Regional Economy

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great idea: rosetta pumps new life into an old downtown landmark
Rosetta, an interactive marketing firm, boasts 1,500 team members spread across nine offices in places like New York, Los Angeles and Toronto, among others. But thanks to 450 staffers locally, Cleveland is now Rosetta's largest. That the firm has chosen 2012 to set-up shop in a downtown Cleveland landmark is pure poetry.
city's new sustainability chief says 2012 is the 'year of local food'
What's the cumulative impact of Cleveland's 200-plus community gardens, 20-plus farmers markets and 60-odd acres of urban land that have been tilled and planted for a future harvest?

That's an as yet unanswered question, says the City of Cleveland's new Sustainability Chief, but one she hopes to glean serious answers to in the coming year. Billed "The Year of Local Food" by Sustainable Cleveland 2019, a grassroots, city-led movement to employ sus... Read more >
cma included on list of 10 can't miss museums in the country
GotSaga, an interactive site that allows people to share stories, recently featured an article on the 10 best museums in the country. No surprise, The Cleveland Museum of Art was on the list. Also sharing the list are The Smithsonian Institution in Washington D.C., The Metropolitan Museum of Art in New York, and the National Cowboy & Western Heritage Museum in Oklahoma City.
 
"The Cleveland Museum of Art (CMA) is an art museum situated in Wade Park, in the U... Read more >
sparkbase debuts new loyalty program product, leads to 30 to 50 new hires
SparkBase, a leading loyalty program and gift card processor, launched a new way for merchants to reach their customers through smart phones. Paycloud allows customers to sign up for loyalty programs on their phones, eliminating the need for plastic cards and key tags to take advantage of special offers.
 
“One of the things we heard repeatedly is the cost of cards -- it’s expensive -- and the time it takes to sign up for a loyalty card,” explains Do... Read more >
arcelormittal to ramp up production, hire 150 more people
ArcelorMittal, a leading steel manufacturer, announced last week that it will re-open part of its west side Cleveland mill. A portion of the facility was idled in 2008 because of slow market conditions.
 
The re-opening means ArcelorMittal will add 150 salaried and hourly employees to the current staff of 1,700. The current staff is performing maintenance work in preparation for the restart. The new hires will mainly be skilled crafts persons and entry-level operators... Read more >
freshbag delivers quality food and a mission to promote healthy eating
Ian Wong, a medical student at CWRU, found through his studies that there was a real need for access to fresh, quality food in Cleveland’s high-density areas. His theory: If people have fresh produce, nutrition is second nature. So he and co-founder Max Wilberding started Freshbag, a grocery delivery service that debuted in 2010.
 
“The company was essentially started to improve wellness in Cleveland through nutrition,” Wong says. “Our point is... Read more >
forum spurs lively debate on how to tell city's story to natives, newcomers and beyond
Last week, Fresh Water participated in a forum entitled "A City of Two Tales: Writing About Cleveland" at the Happy Dog in the Gordon Square Arts District. The event showcased the power of new media to spur civic dialogue and prompted an ongoing debate about telling the city's story to natives and newcomers alike.

The event was organized by Ohio City Writers (OCW), a nonprofit writing center that hosts classes and literary events on Cleveland's west side... Read more >
cle one of the best airports for business travelers
VentureBeat, a media company that covers technology, recently published an article on the best connected airports in the country, which examined the 40 busiest airports and their Internet connectivity. Thanks to fast and free wireless Internet, Cleveland Hopkins International Airport (CLE) made the cut.
 
"If you do require constant Internet access, it helps to know what the best options are in terms of airlines and connecting airport locations," the reporte... Read more >
for these area nonprofits, 'regionalism' has economic, not political, focus
The prevailing impression of regionalism that has been bandied about Northeast Ohio for the better part of a decade is all wrong, says a collaborative group of area nonprofits. While the consolidation of countless municipalities is useful, it is not intrinsically regionalism. True regionalism, they argue, is defined by economic activity -- not political boundaries.
cleveland is laying out the 'welcome mat,' says the atlantic cities
"Thinking about moving? You should consider Cleveland."

So begins an article in The Atlantic Cities, which discusses recent investments totaling $7 billion in Cleveland's economic diversification, infrastructure and the arts.

