Regional Economy
washington d.c. welcomes great lakes brewing co.
“Great Lakes Brewing Company -- arguably the best thing out of Cleveland since Michael Symon’s soul patch -- is finally available on draft in NoVa starting this week,” writes Anna Spiegel of the Washingtonian in her Best Bites Blog, which highlights the Washington, D.C. area’s food, restaurant, and dining scene.
While we'll forgive her clichéd snub of Cleveland, we'd have to agree that Great Lakes makes killer beer (and Symon -- now soul patch-less -- is pretty cool, too).
Spiegel goes on to talk about GLBC’s appearances at Virtue Feed & Grain and Rustico, restaurants that will hold a series of “tap takeovers” to give the Northern Virginians a taste of what we Clevelanders have loved for years.
“The Great Lakes crew will be hopping around handing out free swag,” Spiegel closes with a witty pun.
Read the full post here.
While we'll forgive her clichéd snub of Cleveland, we'd have to agree that Great Lakes makes killer beer (and Symon -- now soul patch-less -- is pretty cool, too).
Spiegel goes on to talk about GLBC’s appearances at Virtue Feed & Grain and Rustico, restaurants that will hold a series of “tap takeovers” to give the Northern Virginians a taste of what we Clevelanders have loved for years.
“The Great Lakes crew will be hopping around handing out free swag,” Spiegel closes with a witty pun.
Read the full post here.
This year’s film festival is up to 318 films from 60 countries, ranging from documentary to feature length drama. But there are three films that will be of particular interest to Clevelanders. All documentaries, the flicks cover post-recession life of Detroit, Alcoholics Anonymous co-founder Bill Wilson, and what it means to be black in today’s society.
newsmax previews rock hall renovations
The Rock and Roll Hall of Fame and Museum is gearing up to unveil it $6.9 million renovation project writes Sandy Fitzgerald in a brief report for Newsmax. This latest renovation is the most extensive since the museum opened in 1995.
The renovations were completed just in time for the upcoming sold-out induction ceremonies that will take place on April 14.
Among the improvements made is the red carpet entrance, as well as new interactive displays, improved signage, and revamped exhibits with more of a natural flow.
“Ninety percent of the people who come to the museum love the experience,” said Terry Stewart, president and CEO of the museum. “But what don’t they like? What have we learned over the years that we can do better? We stepped back and compiled those improvements, to make it a better experience without trying to transform it into a brand-new museum."
Read the full article here.
The renovations were completed just in time for the upcoming sold-out induction ceremonies that will take place on April 14.
Among the improvements made is the red carpet entrance, as well as new interactive displays, improved signage, and revamped exhibits with more of a natural flow.
“Ninety percent of the people who come to the museum love the experience,” said Terry Stewart, president and CEO of the museum. “But what don’t they like? What have we learned over the years that we can do better? We stepped back and compiled those improvements, to make it a better experience without trying to transform it into a brand-new museum."
Read the full article here.
Cleveland rocks, that much we know. But for many local musicians, "rocking" isn't always enough to pay the bills. To make both music and a living, many must find -- or create -- music-related day jobs that supplement the bottom line. But the good news is two-fold: Cleveland musicians are supportive of one another, and here, a person doesn't have to work 60 hours a week just to pay the rent.
Garfield Heights historically has been known as the "City of Homes," yet Mayor Vic Collova wants to update that quaint image. The time is right to attract new businesses and development, he says, and the city's infrastructure, proximity to highways and business-friendly approach make it competitive.
"We haven't had a lot of new businesses moving here, and we're really trying to change our mindset," he says. "What we're doing is aggressive for Garfield Heights, but not for other areas that are more business-minded."
Like many inner ring suburbs that have a flat or declining residential tax base, Garfield Heights is now trying to diversify its tax rolls by attracting new economic development. The city has cause to celebrate a major victory this month, as the rapidly growing ebook and audio book distributor Overdrive recently broke ground on a new, $10 million world headquarters. The facility will immediate employ nearly 200 people, and could eventually employ up to 300 people.
