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Business booms at Port of Cleveland

Business is booming at the Port of Cleveland, which saw cargo from international ships jump 77 percent in July.

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Goldman Sachs' 10,000 Small Businesses program accepting applications

The entrepreneurs taking advantage of this free business management education program develop the practical skills they need to grow their companies. Classes to be held at the Cuyahoga Community College.

For complete information, including eligibility requirements, application details and class schedules, click here.

Forty-seven students get full University of Akron scholarships

Forty-seven Akron Public School graduates will receive the University of Akron’s (UA) first Innovation Generation Scholarships this fall. UA is awarding the full-tuition scholarships to high-achieving Akron students in exchange for the district’s oldest high school building.

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Oil and gas industry turns attention to Upper Devonian shale formation

A mix of organic-rich shale and sandstone rock above the Marcellus formation, first tapped for natural gas in the early 1800s, is once again gaining the attention of exploration and production companies operating in both Ohio and Pennsylvania.

Get the whole drill here.

Collaborative efforts fuel northeast Ohio growth for second quarter 2013

Regional economic development efforts across Northeast Ohio continued to spur growth for the region’s economy in the second quarter of 2013 by attracting five organizations into the region – including Daisy Brand LLC and GE Oil and Gas, Inc. – and facilitating the expansion and/or retention of eight others, reports the Q2 2013 Regional Economic Development Report released by Team NEO.

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CLE-based Parker announces first solid oxide fuel cell system installation

Silently and efficiently running on propane, the Parker Combined Heat and Power (CHP) Fuel Cell System provides power independence and optional heating and hot water for customers in the recreational vehicle and marine markets. The system, which was co-developed with New York based Watt Fuel Cell Corp., is being installed on a 36-foot sailboat.
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Bizdom Cleveland to host Google Glass presentation

On Thursday, Aug. 15 at 6 p.m., Bizdom Cleveland will host a presentation on Google Glass and the past, present, and future of wearable computing by Mel McGee, wearable computing pioneer.

Get all the details here.

City of Columbus to offer free training for small businesses

Columbus has begun offering free classes to small-business owners and their employees as part of an effort to help bolster work-force development in the city. Columbus City Council earmarked $10,000 for the pilot program this spring.

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Governorís plan will invest $3b in Ohioís transportation system

Governor John R. Kasich on Monday unveiled a robust plan for improving Ohio’s transportation system with a $3 billion investment in infrastructure over the next several years. Kasich’s Jobs and Transportation plan will allow the state to eliminate decades long delays on some 41 new construction projects now slated to begin construction as soon as next year in some cases.

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Springboro manufacturer launches new tablet

An Ohio manufacturer looks to drive a revolution in the health care television market.

Springboro-based PDI Communication Systems Inc., which has about 110 employees, started production in the last week of a tablet-like Android-based bedside television for that industry. Also known as the PDI-TAB, it is being billed as the only 14” bedside healthcare-grade HD television of its kind on the market.

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Ohio firms reel in $94m in venture capital for 2013's second quarter

Venture capital investing in Ohio was up in the second quarter, even as numbers dipped nationally, according to a new report.

Nationally, $6.7 billion went to 913 deals. That’s down from $7.3 billion and 970 deals in the same quarter a year ago, according to the PwC/NVCA MoneyTree Report, which is based on data from Thomson Reuters. In Ohio, 20 deals accounted for $94 million of investment, up from 17 deals and $52 million a year earlier.

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Trumbull County approves tax abatement to welcome company's $2.5m expansion

Trumbull County Commissioners have approved a 75 percent tax abatement requested by a Hubbard company planning to expand. VEC/Evets Electrical Inc. wants to invest $2.5 million to expand it's facility on Erie Street in Hubbard.

Get the whole story here.

Dublin-based InfoMotion Sports closes $3.5m funding round

As if launching a new product line and re-trademarking the phrase “The ball don’t lie!” weren’t enough, InfoMotion Sports Technologies Inc. has closed a $3.5 Series A investment round, all from individuals.

Round out the whole story here.

New CLE hedge fund aims to bet big on small biz

Cavalier Capital LLC, a new hedge fund in Cleveland has attracted more than 40 investors and is investing in the stock of small companies, a strategy it will keep even as it grows, says founder and Willoughby native Ben Mackovak.

Read more here.

Beachwood-based TOA Technologies raises $66m in major funding round

The leading mobile workforce management software provider closes a major round of funding with California-based Technology Crossover Ventures to reshape the industry by enabling businesses to streamline operations, empower mobile employees and redefine the customer experience.

Get the whole story here.

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