Buzz

PNC official succeeds Timken as Team NEO chairman

Akron Beacon Journal Thursday, July 11, 2013

Paul Clark, regional president for PNC Bank in Cleveland, is taking over for Timken Co. chairman Ward J. “Tim” Timken Jr. as chair of area economic development group Team NEO.

Get the whole story here.

Hackman Capital acquires 28 properties, 2.5 million sq. ft. in COL, CLE and CIN

PRWeb Thursday, June 27, 2013

Privately held real estate investment firms Hackman Capital Partners, LLC, of Los Angeles announced today the successful acquisition of a 28-building industrial real estate portfolio totaling 2,593,602 square feet. The transaction closed for the multi-tenant Ohio buildings on Friday, June 14.

Read the whole story here.

ODSA accepting applications for IMAGE grant

Ohio Development Service Agency Thursday, June 27, 2013

The Ohio International Market Access Grant for Exporters (IMAGE) program is now accepting applications. All activities must be pre-approved in advance and executed no later than September 30, 2013.

IMAGE is a 50 percent reimbursement program designed to offset the costs associated with certain exporting initiatives. IMAGE is funded by the State of Ohio and the United States Small Business Administration as part of the National Export Initiative to double U.S. exports by 2015. The purpose of IMAGE is to increase exports and create jobs in Ohio by helping small businesses expand into new international markets.

Click here for more information.

Ohio Aerospace Institute to host Capital Forum in Cleveland

Ohio Aerospace Institute Thursday, June 27, 2013

The Ohio Aerospace Institute will host the Aerospace Capital Forum On July 9 in Cleveland.

The forum will address why aerospace investments are important to industry growth. Panel discussions will focus on aerospace capital for large businesses and growth capital investments for entrepreneurs and small companies.

Complete information is available here.

Lorain's Trademark Global utilizes former Ford plant, builds products, ships products, seeks workers

The Morning Journal Thursday, June 20, 2013

A business in Lorain has grown into a national leader supporting online sales of other companies. Trademark Global, in the former Lorain Ford plant at Baumhart Road and West Erie Avenue, is a multi-faceted business growing into its latest home -- 300,000 square feet of warehouse space at the former automotive plant.

Get the full story here.

LEEDCo's Icebreaker wind energy project could power some homes in Avon Lake

The Morning Journal Thursday, June 20, 2013

Avon Lake residents may soon be able to harvest a portion of their home’s energy from the offshore winds of Lake Erie.

The Lake Erie Energy Development Corporation (LEEDCo), a regional economic development corporation started in 2009, was granted $4 million from the Department of Energy and an additional $1 million from private partners in December to spur an offshore freshwater wind pilot project that called for the manufacturing of five to nine wind turbines placed in Lake Erie, seven miles off the coast of Cleveland.

Get the whole story here.

Entrepreneurial boom expected in Ohio as a result of health care reform, study finds

Dayton Daily News Thursday, June 13, 2013

Ohio could add as many as 67,000 new entrepreneurs as a result of the federal government subsidies made available to aspiring business owners through the Affordable Care Act, according to a new report from the Urban Institute.

Get the whole story here.

Ohio to showcase aerospace products and services at Paris Air Show

Kallman Worldwide Thursday, June 13, 2013

Ohio will be represented in the 50th International Paris Air Show from June 17 to 23 by a delegation of aerospace manufacturers, universities, and aerospace advocacy organizations, as organized by The Ohio Aerospace & Aviation Council and JobsOhio. The State of Ohio’s booth will showcase the products and services of Precision Alloy Services, The Ohio State University, Renegade Materials, Maverick Corporation, SIFCO Industries, Inc., Tesla NanoCoatings Inc. and The University of Akron.

Read all about the 2013 Paris Show here.

Avon�s Jenne Distributors Inc. looks to expand with 24 jobs

The Morning Journal Thursday, June 13, 2013

According to Avon Mayor Jim Smith, Jenne officials are looking to double the size of their 65,000 square-foot facility. The $5 million expansion is expected to create 24 full-time positions at the company. The hiring of 24 employees will add $1,920,000 to the company’s payroll over the next three years.

Jenne Distributors, headquartered in Avon, is a leading wholesale distributor of business telephony, data, audio and video conferencing, and security technology products.

Read the whole story here.

TechPint: A mini-tech conference for Cleveland. In a bar. With pints.

JumpStart Inc. Thursday, June 13, 2013

On Thursday, June 20, the first TechPint event will be held in Cleveland at the Market Garden Brewery. This new event series will then be held every three months in drinking establishments across the city. TechPint will feature speakers that will shake things up for you and give you a chance to see how fellow innovators are progressing with new ventures. Pints will be flowing freely, and undoubtedly new ideas and connections, too. Cost: $12.

Get all the detail and registration info here.

JumpStart and others boost Brecksville-based MOVABLE to $1.9 million

Crain's Cleveland Business Thursday, June 06, 2013

Brecksville-based MOVABLE has raised $775,000 that it will use to ramp up sales and improve its products--colorful plastic wristbands designed to help people track how physically active they are, and software they use to access that data.

MOVABLE received $250,000 of that total from JumpStart Inc. The rest came from about a dozen individual investors. The company has raised $1.9 million since it was founded in 2011.

Read the whole story here.

FlashStarts partners with Oberlin College

FlashStarts Thursday, June 06, 2013

FlashStarts partners Charles Stack and Jennifer Neundorfer will work with Oberlin College’s existing entrepreneur program throughout the year to provide guidance and mentoring to students. At the end of the program, one team will be selected for the Oberlin Entrepreneurship Fellowship at the FlashStarts Accelerator.

Read the whole story here.

Cleveland-based Biotech CEO profiled in Industry Week

Industry Week Thursday, June 06, 2013

For Dr. Hiro Fujita, CEO of QED, all of the elements of success lined up. But it wasn't fate that enabled the Cleveland-based manufacturer of advanced coils and electronics for magnetic resonance imaging (MRI) machines to become so successful that in 2010 he was invited to meet with President Obama.

Read Fujita's entire profile for Industry Week here.

BioOhio to host three summer socials

BioOhio Thursday, May 23, 2013

It's time again for BioOhio to host a few parties around the state, bringing Ohio's bioscience players together for networking, talking shop, and putting faces to names.

Dates include June 12, 18 and 26.

Register and get more information here.

National Urban League seeks to address black jobless rate, chooses Cleveland to launch effort

The Plain Dealer Thursday, May 23, 2013

Despite a slow descent in unemployment, the rate for African Americans remains the highest of any group, both in Ohio and nationally.

The National Urban League has picked Cleveland to launch a $100 million, five-year effort to address the situation.

Read the full story here.

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