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Cleveland's Jobs Commitment is an Enviable Model

Saturday, June 19, 2010

Two Great Lakes states face similar concerns

Excerpt of story provided by Milwaukee Journal Sentinel
Written by John Torinus

Ray Leach is an Ohio boy who started and sold four information technology companies, earned a master's in business administration at MIT, and then left a teaching gig there to return to Cleveland, where he characterized the economy as "scorched earth."

His assignment, he said, was to reinvent the economy of Cleveland, which had lost 150,000 jobs in two decades and the headquarters of 15 Fortune 500 companies.

Knowing that almost all new jobs are created by young companies and that northeastern Ohio desperately needed more jobs, he set out to create an entrepreneurial ecosystem, a rich soil that would be hospitable to new ventures...
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