November 27, 20177 yr Per my source in Seattle, whom I saw over the Holiday weekend - About 1/3 of the cities that sent in their information to Amazon will be considered in the second round. This will likely include visits from Amazon staff. Cleveland is likely to make the cut to the second round. If this is true, and I am fairly confident in my cousin (my "source" lol), then this is big for Cleveland. I've often said, the hardest part about getting people to love Cleveland is simply getting them to see it. Interesting. Even making the Round 2 list is positive press for CLE that may cause other companies to consider Cleveland who would otherwise just overlook it when looking at cities.
November 27, 20177 yr Sale price on Residence Inn Cleveland Downtown: $39.6 million. Per Crain's, "Noble, which held the property through NF II Cleveland LLC, paid $15.4 million for it in February 2014." Not sure $15M represents the full compensation, but if so..... If the value went up from $15M to $40M in less than 4 years, then Cleveland must be really hot! That is bonkers. That would be over 120% ROI in 4 years.
November 27, 20177 yr Sale price on Residence Inn Cleveland Downtown: $39.6 million. Per Crain's, "Noble, which held the property through NF II Cleveland LLC, paid $15.4 million for it in February 2014." Not sure $15M represents the full compensation, but if so..... If the value went up from $15M to $40M in less than 4 years, then Cleveland must be really hot! Some part of that must be the prior owner's success in reviving the two arcades; plus you really don't know how much debt transferred as well. Still, it's a nice outcome. Remember: It's the Year of the Snake
November 28, 20177 yr Per my source in Seattle, whom I saw over the Holiday weekend - About 1/3 of the cities that sent in their information to Amazon will be considered in the second round. This will likely include visits from Amazon staff. Cleveland is likely to make the cut to the second round. If this is true, and I am fairly confident in my cousin (my "source" lol), then this is big for Cleveland. I've often said, the hardest part about getting people to love Cleveland is simply getting them to see it. Can we arrange for Mayor Jackson to go on holiday when they do decide to visit? :P
November 28, 20177 yr Per my source in Seattle, whom I saw over the Holiday weekend - About 1/3 of the cities that sent in their information to Amazon will be considered in the second round. This will likely include visits from Amazon staff. Cleveland is likely to make the cut to the second round. If this is true, and I am fairly confident in my cousin (my "source" lol), then this is big for Cleveland. I've often said, the hardest part about getting people to love Cleveland is simply getting them to see it. Can we arrange for Mayor Jackson to go on holiday when they do decide to visit? :P No kidding. I hope there is a competent, knowledgeable and friendly team assembled to welcome the Amazon people when they arrive. This would preclude most people from the mayor's staff.
November 28, 20177 yr Per my source in Seattle, whom I saw over the Holiday weekend - About 1/3 of the cities that sent in their information to Amazon will be considered in the second round. This will likely include visits from Amazon staff. Cleveland is likely to make the cut to the second round. If this is true, and I am fairly confident in my cousin (my "source" lol), then this is big for Cleveland. I've often said, the hardest part about getting people to love Cleveland is simply getting them to see it. Can we arrange for Mayor Jackson to go on holiday when they do decide to visit? :P No kidding. I hope there is a competent, knowledgeable and friendly team assembled to welcome the Amazon people when they arrive. This would preclude most people from the mayor's staff. Hoping that any Amazon visitors also don't find out about or meet with Lance Mason; the former judge who beat the s**t of his wife in front of his kids in a moving vehicle, tossed her out, and was apprehended covered in her blood.
November 28, 20177 yr thanks for painting such a gruesome picture in my head?... Well he currently works at City Hall.
November 28, 20177 yr I have heard Fred Nance is behind the scenes on a lot of this. He's an extremely accomplished African-American male and perhaps the best example of what our city has to offer. If this is true, I believe we're going to be very well represented.
