Maybe the title given to our region, and specifically Ohio, doesn’t fit anymore. Ohio has won the Governor’s Cup Award presented by Site Selection Magazine for the second year in a row. What does this mean? The Governors Cup is awarded to the state with the most new and expanded corporate facilities. The facilities include manufacturing, offices, headquarters, distribution centers, research and development and mixed use. This is no small accomplishment when you look at our competitors in California, Texas, Florida who are bigger than Ohio and other southern states such as North Carolina and Georgia which are supposed to be so business friendly. Way to go Ohio!
Read the story: http://www.siteselection.com/
The Midtown neighborhood is one local area where business innovation is clearly evident. In partnership with the Manufacturing Advocacy and Growth Network (MAGNET), Midtown Cleveland Inc. was recently awarded a $20,000 grant by the Cuyahoga County Dept. of Development to develop a business plan for the Midtown Innovation Zone. Midtown is just one of three locations given this designation.
According to Midtown Cleveland, development totaled more than $23 million in 2007 in this neighborhood. Some of these developments include an expanded Asia Plaza at 2999 Payne Ave., the Baker Electric Building at 7100 Euclid Ave. (now a hub for tech and medical firms), and the Victory Building at 7012 Euclid Ave. (slated to become loft apartments).
More information available at www.midtowncleveland.org.
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