Found the perfect HQ site in Mayfeld Hts?  CEO probably lives in Chesterland.  The ugly commute between downtown and the Chagrin Valley seems to be a big unspoken factor in all these recent HQ moves.  If we could just have one road on the east side with a speed limit over 35 (these do exist in other cities), we might see less corporate flight from downtown.

Found the perfect HQ site in Mayfeld Hts?  CEO probably lives in Chesterland.  The ugly commute between downtown and the Chagrin Valley seems to be a big unspoken factor in all these recent HQ moves.  If we could just have one road on the east side with a speed limit over 35 (these do exist in other cities), we might see less corporate flight from downtown.

 

Yeah that's usually what it amounts to...  Certainly a good guess the top executives live out there.  Dont forget Mayfield Hts not only offers close proximity for those executives but lots of free parking in a sea of parking lots right outside your door, since parking is such a hassle, and exhorbanently expensive downtown.  :roll:

Just did some creeping and the CEO lives in Gates Mills. He will now have a 14 minute drive into work. So basically he cut his commute in half.

Hmm just down the road from the CEO of Eaton!

 

I would say it would cut his commute much less in half.  Gates Mills is just down the road from M.H.  Like 10 minutes!

I would say it would cut his commute much less in half.  Gates Mills is just down the road from M.H.  Like 10 minutes!

 

Google Maps is way off in that area.  Gates Mills Blvd. is a pretty easy travel with its traffic circles and low amounts of traffic.  There's no way 3.7 miles would take 13 minutes (that's an average of 17 MPH!).

Hmm just down the road from the CEO of Eaton!

 

I would say it would cut his commute much less in half.  Gates Mills is just down the road from M.H.  Like 10 minutes!

 

I went by his exact address. And used Googlemaps for the time(which could be wrong).

I would say it would cut his commute much less in half.  Gates Mills is just down the road from M.H.  Like 10 minutes!

 

Google Maps is way off in that area.  Gates Mills Blvd. is a pretty easy travel with its traffic circles and low amounts of traffic.  There's no way 3.7 miles would take 13 minutes (that's an average of 17 MPH!).

 

From his house to the new office its 6.5 miles

From his house to the new office its 6.5 miles

 

Ahh, I see.  he must live in the far northern reaches of Gates Mills then (what used to be Wilson Mills).

I think Cleveland should promoting downtown (or at least Bratenahl and Edgewater) as a place for CEOs to live. If there isn't enough high-end housing downtown, then perhaps that's part of the problem. That might help keep more companies in the city. We peasants have been following the wealthy farther out from the city for 200 years. Perhaps an executive Pied Piper Plan might help reverse the flow of jobs and residents?

I wonder what effect the innerbelt reconstruction will have on companies in downtown?  Are the suburbs using that as a negative for downtown?

Construction jobs conundrum

Large-scale commercial projects boost employment in NE Ohio, but whether work is sustainable remains to be seen

 

By STAN BULLARD

4:30 am, March 14, 2011

 

Welders' torches are blazing again near the Cuyahoga River as the Flats East Bank mixed-use project starts up after a two-year stall. Power shovel operators are razing buildings at the old Cleveland Convention Center to make way for a new one. Scaffolds cling to the Higbee Building as part of it becomes a Caesars Horseshoe Casino.

 

In the most battered job sector of all — construction — these signs of life in downtown Cleveland are welcome, though they don't tell the full story. These big projects are just starting, and work won't hit its seasonal stride until summer, so more hiring is at hand — though how long construction jobs can be sustained is another matter. John Kilbane, business manager of Laborers Local 310 in Cleveland, said the convention center job already is providing its share of employment for his members, who do assorted tasks tending to other building trades and asbestos removal.

 

“You don't see a lot of activity because it's inside,” Mr. Kilbane said.

 

Among 200 workers at the convention center site, more than 100 laborers are working inside the old building and 30 are above ground, Mr. Kilbane said. They're the first of 500 laborers who will work on the two-year, $465 million project, which includes a medical merchandise mart.

 

READ MORE AT:

http://www.crainscleveland.com/article/20110314/FREE/303149963

I think Cleveland should promoting downtown (or at least Bratenahl and Edgewater) as a place for CEOs to live. If there isn't enough high-end housing downtown, then perhaps that's part of the problem. That might help keep more companies in the city. We peasants have been following the wealthy farther out from the city for 200 years. Perhaps an executive Pied Piper Plan might help reverse the flow of jobs and residents?

