Stories
“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.
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 advice from industry experts at MAGNET. David Crain, Director of Entrepreneurial Services at MAGNET, says that he came up with the idea as a way to help student entrepreneurs start companies in Cleveland.
"Students are comfortable starting businesses in their dorm rooms, and yet while they might hear of all these great resources within the region, they're often not sure where to go," says Crain. "Once you have a relationship with someone here, it's really easy to walk down the hallway, ask a question and get an answer."
Students admitted into the Beta Space program have access to a wide array of resources at their fingertips. Not only can they use the physical space anytime they want, but they also have access to coaching services from MAGNET's mentors. Finally, they can brainstorm with other student entrepreneurs.
"We coach them on what they're up against and help them put together a business plan," says Crain. "The entrepreneurial education taking place at the college level is starting to have an impact, and we're seeing a quantum leap in student ideas."
The Beta Space also offers free legal, finance and marketing advice to any entrepreneur, a resource that Crain says is unavailable elsewhere.
Source: Dave Crain
Writer: Lee Chilcote
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 advice from industry experts at MAGNET. David Crain, Director of Entrepreneurial Services at MAGNET, says that he came up with the idea as a way to help student entrepreneurs start companies in Cleveland.
"Students are comfortable starting businesses in their dorm rooms, and yet while they might hear of all these great resources within the region, they're often not sure where to go," says Crain. "Once you have a relationship with someone here, it's really easy to walk down the hallway, ask a question and get an answer."
Students admitted into the Beta Space program have access to a wide array of resources at their fingertips. Not only can they use the physical space anytime they want, but they also have access to coaching services from MAGNET's mentors. Finally, they can brainstorm with other student entrepreneurs.
"We coach them on what they're up against and help them put together a business plan," says Crain. "The entrepreneurial education taking place at the college level is starting to have an impact, and we're seeing a quantum leap in student ideas."
The Beta Space also offers free legal, finance and marketing advice to any entrepreneur, a resource that Crain says is unavailable elsewhere.
Source: Dave Crain
Writer: Lee Chilcote
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). “Entrepreneurship is doing really great in this region, but accessing capital is not the first thing people think about when starting a business.”
A lot of local entrepreneurs are not aware of the funding resources that are available in the area. The Continuum is designed to illustrate all that is out there. “Here we have precious capital we’re trying to dole out to the best entrepreneurs,” says Cocco. “But they’re not like banks, which have big buildings with their names on every corner. It would be a shame if people with a good idea fail because they don’t know we’re out there.”
Panel members include Cocco, Ken Marblestone, president, Charter One and RBS Citizens; Daniel Kellogg, managing director, Crystal Venture Funds; Claiborne Rankin, manager of North Coast Angel Fund; and Jerry Frantz, managing venture partner with JumpStart.
The free event will be held at JumpStart’s offices. Cocco says about 30 people have already signed up and he hopes for 50 or 60. “If 100 show up I’ll be really pleased,” he says.
Registration is required.
Source: Dennis Cocco
Writer: Karin Connelly
“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). “Entrepreneurship is doing really great in this region, but accessing capital is not the first thing people think about when starting a business.”
A lot of local entrepreneurs are not aware of the funding resources that are available in the area. The Continuum is designed to illustrate all that is out there. “Here we have precious capital we’re trying to dole out to the best entrepreneurs,” says Cocco. “But they’re not like banks, which have big buildings with their names on every corner. It would be a shame if people with a good idea fail because they don’t know we’re out there.”
Panel members include Cocco, Ken Marblestone, president, Charter One and RBS Citizens; Daniel Kellogg, managing director, Crystal Venture Funds; Claiborne Rankin, manager of North Coast Angel Fund; and Jerry Frantz, managing venture partner with JumpStart.
The free event will be held at JumpStart’s offices. Cocco says about 30 people have already signed up and he hopes for 50 or 60. “If 100 show up I’ll be really pleased,” he says.
Registration is required.
Source: Dennis Cocco
Writer: Karin Connelly
A new development of luxury, green-built townhomes in Lakewood overlooking the Rocky River have beat the housing bust, selling 12 of 17 units before the curtains have even been hung in the model suite.
