Economy of Cleveland

maintains a facility in Cleveland, the Glenn Research Center. Jones Day, one of the largest law firms in the U.S, began in Cleveland. Cleveland and its surrounding suburbs are also home to several private equity firms including The Riverside Company, Kirtland Capital Partners, Resilience Capital Partners and Primus Capital.

The Duke Realty Corp. is one of the area's largest landlords and holds a large office building portfolio in the southern suburbs. In 2007, Cleveland's commercial real estate market experienced rebound with a record pace of purchases, with a housing vacancy of 10%.

The Cleveland Clinic is the city's largest private employer with a workforce of over 37,000 as of 2008. It carries the distinction as being among America's best hospitals with top ratings published in U.S. News & World Report. Cleveland's healthcare sector includes University Hospitals of Cleveland, a renowned center for cancer treatment, and MetroHealth medical center. Cleveland is also noted in the fields of biotechnology and fuel cell research, led by Case Western Reserve University, the Cleveland Clinic, and University Hospitals of Cleveland. Cleveland is among the top recipients of investment for biotech start-ups and research. Case Western Reserve, the Clinic, and University Hospitals have recently announced plans to build a large biotechnology research center and incubator on the site of the former Mt. Sinai Medical Center, creating a research campus to stimulate biotech startup companies that can be spun off from research conducted in the city.

City leaders promoted growth of the technology sector in the first decade of the 21st century. Mayor Jane L. Campbell appointed a "tech czar" to recruit technology companies to the downtown office market, offering connections to the high-speed fiber