Regional Economy

port authority announces plans for cleveland-europe express ocean freight service
The Cleveland-Cuyahoga County Port Authority has announced plans to launch the first-ever Cleveland-Europe express ocean freight service, an effort that is currently being finalized and will be cemented next month if the agency's levy passes, officials say.

Port Authority business is already strong, Executive Director Will Friedman said at a recent press conference, with last month's port traffic having exceeded pre-recession levels. The new service will enhance those business fundamentals by offering "lower-cost, faster and greener" direct service.

"For freight, this is like the equivalent of a Cleveland Hopkins direct-to-Heathrow flight from our airport," said Friedman. "We feel that it will be well-subscribed by the maritime community in Northeast Ohio and beyond. There's a huge market -- fifty percent of the country's population is within an eight-hour drive of us."

"We believe this new service will be a game-changer for area companies, helping them become more competitive in the global economy," added board chair Marc Krantz, who stressed that it will help goods and products reach Northeast Ohio manufacturers and companies more quickly and result in more money spent locally.

Without this service, containers shipped from Europe are sent to East Coast ports, where they are then placed aboard a truck or freight line to be transported to Ohio. With the addition of this service, being chartered by the Port itself, both travel time and cost are reduced.

Friedman says the service would create 361 new direct and indirect jobs and generate $34.4 million of total personal income earned. The Port already generates $1.8 billion in annual economic activity.


Source: Will Friedman, Marc Krantz
Writer: Lee Chilcote
abeona therapeutics receives award for its work with sanfilippo disease
Abeona Therapeutics, a small biotech startup company that develops therapies for lysomal storage diseases, earned the Global Gene’s Champion of Hope award, along with its partners, for its work in developing therapies for children with Sanfilippo Syndrome, a rare genetic disorder.
 
Abeona, founded earlier this year in Cleveland as a spinoff of Columbus-based Nationwide Children’s Hospital, is developing two products that came out of research at Nationwide. ABX-A and ABX-B have the potential to cure Sanfilippo Syndrome.
 
Children with Sanfilippo are missing an essential enzyme for normal cellular function, causing toxins in their brains and bodies to cause severe disabilities. Symptoms often appear in the first year of life, causing progressive muscular and cognitive decline, and the disease is usually fatal by the early teens.
 
Current studies show that a single dose of Abeona’s treatments prompted cells to produce the missing enzymes and help repair the damage.
 
“What’s unique about this drug is that it’s a collaboration between Abeona, the hospital and eight international foundations to find a treatment for Sanfilippo Syndrome,” says Abeona president and CEO Tim Miller.
 
Abeona’s products are a result of 10 years of research done by Nationwide’s Haiyan Fu. Abeona is currently raising money to conduct phase I and II clinical trials in 2014. “One of the things that drew me to this company is the pre-clinical data for these drugs,” says Miller. “The life span is improved. If this transfers over to the kids I’ll be very excited.”
 
While there are no approved treatments for Sanfilippo Syndrome yet, Miller says a number of companies are working on therapies.

 
Source: Tim Miller
Writer: Karin Connelly
 
'this is downtown cleveland' video a viral hit
The latest video in the "Downtown is Moving" series by Downtown Cleveland Alliance is, as they say, blowing up on the web. The artfully directed and produced short film by Cleveland-based Fusion Filmworks already has been viewed approximately 40,000 times in under a week. That's more than previous DCA videos have been viewed in one or two years, given the film.
 
Give it a look-see right below.



planning organization charts new path to more sustainable transportation projects
“We’re shifting because the times are shifting,” says Grace Gallucci of NOACA, adding that the planning agency will shift its focus to multimodal transportation, developing a fix-it-first approach that prioritizes existing infrastructure over new road projects, and basing funding decisions on their regional economic development impact.
cleveland clinic celebrates 50 years of kidney transplants
The Cleveland Clinic marks its 50th year of successful kidney transplants this year. While the Clinic was not the first to successfully transplant a human kidney, the hospital was, and continues to be, a pioneer in the field.

