Regional Economy

katie holmes in cleveland garnering media buzz
In a RadioTimes item called "Katie Holmes shoots new movie in Cleveland," the media outlet writes that the actress has had a busy summer shooting multiple films.
 
"Katie Holmes has snuck into Cleveland to film low budget Hollywood indie movie Tootaloo. The Dawson’s Creek star has had a busy summer, filming Paul Dalio's Mania Days in New York, with co-star Luke Kirby, about two depressed lovers, who meet in a psychiatric hospital."
 
The Tootaloo crew has been spotted in and around University Circle, including at Judson Manor and at United Methodist Church.
 
Read all about it here.

25k grant up for grabs at enterprise innovation awards
Enterprise Community Partners is hosting its second annual Leadership in Community Innovation Awards, providing the winner with a $25,000 unrestricted grant for non-profit organizations that are creating community development solutions in Cleveland.
 
Last year’s winner was the Ohio City Market District, which attracted 30 new businesses to the neighborhood through its grant program, creating 300 jobs.
 
This year, Enterprise is introducing the Nurture an Idea Award, which recognizes a group with an innovative idea. The winner will receive $10,000 and a team of advisors that will help bring the idea to fruition.
 
“The Nurture an Idea Award is about the future,” says Kathy Matthews, an Enterprise program director. “It’s an award for an idea that hasn’t been implemented yet and needs the wind at its back to move it forward.”
 
In addition to the $10,000 awarded to the winner, a few finalists will be selected to participate in a Crowdrise fundraising campaign. Ohio Savings Bank will award $10,000 to the organization that raises the most money.
 
The application deadline is September 6.

 
Sources: Kathy Matthews
Writer: Karin Connelly
biomotiv announces $46m in capital raised in effort to speed medicines to market
BioMotiv, a pharmaceutical accelerator formed last year to speed early-stage medical developments to market, announced last week that the company has now raised $46 million in total capital, adding Nationwide Mutual Insurance and several individual investors to original investors University Hospitals and the Harrington Family Foundation.

Additionally, BioMotiv announced Monday that the company has formed a multi-million dollar, seven-year partnership with San Diego-based Torrey Pines Investment, a specialty life sciences investor. “We have now raised $46 million in total funding,” says BioMotiv CEO Baiju Shah. “This further investment partnership will expand capital available for projects by up to $20 million through co-investment by Torrey Pines.”
 
Shah says BioMotiv has just started to identify projects of interest and started development work on those projects. The partnership with Torrey Pines expands the scope of BioMotiv’s work. “We’re pleased with the prospective partnership,” says Shah. “It’s been in the works for about nine months now. In the partnership we will jointly invest in projects -- one in the cancer area and two projects in neuroscience.”
 
Shah says BioMotiv is also working on developments in several other fronts, including anti-inflammatory and blindness. “Our mission is to accelerate breakthrough discoveries in medications that actually benefit patients,” says Shah. “These are medications that are in the early stages of clinical validation -- phase one or two patient studies. Once we prove it works in patients, then we’re in a place to partner with agencies to get it to market.”
 
Cleveland is the hot spot for companies like BioMotiv, Shah says, making it attractive to companies like Torrey Pines. “Cleveland is an incredible medical innovation environment,” he says. “We are on the global radar for medical innovations, so it’s easy for us to find partners. In many ways, healthcare is our defining industry as a community.”
 
BioMotiv currently has eight employees, but Shah says they will be adding staff as the company continues to grow.

 
Source: Baiju Shah
Writer: Karin Connelly
usa today writer praises noodlecat
In a USA Today feature titled “Great American Bites: Top-notch Asian flavors sourced from Ohio,” writer Larry Olmsted praises Cleveland chef Jonathon Sawyer and the two-year-old Noodlecat, inspired by Tokyo and New York noodle houses.
 
Olmsted opens discussing the unique atmosphere and its popularity in the community, but like all food writers, focuses much of his attention on the important aspects: the food.
 
"A former downtown pizzeria has been turned into one of Cleveland's hippest casual eateries. Two-year-old Noodlecat, inspired by Tokyo and New York noodle houses, is the work of beloved Cleveland chef Jonathan Sawyer, renowned for his focus on local and sustainable ingredients, food sourcing and extensive in-house, from-scratch preparation."
 