Collova says former Governor Ted Strickland's administration was instrumental in keeping Overdrive in Ohio (the current facility is located in Valley View), and a package of incentives that included a 10-year, 100-percent tax abatement helped lure the firm to Garfield Heights. The Ohio Department of Development also provided a $200,000 grant to build a new road to service the facility.
In a competitive economic landscape in which cities and states are, for better or worse, bidding against one another to land new development projects, Collova says Garfield Heights "offered a package to meet Overdrive's needs." He adds that Economic Development Director Noreen Kupan "did a great job negotiating."
Yet Collova says regardless of incentives, the location near I-480 is becoming "one of the most sought after locations in the city" because it offers great highway access and more than 180,000 cars per day drive through the area.
The location once was home to Nestaway, a company that closed years ago and left behind a vacant building. When Overdrive moves into its new headquarters later this year, it will be one of the largest employers in the City of Garfield Heights.
Source: Vic Collova
Writer: Lee Chilcote
"We haven't had a lot of new businesses moving here, and we're really trying to change our mindset," he says. "What we're doing is aggressive for Garfield Heights, but not for other areas that are more business-minded."
Like many inner ring suburbs that have a flat or declining residential tax base, Garfield Heights is now trying to diversify its tax rolls by attracting new economic development. The city has cause to celebrate a major victory this month, as the rapidly growing ebook and audio book distributor Overdrive recently broke ground on a new, $10 million world headquarters. The facility will immediate employ nearly 200 people, and could eventually employ up to 300 people.
Collova says former Governor Ted Strickland's administration was instrumental in keeping Overdrive in Ohio (the current facility is located in Valley View), and a package of incentives that included a 10-year, 100-percent tax abatement helped lure the firm to Garfield Heights. The Ohio Department of Development also provided a $200,000 grant to build a new road to service the facility.
In a competitive economic landscape in which cities and states are, for better or worse, bidding against one another to land new development projects, Collova says Garfield Heights "offered a package to meet Overdrive's needs." He adds that Economic Development Director Noreen Kupan "did a great job negotiating."
Yet Collova says regardless of incentives, the location near I-480 is becoming "one of the most sought after locations in the city" because it offers great highway access and more than 180,000 cars per day drive through the area.
The location once was home to Nestaway, a company that closed years ago and left behind a vacant building. When Overdrive moves into its new headquarters later this year, it will be one of the largest employers in the City of Garfield Heights.
Source: Vic Collova
Writer: Lee Chilcote
local editor shares her ciff picks with the huffpo
“One of my favorite events of the year is right around the corner -- the Cleveland International Film Festival (CIFF) from March 22 to April 1," writes Stefanie Penn Spear, editor of EcoWatch for the Huffington Post.
Spear states in her lengthy feature that while she enjoys a wide variety of offerings the festival offers, environmental documentaries are always her favorite.
EcoWatch is sponsoring a film in the festival titled Dirty Energy, “which documents the personal stories of those directly affected by the BP oil spill in the Gulf of Mexico and their struggles to rebuild their lives amidst the economic devastation and long-term health risks afflicting the area.”
Spear goes on to detail another film titled Cape Spin, which she was given the opportunity to preview, about a political battle over the 2001 proposal for a Cape Wind’s energy project.
Read the detailed story here.
Spear states in her lengthy feature that while she enjoys a wide variety of offerings the festival offers, environmental documentaries are always her favorite.
EcoWatch is sponsoring a film in the festival titled Dirty Energy, “which documents the personal stories of those directly affected by the BP oil spill in the Gulf of Mexico and their struggles to rebuild their lives amidst the economic devastation and long-term health risks afflicting the area.”
Spear goes on to detail another film titled Cape Spin, which she was given the opportunity to preview, about a political battle over the 2001 proposal for a Cape Wind’s energy project.
Read the detailed story here.
the atlantic puts cleveland in context with the world
In an interesting piece titled How Big is Your City, Really by Samuel Arbesman for The Atlantic, readers are shown to look at scale and context in how they view the world.
Interesting factoids noted include the first moonwalk by the Apollo 11 crew occurred in an area no larger than a baseball diamond and that a super-dense neuron star would fit within the Boston metropolitan area.
