Regional Economy

travel writer swoons over cleveland visit
In a Huffington Post travel feature titled "The American Grandeur of Cleveland," contributor Sally Fay was so smitten by our city that she writes, "There are many reasons to visit Cleveland, enough to swing the vote right into moving there!"
 
She writes that "Cleveland has a character that appreciates its past while embracing the renewal of the future. In 2013, the city has a different kind of American grandeur than it did in its industrial heyday of the early 20th century, but rather than get stuck in the past and not learn the lessons from it, Cleveland has aged well into a modern, global and down-to-earth city."
 
Stops on her exhaustive visit through town included Lake View Cemetery, Cleveland Cultural Gardens, Cleveland Art Museum, Severance Hall, Museum of Contemporary Art, Cleveland Institute of Music, Rock and Roll Hall of Fame, PlayhouseSquare, West Side Market and many other stops.
 
She closes out the piece with this resounding endorsement:
 
"If you are looking for opportunities, reasonably priced real estate, cultural diversity, high culture, top medicine, professional sports and mid-western charm, pack your bags and discover the American grandeur and quality of life of Cleveland has going for it!"
 
Read the rest right here.

insivia broadens its services, expands its staff
When Andy Halko founded Insivia right out of college in 2002, he was more of a freelancer, picking up projects piece by piece. Today, the company is a full-service marketing firm working out of the Agora in Midtown.
 
“We’ve really evolved into a strategic marketing firm for our clients,” says Rick Scheeser, Insivia's director of operations. “Nowadays we’re their entire marketing department. We have a more strategic partnership with our clients, and we have a lot more control over what we do.”
 
Over the past year Insivia has developed its client base, grown into a 16-person company, and is looking to add a back-end developer and an account executive.
 
“Before we had lots of one-off projects,” says Scheeser. “Now our clients are more our partners; we’re working with them on a long-term basis.”
 
Scheeser says Insivia has developed a niche market in the manufacturing industry. “It really helps us understand how we can use technology in their businesses and communicate with their clients,” he says regarding developing an expertise in the market. “I don’t think you could be in Cleveland without helping manufacturing companies.”
 
Another niche evolves around small tech startups. But Scheeser says no matter what the industry, Insivia gets to know the inner workings of the client. "It’s all about learning about our clients,” he says. “We focus on long-term objectives from a marketing perspective. It allows us to really own the results, instead of just one small piece.”
 
Source: Rick Scheeser
Writer: Karin Connelly

nine northeast ohio biomed companies named to inc. 5000
Nine local biomedical companies were named to this year’s Inc. 5000 list, a tally of the fastest growing companies in the country in terms of jobs and revenue. Inc. measured revenue growth from 2009 to 2012.
 
The list represents companies across every industry, but the number of area biomed companies named to the list is encouraging to the growing biomed industry in Cleveland.
 
“It’s a very exciting time right now in Northeast Ohio for the biomedical industry," says Aram Nerpouni, president and CEO of BioEnterprise. “It’s a little bit of validation here that you can really grow and thrive in the region.”
 
Nerpouni says the list reflects a combination of young startups and more established companies. Cleveland-based Bravo Wellness, founded in 2008, ranked 888 overall on the Inc. 5000 list. The company, which provides health insurance consulting, ranked 68 on the top 100 health companies. Bravo added 94 jobs in the past three years.
 
Twinsburg-based CoverMyMeds ranked at the top of the Ohio healthcare companies at 96 on the Inc. 5000 list. The company added 32 employees in the past three years.
 
“You’re beginning to see a lot of young companies looking at the area,” says Nerpouni of the Health Tech Corridor, located between University Circle and the Campus District. “We should start seeing more and more activity.” Already, 500,000 square feet have opened up in the area in the last six months, with 80 percent occupancy.
 
In 2012, 43 Cleveland biomedical companies raised $227 million in equity funding.

