Entrepreneurs + Innovators
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
The Tremont Farmers Market, which takes place on Tuesdays from 4 to 7 p.m. in Lincoln Park, has quietly grown into one of the largest in Cleveland, attracting more than 1,500 people on a recent Tuesday.
"People come from all over," says Jim Votava of the Tremont West Development Corporation, who organizes the weekly market. "We've tried to create a weekly destination event that embraces good food."
This season, the market's lineup has included demonstrations from local chefs, an art yard sponsored by the annual Tremont Trek benefit, live music and booths from local businesses. The addition of more prepared foods is also a change. Presenting sponsor MetroHealth provides information on healthy living.
Modeled after the North Union Farmers Market at Shaker Square, Votava says the market demonstrates growing consumer interest in local, sustainable foods.
The Tremont Farmers Market runs all summer long and continues into the fall. During the winter, the market takes a holiday break and then continues at Holy Ghost Greek (Byzantine) Catholic Church and Cultural Center on West 14th.
Source: Jim Votava
Writer: Lee Chilcote
"People come from all over," says Jim Votava of the Tremont West Development Corporation, who organizes the weekly market. "We've tried to create a weekly destination event that embraces good food."
This season, the market's lineup has included demonstrations from local chefs, an art yard sponsored by the annual Tremont Trek benefit, live music and booths from local businesses. The addition of more prepared foods is also a change. Presenting sponsor MetroHealth provides information on healthy living.
Modeled after the North Union Farmers Market at Shaker Square, Votava says the market demonstrates growing consumer interest in local, sustainable foods.
The Tremont Farmers Market runs all summer long and continues into the fall. During the winter, the market takes a holiday break and then continues at Holy Ghost Greek (Byzantine) Catholic Church and Cultural Center on West 14th.
Source: Jim Votava
Writer: Lee Chilcote
Photo: Peggy Turbett, The Plain Dealer
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
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
Louis Alloro isn't the first non native to touch down in Northeast Ohio and notice that Cleveland could use a collective mood lift, but he is pioneering a new effort to bring the science of happiness to Northeast Ohio.
The New York City native, who holds a Master's degree in Applied Positive Psychology from the University of Pennsylvania (he is one of the first 100 people in the world to hold this degree), discovered Cleveland's mild mood disorder when he visited his best friend here a few years ago. As soon as he set foot in the city, he had "a visceral sense that positive psychology would work really well here," he says.
After attending the Sustainable Cleveland conference in 2009, Alloro formed key partnerships with other Cleveland leaders interested in positive psychology. Soon afterwards, he relocated here and launched SOMO Cleveland, a project of SOMO Leadership Labs, which aims to "find and leverage the Social-Emotional (SOMO) Leaders around town, those who share a vision for a more positive future."
Recently, SoMo Cleveland hosted a screening of the documentary film "Happy." This film presents the argument that happiness stems not from one's material possessions, but from cultivating a sense of community, fostering experiences and personal connections, and giving back to other people. The film delves into the increasingly sophisticated science of happiness to show that income and material possessions account for only a modest amount of one's level of happiness.
The film also suggests that many Americans, who tend to privilege wealth above community building, relationship building and altruism as a means of creating happiness, are misguided. The science of happiness is directly applicable to Cleveland, Alloro says, because training people to seek happiness within themselves will lead to a stronger city focused on "positive self-growth."
Each month, SOMO Cleveland is hosting a series of free learning labs, book club discussions and film discussions, among other events, to engage Clevelanders.
"We want to give people experiences that help them build their own psychological muscle, then measure how they become more effective change agents," says Alloro. "We want to create an energy that promotes a viral sweep of well-being."
Source: Louis Alloro
Writer: Lee Chilcote
The New York City native, who holds a Master's degree in Applied Positive Psychology from the University of Pennsylvania (he is one of the first 100 people in the world to hold this degree), discovered Cleveland's mild mood disorder when he visited his best friend here a few years ago. As soon as he set foot in the city, he had "a visceral sense that positive psychology would work really well here," he says.
After attending the Sustainable Cleveland conference in 2009, Alloro formed key partnerships with other Cleveland leaders interested in positive psychology. Soon afterwards, he relocated here and launched SOMO Cleveland, a project of SOMO Leadership Labs, which aims to "find and leverage the Social-Emotional (SOMO) Leaders around town, those who share a vision for a more positive future."