“We often have a certain sense of cities’ importance and size, but this is too often founded on a fairly parochial context; our perceptions of cities are based on other cities we are familiar with or that are around it, and we neglect to recognize how big or small cities really are.” States Arbesman.
The story goes on to mention that Cleveland, for example, has a metropolitan population greater than that of Dublin, Amsterdam, and Brussels, but that it pales in comparison to importance in global affairs.
Read the entire feature here.
Interesting factoids noted include the first moonwalk by the Apollo 11 crew occurred in an area no larger than a baseball diamond and that a super-dense neuron star would fit within the Boston metropolitan area.
“We often have a certain sense of cities’ importance and size, but this is too often founded on a fairly parochial context; our perceptions of cities are based on other cities we are familiar with or that are around it, and we neglect to recognize how big or small cities really are.” States Arbesman.
The story goes on to mention that Cleveland, for example, has a metropolitan population greater than that of Dublin, Amsterdam, and Brussels, but that it pales in comparison to importance in global affairs.
Read the entire feature here.
In this age of speed-of-light communication, it is unheard of that a whodunit like "The Mousetrap" still can be a source of utter and total surprise. Agatha Christie's classic murder mystery play, you see, has been running non-stop in London's West End since 1952. At 60 years old, it is the longest continuously running play of all time.
Local jobs in the biomedical field are plenty and area companies are having trouble finding qualified people to fill them. To help remedy that, Global Cleveland and BioEnterprise have teamed up to host a virtual biomedical job fair March 26-30 to attract talented people in the field to the region.
“One of the consistent complaints we hear is that small and large biomedical companies in the region are not getting enough talent to meet their growth desires,” says Baiju Shah, president and CEO of BioEnterprise. “There are many, many open positions.”
Interested candidates from around the country can register for the job fair and create a profile. Participants can then log in during the fair to search available openings. The fair is free for attendees. Twenty four employers will be participating.
“What we have designed here is an attempt to attract people from around the country,” says Shah. "We thought it was an incredibly important to present a holistic picture of the industry.”
Global Cleveland plans to host similar events in the IT software, financial services and healthcare fields.
"The region is rife with opportunity,” says Shah. “We want to create a momentum, if not a stampede, of individuals returning to Cleveland to take these positions.”
Source: Baiju Shah
Writer: Karin Connelly
“One of the consistent complaints we hear is that small and large biomedical companies in the region are not getting enough talent to meet their growth desires,” says Baiju Shah, president and CEO of BioEnterprise. “There are many, many open positions.”
Interested candidates from around the country can register for the job fair and create a profile. Participants can then log in during the fair to search available openings. The fair is free for attendees. Twenty four employers will be participating.
“What we have designed here is an attempt to attract people from around the country,” says Shah. "We thought it was an incredibly important to present a holistic picture of the industry.”
Global Cleveland plans to host similar events in the IT software, financial services and healthcare fields.
"The region is rife with opportunity,” says Shah. “We want to create a momentum, if not a stampede, of individuals returning to Cleveland to take these positions.”
Source: Baiju Shah
Writer: Karin Connelly
The Northeast Ohio Sustainable Communities Consortium, a major public initiative to help move Northeast Ohio towards a more sustainable, resilient future, will launch a public engagement process in the next few months. Young professionals are among the first constituencies being targeted in this effort to create a sustainability plan for the region.
"We're looking at how we are using land through the lens of sustainability," explains Jeff Anderle, Communications and Engagement Manager for the NEOSCC, which received a $4.25 million grant from the Obama administration's Partnership for Sustainable Communities initiative and launched in January 2011. "We want to make Northeast Ohio more resilient to change, help our governments to be more collaborative and provide the tools for communities to engage in more sustainable planning."
The NEOSCC has five different work study areas: economic development, environment, communities, connections, and quality, connected places. Consortium members include city governments, planning agencies and other public entities throughout the 12-county planning area. According to Anderle, NEOSCC's members are working together because they realize it is in their self-interest to help ensure that the region's resources are used more sustainably.
"We're starting to see collaboration happening in government because resources are getting tight, and moving forward, we believe collaboration will become essential," he says. "People are waking up and coming to the table."
