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Economic Development
Newsletter
February 2016 - Volume 3
"Cleveland is a city transformed: from
rustbelt to sustainable; from Health
Technology companies creating cures for
previously incurable diseases, to the
sights and tastes in the newly restored
Ameritrust Complex, home to Heinen's
Grocery Store; and, innovation like "Wow
Media" bringing radio to the internet.
Come experience Cleveland again for the
first time."
In This Issue
Recent E.D. Projects/Initiatives
Success Stories
Grand Openings - E.D. Funded Projects
Cleveland in the News
Cleveland Rankings
Funding Opportunities
Upcoming Events
2015 - A Banner Year
Frank G. Jackson -Mayor, City of
Cleveland
Recent Economic Development
Projects & Initiatives
Tax
Sharing
Agreement
&
Boundary
Adjustment
with Shaker Heights
This year, the City of Cleveland & the City of
Shaker Heights adjusted the municipal
2015 - A Year in Review
As a result of multiple parties hard work
and collaboration the City and its
leaders have been recognized with
multiple awards. Here is a resume of
the City's and its leaders' recent laurels
for which we all can be proud. Read
More
Cleveland in the News
boundary line separating them to transfer 8
parcels, which constitute approximately 2.3
acres, from Cleveland to Shaker
Heights. Read More
Quicken Loans Arena's rise in
rankings give credence to the Q's
global status as a primary destination
for major concert tours.
JumpStart,
Inc. HealthTech
Corridor
Attraction Fund The City of Cleveland,
Scene CNBC Partners with LeBron
James for New Reality Show Set in
Cleveland.
the Cleveland Foundation and several HTC
Inc.com Meet the Fast-Growth
Companies That Agree, Cleveland
Rocks
Cleveland Rankings
developers provided $1M in funds to be
matched by the state's Third Frontier
fund creating the $2M Health-Tech Corridor
Attraction Fund. The City contributed
$200,000 of the $1M in funds to be
"The Fifth Migration," the latest
report from the Center for Population
Dynamics ranks Cleveland 8th in U.S. in
growth rate of college-educated
millennials.
matched. Read More
Success Stories - Retention &
Attraction
Dealer
Tire
Dealer Tire,
the largest
distributor of
tires in the United State and an important
element in Cleveland's automotive cluster
considered moving outside of the City before
incentives were offered to retain them. Read
More
Abeona
Therapeutics
Abeona is the
newest addition
to the developing cluster of high tech and
health tech companies locating in Cleveland's
HTC.
Abeona is focused on developing and
delivering gene therapy and plasma-based
products for severe and life-threatening rare
diseases. Read More
Asurint Asurint, a
growing technologybased company, is the
developer and
designer of an
integrated system of
DataFox released its list of the best
cities to found a company outside
Silicon Valley and New York, and
Cleveland ranked in the top 15.
Entrepreneur.com Cleveland is home
to one of the country's top five
unexpectedly thriving startup scenes.
International Trade Administration
ranks Cleveland the 29th largest export
market in the U.S.
Funding Opportunities
Adopt a City Program
The 2016 Adopt A C ity Program
seeks to assist local manufacturers who
desire growth and revenue through
technical problem solving. Subject
experts from NASA Glenn Research
Center will be made available to
selected candidates to assist in finetuning manufacturing processes.
ECDI
Economic & C ommunity
Development Institute offers a wide
range of classes to meet the needs of
their clients and holds informational
sessions about programs to help
develop, fund, and launch a business.
background screening
products. The growing
10,000 Small Businesses
12-year old company
Goldman Sachs 10,000 Small
Businesses is an educational program
outgrew their 12,000 SF of space at 1501
Euclid Avenue in the Playhouse Square
District. Read More
Grand Openings - E.D. Funded
Projects
for small businesses. Through the
program, business owners gain skills in
negotiation, marketing, management,
and they receive customized growth
plans. The program also partners with
financial institutions to provide access to
capital.
Gypsy
Brewery
Restores
Leisy
Brewing
Building to
Original
Use
Grow Cuyahoga County
Fund The Grow C uyahoga C ounty
Justin Carson and Paul Benner are bringing
terms, up to 25 years.
Fund is a partnership among several
organizations who work to identify small
business with potential to grow and
create jobs. The Fund provides loans
from $100,000 to $3.4 million at or
below market rates with longer loan
beer brewing back to 3506 Vega Avenue in
the form of a "contract brewing facility" as
part of the first phase of the building's
renovation. Read More
StartMart
Starts
Smart in
Tower City
StartMart
opened its
doors in
September 2015 in the 35,000 SF second
floor of the Terminal Tower located in
Downtown Cleveland as an entrepreneurial
hub for the City's startup community. By
providing entrepreneurs and startups low
cost co-working space and flexible
arrangements for office space, StartMart
centralizes the workspace of
entrepreneurs. Read More
Upcoming Events
Ceramics Expo 2016
April 26-28, C eramics Expo is the
largest dedicated ceramics
manufacturing tradeshow in North
America with an economic impact of
$3.3M expected for the City of
Cleveland.
Video Corner
A Cleveland Anthem
Geiger's
Open for
Business
Geiger's is a
long-standing,
Celebrating 20 Years of Cleveland's
Brownfield Success
family-owned
retail business that has operated since 1932.
Geiger's, currently located in both Lakewood
and Chagrin Falls and now with a third
location in downtown Cleveland, sells casual
apparel, as well as technical gear for snow
sports, hiking, and travel adventuring for
men, women and children. Read More
Celebrating the 20th Anniversary of U.S.
EPA's Brownfields Program: Looking
Back, Moving Forward
Join Our
Mailing List
Former
Board of
Ed.
Building
Forward To A Friend
Stay Connected
Repurposed into Boutique
Hotel The Drury Plaza Hotel is expected to
open in the spring of 2016 at 1380 E. 6th
Street, in the former historic Cleveland
Metropolitan School District building. The
Hotel will be the first Drury-branded hotel in
Cleveland. Read More
Ushabu-New Japanese
Restaurant for Tremont
Ushabu is slated to open at 2173 Professor
Ave. in Tremont early 2016. The restaurant
will serve shabu-shabu, a Japanese style of
dining similar to fondue, featuring hotpots at
the table for patrons to cook their own meat,
seafood & vegetables in a selected style of
broth, accompanied by a variety of dipping
sauces. Read More
This newsletter and its contents were brought
to you by, The Department of Economic
Development
Tracey Nichols, Director
David Ebersole, Assistant Director
City of Cleveland, Department of Economic Development | 216.664.2406 |
[email protected] | http://rethinkcleveland.org
601 Lakeside Ave., E. Room 210
Cleveland, OH 44114