Why Northeast Ohio: Our Strength & Opportunity
According to Team NEO, the Northeast Ohio region has 2 million employed workers and home to over 800 headquarters.
The 2024 Fortune 500 list by Fortune Magazine was published earlier this month and below is the list of regional companies, headquartered in Northeast Ohio, and their ranks reported from Cleveland.com.
Fortune 500 companies:
55: Progressive Insurance
176: Sherwin-Williams
185: Cleveland-Cliffs
204: The Goodyear Tire & Rubber Company
216: Parker Hannifin
331: FirstEnergy
386: KeyCorp (KeyBank)
446: The J.M. Smucker Co.
450: Avery Dennison
492: RPM International Inc.
Fortune 1000 companies include:
537: TransDigm Group Inc.
662: The Timken Company
696: Applied Industrial Technologies
722: Lincoln Electric
773: Medical Mutual
779: Diebold Nixdorf
863: Avient Corporation
951: MasterBrand, Inc.
972: Nordson Corporation
This list does not include the many large corporations who also call Northeast Ohio home with headquarters elsewhere but it does show the strength of our region.
In our region, the production of leading consumer products, vital materials, and essential services creates a robust business environment. Beyond the surface, a deeper narrative unfolds. According to analysis from Cerity Partners, as reported by Cleveland.com, the Cleveland index of publicly traded companies has consistently outperformed the S&P 500 since 2010. However, a pressing challenge looms: filling 50,000 job vacancies, as highlighted in the same report.
Navigating this staffing challenge is a pivotal discussion that we have with our clients and industry partners. Traditional staffing approaches no longer suffice in today's evolving landscape. Employees and the fractional workforce articulate new demands and priorities in their job searches. Our approach involves deeply listening to both clients and applicants, ensuring optimal matches between talent and opportunity. Flexibility is paramount, requiring all parties to embrace innovative solutions for mutual success.
Amidst this ongoing talent shortage, it is crucial for companies across Greater Cleveland to amplify the region’s appeal as a place to live, work, and enjoy life. Our region boasts advantages like a low cost of living, exceptional outdoor amenities (including top-tier park systems and waterfronts) and access to renowned companies and healthcare facilities.
We are eager to champion the stories of Cleveland, Akron, Canton, and our broader region. By supporting businesses of all sizes and fostering the growth of individuals in our talent community, we aim to continue to showcase the vibrancy and potential of the place we call home.