April 30, 20232 yr 51 minutes ago, LibertyBlvd said: I believe the plan was to add a new runway, but I don't know what purpose it would have served. Looking at the area on Google maps, it doesn't look like a new runway would have been as long as any existing runway and thus not suitable for wide body jets. And it's doubtful there would have been many wide body jets serving CLE anyway, even if it were still a hub. Maybe the real reason was to just get rid of the IX Center to eliminate competition with the downtown convention center. Yeah, it looks like the best they could do is add another runway the same length as the shorter crossing one to the North, or put another way, a Burke length runway...
April 30, 20232 yr The reason for the "IX' runway was that it had enough separation from the parallel main runway such that you could have simultaneous operations. The spacing between the two existing NE-SW runways is insufficient for that.
April 30, 20232 yr 10 hours ago, KJP said: Agreed, boardings are up sharply since the pandemic. Anyone know how they compare to pre-pandemic numbers? In 2019 total arrival and departure traffic exceeded 10 million; in 2022 it got back up to 8.7 million. The airport forecasts 10+ million this year. I believe at the peak of the Continental hub, traffic was 13+ million in the late 90s. Remember: It's the Year of the Snake
April 30, 20232 yr 5 hours ago, urb-a-saurus said: The reason for the "IX' runway was that it had enough separation from the parallel main runway such that you could have simultaneous operations. The spacing between the two existing NE-SW runways is insufficient for that. Bingo. As the regular widebody service to Hopkins in the 1970s and 80s attested to — as with now, the somewhat regular 787 and 777 diversions — it was nothing about adding capacity for bigger planes (although the pipe dream of Asia destinations would have been a lot more comfortable (and/or without weight restrictions) at MTOW on 13000ft rather than the 10000ft we have now. Remember when CO touted the direct flight from CLE to PEK in the naughts!?) It was about the “throughput” that the parallel runways and simultaneously takeoffs and landings that they would allow. At its peak, the CO hub had something like 180 flights a day. Who knows what they were planning before 9/11 (although I suspect the IX fiasco is a clue) but just before the global financial crisis they announced a growth plan that would’ve brought us up to 300 or so flights a day. That, of course, didn’t pan out. But the accusations of city mismanagement of Hopkins would be even louder and more justified had they not tried to prepare the airfield for this demand. Edited April 30, 20232 yr by brtshrcegr
April 30, 20232 yr I'm still not sure how that new runway would have worked. It seems like it would have intersected the other existing runways, so I don't know how it would have allowed simulation operations. And as I said previously, it looks like the new runway would have been shorter than the other runways. If this conversation is veering off topic, maybe it should move to CLE thread.
May 1, 20232 yr 5 hours ago, LibertyBlvd said: I'm still not sure how that new runway would have worked. It seems like it would have intersected the other existing runways, so I don't know how it would have allowed simulation operations. And as I said previously, it looks like the new runway would have been shorter than the other runways. If this conversation is veering off topic, maybe it should move to CLE thread. It wouldn't intersect the other runways. It would've been parallel to them. If you go on Google Maps now you can see a few streets south west of the IX center where there are no longer any houses. They were bought so the airport's new runway could be built. The demo occurred when that was still the plan.
May 1, 20232 yr 11 hours ago, Mov2Ohio said: It wouldn't intersect the other runways. It would've been parallel to them. If you go on Google Maps now you can see a few streets south west of the IX center where there are no longer any houses. They were bought so the airport's new runway could be built. The demo occurred when that was still the plan. My Aunt and Uncle lived in that area on Grayton Road and their home was demoed. But I'm pretty sure the plan to clear that area started well before any talk of a new runway. I thought it was due to the expansion of the main runway. Edited May 1, 20232 yr by LibertyBlvd
May 1, 20232 yr 47 minutes ago, LibertyBlvd said: My Aunt and Uncle lived in that area on Grayton Road and their home was demoed. But I'm pretty sure the plan to clear that area started well before any talk of a new runway. I thought it was due to the expansion of the main runway. https://www.google.com/amp/s/www.morningjournal.com/2001/08/08/runway-plan-ok-for-takeoff/amp/
May 1, 20232 yr 12 hours ago, Mov2Ohio said: It wouldn't intersect the other runways. It would've been parallel to them. If you go on Google Maps now you can see a few streets south west of the IX center where there are no longer any houses. They were bought so the airport's new runway could be built. The demo occurred when that was still the plan. Correct. The current newer 24R/6L would have remained in use. They would have converted the older 24L/6R to a taxiway. Then built a new 10,000 24L/6R over the IX property. File under "old and not going to happen in our lifetime", so back to the regularly scheduled topic 😀
May 1, 20232 yr Author I just learned that SHW has put a hiring freeze in place… not so good if they’re forecasting a recession in the near future.