Over the next few months, the NEOSCC will publish an existing conditions report and begin public engagement. "We're partnering with the Civic Commons," says Anderle. "We want to empower people to become a part of the process."
Source: Jeff Anderle
Writer: Lee Chilcote
"We're looking at how we are using land through the lens of sustainability," explains Jeff Anderle, Communications and Engagement Manager for the NEOSCC, which received a $4.25 million grant from the Obama administration's Partnership for Sustainable Communities initiative and launched in January 2011. "We want to make Northeast Ohio more resilient to change, help our governments to be more collaborative and provide the tools for communities to engage in more sustainable planning."
The NEOSCC has five different work study areas: economic development, environment, communities, connections, and quality, connected places. Consortium members include city governments, planning agencies and other public entities throughout the 12-county planning area. According to Anderle, NEOSCC's members are working together because they realize it is in their self-interest to help ensure that the region's resources are used more sustainably.
"We're starting to see collaboration happening in government because resources are getting tight, and moving forward, we believe collaboration will become essential," he says. "People are waking up and coming to the table."
Over the next few months, the NEOSCC will publish an existing conditions report and begin public engagement. "We're partnering with the Civic Commons," says Anderle. "We want to empower people to become a part of the process."
Source: Jeff Anderle
Writer: Lee Chilcote
In this Fresh Water video, Cleveland chefs Jeff Fisher, Dante Boccuzzi and Zack Bruell talk about their culinary style, their restaurants, and their fondness for the farm-to-table movement. With decades of experience between them, they are able to put into context the dramatic progress the Cleveland restaurant scene has made over the past 10 to 15 years.
news spreads of uci's $100m development plan
"Nonprofit plans $100M development in Cleveland."
Columbus' Business First picked up the recent news that University Circle Inc. is planning to spend $100 million developing 2-plus acres near the intersection of Euclid and Mayfield.
UCI has hired Cleveland-based Coral Co. and Panzica Construction Co. to develop an office building, apartments and a 700-space garage on the property. Three buildings would share retail and start-up space on the first and second floors, with offices and apartments above. Also in the plan is more than 100,000 square feet of offices and 96 apartments, the newspaper reports.
Read the entire report here.
Columbus' Business First picked up the recent news that University Circle Inc. is planning to spend $100 million developing 2-plus acres near the intersection of Euclid and Mayfield.
UCI has hired Cleveland-based Coral Co. and Panzica Construction Co. to develop an office building, apartments and a 700-space garage on the property. Three buildings would share retail and start-up space on the first and second floors, with offices and apartments above. Also in the plan is more than 100,000 square feet of offices and 96 apartments, the newspaper reports.
Read the entire report here.
Shaker Launchhouse co-founder/marketing Dar Caldwell describes the business accelerator as a "thriving entrepreneurial ecosystem." That ecosystem will welcome 10 new inhabitants this coming fall thanks to funding from Ohio's New Entrepreneurs (ONE) Fund.
The $200,000 grant will be "a welcome addition here, allowing us to ramp up even more," Caldwell says. Launchhouse already provides dozens of member companies with all sorts of support, from office space to branding to patenting. Not to mention free coffee and wifi.
The ONE Fund grant will allow Launchhouse to seek additional tech start-ups from around Ohio, surrounding states and Chicago. Caldwell says the search won't focus on any particular industry; high growth potential is the key. He expects that Launchhouse will make a formal announcement of the search in April, but notes that the center -- at 3558 Lee Road in Shaker Heights -- has received a steady stream of applications since opening last spring.
Launchhouse's members are nothing if not diverse. Current portfolio members include freshbag, an online produce-shopping and delivery service founded by a Case Western medical student and some friends; Cell-A-Spot, which developed a system allowing cell phone users to cut their monthly bills by accepting targeted ads; and Railroad Empire, an online game for Facebook.
Operated by Ohio's Third Frontier initiative, the ONE Fund is a “mentorship-driven program [that] focuses on the professional development of young entrepreneurs with the necessary ambition to commercialize new technologies.” In addition to Launchhouse, the fund recently awarded grants to similar programs in Cincinnati and Columbus.
