Regional Economy
cleveland, the 'new portlandia'?
In his blog Burgh Diaspora, Jim Russell frequently covers the topic of reverse migration, where Rust Belt cities are seeing an influx of young residents thanks to a multitude of factors. Russell, a geographer studying the relationship between migration and economic development, calls the trend "Rust Belt Chic."
Recently, Russell, who lives in Pittsburgh, toured Cleveland to gather some on-the-ground research. He liked what he saw.
"I flew into Cleveland early last Saturday with the downtown rebound in mind. I wanted to see if the view from the sidewalk matched the data analysis. Leading up to the business trip, I was semi-joking with Richey that Cleveland was turning into Portland, OR. Investigating the West Side, I quipped that Cleveland was already Portland. I was (am) dead serious."
Read the rest of this and many other compelling posts here.
Recently, Russell, who lives in Pittsburgh, toured Cleveland to gather some on-the-ground research. He liked what he saw.
"I flew into Cleveland early last Saturday with the downtown rebound in mind. I wanted to see if the view from the sidewalk matched the data analysis. Leading up to the business trip, I was semi-joking with Richey that Cleveland was turning into Portland, OR. Investigating the West Side, I quipped that Cleveland was already Portland. I was (am) dead serious."
Read the rest of this and many other compelling posts here.
The Fund for Our Economic Future approved $5.035 million in grants to go to seven regional economic development organizations to continue their work in developing companies and bringing jobs to the Northeast Ohio.
The organizations are: NorTech, JumpStart, BioEnterprise, Team NEO, MAGNET, WorkAdvance and the Agriculture-Bioscience Industry Cluster. The organizations specialize in everything from entrepreneurship and technology to healthcare, manufacturing and bioscience, to general business attraction.
“Although funding was down 15 percent this year, the good news is the impact of these grantees continues to go up,” says Brad Whitehead, president of the Fund. “There’s a real sense of momentum in the work of these great teams.”
Many of the organizations have expanded their support of businesses by working together to accomplish the common goal of attracting, retaining and supporting businesses in Northeast Ohio. “Most of them have done a great job of expanding,” says Whitehead. “It’s gratifying to hear stories of companies touched by multiple organizations. To see them surrounded with support is great.”
The grantees are chosen based on four criteria: tangible data like job creation; what the organization is doing to promote its respective niche industry; the organization’s efforts to network with other organizations; and assurance of a plan for economic inclusion.
The Fund is a collaboration of philanthropic organizations and individuals that have united to strengthen the economic competitiveness of Northeast Ohio through grant making, research and civic engagement.
Source: Brad Whitehead
Writer: Karin Connelly
The organizations are: NorTech, JumpStart, BioEnterprise, Team NEO, MAGNET, WorkAdvance and the Agriculture-Bioscience Industry Cluster. The organizations specialize in everything from entrepreneurship and technology to healthcare, manufacturing and bioscience, to general business attraction.
“Although funding was down 15 percent this year, the good news is the impact of these grantees continues to go up,” says Brad Whitehead, president of the Fund. “There’s a real sense of momentum in the work of these great teams.”
Many of the organizations have expanded their support of businesses by working together to accomplish the common goal of attracting, retaining and supporting businesses in Northeast Ohio. “Most of them have done a great job of expanding,” says Whitehead. “It’s gratifying to hear stories of companies touched by multiple organizations. To see them surrounded with support is great.”
The grantees are chosen based on four criteria: tangible data like job creation; what the organization is doing to promote its respective niche industry; the organization’s efforts to network with other organizations; and assurance of a plan for economic inclusion.
The Fund is a collaboration of philanthropic organizations and individuals that have united to strengthen the economic competitiveness of Northeast Ohio through grant making, research and civic engagement.
Source: Brad Whitehead
Writer: Karin Connelly
The soon-to-open Cleveland Hostel in Ohio City will be the area's only modern hostel catering to travelers who aim to experience American cities rather than simply visit them. The venture unites owner Mark Raymond's passion for wanderlust with his beloved hometown, thus enabling him to showcase Cleveland via a unique, affordable venue.