 

Unfortunately, I don't think it's a matter just of housing stock or promotion.  The social infrastructure for the lingering industrial-era elite is heavily concentrated in the Chagrin River communities and a narrow band of Cleveland and Shaker Heights.  Hopefully the economy will continue to evolve so we can develop some less fossilized CEO cultures.

http://projects.nytimes.com/census/2010/explorer?ref=us

 

Go to Cleveland and look at the "Household earning over $200,000 map.

^with the exception of where the Pinnacle is, all of the Downtown tracks have 0% making of $200k or more (unfortunately)---but when you get to 55th and St. Clair, it jumps to 6%. Any ideas as to why that is?

I love Census tract 1947 in Hunting Valley with 56% of households earning $200K+ per year.

 

But I was surprised to see that Census tract 1036 in Ohio City has 10% of households earning $200K+.

^Keep in mind that all the data for that NYTimes map is from sampling a small number of residents each year for five years and than averaging it.  The averaging is meant to smooth over sampling errors, but for small census tracts, it's still hit or miss.  All to say, I wouldn't read much into that 6%.  Anyway, this is probably getting a bit off topic.

Northeast Ohio is picking up jobs as economy improves, Team NEO reports

 

CLEVELAND, Ohio -- Northeast Ohio's economy is driving faster and gradually picking up jobs, according to a report due out today.

 

Employment in the 16-county region was up by nearly 40,000 jobs during the first quarter, compared with a year before. That marked the first local first-quarter employment jump since 2007, according an analysis of federal statistics by Team NEO.

 

http://www.cleveland.com/business/index.ssf/2011/05/northeast_ohio_is_picking_up_j.html

Northeast Ohio is picking up jobs as economy improves, Team NEO reports

 

CLEVELAND, Ohio -- Northeast Ohio's economy is driving faster and gradually picking up jobs, according to a report due out today.

 

Employment in the 16-county region was up by nearly 40,000 jobs during the first quarter, compared with a year before. That marked the first local first-quarter employment jump since 2007, according an analysis of federal statistics by Team NEO.

 

http://www.cleveland.com/business/index.ssf/2011/05/northeast_ohio_is_picking_up_j.html

 

Team NEO is about 6-9 months late on this story....but at least the PD picked it up.

Team NEO is about 6-9 months late on this story....but at least the PD picked it up.

 

To be fair though, the Cleveland MSA needs to gain about 150k jobs to get back to the all-time employment peak from about a decade ago.

 

 

Region gaining favor with site selectors

 

"It's getting a little easier to sell Northeast Ohio, says Team NEO, the business attraction nonprofit. While the outlook isn't so rosy that Northeast Ohio is on its way to becoming the next Silicon Valley, the group does believe the region's stature is rising in the eyes of the people who make plant and office location decisions. Partly, it's because the economy has been steadily improving and showing signs of change. “Overall, the (regional) economy is doing as well or better than the rest of the nation,” said Jenny Febbo, the group's vice president for marketing and communications. That's in contrast to the lagging Rust Belt economy of years past."

 

http://www.crainscleveland.com/article/20110516/SUB1/305169973

Brookings study shows Cleveland is an economic recovery winner

 

Blog entry: May 16, 2011, 11:51 am    |    Author: SCOTT SUTTELL

 

Scholars at the Brookings Institution have looked at economic data for the last five quarters and found the economic recovery is real but uneven — and Cleveland is among the winners.

 

In the United States, “Output is rising, credit conditions are thawing and firms are hiring,” three Brookings researchers write in a Washington Post opinion piece. However, they note that “consumer and small-business confidence remain low by pre-recession standards, which is perhaps not surprising with the unemployment rate at 9%.”

 

But even among the metropolitan economies hit hardest by the Great Recession, the differences in the speed of recovery have been striking, according to the piece.

 

“Areas heavily linked to the auto industry, such as Cleveland and Detroit, have benefited from the resurgence of manufacturing activity since 2009,” the Brookings researchers write. “On average, the unemployment rates of these urban economies have fallen two percentage points in the past year — double the national decline.”

 

Read more at: http://www.crainscleveland.com/article/20110516/BLOGS03/110519896#

Big news on Rosetta front. I hope the French see the benefits of keeping the Cleveland location

 

http://www.crainscleveland.com/article/20110517/FREE/110519876#

 

Digital marketing agency Rosetta acquired by France's Publicis Groupe

 

By JOEL HAMMOND

8:54 am, May 17, 2011

 

Digital marketing agency Rosetta Marketing Group, which has a large presence in Cleveland after its July 2008 purchase of Brulant Inc., has been acquired by Publicis Groupe SA.

