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MBDA Business Center Cleveland office earns “outstanding” rating

The Minority Business Development Agency (MBDA) Business Center Cleveland has earned an “outstanding” performance rating for the period from April 1, 2014 through September 30, 2015 from the national MBDA office at the U.S. Department of Commerce.

Since its launch in 2011, the MBDA Business Center Cleveland has worked with minority businesses throughout the State of Ohio. Results include $101M in contract awards, $21M in capital awards, 845 jobs created and 1047 jobs retained. Read more.

The MBDA Business Center Cleveland is operated by the Commission on Economic Inclusion, a program of the Greater Cleveland Partnership.

Joe Roman on WTAM

GCP President and CEO Joe Roman’s monthly interview with Bill Wills on WTAM’s “Wills and Snyder” provides an update on GCP priorities and economic development progress in Great Cleveland.

Learn what's new with game-changing construction projects including Public Square and Hopkins Airport, which are on schedule for completion in time for the 2016 Republican National Convention, looking ahead to 2016 ballot issues, and how NASA Glenn is building new connections to companies and the community. Click to listen.

U.S. economy improving, but recovery is lagging

Although the U.S. economy has improved since the recession, the recovery is still lagging, says Dr. Martin Regalia, the U.S. Chamber of Commerce’s senior vice president for economic and tax policy and chief economist.

Speaking to more than 75 middle-market CEOs at the Greater Cleveland Partnership’s Fourth Quarter Middle-Market Forum last week, he described the economic picture as “glass half-full/glass half-empty.”

Looking ahead, he said that the impact of the slow recovery will continue to be due to several issues including U.S. monetary and fiscal policies.
Read more.

GCP to support new $20M venture capital fund led by JumpStart

The Greater Cleveland Partnership is proud to announce its limited-partner investment in JumpStart's new for-profit $20M venture capital fund called the JumpStart NEXT Fund.

The fund is focused on co-investing with other VCs and private-sector investors in Ohio-based companies who need to raise $2M-$8M in private capital to continue their growth. Read more.

Public-private partnerships secure Lincoln Electric welding technology center project

Public-private partnerships, once again, have proven to be the driving force in securing a major economic development project for Greater Cleveland.

The latest project was announced last week by the Lincoln Electric Company: the building of a Welding Technology Center, which is scheduled to break ground in spring 2016 on its Euclid, Ohio campus.

“This project demonstrates the strength and character of the public-private partnerships that exist in Cuyahoga County and the region,” says GCP President and CEO Joe Roman. “This is an investment not only in Lincoln Electric and Northeast Ohio but also our entire manufacturing industry.” Read more.

JetBlue adding third nonstop flight from CLE to Boston

JetBlue Airways is adding an additional daily nonstop flight from Cleveland Hopkins International Airport (CLE) to Boston beginning May 5, 2016. The service will depart CLE at 6:20 a.m. and arrive in Boston at 8:07 a.m.

“This additional JetBlue service confirms that Cleveland continues to be a strong market for air travel,” said Greater Cleveland Partnership President and CEO Joe Roman. “There are a lot of factors in play that result in more airline interest in Hopkins, including an improved airport, reduced costs, more traffic-generating assets, and, of course, customer demand.” Read more.