cleveland plus business brochure

16 counties 2 million talented workers $170 billion GRP

It all adds up for business.

cleveland plus business.com

AshtabulaLake

Cleveland

Akron Youngstown

Canton

Geauga

Trumbull

Portage

Mahoning

Columbiana

Carroll

Stark

Summit

Cuyahoga

Medina

Lorain

WayneAshland

Richland

dynamic and diverse economy

easy access to U.S. and Canadian markets

corporate-friendly tax structurelow cost of living

*Distance fromCleveland PlusTM

When you add a rich heritage, plus an innovative spirit, plus a dynamic and diverse economy together with genuine people ready to get the job done, it all adds up to Cleveland Plus®—one region that’s the right choice for business. With a commitment to diversity, a corporate-friendly tax structure and a low cost of living, the Cleveland Plus region features amenities and resources that add up to a smart business decision.

3 clevelandplusbusiness.com

and diverse economy

s to U.S. and Canadian markets

corporate-friendly tax structuret of living

23357_TeamNEO_Bro_WT.indd 323357_TeamNEO_Bro_WT.indd 3 10/21/08 12:19:42 AM10/21/08 12:19:42 AM

160,000 businesses + significant equals exponentia

more than 160,000 businesses + significant ongoing investment

equals exponential opportunities

HHEEAALLTTHHYY BBUUSSIINNEESSSS PPRROOFFIILLEE

4

The Cleveland Plus gross regional product is more than $170 billion.

Annually, Northeast Ohio attracts $450 million in technology and biomedicalventure investment—the most in the Midwest.

Northeast Ohio’s economy is diverse and growing. Building from our proud and profi table heritage inmanufacturing, today our core expertise and opportunities include—

Biomedical: We are a leader in clinical trials and research commercialization with more than 60 hospitals, including the Cleveland Clinic, 450 bio companies with 230,000 employees, and medical and pharma education. 20 percent of all clinical studies conducted in the U.S. are done in Ohio.

Medical Devices: Close proximity to signifi cant customers, suppliers and leading-edge research, coupled with a skilled manufacturing workforce makes this a prime growth sector.

Professional Services (IT, Data and Call Center): A 100 percent fi ber network means rapid design integration, and rich opportunity for data centers and back-offi ce operations.

Polymers: An international polymer hub, Northeast Ohio offers the top polymer science programs in the U.S., the nation’s highest concentration of polymer R&D and the largest concentration of plastics and rubber product producers, machines and materials in North America.

Financial Services: Northeast Ohio is home to a Federal Reserve Bank, and is one of only three U.S. cities with more than one Money Center Bank headquarters.

Advanced Manufacturing: 61 percent of Northeast Ohio’s manufacturing sectors have outperformed the U.S. average in these same sectors.

Aerospace: With the only NASA center in the northern U.S. along with top aerospace companies, the region is rich in technological, engineering, metalworking and advanced manufacturing capabilities.

Advanced Energies:

Fuel Cell Expertise: Stark State Fuel Cell Prototyping Center and Wright Fuel Cell Group make the region a hub for fuel cell research, development and production.

Wind Potential: A recent Renewable Energy Policy Project study ranked Ohio 2nd among the 50 states in wind component manufacturing potential because of our region’s supply chain. Our fl at land and immense offshore potential with Lake Erie offers wind generation opportunity.

Our diversifi ed economy and culture are leading to growth in output and opportunity. In addition to these core industries, Northeast Ohio is home to 300 foreign-owned businesses, a signifi cant base of minority-owned business and to some of the nation’s largest law fi rms. The region is a hub for food processing, where major brands such as Smucker’s, Nestlé, and Pierre Foods operate.

In 2006 and 2007, Ohio was recognized by Site Selection magazine as #1 for new and expanded business facilities. Between 2003 and 2006, Cleveland Plus® has seen more than 650 attraction and expansion projects, creating tens of thousands of new jobs and generating close to $4 billion in investment. Expansions include—

• TeleTech Holdings, Inc. • Infocision Management Corp. • Progressive Insurance • FirstEnergy • Rolls-Royce • Ben Venue Laboratories • FedEx • Sterling Jewelers, Inc.


t ongoing investment al opportunities

“ As we have grown our business globally, Timken has been proud to call Northeast Ohio home. The consistent combination of a talented workforce, a commitment to innovation and a rewarding lifestyle make Northeast Ohio the place to turn for great business opportunities.”