May 1, 20232 yr 1 hour ago, Oldmanladyluck said: I just learned that SHW has put a hiring freeze in place… not so good if they’re forecasting a recession in the near future. They’re late to the party. Most big employers in the area have had them in place for a while. My hovercraft is full of eels
May 1, 20232 yr I think Ohio is relatively well positioned because we have major investment coming online and lots of relative affordability even with increases since 2020. Unfortunately the good positioning is only that, relative. I know several people here who were laid off in the last few weeks. Just look at the layoff news across the country, particularly in Silicon Valley. It's getting bad, and most of the layoffs aren't reflected in official unemployment numbers yet because tech employees are getting handsome severance packages. In a few weeks the official numbers will start to look bad too. Personally, I think something broke back in 2008 that has never really been fixed. From 2009 until 2017 we had basically 0% interest rates. And yet, the 2000s and 2010s were the two slowest decades of growth since the great depression and had basically no inflation. (See chart below). The ability of the market to accept 0% interest rates while avoiding meaningful inflation signals to me that something is fundamentally broken. When the Fed started hiking rates back in 2018, everything started going south and the Fed put on the brakes, even though the rate never got above 2.5%. Now, we're looking at hitting twice that number and maybe higher! The inflation of the last two years was largely a result of supply shocks which will not be repeated. Obviously nobody knows the future. I'm not an expert in these things. But my guess would be we're in for a fairly nasty recession that will hit the Bay Area and Austin, TX hardest but won't spare us here.. Edited May 1, 20232 yr by LlamaLawyer
May 1, 20232 yr ^ l'm actually pretty positive on where we stand economically. Sure the Fed dropped the ball by keeping rates too low for too long and Washington didn't do us any favors by doling out several trillions to combat the Covid situation but they spent too much for too long. That being said, l think rates should stop rising after a couple more quarter point raises. Previous rate hikes are already slowing down the economy which will bring down inflation. All necessary evils. We will have a soft to moderate recession which isn't all bad. The good news in all this is there seems to be just the right amount of workers for the jobs at hand. A small recession will right size the workforce with available jobs. Both too many and not enough workers are bad for business. We are also re-shoring a lot of jobs that had been shipped out. That bodes well for America as it was dangerous to rely too heavily on overseas production. We still have a lot of social problems but l think the economy is stronger than people think.
May 1, 20232 yr I recently met with my financial planner and he made an interesting observation that I never considered when I, of course, asked his thoughts about an upcoming recession. He did not deny that all signs pointed to one but he thought it was going to be mild. He noted that there are still a huge amount of unspent ARPA funds which are going to be released into the economy in the next couple of years and he strongly believed that was going to be a huge mitigating factor.
May 2, 20232 yr Most of the serious analysts are predicting a short and shallow recession, even if one occurs at all. My hovercraft is full of eels
May 2, 20232 yr On 4/29/2023 at 6:27 PM, Oldmanladyluck said: All conventions should be downtown anyways and not by an airport with little economic benefit to the surrounding areas. Isn't that the decision of the people planning and scheduling the convention?
May 2, 20232 yr Speaking of conventions, I assume convention activity is starting to get back to pre-pandemic levels. That should bode well for the downtown hotels, restaurants, etc.
May 2, 20232 yr 34 minutes ago, LibertyBlvd said: Speaking of conventions, I assume convention activity is starting to get back to pre-pandemic levels. That should bode well for the downtown hotels, restaurants, etc. Possibly not a fair assumption, at least not in manufacturing.
May 2, 20232 yr 24 minutes ago, E Rocc said: Possibly not a fair assumption, at least not in manufacturing. I work at the JC and park at City Hall so I walk by the convention center every day. It is always in use, and a lot of it are surprisingly sporting events (volleyball, wrestling, cheerleading, etc). That Starbucks in the global health center is always packed, and the Hilton frequently has the valet line pouring into the street. Other conventions I've seen are beerfest, comic con, atleast multiple construction trades events, among other things.
