The Emerging Cleveland and Northeast Ohio

UNIVERSITY CIRCLE: University Circle Institutions are Job Engines, Study Finds. ***



Michelle Jarboe of the Plain Dealer reported September 5, 2010: “¶ Hospitals, institutions and other nonprofit groups have been creating jobs and fueling construction projects in University Circle, laying the foundation for more apartments and other private development in the neighborhood. ¶ Since 2005, 17 organizations in the University Circle area have added the equivalent of 4,540 full time jobs, according to a study scheduled for release this week. Those organizations could create 2,900 more jobs within five years, expanding their collective work force to a projected 36,758 full[time positions. ¶ The study was jointly paid for by community development group University Circle Inc. and the Finch group, a Florida developer that has been investing in the area. Projecting growth through 2015, the research could be a valuable tool for developers considering projects between East 90th and East 120th streets. ¶ “It’s hard to find anywhere else in the region or the state of Ohio, for that matter, that has incurred growth in a down period,” said Chris Ronayne, president of University Circle Inc. and a candidate for the new Cuyahoga County Council.”


Posted by Lytle T. Davis on December 27th, 2010 3:37 AMPost a Comment (0)

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