 
Source: Aram Nerpouni
Writer: Karin Connelly
cleveland among top metros for college grads
In a The Atlantic report titled “The Best U.S. Metros for Recent College Grads Looking For Work,” writer Richard Florida shares a lengthy report on which areas in the United States offer the best opportunities for the newly minted young and educated looking to start life in the “real world.”
 
While the standard San Francisco, Boston, Seattle, and Austin metros continue to receive high marks, others such as New York City, Chicago, and Los Angeles leave much to be desired for they younger generation.
 
Cleveland may not have broken the Top 10 just yet, but it does place in the Top 20, and is on the move.
 
“The good news is that Rust Belt metros like Detroit, Pittsburgh and Cleveland appear to have turned the corner. These metros have a lot to offer highly educated recent grads: affordable housing, a low cost of living, authentic neighborhoods, and revitalizing cores, as well as a relatively high level of job openings for in fast-growing highly-educated fields.”
 
Enjoy the complete report here.

a mighty wind: thousands pledge to buy wind-fueled power
As the nation's first freshwater offshore wind project cranks up off the coast of Cleveland, thousands of people are pledging to pay a little more for a power source that supporters say will improve the environment, create local jobs and advance the nation's energy security.
bgv earns outstanding non-profit honor, is kiva zip trustee
Bad Girl Ventures recently was honored by the SCORE Foundation as Outstanding Non-Profit Organization for its work with entrepreneurs in starting their businesses. BGV works with SCORE mentors in its business education classes.
 
“BGV has been using SCORE mentors and services since 2010,” says Reka Barabas, director of BGV Cleveland. “We tap into their expertise and we match up our finalists with SCORE mentors.”
 
Additionally, BGV is now a Kiva Zip trustee, meaning it can recommend businesses for zero-interest loans for up to $10,000 through that organization. “Bad Girl Ventures is the first Kiva Zip trustee in Ohio,” says Barabas. “We have a two-pronged approach to helping female-owned businesses. We provide education, and if they have a strong business plan and are ready to go, they have access to capital. Having these partnerships really helps our mission.”
 
Two BGV Cleveland graduates already have been identified as candidates for the Kiva Zip loan. Anne Hartnett received a 2012 $5,000 BGV loan for Harness Cycle, which is opening this fall in Ohio City. Paula Hershman, owner of Storehouse Tea Company, is one of the first Cleveland graduates of the BGV program and will use the Kiva Zip loan to expand her business. One more graduate will be endorsed this year.
 
BGV business education courses also offer the opportunity to receive a $25,000 low-interest loan. The application deadline for the fall session is September 1.
 


Source: Reka Barabas
Writer: Karin Connelly
i live here (now): len gray, legal entrepreneur
Len Gray, a young attorney and Memphis native, has relocated to Cleveland to launch his legal startup Inlaw.me, an online recruiting aid that connects legal employers with candidates. What attracted him was the local business community's spirit of collaboration and enthusiasm.
hello, cleveland: couple's dream music club taking shape in the flats
If all goes as planned, an ambitious new supper club with two stages for live music and outdoor dining will open on the west bank of the Flats next spring. Pursuing that dream are Mike and Colleen Miller, marketing and concert industry vets who lived in Chicago before moving back to Cleveland.
detroit transit draws more inspiration from rta health line
In a Detroit Free Press story titled “Metromode: From freeway to busway? The call for bus rapid transit,” writer Kim North Shine details Detroit’s M1 light-rail line, which is set to begin construction shortly.
 
Shine writes of the inspiration Detroit’s BRT drew from cities such as Denver, Las Vegas, Portland, and Cleveland.
 
“We were very impressed. We came away thinking if Cleveland can do it, so can we.” [Southeast Michigan Council of Governments transportation planner] Carmine Palombo says. “When you were on it, it felt like a bus, but it looks more like a rail vehicle. Most importantly, it ran quickly. Getting on or getting off was much different than a bus. There are much larger doors, no steps, curb boarding. You could see the economic development. It was clean. You sort of got the best of both worlds there. … You could see how it would work for us.”
 
