Huntington Bank has lived up to its $4 billion commitment to small business and was honored October 24 by the Small Business Administration as the Grand Slam winner for SBA lending in the Cleveland district for fiscal year 2012. The bank led in every SBA lending category: number of loans; loan volume; minority lending; and 504 lending. Huntington also earned the Grand Slam title in 2011 and the Triple Play title in 2010. Huntington is the third largest SBA lender in the country.
 
“We’re committed to Cleveland as a company,” says Huntington’s Greater Cleveland president Dan Walsh. “We’re pleased with the results, not just for Huntington, but for Cleveland. There’s a great renaissance going on here and we believe we can lead the country in investments.”
 
Melt Bar and Grilled is just one growing small business that has benefitted from Huntington’s commitment. Melt owner Matt Fish was self-funded through his first three restaurants, but looked to banks when he decided to expand even more.
 
“We were looking for a financial institution we could partner with long term,” says Fish. “Huntington really stepped up. I was looking for a bank to perform for us, and the SBA was looking for a strong company. It was a win-win situation.” Fish opens his fourth restaurant  this week in Mentor.
 
Walsh sees Melt as the ideal client to grow the economy in Northeast Ohio. “They are the lifeblood for jobs creation and economic growth for our community,” he says. “They have a sustainability model that helps grow and sustain business, which is good for our business.”

 
Sources: Dan Walsh, Matt Fish
Writer: Karin Connelly

Developing Cleveland area businesses will show off their ideas, technologies and talents at the 2012 Northeast Ohio Entrepreneurial Expo and JumpStart Community Meeting on Tuesday, November 13 from 1 to 5:40 p.m. at CSU’s Wolstein Center.
 
“The theme is, ‘What’s next Northeast Ohio,’” says Samantha Fryberger, JumpStart director of communications. “The idea being, a lot of companies are really early in their development.”
 
The expo will feature 96 area tech startups as well as 32 support organizations, such as Bizdom, Youngstown Business Incubator, Shaker LaunchHouse, Akron ARCHAngels and Ohio Aerospace Institute. Nine student companies will also be featured, one of which will be presented with an award at the event’s close.
 
The showcase will be followed by a panel discussion featuring success stories of area companies that have grown into multi-million dollar businesses. “We’ll have some of the biggest success stories who have merged, sold, been bought out or exited,” explains Fryberger.
 
Goldman Sachs will talk about its 10,000 Small Businesses program, followed by an announcement of JumpStart’s newest portfolio companies.
 
And of course, investors will also be on hand to see what the next great thing is in the region. Fryberger says 25 investors attended the event last year, and she expects the same this year.
 
“It’s a little bit of everything,” says Fryberger. “It’s an opportunity to network. There are some of these companies who could help each other quite a bit. And if you’re very early in development, this is your first opportunity for exposure.”
 
The event is free and open to the public.

 
Source: Samantha Fryberger
Writer: Karin Connelly

The Cleveland-based developer The Foran Group has announced plans to convert a pair of historic buildings on W. 25th Street in Ohio City into 70 market-rate apartments. The game-changing project, in the works for several years, is the first big new housing project to get off the ground here since the Great Recession.

Positioned between the success of Ohio City's Market District and the popular Stonebridge apartment, office and condo complex, the new West 25th Street Lofts will bring fresh life and vibrancy to a critical dead zone in the heart of Ohio City.

"There is huge demand; we estimate that occupancy will be 93 to 97 percent," says Rick Foran of The Foran Group, who has partnered with developer Christopher Smythe to complete the project. "We're closing the gap between the established Ohio City area, Stonebridge and the Warehouse District."

The project, located at the corner of West 25th and Church, incorporates both the historic Baehr Brewing Company building and the former Cuyahoga Metropolitan Housing Authority on Church. It will include first floor garage parking, an interior courtyard that offers outdoor space, and 9,000 square feet of commercial space.

The Baehr Brewing Company, a two-story brick building that dates back to the 1870s -- and once housed horse stables, a powerhouse and a saloon -- will be completely restored on the exterior to federal historic standards.

Inside the buildings, existing historic features will be reincorporated into the apartments. For instance, the former CMHA building features a wood ceiling and iron girders, and these elements will soon become design accents in the suites.

Getting to this point wasn't easy. The project has complex, layer-cake financing from the Department of Housing and Urban Development (HUD), state and federal historic tax credits, and Cleveland's Vacant Property Initiative.

Foran expects to close on his HUD financing early next year, start construction immediately afterwards, and begin moving renters into suites by May 2014.

