June 2009 + Professional, Scientific and Technical Services Generates Opportunities
Team Northeast Ohio (Team NEO) released the latest edition of the quarterly Cleveland Plus® Economic Review today with a focus on the region’s growing Professional, Scientific and Technical (PS&T) Services sector. GRP for the sector has grown 79% since 1993, outpacing the nation’s average in several industries. Fueling this growth is the region’s strong heritage of invention, a strong base of significant research institutions, and a growing entrepreneurial sector. Also noted in the report:
- PS&T has added 21,000 new jobs in NEO since 1993 – 20% of total job creation (1 in 5 new jobs)
- Scientific Research and Development growth in Northeast Ohio has more than doubled U.S. growth in the same time period