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A busy week for new biz loans and programs

While most Clevelanders were finally finishing off the Thanksgiving leftovers, these organizations were busy announcing loans and programs aimed at helping area small businesses, entrepreneurs and employees with good ideas.
 
-A unique collaborative of organizations and institutions has launched a small business lending program to help African American and minority businesses create and maintain jobs for residents and build community wealth. With a focus on bringing capital to underserved groups, the National Urban League’s Urban Empowerment Fund, Morgan Stanley, the National Development Council, the Urban League of Greater Cleveland, and Cuyahoga County have come together to offer the Capital Access Fund of Greater Cleveland (CAF).
 
CAF is a three-year program that provides minority business owners with access to capital offering 50 loans totaling $8 million as well as pre- and post-loan counseling to ensure the success of those small business borrowers. With a goal of creating or maintaining a minimum of 300 jobs within those three years, CAF already has completed 8 loans totaling $1.4 million helping to create or maintain 70 local jobs.
 
Read more here.
 
-Bad Girl Ventures Cleveland celebrated their fall 2016 graduation and five-year anniversary on November 30th by awarding two $15,000 loans, in partnership with the Economic Community Development Institute (ECDI), to the following women entrepreneurs: Liza Rifkin of Liza Michelle Jewelry and Angelina Rodriguez Pata of Blackbird Fly Boutique. Both are located in Ohio City.

-The MetroHealth System hosted its second Think Tank Competition on November 30. Modeled after the ABC show Shark Tank, employees submitted their ideas for a chance to win money to fund projects for the betterment of MetroHealth. Two winners were awarded a cool $150,000 each.
 
Their projects include one aimed at the development of a strategic approach to reduce the risks of opioid dependence and addiction for patients and the community through integrated pathways, analytics, informatics, and education. The other will create a formal team/department to administer and coordinate all of event medicine needs.

Read more here.

 

Insider's cheat sheet: LeBron James' Cleveland Hustles debut

Fresh Water was treated to a preview of the first edition of executive producer LeBron James' Cleveland based reality show Cleveland Hustles, which debuts tomorrow night, Aug. 24 at 10 p.m. EST on CNBC. The show features local entrepreneurs and investors - which is something we know a thing or two about. After all, we've been covering Cleveland's biz scene and the people that fuel it for more than five years.

Hence, we offer these fun insider tips to watch for during the show:


- Be on the lookout for Brandyn Armstrong. Fresh Water first broke his winning story about his Studio Stick project back in March.
 
- One of the primary players on Cleveland Hustle is one Kumar Arora, whom we loved learning all about when we published this one about the edgy Cleveland-based clothing and accessory endeavor iLTHY.
 
- The man behind CLE's urban winery movement, Mansfield Fraizer … he's in there!

- Do those still photos of Alan Glazen featured in tomorrow's episode look a bit familiar? Of course they do ... Fresh Water's managing photographer Bob Perkoski shot them for this article.

- And just for fun: how does King James behave when he's amid his royal subjects? Why, we've got a photo essay for that!
 
- Lastly, if you're looking for the real skinny on the Gordon Arts neighborhood: we invite you to enjoy it as a perfect slice of Cleveland.

Good luck to the entire cast and crew of Cleveland Hustles.

Women's Business Center to host April 19 launch party

On Tuesday, April 19 from 4 to 6 p.m. at the Ariel International Center, 1163 East 40th St., the  Women's Business Center of Northern Ohio will host a launch party featuring cocktails and hors d'oeuvres provided by Half Moon Bakery and Fire and Ash Catering.

Representatives from Cuyahoga County, Key4Women Resource Center and the Small Business Administration will be in attendance.

Three ticket options are available for purchase: members ($40), non-members ($55), and new membership with ticket ($100). Registration and ticket purchase is available online. Members interested in having a table at the event please may contact  Carrie Rosenfelt.

 

Fund for Our Economic Future approves $3m in awards

The members of the Fund for Our Economic Future (the Fund), a philanthropic collaboration, have approved $3 million in funding to advance business development and job creation in Northeast Ohio, with the end goal of growing the regional economy so that all people benefit.

