Jump to content

Featured Replies

54 minutes ago, LibertyBlvd said:

That one still bugs me. Of course Nestle USA moved again after that.  They are now in Virginia.

 

My dad ran occupational health and safety for the corporation and got let go when they moved (or because he had butted heads with Weller over some compliance issues at Carnation).  So yeah....

  • Replies 5.5k
  • Views 495.9k
  • Created
  • Last Reply

Top Posters In This Topic

Most Popular Posts

  • The Clinic will cut the ribbon on its quantum computer today. NOW is when the city should go all out to get one of the two Advanced Research Project Agency - Health sites for the city.  For the moment

  • Disagree. We could use more direct flights to more places that 500 miles or more away, we would be a stronger attraction to business. And if we could get to downtowns in Columbus, Cincinnati, Pittsbur

  • LlamaLawyer
    LlamaLawyer

    Y’know, the county as a whole isn’t growing either (at least not till recently). Downtown Cleveland and University Circle are growing as fast or faster than ANYWHERE else in the county. Cleveland co

Posted Images

Nordson Corporation Announces Agreement to Acquire CyberOptics Corporation

 

WESTLAKE, Ohio--(BUSINESS WIRE)--Nordson Corporation (Nasdaq: NDSN) has signed a definitive agreement for the acquisition of CyberOptics Corporation (Nasdaq: CYBE), a leading global developer and manufacturer of high-precision 3D optical sensing technology solutions. The acquisition enhances Nordson’s test and inspection platform, providing differentiated technology that expands Nordson’s product offering in the semiconductor and electronics industries.

 

The all-cash transaction is valued at $54.00 a share, or approximately $380 million net of cash acquired...

 

“We are looking forward to welcoming CyberOptics’ nearly 200 employees to Nordson. The company’s leading-edge 3D optical sensing technology and market leading wireless measurement sensors will expand Nordson’s current test and inspection capabilities, allowing us to offer new differentiated solutions to our semiconductor and electronics customers. Applying the NBS Next growth framework, we will invest in CyberOptics’ greatest opportunities for profitable growth while also providing the advantages of our global business infrastructure and customer-centric model,” said Sundaram Nagarajan, president and chief executive officer.

 

Headquartered in Minneapolis, Minnesota, CyberOptics generates approximately $100 million in annual revenue.

 

More at: https://www.businesswire.com/news/home/20220808005203/en/Nordson-Corporation-Announces-Agreement-to-Acquire-CyberOptics-Corporation

I agree Cleveland is on a general upswing. It's just that when economic stats are compared with our peer cities (let alone the hot ones) we seem to be progressing at a slower clip. Still, we are moving forward and that's a definite improvement from our past. 

 

One of my favorite reads are articles from Cleveland re-locator specialists. Especially those on the professional or executive level. I'm always reading statements like the person being recruited or their spouse turns down the visit but if they do manage to come for the tour they are usually more than impressed with all that the area has to offer. Then they have to put up with all the comments from their friends and family. "Cleveland?? Why would you want to move there?" It seems like we are still facing an uphill battle. But who knows, maybe WFH as well as some climate change refugees are changing some of that old perception. One can only hope. 

1 hour ago, cadmen said:

I agree Cleveland is on a general upswing. It's just that when economic stats are compared with our peer cities (let alone the hot ones) we seem to be progressing at a slower clip. Still, we are moving forward and that's a definite improvement from our past. 

 

One of my favorite reads are articles from Cleveland re-locator specialists. Especially those on the professional or executive level. I'm always reading statements like the person being recruited or their spouse turns down the visit but if they do manage to come for the tour they are usually more than impressed with all that the area has to offer. Then they have to put up with all the comments from their friends and family. "Cleveland?? Why would you want to move there?" It seems like we are still facing an uphill battle. But who knows, maybe WFH as well as some climate change refugees are changing some of that old perception. One can only hope. 

While much of the blatant hits against Cleveland (burning river, dirty downtown, toxic Lake Erie, etc...) have, thankfully disappeared,  there still seems to be a remaining Mistake-on-the-Lake attitude among many in the national media.  Often, those who create content tainted with this attitude, don't know crap about Cleveland or NE Ohio.  It seems now like Cleveland/NEO tends to be excluded from listings that would reflect nicely on our area, though this is improving as well.

