News
News Home
Quick Bites
Exploradio
News Archive
News Channel
Special Features
NPR
nowplaying
On AirNewsClassical
Loading...
  
School Closings
WKSU Support
Funding for WKSU is made possible in part through support from the following businesses and organizations.

Northeast Ohio Medical University

Hennes Paynter Communications

Meaden & Moore


For more information on how your company or organization can support WKSU, download the WKSU Media Kit.

(WKSU Media Kit PDF icon )


Donate Your Vehicle to WKSU

Programs Schedule Make A Pledge Member BenefitsFAQ/HelpContact Us
Economy and Business


Cleveland-area companies show more optimism
Northeast Ohio's mid-size companies are more confident of growth
by WKSU's KELLI FITZPATRICK

Reporter
Kelli Fitzpatrick
 
In The Region:

 Mid-size companies in the Northeast Ohio are more optimistic about boosts in revenue and employment this year than companies of the same size nationwide.

The Greater Cleveland Partnership surveyed 100 companies considered “middle market.” That means they make $10 million to $1 billion a year and employ 100 to three-thousand workers.

Nearly 30 percent of them expect revenue to grow 5 to 9 percent in the next year; nationwide, only 21 percent of similar businesses expect the same.

The partnership's Rob Recker says the confidence of the region is an important first step.

RECKER Revenue first, then jobs

Other options:
Windows Media / MP3 Download (0:09)


"Optimism in the revenue growth is going to translate into that job creation we really want to see in Northeast Ohio."

And the survey shows about a third of the businesses in the Northeast Ohio region expect to increase their number of employees by at least 5 percent.

Jack Schron is vice president of a mid-size manufacturer, Jergen’s Inc. He says the region has two core strengths.

SCHRON medical plus manufacturering
Other options:
Windows Media / MP3 Download
(0:29)

"You've got the medical and the manufacturing being the two positive cornerstones going on here, where some communities have given up their manufacturing and don't have the medical to fall back on. And they've been relying on service sectors as their core.
"And unfortunately, people thought that that service sector couldn't leave the United States; they thought that manufacturing was easier to leave. When in reality, the manufacturing is coming back and the service sectors are probably easier locate the call centers into India or China or places like that."

But  Schron says manufacturers in the region remain  concerned about controlling costs and dealing with regulations. 

Add Your Comment
Name:

Location:

E-mail: (not published, only used to contact you about your comment)


Comments:




 
Page Options

Print this page

E-Mail this page / Send mp3

Share on Facebook




Stories with Recent Comments

Cuyahoga Valley National Park OK's sharpshooters to thin deer herds
In this article you mention that the Mule Deer Foundation is a "hunting group" in reality the Mule Deer Foundation is a conservation group that is over 25 years...

Cleveland RTA is moving Public Square bus stops beginning this week
I am very confused. Why are you taking one or more of the park and ride 246 out of service in the morning. I looking over the new schedule I see that there ar...

Canton school board will vote Wednesday on its high school merger
Great to see that THE REPOSITORY is advising a 'no' vote for now! Another point, besides all the Very accurate points already made against this move is the fac...

Some parents opting their students out of Common Core test
I am an 8th grader at a school in Allen County. I have just recently taken the ELA performance based assessment and found it extremely difficult. It asked me a ...

Fallout from the Ohio Supreme Court Munroe Falls ruling
The comment by Nathan Johnson from OEC is confusing. Instead of cities being 'emboldened' to craft zoning laws that were just stricken down by this ruling, comm...

Stopping sediment dumping in Lake Erie
Ah, yes, the Army Coro of Engineers, the geniuses that designed the levee system in New Orleans that has made the flooding worse due to no sediment reaching the...

Ohio charter school critic says reform bills are a good step
The cold truth is that these charter schools are offering services beyond the what the state tests can guage. Parents and students have a choice and they are ch...

State law trumps restrictions on oil and gas drilling in Munroe Falls
Justice O'Neill's quote brings up a point I wish WKSU would address: since, unlike for Federal judges, our judges here in Ohio are elected, and therefore respo...

Ohio Supreme Court invalidates local fracking bans
If Ohio has their way, Fracking Wells will be planted in the courtyard of every town. That is if the State of Ohio can profit by it...for more on how the court ...

Exploradio: The Mayan queen
Very interesting!

Copyright © 2015 WKSU Public Radio, All Rights Reserved.

 
In Partnership With:

NPR PRI Kent State University

listen in windows media format listen in realplayer format Car Talk Hosts: Tom & Ray Magliozzi Fresh Air Host: Terry Gross A Service of Kent State University 89.7 WKSU | NPR.Classical.Other smart stuff. NPR Senior Correspondent: Noah Adams Living on Earth Host: Steve Curwood 89.7 WKSU | NPR.Classical.Other smart stuff. A Service of Kent State University