Recently, SoMo Cleveland hosted a screening of the documentary film "Happy." This film presents the argument that happiness stems not from one's material possessions, but from cultivating a sense of community, fostering experiences and personal connections, and giving back to other people. The film delves into the increasingly sophisticated science of happiness to show that income and material possessions account for only a modest amount of one's level of happiness.
The film also suggests that many Americans, who tend to privilege wealth above community building, relationship building and altruism as a means of creating happiness, are misguided. The science of happiness is directly applicable to Cleveland, Alloro says, because training people to seek happiness within themselves will lead to a stronger city focused on "positive self-growth."
Each month, SOMO Cleveland is hosting a series of free learning labs, book club discussions and film discussions, among other events, to engage Clevelanders.
"We want to give people experiences that help them build their own psychological muscle, then measure how they become more effective change agents," says Alloro. "We want to create an energy that promotes a viral sweep of well-being."
Source: Louis Alloro
Writer: Lee Chilcote
Backers call it a win-win-win: through an innovative development arrangement with Midtown Cleveland Inc., the City of Cleveland is moving forward on a new Third District police station. Leaders say it will make the neighborhood safer, catalyze development and free up two prominent properties in University Circle and Midtown for potential future redevelopment.
The new $17.5 million facility is slated to be built on the former Ward Bakery site at Chester Ave. and East 45th Street. The first new police station to be built in the City of Cleveland in more than three decades, it would consolidate the existing Third District police station at Chester Ave. and East 107th Street and the administrative offices located at Payne Ave. and East 21st Street.
The new station in the heart of the Health-Tech Corridor would also make the neighborhood safer without negatively impacting response times to surrounding areas, leaders say. The long vacant site would be infused with new life that could catalyze development in the area. Finally, the first floor will feature a police memorial and a community room that can be rented for special events.
In a recent community meeting, Ward 8 Councilman Jeff Johnson promised that the project would help to break down barriers between residents and police by emphasizing community policing and offering a welcoming environment.
Midtown Cleveland, which can access grant funding such as New Markets Tax Credits that the city is not eligible for, will develop the property and gradually transfer it to the city. The building will be a green structure that is LEED certified (Leadership in Energy, Efficiency and Design) and will save the city money.
Source: Midtown Cleveland Inc.
Writer: Lee Chilcote
The new $17.5 million facility is slated to be built on the former Ward Bakery site at Chester Ave. and East 45th Street. The first new police station to be built in the City of Cleveland in more than three decades, it would consolidate the existing Third District police station at Chester Ave. and East 107th Street and the administrative offices located at Payne Ave. and East 21st Street.
The new station in the heart of the Health-Tech Corridor would also make the neighborhood safer without negatively impacting response times to surrounding areas, leaders say. The long vacant site would be infused with new life that could catalyze development in the area. Finally, the first floor will feature a police memorial and a community room that can be rented for special events.
In a recent community meeting, Ward 8 Councilman Jeff Johnson promised that the project would help to break down barriers between residents and police by emphasizing community policing and offering a welcoming environment.
Midtown Cleveland, which can access grant funding such as New Markets Tax Credits that the city is not eligible for, will develop the property and gradually transfer it to the city. The building will be a green structure that is LEED certified (Leadership in Energy, Efficiency and Design) and will save the city money.
Source: Midtown Cleveland Inc.
Writer: Lee Chilcote
After 14 years in business, Blue Star Design founder Julia Briggs can tackle just about every type of project that comes her way. Business is booming and now she’s challenged with managing the tremendous growth the firm is experiencing.
A graphic designer by training, Biggs started Blue Star out of her house. Blue Star has doubled in size since January, growing from three to six employees plus a part-time sales/business advisor, and they outsource to 25 companies in Cleveland. Blue Star recently garnered the 250 votes needed to go forward in the Chase and Living Social Mission: Small Business grant contest. The votes earned Briggs the right to apply for one of a dozen $250,000 grants.
The money would allow Briggs to hire some additional people. First she would make the sales/business advisor a full time position. Other positions would include a graphic designer, an additional operations manager, and an IT development person.