The recipients include:

Team NEO:  a one-year award of up to $650,000 to support the advancement of a shared, regional economic competitiveness strategy, business development and economic research.

BioEnterprise:  a two-year award of up to $800,000 to support its efforts to grow the bioscience cluster.

MAGNET:  a two-year award of up to $900,000 for its PRISM initiative to help mid-size manufacturers with high-growth potential innovate and prosper.

JumpStart:  a two-year award of up to $500,000 for its Scaleup Initiative to support high-growth potential companies; and a one-year award of up to $150,000 to support its startup network. 

Get all the details on this announcement here.

JumpStart, CWRU and St. Clair Superior among grant recipients

Earlier this month, Burton D. Morgan Foundation Trustees approved more than $3.2 million in grants to organizations that promote entrepreneurship in Northeast Ohio. 
 
Beneficiaries include:

St. Clair Superior Development Corporation - $100,000 to develop youth entrepreneurship opportunities that integrate the unique maker culture of the St. Clair Superior neighborhood into Northeast Ohio’s rich entrepreneurship programming (2 years).

JumpStart - $1,000,000 to support the expansion of the Burton D. Morgan Mentoring Program to serve companies in new sectors (3 years).

Case Western Reserve University - $193,381 to support the publication of a book and the design and execution of data collection protocols associated with the Beyond Silicon Valley massive online open course (2 years).

Hawken School - $100,000 to support the development of a digital platform for the Hawken Educators Workshop, and provide scholarships for public school educators in Northeast Ohio to attend the workshop (2 years).

Notre Dame College - $100,000 to support entrepreneurship programming in 2016 and 2017 ($50,000) and to secure and improve program space on campus in 2016 ($50,000).
 
A complete list of grantees is available here.
 

Zack Bruell named a semifinalist for 2016 James Beard Award

The James Beard Foundation announced today its list of Restaurant and Chef Award semifinalists for the 26th annual James Beard Foundation Awards.

Selected from a list of more than 20,000 online entries, the prestigious group of semifinalists in 21 categories represents a wide range of culinary talent, from exceptional chefs and dining destinations in ten different regions across the U.S.

Bruell and his restaurant Parallax are named in the "Best Chef, Great Lakes" category. Read the entire release here.
 

The Daily Meal names The Velvet Tango Room to list of 150 best bars in America

"Proprietor Paulius Nasvytis and the bartenders of The Velvet Tango Room are 'torchbearers of tradition.' Since 1996, the bartenders here were serving classic cocktails long before it was trendy. There are more than 80 cocktails on the menu; about 30 of them are house creations, including the India Lime Fizz (a rich, creamy, and powerful cocktail that combines gin, rum, flora India limes, vanilla, and a whole egg). The bar is housed in a space that was once a speakeasy — bullet holes can still be seen in the ceiling. The bar and back bar are made of refinished mahogany and the front room feature a baby grand piano at which music is played nightly by a three-piece jazz combo and a late-night pianist. The second room is reached by walking through a mirror in the coatroom. There's another baby grand piano there, along with a cozy fireplace, comfy leather chairs, and, further beyond, a patio where some of the bar's cocktail ingredients are grown. Both rooms have an old-fashioned black-and-white TV that shows classic movies with no sound. There are limited snacks, like speck, which is locally sourced smoked pork belly made by a German family in Cleveland."

Read the full story here.

Vibrant City Awards attract sold-out crowd, celebrate urban champions

On Tuesday, over 500 guests gathered at the Victory Center in the Health-Tech Corridor for the first-ever Vibrant City awards, hosted by Cleveland Neighborhood Progress.

CNP President Joel Ratner told the crowd, “The facts are there. Data shows that our region is gaining brains and income, our city schools are making terrific improvements, and Cleveland’s population loss is ending. We are headed into an era of exciting growth.”

City of Cleveland Community Development Director Daryl Rush was honored with the inaugural Morton L.Mandel Leadership in Community Development Award.