Abode Living, the developer of Clifton Pointe, held a groundbreaking ceremony last month and expects to complete construction on the spoken-for townhomes this winter. Buyers will be living in their new townhomes in time to take advantage of the Rocky River Reservation Metroparks amenities next year.
Developer Andrew Brickman of Abode Living attributes the success of Clifton Pointe to offering a high-quality product that attracts urban-oriented buyers.
"This is how people want to live today," says Brickman, who is also developing 11 River in Rocky River and 27 Coltman in Little Italy. "They're tired of urban sprawl and living in places like Strongsville and Avon Lake and Twinsburg. If you look around the country, there's a strong trend of people moving back to cities."
You can think of Clifton Pointe as an un-gated luxury community, Brickman says. The eco-friendly units will offer a communal kayak, onsite recycling program and sustainable landscaping that is low-maintenance and doesn't need extra watering.
For buyers who think they can't afford riverfront living, Brickman has a message: Do the math. With prices starting at $340,000, a 10-year tax abatement, and interest rates below four percent, purchasers end up with a monthly payment of about $1,300 per month -- less than the cost of a swank two-bedroom apartment, he quips.
"We're trying to open it up," he says. "This is what new urbanism is all about. We tore down three old houses and are creating a $10 million-plus new project."
Source: Andrew Brickman
Writer: Lee Chilcote
Abode Living, the developer of Clifton Pointe, held a groundbreaking ceremony last month and expects to complete construction on the spoken-for townhomes this winter. Buyers will be living in their new townhomes in time to take advantage of the Rocky River Reservation Metroparks amenities next year.
Developer Andrew Brickman of Abode Living attributes the success of Clifton Pointe to offering a high-quality product that attracts urban-oriented buyers.
"This is how people want to live today," says Brickman, who is also developing 11 River in Rocky River and 27 Coltman in Little Italy. "They're tired of urban sprawl and living in places like Strongsville and Avon Lake and Twinsburg. If you look around the country, there's a strong trend of people moving back to cities."
You can think of Clifton Pointe as an un-gated luxury community, Brickman says. The eco-friendly units will offer a communal kayak, onsite recycling program and sustainable landscaping that is low-maintenance and doesn't need extra watering.
For buyers who think they can't afford riverfront living, Brickman has a message: Do the math. With prices starting at $340,000, a 10-year tax abatement, and interest rates below four percent, purchasers end up with a monthly payment of about $1,300 per month -- less than the cost of a swank two-bedroom apartment, he quips.
"We're trying to open it up," he says. "This is what new urbanism is all about. We tore down three old houses and are creating a $10 million-plus new project."
Source: Andrew Brickman
Writer: Lee Chilcote
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, says Lexi Hotchkiss, director of communications with Positively Cleveland, the region's tourism and economic development group.
Cuyahoga County alone is undergoing a $2 billion tourism investment revival over the next five years, a confluence of high-profile projects including a new casino, a medical mart and convention center, and the dramatic renovation of Cleveland's illustrious art museum.
"Two-billion is not chump change," says Hotchkiss. "It's a big deal that can have a domino effect [on the area]."
Tourism is bigger business locally than many people realize, adds Hotchkiss. The industry is Cuyahoga County's fourth-largest employer. In 2011, 30 million people visited the Cleveland Plus region, sustaining 163,000 jobs with $13 billion in economic impact. During that same time frame, 14 million visitors decended upon Cleveland, supporting 61,000 jobs.
(Continue reading...)
Bringing the 18-county Cleveland Plus region to the disposable income-flush masses should not be a hard sell these days, says Lexi Hotchkiss, director of communications with Positively Cleveland, the region's tourism and economic development group.
Cuyahoga County alone is undergoing a $2 billion tourism investment revival over the next five years, a confluence of high-profile projects including a new casino, a medical mart and convention center, and the dramatic renovation of Cleveland's illustrious art museum.
"Two-billion is not chump change," says Hotchkiss. "It's a big deal that can have a domino effect [on the area]."
Tourism is bigger business locally than many people realize, adds Hotchkiss. The industry is Cuyahoga County's fourth-largest employer. In 2011, 30 million people visited the Cleveland Plus region, sustaining 163,000 jobs with $13 billion in economic impact. During that same time frame, 14 million visitors decended upon Cleveland, supporting 61,000 jobs.
(Continue reading...)
