Cleveland : Buzz

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.

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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.

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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.

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.

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.

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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.

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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.

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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.

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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.

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 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.

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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.

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.

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.