 

Publicis, a French advertising company, paid $575 million in cash for the Hamilton, N.J.-based Rosetta.

 

 

I read that story.  It says that Rosetta will continue to operate independently despite the change in ownership.  Also, remember that Cleveland is not their HQs as some posters on cleveland.bomb seem to think.

I'm not sure how Mr. Suttell came to the information that the federal tax credit played a role, since no one was quoted in the story regarding its impact. Maybe it did play a role, but unless Suttell considers himself to be a source for his own articles (!) that's something you leave out. What would be interesting to read are some expert opinions on why NE Ohio is uniquely seeing a real estate rebound.

 

Anyway, this is good news worth reporting....

 

_______________________

 

Home sales in Northeast Ohio rise in April despite continued slump statewide

By SCOTT SUTTELL

2:49 pm, May 19, 2011

 

Northeast Ohio stood out as a big winner as home sales figures statewide for April continued to reinforce just how much the market misses a federal tax credit that was in place a year ago.

 

The Ohio Association of Realtors reported there were 9,119 homes sold statewide last month, a 12.5% decrease from the 10,427 sales in April 2010. The average sale price fell 4.6% to $124,219 from $130,162 a year ago. Meanwhile, total dollar volume of home sales last month was $1.13 billion, a 16.5% drop from the $1.36 billion posted a year ago.

 

But in Northeast Ohio, the story was quite a bit different — and quite a bit better. (The Realtors group combines sales from 17 Northeast Ohio counties into one category known as the Northeast Ohio Real Estate Exchange, or NEOHREX.)

 

READ MORE AT:

http://www.crainscleveland.com/article/20110519/FREE/110519820#

The Cleveland MSA unemployment rate for April stands at 7.6%, a full percentage point below Ohio's 8.6%.

 

Job growth slowed from March, mainly due to a contraction in the financial sector.

 

www.bls.gov Check Areas at a Glance

Cuyahoga County Economic Development Comission approves five-year ED plan

 

The Cuyahoga County Economic Development Commission Wednesday approved and forwarded to the county council a five-year economic development plan that would use a $100 million economic development fund to assist in the attraction to the county of new business and the expansion and retention of existing businesses and in the development of a more skilled and better educated work force.

 

While this new plan does not specify key industries to target for development, Mr. FitzGerald in his April address said he hoped to focus on biomedicine and advanced manufacturing, renewable energy and the local food industry.

 

http://crainscleveland.com/article/20110526/FREE/110529883

 

Buyer lined up for Twinsburg's former Chrysler plant;

DiGeronimo, Scannell plan redevelopment

 

Published: Wednesday, June 01, 2011, 8:00 PM    Updated: Thursday, June 02, 2011, 7:32 AM

By Michelle Jarboe, The Plain Dealer The Plain Dealer

 

 

TWINSBURG, Ohio -- Developers plan to buy the former Chrysler stamping plant in Twinsburg, raising revival hopes for a city that lost an industrial titan.

 

The DiGeronimo Cos. and Scannell Properties have a contract to purchase the mammoth automotive complex and 167 acres, in a deal set to close this month.

 

The plant, abandoned during Chrysler's 2009 bankruptcy reorganization, comprises 2.2 million square feet of buildings where presses punched out car parts for decades.

Read more at: http://www.cleveland.com/business/index.ssf/2011/06/buyer_lined_up_for_twinsburgs.html

NE Ohio manufacturers: No place like home

Positive outlook reigns, contrary to U.S. trend

By DAN SHINGLER

4:30 am, June 6, 2011

 

Welcome to Oz.

 

While the nation’s manufacturers are warning of Kansas-like headwinds, their Northeast Ohio counterparts say they’re still walking down the yellow brick road to further growth.

 

“I’m optimistic. From right here, I see growth ahead of us. Things will improve — I believe that,” said Randy Solganik, owner of City Plating in Cleveland.

 

Mr. Solganik’s company does zinc plating of steel parts, mainly for automakers. He was going gangbusters until the Japanese earthquake and tsunami in March disrupted supply chains and reduced output at some of his automotive customers. But Mr. Solganik said he believes the slight slowdown is purely because of supply chain kinks, not demand for vehicles, and he expects growth soon will resume.

