O c t o b e r ‘ 0 9 M e m b e r s N e w s l e t t e r

ffef O c t o b e r ‘ 0 9 M e m b e r s N e w s l e t t e r

F U N D F O R O U R

E C O N O M I C F U T U R E

Gund Foundation Commits to Phase 3

2014 28

Northeast Ohio by the Numbers

Sustainable Cleveland 2019 released a list of 28 initiatives as a follow up to its three-day summit

Cleveland has been named the host city for the 2014

Gay Games, beating out Boston and Washington, D.C.

September 24, 2009“All of us chafe at the conflict, the rivalry and the failure to coordinate that too often plague efforts to improve the region. It is especially apparent in the public sector but, truth be told, our sector also has been guilty of putting more emphasis on institutional freedom of action than on aligning resources for greatest impact. The Fund for Our Economic Future began as a bold experiment to change that because the long-term economic crisis in Northeast Ohio demanded dramatic action and because no other sector seemed able to act regionally despite the fact that the economy clearly operates regionally. Northeast Ohio philanthropy stepped into that vacuum and the impact has been impressive by any measure . . .

Despite these early successes, we know that transforming the regional economy requires long-term commitment to changing deeply entrenched systems and, indeed, to changing aspects of our region’s culture. That is also why The George Gund Foundation has recommitted to the Fund – because we recognize that working collaboratively with our colleagues helps to change the overly individualistic culture of philanthropy into a far greater force for good. And in doing that, we also are sending a powerful message of hope and of the need for collaboration to our neighbors throughout Northeast Ohio. We can, if we choose, create a better future by working together... The challenge we set out to meet is more urgent than ever. All of us at The George Gund Foundation hope you will once again join in this vital endeavor.”

Sincerely,

Geoffrey Gund David AbbottPresident and Treasurer Executive Director

David Abbott

* The above paragraphs are excerpts.

The board of The George Gund Foundation met in September and approved the largest commitment to date to Phase 3 of the Fund for Our Economic Future. The George Gund Foundation pledged $4 million to the next three-year phase, which will begin in March 2010. The George Gund Foundation President and Treasurer Geoffrey Gund and Executive Director David Abbott explained their commitment to the Fund in a letter sent to leaders of the region’s philanthropic community:

The George Gund Foundation

216.241.3114

Fax 216.241.6560

1845 Guildhall Building

45 Prospect Avenue West

Cleveland, Ohio 44115

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Daniel E. Berry

MAGNET Names New President

Fund grantee MAGNET, the Manufacturing Advocacy & Growth Network, has announced that Daniel E. Berry has been named its president and chief executive officer. Berry, executive vice president at the Greater Cleveland Partnership (GCP), replaces David M. Fouts, who has served as MAGNET’s president since July 2008. Fouts announced this month that he was leaving MAGNET to pursue other interests. “I look forward to helping MAGNET shape its strategy to help manufacturing companies meet current challenges and identify opportunities for growth,” said Berry. “Even with all its challenges, as we have seen in recent economic reports and studies, the manufacturing sector will continue to be a key economic driver in this region and state.” Fund President Brad Whitehead said the decision to place Berry at the helm at MAGNET demonstrates the business community’s commitment to support MAGNET in its mission to champion the region’s manufacturing sector. Berry will stay an employee of GCP and the plan is for him to return to GCP full-time on July 1, 2010. “The MAGNET Board is excited that Dan Berry has agreed to join MAGNET and provide the kind of strategic planning and dynamic leadership that he has demonstrated over his many years at GCP and The George Gund Foundation,” said Arthur F. Anton, chairman of MAGNET’s board. “We know Dan will take full advantage of the tremendous opportunity he now has to assist manufacturers and the economy throughout our region as MAGNET president.” Berry holds a doctorate in management from the Weatherhead School of Management, Case Western Reserve University, where he was a Mandel Fellow. He earned both bachelor’s and master’s degrees from Kent State University.

Team NEO Adds Director of Minority-Owned Business Attraction Team NEO, the region’s business attraction organization, welcomes Carlos R. Fuentes to its team as the director of minority-owned business attraction efforts. This new position reflects ongoing commitment to work with strategic partners to build the breadth and depth of minority-owned companies across numerous industries in Northeast Ohio. Fuentes has a demonstrated record in marketing, brand management, product development and diversity in the financial services market. Most recently, Fuentes was the vice president of brand management, diversity strategy and international banking at National City Bank. Prior to National City, Fuentes served as the strategic marketing director for the UNO Branding Agency in Minneapolis, MN, and director of multicultural marketing and sales for Vertis Communications in Chicago, IL. A graduate of St. John’s University in Collegeville, MN, Fuentes has a Master of Arts in International Affairs from Ohio University. He resides with his wife and family in Bay Village. The minority-owned business attraction director position has been added to Team NEO as a result of a federal grant secured thanks to the efforts of the late Congresswoman Stephanie Tubbs Jones and Congressman Tim Ryan.

