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News and Press Releases

Midtown Development Commiteee
Selling Cleveland
Regionally Speaking
June '09 VPI Presentation
Doing Business with Cleveland
Why Ohio Won Governor's Cup

Recovery and Reinvestment Act
Ohio Wins Governor's Cup
Environmental Assistant to Present
Hoffman Properties Secures VPI Loan
NRA Program Expands
Ohio ED Financing

Economic Development News Archives


1/28/2010: Midtown Development Committee

The Midtown Development Committee met with Director Tracey Nichols of the Economic Development Department and Bob Brown, Director of the Department of City Planning at their offices at 3634 Euclid Avenue. The Directors laid out their joint plan for an interactive map of the “Midtown Technology Corridor” showing anchor institutions, technology infrastructure, such as incubators, projects underway and available land. Both Directors indicated that they believe this will help “sell” the area as a great location for technology companies. Other topics discussed included zoning, the Warner Swasey building, current land values in the district and the limited number of restaurants and retail. The meeting concluded with a discussion of projects underway such as the State Behavioral Health Center.


1/28/2010: Selling Cleveland

Director Tracey Nichols took part in a forum sponsored by NOCA, the Northeast Ohio Communications Advocates. The panel focused on “Selling Cleveland” and was held at the Plain Dealer’s Community Room. Panelists included Tamera (Tami) Brown, Vice President for Marketing and Communications for Positively Cleveland, and Jeffrey Kipp Executive Director of LIVECleveland! Joe Marinucci, President and CEO of the Downtown Cleveland Alliance was the moderator. There was a stirring discussion on how to sell Cleveland with great audience participation. Director Nichols talked about the easy and harder selling points in bringing businesses to Cleveland.


5/27/09: Regionally Speaking

Regionally Speaking is a series of conversations on a variety of topics that impact Northeast Ohio. In May 2009, Director Tracey Nichols joined moderator Gladys Haddad, Professor of American Studies, Case Western Reserve University and Ted Howard, Executive Director, The Democracy Collaborative, University of Maryland and Consultant to The Cleveland Foundation, Lillian Kuri, Program Director, Special Projects, The Cleveland Foundation and Mikel Lezamiz, Director of Cooperative Dissemination, Mondragon, Cooperative Corporation to discuss “Economic Inclusion and Community Wealth”. More


Brownfield Programs Manager to Present at National Conference on Vacant Properties

Department staff member, Nate Hoelzel will be presenting at the Reclaiming Vacant Properties: Building Leadership for Restoring Community conference in Louisville, KY June 1-3, 2009. The event is the only national conference focusing on building the knowledge, leadership, and momentum to reclaim vacant and abandoned properties for thriving neighborhoods. Nate will be presenting the challenges and successes of managing land banks with other well-respected experts from around the country.

Cleveland's Industrial-Commercial Landbank
Conference Information


3/26/09: Doing Business With the City of Cleveland Presentation

Event Presentation Details

Mayor Frank G. Jackson and the City of Cleveland Departments of Economic Development and Building and Housing presented at the Doing Business with the City of Cleveland event on March 26, 2009. This event brought together professionals from the commercial and industrial real estate industry to advise them that “Cleveland is open for business”. Attendees were also able to understand how City programs could benefit their property listings, why their clients should consider Cleveland incentives and how they can efficiently work with the Building and Housing Department to expedite the permitting process.

In addition, presentations were made by Grubb & Ellis, Playhouse Square and Howard Hanna on current real estate market conditions and investment trends as well as an overview of several new projects being developed within the City. Dan Riley of Howard Hanna described his interaction with the City of Cleveland staff as highly responsive and professional. He had a proposal on his desk in 24 hours and everyone at the City had a “can-do” attitude.