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 is paid to angel groups and state programs.
What makes Ohio so ripe for investment?
1. Untapped investment opportunities: Ohio has significant deal flow in two of the most dynamic market segments — healthcare and information technology.
2. Attractive deals for the right price: Ohio is full of quality investment opportunities that are not typical “club” deals, allowing venture firms to avoid overpaying.
3. Long-term vision: Midwestern investors are more likely to back companies that actually create something tangible – such as a new medical device or electronics products due to the region’s supply chain assets and sophisticated manufacturing workforce.
4. Supporting its entrepreneurs: Ohio has an abundance of resources for entrepreneurs across the state to help them along the way and to get their ideas out. A select few include TechColoumbus, TechGrowth, CincyTech, and JumpStart.
"Investing in Ohio will continue to reap impressive returns over the next 10 years."
Read the rest right here.
"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 is paid to angel groups and state programs.
What makes Ohio so ripe for investment?
1. Untapped investment opportunities: Ohio has significant deal flow in two of the most dynamic market segments — healthcare and information technology.
2. Attractive deals for the right price: Ohio is full of quality investment opportunities that are not typical “club” deals, allowing venture firms to avoid overpaying.
3. Long-term vision: Midwestern investors are more likely to back companies that actually create something tangible – such as a new medical device or electronics products due to the region’s supply chain assets and sophisticated manufacturing workforce.
4. Supporting its entrepreneurs: Ohio has an abundance of resources for entrepreneurs across the state to help them along the way and to get their ideas out. A select few include TechColoumbus, TechGrowth, CincyTech, and JumpStart.
"Investing in Ohio will continue to reap impressive returns over the next 10 years."
Read the rest right here.
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, and trail backers want to give them a chance to participate in the grand occasion. So after the project leaders and public officials take their turn, it's a B.Y.O.S. (Bring Your Own Shovel) event, and everyone is invited to join in.
The event is scheduled for Monday, July 30th at 11 a.m. at 1871 Scranton Road.
"We wanted to figure out a way to involve the many people who have anxiously awaited the project," says Tim Donovan, Executive Director of Ohio Canal Corridor, the nonprofit spearheading the effort with the City of Cleveland, Cleveland Metroparks and Cuyahoga County. "I don't sit on a boatload of shovels, but if you bring your own, then we can capture it. If you can't be there, send us a photo of you with your shovel, and we'll print them up and have them on site."
So far, Donovan has received photos of supporters with shovels from as far away as New Mexico. Those bringing a shovel will be eligible to have their names entered into a raffle to win a $100 gift certificate from Lockkeepers restaurant.
The .6 mile trail will follow Scranton Road from Carter Road south to University Road along the Scranton Peninsula. A portion of the $9.1 million total price tag will be used to restore 11 acres of polluted industrial land. The project will also replace a portion of decrepit river bulkhead with a more natural stone and plant terrace.
The project was funded by the Clean Ohio Conservation Fund, Great Lakes Restoration Initiative and the State of Ohio, among other funding sources.
Source: Tim Donovan
Writer: Lee Chilcote
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, and trail backers want to give them a chance to participate in the grand occasion. So after the project leaders and public officials take their turn, it's a B.Y.O.S. (Bring Your Own Shovel) event, and everyone is invited to join in.
The event is scheduled for Monday, July 30th at 11 a.m. at 1871 Scranton Road.
"We wanted to figure out a way to involve the many people who have anxiously awaited the project," says Tim Donovan, Executive Director of Ohio Canal Corridor, the nonprofit spearheading the effort with the City of Cleveland, Cleveland Metroparks and Cuyahoga County. "I don't sit on a boatload of shovels, but if you bring your own, then we can capture it. If you can't be there, send us a photo of you with your shovel, and we'll print them up and have them on site."
So far, Donovan has received photos of supporters with shovels from as far away as New Mexico. Those bringing a shovel will be eligible to have their names entered into a raffle to win a $100 gift certificate from Lockkeepers restaurant.
The .6 mile trail will follow Scranton Road from Carter Road south to University Road along the Scranton Peninsula. A portion of the $9.1 million total price tag will be used to restore 11 acres of polluted industrial land. The project will also replace a portion of decrepit river bulkhead with a more natural stone and plant terrace.