The term "Rust Belt Chic" has been bandied about in urban journalism circles for over a decade. But lately, the connotation and import of that catchy phrase seem to be taking on a welcome new identity. A book in progress from Cleveland-based writers aims to take ownership of the phrase and help define what it truly means to live in a recovering Rust Belt city.
trails and greenways conference aims to set goals for regional trail system
When the Cleveland Clinic decided to expand its offices at the Independence Technology Center, it cited the nearby presence of the planned Hemlock Trail as one of the reasons behind its investment.
To Dave Linchek of the West Creek Preservation Committee, who has worked for years to make the Hemlock Trail a reality, that's further evidence that Northeast Ohio's trails and greenways not only add to our quality of life, but also enhance our bottom line.
Linchek and other trail advocates created the Greater Cleveland Trails and Greenways Conference in 2010 to bring together leaders for networking, discussion and collaboration. The second biennial conference on Wednesday, June 6th, has elevated the regional discussion to the next level, says Linchek.
"There are a multitude of individual trail plans out there, but we want to spell out our goals as a region," says Linchek. While many cities agree trails are important, they may lack the funding, know how and political will to build them, he says.
Some of the most exciting developments in Northeast Ohio include the proposed Lake Link Trail from the Towpath to Whiskey Island; the section of the Towpath from Steelyard Commons to the Flats that is being developed; the city of Cleveland's renewed focus on bicycle and pedestrian planning; and the Metroparks' newfound openness to creating mountain bike trails.
Source: Dave Linchek
Writer: Lee Chilcote
To Dave Linchek of the West Creek Preservation Committee, who has worked for years to make the Hemlock Trail a reality, that's further evidence that Northeast Ohio's trails and greenways not only add to our quality of life, but also enhance our bottom line.
Linchek and other trail advocates created the Greater Cleveland Trails and Greenways Conference in 2010 to bring together leaders for networking, discussion and collaboration. The second biennial conference on Wednesday, June 6th, has elevated the regional discussion to the next level, says Linchek.
"There are a multitude of individual trail plans out there, but we want to spell out our goals as a region," says Linchek. While many cities agree trails are important, they may lack the funding, know how and political will to build them, he says.
Some of the most exciting developments in Northeast Ohio include the proposed Lake Link Trail from the Towpath to Whiskey Island; the section of the Towpath from Steelyard Commons to the Flats that is being developed; the city of Cleveland's renewed focus on bicycle and pedestrian planning; and the Metroparks' newfound openness to creating mountain bike trails.
Source: Dave Linchek
Writer: Lee Chilcote
cimperman profiled at length in spirit magazine
In a lengthy feature titled, "Power of One," Spirit magazine highlights a half-dozen people who discovered their calling. The in-flight magazine of Southwest Airlines devotes a majority of the ink to Cleveland Councilman Joe Cimperman.
"In his 16 years as a councilman, [Cimperman] has passed pioneering urban farm zoning legislation at a time when no other city in the U.S. had done so, and spearheaded a local food procurement ordinance that gives companies who do business with the city a bid discount for sourcing food locally. In 2009, he sponsored so-called “chicken and bees” legislation, which allows residents to keep up to six chickens and two beehives in their backyards or on vacant lots. He was ridiculed for it at the time -- colleagues did the chicken dance as they passed him in the hallway -- but today both raising hens and beekeeping are popular pastimes in Cleveland."
"In 2011, Cimperman, chair of the city’s public health committee, helped shape Mayor Frank Jackson’s “Healthy Cleveland” resolution, a series of audacious public health goals that was crafted in conjunction with four local hospitals, including the Cleveland Clinic. A handful of these have already been passed by City Council: outlawing smoking in public spaces and banning artery-clogging trans fats at restaurant chains and bakeries. Several other pieces of legislation -- including one that would improve food in public schools -- are in the pipeline. Though the trans fat ban was overturned by Ohio’s state legislature last June, the City of Cleveland is now suing the state for the right to reinstate it. Cimperman is leading the effort."
