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Shift Happens: Blue Collar to Green Collar Jobs in Ohio

Thursday, February 7th, 2008

From the Columbus Dispatch:

You’ve heard the numbers: Ohio has lost more than 200,000 manufacturing jobs so far this decade.

But state officials say many of those could be replaced by 2030 if Ohio’s manufacturing strength can be tapped in the cause of renewable energy.

“This is one of our best bets, particularly on the manufacturing side,” said Mark Barbash, chief economic-development officer for the state Department of Development.

“It also offers the opportunity for additional research and development jobs.”

You can read the rest of the story here, courtesy of Crain’s.

Like we said, Shift Happens. But it might be Generation Q that makes it happen…what do you think?

Posted in Strategy, Policy, General Economic Development, Manufacturing, Innovation, Sustainability, Entrepreneurship, Advanced Energy | 1 Comment »

Cleveland and Chattanooga Part Three - Or, the Importance of Water in Economic Development

Monday, January 28th, 2008

What is the single most important rate-limiting factor when it comes to economic development?

If you live in Northeast Ohio and have been following the Avon exchange controversy, you might think it was highways and roads. Proponents argued the new highway exchange will be a much needed stimulus to the economy; opponents argued that it contributes to sprawl and negatively affects efforts to revitalize downtown.

Both arguments contain some truth–and yet both also miss the single most important factor that enables economic development to occur in the first place: access to cheap, potable water. There could be no economic development in the area surrounding the Avon exchange if there weren’t also easy access to abundant fresh water.

Why was it that places like Cleveland, Pittsburgh, and even Chattanooga became major industrial centers? Water. And lots of it.

Most attention these days is placed on developing alternative energy resources, yet even here water plays a critical role. Water plays a major role in removing carbon from the atmosphere. The quality of our water has been adversely affected by the choices we’ve made with respect to the fuels and other energy sources we use.

(Historical note with no small amount of irony: When Rockefeller first set up shop in Cleveland he developed a process for extracting kerosene, the fuel of the day, from oil. A by-product of the cracking process was gasoline. Since there was no use for gasoline at the time, Rockefeller and team simply dumped the gasoline into the Cuyahoga River…)

Everything eventually comes back to water. Our manufacturing processes depend heavily on water, and in the process have damaged the quality of our water, air, and land. Precipitation draws pollutants out of the air and puts them into our water table. It also pulls them out of the ground and deposits them in our rivers and streams.

We certainly can and need to develop alternative fuels–indeed, we have to if we want to survive–but what we can’t develop is an alternative to water.

As a result Northeast Ohio has two critically important assets that, despite continued industrial use, are woefully underutilized: Lake Erie, part of the chain of lakes that make up the largest remaining source of surface fresh water in the world (the five lakes combined account for nearly 20% of the world’s surface fresh water), and the Cuyahoga River Valley watershed–once the source of late night TV jokes but today one of the most important watershed testbeds in the world.

In our 2005 report on the possible futures Northeast Ohio might face, green/sustainable systems and new energy sources were identified as key global drivers of importance to the region. Increasingly, access to fresh water is becoming a key driver for other regions around the world. While we currently explore the feasibility of offshore wind as one possible energy solution, have demonstration solar setups at the Great Lakes Science Center and Progressive Field, have projects in the Valley focused on fuel cells, green bulkheads, alternative storm water treatments, and even a nanotechnology-based filtration company in the region, we don’t have a highly visible, focused effort around fresh water issues and solutions.

With the Port of Cleveland contemplating a move–the kind of thing that happens in a region once every hundred years or so at best–with a LEED certified development going up in the Flats District, the potential to develop offshore fresh water wind in Lake Erie, with the 50th anniversary of the river catching fire coming up in just over a decade, and with the region as a whole sitting right on the edge of the shallowest of the Great Lakes with one of the three most critical dead zones in the country, the opportunities for Northeast Ohio to be the testbed for critical fresh water research and solutions development is enormous.

And this is the most important economic development lesson I learned from my visit to Chattanooga. Water–access to it, its quality, and how it is used–is the single most critical factor to the amount of productive economic development that can take place in a region. Does that mean I think we should run out and build an aquarium? No, but we should learn from the Tennessee Aquarium’s efforts to focus on the freshwater econsystem and the watersheds that run from Chattanooga down to the Gulf.

While fresh water fish will always be fascinating to flyfishers like me, they don’t make for the most exciting aquarium exhibits, and so Chattanooga had to build on a salt water addition so people could see “all the pretty colors.” Given Chattanooga’s emphasis on developing downtown as a tourism destination, this made sense. The same for their River Walk, which is far more people-friendly than our Towpath Trail, with well-designed convenience centers that incorporate recycled materials from the region’s major industries every two miles, and exceptionally good signage that ties the city’s industrial past to its present and future direction.

