south for retirement. That bad attitude is not all their fault as decades of job loss, bad weather and losing sports teams will do a number on you. Then we have the recent phenomenon of poor Clevelanders moving too. I find that the most surprising as the poor are usually less mobile. And now there is an influx of younger more educated people. 

 

I'm always reading different sites/articles about people moving or visiting here and what their thoughts are. One thing that frequently comes up is how impressed they are with the area once they have a chance to experience it. Many of these new people are way more positive than the ones leaving. If this churn continues that old Cleveland negativity might be replaced with something more positive. Maybe we can turn around our national image too. Having a better image along with a more educated workforce will encourage outside companies to see the region as a possibility for expansion. It's been a while since we were on the national radar.

^yes this. I went to the Suns/Cavs game last night and had a fun time playing spot the Phoenixian (they looked like Randy from Christmas Story) and hearing how just shocked they were at how nice everythig is downtown. 

 

The older generation that describes Cleveland as a Mad Max moonscape needs to shut up and retire already.

Always good to see an out of town acquisition being done by a Cleveland company instead of a Cleveland company being acquired by an out of town company which happens all to often.  

 

"KeyBank is adding to its presence in Charlotte with the acquisition of local financial-technology company, XUP Payments...."

 

https://www.bizjournals.com/charlotte/news/2021/11/23/keybank-acquires-xup-payments-fintech-growth.html

This is a bummer. Boutros has done a FANTASTIC job and I had hoped he would lead Metro for many more years. 

 

 

2 hours ago, Boomerang_Brian said:

This is a bummer. Boutros has done a FANTASTIC job and I had hoped he would lead Metro for many more years. 

 

 

I agree; he is a brilliant executive.  What helped him along, though, and rarely gets the credit, was Obamacare which turned all those charity ER visits into an income stream. He made the most of it.

Here is a nice little bit of in-migration:

 

Pleasant Valley Corp. buys Independence office building for $13 million

https://www.crainscleveland.com/real-estate/pleasant-valley-corp-buys-independence-office-building-13-million

 

Pleasant Valley will be moving 40 employees from Medina, and consolidating another 30 from leased space in Independence. NAI Pleasant Valley Corp will now be HQ'd in the building.

As an IL transplant in early 2014, it only took me a few months to beg my company to stay here long term. I've been here almost 8 years now, my sister came to grad school at Case Western and plans to stay in NEO, my parents are going to be moving here, I've even had friends move here for career opportunities siting my enthusiasm for the area as what made them comfortable with the move. 

 

I work for one of the Steelyard metals companies. I'm shocked by the attitudes of the old timers who will joke that our offices are the closest they'll get to downtown. The previous generations have truly been jaded by the decades long downturn for the city and seemingly given up, or refuse to acknowledge the positives. We get interns in from all over the country and I love hearing their attitude change from the when summer begins and they "got stuck in Cleveland" to when they're leaving and making plans to come back and visit.

 

Young people love Cleveland. The near Westside, downtown and University circle have managed to scrape together a very desirable environment for young professionals. Let the Olds talk their sh*t, no one's listening. 

On 11/23/2021 at 5:15 PM, cadmen said:

Thanks for the pick-me-up Ken. While new projects or those under construction get all of us excited the real meat and potatoes of any region is the economy. We know we've been doing a slow bleed for decades although things seem to have begun turning around in the since the Great Recession. 

 

The apparent dichotomy of continual population loss coupled with an increase of people, especially millennials moving here presents an interesting possibility. Some of the most negative Clevelanders are those older suburbanites who have moved or are moving south for retirement. That bad attitude is not all their fault as decades of job loss, bad weather and losing sports teams will do a number on you. Then we have the recent phenomenon of poor Clevelanders moving too. I find that the most surprising as the poor are usually less mobile. And now there is an influx of younger more educated people. 

 

I'm always reading different sites/articles about people moving or visiting here and what their thoughts are. One thing that frequently comes up is how impressed they are with the area once they have a chance to experience it. Many of these new people are way more positive than the ones leaving. If this churn continues that old Cleveland negativity might be replaced with something more positive. Maybe we can turn around our national image too. Having a better image along with a more educated workforce will encourage outside companies to see the region as a possibility for expansion. It's been a while since we were on the national radar.

