Community leaders want to harness the wind in Cleveland. The future of wind turbines is here, with the recent arrivals of turbines at Lincoln Electric and Olympic Steel. And more are on the way. This industry is why GLWN is hosting a two-day summit, Making it Here: Building Our Next Generation Supply Chain. GLWN is an international supply chain advisory group and network of manufacturers. Their mission is to increase the domestic content of North America's wind turbines.
The summit will cover the biggest issues in supply chain challenges when it comes to bringing turbine manufacturing to the region. "The conference deals with some of the biggest issues: technology, business development and political issues," says Ed Weston, director of GLWN in Cleveland. "With the heavy concentration of supply chains in the region and access to Lake Erie, Northeast Ohio is an ideal location for wind turbine factories."
Cleveland historically has been a leader in harnessing the wind. In fact, Charles Brush built the first automatically operated wind turbine for electric production in 1888. He used the turbine to power his house on 38th Street and St. Clair Avenue.
"Nearly 100 years later, the industry was commercialized in Cleveland with government-subsidized programs," says Weston. "In the late 1970s and early 1980s NASA was building turbines that were larger than anything we see today. Then wind turbines went out of vogue in America because the government lost interest."
While the industry was exported to Europe in the 1980s, Weston is optimistic he can bring it back to Cleveland. "The challenge is we're competing with companies that have been making parts for many years, so they have an advantage on us," he says. "But ur advantage is most of the parts are very big and don't travel well. With a turbine OEM and a busy supply chain, the number of jobs created would be in the thousands."
Source: Ed Weston
Writer: Karin Connelly
Huntington showed its commitment to Cleveland last week with the opening of 10 branches in area Giant Eagle stores, with plans for eight more on the way.
"The 10 openings have created 77 jobs to date," says Huntington's Greater Cleveland president Dan Walsh. "By the end of the year we will create more than 100 jobs in Cleveland. With the Giant Eagle openings we are one of the largest markets in Cleveland, and by 2012 we will be the largest."
Over the next four years the bank plans to open a total of 45 branches in the region, creating 300 new jobs. "It shows our dedication," says Walsh. "As a lifelong Clevelander, one of the really exciting things about Huntington is its dedication to Cleveland. This Giant Eagle endorsement is another way of talking the talk."
The new branches will tout the convenience of being in the Giant Eagle stores, with extended hours and banking seven days a week. In addition to the 45 branches in Giant Eagle, Huntington has 62 free-standing branches.
Walsh says Huntington just wants to be a part of the economic growth in the region. The bank is the top SBA lender in Cleveland, with a $4 billion commitment to invest in small businesses. "We believe Cleveland is a great place of opportunity," says Walsh. "We expect through these investments we'll catalyze our economic share. Huntington's really thrilled to be a part of this economic growth."
Source: Dan Walsh
Writer: Karin Connelly
The Fund for Our Economic Future has awarded $5.3 million in grants to six regional economic development organizations collaborating to improve Northeast Ohio's economic competiveness. The Fund has been awarding these year-long grants since 2004.
"Part of what we do through grant making is develop a system in Northeast Ohio that we know hits on things that work," says Brad Whitehead, president of the Fund. "The purpose is to advance the economic agenda in Northeast Ohio."
The Fund for Our Economic Future is a collaboration of more than 100 foundations, organizations and philanthropists from across Northeast Ohio that strengthens the region's economic competitiveness through grant making, public engagement and research.
The grant recipients are: BioEnterprise, JumpStart, MAGNET, Minority Business Accelerator 2.5+, NorTech, and Team NEO. "Collectively, these six organizations have strengthened Northeast Ohio's economy contributing more than 2,000 new jobs, $47 million in payroll and attracting $371 million in capital," explains David Abbott, chairman of the Fund and executive director of the George Gund Foundation.
These six organizations best represent and support industries that have great growth potential -- namely manufacturing in emerging markets.
"Early on we identified the areas in which we need to work on, and we've tried to have constancy in these organizations," says Whitehead. "For a long time people thought that because we're a manufacturing economy that that was a bad thing. What we're learning is Northeast Ohio manufacturing is still an important part of our economy. We're turning old growth manufacturing into new growth products. Manufacturing is cool again."