Cleveland Bagel to Open Second Location
Cleveland Development Advisors (CDA), the real estate affiliate of the Greater Cleveland Partnership, provided a $250,000 loan to facilitate the opening of The Cleveland Bagel Company’s second location on Cleveland’s east side. The new location at 7501 Carnegie will give Cleveland Bagel access to a larger food production facility allowing the company to expand its wholesale market. In addition, the retail operation will add a much-needed amenity to the Midtown neighborhood. “We are thrilled to welcome Cleveland Bagel to MidTown, adding another high-quality food destination to serve the growing base of employees and residents in our diverse neighborhood,” said Jeff Epstein, Executive Director of MidTown Cleveland. He went on to say, “Cleveland Bagel is an example of how many local entrepreneurs and small businesses have chosen to locate in MidTown because of its location, convenience, building stock, and unique sense of community.”
One of four winners of the LeBron James produced, “Cleveland Hustles” which aired on CNBC in 2016, Cleveland Bagel’s original location in Ohio City is thriving and demand has outpaced production capacity. The search for a production kitchen and east side location has been ongoing, but financing the expansion was becoming a problem for the small outfit. “CDA was able to help facilitate much needed funding that traditional sources could not. With the help of CDA we will be able to expand our business, hire more people with a living wage, and help the community,” says co-founder Geoff Hardman. “That has always been our goal from day one, and we are happy that it is coming into reality for the second time. We look forward to being part of the ever-expanding revitalization of the mid-town community.” The new store is scheduled to begin delivery fresh, delicious bagels to customers this fall.
Opportunity Corridor Update
The Opportunity Corridor, a $300 million transportation and economic development project, continues to take shape on the east side of Cleveland. This three-mile boulevard is designed to serve as a catalyst for job creation and community investment in several east side neighborhoods by providing the foundation for the redevelopment of several hundred acres of underutilized land. It will also improve access between the regional Interstate system and University Circle, where an estimated 80,000 Greater Clevelanders work and more than $14 billion in direct and indirect economic impact is generated annually.
The initial phase of the Opportunity Corridor, which involved the widening of E. 105th Street, was completed late in 2017, while the first stretch of new roadway is currently under construction and slated for completion at the end of this year. The balance of the project will begin construction this coming spring and is anticipated to be opened to traffic by the end of 2021.
Read more about the progress of Opportunity Corridor.
The Greater Cleveland Partnership has played an instrumental role in the Corridor’s planning and implementation going back nearly a decade. In 2009, GCP, the City of Cleveland, and the Ohio Department of Transportation (ODOT) established a broad-based Opportunity Corridor Steering Committee to facilitate inclusive planning for the roadway and ensure economic benefits for the impacted neighborhoods. This and continued advocacy efforts led to the Federal Highway Administration approval of the project and funding commitment by Governor John Kasich in 2013. Construction began in 2015.
The GCP continues to work collaboratively with the City of Cleveland, ODOT, Team NEO, JobsOhio and numerous other public and private partners to support robust and inclusive economic development along the Opportunity Corridor through efforts focused on land assembly, site remediation, workforce development, infrastructure, and neighborhood planning.
Cleveland Hopkins Airport Receives Bond Ratings Upgrades
Standard & Poors (S&P) Global Ratings and Moody’s Investors Service (Moody’s) have upgraded their respective airport bond ratings for Cleveland Hopkins International Airport (CLE). S&P upgraded its underlying rating for CLE to ‘A’ while Moody’s increased its rating to ‘A3’. This is the first time in eight years that both rating agencies have rated CLE in the ‘A’ category.
Read the release.
Share Your Industry Expertise with CMSD High School Students
The Academies of Cleveland (AoC) focus on college and career readiness for students in five Cleveland Metropolitan School District (CMSD) high schools. Each school—Garrett Morgan, Jane Addams Business Careers Center, Martin Luther King Jr., Washington Park Environmental Studies and Max S. Hayes—concentrates on career pathways from a variety of industries that drive economic growth in our community.
We are inviting Greater Cleveland Partnership members to provide industry expertise and interactive, career-exposure experiences for AoC students at the 3rd Annual Ninth Grade Career Experience Fair on Thursday, September 27, 2018 from 8:30 to 11:30 a.m. at East Professional Development Center.
We are recruiting representatives from the following industries to exhibit:
• Biomedical Science
• Culinary Arts and Hospitality
• Exercise Science and Sports Medicine
• Law and Public Safety
• Animal Science and Management
• Horticulture and Landscape Design
• Automotive Technology; Construction Technology; Diesel Technology
To sign up, or to receive more information, please contact Angela Finding at firstname.lastname@example.org or 216.592.2385.
Volunteer for True 2U
Recognizing that career readiness starts early, an innovative program True2U—a collaboration among the Cleveland Foundation’s youth development program, MyCom, the Cleveland Metropolitan School District (CMSD), the Greater Cleveland Partnership and the Neighborhood Leadership Institute— provides eighth-graders with support to explore their purpose, identify their strengths and set personal goals for success.
We invite business professionals from all industries to volunteer as mentors for the program. We are now accepting applications for the 2018-2019 school year. Mentors will meet with a cohort of students monthly, for two-hour sessions, from October to May.
To submit your mentor application, please click HERE.
For questions about mentoring, contact Angela Finding at email@example.com or 216-592-2385.