April 8, 20196 yr Yeah---that silly font stood out to me too. Interesting that tonnage out of Toledo is 10x that of CLE. Looks like its mostly coal and agricultural stuff, for which we have zero tons.
April 8, 20196 yr 16 minutes ago, KJP said: I'm seeing what seems to be a growing number of Cleveland businesses leaving for the suburbs. Jakprints moving to Eastlake. Voss moving to Berea. Conveyer & Caster moving to Westlake. Now this (below). What efforts are being put forward by the Jackson Administration to retain these employers? Like I said in another post, I am unsure if it even matters if Cleveland is attempting to retain industrial and warehouse uses. The market is so tight only really the bottom of the barrel properties remain. I mean look at this article, the'yre utilizing an old Sams Club! That should tell you all you need to know. Most of the bottom of the barrel old industrial buildings are in Cleveland, and most should be converted to another use at this point. On the other end of the spectrum it is nice to see how many commercial companies are moving into the city, albeit slowly.
April 8, 20196 yr http://www.cushmanwakefield.com/en/research-and-insight/unitedstates/cleveland-industrial-snapshot Look at quarter 4 of last year. Edited April 8, 20196 yr by KFM44107
April 8, 20196 yr I think this speaks more of working with developers and the courts on converting the vast amount of vacant land into development-ready properties. We know the market is there. Finding 5, 10, 15 acres of undeveloped land in the city isn't the problem. Finding 5, 10, 15 acres of contiguous land in a square or rectangle shape that is fee simple and near a truck route with transit access is very difficult. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
April 9, 20196 yr Lincoln Electric acquires Detroit-based tooling supplier Baker Industries Inc. as part of Lincoln's large-scale metal 3-D printing venture it plans to launch in mid-2019. https://www.crainsdetroit.com/manufacturing/macomb-township-based-tooling-supplier-baker-industries-bought-lincoln-electric
April 15, 20196 yr "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
April 17, 20196 yr Are we losing it in the biomedical front? Bioenterprise just released its "Midwest" investment report which it does each year. Every year, Cleveland and Minneapolis are neck and neck and way above everybody else. Chicago was about 1/10th of Cleveland. NOW, they release the following numbers: • The Midwestern metros that attracted the most investment were Minneapolis ($664 million), Chicago ($551 million), Cleveland ($294 million).... We're 1/3 of Minneapolis AND behind Chicago??? This is cause for alarm. This was our edge and now the issue is buried as 'good news'? Interestingly, you can't get the report like you could in previous years. Or if you can, its not easy to find---I just spent 10 minutes in an endless loop on their website 'clicking here!" for the report that leads to a one page graphic that says 'click here" for the report which leads to a media release to 'clicking here" which leads back to where I started..... Their headline is "INVESTMENT IN MIDWEST HEALTHCARE COMPANIES REMAINS STEADY AT $2.5 BILLION IN 2018, VALIDATING RECORD INCREASE OF 43% IN 2017" when the real story is Cleveland is losing fast to Minneapolis and is now losing to Chicago which was light years behind Cleveland. Since when does anyone in Cleveland care about "midwest" biomedical investment? If BioEnterprise's numbers are accurate, we have real cause for alarm. https://www.bioenterprise.com/investment-in-midwest-healthcare-companies-remains-steady-at-2-5-billion-in-2018-validating-record-increase-of-43-in-2017/
April 17, 20196 yr Are these just for 2018? If so, I wouldn't get so doom and gloom without looking at historic data to determine whether or not this is a trend or just the result of some outliers (like a major investment in one year in one metro that isn't indicative of normal growth)
April 17, 20196 yr 1 hour ago, andrew0816 said: Are these just for 2018? If so, I wouldn't get so doom and gloom without looking at historic data to determine whether or not this is a trend or just the result of some outliers (like a major investment in one year in one metro that isn't indicative of normal growth) Well look at you Mr. Statistics! LOL
April 17, 20196 yr I think Cleveland is doing ok when you look at 2018 versus the previous two years. Also a large number of companies receiving investments (second only to Minneapolis)
April 17, 20196 yr 8 hours ago, joerunnin13 said: I think Cleveland is doing ok when you look at 2018 versus the previous two years. Also a large number of companies receiving investments (second only to Minneapolis) Joerunnin13--thanks for posting the data. You said, "I think Cleveland is doing ok when you look at 2018 versus the previous two years." If there were no other cities in the word, then yes. But that's not the case. Taking out 2014 which may be an outlier for CLE, look at the growth from 2015 to 2018: Minn 59% Chic 154% CLE 46% Col 48% We losing and losing. Even little Columbus is growing faster than us. How embarrassing will it be when Columbus surpasses us in the thing we say we're one of the nation's leader in? Its bad enough that Chicago has passed us, but Columbus, Ohio?