May 2, 20232 yr 15 minutes ago, KFM44107 said: I work at the JC and park at City Hall so I walk by the convention center every day. It is always in use, and a lot of it are surprisingly sporting events (volleyball, wrestling, cheerleading, etc). That Starbucks in the global health center is always packed, and the Hilton frequently has the valet line pouring into the street. Other conventions I've seen are beerfest, comic con, atleast multiple construction trades events, among other things. Their calendar indeed looks fairly busy! https://www.clevelandconventions.com/calendar/
May 2, 20232 yr My wife and a friend were at the convention center today for a conference of content creators. It's a three-day conference but my wife attended only one day. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
May 3, 20232 yr Greater Cleveland nationally had second largest drop in the unemployment rate Cleveland area’s jobless rate fell to 4.2% in March. by Olivera Perkins "Greater Cleveland nationally had the second largest unemployment rate decrease in March among large metro areas, according to a federal Bureau of Labor Statistics report released Wednesday. The jobless rate in Greater Cleveland was 4.2% in March. In March 2022, it was 5.6%. That means the unemployment rate fell by 1.4 percentage points. Only Greater Detroit, which fell by 1.5% points, saw a larger decrease in the jobless rate. (The jobless rate in that Michigan metro area was 2.8%) Ohio’s unemployment rate in March was 4%, according to the BLS report. When the Ohio Department of Job and Family Services released March’s jobless rate April 21, it placed the rate at 3.8%. There is no discrepancy. The BLS numbers are not seasonally adjusted, but ODJFS’s are. The seasonally adjusted rate takes into account predictable seasonal patterns that often influence unemployment, ranging from school breaks to severe weather." https://signalcleveland.org/greater-cleveland-nationally-had-second-largest-drop-in-the-unemployment-rate/
May 15, 20232 yr GCP report takes a deep dive into Northeast Ohio's R&D ecosystem KIM PALMER May 15, 2023 09:00 AM Quote In 2021, about $2.53 billion of the nearly $3.68 billion in R&D activity came from private companies, followed by $574 million from academic institutions and $557 million from the NASA Glenn Research Center. Hospitals including the Cleveland Clinic Foundation and University Hospitals in total are responsible for $505 million in R&D activity — $485 million is included in the private company R&D figure — and a total of $20 million is generated from the Louis Stokes Cleveland Department of Veterans Affairs Medical Center ($15 million) and MetroHealth ($5 million), according to the report. Case Western Reserve University led the pack for academic R&D spending with $422 million. Cleveland State University had $71 million in expenditures, followed by Kent State University with $50 million. The University of Akron and Northeast Ohio Medical University followed with $17 million and $14 million in R&D activity, respectively, in 2021. https://www.crainscleveland.com/government/greater-cleveland-reported-nearly-4-billion-rd-activity
May 16, 20232 yr Population changes are ultimately economic changes, but I posted the article about Greater Cleveland's newfound "Brain Gain" in the population thread.... Just now, KJP said: A local angle to the NYT story Cleveland is seeing ‘brain gain’ – for a change By Ken Prendergast / May 16, 2023 For decades, Greater Cleveland has suffered from the loss of its college-educated citizens primarily to star-studded cities on the East and West Coasts. Now, for a change, this former industrial powerhouse on the North Coast is enjoying a net in-migration of more brain than brawn. And while the region is still seeing net outmigration of those without college degrees, the results are at worst uneven. MORE: https://neo-trans.blog/2023/05/16/cleveland-is-seeing-brain-gain-for-a-change/ "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
May 16, 20232 yr On 5/1/2023 at 5:55 PM, Htsguy said: I recently met with my financial planner and he made an interesting observation that I never considered when I, of course, asked his thoughts about an upcoming recession. He did not deny that all signs pointed to one but he thought it was going to be mild. He noted that there are still a huge amount of unspent ARPA funds which are going to be released into the economy in the next couple of years and he strongly believed that was going to be a huge mitigating factor. The Baby Boomers are now 59-77. The average life expectancy in the US is around 79. And if you look at a graph of the US population by age, there is a very steady decline in the number of people at each age after age 62. What is the impact on the stock market of the Boomers entering retirement (and presumably drawing down their retirement savings -- a large number of sellers) and dying (presumably transferring remaining assets to heirs, who probably would keep the remainder in the market)? I suspect the effects have already occurred as the first Boomers hit 65, because the population is more stable (and probably healthier earlier in life) in the following generations.