 

READ MORE AT:

http://www.crainscleveland.com/article/20110606/SUB1/110609922

Well that was an ugly visit to Cleveland.com just now:

 

Keithley Instruments to move hundreds of manufacturing jobs to China from Solon

http://www.cleveland.com/business/index.ssf/2011/06/keithley_instruments_to_move_h.html

 

Cleveland Clinic closing Huron Hospital

http://www.cleveland.com/healthfit/index.ssf/2011/06/cleveland_clinic_closing_huron.html

Jigga whaaaa?  I'm kinda surprised about the Huron Hospital closing.

Big loss for East Cleveland.  I'm surprised they didn't even mention that it was East Cleveland in the article.

^^Yeah, I was surprise too at first, but I suppose it makes sense given the rapid depopulation of the service area.  And the health center currently under construction will still open and operate for limited outpatient services.  I guess our amazing pace of hospital demolition and construction despite level population is just another cost of sprawl.

Wow! That might just do it for East Cleveland. Now watch them seek annexation by Cleveland.

 

And a friend of mine was hired by Keithley a few years ago to a rather large salary. She left soon thereafter because she couldn't put up with a Cleveland winter and missed her family back in Florida. Looks like she wouldn't have stayed long at Keithley anyway......

Cross-posted from "Another dumb-ass list...."

 

DIARY OF A RECESSION BABY

June 3, 2011, 9:52 a.m. EDT

Top 10 cities in the U.S. to find a job: Monster

Washington, D.C., is top city for job openings, Monster.com says

 

By Ruth Mantell, MarketWatch

 

WASHINGTON (MarketWatch) — Friday’s jobs numbers showed a labor market that’s still struggling, but prospects are brighter for job seekers in some areas, according to new data from jobs site Monster.com.

 

Washington, San Francisco and Baltimore are among the top 10 areas with the most online job ads per labor-force participant, which includes both the employed and the unemployed, according to Monster.

 

Among the top 10 markets, which may include the city plus surrounding areas, the average rate of jobs posted per participant is about double the national rate.....

 

 

Here’s Monster’s list of top 10 hottest areas for jobs:

 

Washington

 

San Francisco

 

Baltimore

 

Minneapolis

 

Cleveland

 

Boston

 

Seattle

 

Orlando

 

Pittsburgh

 

Kansas City

 

 

READ MORE AT:

http://www.marketwatch.com/story/top-10-cities-in-the-us-to-find-a-job-monster-2011-06-03?pagenumber=2

I saw this article in USAToday.  It is one of the most positive articles about Cleveland's changing job market.  Wouldn't it be nice if the PD would print something like this once and a while?

 

http://www.usatoday.com/money/industries/manufacturing/2011-06-06-hubs-for-manufacturing-jobs_n.htm

 

^Great article. Too bad the PD doesn't run articles like this! Don't read the comments... :wtf:

This has not been a good week....................

 

CLEVELAND, Ohio -- Goodrich Corp. said Wednesday that it would close its Cleveland landing gear plant by the end of next year, putting 400 people out of work.

 

http://www.cleveland.com/business/index.ssf/2011/06/goodrich_to_close_cleveland_pl.html

I didn't know they had a plant here. And I didn't know where it was since the article didn't say it. I had to look back at the previous article to see it is located at 8000 Marble Ave., near East 78th and Broadway. That's another tough hit to that neighborhood.

I didn't know they even had any remaining presence in Cleveland.

Pretty bold statement in the lede (cross-posted in the "Youngstown-your Marcellus tool box" thread)...

 

Manufacturers anticipate boost from natural gas

Extraction process requires sand, industrial components produced by NE Ohio companies

By DAN SHINGLER

4:30 am, June 20, 2011

 

If some experts are right, manufacturing in Northeast Ohio, and much of Ohio and Pennsylvania, is about to receive its biggest boost since the popularization of the automobile.

 

“From a manufacturing perspective, the potential is huge,” said Jim Samuel, a Columbus-based economic development consultant for utilities and others with a big stake in the natural gas business.

 

Mr. Samuel, also a fellow at Cleveland State University, says the industry springing up in our midst might do for Cleveland what oil drilling did for Houston in the last century — by serving as the chief driver of a burgeoning local economy.

 

READ MORE AT:

http://www.crainscleveland.com/article/20110620/SUB1/306209993

OM Group to Buy German Technology Vompany for $1 Billion

 

Published: Tuesday, July 05, 2011, 6:53 PM    Updated: Tuesday, July 05, 2011, 8:31 PM

 

By John Funk, The Plain Dealer

 

Specialty chemicals company OM Group is buying a German company for $1 billion, bolstering the Cleveland firm's position in high-tech automotive and transportation industries.