Tim Timken Chairman


®

The Cleveland Plus® region has the 7th largest concentration of Fortune 500 companies in the U.S., including—

Manufacturing$37.5

Trade, Trans, & Utils$31.9

Information$5.9

Financial Activities$32.4

Prof & Bus Services$19.4

Edu & Hlth Services$14.6

Leisure & Hospitality$4.7

Other Services$3.4

Government$15.4

Natural Rscs & Mining$1.3 Construction

$5.2

Northeast Ohio: 2007 GRP by Industry GroupBillions (2006 Dollars)

COMPANY: The Timken Company

LOCATION: Canton, OH

INDUSTRY:Friction management and

power transmission

NUMBER OF EMPLOYEES: 25,000

23357_TeamNEO_Bro_WT.indd 523357_TeamNEO_Bro_WT.indd 5 10/24/08 12:11:23 PM10/24/08 12:11:23 PM

6

Before Tax Reform After Tax Reform

$6,000

$5,000

$4,000

$3,000

$2,000

$1,000

$0

Real Property

Tangible Personal Property

State Corporate Franchise Tax

Ohio Tax ReformImpact on Recent $150 Million Project

State Commercial Activity Tax

Ohio’s tax reform generates substantial tax savings.

Ohio’s new tax model promises a reduction in tax burden of up to 63 percent.The new tax reform—

• Phases out corporate income tax• Eliminates tax on inventory, equipment and machinery investments• Lowers personal income tax, reduced by 21 percent• Exempts sales outside the state from taxation• Exempts the fi rst $1 million in annual gross receipts

“ From our headquarters in Ohio, Invacare has become the world leader in home medical products. The state’s new tax laws will help us continue to grow.”

A. Malachi Mixon, III Chairman and CEO

COMPANY: Invacare Corporation

LOCATION: Elyria, OH

INDUSTRY:Medical Equipment



attractive incentives + bus

equals a betteIn the Cleveland Plus® region, you get big city advantages without big city costs.

Tax Incentives

• Ohio Job Creation Tax Credit• Ohio Job Retention Tax Credit• Ohio Research and Development Investment Tax Credit• Ohio Investment in Training Tax Credit• Ohio Manufacturing Machinery & Equipment Investment Tax Credit• Technology Investment Tax Credit• Research and Development Sales Tax Exemption• Manufacturing Machinery and Equipment Sales Tax Exemption• Warehouse Machinery and Equipment Tax Exemption• Warehouse Inventory Tax Exemption• Enterprise Zones and Community Reinvestment Areas

Grants

• Wright Centers of Innovation • Ohio Third Frontier Program • Brownfi eld Redevelopment Program

Port Authorities

19 port authorities in the Cleveland Plus region offering:• Fixed-rate fi nancing programs • Off-balance-sheet fi nancing and leasing programs • Infrastructure fi nancing programs • Foreign trade zones

attractive incentives + business-friendly tax structure

equals a better bottom line


The new tax reform makes Ohio have the lowest taxes in the Midwest.

Northeast Ohio’s economic output is the 12th largest in the U.S. and ranks in thetop 50 worldwide.


quals fast-paced, lo+ 3 Class I railroads + 2

Northeast Ohio features one of the nation’s best logistics infrastructures. And the region reaches the largest number of consumers within a 250-mile radius of any metro market in the U.S. So no matter where business gets done, Cleveland Plus® will get you there faster and more effi ciently.

2 airports keep costs competitive and add convenience • Cleveland Hopkins International Airport -350 fl ights daily to over 90 destinations -Major hub for Continental Airlines

• Akron-Canton Airport -Second fastest growing U.S. airport

3 foreign trade zones keep businesses competitive in the global marketplace • FTZ 181 largest in U.S. • Ranked 2nd in employment • Ranked 3rd in exports • Ranked 12th in companies

2 intermodal terminals for fast, effi cient shipping • CSX Intermodal Terminal • Neomodal Intermodal Terminal

2 international waterway connections • Lake Erie and St. Lawrence Seaway • Ohio-Mississippi River System

5 interstate highways + 6 deepwater ports + 3 Class I railroads + 2 international airports

equals fast-paced, low-cost logistics

8

RROOBBUUSSTT TTRRAANNSSPPPOOORRRTTTAAATTTIIIOOONNN IINNNFFRRAASSTTRRUUCCTTURRE

Northeast Ohio features one of the nation’s best infrastructures according to LogisticsToday magazine.

