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2009 Team NEO State of the Region Event

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Team NEO welcomed 200+ regional business and civic leaders to our annual State of the Region event, sponsored by Akron-Canton Airport, AT&T and Dominion. The evening began with a "Pop Quiz" to see ...

Team NEO welcomed 200+ regional business and civic leaders to our annual State of the Region event, sponsored by Akron-Canton Airport, AT&T and Dominion. The evening began with a "Pop Quiz" to see how well we know The Plus in Northeast Ohio, then we welcomed four of Team NEO's 25 recruited companies to the region. Finally, the main event was a moderated discussion featuring the mayors of Akron, Canton, Cleveland and Youngstown

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    2009 Team NEO State of the Region Event 2009 Team NEO State of the Region Event Presentation Transcript

    • Team Northeast Ohio 2009 State of the Region September 24, 2009
    • Welcome Chris Connor Chairman & CEO, Sherwin-Williams Co. Chairman, Board of Trustees, Team Northeast Ohio
    •  
    • Business Investment and Economic Update Tom Waltermire Chief Executive Officer, Team Northeast Ohio
    • How Well Do You Know the Plus?
      • Grown
      • Remained Stable
      • Declined
      The Output (Gross Regional Product) for Manufacturing in the past 15 Years in Northeast Ohio has:
    • NEO Manufacturing Output Stable: Growing Segments
    • How Well Do You Know the Plus?
      • Much Lower
      • A Little Lower
      • Similar/Comparable
      • A Little Higher
      • A Lot Higher
      Compared to 2004, NEO Industrial Vacancy Rate in 2009 is:
    • Industrial Vacancy Lowest in 5 Years
    • How Well Do You Know the Plus?
      • 5%
      • 15%
      • 25%
      • 50%
      How Many Northeast Ohioans Live In One County, but Work in Another?
    • We Live and Work as a Region
    • How Well Do You Know the Plus
      • Biomedical
      • Computer/Electronics Manufacturing
      • Scientific R&D
      • None of the Above
      • All of the Above
      Which Industry Has Grown Faster in Northeast Ohio Than in the Rest of the US?
    • High Growth Industries Outpacing US
      • Transitioning Economy
    • Economy: Long-Term Growth; Short-Term Mirroring Nation
    • Unemployment Gap to US Closing
    • Diversifying Economy
    • NEO Still Top HQ Region
    • Bio-Med: 37% Growth/5 Years
      • Team NEO: Regional Business Attraction
    • NEO Regional Economic Development System
    • Team NEO: Regional Business Attraction Agent Team NEO’s Strategic Focus Team NEO advances Northeast Ohio's economy by attracting businesses worldwide to the 16-county Cleveland Plus region.   Team NEO’s Mission Generate Leads Execute Leads Promote Regional Teamwork
    • Partners and Funders The People who Make it all Possible TIMKEN FOUNDATION of Canton
    • 43 Active Leads Generate Impressions NEO Region Economic Development System Close Deal Qualify Leads Qualify NEO Negotiate Deal # qualified leads # short list $Payroll Metrics 53 New 2009 Leads Increasing Local Role
    • Business Attraction Remains Strong Pipeline: 17 Active Short List Projects: Potential Payroll of $77 million (1,700 jobs)  $19 MM $32 MM New Annual Payroll Added 18 26 Leads to Short List 53 82 New Qualified Leads 9/24/09 Actual 2008 Actual Objectives
    • Results
    • Transformational Activity Across Region
      • Cuyahoga/Cleveland
        • Opportunity Corridor Receiving $20M from State of OH; GCP Launches Steering Committee
        • Medical Mart/Convention Center Plans in Place with Team in Region
        • Gordon Square Arts District Opens $7.5M Capitol Theater; District Renovations Anticipated at $55M+ Capital Investment
    • Transformational Activity Across Region
      • Summit/Akron
        • National Polymer Innovation Center: $20M investment to house 10 laboratories
        • PlusOne Communications to add 1,000 new jobs, $5M total investment
      • Stark/Canton
        • Shearer’s Foods: $66 M expansion to add 70 Jobs
        • Rolls-Royce Fuel Cell Systems expanding at Stark State College of Technology
    • Transformational Activity Across Region
      • Lorain
        • Greenfield Solar Corp. to Create 200 New Jobs
        • Immediate Pharmaceutical Services, Inc. to Open New Facility and Add 200 New Jobs
      • Medina
        • Falcon Industries: 350K Sq. Ft. Facility, 45 Jobs
        • $6M Sandridge Food Corp. Expansion, 50 Jobs
      • Youngstown/Warren
        • V&M Star Finalizing $1B Expansion
        • GM Completing $350M Investment in Lordstown
    • Be The Plus
      • Be the Plus:
        • Know the Facts; Be Positive
      • Pass the Plus:
        • Spread Good News to Customers, Employees
      • Build the Plus:
        • Help Team NEO Create In-Region Lead Referrals
        • Assist with Specific Company Site Visits
        • Support the Cleveland Plus Campaign
      • Business Attraction Wins:
      • Welcome to the Plus
      • California-based global pharmaceutical firm
      • R&D Center in NEO
      • 60+ new jobs, $3 million in new, annual payroll
      • Company chose NEO over California
      • Global accounts receivable and call center management company
      • Call center in Middleburg Heights
      • 125 new jobs, $3.1 million in new annual payroll
      • Chose NEO for workforce, strategic location and ease of doing business
      • Galway, Ireland innovator of surgical products
      • US Headquarters in Cleveland
      • 26 new jobs; $1.8 million in new annual payroll
      • Chose NEO for strategic collaborations including Case Western Reserve, the Cleveland Clinic and the Global Cardiovascular Innovation Center
      • Indiana-based specialized steel processor
      • Establishing manufacturing facility in Cleveland
      • $18.5 million in capital investment
      • 60+ new jobs, $3.1 million in new annual payroll
      • Chose NEO for geographic strategic position
    • Regional Marketing: A PLUS for Northeast Ohio
    • A Strong Region Starts with Strong Communities Mayors’ Discussion
    • Richard B. McQueen President and CEO Akron-Canton Airport
    • The City of Akron The Honorable Donald L. Plusquellic
    • Bruce Klink President Dominion East Ohio
    • The City of Canton The Honorable William J. Healy II
    • Rob Reynolds Senior Director – External Affairs AT&T
    • The City of Cleveland The Honorable Frank G. Jackson
    • Mike Hardy Partner Thompson Hine LLP
    • The City of Youngstown The Honorable Jay Williams
    • The Honorable Mayor Donald L. Plusquellic, City of Akron The Honorable Mayor William J. Healy II City of Canton The Honorable Mayor Frank G. Jackson, City of Cleveland The Honorable Mayor Jay Williams, City of Youngstown Moderated by: Tom Waltermire, CEO Team NEO