Greater Clevland Partnership: All In Plan - 2023 Annual Report

Page 1

BIG IDEAS. BOLD VENTURES.

ALL IN PLAN

2023 ANNUAL REPORT

Members, Partners, and Friends...

This has been a year of big ideas and bold ventures taking off in Greater Cleveland.

The region saw new skyscrapers enhancing our downtown skyline and waterfront projects breaking ground; numerous companies announced expansions and opened new headquarters; thousands of summer interns in The Land, plus more than 10,000 innovators this fall at Tech in the Land events, including the Forbes Under 30 Summit; and more new flights and carriers at CLE, including Aer Lingus direct to Europe. The year ended with Greater Cleveland recording its lowest unemployment rate (2.7%) in over two decades.

The nation is starting to take notice. Cleveland’s growth, innovation and vibrancy were recognized by Forbes, The Washington Post, The Economist, Zillow and Financial Times, and its appeal for tourists was praised in Travel & Leisure, The New York Times and several Irish publications.

“Big Ideas. Bold Ventures.” is also the theme of Greater Cleveland Partnership’s new campaign. We know our region is on the rise, and we are committed to making sure others know Greater Cleveland as a great place for business and innovation, too. By highlighting the many world-leading innovators, groundbreakers and companies who call our region home, our objective is to excite more of us to become better ambassadors for the region.

How is the region making strides? All In.

Two years ago, Greater Cleveland Partnership shared the All In Plan for Greater Cleveland to once again become one of the Great Regions in the Great Lakes. The plan identifies key priorities, metrics to track progress, and most important, an “All In” approach that defines how private, public and philanthropic partners — the civic system — must work together to achieve the vision. We know that when we are All In, we truly all win.

Our work is guided by this plan and these values. The priority areas include Dynamic Businesses, Abundant Talent, Inclusive Opportunity and an Appealing Community, each with specific strategies and all amplified by pro-growth policies.

This annual report highlights achievements across the civic system While we celebrate these milestones, we also stay committed to measuring our progress against our peer set of Midwest Metros on our three metrics of regional success: Business Growth, Jobs Growth and Income Growth.

As you will see in the peer rankings, Greater Cleveland had a good year Our year-over-year rankings show promise, and we remain confident that the region will be among the top tier of our peers for the decade.

But we cannot do it alone. We want to thank all of you our members, partners and friends – those whose big ideas and bold ventures are propelling the region forward. We must continue working together towards becoming one of the Great Regions in the Great Lakes. This is our charge, and we will do it, All In.

Sincerely,

The goal is for

These guiding metrics shape the priorities and help evaluate the strategies of the All In Plan

Business Growth
GDP: $266 Billion Population: 3.7 Million Largest in Ohio, 3rd in Midwest, 17th in US ANNUAL DECADE Greater Cleveland Growth Rankings
All In Plan sets a path for Greater Cleveland* to be one of the Great Regions in the Great Lakes. Three metrics track the region’s progress compared to peers in accelerating growth and prosperity:
Gross Metropolitan Product
The
Business Growth
Jobs Growth
Income Growth
Greater Cleveland to rank among the top tier of the 11 peer Midwest regions both annually and with persistence over this decade.
US Department of Commerce MSA and CSA definitions Dimensions data and size rankings based on CSA Growth rankings are based on metro area (MSA) data from the Federal Reserve Economic Data, Bureau of Labor Statistics, and Bureau of Economic Analysis. Rankings are based on the following periods for Business Growth (annual 2021-22, decade 2019-22), Jobs Growth (annual 2022-2023, decade 2019-23), and Income Growth (annual 2021-22, decade 2019-22). This is the most current data available for metro areas.
LAKES METRO REGIONS GROWTH RANKINGS
Greater Cleveland Partnership ALL IN PLAN 2023 ANNUAL REPORT ALL IN Values for Our Civic System INSPIRED INNOVATIVE INVOLVED INCLUSIVE INTERCONNECTED INTEGRITY IN UNITY A Great Region on a Great Lake.
GREAT
CLEVELAND DIMENSIONS
Greater Cleveland Partnership ALL IN PLAN 2023 ANNUAL REPORT Greater Cleveland Partnership ALL IN PLAN 2023 ANNUAL REPORT 1. Indianapolis 2. Columbus 3. St. Louis 4. Louisville 5. Buffalo 6. CLEVELAND 7. Detroit 8. Cincinnati 9. Milwaukee 10. Rochester 11. Pittsburgh 4th Cleveland MSA Cleveland CSA Region Jobs Growth Number of Jobs 7th 1. Indianapolis 2. Columbus 3. Cincinnati 4. Louisville 5. St. Louis 6. Detroit 7. CLEVELAND 8. Pittsburgh 9. Buffalo 10. Milwaukee 11. Rochester Income Growth Per Capita Personal Income 1. Indianapolis 2. Milwaukee 3. St. Louis 4. Columbus 5. Cincinnati 6. Louisville 7. Detroit 8. CLEVELAND 9. Pittsburgh 10. Rochester 11. Buffalo 5th

Dynamic Businesses Abundant Talent

The strategies

Expand innovation at start-ups, corporates and research institutions through partnerships and increased funding.

