Regional Economy

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bad girl ventures congratulates finalists in spring biz plan competition
On Thursday, May 2, Bad Girl Ventures celebrated nine finalists in its business plan competition during its spring 2013 graduation ceremony at The Galleries at CSU, announcing the winner of its $25,000 BGV loan and other awards.

Jewels Johnson, owner of the Sugar Plum Cake Company, earned the $25,000 loan for her custom cake bakery. She plans to use the loan to open and expand her new physical store and offices, as well as develop her Devour! Gourmet Baking Mixes line.Read more >
preservation nation covers story of playhouse square restoration
In a Preservation Nation Blog post titled “Cleveland’s PlayhouseSquare Theaters Set Stage for World’s Largest Theater Restoration Project,” guest writer Linda Feagler highlights the efforts of Ray Shepardson, who took a struggling and decrepit collection of theaters and began the process that has turned PlayhouseSquare into the second-largest performing arts centers in the nation.
 
“Today, Shepardson’s once improbable effort is Cle... Read more >
amping up and piping down: making music in the physical sense
Cleveland rocks, that much we know. But it also is home to a band of crafty individuals who make music in a more physical sense, by building the instruments others use to play beautiful music. Guitars, amps and pipe organs all are handcrafted by passionate peeps right here in town.
growing construction firm builds dream home in nine-twelve district
Project and Construction Services provides owner's representation and design-build services to clients, so it's appropriate that the growing 53-person firm custom-built its new offices. Now that it's settling into its new space in the Erieview Tower, executives are experiencing their Goldilocks moment: Just right.

"We decided to right-size our space for our present needs, forecasting into the future," says CEO Bob Strickland, who downsized from 12,50... Read more >
united way calls for volunteers to help with cleveland schools transformation
United Way of Greater Cleveland has been a steady supporter of Cleveland's schools for years. The charity organization is now looking for some outside assistance as the city works to change the fortunes of the struggling district.

United Way is inviting volunteers to invest their time and talent in conjunction with the Cleveland Metropolitan School District's initiative to transform its underachieving schools. The CMSD volunteer opportunities have not yet bee... Read more >
developer set to break ground on phase II of clifton pointe townhomes in lakewood
Abode, developer of the Clifton Pointe Townhomes in Lakewood, is set to break ground on the next phase of the project. As soon as this month, the company could break ground on an additional five units to complement the 17 that have already been sold.

Principal Andrew Brickman says that buyers are drawn to the high-quality, green-built construction, the walkable location in the West End of Lakewood, and the views of the Rocky River Valley and Lake Erie. "I wish we cou... Read more >
cleveland clinic cmo credited for making brand most recognizable
In a Forbes Magazine post titled “Behind the Brand: CMO Paul Matsen On Cleveland Clinic’s Strides As A Global Marketer,” Jennifer Rooney explains how Paul Matsen has taken his experience from prior endeavors such as Delta Air Lines and worked to establish Cleveland Clinic as one of the most recognizable healthcare brands in the world.
 
From the use of digital, social and traditional media, Matsen's primary goal is to increase brand awareness and... Read more >
11 new businesses will serve growing base of downtown residents and workers
With downtown Cleveland's office vacancy rate three percent lower than it was two years ago and vacancy rates hovering around four percent for apartments, new retailers are leasing empty storefronts in the area. Eleven new retailers will open this year, bringing fresh concepts to the local scene.

New offerings include Cleveland Chop in the former Cleveland Chophouse location on St. Clair, Mirch Masada, Red the Steakhouse, four new shops in the Fifth Street Arcades, Wa... Read more >
housing goes boom: optimism about city's future leads to boost in home sales
Thanks to a brighter economy and heightened optimism about our city’s future, the Cleveland housing market is waking from its five-year slumber. Home sales are rising, prices are inching back to pre-recession levels, and stories of buyers getting outbid on homes are not at all uncommon.
playhousesquare breaks ground on star plaza renovations, first phase of $16m transformation
PlayhouseSquare already is a gem in the crown of downtown Cleveland, yet its sparking renaissance will become even more breathtaking with the addition of a 20-foot-tall LED "chandelier spectacular" at E. 14th and Euclid in the theatre district.