The project was funded by the Clean Ohio Conservation Fund, Great Lakes Restoration Initiative and the State of Ohio, among other funding sources.
Source: Tim Donovan
Writer: Lee Chilcote
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 $5.8 billion in investment -- $3.3 billion for new construction and $2.5 billion for building rehab, together totaling more than 110 projects. Disproving naysayers and exceeding the expectations of supporters, the project has generated the economic growth that many thought could only be achieved with rail -- and at a fraction of the cost."
"Ridership has increased steadily over the years and now totals about 15,100 people per day. "
Read the rest of the article here.
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 $5.8 billion in investment -- $3.3 billion for new construction and $2.5 billion for building rehab, together totaling more than 110 projects. Disproving naysayers and exceeding the expectations of supporters, the project has generated the economic growth that many thought could only be achieved with rail -- and at a fraction of the cost."
"Ridership has increased steadily over the years and now totals about 15,100 people per day. "
Read the rest of the article here.
Are the dark days of mass demolition behind for the city of Cleveland? Thanks to progressive thinkers -- and historic tax credits and support from local and county government -- more and more architectural gems are being sustainably renovated to accommodate modern businesses.
Ohio Technical College, an automotive technology school at East 51st and St. Clair Ave., has grown its student population in recent years. As it has done so, OTC has continued to invest in the St. Clair Superior neighborhood where its main campus is located.
Recently, OTC purchased two corner bars that had been considered a nuisance by neighborhood residents. OTC also leased or purchased several other buildings, including the former City Desk, which is slated to house classrooms, offices and a visitor center. These efforts have removed blighted buildings from the area.
OTC's growth has been fueled in part by the innovative partnerships it has formed with automotive companies. In April, the school celebrated the opening of the new Edelbrock Academy, a partnership with Edelbrock Performance Products, one of the world's leading manufacturers of high performance, aftermarket auto parts.
OTC has also formed a similar partnership with Jasper Engines and Transmissions in Jasper, Indiana, which is one of the country's leading producers of engines and transmissions. For both Jasper and Edelstein, this kind of partnership is beneficial because the companies need mechanics who are familiar with their products.
Through these partnership, OTC is helping to educate the next generation of mechanics in the heart of Cleveland. Currently, enrollment is 1,200 at the main campus on East 51st and 300 at the Power Sports Institute in North Randall.
Ohio Technical College offers "a wide array of technician training programs in automotive, motorcycle, diesel equipment, collision repair and refinishing, classic car restoration, high performance and racing, alternative fuel vehicles, power generator systems, and BMW," according to the institution's website.
Source: Ohio Technical College
Writer: Lee Chilcote
Recently, OTC purchased two corner bars that had been considered a nuisance by neighborhood residents. OTC also leased or purchased several other buildings, including the former City Desk, which is slated to house classrooms, offices and a visitor center. These efforts have removed blighted buildings from the area.
OTC's growth has been fueled in part by the innovative partnerships it has formed with automotive companies. In April, the school celebrated the opening of the new Edelbrock Academy, a partnership with Edelbrock Performance Products, one of the world's leading manufacturers of high performance, aftermarket auto parts.
OTC has also formed a similar partnership with Jasper Engines and Transmissions in Jasper, Indiana, which is one of the country's leading producers of engines and transmissions. For both Jasper and Edelstein, this kind of partnership is beneficial because the companies need mechanics who are familiar with their products.
Through these partnership, OTC is helping to educate the next generation of mechanics in the heart of Cleveland. Currently, enrollment is 1,200 at the main campus on East 51st and 300 at the Power Sports Institute in North Randall.
Ohio Technical College offers "a wide array of technician training programs in automotive, motorcycle, diesel equipment, collision repair and refinishing, classic car restoration, high performance and racing, alternative fuel vehicles, power generator systems, and BMW," according to the institution's website.
Source: Ohio Technical College
Writer: Lee Chilcote
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 Foundation, and the Cleveland Foundation have committed $4.6 million in resources.
Micro-loans will account for $4 million of the fund while the remaining $600,000 will provide training and technical assistance for Cleveland small businesses. A 2011 study by Friedman Associates, a national firm specializing in microfinance, estimated a need of $38 million for loans under $50,000 in Cuyahoga County, with the greatest gap among minority-owned businesses.