 

An example of such an oversight:  A few months ago, Jesse M. Keenan, a very well known faculty member of Tulane University School of Architecture, listed cities he believed were havens from climate change:

 

1. Asheville, North Carolina
2. Buffalo, New York
3. Burlington, Vermont
4. Detroit, Michigan
5. Duluth, Minnesota
6. Madison, Wisconsin
7.  Milwaukee, Wisconsin
8. Minneapolis, Minnesota
9. Pittsburgh, Pennsylvania
10. Rochester, New York

 

Many other articles regularly list Cleveland as a climate change haven city.  Problem is, this article was featured on many other media outlets such as CNBC, Reuters, the New York Times & CNN.  Again, while not a direct slap on the region, it sure did not help as millions of Americans missed out on learning of Cleveland/NE Ohio as a true climate change haven city via this widely publicized article.

 

Ok, end of rant.  This article has bothered me for a while.

 

Link to the article on CNBC: https://www.cnbc.com/2022/04/21/climate-change-encourages-homeowners-to-reconsider-legacy-cities.html

 

 

Cleveland still seem to be the Rodney Dangerfield of cities.

2 hours ago, cadmen said:

I agree Cleveland is on a general upswing. It's just that when economic stats are compared with our peer cities (let alone the hot ones) we seem to be progressing at a slower clip. Still, we are moving forward and that's a definite improvement from our past. 

 

One of my favorite reads are articles from Cleveland re-locator specialists. Especially those on the professional or executive level. I'm always reading statements like the person being recruited or their spouse turns down the visit but if they do manage to come for the tour they are usually more than impressed with all that the area has to offer. Then they have to put up with all the comments from their friends and family. "Cleveland?? Why would you want to move there?" It seems like we are still facing an uphill battle. But who knows, maybe WFH as well as some climate change refugees are changing some of that old perception. One can only hope. 

 

This used to bug me more, but it's part of who we are as a city.

 

I hope for the sake of our 30% in poverty, our terrible education system, our public transportation system, our cultural institutions (including sports), and our small businesses that we grow and prosper. All the things I mentioned need economic and population growth to be where they should be. I also think from an environmental and common sense perspective, there's nowhere better to develop and grow than in the urban doughnut holes, of which Cleveland has many.

 

But beyond the above, I'm okay with the "mistake on the lake" perception. I really don't care (and I'm not sure I'd want) to have the economic growth rate of New York City or the population growth rate of Nashville. Those places aren't really better for their explosive growth.

 

Once we are fully on our feet and punching as a city, maybe we can maintain our rough reputation. You know, just to keep the rent down and the riff raff out. 😉

4 hours ago, cadmen said:

I agree Cleveland is on a general upswing. It's just that when economic stats are compared with our peer cities (let alone the hot ones) we seem to be progressing at a slower clip. Still, we are moving forward and that's a definite improvement from our past. 

 

One of my favorite reads are articles from Cleveland re-locator specialists. Especially those on the professional or executive level. I'm always reading statements like the person being recruited or their spouse turns down the visit but if they do manage to come for the tour they are usually more than impressed with all that the area has to offer. Then they have to put up with all the comments from their friends and family. "Cleveland?? Why would you want to move there?" It seems like we are still facing an uphill battle. But who knows, maybe WFH as well as some climate change refugees are changing some of that old perception. One can only hope. 

Plenty of attorneys here who could get the defamation suit going against the estate of Johnny Carson.

I have a little bit of insider info for Bibb. I know he’s been meeting with multiple people and companies.

9 minutes ago, JB said:

I have a little bit of insider info for Bibb. I know he’s been meeting with multiple people and companies.

For Bibb? Or insider info about what he's been doing?

13 minutes ago, JB said:

I have a little bit of insider info for Bibb. I know he’s been meeting with multiple people and companies.

 

Care to share? I'd be happy hear what's going via PM.

"In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck

Sorry, didn’t mean to get peoples hopes up. That’s as far as I know. Guys doing a lot in the background.

