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2009 Team NEO State of the Region Event

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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 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

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

  1. 1. Team Northeast Ohio 2009 State of the Region September 24, 2009
  2. 2. Welcome Chris Connor Chairman & CEO, Sherwin-Williams Co. Chairman, Board of Trustees, Team Northeast Ohio
  3. 3. Business Investment and Economic Update Tom Waltermire Chief Executive Officer, Team Northeast Ohio
  4. 4. 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
  5. 5. NEO Manufacturing Output Stable: Growing Segments
  6. 6. 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
  7. 7. Industrial Vacancy Lowest in 5 Years
  8. 8. 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%
  9. 9. We Live and Work as a Region
  10. 10. 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
  11. 11. High Growth Industries Outpacing US
  12. 12. Transitioning Economy
  13. 13. Economy: Long-Term Growth; Short-Term Mirroring Nation
  14. 14. Unemployment Gap to US Closing
  15. 15. Diversifying Economy
  16. 16. NEO Still Top HQ Region
  17. 17. Bio-Med: 37% Growth/5 Years
  18. 18. Team NEO: Regional Business Attraction
  19. 19. 20 NEO Regional Economic Development System
  20. 20. 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
  21. 21. Partners and Funders The People who Make it all Possible TIMKEN FOUNDATION of Canton
  22. 22. 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
  23. 23. 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) 
  24. 24. Results
  25. 25. 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
  26. 26. 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
  27. 27. 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
  28. 28. 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
  29. 29. Business Attraction Wins: Welcome to the Plus
  30. 30. • California-based global pharmaceutical firm • R&D Center in NEO • 60+ new jobs, $3 million in new, annual payroll • Company chose NEO over California
  31. 31. • 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
  32. 32. • 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
  33. 33. • 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
  34. 34. Regional Marketing: A PLUS for Northeast Ohio
  35. 35. A Strong Region Starts with Strong Communities Mayors’ Discussion
  36. 36. Richard B. McQueen President and CEO Akron-Canton Airport
  37. 37. The City of Akron The Honorable Donald L. Plusquellic
  38. 38. Bruce Klink President Dominion East Ohio
  39. 39. The City of Canton The Honorable William J. Healy II
  40. 40. Rob Reynolds Senior Director – External Affairs AT&T
  41. 41. The City of Cleveland The Honorable Frank G. Jackson
  42. 42. Mike Hardy Partner Thompson Hine LLP
  43. 43. The City of Youngstown The Honorable Jay Williams
  44. 44. 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

Notas del editor

  • Tom introduce video
  • Need to update with latest -
  • Need to update with latest -
  • See if Charity can do brighter colors – differentiate more
  • Tom
  • 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
  • Update new #s – add short list – potential results
  • And the
  • Delighted mayors are here
    Describe what each says
    Include Canton, say he was called out of town
  • Delighted mayors are here
    Describe what each says
    Include Canton, say he was called out of town

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