“It’s been crazy,” says Briggs. “Last year at this time there were three of us. Our goal is to hire local, or help our partners hire local. We’re not quite sure what person will be needed at what time, but we want to do it smartly.”
Briggs will find out in September if Blue Star won one of the grants. In the meantime she is also applying for the Goldman-Sachs 10,000 Small Businesses initiative. She is hoping the 11-week program will offer some useful insight into managing business growth.
“It’s the opportunity I was hunting for,” she says of the program. “It typically tends to be an expensive venture when you hire an advisor like that.”
Source: Julia Briggs
Writer: Karin Connelly
A graphic designer by training, Biggs started Blue Star out of her house. Blue Star has doubled in size since January, growing from three to six employees plus a part-time sales/business advisor, and they outsource to 25 companies in Cleveland. Blue Star recently garnered the 250 votes needed to go forward in the Chase and Living Social Mission: Small Business grant contest. The votes earned Briggs the right to apply for one of a dozen $250,000 grants.
The money would allow Briggs to hire some additional people. First she would make the sales/business advisor a full time position. Other positions would include a graphic designer, an additional operations manager, and an IT development person.
“It’s been crazy,” says Briggs. “Last year at this time there were three of us. Our goal is to hire local, or help our partners hire local. We’re not quite sure what person will be needed at what time, but we want to do it smartly.”
Briggs will find out in September if Blue Star won one of the grants. In the meantime she is also applying for the Goldman-Sachs 10,000 Small Businesses initiative. She is hoping the 11-week program will offer some useful insight into managing business growth.
“It’s the opportunity I was hunting for,” she says of the program. “It typically tends to be an expensive venture when you hire an advisor like that.”
Source: Julia Briggs
Writer: Karin Connelly
The Cuyahoga Land Bank and Career Development and Placement Strategies, Inc. (CDPSI) have teamed up to create a pilot program to get formerly incarcerated fathers to work renovating houses. The pilot program, which began in November, puts participants through an intensive six-week program to teach them basic workmanship and professional skills. The participants then go into a six-month internship program with a supervisor in the field.
"The internships program is designed to assist men who are fathers trying to make a better way in their lives," explains Maurice Stevens, president of CDPSI. "They have displayed some interest in carpentry but have some barriers in transitioning to employments due to incarceration."
During the course of their internship the participants will earn $9 an hour and receive comprehensive training on the various aspects of home renovation. The interns will also receive entrepreneurship training focused on providing the basics necessary to start and run a renovation business as a sole proprietor. This training will introduce the interns to contract development, budgeting, mechanic’s liens, invoicing, insurance and bonding.
Once the interns have successfully completed the 560-hour training program, they will receive a Certificate of Completion, a recommendation from the general contractor that has been acting as their supervisor and will receive priority consideration from the Cuyahoga Land Bank for selected future renovation work.
“Our mission is to provide workforce and personal development training opportunities to our target population,” says Stevens. “Clearly, this partnership will create economic and job development for the Greater Cleveland area.”
Since November the program has hired four interns, two full-time supervisors and a general contractor. The goal is to renovate six houses and hire four interns a year through the program. One house on W. 157th Street has already been renovated and sold through the program, and two more are near completion.
Source: Maurice Stevens
Writer: Karin Connelly
"The internships program is designed to assist men who are fathers trying to make a better way in their lives," explains Maurice Stevens, president of CDPSI. "They have displayed some interest in carpentry but have some barriers in transitioning to employments due to incarceration."
During the course of their internship the participants will earn $9 an hour and receive comprehensive training on the various aspects of home renovation. The interns will also receive entrepreneurship training focused on providing the basics necessary to start and run a renovation business as a sole proprietor. This training will introduce the interns to contract development, budgeting, mechanic’s liens, invoicing, insurance and bonding.
Once the interns have successfully completed the 560-hour training program, they will receive a Certificate of Completion, a recommendation from the general contractor that has been acting as their supervisor and will receive priority consideration from the Cuyahoga Land Bank for selected future renovation work.
“Our mission is to provide workforce and personal development training opportunities to our target population,” says Stevens. “Clearly, this partnership will create economic and job development for the Greater Cleveland area.”
