Greater Cleveland Partnership, NorTech Help Northeast Ohio Tech Firms Access Federal Funds for Innovation

Thursday, March 13, 2008

Cleveland, March 13, 2008 - The Greater Cleveland Partnership (GCP) and NorTech gathered representatives from more than 50 research and technology institutions and companies from throughout Northeast Ohio to be the first to hear about the federal government's new program to support innovation. Small- and medium-sized companies that conduct research in areas of "critical national need" would be eligible to apply for the Technology and Innovation Program (TIP) grants.

Carol Caruso, senior vice president of advocacy at the Greater Cleveland Partnership, acknowledged that as competition for limited Congressional earmarks gets tougher, the GCP is looking for alternative ways federal funds can be directed to Northeast Ohio. "Our region was extremely successful in competing for Third Frontier funding from the State of Ohio and we expect that this program will prove beneficial to the companies in our region."

TIP was created by the America Competes Act of 2007 and currently it is the only part of the legislation that has received approval for funding. At the request of the GCP, Marc Stanley, director of TIP, made Cleveland his first stop in the nation to discuss the new program.

Handouts from the presentation are available here.
Plain Dealer coverage of the event is available here.

The Greater Cleveland Partnership, the primary voice for businesses in Greater Cleveland, seeks to create jobs and improve the economic vitality of the region. On behalf of its more than 17,700 members, the GCP advocates with one voice; advances small business success; accelerates economic inclusion; builds a high-impact; sustainable economic development system; changes the face of Cleveland; strengthens global connects; and initiates a demand-driven talent system. The GCP is a founder and proud supporter of the Cleveland Plus marketing campaign. http://www.gcpartnership.com

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