"Bioscience is one of the driving forces in Cleveland," said Baiju Shah, president and CEO of BioEnterprise. In case you need hard numbers to back up that claim, Shah noted that more than 600 healthcare related companies exist in the region.

Shah served as moderator for the 4th Annual Summit on Leadership, which was presented on March 10 by the Cleveland Business Leaders Committee of the Union Club.

What does Cleveland have that innovators in biomedicine and healthcare seek? According to Hiroyuki Fujita, founder, president and CEO of Quality Electrodynamics (QED), it's the established presence of top-notch healthcare, research and educational institutions. "Cleveland is known throughout the world in the healthcare industry," he said. "With major players like Cleveland Clinic, University Hospitals and Case Western Reserve University, it's a one-stop shop."

Backed by this level of support, entrepreneurs, inventors and researchers feel confident developing technologies and creating start-ups in Cleveland. "The surgeons at the Clinic take time to work with medical companies," said Patrick McBrayer, president and CEO of AxioMed Spine Corporation. "I have never seen a more nurturing group."

Gil Van Bokkelen, chairman and CEO of Athersys, Inc., agreed. "Cleveland is a good place to establish a company and get things started. There's a lot more energy here than I anticipated."

And there's potential for much greater growth in the next 10 to 15 years, according to Geoffrey Thorpe, founder of NDI Medical. "People are leaving California for the first time, which means there's an opportunity for the Midwest to be competitive."


Sources: Baiju Shah, Hiroyuki Fujita, Patrick McBrayer, Gil Van Bokkelen
Writer: Diane DiPiero

Two Cleveland organizations aimed at drawing area teens toward an interest in employment and business have joined forces. E CITY Cleveland (which stands for Entrepreneurship: Connecting, Inspiring and Teaching Youth) and Y.O.U. (Youth Opportunities Unlimited) united earlier this year to pool their resources and heighten their outreach.

E CITY's entrepreneurial programs were completed by more than 300 teens last year.  Y.O.U.'s offerings, which include mentoring and job placement, made a difference for more than 4,600 teens in Cuyahoga County, many of whom were considered at-risk or in danger of not completing their high school studies.

The offerings of each organization are unique so that, when combined, they provide a full package of opportunities for young adults ages 14 to 19 to pursue their interests and develop life skills.

Y.O.U. and E CITY will focus on integrating volunteers and sharpening their combined offerings. Another goal of the merger is to develop additional programs for children in the City of Cleveland and elsewhere in the region.


SOURCE: Y.O.U.
WRITER: Diane DiPiero

Greater Clevelanders are fortunate to live near an abundant source of fresh water. Lake Erie and the Great Lakes contain one-fifth of the world's fresh water supply. Many places in the world are not so lucky -- in fact, more people die each year from contaminated water than from all forms of violence and war combined.

This month, a group of environmental artists are taking over a vacant space at Tower City Center to create an art display on the importance of water. The exhibit, which will be displayed during the Cleveland International Film Festival (CIFF), from March 24 to April 3, is being organized as part of World Water Day events for Sustainable Cleveland 2019, an effort to create a green economy in Cleveland by 2019.

The sculpture, which will be crafted from decorated two-liter bottles, will educate Clevelanders about the importance of water conservation, and will also raise funds for a water well that will serve an elementary school in rural Uganda. The school, St. Charles Elementary School, is a sister school to Carl and Louis Stokes Central Academy, a K-8 public school in Cleveland.

For the project, 150 students at Stokes Academy will carry their own two-liter bottle of water with them on a bus from their school to Tower City on World Water Day, which takes place Tuesday, March 22nd. It's a gesture of solidarity with their pen pals in Uganda, who each fill their own bottles and carry them to school on a daily basis. The artists will also travel to the school to educate students on the importance of water.

Lead artist Nicole McGee and other project leaders will also work with Stokes students to help them decorate the two-liter bottles to represent the meaning of water in their lives.


Source: Nicole McGee
Writer: Lee Chilcote

Homeowners were taking out equity loans with alarming abandon just a few years ago, yet now many are reluctant to invest money in their homes. "With housing values falling, demand for home repair loans has also fallen," says Larry Slenczka, Vice President of Community Development for Dollar Bank.

