corenet global real estate ceu course jim robey, phd team neo
TRANSCRIPT
![Page 1: CoreNet Global Real Estate CEU Course Jim Robey, PhD Team NEO](https://reader038.vdocuments.us/reader038/viewer/2022110211/56649eba5503460f94bc2140/html5/thumbnails/1.jpg)
CoreNet GlobalReal Estate CEU Course
Jim Robey, PhDTeam NEO
![Page 2: CoreNet Global Real Estate CEU Course Jim Robey, PhD Team NEO](https://reader038.vdocuments.us/reader038/viewer/2022110211/56649eba5503460f94bc2140/html5/thumbnails/2.jpg)
Regional Economic Development
Who is Team NEO?
![Page 3: CoreNet Global Real Estate CEU Course Jim Robey, PhD Team NEO](https://reader038.vdocuments.us/reader038/viewer/2022110211/56649eba5503460f94bc2140/html5/thumbnails/3.jpg)
Team NEO: The Region’s Sales Force
Generate Business Attraction
Opportunities
Executewith State and
Communities to Close Deals
Promote Regional Teamwork
3
Team NEO’s Strategic Focus
Team NEO advances Northeast Ohio's economy by attracting businesses worldwide to the 16-county Cleveland Plus region.
Team NEO’s Mission
![Page 4: CoreNet Global Real Estate CEU Course Jim Robey, PhD Team NEO](https://reader038.vdocuments.us/reader038/viewer/2022110211/56649eba5503460f94bc2140/html5/thumbnails/4.jpg)
NEO Regional Economic Development System
![Page 5: CoreNet Global Real Estate CEU Course Jim Robey, PhD Team NEO](https://reader038.vdocuments.us/reader038/viewer/2022110211/56649eba5503460f94bc2140/html5/thumbnails/5.jpg)
What Are the Economic Gurus Saying for 2011?
![Page 6: CoreNet Global Real Estate CEU Course Jim Robey, PhD Team NEO](https://reader038.vdocuments.us/reader038/viewer/2022110211/56649eba5503460f94bc2140/html5/thumbnails/6.jpg)
What the Gurus say for GDP in 2011, or who is zooming who?
• RSQE/Michigan: 2.1% (2.9 in 2012)• Kleinhenz and Associates: 2.9%• FRB Philadelphia (% of forecasters)
– Negative growth: 3.9%– 0 to .9% 4.3%– 1.0 to 1.9% 12.2%– 2.0 to 2.9% 32.4%– 3.0 to 3.9% 28.3% 79.4%– >= 4.0% 18.7%
![Page 7: CoreNet Global Real Estate CEU Course Jim Robey, PhD Team NEO](https://reader038.vdocuments.us/reader038/viewer/2022110211/56649eba5503460f94bc2140/html5/thumbnails/7.jpg)
Other Forecast Factors (US)• Inflation: 1.4% (‘11)—some energy basis• Real Disposable Income:
– 2011: 1.5%– 2012: 1.7%
• Light Vehicle Sales: returning markets– Annualized 2002 to 2007: ~17 million– 2009: 10.4 million (actual)– 2010: 11.5 million– 2011: 12.7 million– 2012: 14.8 million
• T-bills: cheap money– 2011: .1%– 2012: .2%
![Page 8: CoreNet Global Real Estate CEU Course Jim Robey, PhD Team NEO](https://reader038.vdocuments.us/reader038/viewer/2022110211/56649eba5503460f94bc2140/html5/thumbnails/8.jpg)
Optimism in Place?
