Regional Economy

job satisfaction: employee perks pay off with loyal staff that works as hard as they play
Everybody has those days when they just don’t feel like going to work. But some employers offer perks that make coming to work a little less painful. From all-you-can-eat snack bars to pursuing outside interests on company time -- and free beer! -- these companies help make coming to the office a little easier to swallow.
cleveland shakes off the rust thanks to influx of educated, young new residents
In this Forbes article written by Joel Kotkin titled “Shaking Off The Rust: Cleveland Workforce Gets Younger And Smarter Between 2000 and 2012,” Kotkin examines the growing trend of a younger, well-educated generation shying away from expensive “coast cities” to instead take up residence in the Rust Belt, especially Cleveland. 
 
“The Cleveland metro area logged a net gain of about 60,000 people 25 and over with a college degree while losing a net 70,000 of those without a bachelor’s, according to a recent report from Cleveland State University. The number of newcomers aged 25 to 34 increased by 23 percent from 2006 to 2012, with an 11 percent increase from 2011 to 2012 alone. Most revealingly, half of these people came from other states. When it comes to net migration, Atlanta, Detroit, and Pittsburgh were the biggest feeders for those arriving with a bachelor’s degree, while Chicago, Manhattan, Brooklyn and Pittsburgh sent the most net migrants with a graduate or professional degree.”
 
Kotkin goes on to explain the changing demographic of Clevelanders from past perceptions.
 
“The picture of Cleveland that emerges from the Cleveland State University study is a very different one from that to which we are accustomed. Rather than a metro area left behind by the information revolution, Cleveland boasts an increasingly youthful workforce that is among the better educated in the nation. In 2009. notes University of Pittsburgh economist Chris Briem, some 15% of Cleveland’s workforce between 25 and 34 has a graduate degree, ranking the area seventh in the nation, ahead of such “brain centers” as Chicago, Austin and Seattle. Old Clevelanders as a whole will remain undereducated, but likely not the next generation.”’
 
Read the rest of the good news here.
time out calls cleveland 'a road trip for food lovers'
In a Time Out Chicago feature titled, “Road trips for food-lovers: Cleveland,” writer Rebecca Skoch offer road-trippers a quick itinerary for food-focused visitors to our fair city.

“With a mix of old school restaurants and ambitious chefs, the Ohio city is an up-and-coming culinary destination,” she writes.
“Cleveland's restaurant and bar scene has been gaining momentum over the past few years. Celebrity chefs like Michael Symon of Lola and Lolita have taken the lead in championing local dining, and long-standing favorites are finally gaining the recognition they deserve.”

“Here are a few places not to miss during a summer weekend on the shores of Lake Erie.”

Among the places highlighted in the piece are Flying Fig, West Side Market, Sokolowski's, Greenhouse Tavern and Porco Lounge.
 
Read the rest here.
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amid growing debate, west side market's new manager makes customer outreach a priority
As the West Side Market’s new manager, Amanda Dempsey is stepping in at a time when the treasured public market is receiving unprecedented attention -- both good and unwanted. But throughout it all, she says, the focus must remain on the bond between the century-old icon and the city that embraces it.
new collaboration aims to support entrepreneurs who focus on social enterprise, sustainability
Three organizations -- LaunchHouseCivic Commons Ideastream and Economic and Community Development Institute (ECDI) -- have come together as the lead partners in supporting entrepreneurs with ideas to improve their communities.

SEA Change, a Social Enterprise Accelerator, provides up to $50,000 in funding, coaching and connections to eligible candidates trying to make a difference in Cleveland neighborhoods. “We’re funding people who have ideas to improve their communities in a sustainable way,” says Mike Shafarenko, Civic Commons director. “A number of organizations came together last November to discuss how to revive development and support of social enterprises in Northeast Ohio.”
 
Seven other groups are also involved, including JumpStart, Foundation Center Cleveland and Business Volunteers Unlimited (BVU). SEA Change is funded by the Business of Good Foundation, the Generation Foundation, the Burton D. Morgan Foundation and the George Gund Foundation.
 
Shafarenko says SEA Change emerged as the involved organizations saw a need to support the growing number of social enterprises in Cleveland. “We have a tremendous amount of talented, active people in Northeast Ohio who just don’t have the means to execute their ideas,” he explains. “The entrepreneurial spirit needs a little bit of coaching and support to take it to the next level.”
 