Yet Dollar Bank continues to finance home rehabs through a partnership with Cleveland Action to Support Housing (CASH), a nonprofit whose mission is to revitalize Cleveland neighborhoods through home repair lending.

"CASH has been successful in identifying projects driven by investors," says Slenczka. "Their transactions tend to be very solid loans that have a very low default rate." CASH offers investors and owner-occupants a reduced interest rate. Currently, that interest rate is 2.6%.

Even as the average homeowner sits on the sidelines, some rehabbers are jumping in and finding deals. And the glut of vacant properties in Cleveland has presented an opportunity for savvy investors; while foreclosure rates nationwide reached their lowest level in four years last month, Cleveland still has a backlog of empty homes.

Yet while it seems anyone with a credit card can snap up a cheap foreclosure -- plumbing optional, of course -- that's just the beginning of the process. Getting a loan is no simple feat. Struggling with unsold inventories, many banks are cautious about lending to investors, while others aren't lending at all.

That's where CASH comes in. The nonprofit's partnerships with Dollar Bank and other lenders help owners get financing. In addition to offering a reduced rate, CASH helps owners to pick a contractor, develop a list of repairs, and inspect the work.

"Everybody wins," says Slenczka. "The neighborhood benefits from reinvestment, the benefits from private investment, and the bank benefits from a healthy market return."


Source: Larry Slenczka
Writer: Lee Chilcote

When you grab a quick cat nap during the day, you run the risk of either sleeping too little so that you're yawning in front of your co-workers or sleeping so much that you snooze right through your 2 p.m. sales meeting.

Local inventor Jonathan Husni wants you to get the ideal 20 minutes of quality sleep so you can be your productive self. Husni's Power-Nap Machine is a pocket-sized media player that produces inaudible sound waves that induce REM sleep -- the short, deep rest that accounts for about 90 to 120 minutes of a good night's sleep. While the sound waves work their magic, the user hears only a pleasant waterfall. At the end of it, the Power-Nap brings "the user to a refreshed state of heightened wakefulness," Husni says.

The nap machine is part of the Power Nap group of sleep products that includes CDs filled with computer-generated sound waveforms. Power Nap line of products was created by Acendex, a Beachwood-based network technology firm. Husni is president and founder of Acendex.


SOURCE: Jonathan Husni
WRITER: Diane DiPiero

Last October, Cleveland's ViewRay unveiled a research radiation therapy system to the medical device community. Now comes word that the Food and Drug Administration (FDA) has granted ViewRay clearance for its radiotherapy treatment planning and delivery software, a key element of the radiation therapy system.

This is a critical step toward FDA approval of the system, according to Gregory M. Ayers, M.D. and Ph.D., president and CEO of ViewRay. "It's exciting to see such progress with a product we believe will offer an advancement in radiation therapy," he says.

Combining MRI and radiotherapy delivery, the system provides a continuous MRI during radiation treatment. This helps doctors to see exactly where the radiation is going and to deliver precise treatment.

A recent $20 million Series C financing will help ViewRay in the final stages of development for commercial distribution. For now, the ViewRay system is only used in non-human settings.

A team of physicians and researchers leads the privately held medical device company. ViewRay is currently in growth mode and building its staff in quality assurance, software engineering, clinical science and sales.


SOURCE: Gregory M. Ayers
WRITER: Diane DiPiero

Malik Moore is excited about the $2 billion worth of development that is planned or underway in the Flats and adjacent neighborhoods. At the same time, however, as the area is redeveloped as a hub for entertainment, housing, offices, industry and recreation, he wants to ensure that residents' voices are being heard.

"As this neighborhood grows, we want the residents to grow with it," said Moore, Executive Director of the Downtown Cleveland YMCA, at last week's forum on mapping out the future of the Flats. Over 350 people attended the event.

The YMCA has formed a partnership with the Cleveland Metropolitan Housing Authority (CMHA). Starting in March, the nonprofit will offer several new initiatives to residents of Lakeview Terrace, a public housing project in the Flats, including the REACH program, an effort to address health disparities among low-income and minority groups. A college readiness program will also be offered to Cleveland Municipal School District students.

"Lakeview Terrace is located in the shadow of Ohio City, an area that has seen redevelopment," said Moore in a recent interview. "As we look at ways to redevelop the Flats, we need to build bridges between communities."

