Regional Economy

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beachwood offers incentives to businesses that locate or expand
The city of Beachwood already is home to 2,500 businesses, and the city has long taken pride in providing services and amenities that make the city an attractive place to locate. Now Beachwood is launching a grant program to further entice new businesses and encourage existing businesses to expand.
 
The Job Creation Incentive Grant Program offers annual grant payments to companies. The payments are based on a percentage of payroll withholding taxes generated by new j... Read more >
chef sawyer's local-food efforts grab attention of new york times
In a New York Times feature titled “Locally Grown Gets Tricky in the Cold,” writer Dan Saltzstein discusses the difficulty chefs face when trying to keep their menus locally focused at a time of year when not a whole lot is being grown.

"Locally grown. Market-sourced. Farm to table: These phrases have become the mantras of the American menu, promising ingredients that are supremely fresh, in season and produced within a tight radius of the restaurant,&quo... Read more >
venture for america plants fellows to halt brain drain
Venture for America, a non-profit group that places new college grads in startup companies, is coming to Cleveland. The New York-based organization focuses on placing new college grads in jobs at startups in cities with a low cost of living and in the process of revitalization.

“The goal is to create young entrepreneurs,” explains VFA vice president of corporate development Mike Tarullo. “Too many of our best and brightest are going into big firms and to... Read more >
portside, cle's first distillery since prohibition, is hiring
Dan Malz is a science guy and a rum aficionado who always dreamed of making his own rum. Three years ago over a pint of Guinness, that dream was on the way to becoming a reality. That's when Malz and his three business partners, John Marek, Keith Sutton and Matthew Zappernick, founded Portside Distillery, Cleveland’s first distillery since Prohibition.
 
Portside Distillery produces small-batch artisan spirits and craft beers from its lakeside location on W.... Read more >
shaker launchhouse raises $15k in the name of entrepreneurship
Shaker LaunchHouse raised $15,000 at its second annual gala, held last week at Crawford Galleries of Western Reserve Historical Society. The money will help support Cleveland’s budding entrepreneurs. More than 260 attended the event, which was sponsored by the Shaker Heights Development Corporation.
 
“It was huge,” says LaunchHouse co-founder Todd Goldstein. “There were entrepreneurs, business leaders, successful CEOs of companies and people f... Read more >
cleveland named by msn as 1 of 10 coolest cities in the midwest
In an MSN slideshow titled “10 coolest cities in the Midwest,” Chelsea Lin proclaims our fair city of Cleveland as one of them due to its musical history and art.  Oddly enough, nothing about the phenomenal dining scene is mentioned as a factor of coolness.
 
In proclaiming what’s cool: “There’s more than just rock ’n’ roll culture at play. The Museum of Contemporary Art, Cleveland’s brand-new mirrored digs, is a le... Read more >
nonprofit makes getting federal returns less taxing for disadvantaged families
Filing a federal income tax return is far from the most enjoyable activity one can do. It can even be intimidating for people who don't understand the process or know they are eligible for an Earned Income Tax Credit (EITC).

Enterprise Community Partners, a nonprofit providing free tax preparation and other services to low- and middle-income Cuyahoga County residents, aims to bridge the knowledge gap and help hard-working individuals and families keep more of what the... Read more >
fast-growing toa earns forbes honors as one of the 'most promising companies in u.s.'
TOA, a developer and provider of field service and mobile management applications, was named to the Forbes Most Promising Companies in America list, ranking 81 out of 100 and the only Ohio company on the list of privately-held, high-growth companies. TOA went through a rigorous application process to be chosen from thousands of applicants.

“It’s a big honor for us,” says John Opdycke, TOA’s vice president of worldwide marketing. Opdycke and others ... Read more >
q & a: will tarter, jr., president of cleveland young professional senate
Will Tarter, Jr. stands out as a leader among Cleveland’s young professional community. As the charismatic head of the Cleveland Young Professional Senate, he champions causes and issues that impact this highly in-demand demographic, not to mention the long-term well-being of Cleveland.
csu wind power co. wins clean energy challenge, heads to chicago for regionals
For the second year in a row, Amplified Wind Solutions competed in the Ohio Clean Energy Challenge. This year the company won $10,000 and a trip to Chicago for a chance to win $100,000 in the Midwest competition.