November 28, 20177 yr I have heard Fred Nance is behind the scenes on a lot of this. He's an extremely accomplished African-American male and perhaps the best example of what our city has to offer. If this is true, I believe we're going to be very well represented. Is mentioning someone's race always a necessary component? Nance is a long-time mover-and-shaker. Too bad he didn't run for mayor. He will impress Amazon, if CLE in fact makes the cut. Any idea when the Amazon list starts getting whittled down?
November 28, 20177 yr He sure negotiated a terrible deal with the NFL, and the taxpayers have been paying for it ever since. Otherwise he's pretty accomplished.
November 28, 20177 yr He sure negotiated a terrible deal with the NFL, and the taxpayers have been paying for it ever since. Otherwise he's pretty accomplished. True that. Hopefully he can make up the bad NFL deal by landing Amazon.
November 28, 20177 yr He sure negotiated a terrible deal with the NFL, and the taxpayers have been paying for it ever since. Otherwise he's pretty accomplished. Yeah. He is.... https://www.squirepattonboggs.com/en/professionals/n/nance-frederick-r?explore=recognitions Nonetheless this is merely a rumor at this point. What I am fairly confident in is Cleveland making the next round of cuts. But we shall see.
November 29, 20177 yr Regarding Amazon2, some cities have offered some crazy things--Chicago's is absolutely absurd--handing the company back the income taxes of its employees..... Chicago- has offered to let Amazon pocket $1.32 billion in income taxes paid by its own workers New Jersey offered Amazon $7 billion to build in Newark Fresno wants to give Amazon special authority over how the company’s taxes are spent https://www.linkedin.com/search/results/content/?anchorTopic=75809
November 29, 20177 yr That's crazy. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
November 29, 20177 yr Cleveland: (spoken in a mayor-of-a-small-southern-town-accent....) "We'll let all Amazon employees use our dirtbike track on Thursday afternoons!" Just kidding...I hope. :P ;)
November 29, 20177 yr Considering what some cities are offering to Amazon, perhaps losing is winning this competition. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
November 29, 20177 yr Regarding Amazon2, some cities have offered some crazy things--Chicago's is absolutely absurd--handing the company back the income taxes of its employees..... Isn't that essentially how the JobsOhio tax credits work? I thought it was a rebate based on created jobs.
November 29, 20177 yr Regarding Amazon2, some cities have offered some crazy things--Chicago's is absolutely absurd--handing the company back the income taxes of its employees..... Isn't that essentially how the JobsOhio tax credits work? I thought it was a rebate based on created jobs. No, Ohio's Job Creation Tax Credit credits company taxes, based on employment. This scenario sounds like the City of Chicago is giving Amazon back some of the income tax it is collecting from employees. This is not that uncommon; I've heard of similar scenarios across Ohio. Some cities use it to retain companies after their property tax abatement expires.
November 29, 20177 yr Considering what some cities are offering to Amazon, perhaps losing is winning this competition. It would be nice to finish high, however. It's my personal belief that HQ2 will never reach 50,000 employees nor will it be a true headquarters. The smart thing (for Amazon) might actually be to pick more than one winner. Remember: It's the Year of the Snake
November 29, 20177 yr Considering what some cities are offering to Amazon, perhaps losing is winning this competition. We won't know, because our exact proposal is still in darkness. Which I tend to think is a good thing. In situations where there is massive upside (even if HQ2 only brings 1/2 the employees it promises), that would grow Cleveland's workforce significantly and would be great for accounting firms, housing, banks, etc. etc. Tis better to ask forgiveness than permission.
