Regional Economy

Cleveland's once-fragile arts sector is shaping the future
A few years ago, local arts groups faced declining audiences. Today, many of these organizations have reinvented themselves and begun to thrive -- or at least turned the corner.
investments in cleveland biomed companies on the rise
Ohio is no longer flyover country when it comes to attracting venture capital for biotech companies. In 2014, Cleveland had $398 million in investments among 40 companies, ranking second in major Midwest cities behind Minneapolis. Yet access to local capital remains a concern.
this week in cleveland: hope for the city and much more
This week, join Sustainable Cleveland at Old Stone Church for the kickoff of the Hope for the City series, see Booker T. Jones at the Music Box, view three versions of Blade Runner at the Cinematheque, and sample local brews.
cleveland playhouse named one of the 10 best regional theatres in u.s.
"The year 2015 marks the 100th anniversary of the Cleveland Play House, the country’s first professional regional theater. Over the decades, the company has created more than 1,300 productions, seen by more than 12 million people."

Read the full story here.
cle knowledge jobs could be a magnet for international talent
Cleveland's knowledge-driven "eds and meds" sector, which stands 11th nationwide in total employment, is a major factor in luring high-skilled immigrants to the North Coast.
welcome to shaker heights, the city of immigrants and entrepreneurs
Built as an elite garden suburb, Shaker Heights has reinvented itself through attracting startups, nourishing small businesses and welcoming international families.
ecdi trainings help prepare entrepreneurs for success
new sustainability director sees a green future for cuyahoga county
As the first director of the newly-created Cuyahoga County Department of Sustainability, Mike Foley has visions of Cuyahoga County being a leader in green practices.

“I absolutely believe Cuyahoga can be the greenest county in the state,” Foley says. “We are lucky to have a lot of smart people, good public officials and a solid base of residents and businesses who understand that reducing our carbon footprint is the only sane alternative in the face of climate change.  But I also don’t believe this is a county-by-county competition. Cuyahoga should become as green as possible because it’s the right thing to do." 

Last week, Cuyahoga County executive Armond Budish launched the Cuyahoga County Department of Sustainability and announced Michael Foley as its first director and Shanelle Smith as its first deputy director.

According to a news release,the sustainability department will promote economic development activity that supports businesses that provide environmentally sustainable products and services; educate the public about environmentally sustainable practices; and collaborate with businesses, nonprofit organizations, and government agencies to develop programs incorporating environmentally sustainable methods into accepted practices.

Foley says his priority is to make environmentally-friendly practices understandable and accessible to all businesses and residents in the county. While he is still getting his feet wet in the new position, Foley has a background in environmentalism and energy efficiency issues as a member of the Ohio House of Representatives.

“Climate change is important to the county, to the state, to the nation, to the world, and we need to address it,” Foley says. “I want to be a part of the minds to work on this stuff. I think that economic and social benefits come to those who adopt renewable and energy efficiency measures as soon as possible. Everybody, everywhere needs to be working towards the same greenhouse gas reduction goals in order to stave off real harm to the planet.”

Some of Foley’s early goals include investing in energy efficient technologies, solar power and collective buying power for groups. “You can’t do it one-off, you want to be a part of a group,” he explains. “We really want to make energy efficiency and green energy, such as solar power, more normal and not such a complicated concept.”
health-tech corridor vision is becoming a reality
The Health-Tech Corridor was once a forgotten stretch of Euclid Avenue. Today the three-mile stretch between downtown and University Circle has become a hub of growing biotech and startup companies, with another round of development on the way.
who's hiring in cle: wheedle, triple analytics and more