That chandelier, boasting over 4,600 crystals and hoisted 40 feet in the air, is the centerpiece of a $16 million transformation that will bring the beauty found inside PlayhouseSquare's historic theatres out onto the... Read more >
wine mag highlights trio of local gems
In a Wine Enthusiast Magazine story titled “Hot in Cleveland: Three Wine Bars to Visit in Cleveland,” the editors point out that Cleveland is attracting the likes of young artists, artisans, and web entrepreneurs due to modestly priced real estate and an above-average food and beverage scene.
 
“And while the food and beer scenes have always been strong (C-town is home to Michael Symon's empire and the Great Lakes Brewing Co.), this recent trend ... Read more >
student-owned distributor business wins prize at entrovation
Danny Sheridan comes from a family of entrepreneurs -- his father invests in small tech businesses and deals in commercial real estate for medical officers, and his mother is a marketing consultant. So it was only natural that the junior at Beachwood High School would start his own business. After finding he had a knack for selling things on eBay, Sheridan started Woodside Distributors, distributing energy efficient LED lights for Solon-based Mr. Beams.
 
“Mr. B... Read more >
art daily touts cma's beckmann acquisition
In an Art Daily feature titled “Cleveland Museum of Art acquires dramatic painting by seminal 20th century German artist Max Beckmann,” the editors continue to praise the Cleveland Museum of Art for their ongoing work in building some of the most comprehensive collections in the country, including the recently added painting by German artist Max Beckmann.
 
“The acquisition of the Beckmann marks the successful conclusion of a decade-long hunt for a m... Read more >
blackstone launchpad opens fourth location on case campus
The fourth Blackstone LaunchPad opened on the CWRU campus on April 23, providing a place for aspiring entrepreneurs to gather, learn and get advice.

“LaunchPad is aimed at students seeing it and saying, ‘I have an idea,’” says Deborah D. Hoover, president and CEO of the Burton D. Morgan Foundation. “It’s aimed at students walking in and talking to people and an idea takes off.”
 
The Burton D. Morgan Foundation in Hud... Read more >
organization asks parents to pledge allegiance to their children's education
 About 2,000 days pass from when a child is born to the moment he or she enters kindergarten. Officials from The Centers for Families & Children believe every one of those days is critical in preparing a child's educational future, and have created a new campaign to back up that point.

The 2,000 Day Pledge asks parents already involved with The Centers to keep their kids in an early learning program for as many days as possible within the first 2,00... Read more >
toa expands global presence with largest customer to date
TOA Technologies announced that Madrid, Spain-based Telefonica has chosen TOA's mobile workforce management software to manage its worldwide field technicians. Telefonica, which is one of the largest telecom companies in the world, chose TOA for its cloud-based ETADirect technology and its ability to ramp up operations quickly in multiple locations.
 
“It was a fairly long selection process,” says TOA vice president of worldwide marketing John Opdycke.... Read more >
tech week enjoys record attendance, showcases best of tech in cle
NEOSA Tech Week brought 1,600 attendees to events around Cleveland last week, tripling its numbers since it first started three years ago. “It’s really inspiring to see the region recognizing the value and importance of the IT industry in Cleveland,” says NEOSA director Brad Nellis.

From the NASA International Space Apps Challenge, which had 34 local participants in a worldwide event of 9,000, to the much-anticipated Best of Tech Awards, to educational e... Read more >
rise of the rest: it's not just silicon valley anymore, people
Has Silicon Valley jumped the shark? Ask many keen observers of technology hubs from coast to coast and they'll tell you that 2013 is prime time for startups to bloom in unexpected cities like Detroit and Cleveland. Dubbed the "Rise of the Rest," the burgeoning trend documents the blossoming of entrepreneurialism in unexpected places.
these ain't no boomerangs: transplants relish life in a new corner of the world
At times it seems like everybody living in this town was born in this town. After all, who would choose to settle here unless they had deep family roots? We introduce four transplants who moved to Cleveland and never looked back. Not only have they made the most of it; they've made a life of it.
alexander mann solutions expands steadily after choosing cleveland as its u.s. hub
Talent management firm Alexander Mann Solutions unexpectedly chose Cleveland as the hub for its U.S. operations last year. The company was all but set on Raleigh, North Carolina, when a full-throttle pitch by business leaders changed their minds. Afterwards, CEO Rosaleen Blair said the firm was "love-bombed" into choosing Cleveland. A package of incentives from the State of Ohio reportedly helped to seal the deal.

Now the firm is quickly expanding into its tempo... Read more >