We should certainly do more with design than we do (another of the key global drivers identified in the 2005 report), plagued as we are with a plethora of Soviet-era style architecture that is almost as much of a turn off in our wonderful summers as it is in our more Soviet-like winters. But the main things I took away from Chattanooga that are important to Cleveland are the following:

We know we need to boost the amount of R&D that takes place in our region. We also need to pay greater attention to design as well. The two can be done together.

We know water is the ultimate rate-limiting factor on economic development and that, while we have it in abundance today, tomorrow may well be a different story.

We know that water touches or is touched nearly every major sustainable technology in some way or another: nutrient loading from and diversions for agricultural use and neighborhood development; pollution from industrial processes; dredging to keep shipping channels open; green bulkheads to help repopulate depleted fish stocks; permeable concrete to minimize stormwater runnoff; filtration to remove contaminants; alternative energy that uses offshore wind and water movement to generate clean power; diminishing sources of fresh, clean drinking water sufficient to support growing populations…the list goes on and on.

And so it isn’t an aquarium we need, but rather a Fresh Water Institute–not a building, but a way of organizing and increasing the amount of academic research that takes place here focused on near shore and watershed loading issues in Lake Erie and the Cuyahoga, things that have universal applicability and growing importance over time. An organization that is able to focus attention on that research and raise its visibility the way Woods Hole and Scripps do for oceanic research. But even more the organizational capacity to convert what we learn from this increased academic research into commercial solutions that serve the global marketplace but are based here in Northeast Ohio.

We also need to make sure that as part of the marketing and educational pieces of this Institute that the public outreach and K-12 educational components are thoroughly integrated, so that people in the community understand the importance of these resources and our children grow up with an enthusiasm for both water and the science of making sure there will be enough fresh water for all of us in the future.

Lastly, because so much depends on how we use this essential resource, having a policy group within the Institute–a mix of legal, research, commercial, and governmental expertise–is essential. It not only can help change how we use water here, but how water is used around the world, and it also helps to elevate the visibility of both the research and the commercial development occuring in the region. Not to mention reinforcing the image of Cleveland as a “Green City on a Blue Lake,” an attractive, clean place to live and raise a family.

There were lots of other lessons I learned in Chattanooga, but for purposes of the economic development in Northeast Ohio, this is it: make better use of water as the key factor necessary for robust, successful economic development.

Posted in Strategy, Policy, Healthcare, General Economic Development, Manufacturing, Education, Sustainability, Entrepreneurship, Innovation, Advanced Energy | No Comments »

Wind Power Picking Up Speed in Great Lakes Region

Sunday, January 27th, 2008

The Toledo Blade buries the lead on this story so we’ll give it to you here:

“The U.S. Department of Energy claims wind has the potential to produce $80 billion in economic activity and 300,000 jobs for the Great Lakes region.

“‘The potential for wind power generation in the Great Lakes region is enormous,’ Larry Flowers, national technical director of the Energy Department’s Wind Powering America program, said.”The race is clearly on. Will Northeast Ohio carve out a leadership role, or merely wind up a “me too” player?

To read the entire article, click here.

Posted in Entrepreneurship | 1 Comment »

Innovation–UK Style

Sunday, January 27th, 2008

From SSTI:

As readers know, the

United Kingdom

is no slouch in the world’s economy. A steady rise in productivity since 1997, the pound trading at nearly twice the dollar, and the home of some of the world’s top research universities and a global financial center for centuries all attest to the

United Kingdom

’s strong economic position.

How it is preparing to sustain and expand its competitive position through strategies like those enumerated in the April release of Innovation Nation stands in sharp contrast to

U.S.

policies and investments to support science and technology-based growth.

For evidence, one needs look no further than the unit of the British government that released the strategy – the UK Department for Innovation, Universities and Skills (DIUS). DIUS has no

U.S.

counterpart working to coordinate advanced research investments, workforce preparedness, and tech-based economic development initiatives.

U.S.

efforts in these areas are scattered across several agencies and have been perennial targets and often victims for budget.

Innovation Nation outlines nearly four dozen specific action items to encourage the permeation of innovation throughout the

United Kingdom

. Virtually no element of society is left untouched by the agenda. Highlights of items not being discussed loudly in the

U.S.

