Regional Economy

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the flats are back: five big and small projects reshaping the city's oldest neighborhood
After a decade of standing still, the Flats are on the move. Check out some of the newest developments changing this mixed-use neighborhood, from the Lake Link Trail to plans for a new boathouse on the Cuyahoga River.
northeast ohio automotive sector expected to outpace U.S., report says
In a report released Sunday by Team NEO, the automotive industry in Northeast Ohio is expected to hold a lot of promise in the upcoming decade. According to the report, the area has the second-largest Tier I auto production markets in the country, meaning the suppliers here make the parts the go directly on the vehicles, second only to Detroit.

Team NEO predicts the Gross Regional Product (GRP) in automotive to grow by 79 percent to become a $4.5 billion industry by ... Read more >
q&a: ronn richard, president of the cleveland foundation
In this candid, wide-ranging interview, the leader of the Cleveland Foundation discusses its centennial gifts, the Greater University Circle Initiative, the Transformation Plan and more.
keycorp report answers the question, how green is my banking?
KeyCorp's business practices are becoming as green as the currency handled by its nearly 1,000 branches nationwide, according to a recently released 2013 Corporate Responsibility (CR) Report.

In earning its eighth consecutive "Outstanding" rating on the Community Reinvestment Act exam, the financial institution has emphasized its conscientious approach to banking, citizenship and operations. That responsibly includes establishing operational policies that pr... Read more >
cleveland beer week gets hopping this weekend
A sudsy week of beer-fueled excitement is set to cure what "ales" fun-seeking Clevelanders.

The sixth annual Cleveland Beer Week has hundreds of events scheduled at an equal number of venues from Oct. 10, through Oct. 19. The usual concerts, parties, special tappings and educational programs will be held, capped off by the massive Brewzilla celebration featuring 80 beer makers pouring your favorite barley sodas.

Brewers directly involved with ... Read more >
engage! cleveland launches weeklong series of yp-friendly events
Talent attraction/retention nonprofit Engage! Cleveland has officially kicked off a series of Cleveland-friendly social activities and professional development opportunities through its first annual Cleveland Young Professionals Week.

The weeklong succession of cost-free events aimed at the youthful and talented began Monday and will continue through Oct. 11, says Engage! Cleveland executive director Ashley Basile Oeken. Each day will feature a variety of around-the-clock... Read more >
magnet announces finalists for competition championing tech-based products
The Incubator at MAGNET has announced six finalists for its first product-focused pitch contest.

The ProtoTech competition, co-sponsored by NASA Glenn Research Center,  concentrates on technology-driven wares and the companies aiming to bring those products to market. A MAGNET press release listed the finalists:

* Advanced BioSensors-Ohio, creator of a "Continuous Glucose Monitor" for diabetic patients.

* Axenic, m... Read more >
cleveland can grow alongside robust fiber optic network, says panel
 
"Think big" was the theme of an Amplify Speaker Series luncheon on making the most of Northeast Ohio's steadily developing information technology presence.

The region must continue to expand its fiber optic infrastructure alongside ongoing efforts to transform Cleveland into a bustling tech hub with worldwide reach, said a foursome of panelists during the October 1 event sponsored by Contempo Communications.

The physic... Read more >
positively cleveland president shares travel, tourism best practices to conventioneers
In a Quad-City Times feature titled “Cleveland tourism chief tells of visitor successes,” writer Jennifer DeWitt reports about a keynote speech that David Gilbert of Positively Cleveland gave at the annual Quad-Cities Convention & Visitors Bureau meeting.
 
“In his keynote speech at the annual Quad-Cities Convention & Visitors Bureau meeting, David Gilbert offered lessons on how his Ohio hometown and surrounding region have rewritte... Read more >
a new age: local groups provide resources, advocacy for cleveland's older workers
Workers aged 40 and over might not fit the typical hip innovator profile, but they are often undervalued. Some may be former CEOs of large companies, arriving with particular skill sets that mesh with growth industries like biomedicine or advanced materials.
baab writing uses bgv lessons to create its own funding
When Apryl Beverly signed up for the Bad Girl Ventures education program last spring, she had her eye set on winning the $25,000 loan awarded to one of the class finalists. What she ended up learning was how to make her business, BAAB Writing and Marketing, create its own success and income.
 
“The BGV program is geared around applying for a loan at the end of the class,” explains Beverly. “I was so, I need this money, I need this... Read more >
new york times touts detroit shoreway revitalization
A feature titled “In Cleveland, Adding Life Where Grit Once Prevailed” in the New York Times Travel section outlined recent developments in the near-west neighborhood of Detroit Shoreway. Writer Erik Piepenburg, who frequently covers Cleveland developments, penned the feature.
 
“About two miles west of downtown Cleveland, the gritty Detroit-Shoreway was once a vibrant neighborhood before it was hit hard by the exodus of big manufacturing c... Read more >
nortech hosts its first innovation un-conference, an event with no agenda
NorTech hosted its first Innovation UnConference at the Cleveland Convention Center Wednesday, September 24. It was billed as an exchange of innovative ideas with no set topic or agenda, but rather a chance for the more than 250 participants to set their own discussion topics.
 
“This is no longer NorTech’s conference -- it’s your conference,” NorTech president and CEO Rebecca Bagley told the group in her registration w... Read more >
cleveland's commercial real estate market: a heat check
Brain gain, urbanization and increased development has created a demand in downtown living space. Historically, vacant buildings in need of change are targeted for this purpose. Lately, however, buildings with office tenants are being adapted or proposed for residential.
newly-unveiled flats plan prioritizes projects, sets stage for additional development
The 2014 Flats Forward Framework Plan, which will be unveiled today at a public meeting at the Music Box Supper Club on the West Bank, offers a roadmap for the area's future. Some of the key priorities identified in the plan include preserving the area's history as an industrial corridor, further developing recreation and riverfront access opportunities, investing in infrastructure and wayfinding signage, and designating land uses to clear the way for additional developmen... Read more >