April 18, 20196 yr A question of opportunity: Report from Fed banks in Cleveland, Philadelphia examines job prospects for adults without college degrees Cleveland and Akron score relatively well in a new Federal Reserve report that examines "opportunity employment" — the availability of jobs that do not require a four-year college degree but give workers the chance to earn more than the national annual median wage of $37,690. https://www.crainscleveland.com/government/question-opportunity-report-fed-banks-cleveland-philadelphia-examines-job-prospects "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
April 18, 20196 yr On 4/16/2019 at 6:43 PM, Pugu said: Every year, Cleveland and Minneapolis are neck and neck and way above everybody else. Chicago was about 1/10th of Cleveland. NOW, they release the following numbers: On 4/16/2019 at 9:18 PM, joerunnin13 said: I Neck and neck with Minneapolis? Not since 2014. And it looks like Chicago has been quite a bit bigger than Cleveland since 2014, too. Not knowing much about the bio-tech/medical sector specifically, it appears Cleveland is in a pretty good place compared to its Midwestern peers. The top 10 regions are highly variable, and I'm guessing very influenced by one time deals, mergers, etc. You have St. Louis going from $242 in 2016 to just $44 in 2017. Cincinnati had an amazing 2017, but shrunk back down to its more normal (but growing) range in 2018. Cleveland, however, seems to be pretty consistent, which seems to indicate that the market is diversified and not driven by one dominant company, though I know the Clinic is responsible for the vast majority of the other related companies in the area. Other than the large drop off from 2014-15, the Cleveland market hasn't experienced dramatic change, and the number of companies has shown a steady, continual growth since 2015. Maybe I'm missing something, but I don't see anything too alarming here. Btw, saying Columbus, Ohio on an Ohio development site, discussing numbers related to midwest metro economic performance is unnecessary. You know that, of course, but just wanted to point out that it comes across as petty and juvenile ?
April 19, 20196 yr ^The alarm is this---the only "Midwestern peer" Cle has in this field is Minneapolis. No others. An not really Chicago. And Minneapolis is kicking our butt. And Chicago, which was comparable to CLE in 2015, has been growing steadily as well (remove the 2017 outlier) and at a much faster rate than CLE. So instead of CLE being the strongest place or at least 2nd, its now 3rd, and at rate to be much smaller than #1 or #2. Money flows to the biggest places. Once we're off the grid, we're off the grid. That's the alarm. "Btw, saying Columbus, Ohio on an Ohio development site, discussing numbers related to midwest metro economic performance is unnecessary. You know that, of course, but just wanted to point out that it comes across as petty and juvenile." You missed the point. "Ohio" was like adding italics for emphasis in this case---to point out the magnitude of the alarm.
April 19, 20196 yr ^Minneapolis isn't really a peer in this space. It's a national center of healthcare ventures, with some very big players. The numbers quoted above look pretty darn good for CLE, IMHO.
April 19, 20196 yr On 4/8/2019 at 4:08 PM, KFM44107 said: Most of the bottom of the barrel old industrial buildings are in Cleveland, and most should be converted to another use at this point. On the other end of the spectrum it is nice to see how many commercial companies are moving into the city, albeit slowly. What other use would you propose? Keeping in mind CERCLA.
April 22, 20196 yr Author I don't know how much faith anyone can have in the BLS numbers for Cleveland anymore since last year's revision... however, the March numbers are out. Best March since '02, at least for now.