:

For all sectors of business, including the services and creative industries, DIUS will provide innovation vouchers to finance collaboration between 500-1,000 small and medium-sized enterprises and the “knowledge-based institution of their choice.” The department also will ensure finance accessibility at all stages of growth, will double the number of knowledge transfer partnerships between educational institutions and UK businesses, and is training all export and business link staff in advising businesses on management and licensing of intellectual property. It also will develop an international marketing, regulation and research strategies to aid businesses in working in the EU and international markets.
For universities, DIUS will continue to expand research investments and broaden knowledge exchange opportunities into the arts and humanities, further develop an online toolkit of model technology transfer agreements, and create an Innovation Research Centre in partnership with several other government agencies.
For its citizenry, DIUS will establish at least one national skills academy in every major sector of the economy to design and prepare optimal curricula and approaches for workforce development, create regionally based graduate-level university enterprise networks, and expand apprenticeship and training programs; and,
Perhaps most humbly, DIUS calls for the public sector to transform procurement processes to encourage innovation and to develop mechanisms to inspire and reward innovation in breaking down bureaucracy and overly burdensome procedures and regulations.

Innovation Nation is available at: http://www.dius.gov.uk/publications/ScienceInnovation.pdf

Posted in Entrepreneurship | No Comments »

Ohio Tops for Corporate Expansion and Relocation

Saturday, January 26th, 2008

From the Kaufmann Foundation:

Ohio and Illinois are the places to be–at least for major corporate expansions and relocations. These Midwestern states have traditionally been known for their manufacturing prowess, and that legacy has also created a lot of economic challenges. But, according to the latest rankings from Site Selection magazine, both states have done a good job in terms of diversifying their economies. Each year, Site Selection presents the Governor’s Cup to the state leaders who have garnered the most new corporate relocations and expansions in the previous year. Ohio, and its governor Ted Strickland, topped this year’s list with 395 site expansions or relocations in 2007. Other top contenders of the Governor’s Cup include (in rank order): Illinois, Tennessee, North Carolina, and Texas.

The article, “Victory Lap,” by Mark Arend, appears in the March 2008 issue of Site Selection.

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Posted in Entrepreneurship | No Comments »

Ohio Leads Midwest in Healthcare Venture Investment

Friday, January 25th, 2008

From BioEnterprise:

Ohio health care start-ups attracted a record $296 million in venture capital last year, sharing top honors in the Midwest with Minnesota.

Click here to read more.

* * *

IBF Conferences and BioEnterprise are proud to present the 2nd Annual Global Healthcare Investing Conference, scheduled for April 30-May 1, 2008 in Cleveland, Ohio.

Click here for more information.

Annette Ballou
Director of Strategic Marketing and Communications
BioEnterprise Corporation
(216) 658-4525

Posted in General Economic Development, Healthcare, Entrepreneurship | 1 Comment »

Northeast Ohio’s Road to Energy Independence

Thursday, January 24th, 2008

From The Chronicle-Telgram this morning comes this news:

“Lorain County’s manufacturing past elevated it to the No. 2 spot on a list of counties with the most potential to benefit from a push for renewable energy technology.

“Only Cuyahoga County ranked above it in a report by the Renewable Energy Policy Project that was released Wednesday.”

You can argue about the meaning of independence in an increasingly interdependent world, but in this case you’d be missing the point: Northeast Ohio is incredibly well-positioned, precisely because of our manufacturing history to make the transition–and it is a true transition, not just a retreat into our past or a reliance on our existing industries–to being a leader in renewable energy.

Click here to read the complete report for yourself.

Posted in Policy, General Economic Development, Strategy, Manufacturing, Entrepreneurship, Innovation, Advanced Energy | No Comments »

Northeast Ohio’s Burgeoning Biotech Sector

Monday, January 21st, 2008

From BioEnterprise:

Aeromics, a biotechnology company founded at Yale, is the latest in a series of companies moving to Cleveland in conjunction with star faculty recruitments by Case Western Reserve University and University Hospitals. Other recent biotech relocations include Retinagenix and Polgenix (both from Seattle) and Thromgen (from Ann Arbor).Click here to read more.

* * *

IBF Conferences and BioEnterprise are proud to present the 2nd Annual Global Healthcare Investing Conference, scheduled for April 30-May 1, 2008 in Cleveland, Ohio.

Click here for more information.

Annette Ballou
BioEnterprise Corporation
(216) 658-4525

Posted in General Economic Development, Healthcare, Innovation, Entrepreneurship | No Comments »

Second Annual Global Healthcare Investing Conference in Cleveland

Monday, January 21st, 2008

From BioEnterprise:

Please join us for the 2nd Annual Global Healthcare Investing Conference in Cleveland, April 29 - May 1, 2008. Over 70 health care venture capital firms and investors attended the 2007 conference and attendance is expected to increase in 2008.

2008 Panel Discussion Topics Include:

Developing US Companies Overseas
Tapping Global Capital
Opportunities in Emerging Geographies
Global Distribution Strategies
Is it the right time to be in Asia?
Bringing Companies into the US

2008 Company Presentations Include:

Non-US based emerging growth companies that have raised at least one round of professional funding.
Technologies spanning medical device, diagnostics, delivery, drug discovery, biotechnology, healthcare information technology and services.

