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Cleveland, Ohio

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Cleveland is the county seat of Cuyahoga County, the most populous county in the U.S. state of Ohio. The municipality is located on the southern shore of Lake Erie, in the Western Reserve in northeastern Ohio on the Cuyahoga River, approximately 60 miles (100 km) west of the Pennsylvania border. It was founded in 1796 near the mouth of the river, and became a manufacturing center owing to its location at the head of numerous canals and railroad lines. With the decline of heavy manufacturing, Cleveland's businesses have diversified into the service economy, including the financial services, insurance, and healthcare sectors.

As of the 2000 Census, the city proper had a total population of 478,403, making it the 33rd largest city in the nation and the second largest city in Ohio. Recent estimates from the United States Census Bureau show it to currently be the 36th largest in the nation.

The local economy

Cleveland is the corporate headquarters of many large companies such as National City Corporation, Eaton Corporation, Forest City Enterprises, Sherwin-Williams Company, and KeyCorp. NASA maintains a facility in Cleveland, the Glenn Research Center. Jones Day, one of the largest law firms in the world, traces its origins to Cleveland, and its Cleveland office remains the firm's largest.

Cleveland has also become a world leader in health care and health sciences. The world-famous Cleveland Clinic, the area's largest employer, is one of the highest-ranked hospitals in the United States as tabulated by U.S. News and World Report. Cleveland's healthcare industry also includes University Hospitals of Cleveland, a noted competitor of the Clinic's which is ranked #18 in cancer research, and MetroHealth medical center.

Cleveland is emerging as a leader in biotechnology and fuel cell research, led by Case Western Reserve University, the Cleveland Clinic, and University Hospitals of Cleveland. Cleveland is now one of the top areas in receiving seed money for biotech start-ups and research. Case Western Reserve, the Clinic, and University Hospitals have recently announced plans to build a large biotechnology research center and incubator on the site of the former Mt. Sinai Medical Center, creating a research campus to stimulate biotech startup companies that can be spun off from research conducted in the city.

Source - Wikipedia: Cleveland, Ohio

Recent Cleveland business news

News headlines via: Topix.net
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See also

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