May 17, 20232 yr Interesting reports from WKYC 3 news about why Cleveland is not getting any love from the big hi-tech corps: Cleveland Trailing Columbus Cleveland Trailing Columbus (Updated) The second link was updated later (9:35pm) than the first link (8:05pm).
May 17, 20232 yr 3 hours ago, DHubb said: Interesting reports from WKYC 3 news about why Cleveland is not getting any love from the big hi-tech corps: Cleveland Trailing Columbus Cleveland Trailing Columbus (Updated) The second link was updated later (9:35pm) than the first link (8:05pm). Can't wait to hear Councilman Starr and Blaine Griffin shoot this down
May 17, 20232 yr I have a feeling there is more to it than availability of shovel-ready land. Edited May 17, 20232 yr by LibertyBlvd
May 17, 20232 yr Corruption, incompetence, inefficient govt, its really a no-brainer why these companies who aren't already established here, avoid this town/county like the plague
May 18, 20232 yr Not sure how this squares with Ken's earlier reporting that Cleveland continues to lose its non-college educated population. Having a relatively low cost of living and a surplus of job openings would make me think we are at least retaining this demographic if not attracting it. The article suggests there's disconnect between the job openings and awareness that these jobs exist. Taken one step further, there is a lack of understanding of what modern manufacturing jobs actually look like. The article didn't mention this aspect, but I wouldn't be at all surprised if transit accessibility was a major cause for this employment gap with manufacturers spread around the fringes if the city. Cleveland manufacturers can’t find employees, so nonprofits step in to boost training and internships BY TOM BRECKENRIDGE MAY 18, 2023 "Lamar got her job through a program developed by business and community leaders — with help from philanthropy — to match people of color, women, and formerly incarcerated people with manufacturing jobs. Manufacturers in Cleveland and other cities, including Buffalo, Chicago, and Milwaukee, are dealing with a retiring work force that’s left thousands of jobs unfilled. Nationally, the industry’s job gap is projected to hit 2 million by 2030, according to the National Association of Manufacturers. The Cleveland region has an estimated 10,000 manufacturing job openings. By diversifying their job ranks, Cleveland-area manufacturers also hope to improve communities left behind as plants closed or moved to the suburbs. And now with $5 million in federal stimulus money, they expect to help create thousands of new manufacturing jobs over the next few years. ... Manufacturing remains an economic pillar in Northeast Ohio, despite a half century of plant closings and layoffs. The industry still employs more than 270,000 workers in a 21-county region, but it struggles to find enough workers. Most job openings are entry-level, but others are in engineering, computing, and data analysis." https://thelandcle.org/stories/cleveland-manufacturers-cant-find-employees-so-nonprofits-step-in-to-boost-training-and-internships/
May 18, 20232 yr If there is a disconnect between manufacturing job openings and awareness by those looking for jobs maybe part of the problem us how those seeking those jobs are actually looking for them. In days past the most common way to find those job openings was newspaper want ads. That's no longer an option. Those openings and the application process now takes place online. And because a lot of people looking may be somewhat illiterate or lack the computer skills necessary to find and apply for those jobs l think that may be the biggest disconnect. If l were in charge of solving the problem that disconnect is where l would start.
May 19, 20232 yr April BLS numbers are out, and they're pretty good. https://www.bls.gov/regions/midwest/oh_cleveland_msa.htm Eds & Meds posted a nearly 5% y/o/y increase. Unemployment is 3.4% which is retesting multi-decade lows. My base case is still that we have a substantial downturn, but I think we're well positioned. In March, Ohio and Florida led for new job openings. https://www.bls.gov/news.release/jltst.nr0.htm By contrast, in Texas and California, new openings are down sharply. In California, the unemployment rate (while still low) is now the highest it's been since February, 2022. https://www.bls.gov/regions/west/california.htm The same is true in Texas, where unemployment remains unchanged at 4%, which (again, I recognize it's low, but nevertheless...) is the highest since February, 2022. I strongly suspect we may have a very regional recession that feels mild to moderate in the eastern half of the country and quite severe west of the Mississippi.
May 19, 20232 yr Author Trade, Transportation and Utilities has seen six consecutive months of job losses which seem to be accelerating. What could be causing the slowdown? Manufacturing employment is enjoying a bit of growth right now, which is a good thing- all numbers above 2% each month over the last six months. Growth is growth; however, the region can't get back to where it was pre-Covid (nor where it was pre-NAFTA) with overall 1% growth month over month. This could be cross-posted in the Cleveland Population Trends thread... but if/when the jobs begin to show, people will follow. If there are 10,000 unfilled manufacturing jobs, the Region is doing a poor job at getting the word out. Those jobs would undoubtedly support others locally.