Columbiana County features direct access to the Ohio River, which accounts for overone-third of the maritime cargo moving inland in the United States each year—more cargo per year than the Panama Canal.


low-cost logistics2 international airports


“As a technology company, we could operate anywhere in the country, but we chose Northeast Ohio because of the highly skilled available workforce, the large number of strong colleges and universities, the comparatively reasonable cost of operating a business, the central location in respect to our national population, and the quality of life available in this area for our employees and families. Likewise, the cooperation among government, education, nonprofi ts and business has been very valuable in facilitating that growth.”

Mike Broderick CEO, Turning Technologies, LLC

COMPANY: Turning Technologies, LLC

LOCATION: Youngstown, OH

INDUSTRY:Software—Audience

Response Technology

NUMBER OF EMPLOYEES: 145

ClevelandCleveland

MentorMentor

LorainLorain

ElyriaElyria

MedinaMedina

AkronAkron

KentKent

AshtabulaAshtabula

WarrenWarren

YoungstownYoungstown

East LiverpoolEast Liverpool

CantonCantonWoosterWooster

AshlandAshland

MansfieldMansfield

Lake Erie

Ohio

ColumbianaColumbiana

CarrollCarroll

MahoningMahoning

PortagePortage

GeaugaGeauga

AshtabulaAshtabulaLakeLake

CuyahogeCuyahogaTrumbullTrumbull

LorainLorain

AshlandAshland

RichlandRichland

WayneWayne

MedinaMedina

SummitSummit

StarkStark

Major City

Airport

Lake/River Port

Interstate Highway

U.S. Highway

State Highway

Class 1 Railroad

County Boundary

0 12.5 25 50 Miles

Cleveland Plus® Transportation


27 unive

10

TTAALLEENNTTEEDD, DDEEDDIICCAAATTTEEDD WWWOORRKKKFFOORRCCEE

Colleges and universities located in the Cleveland Plus® region—University of AkronAshland UniversityBaldwin-Wallace CollegeBryant & Stratton CollegeCase Western Reserve UniversityCleveland Institute of ArtCleveland Institute of MusicCleveland State UniversityCuyahoga Community College Hiram CollegeITT Educational Services, Inc. John Carroll UniversityKent State UniversityLake Erie CollegeLakeland Community CollegeLorain County Community College DistrictMalone CollegeMount Union CollegeMyers UniversityNorth Central State College Northeastern Ohio Universities Colleges of MedicineNotre Dame College of OhioOberlin CollegeSiegal College of Judaic StudiesStark State College of TechnologyUrsuline CollegeVirginia Marti CollegeWalsh UniversityThe College of WoosterYoungstown State University

Plus, you’re only a short drive away from other esteemed universities—University of Cincinnati University of MichiganThe Ohio State UniversityUniversity of Pittsburgh

“ The Cleveland-Akron area affords us access to a sophisticated fi nancial and professional community, as well as a high-quality workforce.”

Steven J. Demetriou Chairman and Chief Executive Offi cer

COMPANY: Aleris International, Inc.

LOCATION: Beachwood, OH

INDUSTRY:Aluminum Manufacturing


Ohio

Pennsylvania

New York

Michigan

Source: IPEDS

Canada

ClevelandCleveland

AkronAkron

CantonCanton

YoungstownYoungstown

ErieErie

BuffaloBuffalo

TorontoToronto

ToledoToledo

DetroitDetroit

ColumbusColumbus

DaytonDayton

CincinnatiCincinnati

PittsburghPittsburgh

College/University

150-Mile Radius

Northeast Ohio

Colleges & Universities


versities + 2 million tale equals a smar

Northeast Ohio features an educated talent base with degrees and Ph.D.s from world-renowned colleges and universities offering nationally ranked programs.

