As a corporate attorney, Candace Klein has worked with a lot of women who own businesses. She saw many of her clients struggling to stay afloat -- maxing out personal credit cards and mixing personal and business accounts to make ends meet. "My heart went out to them," she recalls. She began researching alternative financing options and discovered a hard truth: Women have a harder time getting financing for companies than men.
So Klein decided to do something about it. In 2010, she formed her own company, Cincinnati-based Bad Girl Ventures. BGV is a localized microfinance company that educates women and helps them successfully fund their companies.
Since 2010, more than 200 businesses have applied for Klein's program, of those 125 have been educated and 18 have been financed with a total of $310,000. "Our goal is to remove as many barriers to accessing financing as possible," says Klein.
Now Klein is bringing Bad Girl Ventures to Cleveland. This October, entrepreneurs will be able to enroll in Klein's eight-week program to learn the basics behind running and financing a successful business. The participants will have the opportunity to compete for $25,000 in funding after completing the program.
Bad Girl Ventures will have one full time employee in its Cleveland location, while Klein will divide her time between Cincinnati and Cleveland. She hopes to have 50 applicants for the first class.
"Significant jobs will be created from our investment in these businesses," she says, adding that 37 jobs have been created in Cincinnati from the 18 companies she's helped.
Klein has gotten support from the Cleveland Foundation, the Business of Good Foundation, KeyBank and the City of Cleveland.
Source: Candace Klein
Writer: Karin Connelly
Students from St. Martin dePorres High School in Cleveland are sprucing up their neighborhood. Thirty three students created 11 murals based on the cultural background and institutions in the St. Clair Superior neighborhood.
The murals were installed on Tuesday into vacant storefronts between East 60th and East 64th Streets as a way to liven up that section of St. Clair Avenue near the school, eliminating blight and creating interest in the corridor.
"It really came together well because the students really learned about the culture of the area, and that is reflected in the art," says Jamar Doyle, project and commercial development director for the St. Clair Superior Development Corporation. "We wanted to brighten up the area so it wouldn't look so drab."
The project was organized by St. Martin dePorres service coordinator Mary Grasla and art teacher Michelle Brickner. Funding came from a Cleveland Cityworks grant and support from DayGlo Color, which is based in the neighborhood.
The murals are portable, so they can move from one storefront to another as the vacancies are filled. At least one vacant storefront in the project has already been filled by a sandwich shop. Placement of the murals is up to the building owners.
The project was such a hit, the school is considering making it a yearly thing. "We may continue the project as a learning piece," says Doyle. "It was a lot of fun."
Source: Jamar Doyle
Writer: Karin Connelly
Four years ago, Susan Borison and Stephanie Silverman were regular moms who were struggling to make the right choices while raising their children. Though they found plenty of resources addressing issues regarding young children, they found a void as their children reached adolescence. So the Beachwood-based moms started their own magazine, Your Teen.
"I have five kids and parenting magazines started to be irrelevant when they hit age eight," explains Borison. "I used to say to my husband, 'I want the next magazine,' and he said, 'Just do it.'"
So, with no background in journalism or publishing, the two women set out and launched Your Teen in 2008. The goal was to address the daily struggles of raising a teenager. Today, the magazine is published quarterly and goes out to 20,000 homes and is available at Barnes and Noble bookstores in Ohio, Michigan and Pennsylvania. The magazine has a staff of five, plus interns.
"We want to empower parents to feel knowledgeable and raise their kids in a way they feel comfortable," says Borison. The mag covers everything from substance abuse and sexuality to driving and mental health. They tap experts such as Ellen Rome, head of adolescent medicine and the Cleveland Clinic, and Judy Stenta of Bellfaire JCB, for insight and advice, and host panel discussions three times a year.
"We kept falling on people who wanted to help us," says Borison of the resources they have. "The generosity of sharing their time and knowledge is incredible. We just get 'yes' over and over."