3/09: Reasons Why Ohio Won the Governor's Cup

The Ohio Business Development Coalition details what puts Ohio ahead when it comes to economic development. -more


3/09: American Recovery and Reinvestment Act to Assist Small Businesses

The American Recovery and Reinvestment Act contains a package of loan fee reductions, higher guarantees, new SBA programs, secondary market incentives, and enhancements to current SBA programs that will help unlock credit markets and begin economic recovery for the nation’s small business sector. This bill gives the SBA specific tools to make it easier and less expensive for small businesses to get loans, give lenders new incentives to make more loans, and help restore healthy SBA secondary markets to boost liquidity.  -more


3/09: Ohio Wins Governor's Cup Award

Site Selection Magazine, one of the nation’s leading location assistance publications has named Cleveland as one of the top 10 metropolitan areas for new and expanded corporate facilities among metropolitan areas with populations of over one million.-more


4/09: Environmental Assistant to Present at DECON '09

David Ebersole has been invited to present at DECON ’09, The Building Materials Reuse Association’s 2009 International Conference on Deconstruction, Building Materials Reuse, and Construction and Demolition Materials Recycling, to be held April 28-30 in Chicago. David will present the City’s Lessons Learned Report that will result from its participation in the U.S. EPA’s Sustainability Pilot Program. The Report will focus on the best practices of the deconstruction industry in Cleveland and the obstacles that have been overcome.


2/09: Hoffman Properties secures Vacant Property Initiative loan through the City of Cleveland Economic Development Department

Global X, a tax consulting firm affiliated with Hoffman Properties real estate partnership that advises real estate clients on tax credit financing will have an Open House on Thursday, February 26th, 2009.

Hoffman Properties recently completed a renovation to the Historic Edwin Hotel building at 1303 Prospect Avenue. The Department of Economic Development approved a $500,000 Vacant Property Initiative to help finance the renovations. The loan will allow the company to remain & expand in Cleveland while adding income tax revenue to the City of Cleveland. The rehabilitation of the 11,000 square feet building was completed following strict historic guidelines in order to secure Historic tax Credits.

The building was converted into unique Class B office space tailored for professional firms looking to locate in the proximity of Cleveland’s downtown business district. At this time three of the four floors of the rehabilitated building have been committed by tenants. The only remaining space available for leasing is the first floor suite of approximately 2,700 usable square feet with a separate entrance from Prospect Avenue.


2/09: Neighborhood Retail Assistance Program Continues to Expand

Extract from the Cleveland Neighborhood Development Corp Newsletter – February 2009:

At the January meeting of CNDC’s Retail Commercial Support Initiative, Kevin Schmotzer of the City’s Department of Economic Development, provided committee members with an update on the Neighborhood Retail Assistance Program (NRAP).

NRAP is structured to provide financial assistance to independent retail businesses throughout Cleveland. Funds are used fro exterior upgrades, including landscaping, lighting, public art and signage. Green and sustainable elements are encouraged. The maximum financial assistance is $40,000 with a 3% interest rate.

In 2008, twenty-two projects were approved by the Department of Economic Development. This number represents an increase of approximately 400% from the preceding year. Some of the projects were Martel’s Beauty Salon in Ward 6, Auto Spa Detailing in Ward 18, Brickhouse Bar & Grill in Ward 12, and Asiatown in Ward 13. The Department of Economic Development has set a goal in 2009 to surpass the number of 2008 projects. Contact Kevin Schmotzer at 216.664.3720 (Send Email) or Ifeoma Ezepue at 216.664.3622 (Send Email) for more information or to discuss potential projects.


1/16/09: Economic Development Financing Panel Includes Nichols

Director of Economic Development for the City of Cleveland, Tracey Nichols, was featured on a panel discussing Economic Development Financing in Ohio. The panel discussed how to get deals done during these tough financial times. Attendees of this seminar found out how to identify new financing tools to help them finance projects and increase investment in the community. The seminar was hosted by Lorman Education Services. -more

Department of Economic Development
Tracey A. Nichols, Director
601 Lakeside Ave, Room 210
Cleveland, Ohio 44114

P: 216.664.2406
F: 216.664.3681
Relay Service: 711
Send Email

Mission Statement

   
 

To provide assistance to businesses expanding within or locating to the city of Cleveland including financing, workforce solutions and technical assistance that will encourage investment in the community to enhance the lives of our citizens.


- Economic Development