Economic Development
Mission
The mission of the City of Beachwood's Economic Development effort is the proactive pursuit of improving the economic base of the City, focusing on enhancing the tax base, increasing the number and quality of jobs available to local residents, improving the visual quality and enhancing the exposure and visibility of the City.
Overview
The City fulfills this mission primarily through the retention of existing businesses, attraction of new businesses and the facilitation of property development.
Location/Contact
Brad Sellers- Interim Economic Development Director
25325 Fairmount Boulevard
Beachwood Ohio, 44122
Phone: (216) 292-1915
Fax: (216) 292-1989
Monday - Friday,
8:00 a.m. to 4:30 p.m.
Merle S. Gorden - Mayor
25325 Fairmount Boulevard
Beachwood Ohio, 44122
Phone: (216) 292-1901
Fax: (216) 292-1984
Press Release - Beachwood Planning Economic Future
SZD - Economic Development Action Plan (Presented 10/10/11)
Beachwood Chamber of Commerce Magazine
Digital Edition of the 2011 Beachwood Chamber of Commerce Magazine
SZD Preliminary Findings
Economic Developments
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Tremco Incorporated
Tremco headquarters recently completed a multi-million dollar renovation of their 40 year-old building. This showcase of sustainability is one of the US Green Building Council's few LEED-Gold certified facilities in the State of Ohio. |
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Beachwood High School
A new classroom wing, performing arts suite, and physical education addition highlight the construction plans, which also include enhancements to the facility's utilities and technology infrastructure. While phases of the project will be completed sooner, the project is scheduled to be completed in its entirety by the Fall of 2013. |
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Kathy Risman Pavilion
A 60,000 square foot pavilion adjacent to University Hospitals Ahuja Medial Center features outpatient primary and specialty care. This facility has an independent patient entrance with a protective canopy and an internal connection with the hospital for efficient coordination of medical care. |
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Eaton Corporation World Headquarters
Construction is underway on the 580,000 square foot LEED certified global headquarters which will house approximately 700 Eaton employees. The facility will be located on 53 acres and will feature covered parking, walking trails, a fitness center, conference and meeting spaces, and an auditorium. |
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Porsche Beachwood
Ohio's largest exclusive Porsche dealership opened this Fall 2011. Penske Automotive Group multi-million dollar renovation and expansion on Chagrin Blvd. will be Cleveland's Center for all things Porsche. |
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Nordstrom
With a total interior facelift, Nordstrom patrons will enjoy a completely refreshed shopping experience by year end including their latest restaurant concept, 6th & Pine, a hip diner with the heart of a deli. |
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Beachwood Municipal Service Center
The City of Beachwood recently relocated its municipal service operation to a 170,000 square foot facility in Commerce Park enabling over $4 million in equipment to be protected from inclement weather. This relocation also improved stormwater management. The site features 5,000 ton salt storage, a 100% increase to the City's existing supply. |
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University Hospitals Ahuja Medical Center
A 144 bed full-service hospital with adjacent medical office building. The nearly $150 million project is Phase One of a multi-stage construction program with plans to grow to 600 beds and three medical office buildings. |
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Mandel Jewish Community Center of Cleveland
A $15 million transformational renovation and expansion of its 130,000 square foot facility offering opportunities to enjoy leisure, recreation, culture, sports and fitness. |
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Fuchs Mizrachi School
An Orthodox Jewish college preparatory day school consolidating its early childhood, lower and upper school programs into a new $20 million 100,000 square foot building. |
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Beachwood Plaza
Currently undergoing nearly a $500,000 renovation of 30,000 square feet of interior offices, common area, restrooms, exterior windows, doors, parking deck and landscaping. |
Have space to lease?
Please download and fill out the Notice of Available Commercial Leasing Space (77K PDF) form.
Completed forms should be emailed to Brad.Sellers@BeachwoodOhio.com
Looking for a Beachwood address?
Please download and fill out the Request for Available Commercial Leasing Space (77K PDF) form.
Completed forms should be emailed to Brad.Sellers@BeachwoodOhio.com
News
Services and Amenities Offered
The success of your business is in our best interest! From our strategic partnerships, to our resourceful staff and large network of property owners, we can provide the type of assistance you need to help your business thrive.