May 19, 20232 yr 46 minutes ago, Oldmanladyluck said: Trade, Transportation and Utilities has seen six consecutive months of job losses which seem to be accelerating. What could be causing the slowdown? Manufacturing employment is enjoying a bit of growth right now, which is a good thing- all numbers above 2% each month over the last six months. Growth is growth; however, the region can't get back to where it was pre-Covid (nor where it was pre-NAFTA) with overall 1% growth month over month. This could be cross-posted in the Cleveland Population Trends thread... but if/when the jobs begin to show, people will follow. If there are 10,000 unfilled manufacturing jobs, the Region is doing a poor job at getting the word out. Those jobs would undoubtedly support others locally. Are there any significant efforts, for NE Ohio, to work better together as a region, in terms of advertising jobs nationwide, perhaps internationally? Not only that, but outside of the Cleveland city limits, are there any major endeavors for attracting more jobs to the region. I know there were reports as to why Columbus is attracting more big name employers than the Cleveland proper, but the city of Cleveland is much smaller in area than Columbus. There is clean developable land outside of Cleveland, especially outside of Cuyahoga County.
May 19, 20232 yr 1 hour ago, Oldmanladyluck said: Trade, Transportation and Utilities has seen six consecutive months of job losses which seem to be accelerating. What could be causing the slowdown? Manufacturing employment is enjoying a bit of growth right now, which is a good thing- all numbers above 2% each month over the last six months. Growth is growth; however, the region can't get back to where it was pre-Covid (nor where it was pre-NAFTA) with overall 1% growth month over month. This could be cross-posted in the Cleveland Population Trends thread... but if/when the jobs begin to show, people will follow. If there are 10,000 unfilled manufacturing jobs, the Region is doing a poor job at getting the word out. Those jobs would undoubtedly support others locally. I think you mean 1% y/o/y, since 1% m/o/m would be gangbusters. Look, we have no population growth right now. The fact that we're adding jobs at all with a stagnant population is something to be thankful for. If we maintain a tighter labor market during this downturn than places like Austin and SF do (which, again, I'm optimistic we will), then we'll get people who come here looking for jobs and the population figures may get more rosy. Regarding the Trade Transportation Utilities sector, the national economy is slowing down. The last few Philly Fed manufacturing surveys have been appalling. I'm guessing the decline is mostly in warehousing and shipping as industrial production across the country is doing poorly. If you look at the TTU sector in other states and metros, you'll see it's doing relatively poorly in a lot of places, although Cleveland seems to be a bit worse off.
May 20, 20232 yr Because the transportation index nationally is going in the toilet. And the transportation index usually leads the economy by about 4 months. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
May 20, 20232 yr On 5/19/2023 at 12:56 PM, Oldmanladyluck said: Trade, Transportation and Utilities has seen six consecutive months of job losses which seem to be accelerating. What could be causing the slowdown? Manufacturing employment is enjoying a bit of growth right now, which is a good thing- all numbers above 2% each month over the last six months. Growth is growth; however, the region can't get back to where it was pre-Covid (nor where it was pre-NAFTA) with overall 1% growth month over month. This could be cross-posted in the Cleveland Population Trends thread... but if/when the jobs begin to show, people will follow. If there are 10,000 unfilled manufacturing jobs, the Region is doing a poor job at getting the word out. Those jobs would undoubtedly support others locally. Where is the info that there are 10k unfilled manufacturing jobs? Is that in Greater Cleveland or statewide? "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
May 20, 20232 yr Author 2 hours ago, KJP said: Where is the info that there are 10k unfilled manufacturing jobs? Is that in Greater Cleveland or statewide? In Cleveland. This article was released yesterday: ”Manufacturers in Cleveland and other cities, including Buffalo, Chicago, and Milwaukee, are dealing with a retiring workforce that’s left thousands of jobs unfilled. Nationally, the industry’s job gap is projected to hit 2 million by 2030, according to the National Association of Manufacturers. The Cleveland region has an estimated 10,000 manufacturing job openings.” https://apnews.com/article/manufacturing-job-gap-cleveland-philanthropy-41a8aa35e6af01d008955d9b2b65a04f# Edited May 20, 20232 yr by Oldmanladyluck
May 20, 20232 yr 48 minutes ago, KJP said: Where is the info that there are 10k unfilled manufacturing jobs? Is that in Greater Cleveland or statewide? Cleveland scene or maybe Crains ran an article in re: non profits filling in the gap for training people to fill those jobs. I think that's a big issue everywhere though. We certainly could do a better job promoting manufacturing as a viable pathway to a good life.
