Citizens Bank is giving the Economic Community Development Institute (ECDI) a $1 million line of credit to help finance loans to new and expanding businesses. ECDI provides loans between $500 and $350,000 to business owners and entrepreneurs trying to start or grow their businesses who might otherwise not be able to secure a loan.
 
ECDI's Cleveland office will receive the majority of the money, says Eric Diamond, executive vice president ... Read more >

When the Incubator at MAGNET launched ProtoTech last year, the event was a pitch competition for product-based start-ups competing for $25,000 in prize money. This year, organizers have shifted focus a bit with ProtoTech: INVEST – a networking and pitch event that is all about investment in growing companies.
 
“Last year it was a pitch event for really early stage companies,” says Dave Crain, the Incubator at MAGNET executive dir... Read more >

While it is not easy to move to a new country and a new city full of different cultures, languages and traditions, refugees not only make it work, they become some of Cleveland’s most successful entrepreneurs.

Using the local food scene as a launch pad, craft food startups are growing quickly. We caught up with a fresh batch to learn the recipes behind their success.

Jeanne Petrus-Rivera became a vegan seven years ago, partly for health reasons. She quickly learned that one of the things vegans miss most is dairy. So she set out to create a tasty, healthy alternative. With that, Petrus-Rivera started Red Lotus Foods, making a variety of cashew-based products that are tasty, healthy and wildly popular at local farmers markets in Northeast Ohio.

“As a vegan, I found a lot of people who are interested in going vegan, but found... Read more >

Three organizations -- LaunchHouse, Civic Commons Ideastream and Economic and Community Development Institute (ECDI) -- have come together as the lead partners in supporting entrepreneurs with ideas to improve their communities.

SEA Change, a Social Enterprise Accelerator, provides up to $50,000 in funding, coaching and connections to eligible candidates trying to make a difference in Cleveland neighborhoods. “We’re funding people who ... Read more >

The final inspections for Cleveland Culinary Launch and Kitchen take place this week, and a customer is planning to come in the next day. The organizers behind Cleveland's first-ever shared commercial kitchen hope that's a sign of good things to come.

The kitchen's goal is to help local food entrepreneurs bring products to market. With so many food truck owners, caterers, urban gardeners and budding chefs making their products in cramped home quarters or churc... Read more >