Regional Economy

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Fund for Our Economic Future approves $3m in awards
The members of the Fund for Our Economic Future (the Fund), a philanthropic collaboration, have approved $3 million in funding to advance business development and job creation in Northeast Ohio, with the end goal of growing the regional economy so that all people benefit.

The recipients include:

Team NEO:  a one-year award of up to $650,000 to support the advancement of a shared, regional economic competitiveness strategy, business development and economic r... Read more >
Cleveland is #2 - in mortgage affordability
According to online mortgage resource HSH.com, a homeowner must earn $32,523 in order to own a home in Cleveland. The only city with a lower threshold was Pittsburgh, for which the figure was $31,134. The highest must-earn income for home ownership was $147,996 for San Francisco.

From HSH.com:

"HSH.com took the National Association of Realtors’ (NAR) 2015 fourth-quarter data for median-home prices and HSH.com’s 2015 fourth-quarter average interes... Read more >
Interest free loans for Mt. Pleasant residents
The Saint Luke’s Foundation recently awarded a grant to the Hebrew Free Loan Association (HFLA) of Northeast Ohio to provide interest free loans of up to $5,000 to the residents in the Mt. Pleasant neighborhood who are in need of home repair or funds to purchase side yards.

Qualifications include income that will allow repayment of the loan, a co-signer and quotes from an insured and bonded contractor. Loan checks will be written directly to the service provider. Pe... Read more >
New downtown YMCA set to open at Galleria in March
The YMCA's 40,000 square feet of premium health and wellness space is finally set to open at its new home in the Galleria.

Current members are invited to the two-story Parker Hannifin Downtown YMCA  starting March 21, with a grand opening celebration slated for March 29, says marketing director Amanda Lloyd.

Amenities at the much-anticipated facility include over 70 pieces of cardio and strength equipment and a three-lane lap pool. Members can also enjoy... Read more >
Russo brothers ignite rumors about next "Avengers" effort to film in CLE
Didn't Fresh Water just report on the benefits of the Ohio Motion Picture Tax Credit? Why, yes, we did. And then this pops into our feed from MoviePilot:

"They didn’t share any 'Captain America: Civil War' spoilers, but directors Joe and Anthony Russo told fans that 'Avengers: Infinity War' could land in Cleveland.

'It’s on the list,' said Anthony.

The reveal took place Saturday during a Wizard World Comic-Con... Read more >
Motion Picture Tax Credit translates into box office hit for local economy
The Ohio Motion Picture Tax Credit has created the equivalent of 1,729 full-time jobs since 2011 and generated more than $400 million in economic impact - and Northeast Ohio has had a starring role in all of it.
Metroparks to hold seasonal job fair
While summer may feel far away, college students will be returning home with their requisite manbuns and proclivity to wear slippers as shoes in a blink. They will soon join area high school juniors and seniors, who are already eyeing residential couches with plans to become one with them from June through August.

It does not have to be this way.

On Sunday March 6 and Saturday March 19 from 11 a.m. to 2 p.m., the Cleveland Metroparks invites those students, along... Read more >
Calabrese advocates for transit funding at Statehouse
Joe Calabrese, CEO and General Manager of the Greater Cleveland Regional Transit Authority (RTA) advocated for more transit funding in testimony on Feb. 16 at the Statehouse.

"RTA is the largest public transportation agency in Ohio. My employees, who reside in 16 of Ohio counties, serve approximately 50 million customers each year in Cuyahoga and several neighboring counties," said Calabrese in his address.

"Public transit in Ohio is a $900 million... Read more >
Hemlock Trail set to make all the right connections
A multi-purpose trail planned for the City of Independence will serve as a connecting point with the Towpath Trail while also catalyzing the region economically, planners say.

Construction of Hemlock Trail is scheduled for the first quarter of 2017 following a $500,000 grant the project received from the Ohio Department of Natural Resources Clean Ohio Trails fund. The money will cover a portion of the venture while Independence offi... Read more >