Promote business expansions by connecting companies to growth incentives, real estate options and talent sources.

Grow small and middle-market enterprises by connecting them to business building resources, funding opportunities and cost-saving benefits.

The headlines

Sustainable manufacturing and materials innovation hubs for Case Western, Akron and corporate partners win federal awards; Case Western initiates new $300M research facility

Cleveland Clinic unveils quantum computer with IBM to accelerate new medicines and begins $1.3B campus expansion

University Hospitals launches Sports Innovation Center and announces $2B campaign

Cleveland Clinic and Canon partner to establish imaging research center

NASA Glenn opens new Aerospace Communications Facility to develop advanced communications technologies

Ohio receives $1B to establish a hydrogen hub

Lincoln Electric launches fastest, most reliable EV supercharger and new production facility

New HQs opened for Flexjet, Minutemen Family of Companies and CBIZ

Cleveland start-ups raise over $370M in investment and 20 companies make Inc. Magazine’s list of 5,000 fastest growing companies

COSE holds 6th season of Cleveland Chain Reaction pitch competition

The strategies

Increase degree and certificate completions and retain graduates.

Expand internships, apprenticeships, co-ops and tech credentials.

Broaden career awareness among high school students through exposure programs.

The headlines

Greater Cleveland net gains collegeeducated individuals over the last six years

Summer in the Land attracts over 1,000 interns from 300+ companies

John Carroll and Cleveland State expand low-income student access to STEM degrees

Lorain County Community College leads efforts to expand tech-job training

Tri-C raises over $50 million to support skills training

Post-Secondary+

8th

More than 22,000 tech credentials have been gained by workers at over 800 companies

Region wins major Department of Labor federal grants for infrastructure workforce development and community college training for in-demand industries

Apprenticeship Hub adds 12 innovative Registered Apprenticeship Programs

Ohio’s budget includes largest increases to college aid and technical career training in history

Forbes names Cleveland an innovation hub and hosts Under 30 Summit in Cleveland

Greater Cleveland Partnership ALL IN PLAN 2023 ANNUAL REPORT Greater Cleveland Partnership ALL IN PLAN 2023 ANNUAL REPORT
Great Lakes Region
2nd Great Lakes Region GMP per Worker Growth

Inclusive Opportunity Appealing Community

The strategies

Grow minority business enterprises through advisory services and access to customers.

Expand diversity in senior and mid-level leadership positions.

Ensure digital equity through device donations, affordable broadband access and support.

The headlines

Community Benefits Ordinance enacted to broaden city development benefits

Cleveland allocates $10M to increase minority participation in construction sector

U.S. Secretary of Commerce highlights GCP’s minority business development center, which serves more than 150 companies

MBEs partner through MBDA Center and win major contract for EV infrastructure

CentroVilla25 breaks ground, a transformational community project

Equitable Development Initiative launched to support diverse developers

10 area companies recognized on Forbes America’s Best Employers for Diversity

Greater Cleveland companies’ board of directors diversity exceeds national trends

City, county, state and foundations partner with $80M to expand broadband access

Region ranks 2nd in country in eligible households accessing broadband benefits

The strategies

Enhance downtown and waterfronts through interconnected, inclusive developments.

Invest in neighborhoods for residential and commercial corridor development.

Expand recreational amenities including parks, arts and culture, and sports.

Improve airport and air service connections.

The headlines

Rock Hall begins $135 million-plus expansion; Progressive Field begins $202 million renovation

Sherwin-Williams and City Club Apartments skyscrapers top off construction

City reveals North Coast Master Plan for lakefront and enters agreement with Bedrock for riverfront development

Cavaliers and Cleveland Clinic unveil plans for Global Peak Performance Center on riverfront

$60M Irishtown Bend Park project breaks ground and Scranton Peninsula apartments under development

Cleveland Development Advisors surpasses $500 million invested in neighborhood projects

Aer Lingus launches nonstop service from Cleveland to Dublin; Frontier Airlines selects CLE for crew hub and starts new flights to San Diego, San Francisco, Dallas, Charlotte, San Juan and Jamaica

Playhouse Square debuts new marquees

7 th Minority-Majority Household Income Great Lakes Region Population Growth Great Lakes Region 8th Greater Cleveland Partnership ALL IN PLAN 2023 ANNUAL REPORT Greater Cleveland Partnership ALL IN PLAN 2023 ANNUAL REPORT

Greater Cleveland Partnership is the region’s leading economic development organization and with over 12,000 members, the largest metropolitan chamber of commerce in the nation. It includes the Council of Smaller Enterprises and Cleveland Development Advisors, a real estate development affiliate. Guided by a board of corporate and entrepreneurial CEOs, the organization focuses on strategic initiatives, business services, and advocacy to propel Greater Cleveland towards being one of the Great Regions in the Great Lakes.

