Regional Economy

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eqed eyes growth as new solar microinverter makes solar more efficient
eQED is developing a solar microinverter that will improve the efficiency of solar panels. As with all solar panels, an inverter converts the output from the panel to AC power. Normal setups use one large inverter for an entire string of solar panels. eQED’s technology places one small inverter under each panel, increasing the amount of power gained from each solar panel.
 
The HIKARI microinverter provides improved energy harvesting, is more reliable than tradi... Read more >
dispatch writes about osu, cleveland clinic partnership
"The Cleveland Clinic and Ohio State University agreed yesterday to join forces in fast-tracking the commercialization of health-care technology, signaling a desire to compete less and collaborate more," writes Ben Sutherly for The Columbus Dispatch.

"In addition to health care, cooperation between the two institutions will focus on venture capital, funding and Third Frontier activities," The Dispatch adds.

"Cleveland Clinic Innovations h... Read more >
babl media proves that art, design and creative thinking can build a better business
As a designer and illustrator, Nick Pavlak sees the artistic elements of creating a successful business. From website design to a company logo, he founded BABL Media in April 2011 around the philosophy that art, design and creative thinking can build a better business.
 
That thought proved to be accurate. A little over a year later, BABL Media has made a reputation for itself, especially among startup companies. “Typically, we work with startups with planning, ... Read more >
5 cleveland-based mobile app developers on the move
“By 2015, more people will access the web from their smartphone than from their desktops and laptops,” says EXP president Barb Cagely. In Cleveland, numerous app developers are ahead of the curve, dreaming up mobile apps that do everything from enrich your tourism experience to making sure workers in the field have all the resources they need.
the beta space incubator offers entrepreneurial support, mentoring
In a wide open office at MAGNET, a manufacturing advocacy organization situated on the Cleveland State University campus, groups of students are fomenting new ideas. They include an innovative pothole patch, social media tools for landlords, an information technology startup and a biofuels company.

These emerging entrepreneurs have found a new launching pad in The Beta Space, a business incubator and coworking space that offers entrepreneurial support, mentoring and advic... Read more >
capital continuum shows entrepreneurs where to find business capital
The Capital Continuum in Northeast Ohio on Thursday, August 2 will feature a panel discussion to help entrepreneurs find ways to access capital for their businesses.

“I believe we’ve created an ecosystem in Northeast Ohio to help entrepreneurs, both public and private,” says Dennis Cocco, manager of the JumpStart Entrepreneurial Network, manager of the Innovation Fund and associate director at Great Lakes Innovation and Development Enterprise (GLIDE). &l... Read more >
northeast ohio tourism: a big business gets even bigger
How do you export an entire region? That's the question Northeast Ohio's promoters are pondering as the investment in local tourism is projected to reach into the billions of dollars over the next few years. Harnessing the economic power of the tourism industry means telling the world loud and proud, "Northeast Ohio is the place to be."

Bringing the 18-county Cleveland Plus region to the disposable income-flush masses should not be a hard sell these days... Read more >
q & a: jim bennett, senior vp, cleveland med mart & convention center
A healthcare industry vet and resident of Cleveland since 1982, Jim Bennett was hired in April by developer MMPI Inc. to oversee the $465 million medical mart and convention center. The complex is expected to draw 200,000 visitors annually, add thousands of new jobs, and generate about $50-$75 million in economic impact per year.
venturebeat suggests investing venture capital in ohio
"For investors looking to go off the beaten track to find quality deals, Ohio might be the answer," Mitchell Rosich, partner at Athenian Venture Partners, writes in VentureBeat.

"According to the most recent Ohio Venture Capital Report, venture capital activity in Ohio was up more than 80 percent in 2010, surpassing the national average, which was up only 20 percent."

An increase in pre- and seed-stage investments amounting to $183.8 million i... Read more >
'b.y.o.s.' groundbreaking invites towpath supporters to bring their own shovels
However momentous they might be, groundbreaking ceremonies typically are not very interactive affairs. Project leaders and public officials give speeches and take advantage of photo opportunities before they pose gripping the symbolic, all-too-clean shovels.