Source: Dar Caldwell
Writer: Frank W. Lewis
The $200,000 grant will be "a welcome addition here, allowing us to ramp up even more," Caldwell says. Launchhouse already provides dozens of member companies with all sorts of support, from office space to branding to patenting. Not to mention free coffee and wifi.
The ONE Fund grant will allow Launchhouse to seek additional tech start-ups from around Ohio, surrounding states and Chicago. Caldwell says the search won't focus on any particular industry; high growth potential is the key. He expects that Launchhouse will make a formal announcement of the search in April, but notes that the center -- at 3558 Lee Road in Shaker Heights -- has received a steady stream of applications since opening last spring.
Launchhouse's members are nothing if not diverse. Current portfolio members include freshbag, an online produce-shopping and delivery service founded by a Case Western medical student and some friends; Cell-A-Spot, which developed a system allowing cell phone users to cut their monthly bills by accepting targeted ads; and Railroad Empire, an online game for Facebook.
Operated by Ohio's Third Frontier initiative, the ONE Fund is a “mentorship-driven program [that] focuses on the professional development of young entrepreneurs with the necessary ambition to commercialize new technologies.” In addition to Launchhouse, the fund recently awarded grants to similar programs in Cincinnati and Columbus.
Source: Dar Caldwell
Writer: Frank W. Lewis
Business leaders who say that the resurgence of manufacturing is helping to lead Northeast Ohio out of the recession will find cause for optimism in Hedalloy Die Corporation. The tool and die maker in Cleveland's Slavic Village neighborhood is currently doubling the size of its 3,500-square-foot production facility to accommodate increased demand.
“We are seeing a shift back to U.S. manufactured products,” said Joe Susa, Hedalloy’s General Manager, in a release. “Customers are paying more attention to quality rather than bottom line prices. American made tools are getting noticed for their higher quality and longer life span. ”
Hedalloy has doubled its sales since 2009 and hired additional employees. Its expansion on E. 49th Street is expected to be complete next month.
In an era of global competition, Hedalloy’s ability to deliver its products in half the time of some of its competitors has also helped to boost sales. The company has clients in the automotive, military, medical, and aerospace industries.
Established in 1947, Hedalloy has been at its Slavic Village location since the early 1950s. The company had considered relocating to the eastern suburbs to expand. Support from Slavic Village Development and Councilwoman Phyllis Cleveland, as well as a zoning permit granted by Cleveland, aided its decision to stay.
Hedalloy is a family-owned company. John Susa, Sr. began working at the company in 1960 and bought the firm in 1991. In addition to his son Joe, Mr. Susa‘s wife Eleanor is the bookkeeper and his son John, Jr. is the Vice President.
Source: Joe Susa
Writer: Lee Chilcote
“We are seeing a shift back to U.S. manufactured products,” said Joe Susa, Hedalloy’s General Manager, in a release. “Customers are paying more attention to quality rather than bottom line prices. American made tools are getting noticed for their higher quality and longer life span. ”
Hedalloy has doubled its sales since 2009 and hired additional employees. Its expansion on E. 49th Street is expected to be complete next month.
In an era of global competition, Hedalloy’s ability to deliver its products in half the time of some of its competitors has also helped to boost sales. The company has clients in the automotive, military, medical, and aerospace industries.
Established in 1947, Hedalloy has been at its Slavic Village location since the early 1950s. The company had considered relocating to the eastern suburbs to expand. Support from Slavic Village Development and Councilwoman Phyllis Cleveland, as well as a zoning permit granted by Cleveland, aided its decision to stay.
Hedalloy is a family-owned company. John Susa, Sr. began working at the company in 1960 and bought the firm in 1991. In addition to his son Joe, Mr. Susa‘s wife Eleanor is the bookkeeper and his son John, Jr. is the Vice President.
Source: Joe Susa
Writer: Lee Chilcote
symon pulls off three-peat at south beach burger bash
Just as every chef clears his or her schedule to attend the annual South Beach Wine and Food Festival (they don't call it Spring Break for chefs for nothing), so too do members of the media, all promising to swap ink for access.
It's no surprise then that media outlets from all across the nation gladly trumpeted news of Cleveland chef Michael Symon's win at the annual Burger Bash. Besting chefs from around the globe, Symon claimed top honors for an unprecedented third year in a row at the sold-out event.