Source: Kleinhenz and Associates
![Page 9: CoreNet Global Real Estate CEU Course Jim Robey, PhD Team NEO](https://reader038.vdocuments.us/reader038/viewer/2022110211/56649eba5503460f94bc2140/html5/thumbnails/9.jpg)
News of the Week
• Precision Metal Forming Association: 15% of members have staff on layoff versus 85% in April 2009 (Crains)
• NEOSA CIO Survey for 2011 (www.NEOSA.org)
– 55% expect budget increases
– 53% expect compensation to increase (44% no change)
– 49% expect to increase head count
• 3rd Quarter GDP growth (annualized) is estimated at 2.5%
• October Statistics
– US existing home sales: 4.43 million
– US new home sales 283k (under expectations)
– Durable goods orders: -3.3
– All factory orders: -.9%
– Construction spending: .7% (consensus was -.4)
![Page 10: CoreNet Global Real Estate CEU Course Jim Robey, PhD Team NEO](https://reader038.vdocuments.us/reader038/viewer/2022110211/56649eba5503460f94bc2140/html5/thumbnails/10.jpg)
More Recent News
• November Statistics– Michigan Consumer Sentiment: 71.6 (up)– Consumer Confidence: 54.1 (up and above consensus)– US employment growth 39k (138k expected)
• FOMC (economy.com) :– Fed funds rate: 00-.25 for “an extended period” – Low risk of inflation
• Moody’s Survey of Business:– Global business in “funk”– Weak expect but continued growth
![Page 11: CoreNet Global Real Estate CEU Course Jim Robey, PhD Team NEO](https://reader038.vdocuments.us/reader038/viewer/2022110211/56649eba5503460f94bc2140/html5/thumbnails/11.jpg)
11Source: Moody’s Analytics
![Page 12: CoreNet Global Real Estate CEU Course Jim Robey, PhD Team NEO](https://reader038.vdocuments.us/reader038/viewer/2022110211/56649eba5503460f94bc2140/html5/thumbnails/12.jpg)
Cleveland Plus Tracking Close to U.S. Rate
Source: Ohio LMI
![Page 13: CoreNet Global Real Estate CEU Course Jim Robey, PhD Team NEO](https://reader038.vdocuments.us/reader038/viewer/2022110211/56649eba5503460f94bc2140/html5/thumbnails/13.jpg)
![Page 14: CoreNet Global Real Estate CEU Course Jim Robey, PhD Team NEO](https://reader038.vdocuments.us/reader038/viewer/2022110211/56649eba5503460f94bc2140/html5/thumbnails/14.jpg)
14
![Page 15: CoreNet Global Real Estate CEU Course Jim Robey, PhD Team NEO](https://reader038.vdocuments.us/reader038/viewer/2022110211/56649eba5503460f94bc2140/html5/thumbnails/15.jpg)
A Slight Up Tick:Manufacturing Employment
Source: BLS
![Page 16: CoreNet Global Real Estate CEU Course Jim Robey, PhD Team NEO](https://reader038.vdocuments.us/reader038/viewer/2022110211/56649eba5503460f94bc2140/html5/thumbnails/16.jpg)
Access to Light Vehicles: 12+ Million
![Page 17: CoreNet Global Real Estate CEU Course Jim Robey, PhD Team NEO](https://reader038.vdocuments.us/reader038/viewer/2022110211/56649eba5503460f94bc2140/html5/thumbnails/17.jpg)
United Airlines CEO Smisek says Cleveland must 'earn its hub status every day‘
Crains: 11-10-10
![Page 18: CoreNet Global Real Estate CEU Course Jim Robey, PhD Team NEO](https://reader038.vdocuments.us/reader038/viewer/2022110211/56649eba5503460f94bc2140/html5/thumbnails/18.jpg)
Capital: Balancing the Costs for Energy
![Page 19: CoreNet Global Real Estate CEU Course Jim Robey, PhD Team NEO](https://reader038.vdocuments.us/reader038/viewer/2022110211/56649eba5503460f94bc2140/html5/thumbnails/19.jpg)
Advanced Energy Portfolio Standard
• At least 25% of supply for each Ohio utility must come from “advanced energy” sources by 2025– At least ½ (12.5%) from renewable– At least ½ from inside Ohio
• Requirements begin at end of 2009, ramp-up to 2025
• Alternative compliance payment if utilities fail to comply
![Page 20: CoreNet Global Real Estate CEU Course Jim Robey, PhD Team NEO](https://reader038.vdocuments.us/reader038/viewer/2022110211/56649eba5503460f94bc2140/html5/thumbnails/20.jpg)
What is Advanced Energy?