Examples of existing successful social enterprises include Edwins Restaurant at Shaker Square, which employs former inmates, Tunnel Vision Hoops, which manufactures and sells hoop houses to extend the growing season, and From the Blue Bag, which converts recyclables into works of art.
 
Sea Change will host training sessions on Friday, June 13 and Friday, July 11 from 9 a.m. to 5 p.m. The events will provide training, one-on-one consultation and networking to help participants get social enterprise ideas off the ground.

 
newsweek highlights lee road, the 'bitcoin boulevard' in cleveland heights
In a Newsweek article titled "Bitcoin Makes the Jump to Brick-and-Mortar in Cleveland," reporter Joe Kloc describes the details of a new digital currency, Bitcoin, and how numerous retailers on Lee Road in Cleveland Heights have adapted the system.

"Most of the customers at Mitchell’s Fine Chocolates in Cleveland Heights, Ohio, are locals who have been reared from birth on its chocolate-covered marshmallows, pecan turtles and half-dipped apricots," Kloc writes. "But lately, says Bill Mitchell, the shop’s 54-year-old proprietor, there have been some new faces."
 
Mitchell goes on to describe a fresh-faced couple who recently shopped at his store, and while the visit was unremarkable, the payment was anything but.
 
“I couldn’t even tell you what they bought,” the Mitchell confessed. But what he does remember is how the couple paid: "with about 0.12 bitcoins."

"Mitchell is one of a dozen shop owners on Lee Road in Cleveland Heights who have joined together to accept the controversial digital cryptocurrency in the hope of attracting new customers, and as a way to avoid credit card fees. Since May 1, bitcoiners have traveled to the tree-lined street in northeast Ohio from as far away as North Carolina. Here, they trade their bitcoins for ice cream cones, haircuts and handmade Colombian bracelets, and are sent off with a 'buh-bye now,' the local parlance on what bills itself as America’s first Bitcoin Boulevard."

“We don’t expect a windfall,” says Nikhil Chand, founder of the bitcoin consultancy CoinNEO, who conceived of Bitcoin Boulevard late last year. “This is about so much more -- about the hurt from the fees through traditional payment.”

Read the rest of the story here.


 
young entrepreneurs recognized at annual ceremony
Youth Opportunities Unlimited (Y.O.U.) and Ernst & Young named Thomas W. Harvey High School junior Brandon McClain "Young Entrepreneur of the Year" during its annual ceremony. McClain is CEO of B Kind Cards, which features his original photography of Cleveland landmarks. He received $1,000 and the chance to compete in the national Network for Teaching Entrepreneurship (NFTE) competition in November at the Computer History Museum in Mountain View, California.
 
Y.O.U. is a non-profit organization dedicated to helping at-risk teens succeed in life. The E-City program uses the NFTE curriculum to teach entrepreneurship, business and leadership skills and encourages participants to start their own companies. “They can go to school, take the E-City class, enter the workforce and pursue their own ideas,” explains Emily Bacha, development and marketing administrator for Y.O.U. “Lots of students go on to continue their businesses after taking the class.”
 
Y.O.U.’s E-City classes prepare students for the real business world, especially when finding a decent job or going to college can be difficult right out of high school.
 
“Teaching our students about entrepreneurism and how to start their own business is important because it provides another route to economic and personal success,” says Bacha. “A number of our alumni have sustained their businesses after finishing the program and the income they’re earning is helping them pay bills and pay for college.”
 
Eight high school entrepreneurs from Horizon Science Academy, John F. Kennedy High School, Shaw High School and Thomas W. Harvey High School had eight minutes to present their business plans to a panel of three judges on May 22 at E&Y’s new Flats-based offices.
 
The experience of presenting provides its own rewards in putting classroom lessons into practice. “Youth are tasked with presenting their business plans, but are rewarded with practical advice on how to grow their businesses from successful entrepreneurs,” says Bacha. “Our finalists are rewarded with financial investments in their businesses.”
 