Click to see the full agenda. For more information or to register please click here.

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Innovation and Globalization

Friday, January 18th, 2008

From the Cleveland Council on World Affairs:

Dear Friends:

On behalf of the Cleveland Council on World Affairs, we are inviting you to join us for two special events involving globalization and innovation experts, Mr. Vivek Wadhwa and Mr. Pete Engardio.

The Plain Dealer recently referred to Wadhwa, a native of India, technology entrepreneur and Harvard researcher, as “a technology guru seen as the rock star of the immigrant talent movement.”

Engardio is the Senior International News Editor for BusinessWeek, writing and editing stories on globalization and economic trends.

We invite you to attend two exciting events next week:

* Thursday, January 24, 2008Immigrant & Minority Entrepreneur Networking Event, featuring Special Guests, Vivek Wadhwa and Pete Engardio.

The Networking Event will be held as follows:

When: Thursday, January 24^th from 6 – 8pm

Where: Bridges Restaurant, Q Arena

1 Center Court, Cleveland, OH

44115-4001

Cost: $20

Reservations: reservations@ccwa.org

216-781-3730 x 102

* Friday, January 25, 2008City Club Forum Presentation, Vivek WadhwaTitle: “Myths and Realities in the Globalization Debate: Why Current U.S. Policies Could be a Competitive Blunder”

The City Club presentation will be held as follows:

When: Friday, January 25^th, 12:00 noon

Where: City Club of Cleveland

850 Euclid Ave
The City

Club

Building, 2nd Floor

Cleveland, OH

44114 Cost: $18 Member $30 Non Member $360 Corporate Table of 8 $280 Non Profit Table of 8

Reservations: 216-621-0082

Space is limited for both events, so we encourage you make reservations at your earliest convenience.

Building upon previous successful global diversity events, the Council is proud to host the Networking Event and co-sponsor the City Club event in an on-going effort to celebrate, connect and support Northeast Ohio’s tremendously talented immigrant and minority entrepreneurs.

Our region’s economic future depends on developing and attracting a diverse, globally-connected, innovative and entrepreneurial community.

The Networking Event for Immigrant & Minority Entrepreneurs and the City Club Friday Forum are being held around the time that people throughout the world will be celebrating the unparalleled contributions of Martin Luther King, Jr., his special connection to Gandhi, and the Republic Day of India.

Please join us for this festive Networking Event on January 24^th, and the enlightening City Club presentation on January 25^th. Help us further our common goal of building an intercultural partnership around the power of entrepreneurship in a global age.

For questions, please contact the undersigned Trustees of the Council, or Mr. Mark Santo, President and CEO of the Cleveland Council on World Affairs at 216-781-3730.

Thank you!

Richard Eastburn, Trustee,

Cleveland Council on World Affairs

Rose Zitiello, Trustee,

Cleveland Council on World Affairs

Richard Herman, Trustee,

Cleveland Council on World Affairs

* * * * * * *BIOGRAPHIES OF SPECIAL GUESTS Immigrant & Minority Networking Event VIVEK WADHWA is the founder of Relativity Technologies. Wadhwa has more than 25 years experience in the software industry. Wadhwa’s Relativity Technologies was named one of the 25 “coolest” companies in the world by Fortune Magazine for its vision in helping businesses recycle legacy systems. He is a founder of the

Carolinas chapter of TIE (Talent, Ideas and Entrepreneurship), a non-profit global network intended to foster entrepreneurship. www.tie-carolinas.org/Home . Wadhwa is a Research Fellow at Harvard University School of Law, an Executive-in Residence/Adjunct Professor for the Pratt School of Engineering at
Duke
University, a frequent contributor at BusinessWeek, and the co-author of the groundbreaking Kauffman Foundation research “America’s New Immigrant Entrepreneurs.” A sampling of Wadhwa’s work can be found at the following web links:

www.kauffman.org/pdf/entrep_immigrants_2_61207.pdf
www.kauffman.org/pdf/entrep_immigrants_1_61207.pdf
www.businessweek.com/smallbiz/content/oct2007/sb20071017_303173.htm Pete Engardio is the Senior International News Editor for BusinessWeek. Prior to joining BusinessWeek, Engardio was a feature editor of Business Korea in Seoul In 1990, Engardio became a BusinessWeek correspondent in the

Hong Kong bureau, where he covered Asian business for six years. From 1999 to 2001, he was editor of the Asian Edition. He is co-author of “Meltdown:
Asia’s Boom, Bust, and Beyond,” published in 2000 by Prentice-Hall. Engardio is a Research Fellow at Harvard University School of Law.

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