6 hours ago, JB said:

Sorry, didn’t mean to get peoples hopes up. That’s as far as I know. Guys doing a lot in the background.

You'll have to excuse us.  The bar was so lo for Frank Jackson that we are easily excited! 

17 hours ago, JB said:

I have a little bit of insider info for Bibb. I know he’s been meeting with multiple people and companies.

Which is very encouraging. Often a little cultivation returns a nice yield.

Remember: It's the Year of the Snake

  • 2 weeks later...

 

"In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck

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

 

July numbers looking pretty good. Labor Force, Total Employment, and Nonfarm all hit their highest numbers since 2019. We're within about 2-4% of recent peaks on each metric. Assuming the poor outlook for global economy doesn't hold us down, I think it's reasonable to expect complete recovery on all three metrics by 2023 or 2024.

ayy ooh way to go ohio — this is right up there with les wexner and epstein.

 

it seems eaton bought some chicago based electric company for $1.8B in march.

 

the guy then took the money and gave it all away to a political non profit called marble freedom in utah.

 

it the largest known donation to a right wing extremist/dark money group, more than double trump’s entire disclosed 2020 campaign money.

 

i thought there was supposed to be some due diligence before a big sale? the guy was previously well known for throwing money at this kind of thing.

 

i guess eaton only looked at the bottom line.

 

the stockholders should fire ceo craig arnold and the board.

 

unless i guess they are down with this? 

 

i hope eaton enjoys its little electric company — while rome burns:

 

 

https://www.cnn.com/2022/08/22/politics/dark-money-donation-conservative-group-invs/index.html

 

 

 

6 minutes ago, mrnyc said:

ayy ooh way to go ohio — this is right up there with les wexner and epstein.

 

it seems eaton bought some chicago based electric company for $1.8B in march.

 

the guy then took the money and gave it all away to a political non profit called marble freedom in utah.

 

it the largest known donation to a right wing extremist/dark money group, more than double trump’s entire disclosed 2020 campaign money.

 

i thought there was supposed to be some due diligence before a big sale? the guy was previously well known for throwing money at this kind of thing.

 

i guess eaton only looked at the bottom line.

 

the stockholders should fire ceo craig arnold and the board.

 

unless i guess they are down with this? 

 

i hope eaton enjoys its little electric company — while rome burns:

 

 

https://www.cnn.com/2022/08/22/politics/dark-money-donation-conservative-group-invs/index.html

 

 

 

Let's keep in mind that Eaton is not a Cleveland company, nor even an American company. For tax purposes, of course.

When is the last time I-71 turned a profit?

17 minutes ago, Boomerang_Brian said:

Let's keep in mind that Eaton is not a Cleveland company, nor even an American company. For tax purposes, of course.

 

😅😬

 

btw the crusty old electronics guy is:

 

Barre Seid, a low-profile, 90-year-old Chicago electronics company executive and philanthropist who has previously been tied to smaller anonymous contributions to other right-wing groups.

5EDBB165-349D-4764-B844-4BA08DB0F625.jpeg

Ah geez America. What are we becoming? I feel like I'm playing a bit part in a Greek tragedy. 

Sounds like more Trump style shenanigans...🙄

Let's get back to Cleveland Economic News.

  • 2 weeks later...

 

 

Park Place Technologies is exploring space for a new HQ

SCOTT SUTTELL 

 

Quote

Park Place Technologies, a fast-growing data center and networking optimization company, is in the market for a new global headquarters that's substantially larger than its current space.

 

The company, based in Landerbrook Corporate Center II at 5910 Landerbrook Drive in Mayfield Heights, on Monday morning, Sept. 19, announced it has sent a Request for Proposal (RFP) for a new headquarters to 100 municipalities and real estate brokers, all in Northeast Ohio.

 

Park Place's main goals: staying in the region, and finding a space that accommodates a campus-style headquarters.

 

https://www.crainscleveland.com/technology/park-place-technologies-exploring-space-new-hq

37 minutes ago, Htsguy said:

I would shoot myself it every day I had to report to work at Landerbrook Corporate Center.

 

Me too!