“Neighborhood businesses who would not otherwise have access to capital will benefit from these loans,” says Daniel P. Walsh, Huntington northeast Ohio president. “These loans really stabilize neighborhoods with the capital to achieve the American dream. It will reinvigorate those neighborhoods that need reinvestment.”
The average loan is between $15,000 and $20,000. Eight area businesses have already benefited from loans through the program, totaling $163,000. ECDI started a similar program in Columbus in 2004 and has made $11.4 million in loans to 700 small businesses, creating or retaining 1,955 jobs.
The majority of businesses who will benefit from the loans are five employees or fewer, explains Bob Eckardt, executive vice president of the Cleveland Foundation. “There’s a pretty significant gap in this community and this will support a wide range of businesses,” he says. “We’re trying to do a big-picture thing. It’s important to support the entrepreneurs by getting them the funding they need to grow big or hire employees.”
Source: Daniel P. Walsh, Bob Eckardt
Writer: Karin Connelly
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 Foundation, and the Cleveland Foundation have committed $4.6 million in resources.
Micro-loans will account for $4 million of the fund while the remaining $600,000 will provide training and technical assistance for Cleveland small businesses. A 2011 study by Friedman Associates, a national firm specializing in microfinance, estimated a need of $38 million for loans under $50,000 in Cuyahoga County, with the greatest gap among minority-owned businesses.
“Neighborhood businesses who would not otherwise have access to capital will benefit from these loans,” says Daniel P. Walsh, Huntington northeast Ohio president. “These loans really stabilize neighborhoods with the capital to achieve the American dream. It will reinvigorate those neighborhoods that need reinvestment.”
The average loan is between $15,000 and $20,000. Eight area businesses have already benefited from loans through the program, totaling $163,000. ECDI started a similar program in Columbus in 2004 and has made $11.4 million in loans to 700 small businesses, creating or retaining 1,955 jobs.
The majority of businesses who will benefit from the loans are five employees or fewer, explains Bob Eckardt, executive vice president of the Cleveland Foundation. “There’s a pretty significant gap in this community and this will support a wide range of businesses,” he says. “We’re trying to do a big-picture thing. It’s important to support the entrepreneurs by getting them the funding they need to grow big or hire employees.”
Source: Daniel P. Walsh, Bob Eckardt
Writer: Karin Connelly
Twenty teams came to LaunchHouse on July 18 to pitch their business ideas for a chance to be accepted into the inaugural LaunchHouse Accelerator program and a $25,000 investment in their businesses at the Tech UnConference.
LaunchHouse received a $200,000 grant from the Ohio Third Frontier ONEFund to invest in startups. During the Tech UnConference companies will present three-minute pitches to a panel of Cleveland-area experts. Following the pitch session, companies then had the opportunity to demo their internet, technology or mobile app startup company.
The judges will select 10 companies for the accelerator. More than 50 companies applied for the chance to pitch. The chosen companies will then participate in a 12-week program, in which they will have experience-based lab sessions with one on one mentorship, and opportunities to network with successful entrepreneurs.
The program curriculum is very customer focused, says LaunchHouse CEO and founder Todd Goldstein. “The companies we select have to be very customer-centric,” he explains. “The entrepreneurs will develop their companies with their clients, so at the end of the 12 weeks they’ve identified who is going to pay for their product and accelerate their business.”
Goldstein describes the accelerator as a formalized approach to helping companies. “Up to this point, admission have been on a rolling basis and very informal,” he says. “This is a formalization of the years we’ve spent helping companies.”
The 12-week program will conclude with a showcase day, when the businesses will present to investors and venture capitalists. The 10 companies will be announced on Aug.8, with classes beginning Sept. 4.
Source: Todd Goldstein
Writer: Karin Connelly
LaunchHouse received a $200,000 grant from the Ohio Third Frontier ONEFund to invest in startups. During the Tech UnConference companies will present three-minute pitches to a panel of Cleveland-area experts. Following the pitch session, companies then had the opportunity to demo their internet, technology or mobile app startup company.
The judges will select 10 companies for the accelerator. More than 50 companies applied for the chance to pitch. The chosen companies will then participate in a 12-week program, in which they will have experience-based lab sessions with one on one mentorship, and opportunities to network with successful entrepreneurs.