“There were two earlier transplants,” explains Robert Heyka, interim chair of the department of nephrology and hypertension at the Clinic’s Glickman Urological and Kidney Institute. “One was in New Jersey, but it only lasted 10 months. The first successful transplant was in 1954, in Boston, which worked because the transplant occurred with identical twins.”
 
The Cleveland Clinic performed its first successful kidney transplant in 1963, in part due to the development of anti-rejection drugs, and in part because Willem Kolff, a doctor from the Netherlands, came to the Clinic in the 1950s with his dialysis machine.
 
Kolff’s original dialysis machines were made with a washing machine motor, a nose cone borrowed from NASA and peach cans. He perfected his machine at the Clinic. Dialysis made it possible to keep patients alive while they waited for a transplant. “A combination of medications and the Cleveland Clinic having dialysis machines made the program successful,” says Heyka.
 
In 1966, the Cleveland Clinic performed 126 kidney transplants. Additionally, Cleveland was one of the first cities to establish an independent organ procurement program in the late 1960s. The organization now is known as Lifebanc.
 
Today, the Clinic has transplanted more than 4,200 kidneys and is on track to perform 200 transplants this year. The Glickman Urological and Kidney Institute ranked second this year in U.S. News and World Report’s America’s Best Hospitals.
 
“All these things we take for granted now as standard and mass produced,” says Heyka. “When you get into it, it’s more inspiring when you hear about the people who did it first and the challenges they had to face.”

 
Writer: Karin Connelly
Source: Robert Heyka
asiatown neighborhood an example of immigration as job creator
In a Slate post titled “Cleveland Chinese immigration: New people create new jobs,” Matthew Yglesias writes of his experience eating some Chinese food in Cleveland’s “Asiantown” neighborhood -- an area occupied by a growing collection of Asian restaurants and markets.
 
“I had a meal there that probably exceeds any Chinese cooking you can find in DC proper and would count as quite good even by the standards of the more immigrant-heavy suburbs in Rockville or Northern Virginia," the writer boasts.
 
Yglesias goes on to detail how the newcomers create “new jobs” by offering an “authentic experience” that might not otherwise be available. And while opponents to immigration fear “outsiders” might appropriate available jobs, consider the possibility of additional job creation that comes with fixing up buildings and delivering supplies.
 
Check out the full piece here.

music lovers turn their skill, passion into boutique studio
Michael Seifert and Jake Fader have had a lifelong love of music. Seifert grew up in his father’s recording studio on E. 61st Street. “It was all I wanted to do growing up,” Seifert says of hanging out in the studio. “Jake is the opposite," Seifert says. "He had more formal training.” Fader has studied guitar since he was 14 and has performed around the world in various bands.
 
Both have experience in commercial production work on local and national levels. So, as friends and musicians working in Cleveland, Fader and Seifert decided to go into business together. They launched Bite Sized Creative, a full-service creative firm that operates out of Seifert’s 11-year-old recording studio, Ante Up Audio, on E. 38th Street in Tyler Village.
 
“Jake and I have a good dynamic and a lot of respect for each other’s work,” says Seifert.
 
Bite Sized Creative opened in April, and already the startup has landed some impressive gigs. Locally, they've worked on accounts for Wade Oval Wednesdays and St. Vincent Charity Medical Center. Other clients include Target, Samsung and Microsoft.
 
They’ve also worked on soundtracks for movies. They produced more than 40 music cues for the documentary Running America. They produced more than a dozen original music pieces for the re-release of the classic movie The Outsiders.
 
Seifert describes Bite Sized Creative as taking a boutique approach to production work, providing custom music for soundtracks and other audio. “We have a very high quality product, not only locally but regionally, nationally and internationally,” Seifert says.
 
