August 27, 201014 yr Cleveland Orchestra performance in Switzerland a chance for Team NEO to conduct business Published: Thursday, August 26, 2010, 5:00 PM Tom Breckenridge, The Plain Dealer CLEVELAND, Ohio -- The Cleveland Orchestra attracts music lovers. Local business leaders hope it can draw some international business to Northeast Ohio. The orchestra and Team NEO, the region's business-attraction group, will host 20 European business executives on Saturday for a performance in Lucerne, Switzerland. The 20 represent companies and industry associations across Europe, mostly manufacturing with a mix of solar power and biomedical interests. The orchestra is on a two-week tour of summer music festivals in Europe. Team NEO is on a two-year quest to attract international investment to the region, launched with a $1 million grant from the Cleveland Foundation. The goal over two years is to land three or four deals with companies that commit to a minimum $1 million investment here and would generate at least 20 jobs over three years, Team NEO officials said. http://www.cleveland.com/business/index.ssf/2010/08/cleveland_orchestra_performance_in_switzerland_a_chance_for_team_neo_to_conduct_business.html
August 28, 201014 yr NorTech pushing for advanced-energy industry growth in Northeast Ohio Published: Saturday, August 28, 2010, 6:00 PM Tom Breckenridge, The Plain Dealer CLEVELAND, Ohio -- Tucked into an industrial park that flanks Interstate 271 is a slice of the region's advanced-energy future. Slurries of green water, replete with algae, bubble and loop inside 40-foot-long troughs, readying for a high-tech process that will yield oil -- the kind that can be converted to bio-diesel or jet fuel. Time, and millions of dollars in state and federal grants, will tell whether Phycal LLC, a Highland Heights-based startup, can scale its biofuel production enough to become a viable advanced-energy company. But Phycal's growth, to 40 employees since 2007, puts it among scores of local companies and institutions that technology leaders say can band together and bite off chunks of the burgeoning market in advanced energy. http://www.cleveland.com/business/index.ssf/2010/08/nortech_pushing_for_advanced-energy_industry_growth_in_northeast_ohio.html
August 28, 201014 yr I wish them luck; but I fear as soon as people actually start making money on making fuel out of algae someone is going to come along and kill off all the little fish in the pond with a plume of patent lawsuits.
September 2, 201014 yr Author And the PD once again puts a negative slant on a positive story... Greater Cleveland is a great place to find a job -- really Published: Thursday, September 02, 2010, 4:18 PM Updated: Thursday, September 02, 2010, 6:35 PM Plain Dealer business staff Plain Dealer business staff Never mind all that talk about people out of work. Greater Cleveland is a great place to find a job, two websites contend. That's right. We finally rate high in a survey, and it's not about our waistlines. Juju, a job-search site, lists Cleveland as the 14th-best place to look for work among 50 major cities. Careercast, a similar site, places Cleveland at No. 9 of 30. More at: http://www.cleveland.com/business/index.ssf/2010/09/greater_cleveland_is_a_great_p.html
September 3, 201014 yr I probably shouldn't have read the comments. However, it never ceases to amaze me the hate some cleveland.com posters have for the city. According these idiots, the survey is unreliable (true to a certain degree) and Cleveland sucks. The same posters will take a Forbes list and run with it. I've seen positive stories with no comments. It's like these people wait for a negative story. If these people hate the city so much, why do they spend time on cleveland.com making dumb comments?
September 3, 201014 yr ^No reason to get upset. It appears for what ever reason these are the type of people who feel the need to comment on these forums. It would be great if somebody would do a psychology study of these types since it does not seem to be limited to Cleveland.com. If you read the Cincy threads, posters there are always complaining about the needless and mindless negative comments made are the local board which is similar to Cleveland.com. I would imagine that this is a similar trend on these boards across the country. Bottom line...these are not the people you would have fun with at a cocktail party.
