10/21/2014
Purpose
1
2
Regional
Marketing
Functions
Build Regional Teamwork
3
Business
Attraction
4
Regional Business
Development
JobsOhio Linkage
4
5
The JobsOhio Regional Network
6
The Northeast Ohio Economy
• 18 counties
• 4 million people
• 2+ million person workforce
• Gross Product of nearly $200 billion
(slightly smaller than Ireland)
• 19 Fortune 1000 Companies
Commuting Patterns in Northeast Ohio: 2013
% of Workforce from Another County
90%
% of Residents Working Outside the County
Portage
Medina
Lorain
Mahoning
Lake
Huron
Geauga
Wayne
Tuscarawas
Trumbull
Summit
Stark
Richland
Erie
Cuyahoga
Columbiana
Ashtabula
Ashland
70% 50% 30% 10% 10% 30% 50% 70%
7
1990-2012 Manufacturing Hit Hard, NEO Diversifies
9
1990-2012: Strong Growth in GRP
10
NEO Performing More Like the US
NEO vs US Employment Through Recessions: 1981 vs 2007
(NEO = Solid, US - Dashed)
1,15
1,1
1,05
1
0,95
0,9
Year 1 Year 2 Year 3 Year 4 Year 5 Year 6
11
81-82
07-09
Non-Manufacturing Sectors with Highest Post-
Recession Growth in Employment
General medical and surgical hospitals
Data processing & Hosting
Scientific & technical consulting services
Colleges; universities; and professional schools
Headquarters
Computer systems design and related services
Real Estate
Business support services
Oil and gas extraction
Software publishers
0% 10% 20% 30% 40% 50%
15,3%
7,3%
20,8%
8,8%
Northeast Ohio Educational Attainment
2,1%
10,5%
Less Than 9th Grade
9th Grade to 12th Grade
High School Diploma
Some College
35,2%
Associate's Degree
Bachelor's Degree
Graduate Degree and Higher
13
14
Encouraging Trends in Education
• 35 percent of the region's 25 to 44 year olds hold a college degree, a rate well above the national norm
•
We rank 7th nationally, ahead of San Francisco, Chicago,
Seattle and Austin, for professional and graduate degrees
• From 2003 to 2012, per capita income in the region rose from $33,359 to $44,775
• We gained about 63,000 college-educated residents from
2002 to 2012, and lost 74,000 people with no such degree.
Strong Healthcare Growth, Manufacturing Flat
16
Manufacturing Continues to Drive GRP
17
18
150,000 new jobs projected in next decade
780,000 job openings by 2022
Healthcare, Business and Finance are leading growth sectors
20
Top 10 Projected Job Openings in Business and Financial
Occupations: 2013-2023
Claims Adjusters, Appraisers, Examiners, and Investigators
Cost Estimators
Credit Counselors and Loan Officers
Management Analysts
Buyers and Purchasing Agents
Financial Analysts and Advisors
Human Resources Workers
Miscellaneous Business Operations Specialists
Market Research Analysts and Marketing Specialists
Accountants and Auditors
0 1 000 2 000 3 000 4 000 5 000
21
Top 10 Projected Job Openings in Healthcare Occupations:
2013-2023
Dental Hygienists
Clinical Laboratory Technologists and Technicians
Emergency Medical Technicians and Paramedics
Pharmacists
Diagnostic Related Technologists and Technicians
Health Practitioner Support Technologists and Technicians
Physicians and Surgeons
Therapists
Licensed Practical and Licensed Vocational Nurses
Registered Nurses
0 5 000 10 000 15 000 20 000
22
Top 10 Projected Job Openings in Production Occupations:
2013-2023
Forming Machine Setters, Operators, and Tenders, Metal and
Plastic
Butchers and Other Meat, Poultry, and Fish Processing Workers
First-Line Supervisors of Production and Operating Workers
Computer Control Programmers and Operators
Machine Tool Cutting Setters, Operators, and Tenders, Metal and
Plastic
Inspectors, Testers, Sorters, Samplers, and Weighers
Welding, Soldering, and Brazing Workers
Machinists
Miscellaneous Production Workers
Miscellaneous Assemblers and Fabricators
0 2 000 4 000 6 000 8 000
Median Hourly Earnings in Occupation Groups with the
Most Projected Job Openings by 2023
Food Preparation and Serving Related Occupations
Healthcare Support Occupations
Transportation and Material Moving Occupations
Sales and Related Occupations
Office and Administrative Support Occupations
Production Occupations
Education, Training, and Library Occupations
Business and Financial Operations Occupations
Healthcare Practitioners and Technical Occupations
Management Occupations
$0,00 $10,00 $20,00 $30,00 $40,00 $50,00
24