Gov. Mike DeWine announces plan investing $565 million in new Cleveland Innovation District, creating 20,000 jobs over the next 10 years

Gov. Mike DeWine announces plan investing $565 million in new Cleveland Innovation District, creating 20,000 jobs over the next 10 years

“We’re expecting the Innovation District will create an estimated 20,000 jobs over the next 10 years  — 10,000 of these will be direct jobs in healthcare and high-tech industries throughout the region,” DeWine said during the announcement. “The other 10,000 jobs will be indirect jobs, benefiting from the Innovation District’s investment in the region. The expected output over 10 years will create $3 billion in economic impact in Cleveland.”

Planners envision the Cleveland Innovation District to “be a center of excellence that acts as a catalyst for ongoing investment in Northeast Ohio, including the attraction of businesses and the talent needed to keep the state competitive in healthcare and IT.”

Click here to read the complete article. Since this is a breakthrough for Ohio and a developing story, you can find more related articles at Cleveland.com and Crain’s Cleveland Business.

Story excerpt provided by 3 WKYC.

Written by Ryan Haidet, Dave DeNatale and Hope Sloop.

Originally published January 26, 2021.

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