November 30, 20177 yr A few months ago there was a flurry of news about American Plasma Energy Group reviving a part of the Ford plant in Brookpark. The latest was a press announcement of a workshop on their product expected to be available in early 2018. I don't know if the workshop, scheduled for Nov 15th, ever happened nor whether they ever secured a production facility. Anybody know more? http://itbriefing.net/index.php?name=News&file=article&sid=1111728&theme=Printer]http://itbriefing.net/index.php?name=News&file=article&sid=1111728&theme=Printer Remember: It's the Year of the Snake
November 30, 20177 yr A few months ago there was a flurry of news about American Plasma Energy Group reviving a part of the Ford plant in Brookpark. The latest was a press announcement of a workshop on their product expected to be available in early 2018. I don't know if the workshop, scheduled for Nov 15th, ever happened nor whether they ever secured a production facility. Anybody know more? http://itbriefing.net/index.php?name=News&file=article&sid=1111728&theme=Printer]http://itbriefing.net/index.php?name=News&file=article&sid=1111728&theme=Printer Their LinkedIn says headquartered in Cleveland, OH: https://www.linkedin.com/company/apeg/ Where in Cleveland is another question haha. As pertaining to the workshop, I haven't heard anything.
November 30, 20177 yr Author ^^I was just thinking of this development a couple of days ago. The potential for growth for that company is huge, IMO.
November 30, 20177 yr ^Massive. Their parts will continue to be in demand and will be unaffected by automation with regards to driving.
December 2, 20177 yr Cincinnati law firm Dinsmore & Shohl grabs five IP attorneys from McDonald Hopkins, opens Cleveland office http://www.crainscleveland.com/article/20171201/news/144311/cincinnati-law-firm-dinsmore-amp-shohl-grabs-five-ip-attorneys-mcdonald "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
December 4, 20177 yr November 12, 2017 4:00 am UPDATED 11/16/2017 BoxCast continues to make room for more By KEVIN KLEPS BoxCast hasn't yet taken off, but the tech startup did need only four years to run out of a space at Burke Lakefront Airport. Next month, the company will move to 2401 West Superior Viaduct, a three-story office building within walking distance of the West Bank of the Flats. In winning the support of the Ohio Tax Credit Authority in late September, BoxCast said it expected to create 71 full-time equivalent employees by the end of 2020, and produce $4.26 million in new annual payroll. Within the last couple months, the company — which delivers high-definition streaming services to a wide array of businesses, teams and organizations — has also made a key acquisition, added another notable name to its board, brought in a prominent chief financial officer and inked a distribution deal that puts its products on the resellers market for the first time. MORE: http://www.crainscleveland.com/article/20171112/news/141986/boxcast-continues-make-room-more "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
December 4, 20177 yr A few months ago there was a flurry of news about American Plasma Energy Group reviving a part of the Ford plant in Brookpark. The latest was a press announcement of a workshop on their product expected to be available in early 2018. I don't know if the workshop, scheduled for Nov 15th, ever happened nor whether they ever secured a production facility. Anybody know more? http://itbriefing.net/index.php?name=News&file=article&sid=1111728&theme=Printer]http://itbriefing.net/index.php?name=News&file=article&sid=1111728&theme=Printer Their LinkedIn says headquartered in Cleveland, OH: https://www.linkedin.com/company/apeg/ Where in Cleveland is another question haha. As pertaining to the workshop, I haven't heard anything. John Ferchill's Chairman of the Board and CMO, and he's a big downtown booster IIRC.
December 4, 20177 yr ....Next month, the company will move to 2401 West Superior Viaduct, a three-story office building within walking distance of the West Bank of the Flats. In winning the support of the Ohio Tax Credit Authority in late September, BoxCast said it expected to create 71 full-time equivalent employees by the end of 2020, and produce $4.26 million in new annual payroll...." "2401 West Superior Viaduct" That address doesn't seem right. There's no need for "West" in it, as Superior Viaduct is ONLY west.