Read more about his good work here.
"In his 16 years as a councilman, [Cimperman] has passed pioneering urban farm zoning legislation at a time when no other city in the U.S. had done so, and spearheaded a local food procurement ordinance that gives companies who do business with the city a bid discount for sourcing food locally. In 2009, he sponsored so-called “chicken and bees” legislation, which allows residents to keep up to six chickens and two beehives in their backyards or on vacant lots. He was ridiculed for it at the time -- colleagues did the chicken dance as they passed him in the hallway -- but today both raising hens and beekeeping are popular pastimes in Cleveland."
"In 2011, Cimperman, chair of the city’s public health committee, helped shape Mayor Frank Jackson’s “Healthy Cleveland” resolution, a series of audacious public health goals that was crafted in conjunction with four local hospitals, including the Cleveland Clinic. A handful of these have already been passed by City Council: outlawing smoking in public spaces and banning artery-clogging trans fats at restaurant chains and bakeries. Several other pieces of legislation -- including one that would improve food in public schools -- are in the pipeline. Though the trans fat ban was overturned by Ohio’s state legislature last June, the City of Cleveland is now suing the state for the right to reinstate it. Cimperman is leading the effort."
Read more about his good work here.
Cleveland is nationally known as a brewing mecca. While established breweries like Great Lakes and Buckeye Brewing continue to expand, smaller startups are popping up in their shadows. Nourished by home-brewing clubs and finding strong models in Cleveland’s prize-winning breweries, many of these entrepreneurs started by brewing small batches in their basements or garages.
great lakes brewing jumps in craft beer rankings
According to beer sales volume calculated by The Brewers Association, a Boulder-based not-for-profit trade group that tabulates production statistics for U.S. breweries, Great Lakes Brewing Company is now the 18th largest craft brewery in the country. That is a jump from the #22 position the previous year.
According to the same stats, Great Lakes also is now the 27th largest American brewery overall, up from #31 previously.
Great Lakes produces over 110,000 barrels of beer annually and serves 13 states and Washington D.C. The company will celebrate its 25th anniversary in 2013.
See all the sudsy stats here.
According to the same stats, Great Lakes also is now the 27th largest American brewery overall, up from #31 previously.
Great Lakes produces over 110,000 barrels of beer annually and serves 13 states and Washington D.C. The company will celebrate its 25th anniversary in 2013.
See all the sudsy stats here.
esquire scribes include velvet tango room in roster of best bars in america
Paulius Nasvytis can add another item to the already crowded wall of big-time media accolades. Esquire magazine, the arbiter of good taste, has just included the Velvet Tango Room in its annual roster of Best Bars in America.
"Perplexed whispers followed the Velvet Tango Room for years after the cocktail bar opened in 1996," begins the Esquire item. "For starters, it was hard to find, tucked in an unassuming building in an inner-ring nib of Cleveland between two trendy neighborhoods, a tiny neon sign the only hint that anything was happening inside. Co-owner Paulius Nasvytis waited tables at the city's finest restaurants before purchasing the building for just $35,000 to execute his vision with uncompromising accuracy: a sanctuary of cocktails priced in the mid-teens. It was an incongruous idea in a city that prizes its shot-and-a-beer corner joints."
Read the rest of the glowing praise here.
"Perplexed whispers followed the Velvet Tango Room for years after the cocktail bar opened in 1996," begins the Esquire item. "For starters, it was hard to find, tucked in an unassuming building in an inner-ring nib of Cleveland between two trendy neighborhoods, a tiny neon sign the only hint that anything was happening inside. Co-owner Paulius Nasvytis waited tables at the city's finest restaurants before purchasing the building for just $35,000 to execute his vision with uncompromising accuracy: a sanctuary of cocktails priced in the mid-teens. It was an incongruous idea in a city that prizes its shot-and-a-beer corner joints."
Read the rest of the glowing praise here.
Great Lakes Brewing Company is now the 18th largest craft brewery in the U.S. and the 27th largest overall. The company brews more than 110,000 barrels of handcrafted beer every year.