Since November the program has hired four interns, two full-time supervisors and a general contractor. The goal is to renovate six houses and hire four interns a year through the program. One house on W. 157th Street has already been renovated and sold through the program, and two more are near completion.
Source: Maurice Stevens
Writer: Karin Connelly
Since its launch in February, eFuneral has steadily grown as a resource for families searching for the right funeral provider. Now founders Mike Belsito and Bryan Chaikin are taking the company, which came out of the Ohio State University Fisher College of Business' 10-Xelerator last summer, to another level.
eFuneral recently announced a partnership with Hospice of Dayton. "Ever since we launched, some of our biggest supporters have come from the hospice community," says Belsito. "When patients enter hospice and don't have a funeral home picked out, they rely on hospice professionals for advice, but hospice employees are not allowed to make recommendations."
While Belsito and Chaikin have primarily focused on tapping the Northeast Ohio market, eFuneral decided to approach Hospice of Dayton, which is the second largest hospice in Ohio and one of the largest in the country.
The company has thrived in the Cleveland area -- users can get seven to eight quotes from funeral homes within minutes -- and Belsito is confident they will have the same success down state. eFuneral has hired two additional employees this year, most recently a software engineer.
Source: Mike Belsito
Writer: Karin Connelly
eFuneral recently announced a partnership with Hospice of Dayton. "Ever since we launched, some of our biggest supporters have come from the hospice community," says Belsito. "When patients enter hospice and don't have a funeral home picked out, they rely on hospice professionals for advice, but hospice employees are not allowed to make recommendations."
While Belsito and Chaikin have primarily focused on tapping the Northeast Ohio market, eFuneral decided to approach Hospice of Dayton, which is the second largest hospice in Ohio and one of the largest in the country.
The company has thrived in the Cleveland area -- users can get seven to eight quotes from funeral homes within minutes -- and Belsito is confident they will have the same success down state. eFuneral has hired two additional employees this year, most recently a software engineer.
Source: Mike Belsito
Writer: Karin Connelly
Photo: Lisa DeJong, The Plain Dealer
With the aid of a $500,000 economic development loan from the city, a former cement company's headquarters in Cleveland Heights will soon be converted into a 120-person call center.
The Medusa Cement Company occupied the building on Monticello until the late 1990s. Founded 120 years ago, the company was originally called the Portland Sandusky Cement Company. It was later renamed after Medusa, the fearsome Greek gorgon whose gaze turned men to stone. Medusa thrived in the post-war building boom. It moved its headquarters to Houston in 1999 after a merger.
Medusa Holdings, LLC applied for a loan through the city's commercial revolving loan fund program. In exchange for receiving favorable, below market terms, the developer committed to creating 120 full-time jobs. At least 51 percent of those jobs must be made available to or held by low- to moderate-income individuals.
Two-thirds of the $500,000 loan will carry a 3.5% annual interest rate and a 10-year repayment term following a one-year deferral. Up to $200,000 of the loan may be forgiven at a rate of $50,000 per year for every year during which 100 full-time equivalent jobs are maintained at the call center prior to 2018.
"This is an exciting opportunity for the Medusa building to be rejuvenated into a call center," says Suzanna Niermann O'Neill, Acting City Manager for the City of Cleveland Heights. "The whole area between the community center and the Rockefeller building has been refreshed with new restaurants and new businesses."
Nierman-O'Neill noted that this kind of economic development will bring revenue to the city's coffers and that the call center will serve nonprofit organizations.
Source: Suzanna Nierman-O'Neill
Writer: Lee Chilcote
The Medusa Cement Company occupied the building on Monticello until the late 1990s. Founded 120 years ago, the company was originally called the Portland Sandusky Cement Company. It was later renamed after Medusa, the fearsome Greek gorgon whose gaze turned men to stone. Medusa thrived in the post-war building boom. It moved its headquarters to Houston in 1999 after a merger.
Medusa Holdings, LLC applied for a loan through the city's commercial revolving loan fund program. In exchange for receiving favorable, below market terms, the developer committed to creating 120 full-time jobs. At least 51 percent of those jobs must be made available to or held by low- to moderate-income individuals.