September 8, 201014 yr First Federal of Lakewood buys Century Bank of Parma Tuesday, September 07, 2010, 11:18 AM Teresa Dixon Murray, The Plain Dealer LAKEWOOD, Ohio -- First Federal of Lakewood said Tuesday that it is acquiring Century Bank of Parma. The deal resulted from the financial challenges Century Bank is facing, but also could be a harbinger of consolidation among smaller banks as they prepare to cope with new government rules. No layoffs are expected among the banks' combined 275 employees. First Federal has 13 branches and five lending offices. Century has five branches. More at http://www.cleveland.com/business/index.ssf/2010/09/first_federal_of_lakewood_buys.html clevelandskyscrapers.com Cleveland Skyscrapers on Instagram
September 13, 201014 yr Just to remind everyone of the continuing diversification of our economy and demand for white-collar workers... Consulting powerhouse seizes area’s potential PricewaterhouseCoopers’ management appointments reflect expansion plans here By MICHELLE PARK 4:30 am, September 13, 2010 This global name is bringing talent to — and keeping talent in — Cleveland. Professional services giant PricewaterhouseCoopers LLP has promoted Bob Saada to managing partner for the firm’s Lake Erie market amid plans to add at least 50 employees to its Cleveland office. http://www.crainscleveland.com/article/20100913/SUB1/100919977 .... The rest of the article requires a subscription, but there are a few good quotes worth posting: "PricewaterhouseCoopers views the region as one of its highest potential growth markets, said Jay L. Henderson, who oversees six of the firm’s markets, including Lake Erie. Where there is growth, there is potential for the company to expand its services, he said. This market is not the obsolete Rust Belt many perceive it to be, Mr. Saada said." and "To that end, Pricewaterhouse-Coopers has positioned three key executives — Mr. Saada included — in Cleveland and plans to add over the next six months more than 50 jobs to the local office, which already employs 325 to 350. If need be, some positions will be filled by employees who move from other PricewaterhouseCoopers offices, Mr. Saada said. The company will hire across its tax, advisory and assurance services; likely job candidates will include MBAs, certified public accountants and lawyers, Mr. Saada said." ... PWHC's Cleveland office is located in 200 Public Square. Nice little boost for downtown! :clap:
September 13, 201014 yr 50 new jobs to Cleveland is great, but I'm more excited about the potential the PricewaterhouseCooper sees in the region.
September 13, 201014 yr 50 new jobs to Cleveland is great, but I'm more excited about the potential the PricewaterhouseCooper sees in the region. yeah me too. overall, really really great news for downtown and cleveland as a whole.
September 15, 201014 yr Cleveland: As interest in film making grows, so do jobs CLEVELAND -- The Film Tax Credit for Ohio is helping make the state an ideal backdrop for many film makers. Meanwhile at Cuyahoga Community College, more students are hoping to get into the industry. Bobby Dorrance is studying film making at Tri-C Metro, hoping to become an editor for feature films one day. "I've been given the opportunity to work with professionals on professional film sets. I've even been given the opportunity to work a paying job," Dorrance said of the doors that have opened for him in the past two years. Creative Arts has become so popular a department at Tri-C, the community college built a new, $27 million dollar metro facility that will house classroom space for students in film, theatre, music and other arts programs. Students and faculty gave tours of the new building Monday evening, where the Rock and Roll Hall of Fame Library and Archives will also be stored. http://www.wkyc.com/news/local/story.aspx?storyid=148580&catid=45
September 16, 201014 yr Medical Capital project aims to stretch Northeast Ohio's reputation as health-care powerhouse Published: Wednesday, September 15, 2010, 6:04 PM Kaye Spector, The Plain Dealer CLEVELAND, Ohio -- Northeast Ohio has a serious identity problem when it comes to health care: Only 10 percent of people outside the area associate the region with the medical industry, a recent nationwide survey found. The response will be unveiled today at the City Club of Cleveland. It's called the Medical Capital, an effort by health-care communication professionals to shape the national perception of the region as a powerhouse in the health-care industry. Ultimately, the goal is to bring money, entrepreneurs and established organizations to Northeast Ohio. http://www.cleveland.com/business/index.ssf/2010/09/medical_capital.html
September 16, 201014 yr Really can't believe they picked that terrible name. Wonder if they bothered to google it first.
