September 2009 + Aerospace-related Sectors Piloted Northeast Ohio to New Heights
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 aerospace-related sector. Findings include that Northeast Ohio GRP for the sector has grown
59% since 1993, now representing 24% of all manufacturing. With significant regional growth in the industries that supply to
the aerospace sector, the collective $8 billion cluster of these industries is helping to transition the Cleveland Plus
regional economy.
- This is a Sector Comprised of Highly Sophisticated Industries: Fabricated Metal is 21%, Navigational, Measuring
& Control Instruments is 20%, and Aerospace Product & Parts is 12% of aerospace GRP
- Higher Paying Jobs: The skills needed for this sophisticated sector are more advanced and reflected in 36% higher
average wages than other industries in the region
- Strength Throughout Region: The more than 2,300 firms whose products and processes are instrumental to the
aerospace sector are disbursed throughout the entire Cleveland Plus region
- Major aerospace suppliers headquartered in Northeast Ohio include: NASA Glenn Research Center, Parker Hannifin, The
Timken Company, Goodrich
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