The brewing process takes place in a warehouse at Carroll Avenue and West 28th Street near the West Side Market. Visitors to Great Lakes Brewing Company's flagship bar and restaurant on Market Avenue often can catch a whiff of the beer brewing and fermenting as they walk in to grab a pint.
Recently, Great Lakes purchased and installed two new 300-barrel fermentation tanks to further expand its brewing capacity. The new equipment, which was hoisted in by crane through the roof of its Carroll Avenue tank farm, is on top of $7 million in capital improvements completed in 2010 to expand capacity.
Great Lakes beer is now available in 13 states and Washington D.C., and the company has a philosophy of supporting sustainability and natural, locally grown food. Owners Patrick and Daniel Conway have plans to deepen Great Lakes' presence in existing markets as they celebrate its 25th anniversary in 2013.
Source: Great Lakes Brewing Company
Writer: Lee Chilcote
The brewing process takes place in a warehouse at Carroll Avenue and West 28th Street near the West Side Market. Visitors to Great Lakes Brewing Company's flagship bar and restaurant on Market Avenue often can catch a whiff of the beer brewing and fermenting as they walk in to grab a pint.
Recently, Great Lakes purchased and installed two new 300-barrel fermentation tanks to further expand its brewing capacity. The new equipment, which was hoisted in by crane through the roof of its Carroll Avenue tank farm, is on top of $7 million in capital improvements completed in 2010 to expand capacity.
Great Lakes beer is now available in 13 states and Washington D.C., and the company has a philosophy of supporting sustainability and natural, locally grown food. Owners Patrick and Daniel Conway have plans to deepen Great Lakes' presence in existing markets as they celebrate its 25th anniversary in 2013.
Source: Great Lakes Brewing Company
Writer: Lee Chilcote
The Orlando Baking Company, which was founded in 1872 in Castel di Sangro, Italy and came to Cleveland in 1904, has received a $1.3 million Clean Ohio grant to clean up a brownfield adjacent to its facility at E. 79th and Woodland Avenue. Orlando plans to expand onto the property, retaining about 40 jobs and creating 15 new jobs.
The funds will be used to demolish and remediate the former Van Dorn property at 2700 E. 79th Street. The City of Cleveland is a partner in the cleanup project.
Orlando Baking sells bread throughout Northeast Ohio and around the country. Orlando recently introduced a probiotic bread that contains the same healthy microbes that exist in foods such as yogurt. The company has expanded several times in its Cleveland location, and currently employs about 300 workers.
Clean Ohio grants are provided through a competitive application process to allow for the reuse of commercial and industrial properties that are currently underutilized. Since its inception, 150 Clean Ohio Revitalization Fund projects have been awarded more than $295 million, leveraging $2.5 billion in private sector investment and creating and retaining more than 12,500 jobs.
Source: Ohio Department of Development, Orlando Baking Company
Writer: Lee Chilcote
The funds will be used to demolish and remediate the former Van Dorn property at 2700 E. 79th Street. The City of Cleveland is a partner in the cleanup project.
Orlando Baking sells bread throughout Northeast Ohio and around the country. Orlando recently introduced a probiotic bread that contains the same healthy microbes that exist in foods such as yogurt. The company has expanded several times in its Cleveland location, and currently employs about 300 workers.
Clean Ohio grants are provided through a competitive application process to allow for the reuse of commercial and industrial properties that are currently underutilized. Since its inception, 150 Clean Ohio Revitalization Fund projects have been awarded more than $295 million, leveraging $2.5 billion in private sector investment and creating and retaining more than 12,500 jobs.
Source: Ohio Department of Development, Orlando Baking Company
Writer: Lee Chilcote
Scott Phillips Jr., president of Keller Williams Realty Greater Cleveland, has been named one of Realtor Magazine’s 30 Under 30. Each year the magazine recognizes 30 young practitioners who are making a mark in the real estate industry through success in real estate sales, business management, leadership, or community service.