Two-thirds of the $500,000 loan will carry a 3.5% annual interest rate and a 10-year repayment term following a one-year deferral. Up to $200,000 of the loan may be forgiven at a rate of $50,000 per year for every year during which 100 full-time equivalent jobs are maintained at the call center prior to 2018.
"This is an exciting opportunity for the Medusa building to be rejuvenated into a call center," says Suzanna Niermann O'Neill, Acting City Manager for the City of Cleveland Heights. "The whole area between the community center and the Rockefeller building has been refreshed with new restaurants and new businesses."
Nierman-O'Neill noted that this kind of economic development will bring revenue to the city's coffers and that the call center will serve nonprofit organizations.
Source: Suzanna Nierman-O'Neill
Writer: Lee Chilcote
Despite support through entrepreneurial assistance programs, area minority business owners say they still experience barriers -- some subtle, others not -- in their goal to contribute to the local business community. Finding success, many explain, is ultimately up to them.
Joddy Eric Matthews originally moved from Cleveland to Los Angeles to pursue his animation and filmmaking work. But after nearly eight years working for the likes of Sony, Pixar and DreamWorks, Matthews returned to Cleveland and created MadWerkz Studios in 2000, an animation and visual effects design firm.
Matthews and minority partners Rique D. Winston and Peter Li Cheung were glad to once again call Cleveland home.
“All of us had spent a good portion of time in L.A. and New York, but after a while the extreme workloads associated with working in Hollywood takes its toll," Matthews says. “We were all feeling a bit burnt out. It was time to come home to the people who love you.”
And Matthews has found the area is rich with design talent. “Now I get a chance to work on some pretty good films,” he says. “And there’s a wealth of talent here a lot of people don’t see. There are small teams of people here working on really big films.”
Matthews and his team of six full time creators have built a solid reputation through their work on commercials for Chrysler, General Motors and other companies as well as two films. They are currently working with a visual effects company in London. “We’re becoming more global and we didn’t have to be in L.A.,” he says.
While business is good at MadWerkz Studios -- from post production work to feature films -- Matthews hopes to continue to build on their services and keep promoting Cleveland as the go-to place for the film industry.
“It’s a lot of long hours and lots of hard work, but it’s pretty fun,” he says.
Source: Joddy Eric Matthews
Writer: Karin Connelly
Matthews and minority partners Rique D. Winston and Peter Li Cheung were glad to once again call Cleveland home.
“All of us had spent a good portion of time in L.A. and New York, but after a while the extreme workloads associated with working in Hollywood takes its toll," Matthews says. “We were all feeling a bit burnt out. It was time to come home to the people who love you.”
And Matthews has found the area is rich with design talent. “Now I get a chance to work on some pretty good films,” he says. “And there’s a wealth of talent here a lot of people don’t see. There are small teams of people here working on really big films.”
Matthews and his team of six full time creators have built a solid reputation through their work on commercials for Chrysler, General Motors and other companies as well as two films. They are currently working with a visual effects company in London. “We’re becoming more global and we didn’t have to be in L.A.,” he says.
While business is good at MadWerkz Studios -- from post production work to feature films -- Matthews hopes to continue to build on their services and keep promoting Cleveland as the go-to place for the film industry.
“It’s a lot of long hours and lots of hard work, but it’s pretty fun,” he says.
Source: Joddy Eric Matthews
Writer: Karin Connelly
Is Lakewood enough of a draw to support adding a new hotel? City leaders aren't sure, but they're spending $7,000 to complete a feasibility study of the market here that will guide future decisions.
The hotel study, which will be paid for using money from the city's economic development fund, will examine whether Lakewood can capitalize on some of the development that is occurring in downtown Cleveland and its own revitalized city center to support a hotel. Currently, there are no hotel rooms in downtown Lakewood.
In the past, studies suggested that Lakewood could not support a hotel. However, millions of dollars have been pumped into downtown Lakewood in recent years, spurring dozens of new businesses and making the area a destination. One study area will be whether or not the hotel should be in downtown or closer to I-90.
"This is not something that was born out of a council meeting -- it came out of the Chamber of Commerce and LakewoodAlive," says Lakewood Councilman Shawn Juris. "What's always struck me is that Lakewood's main demographic is 20 to 40 year olds, yet we have no wedding industry here. We're studying the feasibility of adding a boutique hotel or bed and breakfast as well as a banquet facility."
