Cleveland A Region Seeing Construction Jobs Growth in Recession Recovery

Cleveland A Region Seeing Construction Jobs Growth in Recession Recovery

Development occurring across Northeast Ohio, where the recession's deep freeze left empty lots in housing developments and half-finished building skeletons in shopping centers. Today, downtown Cleveland is booming with new hotels, an Ameritrust rotunda in the process of being revitalized and the first office tower in decades.

According to the Federal Reserve Bank of Cleveland, construction employment in Greater Cleveland last September was still 16 percent below the pre-recession rate.

Nevertheless, Joel Elvery, a Federal Reserve economist, is cautiously optimistic.

"A lot of (commercial) projects were put on hold during the recession because they couldn't get financing," Elvery said. "Now that the finance system has started working again, loans have become available, so we have a backlog of projects."

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