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

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Team Northeast Ohio State of the RegionA
Strong Region Starts with Strong Communities

• April 10, 2008

Sponsored By
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WelcomeChris ConnorChairman CEO,
Sherwin-Williams Co.Chairman, Board of
Trustees, Team Northeast Ohio
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Business Investment and Economic Update Tom
WaltermireChief Executive Officer, Team
Northeast Ohio
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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

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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

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Partners and Funders The People who Make it all
Possible

TIMKEN FOUNDATION of Canton
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Whats Hot, Whats New

• Regional Economic Review
• Recent Developments in NEO
• Transformational Activity Across Region
• Business Attraction Progress

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Northeast Ohio Gross Regional Product (GRP)
Increasing
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Total EmploymentHighest in the Last Six Years
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Regional Industry Strengths
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Industry Sectors Real GRP Growing
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Real per Capita Income Better than Glamour
Cities
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Major Developments

• Med Mart/Convention Center Deal Signed

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Major Developments

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

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Major Developments

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

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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

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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

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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

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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

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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

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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

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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

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NEO Region Economic Development System
Increasing Local Role
Generate Impressions
Close Deal
Qualify Leads
Qualify NEO
Negotiate Deal
Metrics
Payroll
qualified leads
short list
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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
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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
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NEO Region Economic Development System
56 Active Leads
Generate Impressions
Close Deal
Qualify Leads
Qualify NEO
Negotiate Deal
Metrics
Payroll
qualified leads
short list
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Business Attraction Wins

• ViewRay
• Medical device mfg, real-time image guided
  radiation therapy
• 25 profls 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

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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

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Regional Marketing SuccessesDonald MisheffN.E.
Ohio Managing PartnerErnst Young LLP Board
of Trustees, Team Northeast Ohio
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Pass the Plus

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

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New Investment Recognition Chris
ConnorChairman CEO, Sherwin-Williams
Co.Chairman, Board of Trustees, Team Northeast
Ohio
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TeleTech

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

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Quality Electrodynamics (QED)

• Designer manufacturer of MRI radiofrequency
  hardware
• Mayfield Village, OH
• Hiroyuki Fujita, Ph.D., President CEO

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PCC Airfoils

• Worldwide, diversified manufacturer of complex
  metal components and products
• Mentor Painesville, OH
• Mike Kinney, Program Manager

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A Strong Region Starts with Strong
CommunitiesMayors Discussion
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The City of ClevelandThe Honorable Frank G.
Jackson
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The City of YoungstownThe Honorable Jay
Williams
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The City of CantonThe Honorable William J.
Healy II
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The City of AkronThe Honorable Donald L.
Plusquellic
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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