The Fund for Our Economic Future has awarded $5.3 million in grants to six regional economic development organizations collaborating to improve Northeast Ohio's economic competiveness. The Fund has been awarding these year-long grants since 2004.
"Part of what we do through grant making is develop a system in Northeast Ohio that we know hits on things that work," says Brad Whitehead, president of the Fund. "The purpose is to advance the economic agenda in Northeast Ohio."
The Fund for Our Economic Future is a collaboration of more than 100 foundations, organizations and philanthropists from across Northeast Ohio that strengthens the region's economic competitiveness through grant making, public engagement and research.
The grant recipients are: BioEnterprise, JumpStart, MAGNET, Minority Business Accelerator 2.5+, NorTech, and Team NEO. "Collectively, these six organizations have strengthened Northeast Ohio's economy contributing more than 2,000 new jobs, $47 million in payroll and attracting $371 million in capital," explains David Abbott, chairman of the Fund and executive director of the George Gund Foundation.
These six organizations best represent and support industries that have great growth potential -- namely manufacturing in emerging markets.
"Early on we identified the areas in which we need to work on, and we've tried to have constancy in these organizations," says Whitehead. "For a long time people thought that because we're a manufacturing economy that that was a bad thing. What we're learning is Northeast Ohio manufacturing is still an important part of our economy. We're turning old growth manufacturing into new growth products. Manufacturing is cool again."
New Life Community and Interfaith Hospitality Network of Greater Cleveland (IHN) have come together to form Family Promise of Greater Cleveland, the largest organization in Greater Cleveland focused exclusively on helping homeless families transform their lives and achieve long-term stability while helping families remain together.
The two organizations officially merged on May 1. For the past two years, the organizations have worked to integrate staff, resources and programming to serve more families with even better outcomes at a lower cost per household served. Since 1990, New Life Community has helped more than 700 families. IHN has served more than 450 families since its shelter program was formed in 1998.
Family Promise will serve more than 100 families a year. "The goal is to definitely help families become self-sufficient and find new housing as rapidly as possible, and then maintain their housing long-term," says associate director Sarah Cruise. "By merging we've been able to combine our programming and serve more families long-term."
Two facilities -- an emergency shelter in Tremont for up to six days and interim housing in Mount Pleasant for up to six months -- a job preparedness program and case management services will give families all the resources to get back on their feet. "We're developing a relationship," says Cruise. "We can access services in the community and help with crises, the spiraling down that happens.
The home-based case management aspect of Family Promise is helping to serve more families quickly. "There is such demand for family housing," says Cruise. "By moving families faster, and individualizing the services, we're really serving families in a way that promotes long-term stability."