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Team Northeast Ohio State of the Region: A Strong Region Starts with Strong Communities. April 10, 2008. Sponsored By:. Welcome Chris Connor Chairman & CEO, Sherwin-Williams Co. Chairman, Board of Trustees, Team Northeast Ohio.
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Team Northeast Ohio State of the Region:A Strong Region Starts with Strong Communities April 10, 2008 Sponsored By:
WelcomeChris ConnorChairman & CEO, Sherwin-Williams Co.Chairman, Board of Trustees, Team Northeast Ohio
Business Investment and Economic Update Tom WaltermireChief Executive Officer, Team Northeast Ohio
Agenda • Team NEO and Economic Update Tom Waltermire • Cleveland Plus Update Don Misheff • New Investment Recognition Chris Connor • Mayoral Addresses • City of Cleveland Honorable Frank Jackson • City of Youngstown Honorable Jay Williams • City of Canton Honorable William Healy • City of Akron Honorable Don Plusquellic • Discussion Tom Waltermire, Moderator • Meeting Adjourned
About Team NEO • Increase high quality, targeted lead flow and execute effectively to improve close rate • Joint Venture of larger regional chambers • Serve and Promote 16 County Region • Lead ED marketing to targeted audiences • One user friendly entry point into large region • Connect prospects with state & local resources • Assist local communities in closing deal • 1 of 3 CLE+ Marketing Alliance Founders
Partners and Funders The People who Make it all Possible TIMKEN FOUNDATIONof Canton
What’s Hot, What’s New • Regional Economic Review • Recent Developments in NEO • Transformational Activity Across Region • Business Attraction Progress
Major Developments • Med Mart/Convention Center Deal Signed
Major Developments • Med Mart/Convention Center Deal Signed • Goodyear Commits (Again) to NE Ohio
Major Developments • Med Mart/Convention Center Deal Signed • Goodyear Commits (Again) to NE Ohio • Former Hoover Plant Bought by CA Investor
Major Developments • Med Mart/Convention Center Deal Signed • Goodyear Commits (Again) to NE Ohio • Former Hoover Plant Bought by CA Investor • Marathon Invests $170M in Refinery
Major Developments • Med Mart/Convention Center Deal Signed • Goodyear Commits (Again) to NE Ohio • Former Hoover Plant Bought by CA Investor • Marathon Invests $170M in Refinery • OH Wins Governors Cup for Expansions • Second year in a row • 61% of “Expansion” jobs cited were in NEOhio • Akron metro area placed 2nd in similar size metros • Wayne County named 3rd best micropolitan in US
Transformational Activity Across Region • Cuyahoga/Cleveland • Cleveland to receive $64M in OH State Historic Tax Credits for 22 rehabilitation development projects totaling over $340M • Philadelphia based PC Helps expands presence with new office, 100 jobs • Braden Sutphin Ink acquisition of new equipment line to retain 100 jobs .
Transformational Activity Across Region • Summit/Akron • FirstEnergy construction of new 200,000 sq. ft. campus to create 150 jobs & retain 2,200. Total investment in excess of $28 million • Sterling Jewelers, Inc. will add 86,000 sq. ft. in $15 million expansion & add 300 jobs over five years to existing 2,300 jobs
Transformational Activity Across Region • Stark/Canton • Hercules Motors awarded $37M OH Historic Preservation Tax Credit for $178M project • FedEx Ground constructing $7M, 76,000 sq. ft. package distribution facility • PatentHEALTH to add 500 jobs in Massillon • Using former Republic Steel office building
Transformational Activity Across Region • Youngstown-Warren • Turning Technologies completing new 30,000 sq. ft., $6M high tech office complex • WCI Steel completed capital investments of more than $70M • InfoCision wraps up construction of new call center, and begins building another, creating 450 new jobs
Transformational Activity Across Region • Lorain • Comaco of Lorain 40,500 sq. ft. expansion will add 40 new jobs • National Bronze capital investment of $20 million to expand Lorain facility will add 30 new jobs • Medina • Atlantic Tool & Die capital investment $10M for 47,000 sq. ft. metal stamping plant; 30 new jobs • North Gateway Tire capital investment $7M, for 150,000 sq. ft distribution center; 50 new jobs
NEO Region Economic Development System Increasing Local Role Generate Impressions Qualify Leads Qualify NEO Negotiate Deal Close Deal Metrics $Payroll # qualified leads # short list
2007 Results Regional Economic Development $46M New 2007 Payroll 1500 Jobs *Goal $25M 95 New Qualified Leads in 2007 *Goal - 30 Close Deal Generate Impressions Qualify Leads Qualify NEO Negotiate Deal Total Regional Benefit $100 M Per Year Metrics $Payroll # qualified leads # short list
2008 Goal: $50 M New Annual Payroll 2008 Goals 100 New Qualified Leads Close Deal Generate Impressions Qualify Leads Qualify NEO Negotiate Deal Metrics $Payroll # qualified leads # short list
NEO Region Economic Development System 56 Active Leads Generate Impressions Qualify Leads Qualify NEO Negotiate Deal Close Deal Metrics $Payroll # qualified leads # short list
Business Attraction: Wins • ViewRay • Medical device mfg, real-time image guided radiation therapy • 25 prof’ls first year; 90 in 3 years; $8 million capital investment • Relocation from Gainesville, FL • Chose NEO over Boston, Research Triangle, Atlanta & Bay Area because of imaging cluster and hospital partnerships • Global Cardiovascular Innovation Center • Collaboration with Cleveland Clinic starting to see results • Three Companies have located to NEO: • Pharmaceutical, Imaging, Medical Cevice • Expected combined employment up to 60 jobs in 3 years • Combined investment over $6M • Companies chose NEO over OR, MI, MD, MN
Business Attraction: Project Updates • Project Callie • Customer service center, currently in Canada • 800 jobs to be created within 3 years • Competing with upstate New York • Project Breeze • International wind tower manufacturer • 150 jobs, $50 million investment • Competing with Oklahoma, Texas & New Mexico • Unique challenges include finding building with right configuration to support manufacturing process and product transportation capabilities
Regional Marketing SuccessesDonald MisheffN.E. Ohio Managing PartnerErnst & Young LLPBoard of Trustees, Team Northeast Ohio
Pass the Plus Next in 2008: • Tools for Talent Recruitment • Sustain the Momentum • Engage region in spreading positive news • Broaden our financial support
New Investment RecognitionChris ConnorChairman & CEO, Sherwin-Williams Co.Chairman, Board of Trustees, Team Northeast Ohio
TeleTech • Leading global business process outsourcing company providing full range of front- to back-office solutions • Amherst, OH • Carolyn Smolko, Service Delivery Director
Quality Electrodynamics (QED) • Designer & manufacturer of MRI radiofrequency hardware • Mayfield Village, OH • Hiroyuki Fujita, Ph.D., President & CEO
PCC Airfoils • Worldwide, diversified manufacturer of complex metal components and products • Mentor & Painesville, OH • Mike Kinney, Program Manager
A Strong Region Starts with Strong CommunitiesMayors’ Discussion
The Honorable Frank G. Jackson,City of ClevelandThe Honorable Jay Williams, City of YoungstownThe Honorable Donald L. Plusquellic, City of AkronModerated by: Tom Waltermire, CEO Team NEO