Monday, December 5, 2011

AmTrust creating 800 new jobs in downtown Cleveland

Today the state Tax Credit Authority approved new incentives to 30 companies.  That's a record, folks, and it represents a major tool that the Kasich administration is using to make Ohio a more attractive place to do business in.
"It's a big day for Ohio, and it just shows that we continue to move in the right direction," said Gov. John Kasich on Monday. "And if you look at these projects, it shows that they are pretty well distributed around the state."
Photo courtesy The Plain Dealer
One of the biggest announcements is great news for downtown Cleveland. The insurance firm, AmTrust Financial Services plans to create 800 new, high-paying jobs in the city. The average salary of these new positions will be $50,000.
AmTrust will fill much of the 23-story building at 800 Superior Ave., part of a neighborhood that downtown boosters are trying to recast as a residential and business district called NineTwelve.

"We're eager to build upon our existing investments in Northeast Ohio and excited to be part of the urban renaissance in downtown Cleveland, which is in the midst of a sweeping and exciting transformation," Barry Zyskind, AmTrust's chief executive officer, said in a written statement.
While Democrats want to focus on the one piece of bad news regarding the loss of Chiquita, they strangely seem quiet whenever we get announcements like this. And these type of good news jobs announcement seem to be rolling in faster and faster lately. In the last 2-3 weeks, we've had several winners and one loser. No one said we could win them all, but we seem to be taking 8 steps forward for every step back. That sounds like progress for Ohio.


  1. I recall hearing John Kasich say he was not a fan of corporate welfare during his state of the State address. His actions speak otherwise. Let's not forget his offer of $400 million to move Sears corporate HQ to Ohio. Sears, a company predicted to tank within a year or so.

  2. I remember when JLM made an intelligent comment once. That was a long time ago.

  3. Hats off to the Kasich Administration. He started in a very deep hole after Clueless Ted stumbled out. Unlike Obama, JK does not spend all his time blaming past administrations. He has taken the reins, showed great leadership, and is following through on his promise to put Ohio back to work.

    It's about time we had a leader in charge!

    To the liberals/progressives who post here, more jobs is a good thing no matter who is in charge.

  4. That's still one more intelligent comment than we've seen from you, Bytor.

  5. Thanks Modern, but Bytey is just exercising his Young Republican Affect. When such fellows maintain that posture all their lives, they grow up to be John Kasich.


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