60Northeast Ohio by

the Numbers

Rolls-Royce will add 60 jobs to its fuel cell research division in

North Canton 3.7

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MAGNET Creating Video Programs for Schools Following a successful education program during the 2008-2009 school year, Fund grantee MAGNET is again partnering with Northeast Ohio public television station WVIZ and the Northern Ohio Technology Association (NOTA) to produce six career awareness programs highlighting careers in manufacturing. Last year, more than 3,500 school districts throughout Ohio had access to six interactive presentations highlighting “cool” careers in manufacturing. The 45-minute broadcasts featured leading manufacturers explaining the exciting and well-paying jobs in cutting-edge industries. The panelists included a diverse cross section of employees who have traveled through a variety of career paths to find a home in manufacturing. The six presentations were:

>> MAGNET introduces careers in manufacturing

>> Lincoln Electric on welding

>> MAGNET showcases product design and development

>> Jergens Inc. on tooling

>> Astro Manufacturing on high tech and biomedical manufacturing

>> Lubrizol and SGS Tool highlight careers in engineering

Because of the positive feedback from students, teachers and guidance personnel, WVIZ and NOTA have invited MAGNET to produce another six shows highlighting manufacturing for the 2009-2010 school year. Last year’s programs can be accessed at www.magnetwork.org/education and a compilation DVD with clips from the shows is being distributed to more than 500 educators in the region.

International Delegation Learns About Civic Engagement An international delegation gathered at the Deaconess Community Foundation on October 2 to discuss the Fund’s role in engaging the community to strengthen the region’s economic competitiveness. Individuals from five countries (Czech Republic, Haiti, Saudi Arabia, Sudan and Turkey) hosted by the Cleveland Council on World Affairs met with Deborah Vesy of the Deaconess Community Foundation and Fund Fellow Ashley Basile. “It was a great honor to host this delegation and share the work of the Fund with them,” Basile said. “Everyone involved was amazed at how the region has been able to unite philanthropy around the idea of civic engagement.” The delegation’s hope is to take the insight gained from the U.S. trip back home to replicate similar community programs.

GOOD JOBS WITH GREAT PAY INADVANCED MANUFACTURING

S P E C I A L M A G N E T L E A R N I N G P R E S E N T A T I O N

No matter what you read or hear, manufacturing is stillthe largest industry in Ohio. Advanced manufacturingtoday means robotics, bio-science, fuel cells, and all typesof engineering.

It’s not old, dirty factories anymore, it’s inventing,designing and making cool things like iPods, race cars orparts for the Space Shuttle.

Ohio manufacturers are using the most innovativetechnologies available and offer great pay to employees,averaging $54,000 a year. These well-paying jobs requireknowledge of science, technology, engineering and math.

It’s estimated that there will be 60,000 advancedmanufacturing jobs available in Ohio in the next 10 years.

Whatever their passion—computers, robotics, engineeringor art—students can find a great career utilizing thoseskills in advanced manufacturing.

MAGNET, the Manufacturing Advocacy & Growth Network,encourages you to help students learn about the manychallenging careers available right here, right now inadvanced manufacturing in Ohio. As a state, Ohio is the thirdlargest manufacturer in the country. Without a qualifiedworkforce, Ohio will not be able to maintain this status andhelp our economy compete on a global basis.

MAGNET will present six sessions on advancedmanufacturing careers this school year. This series will kickoff with an introductory session on Tuesday, October 14dispelling the myths about manufacturing as a viable careeroption for today’s students.

DATETUESDAY, OCTOBER 14

TIMES9:00 am – 9:45 am and 10:00 am – 10:45 am

TRANSMISSION MODESNOTA AND STATE IP NETWORKS

Schools interested in participating in this educationalopportunity should contact John Ramicone at216.916.6360 or john.ramicone@ideastream.orgby October 9. Scheduling is on a first call basis.

A total of 8 school sites will be interactive for this session.Other schools may join in a “view only” mode.

A program fee of $75 will be charged to schools not in NOTAmember districts. Please process a purchase order to:

WVIZ/PBS Distance Learningc/o John Ramicone1375 Euclid AvenueCleveland, Ohio 44115

Please fax a copy of thepurchase order number to:216.916.6361.

A CAREER SO HOT, IT’S COOL!