April 30, 20196 yr Arconic today announced that BOTH of its surviving companies will be headquartered in Pittsburgh. I really thought Cleveland had a shot at getting the engineered products segment. Remember: It's the Year of the Snake
May 2, 20196 yr With Craft Breweries and a $5.6 Billion Biomedical Sector, Ohio's 'Mistake on the Lake' Is on the Upswing Inc.'s No. 48 Surge City is as bullish on medical startups as it is on its new wave kraut and beer. By Jill KrasnyFreelance writer@jillkrasny Technology and food incubators are just two of the reasons Cleveland, a Rust Belt city, is booming. Here's everything you need to know about its startup scene, from the most interesting up-and-coming startups, to where to rub elbows over cayenne-infused juice or a Singapore Sling. https://www.inc.com/magazine/201905/jill-krasny/cleveland-ohio-entrepreneurship-scene-startup-neighborhoods-business-city.html
May 5, 20196 yr The good news is that Cleveland's industrial market is reaching "momentous" milestones, not just for historically low vacancy rates but also for rental rates.... http://www.ngkf.com/Uploads/FileManager/1Q19-Cleveland-Industrial-Market.pdf "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
May 5, 20196 yr On 5/2/2019 at 8:55 AM, MuRrAy HiLL said: With Craft Breweries and a $5.6 Billion Biomedical Sector, Ohio's 'Mistake on the Lake' Is on the Upswing Inc.'s No. 48 Surge City is as bullish on medical startups as it is on its new wave kraut and beer. By Jill KrasnyFreelance writer@jillkrasny Technology and food incubators are just two of the reasons Cleveland, a Rust Belt city, is booming. Here's everything you need to know about its startup scene, from the most interesting up-and-coming startups, to where to rub elbows over cayenne-infused juice or a Singapore Sling. https://www.inc.com/magazine/201905/jill-krasny/cleveland-ohio-entrepreneurship-scene-startup-neighborhoods-business-city.html That's positive coverage, but the city is 48th? That's highly UNimpressive.
May 12, 20196 yr Northeast Ohio may finally get its due from JobsOhio At the May 2 annual meeting of Team NEO, JobsOhio's regional business development partner, DeWine told 300 business and civic leaders that he intends to listen to the needs of local communities and pointed to the importance of Northeast Ohio. "You know that 40% of the economy of the state comes from Northeast Ohio," he said. "So how Northeast Ohio goes, so goes Ohio." Husted, McCarthy added, told the mayors that "cities are where a lot of the economic development action is going to be, and we have to work together to make sure that growth is capitalized on." https://www.crainscleveland.com/government/northeast-ohio-may-finally-get-its-due-jobsohio
May 15, 20196 yr Tax levels aren’t the right measure in GCP’s tired - and misleading - case against local taxes: Zach Schiller (Opinion) https://www.cleveland.com/opinion/2019/05/tax-levels-arent-the-right-measure-in-gcps-tired-and-misleading-case-against-local-taxes-zach-schiller-opinion.html "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
May 19, 20196 yr I know we shouldn’t put too much stock in it after last year, but its still worth noting that the bls numbers for April showed the lowest unemployment rate for any month in Cleveland since 2001! https://www.bls.gov/eag/eag.oh_cleveland_msa.htm Edited May 19, 20196 yr by cle_guy90
May 19, 20196 yr 15 hours ago, cle_guy90 said: I know we shouldn’t put too much stock in it after last year, but its still worth noting that the bls numbers for April showed the lowest unemployment rate for any month in Cleveland since 2001! https://www.bls.gov/eag/eag.oh_cleveland_msa.htm I trust the employment numbers more than the unemployment ones. April employment exceeded 1 million, which happened only in the peak month July last year. Remember: It's the Year of the Snake
May 22, 20196 yr Investments in cleveland. https://www.news5cleveland.com/news/originals/investments-in-cleveland-grow-to-retain-talent-graduates
May 22, 20196 yr The last part of that video though "How pro technology and pro innovation our state government is" is dubious. Innovating is also advancing social issues. NE Ohio should certainly not rely on the lopsided GOP State Govt to provide progress in in that regard.
May 22, 20196 yr 1 minute ago, metrocity said: . Innovating is also advancing social issues No, it really isn't There may or may not be a correlation. But they are not the same thing. Especially since everyone has a different definition of what that means.