Check out the complete article here.

katie holmes in cleveland garnering media buzz
In a RadioTimes item called "Katie Holmes shoots new movie in Cleveland," the media outlet writes that the actress has had a busy summer shooting multiple films.
 
"Katie Holmes has snuck into Cleveland to film low budget Hollywood indie movie Tootaloo. The Dawson’s Creek star has had a busy summer, filming Paul Dalio's Mania Days in New York, with co-star Luke Kirby, about two depressed lovers, who meet in a psychiatric hospital."
 
The Tootaloo crew has been spotted in and around University Circle, including at Judson Manor and at United Methodist Church.
 
Read all about it here.

25k grant up for grabs at enterprise innovation awards
Enterprise Community Partners is hosting its second annual Leadership in Community Innovation Awards, providing the winner with a $25,000 unrestricted grant for non-profit organizations that are creating community development solutions in Cleveland.
 
Last year’s winner was the Ohio City Market District, which attracted 30 new businesses to the neighborhood through its grant program, creating 300 jobs.
 
This year, Enterprise is introducing the Nurture an Idea Award, which recognizes a group with an innovative idea. The winner will receive $10,000 and a team of advisors that will help bring the idea to fruition.
 
“The Nurture an Idea Award is about the future,” says Kathy Matthews, an Enterprise program director. “It’s an award for an idea that hasn’t been implemented yet and needs the wind at its back to move it forward.”
 
In addition to the $10,000 awarded to the winner, a few finalists will be selected to participate in a Crowdrise fundraising campaign. Ohio Savings Bank will award $10,000 to the organization that raises the most money.
 
The application deadline is September 6.

 
Sources: Kathy Matthews
Writer: Karin Connelly
biomotiv announces $46m in capital raised in effort to speed medicines to market
BioMotiv, a pharmaceutical accelerator formed last year to speed early-stage medical developments to market, announced last week that the company has now raised $46 million in total capital, adding Nationwide Mutual Insurance and several individual investors to original investors University Hospitals and the Harrington Family Foundation.

Additionally, BioMotiv announced Monday that the company has formed a multi-million dollar, seven-year partnership with San Diego-based Torrey Pines Investment, a specialty life sciences investor. “We have now raised $46 million in total funding,” says BioMotiv CEO Baiju Shah. “This further investment partnership will expand capital available for projects by up to $20 million through co-investment by Torrey Pines.”
 
Shah says BioMotiv has just started to identify projects of interest and started development work on those projects. The partnership with Torrey Pines expands the scope of BioMotiv’s work. “We’re pleased with the prospective partnership,” says Shah. “It’s been in the works for about nine months now. In the partnership we will jointly invest in projects -- one in the cancer area and two projects in neuroscience.”
 
Shah says BioMotiv is also working on developments in several other fronts, including anti-inflammatory and blindness. “Our mission is to accelerate breakthrough discoveries in medications that actually benefit patients,” says Shah. “These are medications that are in the early stages of clinical validation -- phase one or two patient studies. Once we prove it works in patients, then we’re in a place to partner with agencies to get it to market.”
 
Cleveland is the hot spot for companies like BioMotiv, Shah says, making it attractive to companies like Torrey Pines. “Cleveland is an incredible medical innovation environment,” he says. “We are on the global radar for medical innovations, so it’s easy for us to find partners. In many ways, healthcare is our defining industry as a community.”
 
BioMotiv currently has eight employees, but Shah says they will be adding staff as the company continues to grow.

 
Source: Baiju Shah
Writer: Karin Connelly
usa today writer praises noodlecat
In a USA Today feature titled “Great American Bites: Top-notch Asian flavors sourced from Ohio,” writer Larry Olmsted praises Cleveland chef Jonathon Sawyer and the two-year-old Noodlecat, inspired by Tokyo and New York noodle houses.
 
Olmsted opens discussing the unique atmosphere and its popularity in the community, but like all food writers, focuses much of his attention on the important aspects: the food.
 