B Spot served up approximately 2,100 Porky burgers, beef and pork patties topped with pulled pork, slaw, spicy pickle and Stadium Mustard.
When asked what his secret was, Symon told reporters, "You want to know the secret? Great people -- that's the secret."
Read one example here.
It's no surprise then that media outlets from all across the nation gladly trumpeted news of Cleveland chef Michael Symon's win at the annual Burger Bash. Besting chefs from around the globe, Symon claimed top honors for an unprecedented third year in a row at the sold-out event.
B Spot served up approximately 2,100 Porky burgers, beef and pork patties topped with pulled pork, slaw, spicy pickle and Stadium Mustard.
When asked what his secret was, Symon told reporters, "You want to know the secret? Great people -- that's the secret."
Read one example here.
OnShift Software, a leader in web-based staff scheduling and shift management software for the healthcare industry, closed $3 million in series B financing. The funding will help OnShift meet the rising demand to manage healthcare costs.
OnShift is experiencing fast, significant growth, having achieved a 400 percent increase in annual revenue in 2011. The company’s customer base has surged to more than 600 in the past year. The funding will be used to accelerate OnShift’s sales and marketing strategies and expand its presence in the healthcare industry.
“The healthcare market is under a lot of pressure to get costs under control,” says OnShift CEO Mark Woodka. “Our customers need to manage their labor costs in long-term care and senior living. That collection of customers is primarily doing it manually. This funding will allow us to meet the demand, accelerate our growth and continue to deliver world class, innovative solutions to our healthcare clients.”
With OnShift, providers control labor costs by preventing overtime, managing open shifts, and operating with appropriate staffing levels
OnShift has 36 employees and plans to grow to 55 or 60 this year.
Source: Mark Woodka
Writer: Karin Connelly
OnShift is experiencing fast, significant growth, having achieved a 400 percent increase in annual revenue in 2011. The company’s customer base has surged to more than 600 in the past year. The funding will be used to accelerate OnShift’s sales and marketing strategies and expand its presence in the healthcare industry.
“The healthcare market is under a lot of pressure to get costs under control,” says OnShift CEO Mark Woodka. “Our customers need to manage their labor costs in long-term care and senior living. That collection of customers is primarily doing it manually. This funding will allow us to meet the demand, accelerate our growth and continue to deliver world class, innovative solutions to our healthcare clients.”
With OnShift, providers control labor costs by preventing overtime, managing open shifts, and operating with appropriate staffing levels
OnShift has 36 employees and plans to grow to 55 or 60 this year.
Source: Mark Woodka
Writer: Karin Connelly
Imagine if a traumatic event like a car accident or shooting fundamentally altered the shape of your skull. That kind of trauma can be both physically and psychologically destructive to a victim. Patient-specific craniofacial implants created by Cleveland-based startup OsteoSymbionics protect the brain and restore one's natural head shape.
Someday, perhaps, we'll power our ever-growing number of personal electronic devices with something sustainable like biofuels or sunlight. Until then, the nPower PEG (personal energy device) will do nicely. Tremont Electric's clever gadget converts the motion of walking or running into energy, which it stores in a battery until you're ready to recharge your cell phone or iPod.
Cool, right? The only problem to date has been getting hold of one.
"The last 18 months have been pretty challenging," says vice president Jill LeMieux. The supplier of the custom battery used in the original design proved unable to keep up. At present there are about 2,000 nPower PEG's in use -- and 5,000 on back order. That's an encouraging but precarious situation for a small company.
But things should improve in late March; that's when Delta Systems in Streetsboro begins mass-producing nPower PEGs. Would-be owners' reward for waiting will be greater energy efficiency in the new models -- which Tremont Electric founder and CEO Aaron LeMieux attributes to advances in microprocessors -- and a standardized battery that holds twice the charge of the older ones.
Delta Systems has been "very supportive," Jill adds, fronting the tooling costs until sales ramp up. She expects to sell at least 1,000 units per month. In the near future they'll only be available through the website, but some retailers already are expressing interest. The product is a natural for stores serving runners, hikers and campers.