May 22, 20196 yr Good public transportation, Planned Parenthood, Abortion Rights, LGBQT Rights, Environmental Policies...all pretty much fit this definition as innovative. Whether it was innovative 100 years ago, 50 years ago or today. Ohio is not innovative in this realm anymore. It needs to be. Innovating: to introduce changes and new ideas Edited May 22, 20196 yr by metrocity
May 22, 20196 yr 10 hours ago, E Rocc said: No, it really isn't There may or may not be a correlation. But they are not the same thing. Especially since everyone has a different definition of what that means. I completely agree with you E-Rocc. It’s presumptuous to say innovation is “advancing” social issues because that presumes that we all agree on the issues that should be advanced. That’s a top down, presumptuous mentality. And when we hear about what social issues need to be advanced, we almost always hear liberal ones, exclusively. Well the city of Cleveland is 53 percent black and 10 percent Hispanic. (I am in one of those groups). Check Pew Research. Those are not two particularly doctrinaire liberal groups, regardless of voting patterns. I GUARANTEE you many members of those groups would have different views on what social issues should be “advanced” and it may not be in agreement with some of the ones mentioned here. Don’t presume everyone agrees with you on everything. Ok, off the soapbox now lol
May 23, 20196 yr On 5/22/2019 at 9:26 AM, inlovewithCLE said: I completely agree with you E-Rocc. It’s presumptuous to say innovation is “advancing” social issues because that presumes that we all agree on the issues that should be advanced. That’s a top down, presumptuous mentality. And when we hear about what social issues need to be advanced, we almost always hear liberal ones, exclusively. Well the city of Cleveland is 53 percent black and 10 percent Hispanic. (I am in one of those groups). Check Pew Research. Those are not two particularly doctrinaire liberal groups, regardless of voting patterns. I GUARANTEE you many members of those groups would have different views on what social issues should be “advanced” and it may not be in agreement with some of the ones mentioned here. Don’t presume everyone agrees with you on everything. Ok, off the soapbox now lol This, and it frustrates the hell out of me that a lot of the "conservatives" don't get this either. That's all I'll say on this thread.
May 23, 20196 yr 18 minutes ago, E Rocc said: This, and it frustrates the hell out of me that a lot of the "conservatives" don't get this either. That's all I'll say on this thread. I am with you guys as well... here's where I get frustrated with my conservatives. Liberals are pushing an agenda for climate change that imo will have substantial economic impact in the negative. Instead of coming up with our own, more pro-growth, plan to combat climate change, we say it doesn't exist and ignore it.
May 23, 20196 yr 2 minutes ago, YABO713 said: I am with you guys as well... here's where I get frustrated with my conservatives. Liberals are pushing an agenda for climate change that imo will have substantial economic impact in the negative. Instead of coming up with our own, more pro-growth, plan to combat climate change, we say it doesn't exist and ignore it. I am about as middle of the road as you get, which in this day and age, at least from a media perspective, doesn't exist. If liberals take one stance, conservatives must take the polar opposite or else; and vice versa. Immigration is a great example of an issue that was handled much differently in the early 90's and has become extremely polarizing since.