"A former downtown pizzeria has been turned into one of Cleveland's hippest casual eateries. Two-year-old Noodlecat, inspired by Tokyo and New York noodle houses, is the work of beloved Cleveland chef Jonathan Sawyer, renowned for his focus on local and sustainable ingredients, food sourcing and extensive in-house, from-scratch preparation."
 
“While there are a handful of dinner entrees, the bulk of the menu is small plates and noodle dishes, each of which is available as a large full portion ($11) or a half order ($6). This makes Noodlecat great for grazing or tapas-style dining, though the entrees are quite good as well.”
 
Check out the full travel piece here.

lakewood's ideation challenge will award access to key resources
Lakewood is looking for a few entrepreneurs to join its business community through its third annual Ideation Challenge. Anyone with a business idea is welcome to submit a business plan for consideration. “We make it really simple,” says Mike Belsito, director of Ideation for Startup Lakewood and co-founder of e-Funeral. “All it takes is a simple two- to three-page summary. And if people qualify we invite them to give a quick elevator pitch.”

Applicants have until Friday to submit their summaries. Four finalists will be chosen to give a two-minute elevator pitch in front of an audience and a panel of judges at a Startup U event on August 27. Two winners will be announced at the September Startup U event.
 
The theme of this year’s challenge is “access,” as in access to resources often out of reach to new entrepreneurs. The winners of the challenge will receive a lunch meeting with Lakewood mayor and entrepreneur Michael Summers; a half hour meeting with investor Christopher Celeste; an elevator pitch session with Belsito, SociaGram co-founder Ryan O’Donnell and DecisionDesk co-founder John Knific; a scholarship to a nine-week Bad Girl Ventures course; and other useful tools to get their businesses started.
 
All applicants are invited to ask for feedback on their business plans. While only one of the winners must be a Lakewood resident, the hope is that both winning businesses will set up shop in the city. “We hope that some of these businesses get started in Lakewood, but it’s all about helping people,” says Belsito. “The goal of the competition is to help people take the next step with their ideas for new products or businesses.”

 
Source: Mike Belsito
Writer: Karin Connelly
right school right now launches bold campaign to inform families about school choice
There are now dozens of high-performing charter and public schools in the City of Cleveland. Yet a culture of school choice still is not the norm in many Cleveland neighborhoods, and as many as 60 percent of city families have not yet chosen a school to attend.

With the deadline looming on August 19th, those families that do not proactively choose a school will be enrolled in their neighborhood school, which may or may not be the best option depending on how the school is ranked on State of Ohio report cards.

Perhaps most startling is the fact that many high-performing schools in the city have empty seats waiting to be filled even as kids are enrolled in failing schools.

That's why the Transformation Alliance has launched an unprecedented campaign to "promote one common goal of driving enrollment to high-performing schools," says Megan O'Bryan, a nonprofit veteran who is its new Executive Director.

"The ultimate goal of the Transformation Alliance is to ensure that every child in Cleveland attends an excellent school and every neighborhood has a portfolio of high-quality school choices," says O'Bryan. "Our goal is to fill empty seats in the high-performing schools, and over time, drive demand to these good choices. In the marketplace, that demand will then naturally drive out low-performers."

Parents can learn more about school ratings at the Right School Right Now site. The group has completed three different mailers to 25,000 households promoting school choice options. Fliers have been passed out through local community groups. Families can also call 211 to learn more about school ratings.

"The goal is to get parents to look at the info and say, 'My child's school is in Academic Watch, but two miles away there's a school rated Excellent. Why?'"

Although the Transformation Alliance and this campaign are so new that they do not yet have formal goals, O'Bryan says the aim is a "cultural shift" that will take time. "I took this job because it’s an opportunity to create that cultural shift. It's very important for every single resident and the region that this shift occurs. It's a matter of equality and social justice. It's about economic success for our region."


Source: Megan O'Bryan
Writer: Lee Chilcote
gay games wants $50m economic impact shared by small businesses
When the Gay Games come to Northeast Ohio next August, 30,000 athletes and spectators are expected to descend upon Cleveland, visiting the city’s attractions, staying in area hotels, eating in restaurants and using other services.
 