Tapping into the renewed interest in downtown living, Phillips, 28, has grown a thriving real estate business out of an old factory in the Warehouse District focused on the urban market. Since 2009, Phillips has grown his office to 29 agents and employees with a capital budget of $1 million. In the past year alone he has added eight people to his team.
Phillips is the first Ohio agent to win the 30 Under 30 award in 12 years. He is Cleveland’s top producing realtor between 2009- 2011, and has sold over $50 million in homes in Cleveland during that period.
“The award is usually reserved for the East Coast and West Coast because those are areas where the purchase prices are typically higher,” explains Phillips.
Phillips spotted the market potential in downtown Cleveland after living in the city. “I promoted living in the area before I became a license agent,” he says. “It wasn’t as much about business as being passionate about it.”
Source: Scott Phillips, Jr.
Writer: Karin Connelly
Tapping into the renewed interest in downtown living, Phillips, 28, has grown a thriving real estate business out of an old factory in the Warehouse District focused on the urban market. Since 2009, Phillips has grown his office to 29 agents and employees with a capital budget of $1 million. In the past year alone he has added eight people to his team.
Phillips is the first Ohio agent to win the 30 Under 30 award in 12 years. He is Cleveland’s top producing realtor between 2009- 2011, and has sold over $50 million in homes in Cleveland during that period.
“The award is usually reserved for the East Coast and West Coast because those are areas where the purchase prices are typically higher,” explains Phillips.
Phillips spotted the market potential in downtown Cleveland after living in the city. “I promoted living in the area before I became a license agent,” he says. “It wasn’t as much about business as being passionate about it.”
Source: Scott Phillips, Jr.
Writer: Karin Connelly
salon points to gordon square as model of arts-district development
In a feature titled "Urban entertainment districts: Blocks where no one has fun," Salon writer Will Doig describes the modern “urban lifestyle destination” as a "swath of cityscape whose character has been preordained by a city council vote and is now identified by brightly colored banners affixed to lampposts."
“The problem with these created-overnight districts is that you’re trying to create a culture as opposed to letting one grow,” Nathaniel Hood, a Minneapolis-based transportation planner, is quoted in the piece. “You’re getting the culture that one developer or city council member thinks the city needs, as opposed to the ground-up culture that comes from multiple players.”
Cleveland's Gordon Square Arts District is mentioned as an example of a neighborhood that got it right.
"[Milwaukee's] Water Street is an example of how, when the city declines to step in, citizens will. In a less cacophonous way, Cleveland has done this with its Gordon Square Arts District, where a group of nonprofits got together and created their own urban district where theaters already existed.
“You had three very humble nonprofit organizations, no powerful boards, that just needed capital improvements,” says Gordon Square's executive director Joy Roller.
Read the rest of the good news here.
“The problem with these created-overnight districts is that you’re trying to create a culture as opposed to letting one grow,” Nathaniel Hood, a Minneapolis-based transportation planner, is quoted in the piece. “You’re getting the culture that one developer or city council member thinks the city needs, as opposed to the ground-up culture that comes from multiple players.”
Cleveland's Gordon Square Arts District is mentioned as an example of a neighborhood that got it right.
"[Milwaukee's] Water Street is an example of how, when the city declines to step in, citizens will. In a less cacophonous way, Cleveland has done this with its Gordon Square Arts District, where a group of nonprofits got together and created their own urban district where theaters already existed.
“You had three very humble nonprofit organizations, no powerful boards, that just needed capital improvements,” says Gordon Square's executive director Joy Roller.
Read the rest of the good news here.
More than 100 people turned out May 16 at the Ohio City Firehouse to celebrate the newest graduates of Bad Girl Ventures’ business plan competition. Babies Travel Too was the recipient of a $25,000 loan from KeyBank.
Babies Travel Too was created by Alison Musser, who based the company on her own experiences as a parent. The company provides nightly and weekly rentals of full-size cribs, car seats, strollers and other essential baby gear to people traveling to the Cleveland metropolitan area. The equipment is JPMA-certified and sanitized before every rental.
