After spending the summer pitching their businesses to investors in the Cleveland Chain Reaction project, Fox 8's morning show, Kickin’ It With Kenny announced this morning the six winning companies that will set up shop in the Slavic Village neighborhood.

Find out who the winner are here.

Inspired by CNBC's Cleveland Hustles, Cleveland Chain Reaction aims to keep the economic development wave going with up to $1 million invested in five new businesses — all in one neighborhood.

Fresh Water pulled into the funky co-working space on Lee Road and met up with four of the resident businesses to get their stories and hear about what motivates and excites them.

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

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

Read more here.

 

"If you don't try anything, you never know what will happen."
 
Such is the mindset of Lyz Otero, owner of Half Moon Bakery, a soon-to-be-opened seller of traditional Latin pastries and empanadas. Otero took the leap with a little help from the Economic and Community Development Institute (ECDI), an organization that in August announced more than $530,000 in loans to 21 Cleveland-area businesses.
 
Nineteen of those loans were to new minority- or women-owned ventures, with Puerto Rico native Otero receiving $50,000 for equipment and improvements to her 1,200 square-foot space at 3800 Pearl Rd. Otero and husband Gerson Velasquez are using the funding to pay contractors and architects, as well as buy stove hoods and other gear. ECDI also provided the couple with financial management and computer classes.
 
Otero is aiming for an early November launch for a bakery offering a dozen types of empanadas. The new entrepreneur looks forward to stuffing the half-moon shaped pastry turnovers with endless combinations of meat, vegetables and fruit.
 
"It will almost be like a pizzeria, but with empanadas," says Otero. "Everything you put on a pizza can go on an empanada."
 
Vegan and gluten-free empanadas will be on the menu, joining Latin cuisine like rice and tamales. Fresh bread, cupcakes and other delectable confections round out the selection. Otero will create the bakery's pastry products, with her husband serving as chef. During the next month, she expects to hire on two cashiers and an additional cook.
 
While the smaller space will focus on take-out orders, patrons can eat inside on stools along the window. Outdoor seating, meanwhile, is a possibility for warm-weather months.
 
Opening the business has been both exciting and nerve-wracking. Though no stranger to the restaurant industry - past employers include Zack Bruell and Michael Symon - there's nothing for Otero like working for herself. Friend Wendy Thompson, owner of A Cookie and a Cupcake, encouraged her to start a bakery with a unique Latin flair.
 
"We're focusing on gourmet empanadas, which nobody else around here is doing," says Otero. "You never see a place like this where there's so many different kinds of empanadas."
 
Ultimately, Otero wants to leave a delicious, profitable legacy for her three children, ages 4, 6 and 7.
 
"I've always dreamed to do this," she says. "I had to step up and follow my dreams, because nobody was going to do it for me." 

Fresh Water editor Erin O'Brien has extolled the virtues of Sabor Miami's rich, creamy and downright decadent Cafe con Leche (Cuban latte) as "the best cup of coffee she's ever had" both publicly and privately. It seems she's not alone.

The shop at 4848 Broadview Road, which we reported on in back in April, has been named the "Best Coffee Shop in Cleveland," by Cleveland Hot List.

Click here to see the list of venerable cafes Sabor Miami topped, but do so at your own risk - peruse this list and you'll be craving a cappuccino in no time.

Congratulations to proprietor Mariela Paz and kudos to all the nominees.

In just three years, the Cleveland Culinary Launch and Kitchen has produced a wealth of successful food businesses, some of which have outgrown the incubator and moved on to their own locations.

Last week in Cleveland, some 200 Forward Cities attendees from across the nation explored strategies that foster entrepreneurship and social innovation in minority communities.

Handmade sausage returns to Slavic Village, a success story from Guanajuato to Cleveland and the rebirth of the Cleveland Grill's Mediterranean soul round out this plate of local culinary delights.
 

"Creating jobs is our secret ingredient."
 
Such is the slogan of Bloom Bakery, a downtown entity that offers premium pastries and breads as well as opportunities for Clevelanders facing employment barriers. Now the social venture is asking for a little extra "dough" to continue its mission.
 
Last week, Bloom Bakery launched a $25,000 Indiegogo crowdfunding campaign to provide capital for its Campus District location at 1938 Euclid Ave. (The bakery has another shop at 200 Public Square.) Funding will go to hiring additional staff, says Logan Fahey, Bloom Bakery co-founder and general manager.
 
"Our reason for doing (crowdfunding) was to get the community involved," says Fahey. "We rely on the consumer to find us and appreciate the mission."
 
Supporters can pre-purchase coffee, lunch, corporate catering, and exclusive baking lessons before the campaign ends June 10. Bloom Bakery is a benefit corporation - essentially a hybrid of a standard corporation and a nonprofit - owned by Towards Employment, a Cleveland nonprofit that offers job training and placement as well as removal of employment barriers for people previously involved in the criminal justice system.
 
All revenue from Bloom Bakery goes to Towards Employment's job readiness programs. Meanwhile, the bakery educates, trains and employs low-income and disadvantaged adults for work as bakers, baristas and other positions. Entry-level jobs pay $8 to $10 hourly, with opportunities available for upward mobility within the company.
 
"Our sole purpose is to give a second chance to individuals who otherwise wouldn't get one," Fahey says. "These jobs can be resume builders or allow people to move onto supervisory positions here."
 
Bloom Bakery currently has 15 staff members, ranging in age from their 20s to early 60s. New employees are vetted through Towards Employment programming, then undergo another month of training at the bakery.
 
As of this writing, the social venture's crowdfunding effort has reached 10 percent of its goal. Fahey and his fellow staff members will spend the next couple of weeks pushing the campaign via social media and word-of-mouth. The ultimate goal is to become the state's best bakery while continuing to operate as a "business with a heart."
 
"There's a large segment of the population in need of an opportunity," says Fahey. "If we become the best bakery, then we can create as many jobs as we want."