The program curriculum is very customer focused, says LaunchHouse CEO and founder Todd Goldstein. “The companies we select have to be very customer-centric,” he explains. “The entrepreneurs will develop their companies with their clients, so at the end of the 12 weeks they’ve identified who is going to pay for their product and accelerate their business.”
Goldstein describes the accelerator as a formalized approach to helping companies. “Up to this point, admission have been on a rolling basis and very informal,” he says. “This is a formalization of the years we’ve spent helping companies.”
The 12-week program will conclude with a showcase day, when the businesses will present to investors and venture capitalists. The 10 companies will be announced on Aug.8, with classes beginning Sept. 4.
Source: Todd Goldstein
Writer: Karin Connelly
Ohio City attracts over three million visitors per year and has several thriving anchor institutions. Its population grew from 2000 to 2010 and the neighborhood has added 35-plus new businesses and 300 jobs in recent years.
All of this sounds pretty good, yet popularity inevitably comes with a price. This near west side neighborhood is now suffering the growing pains of any successful urban neighborhood that must balance the needs of residents, workers and visitors. In short, it's got a parking problem.
To address this problem, Ohio City is adopting a Multimodal Transportation Plan that places an emphasis on traffic calming, bike lanes, pedestrian friendly streets and public transportation. In acknowledgement of the fact that most of the area's visitors still arrive by car, the plan also offers remedies for the parking crunch.
The plan includes an emphasis on Complete Streets (bike lanes and traffic calming for pedestrians); transit oriented development (potential mixed-use housing adjacent to the West 25th rapid station); a comprehensive wayfinding system; parking solutions that include valet parking for visitors and employees, plus consolidation and paid parking in the West Side Market lot; a future structured parking garage; residential permit parking; and additional parking meters.
West Side Market tenants have expressed concerns about the notion of charging for parking in the market lot, yet Ohio City Inc. leaders are pushing for it. Free parking would be available in 90 minute increments for market shoppers. Right now, some people park in the market lot even when they aren't shopping there.
"The goal of the Plan is to provide as many transportation options as possible so that the community is not too dependent on surface parking as the only option for visitors," the plan states. "Increasing access to safe bike and pedestrian infrastructure will increase the number of trips to Ohio City by foot or by bike."
Discussions are ongoing, and vendors are pushing for two hours of free parking (the city prefers 90 minutes). The city would like to see the new parking system in place by spring of next year, but the vendors have the power to block the deal.
"We believe the plan provides smart solutions to eliminating parking congestion and will lead to a more easily navigable and safer neighborhood for all of our visitors," says Eric Wobser, Executive Director of Ohio City Inc. He adds that he hopes that an agreement with vendors will be hammered out this month.
Source: Ohio City Inc.
Writer: Lee Chilcote
All of this sounds pretty good, yet popularity inevitably comes with a price. This near west side neighborhood is now suffering the growing pains of any successful urban neighborhood that must balance the needs of residents, workers and visitors. In short, it's got a parking problem.
To address this problem, Ohio City is adopting a Multimodal Transportation Plan that places an emphasis on traffic calming, bike lanes, pedestrian friendly streets and public transportation. In acknowledgement of the fact that most of the area's visitors still arrive by car, the plan also offers remedies for the parking crunch.
The plan includes an emphasis on Complete Streets (bike lanes and traffic calming for pedestrians); transit oriented development (potential mixed-use housing adjacent to the West 25th rapid station); a comprehensive wayfinding system; parking solutions that include valet parking for visitors and employees, plus consolidation and paid parking in the West Side Market lot; a future structured parking garage; residential permit parking; and additional parking meters.
West Side Market tenants have expressed concerns about the notion of charging for parking in the market lot, yet Ohio City Inc. leaders are pushing for it. Free parking would be available in 90 minute increments for market shoppers. Right now, some people park in the market lot even when they aren't shopping there.
"The goal of the Plan is to provide as many transportation options as possible so that the community is not too dependent on surface parking as the only option for visitors," the plan states. "Increasing access to safe bike and pedestrian infrastructure will increase the number of trips to Ohio City by foot or by bike."
Discussions are ongoing, and vendors are pushing for two hours of free parking (the city prefers 90 minutes). The city would like to see the new parking system in place by spring of next year, but the vendors have the power to block the deal.