While Seifert and Fader are the only full-time employees at Bite Sized Creative, they do hire freelancers for bigger projects. “We’ve really been able to hire a lot of talent,” says Seifert. “We try to hire locally as much as possible. We both really love Cleveland and there’s a huge talent pool here.”

 
Source: Michael Seifert
Writer: Karin Connelly
recipe for success: food-based startups face unique challenges
Starting a successful food-based business takes more than a great idea and the ability to cook. Like any entrepreneurial venture, food startups require planning, money and a willingness to be flexible. But those who do dive in have found there's plenty of guidance, support and collaboration in the local food startup community.
cle orchestra declared 'world's favorite orchestra' in poll
Bachtrack, the largest online classical review site and concert finder, declared The Cleveland Orchestra as the winner of the "World’s Favourite Orchestra 2013" contest. Following a month of voting, with 11,895 votes for 417 orchestras from 97 countries, Cleveland Orchestra roundly beat the competition.
 
The Cleveland Orchestra took 20.3 percent of the vote, with the next closest orchestra garnering just 12.4 percent of the vote. 46 percent of the votes came from North America and 48 percent came from Europe.

“We want to thank our fans for voting for The Cleveland Orchestra," says Ross Binnie, Chief Marketing Officer of The Cleveland Orchestra. "We have 60,000 social media followers whom we invited to vote, and they clearly were engaged. We are proud to be one of the world’s finest orchestras, thanks to the support of all the communities we serve.”
 
Read the rest of the results here.

cle extends a welcoming hand to immigrants
In a New York Times article titled "Ailing Midwestern Cities Extend a Welcoming Hand to Immigrants," writer Julia Preston highlights cities that have launched programs like Global Cleveland to attract immigrant newcomers and their work skills.
 
"Other struggling cities are trying to restart growth by luring enterprising immigrants, both highly skilled workers and low-wage laborers," she writes. "In the Midwest, similar initiatives have begun in Chicago, Cleveland, Columbus, Indianapolis, St. Louis and Lansing, Mich., as well as Detroit, as it strives to rise out of bankruptcy."
 
"We want to get back to the entrepreneurial spirit that immigrants bring,” said Richard Herman, a Cleveland immigration lawyer who advises cities on ideas for development based on attracting and retaining newcomers.
 
Read the rest here.

latest NEOSA survey reveals tech industry is optimistic about future growth
NEOSA’s latest quarterly survey of 80 to 90 tech companies in Northeast Ohio reveals an industry that continues to be optimistic about future business growth and success in the region. Sixty-nine percent of the respondents reported business performance was good or very good for the second quarter of 2013.

Hiring expectations continued to be strong, with two thirds of the companies reporting that they planned to increase staff in the next year. “We’ve seen really high level of demand for more than two years,” says NEOSA director Brad Nellis. “There is no other two-year period where we’ve seen such high continued demand for talent.” NEOSA has conducted its quarterly survey since 2007.
 
However, the same companies that plan to increase staff also report having challenges in finding the talent they are looking for. Seventy percent reported having some difficulty or a hard time hiring, while only eight percent said they had no problems. The demand for IT talent in Northeast Ohio also is nothing new, says Nellis.
 
“We’re not seeing any let up in that demand,” says Nellis. “The unemployment rate across the country is below four percent.” He said plans are underway for a nationwide push to attract new and returning IT talent to the area. Global Cleveland, for instance, is planning a road show on the coasts to lure potential employees to Cleveland. “They are going to reach out to ex-pats and tell them about the great things going on here,” says Nellis.
 
However, despite the demand for talented employees, Nellis says the problem is not hindering the roughly 2,500 Northeast Ohio tech companies from succeeding in the marketplace. “It’s not a crippling problem,” he says. “They are still able to compete, they are still able to grow and get their products out the door.”

 
Source: Brad Nellis
Writer: Karin Connelly
ny post explores the local scene, lauds city's 'revival'
In a New York Post feature titled “Cleveland is Seeing a Revival,” writer Jennifer Ceasar explores some of Cleveland’s attractions, which increasingly are garnering attention outside of Northeast Ohio.
 