"Have the major chains overlooked us because we don't fit their cookie cutter development model? That's one of the things we'll be looking at," he says.
City leaders also want to examine the possibility of converting vacant office space into hotel rooms. Lakewood Center North could benefit from such a conversion.
Source: City of Lakewood
Writer: Lee Chilcote
The hotel study, which will be paid for using money from the city's economic development fund, will examine whether Lakewood can capitalize on some of the development that is occurring in downtown Cleveland and its own revitalized city center to support a hotel. Currently, there are no hotel rooms in downtown Lakewood.
In the past, studies suggested that Lakewood could not support a hotel. However, millions of dollars have been pumped into downtown Lakewood in recent years, spurring dozens of new businesses and making the area a destination. One study area will be whether or not the hotel should be in downtown or closer to I-90.
"This is not something that was born out of a council meeting -- it came out of the Chamber of Commerce and LakewoodAlive," says Lakewood Councilman Shawn Juris. "What's always struck me is that Lakewood's main demographic is 20 to 40 year olds, yet we have no wedding industry here. We're studying the feasibility of adding a boutique hotel or bed and breakfast as well as a banquet facility."
"Have the major chains overlooked us because we don't fit their cookie cutter development model? That's one of the things we'll be looking at," he says.
City leaders also want to examine the possibility of converting vacant office space into hotel rooms. Lakewood Center North could benefit from such a conversion.
Source: City of Lakewood
Writer: Lee Chilcote
The Virginia Marti College of Art and Design recently opened its new Couture Fashion Design Studio, a modern, light-filled space that it hopes will inspire Cleveland's next generation of fashion designers.
With large windows, light bamboo flooring and an open floor plan, the new space is a vast improvement over the old one, which was housed in the building's lower level without any windows or natural light. The Couture Fashion Design Studio houses the computer-aided drafting classroom for fashion design students.
Virginia Marti is a two-year college located on Detroit Avenue just west of West 117th Street in the City of Lakewood. The school offers five art-as-business programs geared towards helping arts entrepreneurs in their fields: digital media, fashion design, fashion merchandising, graphic design and interior design.
An exhibit of couturier garments from well-known fashion designers such as Giorgio Armani and Coco Chanel will be on display for several weeks in the new space. The garments are part of Virginia Marti-Veith's private collection.
Source: Virginia Marti College of Art and Design
Writer: Lee Chilcote
With large windows, light bamboo flooring and an open floor plan, the new space is a vast improvement over the old one, which was housed in the building's lower level without any windows or natural light. The Couture Fashion Design Studio houses the computer-aided drafting classroom for fashion design students.
Virginia Marti is a two-year college located on Detroit Avenue just west of West 117th Street in the City of Lakewood. The school offers five art-as-business programs geared towards helping arts entrepreneurs in their fields: digital media, fashion design, fashion merchandising, graphic design and interior design.
An exhibit of couturier garments from well-known fashion designers such as Giorgio Armani and Coco Chanel will be on display for several weeks in the new space. The garments are part of Virginia Marti-Veith's private collection.
Source: Virginia Marti College of Art and Design
Writer: Lee Chilcote
Anne Hartnett has a love for cycling. She’s been involved in group cycling and has taught spinning classes for many years. But she thinks there should be something more to it. While she burns energy on the bicycle, she wants to harness that energy to create electric power.
Hartnett came up with idea for Harness Fitness, a fitness studio where the cyclists pedal their way to green energy. “I had this idea to harness all this energy created from spinning,” she says. “It’s a concept that’s spreading across the country. The bikes in a group cycling studio should be able to harness energy and convert in to electricity.”
The idea started as a fitness studio that sells sustainable fitness apparel. But when Hartnett brought her business to Bad Girl Ventures’ business class, the studio became a vision of a sustainable energy power plant.
“I did market research to see if the concept would resonate in Cleveland,” says Hartnett. “I felt it was important to have the green component with a local business perspective.”
Hartnett wants to open a studio to teach spinning classes with bikes that are equipped to harness the energy and create electricity. She’s currently researching electric companies that would be willing to match their efforts. Any savings at the end of the month would go to local charities.