“While there are a handful of dinner entrees, the bulk of the menu is small plates and noodle dishes, each of which is available as a large full portion ($11) or a half order ($6). This makes Noodlecat great for grazing or tapas-style dining, though the entrees are quite good as well.”
 
Check out the full travel piece here.

lakewood's ideation challenge will award access to key resources
Lakewood is looking for a few entrepreneurs to join its business community through its third annual Ideation Challenge. Anyone with a business idea is welcome to submit a business plan for consideration. “We make it really simple,” says Mike Belsito, director of Ideation for Startup Lakewood and co-founder of e-Funeral. “All it takes is a simple two- to three-page summary. And if people qualify we invite them to give a quick elevator pitch.”

Applicants have until Friday to submit their summaries. Four finalists will be chosen to give a two-minute elevator pitch in front of an audience and a panel of judges at a Startup U event on August 27. Two winners will be announced at the September Startup U event.
 
The theme of this year’s challenge is “access,” as in access to resources often out of reach to new entrepreneurs. The winners of the challenge will receive a lunch meeting with Lakewood mayor and entrepreneur Michael Summers; a half hour meeting with investor Christopher Celeste; an elevator pitch session with Belsito, SociaGram co-founder Ryan O’Donnell and DecisionDesk co-founder John Knific; a scholarship to a nine-week Bad Girl Ventures course; and other useful tools to get their businesses started.
 
All applicants are invited to ask for feedback on their business plans. While only one of the winners must be a Lakewood resident, the hope is that both winning businesses will set up shop in the city. “We hope that some of these businesses get started in Lakewood, but it’s all about helping people,” says Belsito. “The goal of the competition is to help people take the next step with their ideas for new products or businesses.”

 
Source: Mike Belsito
Writer: Karin Connelly
right school right now launches bold campaign to inform families about school choice
There are now dozens of high-performing charter and public schools in the City of Cleveland. Yet a culture of school choice still is not the norm in many Cleveland neighborhoods, and as many as 60 percent of city families have not yet chosen a school to attend.

With the deadline looming on August 19th, those families that do not proactively choose a school will be enrolled in their neighborhood school, which may or may not be the best option depending on how the school is ranked on State of Ohio report cards.

Perhaps most startling is the fact that many high-performing schools in the city have empty seats waiting to be filled even as kids are enrolled in failing schools.

That's why the Transformation Alliance has launched an unprecedented campaign to "promote one common goal of driving enrollment to high-performing schools," says Megan O'Bryan, a nonprofit veteran who is its new Executive Director.

"The ultimate goal of the Transformation Alliance is to ensure that every child in Cleveland attends an excellent school and every neighborhood has a portfolio of high-quality school choices," says O'Bryan. "Our goal is to fill empty seats in the high-performing schools, and over time, drive demand to these good choices. In the marketplace, that demand will then naturally drive out low-performers."

Parents can learn more about school ratings at the Right School Right Now site. The group has completed three different mailers to 25,000 households promoting school choice options. Fliers have been passed out through local community groups. Families can also call 211 to learn more about school ratings.

"The goal is to get parents to look at the info and say, 'My child's school is in Academic Watch, but two miles away there's a school rated Excellent. Why?'"

Although the Transformation Alliance and this campaign are so new that they do not yet have formal goals, O'Bryan says the aim is a "cultural shift" that will take time. "I took this job because it’s an opportunity to create that cultural shift. It's very important for every single resident and the region that this shift occurs. It's a matter of equality and social justice. It's about economic success for our region."


Source: Megan O'Bryan
Writer: Lee Chilcote
gay games wants $50m economic impact shared by small businesses
When the Gay Games come to Northeast Ohio next August, 30,000 athletes and spectators are expected to descend upon Cleveland, visiting the city’s attractions, staying in area hotels, eating in restaurants and using other services.
 
Organizers are making sure small businesses know the impact the games could have on them, as well as how they can get their names out there. A local staff of 10 organizers has hosted two events targeted at small business sponsorship. A third event will be held Tuesday, August 27 at Stonetown Restaurant at 5:30 p.m.
 
"Gay Games 9 will have a $50 million economic impact on the region,” says Mary Zaller, director of development for the Gay Games. “I want as many small businesses as possible to get a piece of that pie.”
 