"We believe the plan provides smart solutions to eliminating parking congestion and will lead to a more easily navigable and safer neighborhood for all of our visitors," says Eric Wobser, Executive Director of Ohio City Inc. He adds that he hopes that an agreement with vendors will be hammered out this month.
Source: Ohio City Inc.
Writer: Lee Chilcote
Give Camp launches its third year in Cleveland this weekend, helping 24 nonprofit organizations develop websites, web-based applications, mobile apps, databases and all that is technical in a three-day whirlwind event at Lean Dog Software and Burke Lakefront Airport.
During the weekend, technology professionals, developers, designers, database administrators, marketing professionals and others donate their time to help area nonprofit organizations with a wide range of projects.
Give Camp began in 2007 as an idea by a Miscosoft executive as a way to give back to local charities in Dallas. Cleveland Give Camp has grown each year.
“The fact that we’re popular is one of the challenges we’ve had this year,” says spokesperson Amy Wong. “It was so great the last two years, people really want to be involved with the event.”
Last year's camp was valued at $500,000 and year one was valued at $250,000 worth of work performed.
Wong expects more than 200 people to turn out this weekend. Part of the reason Give Camp has grown in popularity is the fact that it’s a great opportunity to network. “There are so many diverse people, which is why it’s a great networking event,” explains Wong. “Companies come down as a team, independent tech geeks come down because they want to be a part of something cool.”
Organizers look at need, budget, and scope of the project in selecting the organizations they help. This year, Give Camp Cleveland is one of the beneficiaries. “We’re project number 25,” Wong says. “We need a new website. We joke we’re the cobbler who doesn’t have his own shoes.”
Source: Amy Wong
Writer: Karin Connelly
During the weekend, technology professionals, developers, designers, database administrators, marketing professionals and others donate their time to help area nonprofit organizations with a wide range of projects.
Give Camp began in 2007 as an idea by a Miscosoft executive as a way to give back to local charities in Dallas. Cleveland Give Camp has grown each year.
“The fact that we’re popular is one of the challenges we’ve had this year,” says spokesperson Amy Wong. “It was so great the last two years, people really want to be involved with the event.”
Last year's camp was valued at $500,000 and year one was valued at $250,000 worth of work performed.
Wong expects more than 200 people to turn out this weekend. Part of the reason Give Camp has grown in popularity is the fact that it’s a great opportunity to network. “There are so many diverse people, which is why it’s a great networking event,” explains Wong. “Companies come down as a team, independent tech geeks come down because they want to be a part of something cool.”
Organizers look at need, budget, and scope of the project in selecting the organizations they help. This year, Give Camp Cleveland is one of the beneficiaries. “We’re project number 25,” Wong says. “We need a new website. We joke we’re the cobbler who doesn’t have his own shoes.”
Source: Amy Wong
Writer: Karin Connelly
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.
"Local bands like Herzog are taking off nationally, but once you step outside of the in-the-know crowd, a lot of people have no idea," says founder Justin Markert, who has operated Cellar Door as a record label for years with his partner, Rick Fike. "We want to bring not-so-well-known artists to a bigger audience."
Markert says that Cellar Door will also be an eclectic, anything-goes art space featuring films, fiction readings, art shows and candid, behind-the-scenes conversations with emerging bands or artists. Cellar Door also manages a blog that curates the best of the local music scene.
A launch party featuring local bands is slated for Friday, July 27th at 7 p.m. at 1667 E. 40th Street, Suite 2G.
Source: Justin Markert
Writer: Lee Chilcote
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.
"Local bands like Herzog are taking off nationally, but once you step outside of the in-the-know crowd, a lot of people have no idea," says founder Justin Markert, who has operated Cellar Door as a record label for years with his partner, Rick Fike. "We want to bring not-so-well-known artists to a bigger audience."
Markert says that Cellar Door will also be an eclectic, anything-goes art space featuring films, fiction readings, art shows and candid, behind-the-scenes conversations with emerging bands or artists. Cellar Door also manages a blog that curates the best of the local music scene.
A launch party featuring local bands is slated for Friday, July 27th at 7 p.m. at 1667 E. 40th Street, Suite 2G.