December 4, 20177 yr "2401 West Superior Viaduct" That address doesn't seem right. There's no need for "West" in it, as Superior Viaduct is ONLY west. So in 1878, Superior Viaduct became its own separate street across the Cuyahoga River valley on a grand viaduct of stone but with a swing bridge above the river. The portion west of the river was called West Superior Viaduct and the portion east of the river was called East Superior Viaduct. And yes, the east portion also had a couple of buildings from which you could gain entry from the viaduct but had their foundations below and next to the bridge. This was named a separate street likely for two reasons -- to avoid confusion with the parallel West Superior Avenue, that continued down the hill as it had since the city's founding. It was also likely given its own name for real estate development purposes. To have your business located on the first-ever high-level viaduct across the valley was surely something to be proud of and promote. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
December 4, 20177 yr ^That makes since. Also, since some avenues cross Ontario, there is a need to differentiate the name. Hence there is a St. Clair and a West St. Clair, Superior and West Superior, etc. But in the case of "Superior Viaduct" TODAY (for probably all of our lifetimes) ALL of it is west, so no "West " is needed.
December 4, 20177 yr I've never heard it called it West Superior Viaduct before. The street signs only say Superior Viaduct, the businesses and residences list their address as Super Viaduct.
December 4, 20177 yr Some property records still show very old, even vacated street names. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
December 6, 20177 yr November 12, 2017 4:00 am UPDATED 11/16/2017 BoxCast continues to make room for more By KEVIN KLEPS BoxCast hasn't yet taken off, but the tech startup did need only four years to run out of a space at Burke Lakefront Airport. Next month, the company will move to 2401 West Superior Viaduct, a three-story office building within walking distance of the West Bank of the Flats. In winning the support of the Ohio Tax Credit Authority in late September, BoxCast said it expected to create 71 full-time equivalent employees by the end of 2020, and produce $4.26 million in new annual payroll. Within the last couple months, the company — which delivers high-definition streaming services to a wide array of businesses, teams and organizations — has also made a key acquisition, added another notable name to its board, brought in a prominent chief financial officer and inked a distribution deal that puts its products on the resellers market for the first time. MORE: http://www.crainscleveland.com/article/20171112/news/141986/boxcast-continues-make-room-more Oh nice, I've been wondering who was going to move in there. They've completely gutted the place and have been working non-stop for months now. Even on weekends.
December 8, 20177 yr Am I reading this right? Isn't 3rd Fronteir money supposed to go to Ohio companies? Northeast Ohio companies among recipients of $10 million for anti-opioid technologies "The commission awarded the following recipients money, according to a statement: ....Cleveland-based Sober First, doing business as Ascent, snagged $464,000 to bring a web-based, 24-hour hotline for people in recovery..... DeUmbra in Austin, Texas, will receive $860,000 to produce a mobile app that uses artificial intelligence to alert physicians to how susceptible patients are to opioid addiction. Elysium Therapeutics, of Danville, California, was awarded nearly $3 million to commercialize a compound inhibiting opioid absorption when a person takes more than a prescribed dose...." http://www.cleveland.com/open/index.ssf/2017/12/northeast_ohio_companies_among.html
December 14, 20177 yr Progressive Insurance scheduled to hire 7,500-plus employees in 2018 (video) CLEVELAND, Ohio - Progressive Insurance plans to hire more than 7,500 employees in 2018 -- about 1,300 of them in Northeast Ohio. But don't wait until next year to apply for the openings, said Erin Hendrick, manager of recruiting. "We're starting to pickup now, in terms of hiring, for roles that would start in January or February," she said. "The first quarter tends to be a pretty strong hiring period." http://www.cleveland.com/business/index.ssf/2017/12/progressive_insurance_schedule_1.html#comments
December 23, 20177 yr Independence office buildings sell for $24 million to local investor group http://www.cleveland.com/business/index.ssf/2017/12/independence_office_buildings.html "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
December 28, 20177 yr Author The Bureau of Labor Statistics has the preliminary State and Area Employment, Hours, and Earnings figures out for November. Looks as though Cleveland's numbers are almost back to where they were before the Great Recession, but still roughly 80,000 off from where they were in 2000-2002.