The groundbreaking ceremony for the first publicly funded leg of the Towpath Trail to be built in Cleveland promises to be different. Community members have been clamoring for this project to be completed for years, a... Read more >
rta healthline drives growth in cleveland, says urbanland
"Euclid’s role as an essential link between the central business district downtown and University Circle -- a hub of world-class medical facilities and arts and culture amenities -- rendered the corridor impossible to ignore," writes Jason Hellendrung for UrbanLand.

The resulting $200 million, 6.8-mile Euclid Corridor Transportation Project catalyzed a powerful transformation along the avenue. Since the BRT line opened in 2008, the corridor has attracted $... Read more >
cle-based organizations commit $4.6m to help small businesses expand
Several Cleveland-based funding organizations have gotten together and pooled their money to help small businesses that otherwise would not have access to the capital they need to grow.

Under the Economic Community Development Institute (EDCI), which officially announced the launch of its Cleveland office on July 17, the City of Cleveland, Cuyahoga County, Huntington Bank, U.S. Small Business Administration, Commission on Economic Inclusion, The Business of Good Foundatio... Read more >
cellar door launches cleveland only record store, performance space
The grassroots, pro-Cleveland music collective Cellar Door is launching a new performance space, Cleveland-only record store and office space in the Loftworks building at East 40th and Superior.

The creative space, which features antique wood floors, high ceilings and large windows, is intended to not only foster a "community among listeners" among local music fans, but also to reach people who are unaware of Cleveland's distinctive music scene.

&qu... Read more >
cleveland 2.0: viewing our city as a startup
What if we viewed Cleveland as a startup? "The ingredients for a successful startup and a successful city are remarkably similar," argues tech blogger Jon Bischke. You need to build stuff that people want. You need to attract talent. And you need capital to get your fledgling ideas to a point of sustainability.
global cleveland to host online IT job fair to help meet demand
On the heels of two successful biomedical job fairs, Global Cleveland, in partnership with NEOSA, will host a week-long online IT job fair August 20 to 24.
 
The demand for tech people is high. In a recent survey of area technology companies, 82 percent have current job openings and 73 percent expect to hire additional staff this year. The job fair is designed attract qualified technology professionals from not only Cleveland, but across the country.
 
&l... Read more >
program puts former inmates to work renovating cleveland properties
The Cuyahoga Land Bank and Career Development and Placement Strategies, Inc. (CDPSI) have teamed up to create a pilot program to get formerly incarcerated fathers to work renovating houses. The pilot program, which began in November, puts participants through an intensive six-week program to teach them basic workmanship and professional skills. The participants then go into a six-month internship program with a supervisor in the field.
 
"The internships program ... Read more >
growing efuneral branches out with new hospice partnership
Since its launch in February, eFuneral has steadily grown as a resource for families searching for the right funeral provider. Now founders Mike Belsito and Bryan Chaikin are taking the company, which came out of the Ohio State University Fisher College of Business' 10-Xelerator last summer, to another level.
 
eFuneral recently announced a partnership with Hospice of Dayton. "Ever since we launched, some of our biggest supporters have come from the hospice c... Read more >
moca cleveland hosts signing off ceremony, prepares for fall opening
The Museum of Contemporary Art Cleveland (MOCA) celebrated the completion of the stainless steel cladding being installed on its new home with a signing-off ceremony this week. The date when the glittering, gem-like new building opens its doors to the public is only months away, and that's when the true celebration will begin.

On a recent media tour of the building, the beautifully plotted details of the new museum were evident in raw form. A few of the finer points i... Read more >
former medusa cement building will be converted into 120-person call center
With the aid of a $500,000 economic development loan from the city, a former cement company's headquarters in Cleveland Heights will soon be converted into a 120-person call center.

The Medusa Cement Company occupied the building on Monticello until the late 1990s. Founded 120 years ago, the company was originally called the Portland Sandusky Cement Company. It was later renamed after Medusa, the fearsome Greek gorgon whose gaze turned men to stone. Medusa thrived in ... Read more >
minority entrepreneurs experience barriers, succeed on their own terms, and offer advice
Despite support through entrepreneurial assistance programs, area minority business owners say they still experience barriers -- some subtle, others not -- in their goal to contribute to the local business community. Finding success, many explain, is ultimately up to them.