Source: Justin Markert
Writer: Lee Chilcote
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.
detroit shoreway nabs $50k nea placemaking grant
The National Endowment for the Arts announced its 2012 Our Town Grant Recipients, with $5 million going out to creative placemaking in 80 communities across the country.
Detroit Shoreway Community Development Organization received $50,000.
"The Detroit Shoreway neighborhood of Cleveland, Ohio, is home to more than 14,300 residents. Revitalization efforts in the neighborhood focus around the Gordon Square Arts District, an emerging arts and entertainment destination.
"The Detroit Shoreway Community Development Organization, together with the City of Cleveland and several local arts and business organizations, is using the Our Town grant to design an affordable artist live/work space in Gordon Square. The 24 artist live/work units will be developed in the historic Templin Bradley Building, a site in downtown Cleveland that has been vacant for decades. When complete, the units will be inhabited by artists earning at or below 120 percent of the Area Median Gross Income. A 3,500-square-foot gallery space will also be created for residents and other local artists to display their work."
Read about all recipients here.
Detroit Shoreway Community Development Organization received $50,000.
"The Detroit Shoreway neighborhood of Cleveland, Ohio, is home to more than 14,300 residents. Revitalization efforts in the neighborhood focus around the Gordon Square Arts District, an emerging arts and entertainment destination.
"The Detroit Shoreway Community Development Organization, together with the City of Cleveland and several local arts and business organizations, is using the Our Town grant to design an affordable artist live/work space in Gordon Square. The 24 artist live/work units will be developed in the historic Templin Bradley Building, a site in downtown Cleveland that has been vacant for decades. When complete, the units will be inhabited by artists earning at or below 120 percent of the Area Median Gross Income. A 3,500-square-foot gallery space will also be created for residents and other local artists to display their work."
Read about all recipients here.
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.
“We are targeting 30 to 35 employers to each post a few jobs openings,” says Global Cleveland president Larry Miller. “It’s great visibility in a short period of time.”
Officials at Global Cleveland have found the online jobs fairs to be an effective way to recruit. The biomedical jobs fairs in March and June attracted more than 9,000 people to the site, with nearly 1,800 applications filed.
The event is free for job seekers. Employers have two options: For $275 they can post up to three jobs and have unlimited internship postings on the Cleveland Recruiting Company, a private LinkedIn group of 1,200. For $525 employers receive additional access to Global Cleveland’s job search databases.
“In the world of recruiting, it’s a very inexpensive way to get the word out,” says Miller. “Every employer we have talked to has told us about the need for talented employees. It’s difficult to find the IT talent they need.”
If the IT job fair is successful, Miller says they probably will hold another one in a couple of months.
Source: Larry Miller
Writer: Karin Connelly
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.
“We are targeting 30 to 35 employers to each post a few jobs openings,” says Global Cleveland president Larry Miller. “It’s great visibility in a short period of time.”
Officials at Global Cleveland have found the online jobs fairs to be an effective way to recruit. The biomedical jobs fairs in March and June attracted more than 9,000 people to the site, with nearly 1,800 applications filed.
The event is free for job seekers. Employers have two options: For $275 they can post up to three jobs and have unlimited internship postings on the Cleveland Recruiting Company, a private LinkedIn group of 1,200. For $525 employers receive additional access to Global Cleveland’s job search databases.
“In the world of recruiting, it’s a very inexpensive way to get the word out,” says Miller. “Every employer we have talked to has told us about the need for talented employees. It’s difficult to find the IT talent they need.”
If the IT job fair is successful, Miller says they probably will hold another one in a couple of months.
Source: Larry Miller
Writer: Karin Connelly
cleveland clinic, university hospitals score high on us news survey
Once again, the Cleveland Clinic and University Hospitals performed well in the annual Best Hospitals survey published by U.S. News. Both had numerous nationally ranked programs.
The Clinic, however, snagged top honors in three specialties: cardiology and heart surgery, nephrology, and urology. Overall, the Clinic had 12 specialties in the top five nationally.
Meanwhile, University Hospitals had 12 nationally ranked programs.
Read all the ranking here.
The Clinic, however, snagged top honors in three specialties: cardiology and heart surgery, nephrology, and urology. Overall, the Clinic had 12 specialties in the top five nationally.
Meanwhile, University Hospitals had 12 nationally ranked programs.
Read all the ranking here.