January 1, 20187 yr "Of the 33 metros with at least one million jobs, only Cleveland & Detroit have seen slower overall job growth than Pittsburgh since 2000" https://t.co/tl6qUWghUH "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
January 8, 20187 yr http://www.cleveland.com/business/index.ssf/2018/01/cleveland_startup_mr_beams_pur.html#incart_river_index Sorry to see Mr. Beams sell out: I thought they had a "bright" future. I bought a couple of their motion-sensing lights and liked them. No jobs lost, the article promises. Remember: It's the Year of the Snake
January 9, 20187 yr http://www.cleveland.com/business/index.ssf/2018/01/cleveland_startup_mr_beams_pur.html#incart_river_index Sorry to see Mr. Beams sell out: I thought they had a "bright" future. I bought a couple of their motion-sensing lights and liked them. No jobs lost, the article promises. Being bought by a larger company is not "selling out". It's smart business and allows them to grow.
January 9, 20187 yr Selling to a larger company is no guarantee of growth. Acquisitions like this could mean growth happens in the parent company offices instead of locally. But I'd withhold concern until more information comes out.
January 9, 20187 yr Being acquired is selling out? It's loss of local control. No jobs will be lost, says the report, but that's what they always say - at first. Now, it may be that Beams had gone as far as its management could take it; but that's still management's fault. Yep, a sell out. Remember: It's the Year of the Snake
January 9, 20187 yr A good example of what Mendo said: Goodrich was bought out by United Technologies 6 or 7 years ago after the Great Recession. They manufactured a variety of aerospace parts like landing gear for commercial and fighter applications. The plant shut down and was stripped to send the industry to a startup in Texas and Canada. Why would you move a full plant to Texas when you already have an established industry up in Cleveland... Shame for such a well paying job, my dad worked there and now he's stuck making bum pay. Sorry but a sellout doesn't guarantee growth. That same Goodrich plant stands vacant to this day. I don't see any growth happening in there...
January 9, 20187 yr A good example of what Mendo said: Goodrich was bought out by United Technologies 6 or 7 years ago after the Great Recession. They manufactured a variety of aerospace parts like landing gear for commercial and fighter applications. The plant shut down and was stripped to send the industry to a startup in Texas and Canada. Why would you move a full plant to Texas when you already have an established industry up in Cleveland... Shame for such a well paying job, my dad worked there and now he's stuck making bum pay. Sorry but a sellout doesn't guarantee growth. That same Goodrich plant stands vacant to this day. I don't see any growth happening in there... When it was Cleveland Pneumatic, my grandpa and father worked there, as well as the guy who owns the bar I work at. I also interviewed there not long before it shut down. They had a lot of issues and from what I understand poor management labor relations (largely the fault of the former) and if I am not mistaken UT did not buy them until the closure was already announced. In this case the move may have been largely to be closer to customers. That had a lot to do with TRW Aurora’s move.
January 9, 20187 yr http://www.cleveland.com/business/index.ssf/2018/01/cleveland_startup_mr_beams_pur.html#incart_river_index Sorry to see Mr. Beams sell out: I thought they had a "bright" future. I bought a couple of their motion-sensing lights and liked them. No jobs lost, the article promises. If they do move, that would be a shame. I work just down the street and they haven't even been in their facility here very long.
January 9, 20187 yr A good example of what Mendo said: Goodrich was bought out by United Technologies 6 or 7 years ago after the Great Recession. They manufactured a variety of aerospace parts like landing gear for commercial and fighter applications. The plant shut down and was stripped to send the industry to a startup in Texas and Canada. Why would you move a full plant to Texas when you already have an established industry up in Cleveland... Shame for such a well paying job, my dad worked there and now he's stuck making bum pay. Sorry but a sellout doesn't guarantee growth. That same Goodrich plant stands vacant to this day. I don't see any growth happening in there... My guess as to why they moved: tax breaks and a newer facility with more automation. Usually how it goes with manufacturing. TBH, amazed your dad's job wasn't shipped to China. Americans who think we live in a post-industrial world have never visited a Chinese blue collar city.
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