Foran hopes the project will prove catalytic for the neighborhood. Over the long term, a major new park is being planned on the hillside that slopes down to the Cuyahoga River from W. 25th -- an amenity for residents and the entire city.



Source: Rick Foran
Writer: Lee Chilcote

Doug Katz, chef-owner of Fire Food and Drink at Shaker Square, has partnered with Bon Appetit Management Company to open Provenance, a new restaurant and cafe at the Cleveland Museum of Art that blends locally sourced food with world cuisine.

"The name is so perfect for what I'm trying to create here," says Katz. The word provenance refers to the history of the ownership of an object. "We want to know where our food comes from just as the museum knows the lineage of its art, where it comes from and its authenticity."

Katz, whom museum head David Franklin calls CMA's "curator of food," says that Provenance actually is two venues in one. The 200-seat cafe offers quick service, while the 76-seat restaurant next door is a fine-dining establishment. Yet both offer made-to-order items carefully orchestrated by the celebrated chef.

The restaurant offers a limited menu of seven items emphasizing world cuisine. For instance, in tandem with CMA's exhibition "Wari: Lord of the Ancient Andes," Katz has designed a three-course prix fixe menu of Peruvian dishes. The cafe features world cuisine as well, but with a decidedly local flair. Right now, for example, visitors can order a Moroccan skewer platter with autumn vegetables. The chef makes a concerted effort to source much of his produce from area farmers.

The pastries are made from scratch by Luna Bakery, and Rising Star provides the coffee. "We're able to do all these things fresh, yet also support local businesses."

When asked about the source of his inspiration, Katz says, "We want it to be the quality of the Museum of Modern Art in New York City, or of some European cafe somewhere. Yet I don't think there's a concept like this anywhere, to be honest."

The cafe's sleekly designed interior is attractive, but likely the best seats are at the tables near the museum's vast new atrium. "It's like a town center in University Circle. To see it come alive, it's such a great community spot."


Source: Doug Katz
Writer: Lee Chilcote

Team Wendy, a designer and manufacturer of multiple-application products that serve to protect against serious and potentially life-threatening impact-related injuries, is returning to where it began with the release of a new and complete helmet solution, the EXFIL. 

The company developed and manufactured its line of W Helmets for the skiing, biking and multi-sport markets from 1998 to 2004 before moving away from complete helmet solutions and into helmet liner protection systems for the U.S. military. The company has supplied the U.S. military with more than five million Zorbium Action Pad (ZAP) protection systems since 2005. 
  
Team Wendy’s new helmet uses technology partially developed through collaboration on a key U.S. Army Natick Soldier RD&E Center program. The helmet features a hybrid sling/polymer structure impact management system that stands up to multiple impacts.

“With the EXFIL, we are not only excited about a return to complete helmet solutions but we are also pleased with our ongoing advancements in liner protection technology,” says CEO Jose Rizo-Patron.
 
While Team Wendy continues to produce the seven-pad ZAP sets for standard issue military helmets, they are also now assembling the new EXFIL helmet at its 50,000-square-foot Collinwood facility. “We really make it a concerted effort to stay local,” says Rizo-Patron. “Cleveland and greater Northeast Ohio’s strong manufacturing and engineering roots allow us to maintain a hiring pool that is largely local.  The majority of our vendors are also companies based in Ohio.”
 
Team Wendy consistently employs between 50 and 75 people in pre-assembly, final assembly and fabrication jobs. The company also works with local and state universities and design institutes to recruit new talent.


Source: Jose Rizo-Patron
Writer: Karin Connelly

Taco Tonto’s, a popular eatery in downtown Kent that has garnered a near cult following over three decades, is expanding to Lakewood with a second location in the home of the former Bela Dubby on Madison.

The restaurant, which offers a simple menu of tasty burritos and tacos handmade from fresh ingredients, opened a few weeks ago. The cozy space has been remade with bright colors, a vintage bar and a new wall dividing the kitchen from the cafe. There's also a handpainted mural featuring such fantastic delights as a half-man, half-bird drinking a margarita and a half-woman, half-goldfish holding tacos.

Taco Tonto’s offers an extensive selection of craft beers as well as meat and vegetarian burritos and tacos, burrito bowls, taco salads, pizzaritos, chips and salsa and guacamole. Menu items are reasonably priced from $5 to $10.