Organizers are making sure small businesses know the impact the games could have on them, as well as how they can get their names out there. A local staff of 10 organizers has hosted two events targeted at small business sponsorship. A third event will be held Tuesday, August 27 at Stonetown Restaurant at 5:30 p.m.
 
"Gay Games 9 will have a $50 million economic impact on the region,” says Mary Zaller, director of development for the Gay Games. “I want as many small businesses as possible to get a piece of that pie.”
 
Small business sponsorships range from $500 to $14,000, making it affordable for companies of almost any size to get involved. “For just $500, a small business can be a sponsor of the Gay Games and get our logo on their website and their logo on our website, program and social media,” notes Zaller. “It gives small businesses the power to put themselves out there and show their support of the LGBT community and of equality and equal rights.”
 
Seventy-five percent of the events planned will take place in downtown Cleveland, with the remaining being held in Akron. “You don’t have to be gay, you don’t have to be good, you just have to be 18 to participate,” says Zaller. “We’re all about inclusion, participation and your personal best.”
 
Cleveland is the smallest city to ever host the Gay Games, which started in 1980 and takes place every four years. Previous host cities include San Francisco, New York, Chicago, Sydney, Amsterdam and Vancouver.

 
Source: Mary Zaller
Writer: Karin Connelly
software entrepreneur has his eye on the sky with plans for lakefront skylift
If Jon Stahl of LeanDog fulfills his ambitious dream -- as he so often does -- Cleveland could see a string of elevated skylifts along the lake shore. With a planned 11-stop system, the tramway would move passengers between places like the Municipal Lot, Burke Lakefront Airport, the Convention Center, Wendy Park, Edgewater Park, and both banks of the Flats.
creative placemaking reframes how residents and visitors experience neighborhoods
Recent grants awarded to the Collinwood and St. Clair Superior neighborhoods are allowing them to proceed with arts- and culture-based projects each hopes will revitalize their communities and boost their economies. The efforts are part of a larger national movement known as creative placemaking.
west side market defying trend of waning markets
In a Salon article titled “Fight the farmers market backlash!” Henry Grabar outlines the fate of traditional central markets, which sadly are becoming a dying breed.
 
Long the heart, soul and larder for every great city on the planet, central marketplaces are vanishing from modern life.
 
"As wholesale markets were reimagined, a parallel shift occurred in retail food delivery, as one-stop-shops replaced butchers and bakers, and supermarkets absorbed the customer base of traditional markets. Now, online shopping in turn is eroding the support of brick-and-mortar groceries. Urbanites have fewer encounters with the food supply today than at any point in history.
 
Bucking that trend is the West Side Market.
 
“That’s not to say that permanent, public markets are a thing of the past. Those that have survived, like Cleveland’s West Side Market, have ridden the current wave of popularity through financial difficulties.”
 
Read the complete article here.

new compass biomed will speed delivery of stem cells to needy patients
Arteriorcyte, a developer of stem cell products and medical devices, has launched Compass Biomedical to speed up the delivery to patients three Arteriocyte stem cells products. Created in December 2012, Compass officially got underway in June.
 
“The purpose of Compass is to help solve the issues in getting stem cells to patients,” says Kolby Day, Compass Biomedical vice president and general manager of research and development. “The challenges are having enough stem cells and improving the tools used.”
 
Compass supplies three product lines used to grow stem cells for research and in clinical settings. The products mimic bone marrow and promote the growth of stem cell cultures. “Arteriocyte is more the research and development company, while Compass is more of the team that sells, markets and gets those products into the hands of people who can use them,” says Day.

Compass has hired four people since December. As Arteriocyte develops new products, Day expects Compass will in turn expand its team. “We want to continue to build the sales team and continue finding products to sell,” he says. “We anticipate bringing in at least two to three products in the next six months, and we will be hiring based on demand.”

 
Source: Kolby Day
Writer: Karin Connelly