Report reveals industry changes since 1990 and projections for the next decade November 20, 2017 – Northeast Ohio’s output, or Gross Regional Product (GRP), grew 48 percent from 1990 to 2017, and is projected to grow another 14 percent in the next decade, reports the quarterly Cleveland Plus Economic Review…
Report reveals projected employment increases over the next decade Food and beverage manufacturing employment grew 21 percent in Northeast Ohio from 2007 to 2016, compared to 5 percent nationwide, reports the quarterly Cleveland Plus Economic Review released today by Team Northeast Ohio (Team NEO). This growth is expected to continue…
Region sees 59% growth in biomedical sector from 2000 to 2016 The biomedical industry in Northeast Ohio has grown 59 percent from 2000 to 2016 while other industries remained relatively flat, reports the quarterly Cleveland Plus Economic Review released today by Team Northeast Ohio (Team NEO). “Our biomedical industry benefits from Northeast…
This quarter’s report looks at manufacturing’s role in Northeast Ohio’s economy as the region transitions from traditional manufacturing sectors to advanced manufacturing sectors.
For additional insights from MAGNET, the Manufacturing Advocacy and Growth Network, about NEO’s manufacturing industry, click here.
This quarter’s Cleveland Plus Economic Review takes an in-depth look at the cost of doing business in the 18-county Northeast Ohio region.
Northeast Ohio’s export activity approached $29 billion in 2014, a 16% increase since 2006 and 40% since pre-recession levels in 2009, reports the quarterly Cleveland Plus Economic Review released today by Team NEO.
Northeast Ohio’s rich heritage in manufacturing and rapid growth in the biomedical industry are giving rise to a growing number of job opportunities, benefiting residents, businesses and the region’s economy. Across all segments, the region expects to add nearly 123,000 jobs over the next decade. This represents a 6% increase in total employment, bringing the total workforce to 2.041 million people.
Click here to watch Team NEO’s Jacob Duritsky, VP of Strategy and Research, as he details findings from the report.
Since 2000, Northeast Ohio’s gross regional product (GRP) for headquarters and professional services grew 40% and is predicted to grow another 16% in the coming decade.
From 1990 to 2015, Northeast Ohio’s gross regional product (GRP) for manufacturing grew 17%. Projections say it will grow another 25% over the next decade, to become a $53.3 billion sector of the economy, reports the April 2015 Cleveland Plus Economic Review.
From 1990 – 2015, Northeast Ohio’s gross regional product (GRP) grew 45% and is predicted to grow another 14% by 2025, reports our January 2015 Cleveland Plus Economic Review.