Lakewood owners John and Jill Crino had run Bela Dubby for the past nine years. The couple met at Kent State University and John has dreamed of opening a Taco Tonto’s ever since he graduated. When Bela Dubby had run its course, they contacted Taco Tonto's owners Kevin and Emily Yohn and made a deal.

"When the opportunity to open Taco Tonto's came up, we had no questions about whether it was a good idea," says co-owner Jill Crino, who is now a full partner in the entire business along with her husband John. "Taco Tonto's has a following."

"We don't even have a freezer for anything other than ice," Crino adds of the cafe's scratch cooking. "We cook in small batches so everything is always fresh."

Taco Tonto’s is located at 13321 Madison. It is open from 11 a.m. to 10 p.m. Monday through Thursday, until 1 a.m. on Fridays and Saturdays, and closed on Sundays.


Source: Jill Crino
Writer: Lee Chilcote

Tara Seibel, a Cleveland artist who worked as Harvey Pekar's illustrator before his death in 2010, has opened a gallery and studio in a pied-a-terre above Presti's Bakery on Mayfield Road in Little Italy.

"It's a boutique gallery," says Seibel of the second-floor studio that she leased several years ago when working for Pekar, but gave up after his death. This time, she plans to keep it. "You get to see beautiful architecture out the window, and there's a balcony. It's like a Paris apartment."

The Tara Seibel Art Gallery features "fine art at reasonable prices," including the artist's own illustrations, comic art, paintings, jewelry, scarves and greeting cards. She also markets artwork by other Northeast Ohio artists such as Cathryn Kapp (pencil drawings), Nicole Mawby (glass beadwork) and Mark Nafziger (pottery).

"I'm one of these insane Cleveland people who has moved away twice and come back," she says. "I want to build Cleveland and pioneer the art scene here. I feel really great about promoting other Cleveland artists and helping people that way."

Seibel also plans to offer workshops such as "Crafts and Laughs" that tap into the avante garde crafting scene in Cleveland. Her current art show, "Back to Earth," takes its inspiration from regional nature scenes and runs until December 1.

Regarding the Little Italy location, Seibel cites more than 50 other galleries and arts businesses in the area, along with great restaurants. "It's always bustling."

The Tara Seibel Art Gallery is located at 12107 Mayfield Road, Suite 202.


Source: Tara Siebel
Writer: Lee Chilcote

Friends and colleagues Juan Vergara and Edward Padilla have opened Helvetica Juice Bar and Café in Lakewood, which offers authentic Latin American juices and cuisine with a Latin twist. The team hopes the space will become a gathering place for Cleveland’s graphic designers and creative class.

The café, which is named after a popular font used by designers, is located at 11823 Detroit Avenue across from Virginia Marti College of Art and Design.

“We’ve run out of food twice already,” says Vergara, who also co-owns Barroco Grill, a popular Columbian restaurant on Madison Avenue in Lakewood, with his father Carlos. “We got a huge turnout when we first opened. Now we know better!”

The café’s signature juices are made from pulp imported from Latin America. Other items include a plantain sandwich with beef and a vegan zucchini salad.

“What I did was take every juice from my childhood, very popular drinks in South America, that are different and people haven’t heard of up here,” says Vergara. “I put them all on the menu. We make them from ice, pulp, water and sugar. We also use agave syrup and soy milk. We make them so they’re almost like smoothies.”

Vergara and Padilla are both artists and graphic designers, so they designed the place as a hangout for creative types. “There’s really no place in Cleveland that’s designated for graphic designers,” says Vergara, who offers a library of graphic design books in the café and showcases successful local businesses on the walls.

Of the location near the Cleveland border, Vergara says, “The eastern end of Lakewood needs some love right now. With downtown becoming redeveloped, it is working its way out from the inside. So I thought, what better way to start?”


Source: Juan Vergara
Writer: Lee Chilcote

Cleveland’s growing urban farming scene has gained national recognition as a creative response to the problems of foreclosure and vacancy. Now the challenge for these homegrown entrepreneurs is to develop business strategies that help turn their startups into year-round businesses.

In this video, Chris Coburn, Executive Director of Cleveland Clinic Innovations, explains how the organization takes the intellectual assets of the Cleveland Clinic -- be they medical devices, diagnostics, or drugs -- and turns them into commercial products. With names like Cleveland Heart, Explorys, and Juventas Therapeutics, its track record is impressive.

Let's imagine that the Northeast Ohio healthcare innovation community is a football team. That would make business recruiter BioEnterprise the quarterback, "handing off" startup companies to Austen BioInnovation Institute in Akron, with an aim of scoring funding and resources a company needs to succeed. 
 