In addition to McCain, Harvey senior Byron Alston, CEO of Jazzy Scarves, took second place and won $500 from Y.O.U. to put towards his business and a trip to the NFTE competition. Shaw senior and CEO of KJ’s Steam Clean Service Kevin Alexander took third place, winning $250.
 
study shows local startups are getting the funding, support they need to thrive
An annual economic impact study conducted by Center for Economic Development at Cleveland State University’s Levin College of Urban Affairs shows that companies that received support from 16 of the area’s business accelerators, incubators and other organizations generated $424 million for Ohio.
 
Of the 245 companies surveyed, 236 companies are in Northeast Ohio, generating $306.2 million in the region. These numbers reflect good news for the startup community in Cleveland. “Companies that start here are growing,” says JumpStart chief marketing officer Cathy Belk. “The fact that companies are growing and generating jobs reflects that those courageous folks jumping into the startup world are able to access great people, capital and the expertise -- and are able to lead their companies forward. The ecosystem here is robust and getting more robust all the time.”
 
Of the companies included in the latest study, 42 local businesses have participated each year over the past four years. “Over that time, they have grown payroll by $14.7 million and created and retained 134 jobs in this region,” says Belk. “This reflects that startups here are able to be successful, creating sustainable jobs for people who live here.”  
 
Belk wants to see these trends grow. “We want entrepreneurs to continue to decide to start companies in this area, and keep them here because of their ability to be successful here,” she explains. “We have to make sure we continue to have the successful startup programs and ecosystem in this region, ensuring companies are able to access the capital they need. And we must continue to help a broader number of small businesses -- including those that could create a significant number of jobs. These are all next steps for our community to maintain and accelerate our momentum.”

 
the battle for talent: what cities are doing to attract urban professionals
For today's top talent, the job market is only one thing to consider when choosing a place to live. Young professionals increasingly desire a vibrant city to plug into, a creative place where they can network with like-minded people, and a dynamic place where they can land their next job.
bizdom searches the country for its next class of talented tech startups
Startup accelerator Bizdom is looking for its ninth group of tech companies to join its three-month summer/fall session. Bizdom’s accelerator program mentors and provides companies with up to $125,000 to launch and grow their tech-based businesses in Cleveland.

"We're looking for amazing founders -- founders with passion, uncommon ideas and the technical, design and leadership skills to build a business," says Bizdom Cleveland leader Paul Allen. "We're looking for everything from an idea on a napkin to a business that's already developed a product and has one or two customers."
 
Bizdom primarily is looking for web and mobile software, and technology-enabled services companies. "We're especially interested in seeing sports, wellness, healthcare, financial tech, marketing, real estate and hospitality related business ideas," explains Allen. "Those are ones where we can really leverage the over 100 business in the Quicken Loans Family of Companies to help the startups grow bigger faster."
 
Startups are a critical part of Cleveland’s economic success, says Allen, and he describes Bizdom as the first rung on the ladder to success. "To have a thriving economy you need to have lots of smaller, more agile companies that push the boundaries with new technologies and business models," he says. "Not all of these businesses will succeed, but many will. Over time, these businesses will contribute greatly to the regional GDP. But just as importantly, they attract a highly desirable type of creative worker to the region."
 
Twelve tech companies will be accepted into the next session. The deadline to apply is Monday, June 2. The session begins on July 7. The summer session is funded $240,000 grant from the Ohio New Entrepreneurs (ONE) Fund.
 
lab chat: why the heck does drug development take so long?
Welcome to the latest round of Lab Chat, in which we try to demystify the often complex field of biomedical research. Today, our well informed post-doc takes on commercial drug development, specifically, why the heck does it take so long for prescription drugs to move from lab to local pharmacy?
 
healthcare startup outgrows launchhouse, expands to heights rockefeller building
Eugene Malinskiy already is on his third startup and he's not even 30 yet. He created his first company when he was 16, later selling both for a profit. Now he's launched Dragon ID, a healthcare innovation and design firm that has grown from zero to 20 employees in the span of just two years.

Dragon ID is a biomedical startup that helps doctors and hospitals solve healthcare problems. The firm focuses on the medical device, health IT and surgery markets, and has a cross-functional team of whizzes to help healthcare professionals create solutions. The Dragon ID team is working on a number of products, but one that's getting buzz is EuCliD, which will be used in transcatheter aortic valve replacements to help prevent emboli from breaking away and causing blood clots or strokes.

