August 2, 20177 yr ^"the labor pool grew by an even larger number - just under 17,000" thats a big change for one month (or is that YoY?). Is this people suddenly 'looking for work' and thus filing for unemployment or did the population of workers actually grow? Here is the BLS data for the Cleveland MSA rounded to thousands Unadjusted data Month Labor Force Employment 6/17 .. 1,055.8K .... 988.6K 5/17 .. 1,038.8K .... 978.6K 6/16 .. 1,037.1K .... 979.9K Seasonally adjusted data 6/17 .. 1,039.8K .... 977.8K 5/17 .. 1,035.2K .... 972.4K 6/16 .. 1,028.4K .... 974.9 As you can see, the adjusted data is less sensational in the short run. The longer term is more meaningful; 1,039.8K is the largest the labor force has been since Oct, 2011. The adjustments made to the data are both census related and simple statistical smoothing meant to remove perturbations from students going to or leaing school and Christmas seasonal hires. The adjustments have an historical bias also, with current trends being plotted to continue forever. So far change hasn't shown much in the official census data; but there have been a number of positive signs in Cleveland's numbers. The growth in the labor force is one. The two-years-in-a-row growth in CMSD enrollment is another. The most recent "moving van survey" said more people are moving to Cleveland than are moving away. The demographic changes in education and income also matter. I think you could make a case that the population decline isn't just slowing, it has reversed although I'm prepared to be disappointed again. Remember: It's the Year of the Snake
August 10, 20177 yr SunTrust Bank expands commercial business with new offices in Cleveland, Cincinnati August 09, 2017 By JEREMY NOBILE SunTrust Banks Inc., the parent company of SunTrust Bank, is the latest big bank hankering for a piece of Cleveland's commercial business. ...However, Cleveland seemingly has become an increasingly attractive market for commercial bankers as of late. California's Bank of the West announced the opening of a Cleveland loan office in June, for instance. And Citizens Bank, one of the largest banks in Northeast Ohio, recently acquired Cleveland M&A advisory firm Western Reserve Partners — specifically targeting the business because of an interest to grow its capital markets offerings — and named its founder, Ralph Della Ratta, Ohio market president. Meanwhile, on the smaller end of the banking spectrum, Sandusky's Civista Bank recently opened a loan production office here, while Geauga Savings Bank has moved its headquarters from Newbury to Beachwood. Each has stated motivations for seeking out commercial business in the lower middle market around Greater Cleveland. MORE: http://www.crainscleveland.com/article/20170809/NEWS/170809773/suntrust-bank-expands-commercial-business-with-new-offices-in "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
August 13, 20177 yr Personal View: Historic investment aims to bring opportunity, prosperity August 13, 2017 UPDATED 2 DAYS AGO By RAY LEACH and KIP CLARKE There's no question that Cleveland has been on the upswing in recent years, with our booming culinary and cultural scenes, downtown residency reaching new heights, and even our beloved sports teams enjoying success. But not everyone has benefited from the current boom, and that needs to change. The public, private and nonprofit sectors need to do more to bring economic opportunity to everyone, including those in our city's most underserved neighborhoods. Our corporate community in particular has a unique opportunity — and, we feel, an obligation — to lead by example. That's one reason why on July 31 JumpStart Inc. and KeyBank took a dramatic step forward to deepen our partnership. KeyBank has been JumpStart's most significant single corporate partner in the 13-year history of the organization in terms of funding, board leadership and community engagement. Our partnership has helped to create more than 11,000 new jobs, and had $1.5 billion in economic impact in Ohio in 2016 alone — $150 million of which was created by minority entrepreneurs. MORE: http://www.crainscleveland.com/article/20170813/NEWS/170819952/personal-view-historic-investment-aims-to-bring-opportunity "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
August 13, 20177 yr "Our partnership has helped to create more than 11,000 new jobs...in 2016 alone." That's very impressive--especially when compared to the numbers Waltermire's TeamNeo used to put out---stuff like 60 or 70 jobs the previous year.....(not that low, but you get the picture!)
