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Opportunity Corridor’s Steering Committee names Eddie Taylor, Michael Taylor as co-chairs

Cleveland, Ohio – The steering committee that provides crucial guidance and oversight of the Opportunity Corridor project in Cleveland has appointed two new co-chairs to assist in ensuring that the new roadway maximizes its potential to become a job-producing, economic development catalyst. They are:

Eddie Taylor, Jr., president of Taylor Oswald – an insurance brokerage firm partnered with Oswald Companies and headquartered in downtown Cleveland. Taylor has previously owned or operated companies in a variety of industries including warehousing and distribution.

A co-chair of the Commission on Economic Inclusion, the Cleveland area native completed the Executive MBA Program at the Case Western Reserve University Weatherhead School of Management.

Michael Taylor, senior vice president at PNC, where he is responsible for community and economic development activities in Northern Ohio and five other states. He was previously president and executive director of the National City Community Development Corp., the first community development corporation founded by a financial services company.

He is a graduate of Central Michigan University with a bachelor’s degree in business administration and a master’s degree in administration. He is also a graduate of the Robert M. Perry School of Banking.

“Opportunity Corridor is a vital project for Cleveland and we are fortunate to have these two very accomplished gentlemen help lead us to the next phase,” said Marie Kittredge, executive director of the Opportunity Corridor Partnership.

“They have the expertise we need to help us meet our goals as we move toward making the Opportunity Corridor into a pathway for job creation and growth in a part of Cleveland that has seen minimal investment for many, many years.”

Kittredge said the two new co-chairs will join Co-Chair Terry Egger in helping the Steering Committee focus upon its changing role. The Committee originally concentrated upon working with a broad-based group of public, private, civic and neighborhood partners to secure funding for the project and to determine the road’s best alignment. Since the alignment has been agreed upon and funding secured, the Steering Committee is now shifting to ensure that Opportunity Corridor will trigger economic development.

Greater Cleveland Partnership President and CEO Joe Roman praised the new appointments.

“This project is very fortunate to now have the guidance of Eddie Taylor and Michael Taylor,” Roman said. “They are perfectly qualified to help lead this project toward achieving its goal of spurring economic growth and job creation in Cleveland.”

From its inception, the Opportunity Corridor has had two prime goals: (1) to offer better access to University Circle, an economic and cultural powerhouse; and (2) to ignite job-creating development in the Cleveland neighborhoods of Slavic Village, Central, Kinsman and Fairfax that will experience improved connectivity because of the roadway.

“University Circle, of course, is an economic and cultural dynamo for Cleveland, and Opportunity Corridor will simply make it easier for employees, residents and visitors to get there,” Roman said.

“But with the improved access to those four Cleveland neighborhoods, more than 200 acres of underutilized land will be ripe for development, and with that will come jobs and investment in Cleveland.”

Development efforts for this underutilized land will build on the successful work of area community development corporations and existing business anchors such as Orlando Baking Company and Miceli Dairy Products.

The first section of Opportunity Corridor—E 105th Street from Chester Avenue to Quincy Avenue—is now under construction. Estimated completion of the three-mile road, which extends from I-490 at E. 55th Street to E. 105th and Chester, is 2020.