• 26,000 degrees awarded annually • 175,000 degree-seeking students • 28,000 faculty and staff • Case Western Reserve Weatherhead School of Management is ranked the world’s best place to study organizational behavior • University of Akron Polymer Science and Polymer Engineering Program is ranked the #2 polymer science program in the country • Oberlin College boasts the highest rate of graduates to earn Ph.D.s

29 colleges and universities + 2 million talented workers

equals a smart, productive, multicultural workforce


Manufacturing15%

Trade, Trans, & Utils18%

Information2%

Financial Activities6%

Prof & Bus Services12%

Edu & Hlth Services15%

Leisure & Hospitality9%

Other Services4%

Government14%

Natural Rscs & Mining1%

Construction4%Total Employment by NAICS Industry Group (2007)

The Cleveland Plus® workforce is comprised of genuine people with an innovative spirit, willing to roll up their sleeves and get the job done.

Northeast Ohio features one of the world’s largest fi nancial sectors and one of the nation’s largest legal communities, along with growing professional and technical services, skilled laborers and a diverse, multilingual talent base. Our extensive background in advanced manufacturing, innovative research and design,engineering and maximized productivityis an ideal combination for growth.


3 major sports teams + world-renowned arts, culture and+ a low cost of living equals a rich,yet affordable, life

It all adds up to a unique quality of life in Northeast Ohio.

• Average commute is 24 minutes • 120 ethnic communities • Median home sale price is $138,500 • U.S.News and World Report top-ranked hospitals, including Cleveland Clinic, University Hospitals Case Medical Center and Rainbow Babies & Children’s Hospital and Summa Health System; also known for Akron General Medical Center and Akron Children’s Hospital

Plus, our region features professional networks and human capital development that connect civic-minded individuals with business and community enhancement opportunities.

• Regional leadership opportunities for the emerging, current and experienced professional • Professionals of all ages and experience levels can engage in and lead community groups • One of the nation’s most philanthropic communities • More than 25 young professional groups

12

UUNNEEQQUUAALLEEDD QQUUUAAALLLIIITTTYYY OOOFF LLLIIFFEEE

Cost of living is more than 10% below the national average.

Cleveland was ranked the most livable city in the U.S. in 2005 by The Economist.

The largest performing arts center in the country outside of New York City.

The Cleveland Orchestra is ranked one of the top three orchestras in the world.

RTA public transportation voted the best in the U.S. in 2007.

3 major league sports teams + world-renowned arts, culture and health care+ a low cost of living equals a rich,yet affordable, lifestyle


d health care

festyle

13

The ArtsAkron Art MuseumAkron SymphonyThe Butler Institute of American ArtCanton SymphonyCleveland Museum of ArtCleveland Museum of Natural HistoryCleveland OrchestraPlayhouse SquareStan Hywett Hall and GardenYoungstown Symphony Orchestra

AttractionsAlpine Valley Ski ResortAmish CountryBlossom Music CenterBoston Mills/Brandywine Ski ResortCedar PointCuyahoga Valley National ParkFirestone Country ClubLake ErieNational Inventors Hall of FamePro Football Hall of FameRock and Roll Hall of Fame and MuseumSnow Trails Ski Resort Thistledown Thoroughbred RacingWine Country

Plus, there’s something for everyone—

clevelandplusbusiness.com

EventsCleveland Grand Prix Cleveland National Air ShowHonda Indy 200 and Supercycle Weekend at Mid–Ohio Sports Car CourseIngenuity Fest National City Home and Garden ShowPro Football Hall of Fame Festival

Professional SportsAkron AerosCleveland BrownsCleveland CavaliersCleveland IndiansLake County CaptainsLake Erie Monsters

“ The quality of life offered by Northeast Ohio couldn’t be better for our employees. Housing is very affordable with many different community options. The region supports the arts, history, culture, entertainment, sports and so muchmore, giving many choices to our employees.”

Thomas J. Murphy President and COO

COMPANY: Ben Venue Laboratories, Inc.

LOCATION: Bedford, OH

INDUSTRY:Pharmaceutical

Manufacturing



14

Welcome

Bienvenido

Bienvenue

Willkommen

Cert no. SW-COC-002546


cleveland plus business.com