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The City of Cleveland went into default in 1978 and was $30 million in debt. The area's economy improved during the 1990s. However, The Great Recession hindered the region as the City of Cleveland's unemployment rate hit 12%. Since then, the state of the metro area's economy has improved. [1] The GDP of the region is at about $138 billion.
Footnotes / references. [1] An Eaton Corporation office building in Brossard, Quebec. Eaton Corporation plc is an Irish-domiciled [2] multinational power management company, with a primary administrative center in Beachwood, Ohio. [3] Eaton has more than 85,000 employees and sells products to customers in more than 175 countries.
ERC's mission is to assist organizations in attracting, retaining, and motivating top performing employees. ERC was founded in July 1920 as the American Plan Association of Cleveland . One of the organization’s main goals was to promote open shop employment instead of the common closed shop practice, which meant an employer was either union ...
Cleveland Clinic. Cleveland Clinic is an American nonprofit academic medical center based in Cleveland, Ohio. [ 2 ] Owned and operated by the Cleveland Clinic Foundation, an Ohio nonprofit corporation, Cleveland Clinic was founded in 1921 by a group of faculty and alumni from the Case Western Reserve University School of Medicine.
Parker Hannifin. Parker-Hannifin Corporation, originally Parker Appliance Company, usually referred to as just Parker, is an American corporation specializing in motion and control technologies. Its corporate headquarters are in Mayfield Heights, Ohio, in Greater Cleveland (with a Cleveland mailing address). [3][4]
riderta.com. The Greater Cleveland Regional Transit Authority (officially the GCRTA, but historically and locally referred to as the RTA) is the public transit agency for Cleveland, Ohio, United States and the surrounding suburbs of Cuyahoga County. RTA is the largest transit agency in Ohio, with a ridership of 22,431,500, or about 79,000 per ...
Swagelok Company is a $2 billion privately held developer of fluid system products, assemblies, and services for the oil and gas, chemical and petrochemical, [2] semiconductor, and transportation industries. Headquartered in Solon, Ohio, U.S.A., Swagelok operates through approximately 200 sales and service centers in 70 countries, and employs ...
2,500 (2013) Website. Medmutual.com. Medical Mutual of Ohio (MMOH) is an American mutual health insurance company. It is the oldest and largest health insurance company based in Cleveland, Ohio, and serves more than 1.6 million customers. [2] Employing 2,500 people, Medical Mutual is one of the biggest employers in downtown Cleveland.
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