Working & Doing Business in Northeast Ohio
With a workforce of 2 million strong, Northeast Ohio boasts $223 billion in gross regional product (GRP), making us the 12th largest economic region in the nation. We’re home to more than 109,000 companies, which operate across a number of diverse and growing industries from health care to manufacturing and more. These growing industries are fueling our economy and creating opportunities across the region.
- Northeast Ohio is a healthcare hub with more than 60 hospitals including the world-renowned Cleveland Clinic and University Hospitals.
- Healthcare employment grew from 149,000 employees in 2000 to about 177,000 in 2014, making healthcare the largest employment growth sector in the region.
- Cleveland’s Health-Tech Corridor (HTC) is a 500,000 square-foot location for biomedical, healthcare and technology companies in proximity to the Cleveland Clinic and University Hospitals, six business incubators, four academic centers, and more than 130 high-tech and health-tech companies.
- The Global Center for Health Innovation showcases healthcare innovation, education and commerce through four floors of showrooms.
- It is estimated that there will be 49,000 job openings in production occupations in the next 10 years.
- From 1990-2015, manufacturing productivity in Northeast Ohio increased 92 percent.
- Greater Cleveland’s economy was built by early 20th century industrial entrepreneurs in the steel and manufacturing sectors, and today entrepreneurs are expanding in sectors from technology to healthcare/biomedical engineering, energy and manufacturing.
- By 2020, it is projected that the region’s shale play will support 146,000 jobs.
- Ohio ranks fourth in the nation in fuel cell development.
- Northeast Ohio has the fifth fastest growing population of workers with advanced degrees, ahead of such “brain gain hubs” as Chicago, Seattle and Austin.
- Northeast Ohio is home to 25 accredited colleges and universities, giving the region a wealth of talent to draw from to support its array of diverse industries.
- Northeast Ohio has the fourth-highest concentration of headquarters employment among the largest metros in the U.S.
- Employment in the region’s headquarters and professional services sector has grown 18 percent – representing about 21,000 new jobs – from 2000 to 2015 and is trending upward.
Media Contact: Rick Batyko, President, Cleveland Plus, RBatyko@clevelandplus.com, 216.363.5417
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