Clevelnd's National Safety Apparel buys Illinois company. Illinois CEO becomes president.

 

https://finance.yahoo.com/news/national-safety-apparel-nsa-welcomes-210300375.html?.tsrc=fin-srch

 

Hmm... Let me know when the new guy buys a house in Cleveland. 

His taxes would sure be a lot lower.

7 hours ago, Dougal said:

Clevelnd's National Safety Apparel buys Illinois company. Illinois CEO becomes president.

 

https://finance.yahoo.com/news/national-safety-apparel-nsa-welcomes-210300375.html?.tsrc=fin-srch

 

Hmm... Let me know when the new guy buys a house in Cleveland. 

 

That's how Nestle USA moved to Cleveland and then left Cleveland, the CEO declined to move.

https://www.clevescene.com/scene-and-heard/archives/2021/12/15/northeast-ohio-one-of-60-finalists-for-massive-1-billion-build-back-better-regional-challenge

 

Some really good reporting from Sam Allard here. Very exciting for the region if some of this stuff wins, which sounds pretty likely.

On 12/2/2021 at 5:09 PM, E Rocc said:

 

That's how Nestle USA moved to Cleveland and then left Cleveland, the CEO declined to move.

 

That was unfortunate. They moved to California, but then decided they would be better in the east and moved again in 2017 to Virginia.  Here is an excerpt from a press release:

 

"After many years in its California headquarters, Nestlé USA was ready to be closer to its global parent, Nestlé S.A., and its subsidiary operations and factories in the Midwest and on the East Coast. A move from its Glendale, Calif., office to the Eastern Seaboard would bring the household brand closer to its world headquarters in Vevey, Switzerland, and to its consumer base – 80% of the company’s products are sold east of the Mississippi River."

On 11/23/2021 at 4:06 PM, KJP said:

 

I've heard some Cleveland developers who work in and outside of Cleveland complain about the lack of construction general contractors and subs in the Cleveland area. They believe the relative lack of competition is the main reason that drives up construction costs here. So now that we're seeing more out-of-town developers invest here, some are bringing construction managers and subs here from the cities they tend to work in. That may be what the contractors are complaining about.

Thanks for this- I’ve often wondered why our construction costs were so high when compared to other cities. I’m actually glad this is happening- it actually helps the city become more competitive and could lead to an increase in new-builds if costs could come down.  There’s no reason for Cleveland to have some of the highest construction costs in the nation with little to no growth over the past 20 years regionally (until now).

I can't believe becoming a passive investor (owning a 10-20% stake) in Eve is what's motivating the Zanite principals, Steve Rosen and Kenn Ricci.  Will one of their companies end up becoming an Eve subcontractor?  It seems as if that should be one of the goals.

 

https://www.crainscleveland.com/finance/embraers-eve-urban-air-mobility-agrees-24-billion-deal-cleveland-spac-zanite

Edited December 21, 20213 yr by Dougal

Another acquisition from yesterday 

 

Cleveland-based private equity firm CapitalWorks LLC has acquired Safe-Way Garage Doors LLC, a maker of residential and commercial overhead garage doors based in Warsaw, Indiana, @McCaffertyCrain reports.
https://www.crainscleveland.com/manufacturing/capitalworks-acquires-indiana-based-garage-door-maker

An article on some interesting Cleveland-based tech start-ups:

 

"As the new year begins, we at Cleveland Inno have assembled a Startups to Watch list: 14 up-and-coming companies that have shown early signs of promise. Our list features startups across a spectrum of industries, from fintech to baby tech and from medicine to education...."

 

https://www.bizjournals.com/cleveland/inno/stories/awards/2022/01/04/startups-to-watch-in-2022.html

 

 

Interesting to see Cleveland noted:

 

https://www.linkedin.com/news/story/hiring-slowed-down-in-december-5675226/

17 minutes ago, WindyBuckeye said:

Interesting to see Cleveland noted:

 

https://www.linkedin.com/news/story/hiring-slowed-down-in-december-5675226/

Topped Austin, not bad company to be in!