August 13, 20177 yr There's a nice surprise in Crain's list of the 100 largest employers; actually there are several, but I like this one. Arconic, a splitoff from Alcoa, had a 15% employment increase locally, from 2000 to 2300. Cleveland has often been on the losing side of these corporate shuffles, but not this time. Previously two divisions of the company were local, now four operating divisions are headquartered here. Remember: It's the Year of the Snake
August 14, 20177 yr There's a nice surprise in Crain's list of the 100 largest employers; actually there are several, but I like this one. Arconic, a splitoff from Alcoa, had a 15% employment increase locally, from 2000 to 2300. Cleveland has often been on the losing side of these corporate shuffles, but not this time. Previously two divisions of the company were local, now four operating divisions are headquartered here. Also, pretty cool, Alcoa's HQ in France publicly noted Cleveland as its most efficient plant last week.
August 14, 20177 yr There's a nice surprise in Crain's list of the 100 largest employers; actually there are several, but I like this one. Arconic, a splitoff from Alcoa, had a 15% employment increase locally, from 2000 to 2300. Cleveland has often been on the losing side of these corporate shuffles, but not this time. Previously two divisions of the company were local, now four operating divisions are headquartered here. Aronic, headquartered in Pittsburgh, unfortunately was the company that supplied the flammable panels to the high-rise apartment building in London that caught fire. They have the old Alcoa plant at 1600 Harvard Ave in Newburgh Heights. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
August 14, 20177 yr There's a nice surprise in Crain's list of the 100 largest employers; actually there are several, but I like this one. Arconic, a splitoff from Alcoa, had a 15% employment increase locally, from 2000 to 2300. Cleveland has often been on the losing side of these corporate shuffles, but not this time. Previously two divisions of the company were local, now four operating divisions are headquartered here. Aronic, headquartered in Pittsburgh, unfortunately was the company that supplied the flammable panels to the high-rise apartment building in London that caught fire. They have the old Alcoa plant at 1600 Harvard Ave in Newburgh Heights. KJP aka Buzz Killington
August 14, 20177 yr There's a nice surprise in Crain's list of the 100 largest employers; actually there are several, but I like this one. Arconic, a splitoff from Alcoa, had a 15% employment increase locally, from 2000 to 2300. Cleveland has often been on the losing side of these corporate shuffles, but not this time. Previously two divisions of the company were local, now four operating divisions are headquartered here. Aronic, headquartered in Pittsburgh, unfortunately was the company that supplied the flammable panels to the high-rise apartment building in London that caught fire. They have the old Alcoa plant at 1600 Harvard Ave in Newburgh Heights. KJP aka Buzz Killington 8-) "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
August 14, 20177 yr Aronic, headquartered in Pittsburgh ... It's actually headquartered in New York, which was done at the whim of the recently dismissed CEO Klaus Kleinfeld. With him gone, the company could return to Pittsburgh, which would be a whole lot cheaper than NYC. There's no reason for an industrial company to pay New York prices for a headquarters. Remember: It's the Year of the Snake
August 16, 20177 yr Aronic, headquartered in Pittsburgh ... It's actually headquartered in New York, which was done at the whim of the recently dismissed CEO Klaus Kleinfeld. With him gone, the company could return to Pittsburgh, which would be a whole lot cheaper than NYC. There's no reason for an industrial company to pay New York prices for a headquarters. Or Cleveland, though your argument could apply as much for downtown and the suburbs. Arconic has the forging plant on Harvard (and some casting still I think), a recycling plant in Barberton, and what used to be Howmet Tempcraft off the Shoreway. We did a lot of work for them at Areway, machining and finishing. I'm not sure how they got anything done though, the time spent in meetings was ridiculous.
August 16, 20177 yr Arconic has the forging plant on Harvard (and some casting still I think), a recycling plant in Barberton, and what used to be Howmet Tempcraft off the Shoreway. We did a lot of work for them at Areway, machining and finishing. I'm not sure how they got anything done though, the time spent in meetings was ridiculous. The monster forge kept them from closing the plant a couple of times; DoD told them to keep it running. Remember: It's the Year of the Snake
August 17, 20177 yr Arconic has the forging plant on Harvard (and some casting still I think), a recycling plant in Barberton, and what used to be Howmet Tempcraft off the Shoreway. We did a lot of work for them at Areway, machining and finishing. I'm not sure how they got anything done though, the time spent in meetings was ridiculous. The monster forge kept them from closing the plant a couple of times; DoD told them to keep it running. They do a decent number of automotive wheels there too. Forged there, machined at JR or Areway, finished at Areway.