“If you were an Ohioan back in the early ’80s, you might remember 'New York’s the Big Apple, but Cleveland’s a Plum,' an ad campaign to rebrand the failing Rust Belt town. Though it never stuck, today’s Cleveland is earning laurels for its homegrown talent, like Iron Chef Michael Symon, along with farm-to-table eateries, award-winning craft breweries and cool art spaces.”
 
Some of the writer's many stops included Ohio City, home of Flying Fig, Great Lakes Brewing Company and the Transformer Station, Tremont, which houses some of the city’s best eateries, and University Circle, where many of Cleveland’s top cultural attractions reside.
 
Check out the full piece here.

huffpo praises efforts by cle orchestra to attract young audience
In a Huffington Post article titled "In Tune With the Next Generation," Jesse Rosen, president of the League of American Orchestras, praises the Cleveland Orchestra's efforts to be the band with the youngest audience.
 
"The Cleveland Orchestra, best known as one of the world's finest orchestras, with an equally outstanding hall and decades of extraordinary musical leadership, now has a new goal: to be the orchestra with the youngest audience. An audacious goal, but by the looks of the audience in Severance Hall last Friday night at the concert I heard, they are well on their way," he writes.
 
"The performance I heard in Cleveland was one of a three-concert set on their opening weekend. The uncompromising programs included works by Mahler, Beethoven and Schumann. Twenty seven percent of the audience at those three concerts were young people. You read that right, 27 percent. I am one year shy of enjoying senior discounts and I can tell you that concerts, like many things, are more fun with young people around. The vibe in the hall was fantastic."
 
Read the rest of the feature here.
novelmed's macular degeneration therapy ready for clinical trials
NovelMed Therapeutics, a biotech company founded in 2003 that develops treatments for macular degeneration, announced that it has developed an antibody compound that is effective in treating wet age-related macular degeneration (AMD) and possibly the dry form of the disease as well. AMD affects more than two million people in the United States and is a leading cause of blindness among adults.

Two independent pre-clinical investigations showed that NovelMed's lead compound, an alternative pathway inhibitor, prevents wet-AMD. “We believe our technology inhibits the progression of AMD,” says Rekha Bansal, CEO and founder of NovelMed. “The animal data supports treatment for wet AMD. The compound could possibly treat the dry form as well, which accounts for 90 percent of the AMD market.”
 
Bansal says the therapy currently is in the manufacturing phase, with safety studies scheduled to begin next year and human clinical trials to start in late 2014.
 
“I think we are at the forefront in time with the potential to treat both wet and dry AMD,” says Bansal. “It’s the first treatment of its kind.”
 
Bansal is proud that this breakthrough is happening in Northeast Ohio. “This is a drug coming out of Cleveland for vision loss,” she says. “It’s going to be a great thing for Cleveland.”
 
NovelMed currently has four R&D positions open due to its recent growth.

 
Source: Rekha Bansal
Writer: Karin Connelly
beaumont breaks ground on $9.5m STEM building to prepare girls for cutting-edge careers
Beaumont School recently broke ground on a $9.5 million addition that will include a STEM education building, student commons, administrative offices and new school entrance that fronts North Park Boulevard.

The 25,000-square-foot building will house eight science, technology, engineering and math (STEM) classrooms that replace a dated science wing. The expanded labs will allow for more hands-on learning that can be integrated into the entire curriculum.

“An education at Beaumont provides our young women with excellent opportunities for academic achievement, but also inspires them to give back to the community to make a difference in society," says Sister Gretchen Rodenfels, OSU, president of Beaumont School, in a release. “With an improved campus and dynamic STEM presence, Beaumont students will be given a strong foundation to solve the problems affecting society now and in the future.”