Greater Cleveland Partnership Board of Directors

The Board

CHAIR

Paul Dolan* Cleveland Guardians

TREASURER

James Malz* Citizens Bank

SECRETARY

Eddie Taylor Jr * Taylor Oswald

DIRECTORS

Craig Arnold* Eaton

Nic Barlage Rock Entertainment Group

Chad Barnhill JACK Entertainment

Michael Baston Cuyahoga Community College

Trina Bediako New Horizons Baking

Chris Bellamy Cohen & Company

Rudy Bentlage

JPMorgan Chase

Fernando Bertero Fully Promoted – Cleveland

Laura Bloomberg Cleveland State University

Claude Booker

Simply Southern Sides

Jon Bostock Leaf Home

Kevin Campbell Fortune Brands

Brandon Carrus McKinsey

James Cavoli* Swagelok

Fiona Chambers Deloitte

Lonnie Coleman Coleman Spohn

Michele Connell Squire Patton Boggs

Bill Cosgrove* Union Home Mortgage

Shakorie Davis Next Generation Construction

Severine De Wagheneire* Accenture

Jeroen Diderich Avery Dennison

Tim Dimoff SACS Consulting & Investigative Services

Deborah Donley Vocon Design

Andrew Eich Covia

Patrick Espinosa Sus Abogados Latinos

Taylor Evans Rust Belt Recruiting

Karen Fanger K&D

Roger Frank Little Jacket

Hiroyuki Fujita Canon Healthcare USA

Steven Glass Medical Mutual

Lourenco Goncalves Cleveland-Cliffs

Christopher Gorman* KeyCorp

Stanley Gorom, III Hahn Loeser & Parks

Adam Graves Nestlé USA

Sally Gries Gries Financial

Jerry Grisko CBIZ

Brad Harmon* Advance Ohio

Dee Haslam* Cleveland Browns

Steven Hedlund Lincoln Electric

David Heller The NRP Group

Chris Howse Howse Solutions

Kevin Johnson* NexGen Interactive

Margaret Judd Executive Arrangements

Elizabeth Juliano Litigation Management

Eric Kaler* Case Western Reserve University

James Kenyon** NASA Glenn Research Center

Ariane Kirkpatrick

The AKA Team

Robert Klonk Oswald Companies

Lillian Kuri

The Cleveland Foundation

Ed Largent, III Westfield Insurance

Rebecca Liebert Lubrizol

Robert Littman BDO USA

Jay Lucarelli Minutemen Family of Companies

Anthony Manna M7 Holdings

Rick Marabito Olympic Steel

Jeneen Marziani Bank of America

Bonnie Matthew Food for Thought

Cliff Megerian University Hospitals

Jill Dietrich Mellon** VA Northeast Ohio Healthcare System

Kyle Merrill Gilbane Building

Loretta Mester** Federal Reserve Bank of Cleveland

Tomislav Mihaljevic Cleveland Clinic

Marcia Moreno AmMore Consulting

Joseph Morford Tucker Ellis

Scott Mueller Dealer Tire

Gregg Muresan PricewaterhouseCoopers

Heidi Murphy Warwick Communications

Jim Mylen KPMG

Sundaram Nagarajan Nordson

Timothy Opsitnick* Technology Concepts and Design

Jennifer Parmentier Parker Hannifin

Tom Partridge Fifth Third Bank

Patrick Pastore* PNC Financial

Cheryl Perez*

Cheryl C Perez Brand of Companies

Heidi Petz Sherwin-Williams

CeCe President Presidential Consultants

Deborah Read* Thompson Hine

Monte Repasky Ernst & Young

Neal Restivo* Oatey

Sean Richardson* Huntington National Bank

John Saada, Jr. Jones Day

Vijay Shankar Kichler Lighting

Malisse Sinito Savour Hospitality

Robert Smith Cerity Partners

Airica Steed** MetroHealth

Kathy Sterio Savant Technologies

Frank Sullivan RPM International

Tameka Taylor Compass Consulting Services

Matt Tenerowicz BakerHostetler

Adrian Thompson

Taft Stettinius & Hollister

Michelle Tomallo FIT Technologies

Jugal Vijayvargiya Materion

Tony Weber Goldfarb Weber Creative Media

Daniel Weekley Dominion Energy

Thomas Welsh Calfee, Halter & Griswold

Vanessa Whiting* AES Management

Chas Withers Dix & Eaton

* denotes Executive Committee member

** denotes Board Observer

Accelerating Growth and Prosperity FOLLOW US

Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.
Greater Clevland Partnership: All In Plan - 2023 Annual Report by greatercle - Issuu