"In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck

2 hours ago, Htsguy said:

I would shoot myself it every day I had to report to work at Landerbrook Corporate Center.

It does sound as if downtown couldn't possibly meet their specs.

Remember: It's the Year of the Snake

I did have some fun times at J. Alexanders and Champs back in the day. 

 

Still a few good happy hour deals at Burntwood Tavern.

Edited by TBideon

  • Author
1 hour ago, Dougal said:

It does sound as if downtown couldn't possibly meet their specs.

Midtown maybe?

 

If they’re looking for a “campus”, agreed downtown wouldn’t work.

19 minutes ago, Oldmanladyluck said:

Midtown maybe?

 

If they’re looking for a “campus”, agreed downtown wouldn’t work.

 

maybe that link they're planning on euclid by 55th.

or Opportunity Corridor? 

18 hours ago, Oldmanladyluck said:

Midtown maybe?

 

If they’re looking for a “campus”, agreed downtown wouldn’t work.

 

Can someone post a copy or link to the RFP? Thanks.

4 minutes ago, jcw92 said:

 

Can someone post a copy or link to the RFP? Thanks.

 

From the Crain's article

Quote

The RFP states that the new headquarters would be in a range of 180,000 to 295,000 square feet, broken down this way:

 

• Class A office space: 150,000 to 250,000 square feet

 

• Data center space: 10,000 to 15,000 square feet

 

• High bay warehouse space: 20,000 to 30,000 square feet (attached to the data center space)

 

Parking is important in the search; Park Place says it's looking for a site that has "easy access with ample parking" of three or four spaces per 1,000 square feet.

 

Amenities are a big part of the search, too. Park Place's RFP lists the following as being important in the search: photovoltaic generation; electric vehicle charging; daycare center; full-service cafeteria; fitness center; event space; security; fiber connectivity; potential network and hardware engineering vocational training center; and large meeting space to accommodate about 400 people (which can be converted to smaller space when needed.)

 

Edited by Luke_S

^That could totally be in Midtown. But if they sent it out to all the suburbs it may be where they really want to be without saying it.  They would get better talent though if its in Midtown then in that crappy office park hell along 271.

Edited by jcw92

20 hours ago, Whipjacka said:

 

maybe that link they're planning on euclid by 55th.

or Opportunity Corridor? 


Let's be frank. I highly doubt people at Parker Hannifin would want to work in either area, and that includes the younger professionals who have more an affinity for living and working in cities.

27 minutes ago, TBideon said:


Let's be frank. I highly doubt people at Parker Hannifin would want to work in either area, and that includes the younger professionals who have more an affinity for living and working in cities.

This discussion isn’t about Parker Hannifin - it’s about Park Place Technologies, a young and rapidly growing company. Much different demographic than PH. Also more likely to benefit from a city location, considering the talent it is trying to recruit. 

When is the last time I-71 turned a profit?

Parker Hannifin was in Cleveland prior to moving to suburbia.

On 9/20/2022 at 9:56 AM, Luke_S said:

 

From the Crain's article

 

These specs spell out places like avon/Avon Lake, Westlake, Brecksville. Places right off the freeway with hundreds of undeveloped acres. There is not a chance in hell this company is moving to Cleveland proper. And I think people vastly overate the idea that millennials want "urbanity, walkability" etc when it comes to jobs. I'm in my 30s, a decade ago we used to either live downtown or Ohio City. Now everyone is in Solon, Westlake, Brecksville, Avon. The most urban place one of us lives in now is Cleveland Heights. 

 

Suburbia remains king in NEO and it's hard to see it ever changing. 

Edited by AsDustinFoxWouldSay
Error

45 minutes ago, AsDustinFoxWouldSay said:

These specs spell out places like avon/Avon Lake, Westlake, Brecksville. Places right off the freeway with hundreds of undeveloped acres. There is not a chance in hell this company is moving to Cleveland proper. And I think people vastly overate the idea that millennials want "urbanity, walkability" etc when it comes to jobs. I'm in my 30s, a decade ago we used to either live downtown or Ohio City. Now everyone is in Solon, Westlake, Brecksville, Avon. The most urban place one of us lives in now is Cleveland Heights. 