• Wind• Solar• Storage• Smart Grid• Nukes• Biomass• E Transportation• Energy Efficiency• Clean Coal (carbon sequestration) • Fuel Cells
![Page 21: CoreNet Global Real Estate CEU Course Jim Robey, PhD Team NEO](https://reader038.vdocuments.us/reader038/viewer/2022110211/56649eba5503460f94bc2140/html5/thumbnails/21.jpg)
21
![Page 22: CoreNet Global Real Estate CEU Course Jim Robey, PhD Team NEO](https://reader038.vdocuments.us/reader038/viewer/2022110211/56649eba5503460f94bc2140/html5/thumbnails/22.jpg)
Capacity Utilization in US
End
![Page 23: CoreNet Global Real Estate CEU Course Jim Robey, PhD Team NEO](https://reader038.vdocuments.us/reader038/viewer/2022110211/56649eba5503460f94bc2140/html5/thumbnails/23.jpg)
Source: CoStar
![Page 24: CoreNet Global Real Estate CEU Course Jim Robey, PhD Team NEO](https://reader038.vdocuments.us/reader038/viewer/2022110211/56649eba5503460f94bc2140/html5/thumbnails/24.jpg)
24 Source: CoStar
![Page 25: CoreNet Global Real Estate CEU Course Jim Robey, PhD Team NEO](https://reader038.vdocuments.us/reader038/viewer/2022110211/56649eba5503460f94bc2140/html5/thumbnails/25.jpg)
A Good Overbuilt Transportation Infrastructure
Source: US Census Bureau
![Page 26: CoreNet Global Real Estate CEU Course Jim Robey, PhD Team NEO](https://reader038.vdocuments.us/reader038/viewer/2022110211/56649eba5503460f94bc2140/html5/thumbnails/26.jpg)
US Forecast for Holiday Sales
• National Retail Federation– 2010
• Up 2.3% from 2009• Forecast at $447.1 Billion• 25 to 40% of all sales for some retailers are in this
period
– 2009• Up .4% over 2008• Total retail last Holiday season $437 Billion
26
![Page 27: CoreNet Global Real Estate CEU Course Jim Robey, PhD Team NEO](https://reader038.vdocuments.us/reader038/viewer/2022110211/56649eba5503460f94bc2140/html5/thumbnails/27.jpg)
![Page 28: CoreNet Global Real Estate CEU Course Jim Robey, PhD Team NEO](https://reader038.vdocuments.us/reader038/viewer/2022110211/56649eba5503460f94bc2140/html5/thumbnails/28.jpg)
For the State of Ohio
Source: US Census, Current Population Survey
![Page 29: CoreNet Global Real Estate CEU Course Jim Robey, PhD Team NEO](https://reader038.vdocuments.us/reader038/viewer/2022110211/56649eba5503460f94bc2140/html5/thumbnails/29.jpg)
29
Need to Ramp Up: Population 25+ Educational Attainment
CLE MSA Raw
CLE MSA Share US Share
Less than 12th grade
236,871 16.7% 15.5%
High School Grad
450,977 31.8% 29.6%
Some College/Associates
389,302 27.5% 27.5%
Bachelors or Higher
340,462 24.0% 27.4%
Source: Claritas
![Page 30: CoreNet Global Real Estate CEU Course Jim Robey, PhD Team NEO](https://reader038.vdocuments.us/reader038/viewer/2022110211/56649eba5503460f94bc2140/html5/thumbnails/30.jpg)
30
Organizations that Budget for Education and Training
NMean Percentage
of Annual Compensation Budget Range133 3.69% 1-25%
Trends in the Budget for Education and TrainingOver the Last Three Years
Response Frequency PercentStayed the same 133 31.52%Increased over the last 3 years 57 13.51%Decreased over the last 3 years 51 12.09%Did not respond 181 42.89%Total 422 100.00%
![Page 31: CoreNet Global Real Estate CEU Course Jim Robey, PhD Team NEO](https://reader038.vdocuments.us/reader038/viewer/2022110211/56649eba5503460f94bc2140/html5/thumbnails/31.jpg)
31
Participants’ Ranking of Challenges to Making New EmployeesSuccessful Over Time –
