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Team Northeast Ohio State of the Region: A Strong Region Starts with Strong Communities

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

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  1. Team Northeast Ohio State of the Region:A Strong Region Starts with Strong Communities April 10, 2008 Sponsored By:

  2. WelcomeChris ConnorChairman & CEO, Sherwin-Williams Co.Chairman, Board of Trustees, Team Northeast Ohio

  3. Business Investment and Economic Update Tom WaltermireChief Executive Officer, Team Northeast Ohio

  4. 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

  5. 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

  6. Partners and Funders The People who Make it all Possible TIMKEN FOUNDATIONof Canton

  7. What’s Hot, What’s New • Regional Economic Review • Recent Developments in NEO • Transformational Activity Across Region • Business Attraction Progress

  8. Northeast Ohio Gross Regional Product (GRP) Increasing

  9. Total EmploymentHighest in the Last Six Years

  10. Regional Industry Strengths

  11. Industry Sectors Real GRP: Growing

  12. Real per Capita Income Better than “Glamour” Cities

  13. Major Developments • Med Mart/Convention Center Deal Signed

  14. Major Developments • Med Mart/Convention Center Deal Signed • Goodyear Commits (Again) to NE Ohio

  15. Major Developments • Med Mart/Convention Center Deal Signed • Goodyear Commits (Again) to NE Ohio • Former Hoover Plant Bought by CA Investor

  16. 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

  17. 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

  18. 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 .

  19. 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

  20. 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

  21. 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

  22. 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

  23. NEO Region Economic Development System Increasing Local Role Generate Impressions Qualify Leads Qualify NEO Negotiate Deal Close Deal Metrics $Payroll # qualified leads # short list

  24. 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

  25. 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

  26. NEO Region Economic Development System 56 Active Leads Generate Impressions Qualify Leads Qualify NEO Negotiate Deal Close Deal Metrics $Payroll # qualified leads # short list

  27. 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

  28. 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

  29. Regional Marketing SuccessesDonald MisheffN.E. Ohio Managing PartnerErnst & Young LLPBoard of Trustees, Team Northeast Ohio

  30. Pass the Plus Next in 2008: • Tools for Talent Recruitment • Sustain the Momentum • Engage region in spreading positive news • Broaden our financial support

  31. New Investment RecognitionChris ConnorChairman & CEO, Sherwin-Williams Co.Chairman, Board of Trustees, Team Northeast Ohio

  32. TeleTech • Leading global business process outsourcing company providing full range of front- to back-office solutions • Amherst, OH • Carolyn Smolko, Service Delivery Director

  33. Quality Electrodynamics (QED) • Designer & manufacturer of MRI radiofrequency hardware • Mayfield Village, OH • Hiroyuki Fujita, Ph.D., President & CEO

  34. PCC Airfoils • Worldwide, diversified manufacturer of complex metal components and products • Mentor & Painesville, OH • Mike Kinney, Program Manager

  35. A Strong Region Starts with Strong CommunitiesMayors’ Discussion

  36. The City of ClevelandThe Honorable Frank G. Jackson

  37. The City of YoungstownThe Honorable Jay Williams

  38. The City of CantonThe Honorable William J. Healy II

  39. The City of AkronThe Honorable Donald L. Plusquellic

  40. 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

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