“It all goes back into the community grid,” says Hartnett. “It’s triple bottom line impact philosophy. It’s socially responsible -- you will be part of a larger community being part of these classes.”
The studio isn’t open yet, but Hartnett has found a lot of interest in the Tremont and Ohio City neighborhoods. She won a $5,000 loan in the BGV business plan contest and is continuing fundraising efforts to raise the $20,000 she needs to open. She hopes to open her first studio this fall.
Source: Anne Hartnett
Writer: Karin Connelly
Hartnett came up with idea for Harness Fitness, a fitness studio where the cyclists pedal their way to green energy. “I had this idea to harness all this energy created from spinning,” she says. “It’s a concept that’s spreading across the country. The bikes in a group cycling studio should be able to harness energy and convert in to electricity.”
The idea started as a fitness studio that sells sustainable fitness apparel. But when Hartnett brought her business to Bad Girl Ventures’ business class, the studio became a vision of a sustainable energy power plant.
“I did market research to see if the concept would resonate in Cleveland,” says Hartnett. “I felt it was important to have the green component with a local business perspective.”
Hartnett wants to open a studio to teach spinning classes with bikes that are equipped to harness the energy and create electricity. She’s currently researching electric companies that would be willing to match their efforts. Any savings at the end of the month would go to local charities.
“It all goes back into the community grid,” says Hartnett. “It’s triple bottom line impact philosophy. It’s socially responsible -- you will be part of a larger community being part of these classes.”
The studio isn’t open yet, but Hartnett has found a lot of interest in the Tremont and Ohio City neighborhoods. She won a $5,000 loan in the BGV business plan contest and is continuing fundraising efforts to raise the $20,000 she needs to open. She hopes to open her first studio this fall.
Source: Anne Hartnett
Writer: Karin Connelly
In this Fresh Water video, John Copic, a Collinwood native and publisher of the Collinwood Observer, takes viewers on a walking tour of his neighborhood. Stops along the way include Raddell's butcher shop, Chili Peppers Mexican Grill, Star Pop, Beachland Ballroom, Blue Arrow Records and Boutique, and the Slovenian Workmen's Home.
cwru prof urges vietnamese entrepreneurs to dream
Michael Goldberg, a professor at the Weatherhead School of Management at Case Western Reserve University and a managing partner of a venture capital fund that invests in early stage medical device companies, certainly has a bevy of knowledge and experience to share with others. He is currently taking some time off teaching in Cleveland to focus his attention on a different part of the world.
In this article, published in Vietnam, he urges Vietnamese entrepreneurs to dream and take risks.
“I was honored to be awarded a Fulbright fellowship to teach entrepreneurship at the National Economics University (NEU) in Hanoi," states Goldberg in a lengthy feature in VietNamNet Bridge.
“I had the opportunity to co-teach a course on entrepreneurship and new venture creation with Mr. Ha Tung, a talented Vietnamese lecturer.”
“It was a great experience designing a course alongside a Vietnamese professor as we were able to incorporate points of view and practical experience from the US and Vietnam into the syllabus.”
“Although Vietnam is incredibly entrepreneurial, many business people in Vietnam are afraid to fail. Thus, often times Vietnamese entrepreneurs do not take as many risks with their business as their counterparts in other countries. We also tried and push our Vietnamese students to “dream big” when they think about starting companies.”
The feature goes on to discuss in detail the strategies and challenges he faces in his efforts working with these Vietnamese students.
Read the full article here.
In this article, published in Vietnam, he urges Vietnamese entrepreneurs to dream and take risks.
“I was honored to be awarded a Fulbright fellowship to teach entrepreneurship at the National Economics University (NEU) in Hanoi," states Goldberg in a lengthy feature in VietNamNet Bridge.
“I had the opportunity to co-teach a course on entrepreneurship and new venture creation with Mr. Ha Tung, a talented Vietnamese lecturer.”
“It was a great experience designing a course alongside a Vietnamese professor as we were able to incorporate points of view and practical experience from the US and Vietnam into the syllabus.”