August 18, 20177 yr BLS released their July Jobs and Employment data summaries by state today If the preliminary data holds July 2017 saw the most July jobs in the Cleveland-Elyria region since 2002. This would mark the first month where the area recovered all the job losses from the Great Recession of the late 2000s. Unemployment is still well above the national average at 6.6%. Job growth saw a decent y-o-y increase of 1.3% which was above the state average of 0.9%.
August 24, 20177 yr Cleveland's emerging #virtualreality scene could put our city on the map as a future #tech hotspot: https://t.co/AIFqlmBOHv "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
August 25, 20177 yr Here is the confirmation story on Amazon for North Randall http://realestate.cleveland.com/realestate-news/2017/08/amazon_commits_to_north_randal.html
August 25, 20177 yr ^ this is such a big freaking deal. I feel like my opinion of Amazon has drastically changed in the past couple years. My friends who once worked there described Besos as an ornery dictator....but when i see quotes like these jobs will create individual betterment, which creates family betterment, which creates community betterment, makes me feel like damn, they understand there is a greater mission out there. I also am pumped they are lowering whole foods prices to cater to a new crowd. If Im Giant Eagle and Kroger, i am scared
August 25, 20177 yr ^ this is such a big freaking deal. I feel like my opinion of Amazon has drastically changed in the past couple years. My friends who once worked there described Besos as an ornery dictator....but when i see quotes like these jobs will create individual betterment, which creates family betterment, which creates community betterment, makes me feel like damn, they understand there is a greater mission out there. I also am pumped they are lowering whole foods prices to cater to a new crowd. If Im Giant Eagle and Kroger, i am scared I shall dance on the ashes of every Giant Eagle...the worst grocery store in the nation.
August 25, 20177 yr ^ this is such a big freaking deal. I feel like my opinion of Amazon has drastically changed in the past couple years. My friends who once worked there described Besos as an ornery dictator....but when i see quotes like these jobs will create individual betterment, which creates family betterment, which creates community betterment, makes me feel like damn, they understand there is a greater mission out there. I also am pumped they are lowering whole foods prices to cater to a new crowd. If Im Giant Eagle and Kroger, i am scared I shall dance on the ashes of every Giant Eagle...the worst grocery store in the nation. No doubt!
August 25, 20177 yr ^, ^^just curious, what to you guys is an ideal grocery store? I think Giant Eagle is fine.
August 25, 20177 yr ^, ^^just curious, what to you guys is an ideal grocery store? I think Giant Eagle is fine. In my travels, Wegman's (Western NY, PA, NJ) is light years superior to Giant Eagle and most other chains. If you're ever near one, just stop in and check out the prepared foods cafe, complete with live entertainment on weekend nights. And NO self-checkouts. Still 100% human staffed old-school checkers and baggers who are super efficient.
August 25, 20177 yr Love Heinen's. Happy to live 10 min from one of their Chicago stores. Plus I'd rather have my money go to a CLE-based company and not a Pittsburgh-based one.
August 26, 20177 yr Love Heinen's. Happy to live 10 min from one of their Chicago stores. Plus I'd rather have my money go to a CLE-based company and not a Pittsburgh-based one. Heinen's is to NEO Ohio supermarkets what Stadium/Bertman's is to mustard and Hebrew National is to hot dogs and lunch meat. Way ahead. The only problem is they close too early.
August 26, 20177 yr Not to get this thread totally off track. But the giant eagle market districts are pretty cool to shop at. I've been to strongsville and Solon and i prefer the one in Cuy Falls. The best part is the changing beer list at their bar. They carry a lot more unique items and organic than regular stores. I would expect them to start changing over maybe like the Lakewood one over to a MD.