Among projects mentioned are the $560 million makeover for University Hospitals Case Medical Center, $465 million convention center and medical mart, $350 million casino, and development in University Circle, including Uptown a... Read more >
award recognizes economic development efforts of nortech
NorTech was recently named a recipient of the State Science and Technology Institute’s 2011 Excellence in Technology-Based Economic Development (TBED) Awards. Now in its fifth year, the awards program identifies national models developed by states and regions to accelerate science, technology and innovation to grow their economies and create high-paying jobs.

NorTech won the Most Promising TBED Initiative award for its cluster model, which is currently being applied... Read more >
the talent dividend: how more college grads can add to cleveland's bottom line
What's the best thing a city can do to achieve more economic success? Increase its number of college graduates. Simply put: The most prosperous cities have the highest number of college grads. Efforts by CEO's for Cities and our own NOCHE -- dubbed the Talent Dividend -- are designed to up college attainment and thereby boost everybody's bottom line.
nortech to honor best in new tech at annual innovation awards
NorTech is accepting nominations for its 11th annual innovation awards, which highlight breakthrough technologies and innovations in Northeast Ohio.

“The innovation awards recognize those businesses and individuals and leaders who have created jobs and attracted capital to the region,” says NorTech president and CEO Rebecca Bagley. “The bottom line is recognizing companies that have had a positive economic impact.”
 
NorTech has held t... Read more >
tremont electric's new product turns waves into watts
Tremont Electric is developing a new energy source with its recently patented nPower Wave Energy Converter (WEC). The four-year-old Cleveland company made a huge splash with its nPower PEG, a pint-size power plant that allows people to charge their hand-held devices while walking, running or biking. Their new product uses the waves of Lake Erie -- and ultimately larger bodies of water -- to generate commercial-scale electricity.
 
“We put it in something like a ... Read more >
csu study explores economic impact of shale in ohio
Cleveland State University is part of an economic impact study of shale in Ohio and its potential to give a big boost to the state’s economy. Ohio State and Marietta College are also participating in the study, commissioned by the Ohio Chamber of Commerce on behalf of the Ohio Shale Coalition.
 
The study focuses on the economic impact of drilling for gas and oil in the Utica Point Pleasant and Marcellus shale formations that run along the eastern half of the st... Read more >
new deal with texas instruments leads linestream to 'double in size by next year'
LineStream Technologies is growing by leaps and bounds in the automated software control market. The company was created in 2008 as a spinoff out of research done by CSU’s Zhiqiang Gao, director of the Center for Advanced Control Technologies and focuses on commercializing and simplifying control software.
 
Basically, LineStream products increase efficiency, are easy to implement, and therefore improve the performance of automated systems.
 
&ldquo... Read more >
statewide tour shows off growing power of green energy
The ninth annual Green Energy Ohio Tour, held last weekend at 260 businesses and homes across the state, featured more than 160 solar, wind and green energy projects in Northeast Ohio. Yet while education was the tour's primary goal, it also communicated a critical, attention-grabbing memo to policymakers: this fast-growing industry is driving development and job creation in Ohio.

"With some of our legislators currently doubting the value of renewable energy, our... Read more >
freshwater wind farm snags $500k grant from uncle sam
The push to plant the nation's first freshwater wind farm just offshore from Cleveland has just received some financial assistance from The Department of Energy. The grant is part of a $43 million package intended to speed technical innovations, lower costs, and shorten the timelines for wind energy deployment.
 
Freshwater Wind, a private Cleveland-based developer selected by Lake Erie Energy Development Corporation (LEEDCo) to build the initial 20-30 megawatt of... Read more >
mayor jackson: 'build freshwater wind farm'
"Greater Cleveland has the potential to become the national leader in the growing renewable energy economy," Mayor Frank Jackson writes in a Plain Dealer editorial.
 
Jackson says that Cleveland must do what it takes to bring about LEEDCo's goal of planting a 20-megawatt wind energy pilot project seven miles offshore from downtown. More than just an overblown science experiment, the project will be the country's first freshwater wind farm, creating a... Read more >
nortech to host advanced energy conference
NorTech is helping to harness the alternative energy business and translate it into big business in Northeast Ohio. The Advanced Energy B2B Conference and Expo at the John S. Knight Center in Akron on September 14 and 15 will bring together the major energy players to network, educate and discuss the future of advanced energy. "We will take a look at where we're heading and how we can beat the rest of the country," says Dave Krapinski, NorTech vice president. "The whole driving ... Read more >