Recently, Dragon ID moved from Shaker Launchhouse to the Heights Rockefeller building, where it is currently customizing its own space, including a lab, to accommodate growth. Malinskiy says the firm will benefit from having more professional offices and a location that's closer to where employees live.

"The City of Cleveland Heights was very welcoming," he says, referencing financial incentives that helped seal the deal. "They really want us here."

Malinskiy attributes Dragon ID's growth to the booming healthcare sector in Cleveland, where he can do business with the Clinic and other big players. "Being here, companies can come to us and say, 'We have this idea, what can you do?'"

Typically, Malinskiy and his cohorts receive an inquiry, then spend time vetting it, including attending surgeries, to understand the scope of the problem and potential solution. Once a solution is identified, the team builds a digital or physical prototype. Then, if the client decides to move forward, the company invests in bringing the product market through animal and human trials.

Dragon ID is internally funded through contracts with hospitals and doctors. The company has also won grant awards from MAGNET and the Innovation Fund.
introducing cleveland, the 'entertainment capital you never knew about'
In a Travelers Today feature titled "Five Reasons Cleveland is the Entertainment Capital You Never Knew About,' writer Will Walker calls our fair city "one of largest and most underrated cultural hot-spots in the country."
 
According to Walker, here are five reasons Cleveland is the entertainment capital that's "ripe for exploration by any traveler adventurous enough to take a chance on it."
 
Rock and Roll Hall of Fame
 
"Opened in 1995 by Atlantic Records founder Ahmet Ertegun, the Rock Hall marks a must-see destination for anyone interested in Rock & Roll, music, or pop culture in general.
 
Cinematheque
 
The Cleveland Institute of Art's Cinematheque offers what the New York Times called one of the country's "best repertory movie theaters."
 
Cleveland Museum of Art
 
Cleveland has one of the "best and most important art museums in the country, boasting works from artists as diverse as Caravaggio, David, and Monet."
 
Playhouse Square
 
"The second largest theatrical complex in the country (outside of New York) Playhouse Square's nine theaters sprawl over two city blocks, casting an impressive shadow of cultural sophistication that the rest of the city can't help but take note of."
 
Cleveland Orchestra
 
According to the British music periodical Gramophone, the Cleveland Orchestra ranks as the seventh best in the world, topping every single United States orchestra outside of Chicago.
 
Read the rest of the good news here.

 
who's hiring in cle: lazorpoint, jumpstart, luscious verde...
Welcome to the latest edition of Who’s Hiring in Cleveland?
 
There are plenty of good jobs to be found here in Cleveland. This is the latest installment in a regular series of posts in which we feature companies that are hiring, what those employers are looking for, and how to apply.
 
Here’s the latest Cleveland hiring news:
 
Lazorpoint, a customer-service driven information systems consulting company, has positions available within their IT help desk. The company also needs support/system engineers, .NET application developer and a CRM architect. Visit the Lazorpoint careers page for more information on each position and how to apply.
 
JumpStart, an organization that partners with community leaders to spark the growth of new entrepreneurial companies and builds resources and support for those companies, has three positions open: a marketing principal; a director of the mentoring program development; and a product development manager. Register with JumpStart’s career center to apply for these jobs.
 
Beachwood-based Luscious Verde, creators of handmade cards, invitations and announcements, needs a rock star full time salesperson. The position pays a base salary plus commission. The candidate with a great track record will be compensated accordingly. Send resume and cover letter to the hiring manager.
 
Have hiring news you’d like to share? Email Karin at Fresh Water Cleveland and send us this information or career links!
product development company seeks to invent next big thing from the heart of lakewood
When Tim Hayes told his family as a kid that he wanted to make a cardboard box fly, they laughed at him. Yet decades later, he drew on those childhood experiences to help name his two-year-old product development company after the kind of imaginative, "blue sky" thinking that he exhibited on that day. 

Cardboard Helicopter Product Development, as it is now called, might just be inventing the next big consumer product right from the heart of Lakewood.

"I've wanted to be an inventor forever," says Hayes, an industrial designer who started the company with two childhood friends that he's known for years, Sean Barry and Carlo Russo, and fellow Cleveland Institute of Art (CIA) grad Mustafa Kalic. "That's kind of why I went to school, to do my own thing one day."