Strained metaphors aside, BioEnterprise and Austen are two local groups working as a team to push a regional economic transition from staid manufacturing to the more vibrant realm of healthcare and innovation technology. What exactly do these groups do and how do they do it? How do they work together to achieve their goals? Key members from each organization share their connected strategies.
 
Providing a guiding hand
 
BioEnterprise is a Cleveland nonprofit tasked with growing healthcare companies and commercializing bioscience technologies. The early-stage firms BioEnterprise assists are seeking to produce medical devices and biotechnology, or developing drugs for commercial use.
 
The economic development group was founded in 2002 by the Cleveland Clinic, University Hospitals and Case Western Reserve University as a way to harness area strengths in medical devices and healthcare technology. The nonprofit's foray into a potentially lucrative "innovation economy" is built by guiding new companies, not funding them, says interim president Aram Nerpouni.
 
Read the rest here...

Whether it is health care, information technology, clean tech or business and consumer products, our region’s increased level of startup activity is attracting funding from venture capital firms both here in Northeast Ohio and beyond. But experts say there's a ways to go before the Silicon Valley comparisons stick.

Freelance designers Eric Bockmuller and Dan Klammer noticed that family and friends were coming to them for help when they wanted to create announcements, invitations and other such items and needed a creative mind.

“We thought, why can’t people publish their own content without going through us,” recalled Bockmuller. “We saw a need for something that was more than 140 characters, but not a blog.”
 
That thought sparked the idea for Tackk, an online design tool where users can instantly create and share their own content. The online editor provides fonts, color palettes and backgrounds to design the perfect announcement with no design skill needed.
 
"It’s a super simple format to create and share your content instantly,” says Bockmuller. “They’re simple designs, but they always look beautiful.” Users don’t have to sign in or create an account to use the site.
 
Tackk launched in early September. “It’s been great,” says Bockmuller. “We’re taking all the data and learning from it.”
 
Bockmuller has two goals for his new product: “First, Tackk becomes the next verb on the web,” he says. “And we build a great company here in Cleveland. It’s not every day you see something like this happening in Cleveland.”
 
In addition to Bockmuller and Klammer, there are four other people on the Tackk team: CEO Christopher Celeste, CTO and developer Ryan Niemann, COO Robert Hatta and developer Ryan Pastorelle. Tackk plans on hiring additional staff as they get off the ground.

 
Source: Eric Bockmuller
Writer: Karin Connelly

Bizdom, the nonprofit accelerator created by Cleveland Cavaliers owner Dan Gilbert, recently moved to new, 7,000-square-foot offices in downtown Cleveland to better assist the growing portfolio of startup technology companies in its program.

Bizdom graduated its first class of entrepreneurs in January and has made 13 investments in Cleveland businesses so far. The new office space is designed to provide useable space for entrepreneurs, as well as those who mentor them.

"The goal was to be downtown and near the Quicken Loans family of companies," says Paul Allen of Bizdom. "We have room for approximately 20 businesses and two conference room areas. They can have desk space, network access, printers and meeting breakout rooms. There is also space to play darts, music or foosball."

Bizdom's mission is to "help startup businesses go further faster by helping them at their earliest stages," says Allen. Entrepreneurs accepted into the three-month accelerator program receive a $25,000 investment in exchange for giving up an eight percent equity stake in their company. They also receive free training and mentorship throughout the program. After they graduate, they may receive additional support such as follow-on funding or subsidized office space.

Bizdom is a nonprofit organization, and if a company is sold at a later date (something that has already happened twice at its Detroit office), the proceeds from Bizdom's equity stake will go towards helping other entrepreneurs.

Bizdom's new offices are located at 250 West Huron Road, Suite 203.


Source: Paul Allen
Writer: Lee Chilcote

When it comes to his new takeout restaurant Crust, chef Jeff Fisher is ambivalent about just one thing: calling it a pizza place. With its homemade gnocci, unique sub sandwiches, killer salads and made-from scratch pizzas, it's so much more than that, he says.

Crust, located at 1020 Kenilworth across from Visible Voice Books, aims to capitalize on Tremont's foodie reputation with takeout worthy of its fine dining and bar scene. The pickup counter alone stimulates your tastebuds: With no separation between the kitchen and ordering area, patrons can watch as their foods are being made.

"You're up on stage with us from the minute you walk in the door, watching us work on the orders," says Fisher. "There's a little bit of showmanship going on."