Moore says that the Y's programs will help to lessen the physical and social isolation experienced by Lakeview Terrace residents. "Through broadening the social network these youth have available to them, we can reduce the likelihood of high-risk behaviors," he said.

Although the proliferation of new condos and townhouses in the Flats make clear that demand for housing exists here, more than one speaker cited the area's crumbling infrastructure and lack of neighborhood amenities as quality of life barriers.

While competing interests between industry, entertainment, recreation and housing have long stymied the Flats' redevelopment, speakers at the forum challenged the audience to work together to revitalize one of Cleveland's oldest neighborhoods.


Source: Malik Moore
Writer: Lee Chilcote

It all started with pencils.

Faber-Castell was founded 250 years ago in Germany as a pencil manufacturer. Today, the company produces professional art supplies sold around the world. Cleveland is home to Faber-Castell USA, which in 1999 acquired Creativity for Kids, a Cleveland company that makes  activity kits for children.

In spite of an onslaught of electronic gadgets and high-tech toys, Faber-Castell USA and Creativity for Kids have remained lucrative and kept an 80-person staff. "We have had two record-setting years in 2009 and 2010," says Jamie Gallagher, CEO of Faber-Castell USA.

How does the company stay sharp? "We have a nice portfolio of product lines that enable us to be diversified during challenging times," Gallagher says.

Creativity for Kids helps Faber-Castell build brand awareness in the United States, according to Gallagher. Often, this is accomplished by combining products from the two lines into a single kit. For example, Creativity for Kids' Do Art Drawing Power, which teaches children sketching and drawing techniques, includes Faber-Castell Color Grip EcoPencils.

Gallagher says the goal of Faber-Castell USA is to deliver "opportunities for creativity and self-expression while highlighting the importance of quality. Despite difficult times, we haven't compromised that or tried to reinvent our brands."

That doesn't mean Faber-Castell USA isn't interested in growing. The company recently launched a line to expand interest in papercrafting for adults. "The product line, Design Memory Craft, features products that make designing with color simple to do," Gallagher says.


SOURCE: Jamie Gallagher
WRITER: Diane DiPiero

As the saying goes, "you've got to spend money to make money." With a new $35 million award in tax credits from the U.S. Department of Treasury, Cleveland Development Advisors (CDA) plans to spur economic development in the city by financing projects that lead to more business opportunities.

CDA, an affiliate of the Greater Cleveland Partnership, was one of six entities in Ohio to be awarded this latest round of federal tax credits. CDA plans to use the award to focus on economic development in the areas of technology, business and industrial expansion and retail, residential and hospitality projects.

In a statement released by CDA, Mayor Frank Jackson called the federal tax credits another sign that Cleveland's economy is growing. "Tax credit financing, afforded by the allocation, together with local bank commitments and city investments, will make high-profile job-producing developments feasible in our neighborhoods and downtown," Mayor Jackson said.

Past awards from the Treasury Department resulted in the financing of 20 projects that, according to CDA, generated 2,800 jobs, 390,000 square feet of office space, and 450,000 square feet of industrial space in Cleveland. The East 4th Street neighborhood, Capitol Theatre in the Detroit Shoreway neighborhood, Arbor Park Plaza in the Central Neighborhood and the UpTown project in University Circle all have benefited from CDA's investment in federal tax credits.


SOURCE: CDA
WRITER: Diane DiPiero

When Jim Catanese opened Catanese Classic Seafood three years ago, he knew the building at 1600 Merwin Avenue in the Flats needed major TLC. Yet the metal bulkheading along the Cuyahoga River was in far worse shape than he thought. And the worst part was near his freezer, where thousands of pounds of fish are stored.

"It was collapsing into the river," Catanase told an audience at last week's forum on the Flats, which was convened by Ward 3 Councilman Joe Cimperman and attended by area stakeholders. "This was more than we could handle individually."

Fortunately, with the help of Cimperman and the city of Cleveland, Catanese was able to obtain low-interest financing to repair the bulkheads. He hopes that the project, which will start this summer, will also bring back an historic use of the riverside property. "We'll be able to offload fishing boats again," he said.

The Cuyahoga shipping channel is lined on each side with these bulkheads, a 100-year-old, man-made containment system that keeps the soil from the riverbank from eroding into the river while also keeping the river within its banks during times of flooding.

