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2009 Team NEO State of the Region Event

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Team NEO
Team NEO

The document summarizes a Team Northeast Ohio event on the state of the region. It includes presentations on economic updates, business investment trends in Northeast Ohio, and a discussion between mayors of major cities in the region. Business attraction efforts have had some successes but the region still faces challenges in transitioning its economy and reducing unemployment disparities with the national average. Regional collaboration between communities is viewed as important for Northeast Ohio's continued economic development.

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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
2009 Team NEO State of the Region Event
Business Investment and Economic Update Tom Waltermire Chief Executive Officer, Team Northeast Ohio
How Well Do You Know the Plus? 1 2 3 17% 53% 30% The Output (Gross Regional Product) for Manufacturing in the past 15 Years in Northeast Ohio has: 1. Grown 2. Remained Stable 3. Declined
NEO Manufacturing Output Stable: Growing Segments
How Well Do You Know the Plus? 1 2 3 4 5 27% 17% 17%17% 23% Compared to 2004, NEO Industrial Vacancy Rate in 2009 is: 1. Much Lower 2. A Little Lower 3. Similar/Comparable 4. A Little Higher 5. A Lot Higher
Industrial Vacancy Lowest in 5 Years
How Well Do You Know the Plus? 1 2 3 4 27% 33% 20%20% How Many Northeast Ohioans Live In One County, but Work in Another? 1. 5% 2. 15% 3. 25% 4. 50%
We Live and Work as a Region
How Well Do You Know the Plus 1 2 3 4 5 20% 20% 27% 17%17% Which Industry Has Grown Faster in Northeast Ohio Than in the Rest of the US? 1. Biomedical 2. Computer/Electronics Manufacturing 3. Scientific R&D 4. None of the Above 5. All of the Above
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
20 NEO Regional Economic Development System
Team NEO: Regional Business Attraction Agent Generate Leads Execute Leads Promote Regional Teamwork 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
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 Objectives 2008 Actual 9/24/09 Actual New Qualified Leads 82 53 Leads to Short List 26 18 New Annual Payroll Added $32 MM $19 MM Pipeline: 17 Active Short List Projects: Potential Payroll of $77 million (1,700 jobs) 
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

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2009 Team NEO State of the Region Event

  • 1. Team Northeast Ohio 2009 State of the Region September 24, 2009
  • 2. Welcome Chris Connor Chairman & CEO, Sherwin-Williams Co. Chairman, Board of Trustees, Team Northeast Ohio
  • 4. Business Investment and Economic Update Tom Waltermire Chief Executive Officer, Team Northeast Ohio
  • 5. How Well Do You Know the Plus? 1 2 3 17% 53% 30% The Output (Gross Regional Product) for Manufacturing in the past 15 Years in Northeast Ohio has: 1. Grown 2. Remained Stable 3. Declined
  • 6. NEO Manufacturing Output Stable: Growing Segments
  • 7. How Well Do You Know the Plus? 1 2 3 4 5 27% 17% 17%17% 23% Compared to 2004, NEO Industrial Vacancy Rate in 2009 is: 1. Much Lower 2. A Little Lower 3. Similar/Comparable 4. A Little Higher 5. A Lot Higher
  • 9. How Well Do You Know the Plus? 1 2 3 4 27% 33% 20%20% How Many Northeast Ohioans Live In One County, but Work in Another? 1. 5% 2. 15% 3. 25% 4. 50%
  • 10. We Live and Work as a Region
  • 11. How Well Do You Know the Plus 1 2 3 4 5 20% 20% 27% 17%17% Which Industry Has Grown Faster in Northeast Ohio Than in the Rest of the US? 1. Biomedical 2. Computer/Electronics Manufacturing 3. Scientific R&D 4. None of the Above 5. All of the Above
  • 12. High Growth Industries Outpacing US
  • 15. Unemployment Gap to US Closing
  • 17. NEO Still Top HQ Region
  • 19. Team NEO: Regional Business Attraction
  • 20. 20 NEO Regional Economic Development System
  • 21. Team NEO: Regional Business Attraction Agent Generate Leads Execute Leads Promote Regional Teamwork 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
  • 22. Partners and Funders The People who Make it all Possible TIMKEN FOUNDATION of Canton
  • 23. 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
  • 24. Business Attraction Remains Strong Objectives 2008 Actual 9/24/09 Actual New Qualified Leads 82 53 Leads to Short List 26 18 New Annual Payroll Added $32 MM $19 MM Pipeline: 17 Active Short List Projects: Potential Payroll of $77 million (1,700 jobs) 
  • 26. 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
  • 27. 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
  • 28. 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
  • 29. 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
  • 31. • California-based global pharmaceutical firm • R&D Center in NEO • 60+ new jobs, $3 million in new, annual payroll • Company chose NEO over California
  • 32. • 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
  • 33. • 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
  • 34. • 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
  • 35. Regional Marketing: A PLUS for Northeast Ohio
  • 36. A Strong Region Starts with Strong Communities Mayors’ Discussion
  • 37. Richard B. McQueen President and CEO Akron-Canton Airport
  • 38. The City of Akron The Honorable Donald L. Plusquellic
  • 40. The City of Canton The Honorable William J. Healy II
  • 41. Rob Reynolds Senior Director – External Affairs AT&T
  • 42. The City of Cleveland The Honorable Frank G. Jackson
  • 44. The City of Youngstown The Honorable Jay Williams
  • 45. 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

Editor's Notes

  • #2: Tom introduce video
  • #15: Need to update with latest -
  • #16: Need to update with latest -
  • #19: See if Charity can do brighter colors – differentiate more
  • #22: Tom
  • #23: Given our targeted cluster approach to lead generation, we have to rely heavily on our partners for their industry knowledge and relationships. We are fortunate to have a number of partnerships that are aiding our efforts to develop and cultivate quality leads and help these clients comprehend the expertise and capabilities NEO has in these select industries. A few examples…. Liquid Crystal Institute… Working with Omeris….bio sciences Our partnership with Polymer Ohio is vital to leveraging our strengths in polymer The exciting Third Frontier award for the development of GCIC
  • #24: Update new #s – add short list – potential results
  • #25: And the
  • #36: Delighted mayors are here Describe what each says Include Canton, say he was called out of town
  • #37: Delighted mayors are here Describe what each says Include Canton, say he was called out of town