Check this out

Buyer’s Guide: The Top 50 Most Innovative Products

What Drove Cleveland’s Return to Economic Prominence

The City of Cleveland’s return to cultural, business, and economic prominence stands as one of the brightest municipal stories in a decade full of them. The fact it happened while the City’s longstanding backbone that helped build this nation, manufacturing and industry, suffered from the turn to automation only adds to the impressiveness of the feat.

“We’ve taken a combination of different partnerships and collaborations, worked with our neighborhoods, and turned around our commercial real estate vacancies in some creative ways,” said David Ebersole, Director of Economic Development for the City of Cleveland. “We’ve been attracting large businesses, but we’ve also become a go-to place for entrepreneurs, with a big push in small businesses and incubator set-ups.”

Some might say the Rock & Roll Hall of Fame and LeBron James’ ascension to NBA superstardom – and his return to the city in 2014 – fueled Cleveland’s rise from a hard bottom during the Great Recession. Those two marquee cultural icons certainly helped, but so did a concerted effort between the City, Cuyahoga County, Jobs Ohio, the establishment of a Plug and Play Tech Center locally, smart development of brownfields, and the re-zoning of old factories and empty commercial buildings into mixed-use shops and lofts.

“We had to create an environment where younger people would find career positions and stay in Cleveland, or move here,” Ebersole said. “Through Plug and Play and our big push into small businesses and incubators, we’ve found ways for individuals to get started, to take their ideas and find their own world, their own place to contribute.”

As a native, Ebersole has seen the good and bad in Cleveland. He was educated at Carnegie Mellon, then received his Juris Doctorate from Case Western Reserve, also a major player in the area’s resurgence. He rose through the ranks in Economic Development, becoming the full director in late 2017.

The level of innovative thinking and action behind Cleveland’s decade-long rise stretches across different programs and different sociological layers. So many things have happened that the events almost look random. Incubators start up. Commercial real estate is rezoned. Workforce development expands to draw more older workers, factory workers, into the digital age. Businesses move in; others start on the spot. The Economic Development Department website’s URL – rethinkcleveland.org – says plenty.  So does the slogan: “Built By Industry, Inspired By Innovation.” It presents no less than two dozen active initiatives, ranging from urban agriculture to tech training, startup and incubator support to rebuilding pure 21st century manufacturing capability.

“We’ve grown into a one-stop shop for businesses that want to relocate here or grow further here,” Ebersole said. “We want anybody interested in being successful to benefit from the programs and collaborations we have, because we all grow when a business succeeds.”

When you sew the mosaic together, a picture emerges of a city that hosts world-class medical facilities, is home to eight Fortune 1000 companies while reshaping itself, being supportive to young digital era workers in the “gigeconomy,” retraining and valuing the men and women who lost long-time factory jobs, and more:

• Cleveland’s world-class health tech corridor continues to build off the renowned Cleveland Clinic. Combined with a variety of university hospitals, research centers and clinics, “you’re seeing a lot of innovation coming out of our medical facilities, which is drawing people from around the world,” Ebersole said.

• The City has taken hundreds of thousands of dead commercial real estate buildings and old factories, converted and rezoned them as mixed-use, and turned around a gaping vacancy issue. Through incubators and collaborative groups like Plug and Play, which matches startups with large corporations and clients, many entrepreneurs now occupy the space. “It’s more modern and more open for entrepreneurs,” Ebersole said. “What we’re also able to do is put retail incubator space and small business space in the more impoverished parts of our community, which uplifts them and creates important jobs.”

• Cleveland’s Neighborhood Retail Assistance Program has attracted people young and old, adding diversity and demographic range to formerly declining neighborhoods, thanks to the Industrial-Commercial Land Bank.

Get the Latest News Sent to Your Inbox

(Plus Exclusive Tech Deals and Our Digital Magazine)

 


We will only use your info to send you awesome content and exclusive deals.

 

January 23, 2019
By Robert Yehling

Digital Issue Now Available

Get the latest news in your inbox

* indicates required

 

We hate spam too. You'll get great content and exclusive offers. Nothing more.

Top Posts This Week

Innovation & Tech Today - Social Media

More
articles

Looking for the latest tech news? We have you covered.

Don’t be the office chump. Sign up here for our twice weekly newsletter and outsmart your coworkers.
Share via
Copy link
Powered by Social Snap