News

Nature's Touch Frozen Foods will invest $40.3 million to expand an InterChange Group facility to become a 126,000 square-foot, state-of-the art, environmentally sustainable production facility in Virginia. The investment will create 67 jobs in Warren County. Silverlode assisted the companies with the crafting of a public-private partnership to support their continued growth in Virginia.

Cleveland Clinic reported $34.55 billion of economic activity in the U.S. in 2019. Silverlode conducts economic and fiscal impacts for Cleveland Clinic every three years. The most recent study was published in collaboration with Cleveland Clinic's 100th anniversary celebration. See a summary of Silverlode's economic and fiscal impact study here: A Vital Force in Ohio's Economy

Ohio's craft breweries supported 8,300 jobs and generated an estimated $100 million in state and local taxes in 2020, despite struggling with state-mandated taproom closures, restricted alcohol sales, workforce challenges, and numerous other challenges. Silverlode's most recent OCBA study highlights the magnitude of this small-business industry and its estimated $881 million of economic activity in Ohio.

Silverlode's third economic impact study for University Hospitals quantifies the health system's role as a major economic driver in Ohio. The system's operations and construction activities support an estimated 67,000 jobs and $10.3 billion of economic activity in the state. Almost 45,000 Ohio households are supported by UH.

Silverlode completed its third economic impact report for JumpStart, a Cleveland-based business development service provider. Startups and small businesses that received assistance from JumpStart Inc. and/or its partners generated more than $1.2 billion in economic output in Ohio and western New York in 2020. Nearly $300 million of this output was generated by Black and Latino-led companies.