3.7Northeast Ohio by

the Numbers

The University of Akron received a $3.7 million grant to improve

literacy among preschool children

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BioEnterprise and Team NEO are collaborating on an exciting new effort to attract more biomedical companies to Northeast Ohio. The two grantees of the Fund for Our Economic Future launched the latest element of their collaboration this month with a new web site, ClevelandPlusBiomedical.com. The site was launched in conjunction with the Cleveland Clinic Medical Innovation Summit held October 5-7. The site is linked to Team NEO’s ClevelandPlusBusiness.com and BioEnterprise.com. In addition to being a source for Northeast Ohio biomedical news, ClevelandPlusBiomedical.com explains the benefits of having a biomedical company located in Northeast Ohio. The site focuses on four industry clusters: imaging, orthopedics, neurostimulation and cardiovascular. The web site also provides information on Northeast Ohio business resources and incentives to support biomedical companies and entrepreneurs, as well as insight from some of the region’s biomedical success stories. ClevelandPlusBiomedical.com is just one element of the already successful collaboration between Team NEO and BioEnterprise. The partnership has been responsible for recruiting 10 biomedical companies to Northeast Ohio, including ViewRay, Quality Electrodynamics and Proxy Biomedical. Also, the two organizations are working jointly to generate media coverage within biomedical and site selector trade publications. With BioEnterprise’s leadership in supporting the region’s biomedical industry and Team NEO’s success in business attraction, the collaborative effort elevates the region’s ability to deliver a compelling message about the economic benefits of growing a biomedical business in Northeast Ohio. Northeast Ohio is home to 60 hospitals, 30 colleges and universities, as well as strong manufacturing capabilities, that make it an attractive destination for growing biomedical businesses. Emerging new medical assets, ranging from the proposed Medical Mart in Cleveland to the rapidly growing Austen BioInnovation Institute in Akron, and ever-increasing venture investments are making the region an even more desirable location.

Collaboration Promotes Cleveland Plus Biomedical

3 50Northeast Ohio by

the Numbers

Myers Motors in Tallmadge plans to hire 50 more

people to build their new two-passenger electric car

The Cleveland Foundation awarded a $3 million grant to help with

the start-up cost of the Cleveland Center for Arts and Technology

The Fund regularly features Northeast Ohio companies being helped by our grantees. These companies, including the one featured here, are part of the region’s portfolio of growing businesses that are building Northeast Ohio’s economic future.

Proxy Biomedical

Location: Cleveland, OH

Industry: Medical Devices

What makes Proxy Biomedical special:Proxy Biomedical’s aim is to provide medical devices that combine minimally invasive surgery techniques with optimal tissue regeneration. This combined approach to medical device design and development speeds patient recovery while providing a durable result with fewer complications. How the Fund grantees helped Proxy Biomedical:Proxy Biomedical has received support from BioEnterprise and Team NEO. BioEnterprise has assisted Proxy Biomedical on fundraising efforts, networking and development of its corporate infrastructure in the City of Cleveland. Team NEO has assisted in procuring funds for research and market development through the Global Cardiovascular Innovation Center at the Cleveland Clinic, the City of Cleveland and the Ohio Department of Development.

Why Northeast Ohio is good for Proxy Biomedical:Access to partners, customers and workforce is critical to Proxy Biomedical’s success. Establishing U.S. operations in Northeast Ohio allows Proxy Biomedical to take advantage of critical product development support and clinical trials that will enable accelerated growth and service to the world’s largest market, the United States. Proxy Biomedical also considered other regions with strong life science clusters for this expansion, but ultimately chose Northeast Ohio because of the region’s leading health care and educational institutions, such as the Cleveland Clinic and University Hospitals, and because of the State of Ohio’s strong commitment to the biomedical industry.

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Laura Steinbrink ended her two-year affiliation with the Fund for Our Economic Future at the end of September to focus on building a consulting business, Humanity’s Loom, which helps commercial, nonprofit and residential property owners with sustainable building strategies. Laura joined the Fund in 2007 as director of regional partnerships, working to expand the region’s support for and engagement in Advance Northeast Ohio. Earlier this year, she shifted to a part-time consulting role working on three projects for the Fund: the Regional Prosperity Initiative, the Ag-Bio Industry Development grant and the Low-Skilled Workers Assistance research project. “I’ve enjoyed the opportunity to work with the Fund because it is such a dynamic, forward-looking and ground-breaking organization,” Steinbrink said. “I was buoyed by the passion the collective group has for collaboration and risk-taking. And I believe I am living the Fund’s mission by taking the risk of launching my own business. I wish the Fund continued success and hope to find ways to associate with its members in a new way in the near future.” Fund President Brad Whitehead said Steinbrink helped build much broader support of Advance Northeast Ohio across the region’s 16 counties. “Thanks to Laura’s determination and energy, more than 80 individuals and organizations are partners in Advance Northeast Ohio,” he said. “And the three projects that Laura shepherded are moving forward and promise to play an important role in strengthening our region’s economic competitiveness.” He said the Fund’s Engage and Empower Committee will evaluate how the Fund should deploy its resources to continue to strengthen regional support for economic competitiveness priorities of Advance Northeast Ohio.

Steinbrink Launches New Business, Ends Role With Fund

380,000

121,000

Northeast Ohio by the Numbers

The Lorain County Commissioners approved $121,000 in grants

to six companies, which will be used to train and provide workers

with additional skills

Lorain County Community College received a $380,000 grant

from the Dept. of Education to help displaced workers enter

the job market

Laura Steinbrink