September 16, 201014 yr Author That article mentioned $835 Million in venture capital since 2003- Great number!
September 16, 201014 yr Really can't believe they picked that terrible name. Wonder if they bothered to google it first. I did and this is just one of the many not so positive things that came up: http://www.medicalcapitalreceivership.com/
September 16, 201014 yr The group found that the region is home to: Twelve of the top 18 medical device manufacturers in the nation. I was not aware of that...
September 24, 201014 yr I'm surprised someone else here hasn't been tracking this: The Cleveland metro's job growth in 2010 is quite strong. Roughly 50,000 jobs have been added since the beginning of the year. In fact, June will be the first month of this year to see monthly year-over-year job growth for the metro, not seasonally adjusted. The unemployment rate is creeping up over 9% again but only because the metro's civilian labor force is growing at a good clip and it looks like people are finding work. http://www.bls.gov/eag/eag.oh_cleveland_msa.htm The Cleveland metro is having a decent rebound in its economy this summer. June year-over-year job growth was revised upward from 0.4% to 0.6%. July year-over-year job growth (preliminary) is at 0.9%. Those figures stand out even more considering that 2/3 of US metros lost jobs on a year-over-year basis in June. Three months of year-over-year job growth: June: 0.6% July: 1.0% August: 0.9% First time Cleveland has had three months of job growth since '06.
September 24, 201014 yr that's great. I just checked a few other cities--NY, Chicago, and LA--and all 3 continue to have losses for the June-July-Aug period.
September 27, 201014 yr Could be interesting... Bulgarian Business Delegations to Head for Chicago, Cleveland Business | September 23, 2010, Thursday BCCI Chair Simeonov (left) with US Ambassador Warlick on Thursday. Photo by BCCI A business delegation of the Bulgarian Chamber for Commerce and Industry (BCCI) will visit Chicago, IL, and Cleveland, OH, in October 2010. This information emerged from Thursday's meeting between US Ambassador James Warlick and the chair of the BCCI, Tsvetan Simeonov. During the meeting, Warlick and Simeonov focused on the needed measures to boost the work of the Bulgarian-American Trade and Economic Council (BATEC), which is a structure of the BCCI. http://www.novinite.com/view_news.php?id=120435
September 27, 201014 yr TransDigm Group is sole Cleveland company in Fortune's fastest-growing list Blog entry: August 19, 2010, 1:21 pm | Author: SCOTT SUTTELL TransDigm Group Inc. is in some pretty nice company. The Cleveland-based supplier of aircraft parts makes Fortune magazine's list of the world's 100 fastest-growing companies, landing at No. 85. Increased defense spending has helped, but the company also has been an aggressive acquirer in recent years. Only one other Ohio company made the list: First Financial Bancorp of Cincinnati, at No. 54. http://www.crainscleveland.com/article/20100819/BLOGS03/100819822 Some more news on these guys.....WHOA TransDigm to buy McKechnie Aerospace Holdings in $1.27 billion deal 9:50 am, September 27, 2010 TransDigm Group Inc. (NYSE: TDG) has inked a definitive agreement to acquire McKechnie Aerospace Holdings Inc., a privately owned supplier of aerospace products, for $1.27 billion in cash. The Cleveland-based aircraft supplier said it expects to finance the acquisition primarily through a combination of senior and subordinated debt. http://www.crainscleveland.com/article/20100927/FREE/100929855
September 28, 201014 yr Besides TransDigm, another Cleveland company I am interested with knowing more about is "Sideways." Here's about their opening up of a New York office location: From the NYC Crain's Business: Digital startup grabs floor in Garment District A young but fast-growing digital media company called Sideways signed a seven-year lease for new space at 212 W. 35th St. With demand surging for the Cleveland-based company’s digital applications for smart phones and digital tablets, Sideways will take on 3,600 square feet, or the entire 15th floor, in the 16-story Garment District building. The asking rent was $30 a square foot. http://www.crainsnewyork.com/apps/pbcs.dll/dcce?Site=CN&Date=20100928&Module=12&Kategori=real_estate&Class=122&Type=deals_active&ID=2509145 Here's some of their work: http://www.prnewswire.com/news-releases/sideways-releases-first-on-device-ipad-magazine-96048319.html Question -- Where the hell are they located in Cleveland??