Small business sponsorships range from $500 to $14,000, making it affordable for companies of almost any size to get involved. “For just $500, a small business can be a sponsor of the Gay Games and get our logo on their website and their logo on our website, program and social media,” notes Zaller. “It gives small businesses the power to put themselves out there and show their support of the LGBT community and of equality and equal rights.”
 
Seventy-five percent of the events planned will take place in downtown Cleveland, with the remaining being held in Akron. “You don’t have to be gay, you don’t have to be good, you just have to be 18 to participate,” says Zaller. “We’re all about inclusion, participation and your personal best.”
 
Cleveland is the smallest city to ever host the Gay Games, which started in 1980 and takes place every four years. Previous host cities include San Francisco, New York, Chicago, Sydney, Amsterdam and Vancouver.

 
Source: Mary Zaller
Writer: Karin Connelly
software entrepreneur has his eye on the sky with plans for lakefront skylift
If Jon Stahl of LeanDog fulfills his ambitious dream -- as he so often does -- Cleveland could see a string of elevated skylifts along the lake shore. With a planned 11-stop system, the tramway would move passengers between places like the Municipal Lot, Burke Lakefront Airport, the Convention Center, Wendy Park, Edgewater Park, and both banks of the Flats.
creative placemaking reframes how residents and visitors experience neighborhoods
Recent grants awarded to the Collinwood and St. Clair Superior neighborhoods are allowing them to proceed with arts- and culture-based projects each hopes will revitalize their communities and boost their economies. The efforts are part of a larger national movement known as creative placemaking.
west side market defying trend of waning markets
In a Salon article titled “Fight the farmers market backlash!” Henry Grabar outlines the fate of traditional central markets, which sadly are becoming a dying breed.
 
Long the heart, soul and larder for every great city on the planet, central marketplaces are vanishing from modern life.
 
"As wholesale markets were reimagined, a parallel shift occurred in retail food delivery, as one-stop-shops replaced butchers and bakers, and supermarkets absorbed the customer base of traditional markets. Now, online shopping in turn is eroding the support of brick-and-mortar groceries. Urbanites have fewer encounters with the food supply today than at any point in history.
 
Bucking that trend is the West Side Market.
 
“That’s not to say that permanent, public markets are a thing of the past. Those that have survived, like Cleveland’s West Side Market, have ridden the current wave of popularity through financial difficulties.”
 
Read the complete article here.

new compass biomed will speed delivery of stem cells to needy patients
Arteriorcyte, a developer of stem cell products and medical devices, has launched Compass Biomedical to speed up the delivery to patients three Arteriocyte stem cells products. Created in December 2012, Compass officially got underway in June.
 
“The purpose of Compass is to help solve the issues in getting stem cells to patients,” says Kolby Day, Compass Biomedical vice president and general manager of research and development. “The challenges are having enough stem cells and improving the tools used.”
 
Compass supplies three product lines used to grow stem cells for research and in clinical settings. The products mimic bone marrow and promote the growth of stem cell cultures. “Arteriocyte is more the research and development company, while Compass is more of the team that sells, markets and gets those products into the hands of people who can use them,” says Day.

Compass has hired four people since December. As Arteriocyte develops new products, Day expects Compass will in turn expand its team. “We want to continue to build the sales team and continue finding products to sell,” he says. “We anticipate bringing in at least two to three products in the next six months, and we will be hiring based on demand.”

 
Source: Kolby Day
Writer: Karin Connelly
atlantic tells story of maron family and east fourth
In a recent The Atlantic piece titled “If You Build It, They Will Come: How Cleveland Lured Young Professionals Downtown,” writer Sophie Quinton tells the story of how the Maron family transformed a vision into the East Fourth Street Clevelanders know and love today.
 
"When the Maron family decided to redevelop an entire city block in downtown Cleveland, the area was so blighted no restaurateur would lease space there. A decade later, the East Fourth neighborhood is home to Food Network personalities, a House of Blues, and free Saturday yoga classes. Café-style seating spills into the pedestrian-only street. Apartments on the block are fully leased, and a 100-unit building under construction across the street has already reached full capacity."
 
The article discusses at length the history of the Maron family and the work it took to get the project off paper and onto the street. All the hard work has paid off as East Fourth Street has become a major attraction, with quality restaurants, store fronts, activities, and downtown living that is luring young professionals who want to live and work in the middle of all the action.
 
