Business News
Business Expansion News & Releases
Stay informed of recent Cleveland Plus relocations and Northeast Ohio expansion news such as the stories below, plus updates on incentive programs and available sites by subscribing!
| 2008 | 2009 | 2010 |
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Medline Industries Chooses Canton
Monday, March 8, 2010
The new Medline Facility will create 30-35 new jobs with competitive salary and benefit packages within the first three years of operation. In addition, construction of the facility will lead to many more project-based construction jobs. The company and its employees expect to spend an estimated $500,000 annually with area establishments and qualified service providers.Read more...
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Ohio Wins 4th Consecutive Governors Cup
Wednesday, March 3, 2010
This award indicates the diligent efforts of elected officials, economic development professionals and private sector leaders as they work together to retain and attract capital investment in our state. Their efforts to stimulate economic growth have put Ohio on the top for the fourth consecutive year. Read more...
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Team NEO Announces 2009 Results: Nearly $25 Million New Direct Payroll Attracted to Northeast Ohio
Thursday, February 25, 2010
Team Northeast Ohio (Team NEO) today released its 2009 results. The non-profit regional business attraction agent, in partnership with the State of Ohio and local economic development partners, recruited 10 new companies to the 16 counties of Northeast Ohio in 2009, accounting for 874 new jobs, nearly $25 million in new annual payroll, and an estimated total annual regional payroll benefit of $65 million, which includes direct and multiplier job creation. Read more...
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Astro Manufacturing Reinvents Product Line and Contributes to Northeast Ohio's Biomedical Industry
Monday, January 25, 2010
Product development at most companies is an evoluntionary process, but some manufacturers have found the leap to an entirely new product line a profitable move. Read more...
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Northeast Ohio Mirrors Rest of U.S. in Current Recession; Report Indicates Diversifying Industries Positively Impacting Economy
Monday, January 18, 2010
Northeast Ohio is trending closer to the U.S. in this current recession than in the 1981 recession, according to the most recent edition of Team NEO's quarterly Cleveland Plus Economic Review released today. Compared to the 1981 major recession in which Northeast Ohio significantly lagged behind the U.S. in employment and GRP, these indicators in the 16-county Cleveland Plus region of Northeast Ohio are trending closer to U.S. averages in this recession. The Review indicates that this change is likely due to Northeast Ohio's change in industry mix. Nearly 30% of the region's GRP depended on the manufacturing industry in 1981, compared with 12% today. Today, the Cleveland Plus region's economy is more diversified with increases in Healthcare, Headquarters, Professional, Scientific, and Technical Services, and other industries. Read more...