Cleveland boasts a strong economic foundation with five Fortune 500 companies: Progressive, Cleveland-Cliffs, Sherwin-Williams, Parker-Hannifin, and KeyCorp. These companies drive growth in the city, evident in projects like the $3.5 billion Cuyahoga Riverfront transformation, set to bring over 3.5 million square feet of commercial mixed-use development.
Cleveland Clinic, a major employer, is investing $1.3 billion in a project featuring a 1 million square foot Neurological Institute and significant facility expansions. This initiative is anticipated to create more than 2,000 direct jobs and 7,500 indirect jobs.
Moreover, LabConnect ($3 million / 167 jobs) and Cleveland Kitchen (80 jobs) are among the companies expanding their operations in Cleveland with the support of tax incentives.