May 23, 20232 yr Greater Cleveland: poverty amid plenty By Ken Prendergast / May 23, 2023 Amid the good news in Ohio and especially in Greater Cleveland that unemployment has fallen to pre-pandemic lows is the harsh reality that inner-city joblessness remains high. This is despite thousands of jobs made available by economic growth and retiring Baby Boomers. Meanwhile, three-fourths of all available jobs are beyond the reach of public transportation or, where public transportation is fast and frequent, there are many jobs but few quality housing options. MORE: https://neo-trans.blog/2023/05/23/greater-cleveland-poverty-amid-plenty/ "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
May 23, 20232 yr Nice to see the W3rd St. properties in the Flats get bought for almost $5 million by Sunoco. They already operate at the site, but this offers room for an expansion of their existing Cleveland terminal operation. Sounds like more jobs, although the article doesn't say that. https://www.bizjournals.com/cleveland/news/2023/05/22/sunoco-midstream-buys-properties-in-cleveland.html Remember: It's the Year of the Snake
May 28, 20232 yr Of the 10 cities that had the fastest jobs growth last month, 8 were located in the Midwest or East Coast. Cleveland, home of the Cavaliers, came in as no. 1 for jobs growth, and was one of two Buckeye State cities in the top three. Read our latest monthly hiring and salary trends report by Luke Pardue here:https://gusto.com/company-news/april-2023-gusto-monthly-pay-and-hiring-insights?utm_source=org_li&utm_medium=social "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
May 28, 20232 yr Just curious if those numbers apply for total employment? The report states that 300k SMB were surveyed. If that's the case I would assume this only applies to small and medium sized companies.
May 31, 20232 yr Diebold to file Chapter 11 Bankruptcy, but keep its Hudson HQ and local offices and operations. https://www.google.com/amp/s/www.cleveland.com/news/2023/05/hudson-based-diebold-nixdorf-says-it-will-file-for-chapter-11-bankruptcy-protection.html%3foutputType=amp
June 5, 20232 yr Fortune 500 list is out. Cleveland (area) companies on it: Company/Rank/2022 sales in billions Progressive / 88 / $49.6 Cleveland Cliffs / 170 / $22.9 Sherwin Williams / 178 / $22.1 Goodyear / 191 / $19.2 Parker Hannifin / 261 / $15.9 First Energy / 343 / $12.1 Travel Centers / 372 / $10.8 Avery Dennison / 421 / $9.0 Key Bank / 459 / $8.1 Smuckers / 465 / $7.9 Foreign companies like Eaton don't get counted. And sadly, Travel Centers of America was acquired earlier this year by BP. Remember: It's the Year of the Snake
June 5, 20232 yr 4 hours ago, Dougal said: Fortune 500 list is out. Cleveland (area) companies on it: Company/Rank/2022 sales in billions Progressive / 88 / $49.6 Cleveland Cliffs / 170 / $22.9 Sherwin Williams / 178 / $22.1 Goodyear / 191 / $19.2 Parker Hannifin / 261 / $15.9 First Energy / 343 / $12.1 Travel Centers / 372 / $10.8 Avery Dennison / 421 / $9.0 Key Bank / 459 / $8.1 Smuckers / 465 / $7.9 Foreign companies like Eaton don't get counted. And sadly, Travel Centers of America was acquired earlier this year by BP. So this confirms Avery Dennison is now headquartered in Mentor. Least advertised Fortune 500 move I can remember. Probably not a huge difference in workforce but still nice after losing travel centers.
June 6, 20232 yr 5 hours ago, cle_guy90 said: So this confirms Avery Dennison is now headquartered in Mentor. Least advertised Fortune 500 move I can remember. Probably not a huge difference in workforce but still nice after losing travel centers. The last CEO, however, lived in Glendale, CA, and never left; the new one lives in Boston and never plans to leave. Remember: It's the Year of the Snake
June 6, 20232 yr BP hates Cleveland. So I hate BP. "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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