Enjoy the full piece here.

study shows small startups have huge economic impact on the region
An annual study conducted by CSU’s Center for Economic Development at the Levin College of Urban Affairs shows that start-up companies in Northeast Ohio contribute significantly to the economy. The study surveyed tech-based companies that received assistance, either financially or in services, through JumpStart or the North Coast Angel Fund.
 
The 127 companies who participated in the study generated $211 million in economic benefits in Northeast Ohio in 2012, $270 million state-wide. These companies helped create and retain 1,100 in-state direct jobs, with a total Ohio employment impact of 2,140. The companies and their suppliers also increased total Ohio household earnings by $125 million and contributed nearly $12 million in state and local tax impact.
 
As the early-stage companies grow, their impact increases, according to the study. Among those surveyed, 44 companies participated over three years -- from 2010 to 2012, showing 53 percent job growth and a 36 percent increase in economic impact over those three years.
 
“These numbers quantify the impact small companies made,” says Cathy Belk, JumpStart COO. “Small companies make a big difference.  It’s exciting to see the impact the companies we see every day are having. We see how hard these companies are working.”
 
With all of the organizations in Cleveland that support start-ups, in addition to support from Ohio Third Frontier, which provides funding to organizations like JumpStart, the region is ideal for new businesses.

“We continue to believe that Northeast Ohio is the best place in the country to have a small business or a new business,” says Belk. “We have such a robust ecosystem for startups and small business.”

 
Source: Cathy Belk
Writer: Karin Connelly
welcome weekend draws a dozen artists ready to sign leases, move here
Welcome to Cleveland, an artists' visitation weekend hosted by Northeast Shores CDC and the Community Partnership for Arts and Culture, drew about a dozen artists to Cleveland, many of whom have signed leases and are expected to move here.

"The weekend exceeded our expectations by far," says Brian Friedman, Executive Director of Northeast Shores. "We didn't know they'd be so ready to go."

The artists were impressed not only by Cleveland's affordability but also by the accessibility of the rich arts scene here, Friedman says. "For them it was really the connectedness -- there's a much stronger ability for artists to network and connect here than in many of the communities where they're from."

The artists came from Brooklyn, Boston and Atlanta, among other locations. They were responsible for getting to Cleveland, but the nonprofit partners put them up in a hotel and covered most of their costs once they got here. The group spent the weekend on a whirlwind tour of North Collinwood, Slavic Village, St. Clair Superior, Ohio City, Tremont and Detroit Shoreway. Activities included a visit to the Cleveland Museum of Art and brunch at the Beachland Ballroom.

Northeast Shores and CPAC marketed to 12,000 artists nationally for the Artist-in-Residence program. Friedman says that since launching the effort a few years ago, he's seen 83 artists move to Cleveland, open a business, or do a project here.

Some of the artists who responded to the visitation weekend weren't sure if it was real. "They weren't sure if we would try to sell them a timeshare," says Friedman. "We told them, 'Really, just come. We want you to come be creative in Cleveland.'"

Once the artists move here, the nonprofit partners will help connect them to arts organizations and community efforts in their new neighborhoods. "We'll make sure that they get connected to the fabric of what's going on," says Friedman. "We anticipate that's the beginning of developing deeper roots in Cleveland."


Source: Brian Friedman
Writer: Lee Chilcote
bruell's new burger shack dynomite debuts in star plaza at playhousesquare
Zack Bruell used to watch PlayhouseSquare office workers sit outside at Star Plaza and eat sandwiches in the park. He thought, They could be my customers. Now, thanks to Dynomite, a new fast-casual burger shack in the Star Plaza kiosk, many of them are.

During its first week, Dynomite frequently had lines 30-people deep and ran out of hamburger buns by 3 p.m. (don't worry, they ordered more). Bruell hopes this is an omen.

"I was basically opening it so that we could bring more people to the area," says the restaurateur, who owns five other venues in Cleveland (Parallax, Chinato, Table 45, Cowell and Hubbard, L'Albatros). "I wanted to see more street traffic. This is one of the great neighborhoods in the city, and it's in transition."

You can think of Dynomite as a kind of Zack Bruell burger clearinghouse. Modeled after the legendary Shake Shack in New York City, the venue offers four kinds of burgers that are also available at Parallax, L'Albatros, Chinato and Cowell and Hubbard. Each is different and unique. Additionally, Dynomite offers a killer chicken sandwich, regular burger, vegan burger, hot dog and chili dog.