“Musser not only had a good idea; she was the right person to run the business,” says Rachel Czernin, director of marketing and developments for BGV. “She is smart, dedicated, and has personal experience in this area. She uniquely understands the predicament traveling mothers have and has the business sense to develop her concept and turn this regional business into a national business.”
Three additional companies received $5,000 loans from The Giving Back Gang. Those companies were: Anne Hartnett, creator of Harness Fitness, Inc., Cleveland's first sustainably run group cycling studio and fitness clothing retailer; Karen Malone Wright, creator of TheNotMom.com, a blog for women who are childless; and Kelley Hynds creator of Hyndsight Media, an online video journalism platform that provides short-form video web spots on current social and civic topics.
The event was sponsored by Huntington Bank, Additional support came from The Cleveland Foundation and The Business of Good Foundation. “Catering was provided by past finalist and loan recipient Hungry Bee Catering.
Source: Rachel Czernin
Writer: Karin Connelly
Babies Travel Too was created by Alison Musser, who based the company on her own experiences as a parent. The company provides nightly and weekly rentals of full-size cribs, car seats, strollers and other essential baby gear to people traveling to the Cleveland metropolitan area. The equipment is JPMA-certified and sanitized before every rental.
“Musser not only had a good idea; she was the right person to run the business,” says Rachel Czernin, director of marketing and developments for BGV. “She is smart, dedicated, and has personal experience in this area. She uniquely understands the predicament traveling mothers have and has the business sense to develop her concept and turn this regional business into a national business.”
Three additional companies received $5,000 loans from The Giving Back Gang. Those companies were: Anne Hartnett, creator of Harness Fitness, Inc., Cleveland's first sustainably run group cycling studio and fitness clothing retailer; Karen Malone Wright, creator of TheNotMom.com, a blog for women who are childless; and Kelley Hynds creator of Hyndsight Media, an online video journalism platform that provides short-form video web spots on current social and civic topics.
The event was sponsored by Huntington Bank, Additional support came from The Cleveland Foundation and The Business of Good Foundation. “Catering was provided by past finalist and loan recipient Hungry Bee Catering.
Source: Rachel Czernin
Writer: Karin Connelly
As Yelp Cleveland community manager, native Northeast Ohioan Cara Lageson is a pro-Cleveland powerhouse. When she's not busy penning reviews -- she has logged in about 400 -- she connects "Yelpers" and local businesses by coordinating marketing outreach that extends well beyond the digital realm.
2013 cle film fest will be bigger, better, longer, later
It is hard to believe, but this year's Cleveland International Film Festival -- the 36th annual -- once again broke the previous year's attendance figures.
The 11-day film festival, which wrapped up on Sunday, April 1, checked in a record total of 85,018 filmgoers. This is a 9-percent jump from the previous year and a whopping 143-percent increase from 2003. What's more, the festival saw it's largest single-day attendance on Saturday, March 31, with 13,176 coming to see a film.
Changes to next year's festival can only add to those numbers. Organizers will be adding a full day of films -- making it a 12-day festival -- while pushing back the dates. The 2013 film fest will begin almost two weeks later, running Wednesday, April 3 through Sunday, April 14, at Tower City Cinemas.
Here's looking to another record-setting year!
The 11-day film festival, which wrapped up on Sunday, April 1, checked in a record total of 85,018 filmgoers. This is a 9-percent jump from the previous year and a whopping 143-percent increase from 2003. What's more, the festival saw it's largest single-day attendance on Saturday, March 31, with 13,176 coming to see a film.
Changes to next year's festival can only add to those numbers. Organizers will be adding a full day of films -- making it a 12-day festival -- while pushing back the dates. The 2013 film fest will begin almost two weeks later, running Wednesday, April 3 through Sunday, April 14, at Tower City Cinemas.
Here's looking to another record-setting year!
Goldman Sachs announced last week that it will bring its 10,000 Small Businesses (10KSB) initiative to Cleveland. The initiative commits $500 million to entrepreneurial education, access to capital and technical assistance services. Goldman Sachs and the Goldman Sachs Foundation have pledged $15 million to Cleveland.