Source: Susan Borison
Writer: Karin Connelly
Mike Perry has a rather strange hobby. In his spare time, the president of Szarka Financial Management uses his skills as a hiring manager to help people spruce up their resumes and find new jobs.
"It all started when one of the financial managers literally walked a client into my office and said, "so-and-so got laid off from the Cleveland Clinic. Can you take a look at her resume?'" explains Perry. "So I sat down with her. Soon, I had a parade of clients, family members, and friends coming to me."
In the three or so years he's been doing it, Perry estimates he's consulted with nearly 500 people -- free of charge. He sees eight to 10 resumes a week, from everyone from tool and die makers to CEOs, and he has an 85-percent success rate finding his 'clients' new jobs. Additionally, Perry speaks to job-seeking groups on a regular basis and has a job-seeking tips blog, In the Business of You.
Perry speaks from experience. "When I was laid off from KeyBank in 2001, I found there's a lot of inaccurate and poor advice for job seekers," he says. "When the economy took a turn for the worse, I saw it as a chance to pay it forward. People are getting terrible advice on how to get a job. I don't rewrite people's resumes. I give them the tools to do a much better job of it."
Source: Mike Perry
Writer: Karin Connelly
Car salespeople often have the reputation of being slick and shady. But Mark Dubis thought, "What if there was a way for those dealerships and salespeople who do a good job to get the recognition they deserve?" So Dubis created Carfolks.com in 2008, an interactive Facebook-style site for the auto sales industry. Based in Lakewood, he's been tweaking the site since then. Now the site is at "full speed."
"People who are good don't have the tools to have a virtual brag book," Dubis explains. "We're the only website in the country that has an interactive map of every dealer in the country. Any consumer can log on and rate any salesperson in the country."
The concept is simple: Give customers a forum to share their car-buying experiences with the dealership and salesperson. The site allows prospective customers to find dealerships with strong customer focused attitudes. Dealerships and their sales teams are rated for their performance, and all reviews are posted on the site. Dealers have the opportunity to contact the customer and work to ensure the customer issues are addressed.
"The majority of customers are happy or satisfied, they just don't have a way to say it," says Dubis. He likens the site to Carfax. "Carfax validates the vehicle, Carfolks validates the dealer. Carfolks is essentially word of mouth advertising."
Carfolks.com currently employs three people. As the site grows, the company plans to hire at least four people in sales and programming positons.
Sustainable Cleveland 2019 (SC 2019), an effort by the City of Cleveland and local environmental groups to promote sustainability as a means of growing the economy in Northeast Ohio, will soon have a physical home in Tower City Center.
Andrew Watterson, Cleveland's Chief of Sustainability, says the purpose of the new Sustainable Cleveland Center is to promote efforts to green Northeast Ohio, provide central meeting space for environmental groups, and offer affordable shared office space for companies and nonprofits working to advance sustainability within the region.
"We're increasing our audience by putting the Mayor's Office of Sustainability into a more public space," says Watterson. "Forest City has been extremely generous by donating the space, and we've signed a two-year lease."
The Office of Sustainability will set up shop on the second floor of a two-story retail space that is accessible from the Huron Road entrance to Tower City Center. A number of regional companies, including GE Lighting, Alcoa and Eaton Corporation, have donated materials for the build-out.
Watterson stresses that the Sustainable Cleveland Center is a "collaborative effort" that will ultimately house many partners. The nonprofit Entrepreneurs for Sustainability (E4S) has indicated an intent to lease space on the first floor, but has not yet signed a lease. A range of other companies and organizations have indicated a desire to showcase products, information and materials.
Watterson hopes the center will eventually lead to the creation of a sustainable business incubator in downtown Cleveland. "We're testing the idea out at a scale that's manageable," he says. "In the meantime, it provides us with an excellent way to tell the story of what's happening with sustainability in Cleveland."
Source: Andrew Watterson
Writer: Lee Chilcote