Fisher launched Crust with owner Mike Griffin, who also boasts about the recipes. "It took us three months and four hundred pounds of flour to get the right dough recipe," he says. "Even though it's takeout, everything is from scratch."

Many of the ingredients are sourced locally from the Tremont Farmers Market. Patrons can order pizza by the pie or slice. The big 15-inchers are a nod to the famous New York slice: So large they hang out of the box.

"People have been getting a pizza, taking it across the street to Visible Voice, and having a glass of wine," says Griffin, who originally found the location when his cousin, Visible Voice owner Dave Ferrante, contacted him.

As for how business has been since opening? "So far, so good," notes Griffin.


Source: Jeff Fisher, Mike Griffin
Writer: Lee Chilcote

When Case's think[box] is completed, it will be one of largest university-based invention centers in the world, bigger even than Stanford's d. school, MIT's Fab Lab, or Rice's Design Kitchen. It’s a venture that has the potential to play a major role in spurring innovation in the region, say local educators and entrepreneurs.

A Cleveland company that has its roots downtown but moved to the suburbs 12 years ago has relocated its headquarters back to the place where it all started.

Ohio Business Machines, a company that offers the latest Sharp office technology to customers in Northern Ohio and Southeast Michigan, recently signed a lease on 8,000 square feet at 1111 Superior.

OBM was located in downtown Cleveland for 25 years before it moved out of the city. With billions in new development either planned or underway and renewed vibrancy downtown, the company's executives believed that the time was right.

The company has 42 employees and plans to grow its sales department. OBM, which also has an office in Toledo, is known for its excellent customer service.


Source: Ohio Business Machines
Writer: Lee Chilcote

On the heels of the National Association of Seed and Venture Funds annual conference, the Great Lakes Venture Fair will host its first event at the Cleveland Marriott on October 17 and 18. The event is a joint effort between the Ohio Capital Fund, Ohio Venture Association, JumpStart, TechColumbus and CincyTech.

“The event builds on the past seven successful years of the Ohio Early Stage Summit,” says Chris Sklarin, event chair and investor manager with Edison Ventures. “Great Lakes Venture Fair will showcase the region’s high potential companies to investors with a focus on successful strategic partnerships -- how it’s done.”

The Great Lakes Venture is designed to highlight the activity in the region, as well as identify the next big things. “It’s important in general for the region because this is the new economy,” says Sklarin. “This is where we find new growth, new ventures. It would be really great for us to have a successful large company to grow out of this.

Keynote speaker for the event will be Jeff Weedman, who took a two-year leave as vice president of global business development of Proctor & Gamble to become CEO of Cintrifuse in Cincinnati. He will talk about the corporate partnerships behind Cintrifuse as well as join a panel discussion about working with strategic investors.

Sklarin’s advice to entrepreneurs planning on attending is straightforward. “Bring your business cards -- there’s a lot of networking,” he says. “Have your elevator pitch down. You want to get out there and meet everyone you can.”

Organizers are expecting as many as 300 attendees.


Source: Chris Sklarin
Writer: Karin Connelly

Gypsy Beans and Baking Company, the popular cafe that has become a hub in the Gordon Square Arts District, is expanding to a second location. Owner Nicole Gillota's homemade pastries, signature Passport coffee drinks, and soups and sandwiches will soon be available in Lakewood when Gypsy takes over the Beck Center Cafe on Detroit Avenue.

Gillota, who opened Gypsy in 2007 with a "monster kitchen" primed for growth, says that she began hunting for a second spot last year. When the Beck Center Cafe became available and the managers called her, it was a "no-brainer."

"I love being part of the theatre community," says Gillota. "One of the reasons I was attracted to Gordon Square was because of Cleveland Public Theatre. There's always been a good synergy between the theatre crowd and the coffee crowd."

Fortunately, the Beck Center space doesn't need much renovation because former manager and art dealer Paul Sykes did a great job fixing it up. "It's absolutely beautiful," says Gillota, noting that she'll keep the waterfall feature.

Gillota expects to feature many similar menu items to Gypsy Beans in Detroit Shoreway, but will add new dessert items, as well. "The space is a little bit more refined, and we're going to cater to the after-dinner theatre crowd there, as well."

Yet Gypsy's unmistakable brand -- as a community nexus that combines fresh food, great coffee and made-from-scratch pastries -- isn't going anywhere. "I think we're an all-inclusive, all-encompassing spot," Gillota says. "I love that."


Source: Nicole Gillota
Writer: Lee Chilcote