 

OM Group expects to complete its purchase of Vacuumschmelze GmbH & Co. KG -- or VAC -- in the next several months.

 

"This is a really good thing for Cleveland," said Joseph Scaminace, OM Group's chairman and chief executive officer.

 

...

 

See http://www.cleveland.com/business/index.ssf/2011/07/om_group_to_buy_german_technol.html

Help wanted: Cleveland's high-tech employers are hiring

 

CLEVELAND, Ohio -- The event at Rosetta's penthouse had the atmosphere of a soiree.Plenty of sipping on beverages and noshing on hors d'oeuvres. Plenty of engaging conversation. Plenty of...Resumes?Rosetta's recent job fair to fill 70 openings offers a glimpse into how competitive hiring can be in Cleveland's information technology community. The jobs are plentiful, and qualified candidates often are so in demand that companies find themselves having to woo applicants.

 

 

http://www.cleveland.com/business/index.ssf/2011/07/help_wanted_clevelands_high-te.html

I just learned of the alarming news that a long time Painesville radio station will switch to a liberal talk format-- http://www.clevescene.com/scene-and-heard/archives/2011/07/26/no-rush-cleveland-to-get-liberal-talk-radio-station (what’s happening to my little hometown?! :-(). It has a very limited signal so its reach will probably not extend beyond the eastern suburbs of Cleveland. Maybe Hts will be out of listening range (but I suspect he already knows it all anyway :wink:). Back in the 60’s this was an E-Z listening station called WPVL (“Where People Value Listening” :roll:), which my mother would tune in religiously every morning. They played stuff like this:

Finally, some liberal media. Now, if I could just get some activist judges, and some more taxing and spending, I'll be all set.

TECH jobs continue to grow in Cleveland:

 

Cities with the Biggest Growth in Tech Jobs

 

http://images.businessweek.com/slideshows/20110801/cities-with-the-biggest-growth-in-tech-jobs/slides/11

TECH jobs continue to grow in Cleveland:

 

Cities with the Biggest Growth in Tech Jobs

 

http://images.businessweek.com/slideshows/20110801/cities-with-the-biggest-growth-in-tech-jobs/slides/11

 

Cool! Interesting that Florida and the Rust Belt, er, Tech Belt are the regions with the largest growth rates. But I would like to see the net change in total jobs, not just percentage growth.

Progressive Corp. hiring for call centers again

Published: Wednesday, August 03, 2011, 8:00 PM

Alison Grant, The Plain Dealer By Alison Grant, The Plain Dealer

 

 

Progressive Corp. plans to hire 131 people by the end of September, its third round of hiring since last fall.

 

The country's fourth-largest auto insurance group is looking to fill 108 call center jobs and 23 information technology and analyst jobs at its Mayfield Village headquarters.

 

Progressive announced last September it had openings for 260 customer service representatives. In June, it announced plans to hire another 125.

 

http://www.cleveland.com/business/index.ssf/2011/08/progressive_corp_hiring_for_ca.html

^ Is it just me or does it seem like there has been a significant increase in opportunity for citizens to work lately in Cleveland?  Are the number of jobs opening negated by number of jobs closing?

More growth in the Health- Tech Corridor  :-D:

 

arteriocyte to expand cle production facility, add 15 to 20 jobs

Thursday, August 04, 2011

 

Arteriocyte, a leading clinical-stage biotechnology company with offices in Cleveland and Hopkinton, Mass., has been awarded a $1 million grant by the Ohio Department of Development's Third Frontier Commission. The company, which develops proprietary stem cell and tissue engineering based therapies, will use the grant for the development and commercialization of hematopoietic stem cell expansion for clinical applications.

 

The move is part of the Ohio Third Frontier Biomedical Program to accelerate the company's Good Manufacturing Practices (GMP) of its NANEX technology for clinical use under the product name HemaEx.

 

The company, which was founded in 2004 as a spin-off out of CWRU, has seen rapid growth in the past couple of years, going from four employees to 80. The expansion will create between 15 and 20 jobs in the production facility.

 

http://www.freshwatercleveland.com/innovationnews/arteriocyte080411.aspx

^ Is it just me or does it seem like there has been a significant increase in opportunity for citizens to work lately in Cleveland?  Are the number of jobs opening negated by number of jobs closing?

 

The Cleveland MSA had about a 1.4% increase in total jobs year-over-year in June.

The Akron MSA had about a 3.0% increase.

 

About 23,000 jobs have been added to the Cleveland-Akron area. There has been real growth over the last year, it's not an illusion.