"What we've seen since the rollout of this product is overwhelming demand for it," says Aaron.
The company hears frequently from users who "love" the PEG, including servicemen in Afghanistan, who report that it has worked "flawlessly." And like the deal with Delta, a military order would be another big, energy-generating step forward for the tiny company. The PEG is also a finalist in the Edison Awards, which will be announced April 26. Tremont Electric also continues to work with universities and others on deploying buoys that would convert the motion of waves into large-scale energy production.
Notes Aaron, "It's going to get interesting around here, I can say that much."
Sources: Jill and Aaron LeMieux
Writer: Frank W. Lewis
Cool, right? The only problem to date has been getting hold of one.
"The last 18 months have been pretty challenging," says vice president Jill LeMieux. The supplier of the custom battery used in the original design proved unable to keep up. At present there are about 2,000 nPower PEG's in use -- and 5,000 on back order. That's an encouraging but precarious situation for a small company.
But things should improve in late March; that's when Delta Systems in Streetsboro begins mass-producing nPower PEGs. Would-be owners' reward for waiting will be greater energy efficiency in the new models -- which Tremont Electric founder and CEO Aaron LeMieux attributes to advances in microprocessors -- and a standardized battery that holds twice the charge of the older ones.
Delta Systems has been "very supportive," Jill adds, fronting the tooling costs until sales ramp up. She expects to sell at least 1,000 units per month. In the near future they'll only be available through the website, but some retailers already are expressing interest. The product is a natural for stores serving runners, hikers and campers.
"What we've seen since the rollout of this product is overwhelming demand for it," says Aaron.
The company hears frequently from users who "love" the PEG, including servicemen in Afghanistan, who report that it has worked "flawlessly." And like the deal with Delta, a military order would be another big, energy-generating step forward for the tiny company. The PEG is also a finalist in the Edison Awards, which will be announced April 26. Tremont Electric also continues to work with universities and others on deploying buoys that would convert the motion of waves into large-scale energy production.
Notes Aaron, "It's going to get interesting around here, I can say that much."
Sources: Jill and Aaron LeMieux
Writer: Frank W. Lewis
While the Cleveland-Cuyahoga County Port Authority has no direct involvement in the sexy new downtown development taking place, the independently run agency's emphasis on vital infrastructure improvements is no less important to the region's bottom line, says president and CEO William Friedman.
cbs news says ohio's bottom line stands to gain from shale drilling
Citing a recently released study, CBS News reports that Ohio stands to gain $4.9 billion and 65,000 new jobs from shale drilling.
Led by a team of economics, energy and geology experts from Cleveland State University, Ohio State University and Marietta College's Department of Petroleum, the study looked at the probable economic gains that would come from the controversial practice of "fracking" -- hydraulic fracturing.
"By 2014, about $4.9 billion would be invested in Ohio's economy by the industry; almost 66,000 jobs would be created or 'supported' by industry growth; $433 million in local and state taxes would be generated; and energy companies would be paying wages and benefits totaling $3.3 billion," the item states.
"Altogether, the industry will generate $1.7 billion for Ohio's economy this year, $5.8 billion next year, and nearly $10 billion in 2014, the research found. Gross state product could grow by 1 percent, a significant increase from the 0.6 percent average for the past 13 years."
Read the rest of the news article here.
See the Ohio Shale Coalition Study here.
Led by a team of economics, energy and geology experts from Cleveland State University, Ohio State University and Marietta College's Department of Petroleum, the study looked at the probable economic gains that would come from the controversial practice of "fracking" -- hydraulic fracturing.
"By 2014, about $4.9 billion would be invested in Ohio's economy by the industry; almost 66,000 jobs would be created or 'supported' by industry growth; $433 million in local and state taxes would be generated; and energy companies would be paying wages and benefits totaling $3.3 billion," the item states.
"Altogether, the industry will generate $1.7 billion for Ohio's economy this year, $5.8 billion next year, and nearly $10 billion in 2014, the research found. Gross state product could grow by 1 percent, a significant increase from the 0.6 percent average for the past 13 years."
Read the rest of the news article here.
See the Ohio Shale Coalition Study here.