Our economic future must now be about doing significantly more work with high-potential firms and combining intellectual and financial resources at a significantly more ambitious scale. This blog post is part of the series “Closing the Racial Gaps: Together We Can”, which highlights efforts across the United States that show promise for closing racial opportunity
Last week, I attended the third-annual VentureOhio Gala, an event designed to celebrate the year’s biggest entrepreneurial success and share the results of the annual Ohio VentureReport. But as I enjoyed the night, I couldn’t help thinking how much different things used to be. I left California in 1995, moving to Cleveland to join a
It’s been a great couple of months for Northeast Ohio! The Cavs won the NBA finals, the city of Cleveland nailed the hosting gig for the RNC and now a brand new television show featuring our homegrown entrepreneurs has made its big debut on CNBC. The show is called Cleveland Hustles, and it’s produced and promoted by none
Each year, Cleveland State University works with JumpStart to prepare a report tracking the yearly economic impact of companies supported by us and our many partner organizations. This year’s report, which looks back at 2015, showed that 270 companies supported by our collaborative group generated more than $1.4 billion in economic impact for the state of Ohio.
Rural America certainly has its charms. Clean air, wide open vistas, a close knit community, less stress, greater independence and a lower cost of living just to name a few. Many are the dreams of city folk who think about a more idyllic life in the country. But not all is a Garden of Eden.
On Tuesday, April 19th, Citizens Bank and Growth Opportunity Partners hosted a conversation about the best ways companies can position themselves to become anchor businesses in their community. The discussion centered around Cleveland’s historical assets, how those assets have changed throughout the city’s history and how companies can use them as a key driver in business growth. Listen
In case you’ve missed the hours upon hours of new coverage, immigration reform is shaping up to be one of the most polarizing topics in the 2016 presidential race. The rhetoric these past few months has been contentious to say the least, including calls to escalate border patrols, apprehend and deport illegal immigrants, build walls along
Last month, Cleveland startup Phenom got some great news. It was accepted into prestigious Silicon Valley accelerator 500 startups. The catch? The founders had to leave Northeast Ohio and move to San Francisco in order to make this happen. A low grumble rose up as local pundits lamented the fact that a startup had to
Accelerators, incubators and venture development organizations like JumpStart have traditionally focused attention on a specific kind of business — high-tech, venture capital-backed startup. At JumpStart, we’ve spent more than a decade helping these kinds of ventures (and the entrepreneurs behind them). Along with our partners, we’ve helped more than 1,000 companies raise $1.7 billion in
Economic developers have long used tax incentives to attract companies to their communities. By some estimates, 95% of U.S. municipalities use these incentives in one form or another, spending upwards of $50-80 billion annually. At that same time, mounting evidence seems to be showing these tax incentives produce only marginal results, leading to a growing
We all know the proverb. Give a man a fish and you feed him for a day; teach a man to fish and you feed him for a lifetime. The underlying message is clear, it’s better to teach someone to do something than to do if for them. At JumpStart, we’ve found this proverb can
This post originally appeared on The Huffington Post on December 3, 2015. Ask any expert what made Silicon Valley possible and it won’t be long until they bring up Stanford University. Combined with the rest of the local research community – much of it military-based – Stanford’s outpouring of innovative ideas helped ignite one of