Frequency of Participants Who Ranked Each Challenge as Their Most Commonly Experienced
Challenge FrequencyAbility to learn (e.g., acquiring the right skills and experience for the job)
109
Attendance/showing up ready to work on time 48
Willingness to learn new skills 39Behavioral issues (e.g., attitude, employee conflicts, substance abuse)
30
Attrition due to workers moving on to another employer 17
Organized labor requirements 16
![Page 32: CoreNet Global Real Estate CEU Course Jim Robey, PhD Team NEO](https://reader038.vdocuments.us/reader038/viewer/2022110211/56649eba5503460f94bc2140/html5/thumbnails/32.jpg)
32
Frequency of the Usage of Various Methods of Recruitment by Type of Position
Recruitment Methods
Type of Position
Entry Non-Entry
Newspaper 144 137
Temporary agency 121 89
Employee referral 175 159
Internet 148 173
Promotions 104 186
Other 50 42
Of 422 responses
![Page 33: CoreNet Global Real Estate CEU Course Jim Robey, PhD Team NEO](https://reader038.vdocuments.us/reader038/viewer/2022110211/56649eba5503460f94bc2140/html5/thumbnails/33.jpg)
33
29 colleges and universities
nourish talent pool• 175,000 students• 26,000 BA/BS
degrees awarded annually
Labor Pool: Broad & Deep
![Page 34: CoreNet Global Real Estate CEU Course Jim Robey, PhD Team NEO](https://reader038.vdocuments.us/reader038/viewer/2022110211/56649eba5503460f94bc2140/html5/thumbnails/34.jpg)
Ned Hill: The Competitive Advantage of Northeast Ohio
•Required areas of product improvement•Education & workforce (incumbent workers)•Entrepreneurial management•Workplace flexibility
•Areas of demonstrated competitive competence•Headquarters, insurance, banking & health care•Materials production/fabrication•Chemistry•Industrial design•Secondarily: logistics
![Page 35: CoreNet Global Real Estate CEU Course Jim Robey, PhD Team NEO](https://reader038.vdocuments.us/reader038/viewer/2022110211/56649eba5503460f94bc2140/html5/thumbnails/35.jpg)
What We are Working On71 Active Leads
18 Advanced Energy Opportunities14 Manufacturing Facilities
17 Bioscience Opportunities5 Manufacturing Facilities
Potential Investment:Jobs: 10,420Payroll: $265,355,645Capital Investment: $1,549,854,268
![Page 36: CoreNet Global Real Estate CEU Course Jim Robey, PhD Team NEO](https://reader038.vdocuments.us/reader038/viewer/2022110211/56649eba5503460f94bc2140/html5/thumbnails/36.jpg)
Factors Affecting Decisions
• Energy Costs– Oil/Diesel: Deepwater Drilling?– Marcellous Shale: 50 Trillion FT3 potentially
recoverable
• Currency: is the US a good investment?– Near par with Canada– Weakening against the Euro (closer to low than
high)– Losing strength against Pound– Weakening against Yen
![Page 37: CoreNet Global Real Estate CEU Course Jim Robey, PhD Team NEO](https://reader038.vdocuments.us/reader038/viewer/2022110211/56649eba5503460f94bc2140/html5/thumbnails/37.jpg)
Additional Factors
• Mid Term Elections– Federal: control of House and Senate– Ohio: Governor and Senate
• Affecting:– State Deficit: estimated as high as $8.8 billion– Health Care– Tax Structure– Spending – Policies
![Page 38: CoreNet Global Real Estate CEU Course Jim Robey, PhD Team NEO](https://reader038.vdocuments.us/reader038/viewer/2022110211/56649eba5503460f94bc2140/html5/thumbnails/38.jpg)
Thank you.Comments or Questions?
Jim Robey, PhD
VP for Research
Team NEO
www.clevelandplusbusiness.com
216-363-5420
38