Sides include fries, chili fries, chili, pickles and soft serve ice cream. The most expensive things on the entire menu are the signature burgers, which are priced at $8.

"We're just doing basic food, but we're doing it right," says Bruell. "We're using the same products that we're working with in all of our restaurants."

Dynomite will soon have a full liquor license. Bruell expects the revamped Star Plaza -- which is nearly complete and includes additional outdoor seating, a fire pit and concert stage -- to look and function like a downtown beer garden.

The venue is the latest addition to PlayhouseSquare, which has in recent years been evolving into a dining destination and vibrant 24-7 neighborhood.


Source: Zack Bruell
Writer: Lee Chilcote
young companies and startups aid both local and state economies
In a Techli story titled “Greater Cleveland Startups Improve Ohio With Jobs, Tax Dollars and Impact,” writer Annie Zaleski explores how important startups and young companies are to the success of a region’s economy.
 
In a study from Cleveland State University, a report found that 127 young companies generated $270 million in economic benefits for Ohio in 2012 alone.
 
“The companies in the report -- a group comprised of businesses that successfully leveraged things such as business assistance or seed capital -- helped create and retain 1,100 in-state direct jobs (with a total Ohio employment impact of 2,140). In the last three years, these very young companies are already contributing significantly -- more than $688 million -- to Ohio’s economy.”
 
The story goes on to discuss that the figures only represent a small portion of development in the region and do not encompass all of Northeast Ohio. Taking that into account, the importance of startups and young companies on the economy becomes even more significant.
 
Enjoy the full piece here.
weekend escape plan for cleveland
In its regularly occurring travel feature "The Five-Point Weekend Escape Plan," New York magazine highlighted a contemporary arts-focused trip to Cleveland. Titled "See Cutting-Edge Contemporary Art in Cleveland," the article touches on where to stay, where to eat, what to do and other insider tips.
 
"This Rust Belt city is transforming into a thriving art hub thanks to two stunning new museum openings and a growing number of galleries," the article states.
 
Featured within is the Cleveland Hostel: "which feels more like a hipster haven than a grungy dorm."
 
Ginko: "Be wowed by extra-large cuts of exotic sushi."
 
The Transformer Station: "The original brickwork and chains contrast with a new addition made of dark-gray polished concrete, providing an industrial-chic setting for shows."
 
Steve's Lunch, "a 24-hour greasy spoon opened in 1953."
 
Explore the rest of the itinerary here.

npr takes close look at cleveland's image
In an NPR story titled “Making Sense Of Cleveland’s Good And Bad News,” Nick Castele writes of the national attention Cleveland has gotten due to its recent high-profile crimes.
 
Castele shares Colette Jones of Positively Cleveland’s thoughts on our fair city as she states, "I think most people have outdated perceptions of Cleveland. Most people don't really know much about the city. I think the things they see typically relate back to what they see on television, whether it has to do with our sports teams or something else like that."
 
While some feel a changed image will be the entire fix Cleveland needs to become a booming town again, others are not so optimistic.  Focus still needs to be placed on poverty, vacancy, and dwindling populations.
 
Check out the full feature here.
university circle development praised in ny times
In a New York Times travel story titled “Culture Blooms in Cleveland,” Ceil Miller Bouchet writes of Cleveland’s University Circle neighborhood and how it is experiencing a “cultural renaissance” of sorts. 
 
“More art-centric expansion is to come, with the Cleveland Institute of Art breaking ground last month on the 80,000-square-foot George Gund Building, which will house the Cinematheque art-house film theater as well as galleries and classrooms.”
 
Bouchet goes on to explain it is not just large-scale expansion that is causing this revival but also a thriving business district and refurbished galleries mixed in with city icons such as the Cleveland Clinic, the Cleveland Museum of Art, the Botanical Garden, and Severance Hall.
 
Check out the full tribute to the neighborhood here.

got to get down to hingetown: introducing ohio city's next hot block
Over the next few months, a handful of next-gen businesses will begin to open in the Striebinger Block, a prominent building at the intersection of Detroit and W. 29th. Billed as the Hingetown development, the project will act as the hinge between existing Cleveland assets like Ohio City, Gordon Square, and downtown.