September 28, 201014 yr Question -- Where the hell are they located in Cleveland?? 1621 Euclid Avenue, Suite 2150.... maybe? They seem mysteriously secretive about their address for whatever reason, but that is what my very brief "investigation" tells me.
September 28, 201014 yr Progressive Corp. plans to hire 260 workers in Cleveland area for call center operations By MICHELLE PARK 11:39 am, September 28, 2010 National insurance giant Progressive Corp. (NYSE: PGR) plans to hire about 260 people at its Cleveland-area phone centers by Jan. 31 — a number that represents more than 10% growth from the approximately 2,000 already employed at the local centers. The Mayfield Village-based company will fill positions in sales, claims and service in Mayfield Village and Mentor. In total, Progressive employs roughly 8,700 in Northeast Ohio, company officials said. The fourth-largest auto insurer in the country and the second-largest in Ohio, Progressive also is planning triple-digit hiring in three other cities: 240 in Tampa, Fla., 200 in Colorado Springs, Colo., and 175 in Austin, Texas, said Lynley Williams, senior recruiting manager for all Progressive phone centers. The company's highest concentration of employees is here. http://www.crainscleveland.com/article/20100928/FREE/100929836
September 28, 201014 yr ^ not that there's much discussion on it, but I already posted it here: http://www.urbanohio.com/forum2/index.php/topic,8329.0.html
September 29, 201014 yr Is that why the one on Euclid closed? that one was always packed, which is why I was confused when I saw they were gone
September 29, 201014 yr Results from the 2009 American Community Survey have just been released. You can download data sets here: http://www.census.gov/acs/www/ Haven't had a chance to review it yet; the NY Times looked at the results for NYC here: http://www.nytimes.com/2010/09/29/nyregion/29census.html?=dbk; but I didn't see a similar analysis done yet by any Cleveland source for Cleveland.
September 29, 201014 yr Is that why the one on Euclid closed? that one was always packed, which is why I was confused when I saw they were gone The one on Euclid closed because the building owner didn't pay to keep electric on in the building.
September 29, 201014 yr Giant Eagle/Huntington Bank: 500 jobs with new venture Chris Tye Updated: 9/29/2010 5:28:37 PM Posted: 9/29/2010 5:15:37 PM CLEVELAND -- Giant Eagle stores have forged a 15-year agreement with Huntington Banks that will create 300 jobs in Northeast Ohio. Starting next year, 103 Giant Eagle supermarkets will open full-scale Huntington branches inside the grocery stores. http://www.wkyc.com/news/local/story.aspx?storyid=151087&catid=3
September 30, 201014 yr ^they'll be leasing a good number of floors, but I'm sure that it'll be well under 50% of building's leasable space
September 30, 201014 yr ^I wonder exactly how much they'll be taking, because last I heard, the building was about 85% occupied. Cliffs took two floors a year or so ago, so who moved/is moving out?