Cleveland is the seventh city to host a 10KSB. Unlike many organizations in Cleveland that focus on startups, this program is designed for existing small business owners who are ready to grow their companies and create jobs.
“We’re really excited about this because it fills a gap,” says Jumpstart CEO Ray Leach, who has been in talks with Goldman Sachs for nearly a year about bringing the initiative to Cleveland. “It puts a new focus on the segment of the market that includes existing low-tech, medium-tech and high-tech companies that have been in business for a while.”
Other local organizations involved are Tri-C, the Urban League, the Northeast Ohio Hispanic Chamber of Commerce and COSE.
Leach says Goldman Sachs saw Cleveland as primed for growth. “The entire ecosystem in Northeast Ohio is already pretty robust, so if they brought the program here it could generate jobs more quickly,” he explains. “The philanthropy will go further here than in an area less organized.”
Tri-C will host the 11-session course beginning in September. The course is intended to be a practical business management education program that helps entrepreneurs develop skills they need to grow a company. Selected participants receive a series of one-on-one business advising sessions from professionals to help develop a tailored plan for growth.
Business owners eligible to apply for the program generally have been in business for two years or more and typically have at least four employees and a revenue stream of $150,000 to $4 million per year. Applications for the free September session are being accepted through July 2. Future sessions will be offered on a quarterly basis.
Source: Ray Leach
Writer: Karin Connelly
Cleveland is the seventh city to host a 10KSB. Unlike many organizations in Cleveland that focus on startups, this program is designed for existing small business owners who are ready to grow their companies and create jobs.
“We’re really excited about this because it fills a gap,” says Jumpstart CEO Ray Leach, who has been in talks with Goldman Sachs for nearly a year about bringing the initiative to Cleveland. “It puts a new focus on the segment of the market that includes existing low-tech, medium-tech and high-tech companies that have been in business for a while.”
Other local organizations involved are Tri-C, the Urban League, the Northeast Ohio Hispanic Chamber of Commerce and COSE.
Leach says Goldman Sachs saw Cleveland as primed for growth. “The entire ecosystem in Northeast Ohio is already pretty robust, so if they brought the program here it could generate jobs more quickly,” he explains. “The philanthropy will go further here than in an area less organized.”
Tri-C will host the 11-session course beginning in September. The course is intended to be a practical business management education program that helps entrepreneurs develop skills they need to grow a company. Selected participants receive a series of one-on-one business advising sessions from professionals to help develop a tailored plan for growth.
Business owners eligible to apply for the program generally have been in business for two years or more and typically have at least four employees and a revenue stream of $150,000 to $4 million per year. Applications for the free September session are being accepted through July 2. Future sessions will be offered on a quarterly basis.
Source: Ray Leach
Writer: Karin Connelly
huffpo publishes mike symon's love letter to cleveland
"Cleveland, You have been my best friend for over 40 years," writes Symon, in a heartfelt love letter to his one and only native town.
"I hid from you like every other teenager with a skateboard and BMX, choosing to play in the suburbs, a wide world of vanilla filled with malls, chain stores and entirely too much mediocrity."
"It wasn't until I left you that I realized how amazing you are and all the great treasures you possessed. Whether it was the old world headcheese at The Sausage Shoppe, amazing pierogies at Sokolowski's or the perfect steak and steam at the Shvitz, you were -- history and culture aside -- loaded with old-world culinary traditions that most cities could only imagine."
Enjoy the rest of his ode here.
"I hid from you like every other teenager with a skateboard and BMX, choosing to play in the suburbs, a wide world of vanilla filled with malls, chain stores and entirely too much mediocrity."
"It wasn't until I left you that I realized how amazing you are and all the great treasures you possessed. Whether it was the old world headcheese at The Sausage Shoppe, amazing pierogies at Sokolowski's or the perfect steak and steam at the Shvitz, you were -- history and culture aside -- loaded with old-world culinary traditions that most cities could only imagine."
Enjoy the rest of his ode here.