August 26, 20177 yr Not to get this thread totally off track. But the giant eagle market districts are pretty cool to shop at. I've been to strongsville and Solon and i prefer the one in Cuy Falls. The best part is the changing beer list at their bar. They carry a lot more unique items and organic than regular stores. I would expect them to start changing over maybe like the Lakewood one over to a MD. I agree. The one near Arlington in Columbus sounds just like the Wegeman's described above. I'm not as impressed as I thought I would be with Heinen's.
August 26, 20177 yr Amen...830 here. Good for the employees I suppose 830 everywhere. Downtown it's 9.00pm everyday. Not much of a difference I know. They changed it fairly recently and extended evening hours at the downtown store. Before that it closed at 8-8.30pm and 6pm on a Sunday which was crazy early for an urban area where people we just getting home after a day out somewhere. My hovercraft is full of eels
August 26, 20177 yr Amen...830 here. Good for the employees I suppose 830 everywhere. Downtown it's 9.00pm everyday. Not much of a difference I know. They changed it fairly recently and extended evening hours at the downtown store. Before that it closed at 8-8.30pm and 6pm on a Sunday which was crazy early for an urban area where people we just getting home after a day out somewhere. Hell, I can remember when the unions insisted all Cuyahoga County grocery stores closed by 6pm daily and didn't open at all on Sunday. This was when there were a lot more stay at home moms though. Eventually the southern suburban stores were losing so much business to the Summit County stores they had to play hardball.
August 30, 20177 yr Amazon project in North Randall wins estimated $7.8 million Ohio job-creation tax credit :clap: NORTH RANDALL, Ohio -- The Ohio Tax Credit Authority approved an estimated $7.8 million job-creation tax credit Wednesday for Amazon, which plans to hire more than 2,000 workers to staff a planned fulfillment center in North Randall. At a meeting in Columbus, the state board signed off on a 1.35 percent, 10-year tax credit tied to the project, an 855,000-square-foot building where workers will pack and ship small items, including books and consumer electronics. Amazon committed last week to a lease deal on the building, which is set to open in late 2018. The facility will gobble up 69 acres of the former Randall Park Mall site at Emery and Warrensville Center roads. The mall, which opened with fanfare in 1976, closed in 2009 and was demolished a few years ago. http://realestate.cleveland.com/realestate-news/2017/08/amazon_project_in_north_randal.html#incart_river_home
August 30, 20177 yr ^^^ Why didn't Cleveland Scene show up to insist that the money goes to "the neighborhoods"?
August 30, 20177 yr Author ^^I wonder what happened to the plan for Euclid Square Mall with the center being opened at Randall. Would two distribution centers be in the region? I was looking forward to something happening with the Euclid site since it's been pretty dead for a while now.
August 30, 20177 yr Amazon often has multiple warehouses in a region - as each may focus on different things, for efficiency. They already have facilities in Twinsburg (sortation center) and Euclid (local delivery center... say people I know... butvdon't see it on the below). So the Randall Park site might be a "large sortable" center while Euclid, if built, might be a "small sortable" center, as,often they are different warehouses. Also, a Prime Now warehouse - for same-day delivery could be an additional facility they may open in area. An interesting list: http://www.mwpvl.com/html/amazon_com.html
August 30, 20177 yr ^^^ Why didn't Cleveland Scene show up to insist that the money goes to "the neighborhoods"? It did. While North Randall isn't a neighborhood in a traditional sense, it is an accessible job center for many low-income Cleveland and inner-ring suburban neighborhoods. I understand the point you were trying to make, but this a very valuable jobs development in a part of the metro area that really needs the low-skill/entry-level jobs. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
August 30, 20177 yr KJP[/member] I was being 100% satirical. I am absolutely smitten with Amazon right now. I cannot remember the last time 2,000 jobs came to NEO in bulk and I am so excited about what it will do to the surrounding area.
August 30, 20177 yr Kind of an interesting site for comparison purposes, although I'm not sure I believe their forecast. They say the Cleveland area will add 5000 apartments by 2030. It seems as it 2500 are under construction or about to be right now. https://www.weareapartments.org/data/metro/cleveland Remember: It's the Year of the Snake
August 30, 20177 yr KJP[/member] I was being 100% satirical. I am absolutely smitten with Amazon right now. I cannot remember the last time 2,000 jobs came to NEO in bulk and I am so excited about what it will do to the surrounding area. No one is allowed to have fun or be humorous. It is against the code of conduct for all public discussions and debates, especially between conservatives like you and liberals like me. It was hereby disallowed. Forbidden! BTW ----> ;) "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
August 30, 20177 yr How big of an area do these fulfillment centers service? They're regional and coded by the airport they serve. Randall Park will likely be coded something like CLE1. The ones in Columbus are coded CMH1 and 2.