September 30, 201014 yr ^I wonder exactly how much they'll be taking, because last I heard, the building was about 85% occupied. Cliffs took two floors a year or so ago, so who moved/is moving out? This is from the original article in Crains. Don't know if much has changed "The bank plans to move its 200 local headquarters employees to 200 Public Square no earlier than 2010, and possibly in 2011. Huntington committed to a 20-year lease for the sixth and seventh floors of the building's atrium, half of the 11th floor and room for a first-floor branch on the building's Euclid Avenue side. " http://www.crainscleveland.com/article/20081117/FREE/311179989/1022 Article said they're taking 100,000 sf, so based on 1.2MM available (from wikipedia), they'd have roughly 8.3% of total space
September 30, 201014 yr More jobs for Downtown coming from Chase Bank: Chase Hiring New Personnel For Downtown Center Thursday, September 30, 2010 Topics: Economy Chase Bank plans to launch a new mortgage operations center in Cleveland that will employ up to 175 full time employees. ideastream's Bill Rice reports. Chase plans to hold a jobs fair next week for people qualified to serve as closers, processors, underwriters and team managers for its new center in downtown Cleveland. http://www.wcpn.org/WCPN/news/32298
October 4, 201014 yr Keep pumping out those entrepreneurs Cleveland! Cleveland: Twenty-somethings in spotlight for entrepreneurial efforts Amanda Barren CLEVELAND -- Two 23-year-olds are putting Cleveland in the spotlight for their work as entrepreneurs. As a part of its sixth annual list, Bloomberg Businessweek has nominated Rick Arlow and John Knific to a list of 25 most impressive young entrepreneurs under the age of 25. Both young men have their companies based in Cleveland. Arlow is a second-year medical student at Case Western Reserve University. Knific runs his business out of his home in Westlake. The two know each other through networking for their businesses, but both have start-up's that couldn't be more different. Arlow is from New Jersey and has a background as an EMT. He came to Cleveland to attend CWRU. He says the extensive medical community in Cleveland is a huge draw for basing his company here. "We want to take advantage of this community and really come here for the long term and create a new company that helps both the economy here in Cleveland as well as create new products that will help patients worldwide." http://www.wkyc.com/news/local/story.aspx?storyid=151544&catid=45
October 5, 201014 yr Cleveland Ship LLC offers to buy Northrop Grumman Corp.'s shipbuilding unit CLEVELAND, Ohio -- A new company staffed by people left behind by the restructurings of several Cleveland businesses has made a bid to buy the largest military shipbuilding operation in the world. "It's a multibillion-dollar acquisition," Cleveland Ship LLC President and Chief Executive Edward Bartlett said of his newly formed company's bid to buy Northrop Grumman's shipyards in Louisiana, Mississippi and Virginia. Bartlett, a former Eaton Corp. executive who lost his job there when Eaton got out of the marine business, formed Cleveland Ship about three years ago to design new fuel ships for the Navy. Late last year, several former executives of iron ore shipping company Oglebay Norton came on board, as did a former National City and Ernst and Young executive. Cleveland Ship's headquarters are now in Independence, but if the deal goes through, Bartlett said the company has received incentive offers from the city and the state to move its offices to downtown Cleveland. http://www.cleveland.com/business/index.ssf/2010/10/cleveland_ship_llc_offers_to_b.html
October 5, 201014 yr Are Northrop Grumman's shipyards for sale or is this an unsolicited offer by Cleveland Ship?
October 5, 201014 yr ^Hts121--where does it say whether its unsolicited or not? The article says NG didn't want to sell "a portion of its fleet", but it does not mention if the sale of all three is something they are seeking or not.
October 5, 201014 yr From what I can tell, NG announced it was going to close down its Avondale shipyard. CS was looking for somewhere to build its oilers and made a bid. NG respondend in a way that clearly sent the message that it would consider selling its entire fleet without seeming desperate. Just jockeying for position in the bargaining process, I assume.
October 5, 201014 yr From the Richmond, VA article: "The company said it initially had wanted to buy Northrop's shipyard in Avondale, La, but has expanded the offer to buy the entire division. Northrop Grumman said in July that it was studying options for its shipbuilding unit that includes a possible sale or spinoff." http://www2.timesdispatch.com/news/2010/oct/04/shiupgat04-ar-541535/
October 5, 201014 yr If you click on the links in the PD article to NOLA.com and the Richmond paper, they indicate that NG has made it clear that they intend on getting out of the shipbuilding business. So, CS's offer is apparently seizing on that.
October 5, 201014 yr Very, very high-paying jobs in downtown Cleveland and the necessary support staff. The actual construction activities cannot be moved to Cleveland, but high-level management can have there principal offices here.
October 5, 201014 yr Bingo. It's very interesting news, but it's far from meaning anything. I would imagine that multiple bidders would line up for these types of assets. Beyond that, this Cleveland group has a huge hurdle to cross to raise capital ("multi-billion"). So I wouldn't get too far ahead of ourselves.
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