May 27, 20196 yr Investments in Cleveland grow to retain talent, graduates “If you look at San Francisco or New York city, they always talk about building a start-up out of a garage,” Lewis said. “Well now, that garage costs a million dollars. But in Cleveland, Ohio, you could do it for relatively low-cost. There is great talent here and there’s money here, there’s capital here.” https://www.news5cleveland.com/news/originals/investments-in-cleveland-grow-to-retain-talent-graduates "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
May 28, 20196 yr Innovest Global a young company in Chesterland released its 1st Quarter earnings. The news is they had some earnings, for the first time, on a 1,585% sales increase. They are going to need some additional capital to keep growing, but capital seems to be available lately. They are a little guy pursuing Transdigm's strategy. (Disclosure: it's a penny stock and I own a few shares.) https://www.businesswire.com/news/home/20190528005332/en/11.7-Million-Net-Sales-Q1-2019-Headlines Remember: It's the Year of the Snake
May 28, 20196 yr As a co-owner, you could use your influence to encourage them to relocate their offices to downtown Cleveland. ? "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
May 28, 20196 yr 39 minutes ago, KJP said: As a co-owner, you could use your influence to encourage them to relocate their offices to downtown Cleveland. ? At this stage of their life, I think they are avoiding taxes. I cited their presser because it annoys me that the PD and Grain's are so poor at covering area businesses with story to tell. Even Crain's, which used to love Innovest-type stories, is wasting more and more ink on politics. Remember: It's the Year of the Snake
May 28, 20196 yr CapitalWorks acquires Mentor's Libra Industries https://www.crainscleveland.com/finance/capitalworks-acquires-mentors-libra-industries "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
June 1, 20196 yr FWIW.... How does Cleveland rank against Columbus, Pittsburgh for becoming the nation’s next tech hub? By Emily Bamforth, cleveland.com CLEVELAND, Ohio -- The authors of “Jump-Starting America” think boosting the nation’s economy means investing billions of dollars in technology hubs -- but not Silicon Valley, New York City, Boston and Seattle. Among the top 10 cities for potential growth: Cleveland. MORE: https://www.cleveland.com/news/2019/05/how-does-cleveland-rank-against-columbus-pittsburgh-for-becoming-the-nations-next-tech-hub.html "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
June 10, 20196 yr Good news!! Food and beverage manufacturing in Northeast Ohio has increased by 85%. Discover how this growth is being fueled by technological advances in this quarterly economic review. https://www.clevelandplus.com/teamneo/news-press-and-updates/northeast-ohio-food-and-beverage-gross-regional-product-grows-85-percent/ "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
June 12, 20196 yr I would imagine a great deal of that growth has been with all of the breweries opening up in the city. I feel that brewing is taking on the roll that manufacturing had (albeit on a smaller scale) in that they can provide decent jobs to folks without the need for extensive education.
June 12, 20196 yr Xellia continues to invest here. JobsOhio May Awards https://www.jobsohio.com/wp-content/uploads/2019/06/JobsOhio-May-2019-Metrics.pdf Recent article about moving production to Cleveland https://www.biospace.com/article/xellia-pharmaceuticals-divests-raleigh-north-carolina-production-facilities-to-sagent-pharmaceuticals/
June 15, 20196 yr "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
June 15, 20195 yr "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
June 16, 20195 yr Breaking through these limitations, McShepard asserts, takes a leader with a combination of key traits: credibility in the community, the civic world and business; knowledge of the issues facing Cleveland; a track record of delivering on projects and initiatives; an appetite for leadership and the autonomy to speak and act freely on behalf of the community without fear of reprisal or professional repercussion. This statement leaves out being black as a prerequisite. Perhaps I’m too idealistic but this notion that your skin color determines your worth or credibility is really depressing.
June 16, 20195 yr Was this McShepard guy paid for this report? All generalizations and now, of course, the Russians are blamed for blacks not voting for Hillary...lol. You can’t make this stuff up. Oddly, no mention of black flight. with current inept black leadership like U.S. Rep Marcia Fudge, Frank Jackson, Ken Johnson, Jeff Johnson, and soon to be mayor Zach “King of the Warhouse District” Reed, it can only be blamed on the Russians I suppose. From the black optimism of the ‘70s Chocolate City Movement to friggin’ Fudge, Jackson, the Johnsons, and Reed. What a disaster. Honorable mention to Lance Mason. Let me guess, these “programs” will be sponsored by “community groups” funded by taxpayers. See also Reggie Rucker and his non-profit (except for him personally) Cleveland Peacekeepers Alliance among others. Now we have “leadership” programs. Edited June 16, 20195 yr by Oxford19
June 16, 20195 yr 2 hours ago, surfohio said: Breaking through these limitations, McShepard asserts, takes a leader with a combination of key traits: credibility in the community, the civic world and business; knowledge of the issues facing Cleveland; a track record of delivering on projects and initiatives; an appetite for leadership and the autonomy to speak and act freely on behalf of the community without fear of reprisal or professional repercussion. This statement leaves out being black as a prerequisite. Perhaps I’m too idealistic but this notion that your skin color determines your worth or credibility is really depressing. I agree. Disenfranchisement based on race is depressing.
Create an account or sign in to comment