A variety of resources targeted to all sizes and types of businesses:
Large to Small companies-
- Site selection help is available for land or office space.
- A variety of business development services, including financing and technical assistance is available to support your growth.
- We conduct yearly outreach visits to assist with specific expansion and retention needs.
For assistance, call (216) 292.1901.
Growth and Potential - Beachwood Business Facts
Beachwood invests time and resources to foster continuous development which makes Beachwood an ideal location for economic growth…and your company.
- Approximately 2,500 businesses with more than 20,000 employees
- Over four million square feet of commercial space, including over 1.3 million square feet of retail space
- Over 100,000 people coming through Beachwood daily to work, shop and dine
- Six hotels with 1,204 rooms and 24,980 square feet of meeting room space, with $46 million in recent investment activity; an additional ten hotels with 1,392 rooms and 12,145 square feet of meeting room space in the Beachwood area
Large Corporations in Beachwood
Several well-known, large companies have locations or corporate headquarters in Beachwood, including Cleveland Clinic Regional Hospitals, Bank of America Card Services, Developers Diversified Realty Corporation, University Hospital’s Ahuja Medical Center and Tremco Inc.
Business Development Projects
Since November 2008:
Total Investment: $325 million
Total Jobs: 2,623 (New 1,456; Retained 1,167)
We establish a mutually beneficial relationship with our businesses and support your plans to expand or improve your facilities. And we welcome the opportunity to assist companies to relocate to Beachwood.
Recent, exciting development projects in our City include:
- Expansion
- Developers Diversified Realty Corporation (2009): Added 140,000 square feet to its headquarters.
- New Construction
- University Hospital’s Ahuja Medical Center (2010): A state-of-the-art, 144-bed, seven-story facility that is 432,000 square feet, located on 53 acres at Richmond Road and Harvard.
- Renovation /New Occupancy
- Jewish Community Federation/Mandel Building (2010): $16 million project to move the Federation to Science Park Drive.
Employment Connection (EC)
Employment Connection (EC) helps employers and job seekers connect, improving the competitiveness or our local economy..
Employers: EC can help assess your workforce needs, provide you with information about hiring incentives, help you develop a recruiting strategy and even assist you with the recruitment process through pre-employment screening, testing, on-site interviews and other services. Training grants may also be available to assist you with improving the skills of current employees, or to get necessary training for new hires.
Job-Seekers: EC can enhance your job-seeking skills by providing job search and placement assistance; making employer connections; providing workspace; and assisting you with self-directed services at home or at their facilities.
EC is a collaboration between the City of Cleveland and Cuyahoga County, and serves residents and businesses in Beachwood at no charge. For more information, contact Mike Daly at 216-898-8368, or see EC at www.employmentconnection.us.
2010 Census Information
| County |
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Cuyahoga |
| Area |
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5.2 Square Miles |
| Location |
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East of Cleveland off I-271 |
| Incorporated as a Village |
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1915 |
| Attained City Status |
|
1960 |
| Residential Population |
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11,953 Residents
5,064 Households |
| Race |
|
White = 77.3%
Black = 13.7%
Asian = 7.4% |
| Age |
|
Under 14 = 14.9%
15 - 24 = 8.4%
25-59 = 37.9%
60+ = 38.7% |
| Median Age |
|
52.5 years |
| Occupation |
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Executive, Managerial, Professional = 62% |
| Education |
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Bachelors Degree or Higher = 52% |
| Housing Lots |
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Range from 50-foot to 200-foot lots |
| Home Prices |
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Range $129,000 to over $1 million |
| Owner/Renter |
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Owner occupied: 3,152
Renter occupied: 1,912 |
| Persons Per Household |
|
2.16 |
| Average Family Size |
|
2.88 |
| Income Tax Rate |
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2.0% (reciprocity at 100%, up to 2.0%)
Effective 1/1/11 |
| Residental Effective Tax Rate |
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65.69 (per $1,000 value) |
| Commercial Effective Tax Rate |
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72.74 (per $1,000 value) |
| Cuyahoga County Sales Tax Rate |
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7.75% of sale |
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