With the U.S. falling behind other countries in math and science education, many schools have been renewing their focus on STEM education. Beaumont's new STEM building will help young women advance in cutting-edge careers.


Source: Sister Gretchen Rodenfels
Writer: Lee Chilcote
the cutting edge: three cleveland medical innovations bound for great things
Modern medicine is constantly innovating ways to improve the length and quality of human life. Cleveland researchers are leading the way with cutting-edge treatments and technologies that can blast a brain tumor with a laser, detect a concussion using an iPad, and test for prostate cancer by way of genetics.
one person's trash = another person's treasure: creative reuse centers are on the rise
Creative reuse centers are popping up all across the nation, including Cleveland. These craft-astic places are filled with useful materials that otherwise would end up in a landfill. Adored by artists, teachers and other crafty folks, they also create green jobs, reduce waste and offer affordable supplies for projects.
bad girl ventures readies launch of fall business plan competition
Micro-lending organization Bad Girl Ventures (BGV) wants Cleveland to connect with the next generation of entrepreneurs and small business owners. That hopefully beautiful friendship will begin on Thursday, October 3, when BGV Cleveland hosts its kickoff event introducing the 10 finalists of its fall business plan competition.

The 10 women will present themselves at Battery Park Wine Bar, pitching their ideas to an audience before embarking on BGV's nine-week course to help tweak their fledgling enterprises. The final class will be in mid-November, with the winner of BGV's $25,000 low-interest loan announced during a "graduation ceremony" the following month.

Financing and mentorship are just two of the benefits for program participants, says Reka Barabas, director of BGV Cleveland.

"Networking is a huge motivating factor for them," she says. "These women are not just sitting in a stuffy classroom, but extending their professional network."

This autumn's class represents a wide range of industries and specialty areas. There's a children's party bus, granola bar company, match-making business, and more.

BGV Cleveland offers business education courses and financing twice per year to help women-owned startups launch, manage and market their businesses. In May, custom cake baker Sugar Plum Cake Company earned the business group's $25,000 loan. Two other ventures -- Journey Art Gallery  and The Agrarian Collective  -- each received $5,000 loans from a private giving circle. 

"We're exposing these businesses to as many resources as possible," says Barabas. "There's a huge value in that."

 
SOURCE: Reka Barabas
WRITER: Douglas J. Guth
noaca director touts bikes, multi-modal transportation in annual address
Speaking last week at the annual meeting of the Northeast Ohio Areawide Coordinating Agency (NOACA), the regional transportation planning agency for Northeast Ohio, Executive Director Grace Gallucci promised a more strategic distribution of money for projects and greater emphasis on multi-modal transportation options.

"We want more choices; that's what freedom -- being an American -- is about," she said. "NOACA is not trying to vilify the automobile; we're trying to attract the best and the brightest. Bicycling is increasingly popular, and more communities are integrating bike plans. Americans are driving less for the first time in a generation, and that trend is clearly led by the Millenial generation."

NOACA also has launched a far-reaching plan to assemble information on the condition of every highway, road and street in five counties, and use this information to make objective decisions about transportation spending. "Making decisions in an objective, data-driven way is more important now than ever. If there ever was a time to make decisions make economic sense, the time is now."

Gallucci touted NOACA's new Regional Bicycle Transportation Plan, a $15 million investment in the City of Cleveland's W. 73rd Street Extension Project and the Clifton Boulevard streetscape project among NOACA's recent, big ticket investments.

Peter Rogoff, Federal Transit Administrator, gave the keynote address. He argued that transit-oriented development projects can spark urban revitalization if done right, citing Cleveland's bus-rapid transit along the Euclid Corridor as one example of success.

Cleveland is a "national model for doing" with the Euclid Corridor project, Rogoff stated, because the project cost a lot less than light rail but resulted in big ridership gains and major economic development along the corridor. Other cities are studying how Cleveland did it and replicating our success, he added.


Source: Grace Gallucci, Peter Rogoff
Writer: Lee Chilcote