The Cleveland Entrepreneurs’ Organization is one of the oldest and strongest chapters of the worldwide organization. Comprised of 115 members who are founders of business with at least $1 million in annual gross revenues, the members network, socialize and share their success stories.
Now the EO wants to share its collective knowledge with other entrepreneurs through its Accelerator program. Started three years ago, the purpose of the program is to educate and mentor small businesses to help them grow. “EO Cleveland decided to step out and take companies that are under $1 million and grow them into million-dollar companies,” says EO member Gene Roberts. “The concept is, if we can accelerate them to the $1 million mark, we can make them members.”
Participants must have businesses that make at least $250,000 annually to participate in the three-year program. EO members speak about their experiences and provide one-on-one mentoring once a month for a year. Accountability groups meet to share their progress, and regular events are designed to share advice and success stories.
“Our EO members meet with Accelerator group members once a month and talk about responsibility, how to get focus to grow, and 10 goals for growth,” says Roberts.
The Accelerator graduated six members in 2011. Ideally, Roberts says they would like to host 30 entrepreneurs in each class.
Source: Gene Roberts
Writer: Karin Connelly
Now the EO wants to share its collective knowledge with other entrepreneurs through its Accelerator program. Started three years ago, the purpose of the program is to educate and mentor small businesses to help them grow. “EO Cleveland decided to step out and take companies that are under $1 million and grow them into million-dollar companies,” says EO member Gene Roberts. “The concept is, if we can accelerate them to the $1 million mark, we can make them members.”
Participants must have businesses that make at least $250,000 annually to participate in the three-year program. EO members speak about their experiences and provide one-on-one mentoring once a month for a year. Accountability groups meet to share their progress, and regular events are designed to share advice and success stories.
“Our EO members meet with Accelerator group members once a month and talk about responsibility, how to get focus to grow, and 10 goals for growth,” says Roberts.
The Accelerator graduated six members in 2011. Ideally, Roberts says they would like to host 30 entrepreneurs in each class.
Source: Gene Roberts
Writer: Karin Connelly
'downtown cleveland is surging,' says salon
In an article titled, "Rust Belt chic: Declining Midwest cities make a comeback," Salon writer Will Doig reports on the surprising growth and popularity of former Rust Belt cities like Cleveland, Detroit and Pittsburgh.
"More than any other city in America, Cleveland is a joke, a whipping boy of Johnny Carson monologues and Hollywood’s official set for films about comic mediocrity," Doig begins.
"But here’s what else is funny: According to a recent analysis, the population of downtown Cleveland is surging, doubling in the past 20 years. What’s more, the majority of the growth occurred in the 22-to-34-year-old demo, those coveted 'knowledge economy' workers for whom every city is competing."
This newfound growth and appreciation can go one of two ways, writes Doig. "Demand for decay could spell a new era for post-industrial cities -- or run its course as a faddish blip that attracted more media coverage than actual converts."
Cleveland-based writer Richey Piiparinen argues for the former.
"The country in the 2000s, it became about growth, glamour, living beyond your means,” Piiparinen says. “It was all aspiration. Now we’re comparing the foreclosed glass condo tower to the old brick building that’s stood for a hundred years.”
Read the rest right here.
"More than any other city in America, Cleveland is a joke, a whipping boy of Johnny Carson monologues and Hollywood’s official set for films about comic mediocrity," Doig begins.
"But here’s what else is funny: According to a recent analysis, the population of downtown Cleveland is surging, doubling in the past 20 years. What’s more, the majority of the growth occurred in the 22-to-34-year-old demo, those coveted 'knowledge economy' workers for whom every city is competing."
This newfound growth and appreciation can go one of two ways, writes Doig. "Demand for decay could spell a new era for post-industrial cities -- or run its course as a faddish blip that attracted more media coverage than actual converts."
Cleveland-based writer Richey Piiparinen argues for the former.
"The country in the 2000s, it became about growth, glamour, living beyond your means,” Piiparinen says. “It was all aspiration. Now we’re comparing the foreclosed glass condo tower to the old brick building that’s stood for a hundred years.”
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