Amplified Wind Solutions has designed a wind amplification system that can produce up to six times more electricity than a typical wind turbine. The company is targeting the telecommunications industry.
 
AWS CEO and co-founder Niki Zmij ha... Read more >
buffalo orders up big platter of cleveland dining awesome-sauce
In a Buffalo News feature titled “Chow down on Lake Erie,” food writer Andrew Galarneau highlights the thriving culinary scene in Cleveland and wonders how and why it differs from Buffalo’s own food scene.
 
Galarneau, questioning local food scribes like the PD's Joe Crea and this pub's own Douglas Trattner, delves deeply into the likely causes for Cleveland's disproportionate maturity when it comes to food and dining. Many of the city... Read more >
design firm relocates offices from burbs to st. clair superior's tyler village
Rene Polin founded his design consulting firm, Balance Inc., in Chagrin Falls. Yet as he grew, he felt cut off from creative opportunities in Cleveland. In October, he moved his eight-person, nine-year-old firm to 5,500 square feet of open, custom-built office space in the Tyler Village complex in St. Clair Superior.

"Tyler was the most interesting space we found," he says. "It had great character, an incredibly open floor plan and high ceilings. There was ... Read more >
q & a: tom waltermire, chief executive team neo
regional marketing groups sell northeast ohio, one story at a time
For a number of years at the tail end of the 20th century, Greater Cleveland's public and private leaders attempted to pull the city up through ambitious marketing campaigns. For awhile it seemed to work. The national media began referring to Cleveland as the "Comeback City" in conjunction with the grand openings of ambitious projects like Tower City Center, Jacobs Field and the Rock and Roll Hall of Fame and Museum.
 
But toward the end of the '90s ... Read more >
nonprofit works to bring 'digital literacy' to cleveland's underserved
If Northeast Ohio has a digital divide, then Cleveland-based nonprofit broadband provider OneCommunity wants to lay down enough fiber-optic cable to successfully bridge the gap.

The divide is particularly wide in Cleveland's poorer neighborhoods, says OneCommunity CEO Brett Lindsey. In response, his organization created the Connect Your Community Project (CYC). Since 2010, CYC has provided broadband training, equipment and support for nearly 8,000 Cleveland and East C... Read more >
wsj calls cleveland an 'overlooked entrepreneurial hub'
In a Wall Street Journal post titled “For U.S. Startups, ‘Times They-are-a-Changing,’” Steve Case, co-founder of AOL, shares his thoughts on entrepreneurship and trends that are changing nationwide, including Cleveland.
 
“I’m convinced that we’re beginning to see a regional 'rise of the rest' as cities like Washington D.C., Denver, Chicago, Atlanta, Raleigh, Cleveland, Detroit and many others experience unprecedented ... Read more >
to accommodate rapidly growing staff, explorys moves into former museum space
Explorys, which offers a secure software platform that allows healthcare systems to summarize, analyze and manage data, has moved into the former home of MOCA. The Cleveland-based company currently has more than 80 employees and is expected to climb to between 110 and 125 by next year.
rising info tech salaries help local companies attract, retain best workers
Salaries for technology professionals working in Cleveland rose by double percentage points over last year, according to the 2013-2012 Dice Salary Survey from Dice, a career site for technology and engineer professionals.

Salaries for tech and engineering jobs rose 11 percent in the city, compared to the national average of just 5.3 percent. The average salary in 2012 was $75,773, compared to $68,519 in 2011 and $65,045 in 2007, according to the report.
 
&ld... Read more >
growing background check provider safecare transitions into the b2b market
SafeCare, which provides continuous monitoring and background checks of employees in the healthcare industry, received a $25,000 grant in November from the Innovation Fund. The money will help SafeCare expand and refocus the company, which was formed out of Bizdom Cleveland’s inaugural class in April 2012.

The grant will allow SafeCare to concentrate more on the B2B market, rather than the consumer market. The company monitors employees on a monthly basis against na... Read more >