Although Cleveland isn't as well known for product development as coastal cities like San Francisco, and Hayes has watched dozens of talented coworkers leave the area over the years, the landscape is shifting. Companies are more open to ideas from outside than in the past, thanks in part to the trend of open innovation. Essentially, Cardboard Helicopter's founders spend their days pitching ideas to companies, in hopes that they'll get a chance to create the next big thing.

Hayes explains that the business is broken into three parts: contract industrial design for hire, where Cardboard Helicopter helps design a product that's already sketched out; product licensing, where the firm designs a product from scratch and then attempts to license it with a company; and manufacturing, where the company attempts to create its own products.

The company's 6,000-square-foot headquarters on Detroit in Lakewood's west end provide a veritable playground for dreaming up and creating new ideas. The upstairs is an open-space studio with a ping pong table and pool table "to help get the blood flowing once in a while," says Hayes. The downstairs has a shipping area, large kitchen and shop where products can be built and tested.

Hayes and most of his coworkers live in Lakewood and enjoy walking or biking to work. The company recently has done work for Enerco and Jokari, among others.

"In the next five years, we'll hopefully have hundreds of licensed products," says Hayes. "We're able to do everything at a very low cost, because we have industrial design resources here. [We're] about keeping creative talent here. I went to school and just watched everybody leave, but there are so many manufacturing companies here. I think people can stay here and have longevity."
fresh water managing editor pens cleveland guidebook for visitors, residents
It's been four and a half years since the first edition of "Moon Handbooks: Cleveland" was published. Considering all that has taken place in Cleveland during that time, author and Fresh Water managing editor Douglas Trattner says that for the second edition, which was released this week, he went back to the starting gate.
flashstarts launches only software mentorship program of its kind
Flashstarts, which recently won an award for best small company internship at the annual Expys, is launching a new mentorship program for aspiring software developers. The interns will be a part of a Flashstarts 12-week accelerator program – assisting the startup companies with their software needs while receiving advice and coaching from mentors who are senior software developers.

“Our mentors serve different roles, depending on their areas of expertise,” explains Flashstarts CEO and founder Charles Stack. “A lot of software developer interns haven’t had experience working in groups. We thought we’d expand that experience.”
 
Flashstarts hired 20 interns from multiple disciplines for the summer of 2013. The interns worked for 10 startup teams that participated in Flashstarts’ first accelerator class and provided each team with software development, marketing, graphic design and business management services.
 
The organization is one of only a few startup accelerators in the country to hire interns as support staff for their startups. There are still two software developer internships open for this summer’s group of startups.
 
Additionally, Flashstarts raised its follow-on funding from $1.25 million last year to $2.5 million this year. “This will give us much more follow-on funding,” explains Stack. “Teams can get up to a half-million in funding upon graduation.”
 
The accelerator teams trade eight percent equity for a $25,000 investment, office space and access to coaching and services. The summer 2014 program begins May 27.
 
who went where? a look at recently filled positions
as cleveland goes: how the local craft beer scene is shaping up
This is the first of a three-part series written by Columbus-based Kyle Kastranec that chronicles the state of craft beer in Ohio, and how it could lend insight into national trends and future growth for the entire industry. He begins with Cleveland.
 
"Over the last few years, a new wave of breweries has been reshaping the craft beer landscape along the shores of Lake Erie," he writes. "It's not the most mature market in the country; it's not even the most mature market in the region. But Cleveland, with its fleet of fledgling and developing breweries, is becoming a bellwether for national trends and craft beer's narrative arc across the country."
 
Kastranec writes how beer and breweries directly affect the local economy and the revitalization of neighborhoods.
 
"[Andy] Tveekrem returned to Cleveland in 2010 and partnered with a local entrepreneur, Sam McNulty, to launch Market Garden Brewery, a venture that kick-started the transformation and revitalization of West 25th Street and the entire Ohio City neighborhood. "When we opened, there was about 75% vacancy on West 25th between these three blocks," Tveekrem says. "Now it's zero."
 
Of course, Great Lakes Brewing played a major role in launching the craft beer scene in Cleveland and Ohio. "But more than that, the GLBC history has shaped the very fabric of the local brewing community. Everyone is connected, and all roads lead back to Great Lakes, whose culture and attention to detail has prepared the current generation of brewers to innovate, to adapt, to grow, to anticipate market demands, and most importantly, to ensure quality through it all."
 
Read the rest of this great beer feature here.