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Every Monday -- News from GCP

A message about our commitment to efficient
air service at CLE

Read our letter—a full page ad in this week’s Crain’s Cleveland Business—about the Greater Cleveland Partnership’s nonstop commitment to ensure that Hopkins Airport has efficient service for Cleveland travelers and visitors.

It says, in part:

"Greater Cleveland’s business community has been highly engaged in the effort of the past few years to ensure Hopkins Airport has efficient air service.

"We thank you and ask for your continued support.

"Convenient and affordable air service benefits all of Greater Cleveland and Northeast Ohio – business and leisure travelers alike.

"That’s why we intend to be relentless in our efforts to help attract additional flights, destinations and carriers to CLE to complement United’s nonstop service to 20 cities."

Click here to view or download.

Showcasing NASA Glenn’s technology

At the invitation of State Representative Rick Perales (R-Beavercreek) the NASA Glenn Research Center (GRC) was hosted at the Statehouse Atrium in Columbus last week for NASA Glenn Research Center Technology Exhibits Day.

The event was widely attended by members of Ohio’s General Assembly, including those from Northeast Ohio, and by members of the public.

(Photo right: State Senator John Eklund (R-Munson Twp) talks with NASA Glenn researcher Dr. Mary Ann Meador about Aerogel, an exciting technology that was demonstrated during the event.)

The Technology Exhibits Day is a continuation of GRC Director and GCP Board Member Jim Free’s effort to move NASA technology beyond the gate for commercialization. Similar presentations have been made in Ohio on a grand scale and at individual meetings.

Perales, a co-chair of the Ohio Aerospace Caucus, has been a champion of aerospace and organizational collaboration in Ohio. He has introduced HB 292, a bill to create the Aerospace and Technology Study Committee, to continue this effort.

The Greater Cleveland Partnership has testified in support of this proposal and has advocated for additional enhancements to the legislation that support our work on behalf of GRC and the region’s business community. It also supports that of the Ohio Aerospace and Aviation Council, of which GCP is a member.

Having passed from the House at the end of 2013, the bill is now under consideration in the Senate.

Welcome, new GCP members

We’re pleased to welcome these Northeast Ohio companies and organizations who recently joined the ranks of GCP Investors. Click on the links below to learn more about them.

Minority business center connects local MBE with $500K for new equipment financing

 

The Minority Business Development Agency (MBDA) Business Center Cleveland recently assisted RAR Contracting Co., Inc., a Northeast Ohio minority business enterprise (MBE), with obtaining $500,000 for new equipment financing from First National Bank.

The company is a participant in the “MPowered” Program, a business development collaboration between the Commission on Economic Inclusion, a program of the Greater Cleveland Partnership that operates the MBDA Business Center Cleveland, and the Northeast Ohio Regional Sewer District. It is led by (photo right) Keith Rogers, president and CEO, and (photo left) James Vincent, vice president.

“The MBDA Business Center Cleveland’s advice and assistance has positioned our company for future success” says Rogers. “We look forward to continue working with our MBDA advisers to build our company’s size, scale and capacity.”

Established in 2004, RAR Contracting Co, Inc. is a provider of ready-mix concrete and aggregate materials, hauling of construction debris and equipment, concrete, asphalt, landscaping repairs and snowplow services.
The company has worked as a subcontractor on several large development and infrastructure projects throughout Northeast Ohio.

The Industrial Internet: An analysis for middle-market companies

Rob Carey, a National Center for the Middle Market contributor, shares his thoughts on remarks by Marco Annunziata, chief economist at GE, that American business is experiencing another metamorphic change...“the Industrial Internet…the marriage of minds and machines."

Annunziata spoke as part of a series of talks curated by TED and Boston Consulting Group.

Carey says the middle market can realize immediate gains of the Industrial Internet from the “steadily dropping costs of hardware and software alike, which means that middle-market companies can take advantage of these innovations.”

According to Carey, these innovations include:

  • Sensors and other performance-capturing components cost an average of 30 percent less versus 2009.

  • The progress of cloud computing has made the collection and processing of data so cheap that sampling and data batches are giving way to uninterrupted data streams. Software identifies patterns so that the machines can actually learn, thus improving their task execution and operational performance over time.

  • With 50 percent of all data worldwide estimated to come from industrial sources by 2020, it's probable that firms who fail to act now and plan their use of this technology will be disadvantaged in just a few years.

Click here to read more about how middle-market companies can use the Industrial Internet to increase their competitiveness.