“Although Vietnam is incredibly entrepreneurial, many business people in Vietnam are afraid to fail. Thus, often times Vietnamese entrepreneurs do not take as many risks with their business as their counterparts in other countries. We also tried and push our Vietnamese students to “dream big” when they think about starting companies.”
The feature goes on to discuss in detail the strategies and challenges he faces in his efforts working with these Vietnamese students.
Read the full article here.
An annual JumpStart survey indicates that tech startup companies that receive assistance from mentors, advisors and investors make a significant contribution to the region’s economy, even in the early stages. The Center for Economic Development at Cleveland State University’s Levin College of Urban Affairs surveyed 121 JumpStart and North Coast Angel Fund companies to measure their economic impact on the region.
The report showed these companies had a $220.5 million economic impact in 2011 in Northeast Ohio, creating 776 direct jobs within the companies and 864 indirect jobs, for a total of 1,640 regional jobs.
“This is great for an economic region -- showing small growing startups are contributing,” says Cathy Belk, chief relationship officer for JumpStart. Belk emphasizes that the surveyed companies are not even a comprehensive list of all small tech companies in the region. However, many of the companies receive support from multiple organizations in addition to JumpStart and the North Coast Angel Fund.
Sixty-three companies included in this 2011 impact analysis also were surveyed in 2010. In one year, those companies increased their aggregated Northeast Ohio employment by 111, payroll by $8.7 million and expenditures by $20.6 million.
“All of this shows that Cleveland is one of the best places in the country to start and grow your business,” says Belk.
Source: Cathy Belk
Writer: Karin Connelly
The report showed these companies had a $220.5 million economic impact in 2011 in Northeast Ohio, creating 776 direct jobs within the companies and 864 indirect jobs, for a total of 1,640 regional jobs.
“This is great for an economic region -- showing small growing startups are contributing,” says Cathy Belk, chief relationship officer for JumpStart. Belk emphasizes that the surveyed companies are not even a comprehensive list of all small tech companies in the region. However, many of the companies receive support from multiple organizations in addition to JumpStart and the North Coast Angel Fund.
Sixty-three companies included in this 2011 impact analysis also were surveyed in 2010. In one year, those companies increased their aggregated Northeast Ohio employment by 111, payroll by $8.7 million and expenditures by $20.6 million.
“All of this shows that Cleveland is one of the best places in the country to start and grow your business,” says Belk.
Source: Cathy Belk
Writer: Karin Connelly
Jim Russell, a geographer studying modern migration patterns, writes frequently on the topic of "Rust Belt Chic." The phrase, which refers to the increasing appeal of Rust Belt cities, has been popping up like mad in the national media. Recently, Russell put boots on the ground in C-Town.
Tremont Electric has released its nPower PEG Energy Charger after releasing a prototype in 2010 and making improvements to the current model. The nPower charger is the first passive kinetic energy charger that can be used to power handheld devices. The device can be placed in a backpack or bag and harvests the user’s energy during walking, running and biking. That energy can then be used to charge smart phones, MP3 players, GPS systems or any other handheld device.
“There’s a loop at the top to hang it from a backpacks, it has a much larger battery pack with more available capacity,” says Tremont Electric founder and CEO Aaron LeMieux. “It can power a 3G device 100 percent, and a 4G device 80 percent.”
The nPower is manufactured almost completely in Ohio and distributed through a company in Streetsboro. “Anything we can get locally, we use,” says LeMieux.
Tremont Electric now has seven employees. LeMieux most recently hired two engineering technicians. He expects the company to continue to gain momentum. “We’re awfully busy these days,” he says. “We expect the next year to be pretty robust.”
Source: Aaron LeMieux
Writer: Karin Connelly
“There’s a loop at the top to hang it from a backpacks, it has a much larger battery pack with more available capacity,” says Tremont Electric founder and CEO Aaron LeMieux. “It can power a 3G device 100 percent, and a 4G device 80 percent.”
The nPower is manufactured almost completely in Ohio and distributed through a company in Streetsboro. “Anything we can get locally, we use,” says LeMieux.
Tremont Electric now has seven employees. LeMieux most recently hired two engineering technicians. He expects the company to continue to gain momentum. “We’re awfully busy these days,” he says. “We expect the next year to be pretty robust.”
Source: Aaron LeMieux
Writer: Karin Connelly