Unfortunately, many of these bulkheads are now deteriorating, and they are expensive to repair. Catanese expects to borrow hundreds of thousands of dollars, a price that many owners can't afford, he says. Maintenance of the bulkheads is necessary to ensure the channel remains navigable for shipping. Activity along the waterfront is a $1.8 billion economic engine for Northeast Ohio.

At the forum, Catanese voiced a common concern in the Flats: the need for improved infrastructure. Currently, more than $2 billion worth of development is planned or underway in areas adjacent to the river. Forum speakers said that much of the Flats' infrastructure, including roads and bridges, is in need of an overhaul.

One of the area's biggest infrastructure projects will require major federal assistance. Franklin Road Hill above Irishtown Bend is threatening to collapse into the Cuyahoga River, and stabilizing it will cost between $80 and $200 million.

For years, the Flats' redevelopment has languished amidst conflicts between competing interests. While the area has evolved into a mixed-use neighborhood of industry, recreation, housing and entertainment, neighbors haven't always been friendly.

The planning effort that is now underway, which is funded by a $20,000 grant from the Cleveland and Gund Foundations and includes major stakeholders, has the potential to link major projects, balance conflicting interests and attract additional support.


Source: Jim Catanese
Writer: Lee Chilcote

When Mayor Jackson promoted Andrew Watterson from sustainability programs manager to Chief of Sustainability, a cabinet-level position, he illustrated in very certain terms his commitment to sustainability. Watterson will have his work cut out for him. Recently, the City kicked off Sustainable Cleveland 2019, an ambitious 10-year initiative to leverage sustainability as an engine for economic growth while distinguishing Cleveland as a "Green City on a Blue Lake."

The Cleveland Conserves Campaign is an effort by the City of Cleveland and local environmental groups to cut waste, save money and boost the local economy. Calling 2011 "The Year of Energy Efficiency," these groups are promoting energy conservation efforts to individuals and businesses.

The Cleveland Indians are among the local businesses championing the initiative. The Tribe has had a comprehensive recycling program since Jacobs Field opened in 1994. The Indians were the first major league team to install solar power at their stadium, a project completed in 2007. They have also installed LED lighting throughout the park.

This year, the Tribe is expanding its composting efforts at Progressive Field. The Indians began composting the waste from concession stands, restaurants and the clubhouse at the end of the 2010 season. In 2011, they will begin composting from the main seating areas.

"Cleaning crews will do three walk-throughs -- for organics, plastics and trash," explains Brad Mohr, Assistant Director of Ballpark Operations for the Cleveland Indians. "It's cheaper to compost than it is to send organic materials to a landfill."

In 2010, the team composted 2.5 tons of food waste from concession stands, restaurants and the club house in only six games. Cornstarch-based beer and soda cups, cutlery, and hot-serve cups are used throughout the ball park, in the front office and in the press box.

The team's marketing message -- Our Tribe is Green ... Are you in the Tribe? -- encourages fans to participate in green activities, including recycling. "We look at ourselves as a business and community leader," says Mohr.

So far, the Indians are pleased with the investment they've made in conservation measures. The team recycled over 153 tons of materials in 2009, reducing trash pickup by over 60 percent, from 254 trash pickups in 2007 to 97 pickups in 2009.

Conservation measures not only protect the environment, they also protect a business' bottom line. The Indians invested $30,000 in balers to make cardboard or plastic into giant cubes. Selling the cubes along with money savings from reduced trash hauls paid off the initial investment within four months.


Source: Brad Mohr
Writer: Lee Chilcote

Slow and steady may win the race, but a quick oil-change company is winning kudos for its sustainability practices. Cleveland-based Lube Stop has been recognized nationally for its formal sustainability program and its re-refined oil change service, EcoGuard. The latest recognition comes from the Institute for Sustainable Development's Green Plus awards, which named Lube Stop a Medium-Size Business of the Year recipient.

This award recognizes a company's ability to affect triple-bottom-line sustainability practices. Lube Stop's sustainability efforts revolve around a five-step process: strategy development, ongoing waste reduction, sustainable operations, individual initiatives and public awareness.

Lube Stop has 37 stores in Northeast Ohio and more than 240 employees. The company adopted its sustainability program in 2007


SOURCE: Lube Stop
WRITER: Diane DiPiero