 

Suburbia remains king in NEO and it's hard to see it ever changing. 

I'm 31. I don't have a single friend with a college degree or higher that lives further than an inner ring suburb. I just had literally three friends and their wives/husbands who bought houses in Cleveland in the last two weeks (West Park/Old Brooklyn/Puritas), and another move from Mentor to Lakewood. My friends who do live further out all list high school as their highest degree. I'm mostly comparing friends from high school/old job friends/people I met along the way. 

 

I went out of state for college (Omaha), so I don't have friends from that part of my life that reside in Cleveland. 

 

If I added my current profession into this equation (Police), 40 and above is like 1/3 Cleveland, 2/3rd suburbs as expected, Everyone younger is 50/50 with the suburbs heavily leaning towards inner ring (Lakewood, Parma, Berea, and Brookpark oddly are the most), and then the rest live out of county. The ones who live out of county all live in Elyria, where all of them grew up. As far as people with kids it still is about 50/50 for my age group. Alot of people do the Catholic School thing or are graduates of CMSD themselves, so have no problem with it. 

 

I have one friend from work who has a college degree who rented in Westlake because he got hired there, hated it so much he came back to Cleveland (which Is saying a lot because our morale is terrible right now). He's desperately trying to buy in Cleveland, Fairview, or Lakewood.  

 

Also interestingly that college degree trend plays out here too for work as well.

 

Id love to hear other people's experience. I have a feeling it really is different depending on where you grew up/ went to school / work. 

Edited by KFM44107

My high school friends who stayed are generally in Orange, Pepper Pike, South Euclid and University Heights. 

3 hours ago, AsDustinFoxWouldSay said:

These specs spell out places like avon/Avon Lake, Westlake, Brecksville. Places right off the freeway with hundreds of undeveloped acres. There is not a chance in hell this company is moving to Cleveland proper. And I think people vastly overate the idea that millennials want "urbanity, walkability" etc when it comes to jobs. I'm in my 30s, a decade ago we used to either live downtown or Ohio City. Now everyone is in Solon, Westlake, Brecksville, Avon. The most urban place one of us lives in now is Cleveland Heights. 

 

Suburbia remains king in NEO and it's hard to see it ever changing. 

 

My 8 closest friends and I were all born in Parma, Parma Heights, Strongsville, North Royalton, and Olmsted Falls. 

 

All of us are now in Ohio City or Detroit Shoreway. 4 of us have kids or are expecting. 5 of us have advanced degrees. 

 

Our generation abhors commutes and wants to be able to walk places. It's already changing, btw. Brecksville, which was a boom town the last 30 years, just consolidated their elementary schools after a half decade of declining enrollment. 

^ but is is that because suburbia isnt so in vogue, or because the region population is declining in general?

 

and i say that with a lot of friends and family around there, including a brecksville elementary teacher/old college gf who sends me class pics, which on the positive side i am always impressed over the years are consistently more mixed than you might imagine. 

1 hour ago, mrnyc said:

^ but is is that because suburbia isnt so in vogue, or because the region population is declining in general?

 

and i say that with a lot of friends and family around there, including a brecksville elementary teacher/old college gf who sends me class pics, which on the positive side i am always impressed over the years are consistently more mixed than you might imagine. 

 

I think it has more to do with families not having as many or any kids.

 

23 minutes ago, Mov2Ohio said:

 

I think it has more to do with families not having as many or any kids.

 

 

seems so, but if no one is moving in that is a loss.

11 hours ago, mrnyc said:

^ but is is that because suburbia isnt so in vogue, or because the region population is declining in general?

 

and i say that with a lot of friends and family around there, including a brecksville elementary teacher/old college gf who sends me class pics, which on the positive side i am always impressed over the years are consistently more mixed than you might imagine. 

 

To be fair - suburbs like Rocky River, Chagrin Falls, Shaker Heights, and Lakewood are still attractive to people my age - but that's because they all have walkable CBDs. That's a HUGE desire of millennials. 

Create an account or sign in to comment

Recently Browsing 0

  • No registered users viewing this page.