August 31, 20177 yr ^^^ Why didn't Cleveland Scene show up to insist that the money goes to "the neighborhoods"? It did. While North Randall isn't a neighborhood in a traditional sense, it is an accessible job center for many low-income Cleveland and inner-ring suburban neighborhoods. I understand the point you were trying to make, but this a very valuable jobs development in a part of the metro area that really needs the low-skill/entry-level jobs. A friend of mine worked briefly at one in Cincy, it's not an easy task. You need a solid work ethic and a lot of stamina.
September 6, 20177 yr How big of an area do these fulfillment centers service? They're regional and coded by the airport they serve. Randall Park will likely be coded something like CLE1. The ones in Columbus are coded CMH1 and 2. The existing Amazon Flex facility in operation on Bluestone Boulevard in Euclid is CLE1
September 6, 20177 yr To the "work ethic" comment above... I have heard that employees at these facilities are monitored by GPS and their footsteps are also counted.
September 6, 20177 yr To the "work ethic" comment above... I have heard that employees at these facilities are monitored by GPS and their footsteps are also counted. This sort of thing only flies after the labor force has reached a certain level of desperation, one that is common to the modern third world or maybe the Victorian era in the West. One step forward, two steps back.
September 6, 20177 yr Law firm is moving back Downtown to be part of the renaissance. http://www.crainscleveland.com/article/20170903/news/134251/fisher-phillips-back-downtown-renaissance?utm_campaign=socialflow&utm_source=twitter&utm_medium=social
September 6, 20177 yr Law firm is moving back Downtown to be part of the renaissance. http://www.crainscleveland.com/article/20170903/news/134251/fisher-phillips-back-downtown-renaissance?utm_campaign=socialflow&utm_source=twitter&utm_medium=social I also posted it in the downtown office developments thread: https://www.urbanohio.com/forum2/index.php/topic,4266.msg872343.html#msg872343 "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
September 7, 20177 yr Anybody interested in redirecting the Cleveland-specific talk about Amazon HQ2 here? Maybe discussing the merits of various locations. Might be fun to fantasize for a minute. The RFP: https://images-na.ssl-images-amazon.com/images/G/01/Anything/test/images/usa/RFP_3._V516043504_.pdf Article from CNN: Amazon wants to open a $5 billion second HQ in North America by Charles Riley @CRrileyCNN September 7, 2017: 6:39 AM ET Amazon has announced plans to open a second headquarters in North America that will employ as many as 50,000 workers. The company announced Thursday that it is searching for a city to host the new "HQ2" facility, which will cost at least $5 billion to construct and operate. http://money.cnn.com/2017/09/07/technology/amazon-second-headquarters/index.html
September 7, 20177 yr How many east coast cities have the land and infrastructure available? The RFP said the first phase would be around 500,000 sqft of office space, with up to 8 million sqft over 10 years. Ironically if Amazon prefers urban areas over greenfield, most Midwest rust-belt cities would have more and cheaper development ready land. Cleveland has several huge areas downtown that are ripe for infill: (1) 20 acres north of Browns stadium, owned by the city, under site control by Cumberland/Tramell Crow. (2) 8 acres of mostly contiguous surface parking in Warehouse Disctrict owned by Weston, plus several more acres under control of few owners, like Stark. (3) 50 acres of brownfield on Scranton Peninsula under control of two owners -- Scranton Averell Trust, and now EWAT Holdings. Plus numerous acres east across the river that was just sold earlier this year. (4) Unknown # of acres along future Opportunity Corridor road. Though this might be difficult due to the number of property owners.
September 7, 20177 yr I posted in the ohio thread that the former Hunting Building and adjacent JHB might work for a first phase with later phases built on the Greyhound site and surrounding parking lots.
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