Other recipients were:

CDC Catalytic Project/Program Award
Fairfax Renaissance Development -- Intergenerational housing

Urban Realtor Award
Keith Brown and Dave Sharkey – Progressive Urban Real Estate

Developer Award
Keith Sutton and Dave Territo, Sutton Builders

Neighborhood Branding & Marketing Award
Downtown Cleveland Alliance – You and Downtown Video

Community Collaboration Award
Gordon Square Arts District (DSCDO, NWT, CPT)

Corporate Partner Award
Third Federal Saving

Huff Po names Cleveland the # 1 beercation destination

"Cleveland has become the San Francisco of craft beer with small batch startups dominating the scene. Check out local offerings from Nano, Market Garden and Platform to make the most of your Cleveland stay."

Read the full story here.

Jetsetter names Cleveland one of 10 great new food cities

"For years, the bold and the bearded poured into Portland, Ore., embracing craft spirits, farm-to-table fare and all things artisanal. Is Cleveland next? Local chefs like Michael Symon say yes, taking advantage of low rents and the Midwestern bounty like Iowa prosciutto at casually brilliant restaurants and urban breweries, including Great Lakes Brewing Company and Buckeye Brewing. At Lola Bistro, owner Michael Symon celebrates butcher cuts like calves hearts with preserved lemon. Jonathon Sawyer, whose Greenhouse Tavern is one of Symon’s favorite haunts, recently opened an opulent Italian spot called Trentina, where the bread course includes an edible beef candle (not a typo) made from aged beef tallow."

Read the full story here.

Thrillist: West Side Market is a 'definitive American destination'

"There are great food markets all over America these days, but few are as ingrained in the community (it’s 100+ years old) or as representative of it (some of the same vendors have been there 60 years or more). Cleveland native Phoebe Connell explains in this quote we had to excerpt the bejesus out of because she gave us two pages of loving notes:

'The West Side Market, THE JEWEL OF CLEVELAND. This isn't a farmers market -- it’s a place where everyone's grandmother used to come to get cabbage and a roast for Sunday dinner. Think of it as being in Williamsburg before Williamsburg was fancy: still in the city, but in an actual neighborhood with working class homes.'"

Read the full story here.

Buzzfeed names Cleveland one of 29 cities 20somethings should move to

"It's cheap, their museum is on point, and they have excellent taste in beer." So says Buzzfeed.

Check out what other cities made the list. Read the full story here.

Travel + Leisure readers rank Cleveland one of America's best food cities

"The rust belt city offers some old-fashioned, even old-world, charms. Readers ranked it at No. 5 for its rich food halls, like West Side Market—with spices, baked goods and delis—which dates back to 1912, when it catered primarily to the city’s immigrants."

Read the full story here.
 

Small Box wins Community Impact Award

"Historic Warehouse District Development Corporation (HWDDC)is proud to announce that Dominion East Ohio and Inside Business have recognized Small Box project with a 2015 Dominion Community Impact Award," the organization announced in a press release this week. "Each year, Dominion East Ohio and Inside Business recognize nonprofits whose projects are making an impact in our local communities."

Read about the project here.  

must-read politico story critiques greater university circle initiative

"Today, though, University Circle’s boosters describe a community where felons are getting jobs, hospitals are hiring from the neighborhoods, dilapidated houses are being refurbished and banks are making loans to collectives of the previously unemployed," writes Keith Epstein in this illuminating Politico story. "A 'health technology corridor has given birth to 170 startups, many located in new office space on brownfields cleansed of contamination. 'Uptown' is hot: A new retail and residential real estate development bustles with students, their parents, doctors, and people from the nearby neighborhoods who dine, shop and attend concerts before walking back to their homes."

"The Cleveland program, now entering its 10th year, expands on preexisting models—from recent initiatives in West Philadelphia to a priest’s campaign to empower Basque workers after the Spanish Civil War. It has been in place long enough that it has seen its share of successes and experienced invaluable setbacks that have forced a rethinking of approaches when economic realities didn’t align with the vision. Buffalo, Atlanta, Amarillo and at least a dozen other cities are closely monitoring the program."

Read the full story here.
148 entrepreneurs + innovators Articles | Page: | Show All
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