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Report to Council 2016

Department of Economic Development

The new University Hospital Rainbow Center for Women & Children will locate at East 59th and Euclid on Cleveland's Health Line. The shovel-ready site was

assembled and sold by the Department of Economic Development.

2016 Report to City Council Page 2


CLEVELAND CITYWIDE DEVELOPMENT CORPORATION All loans over $40,000 go through a rigorous underwriting review by the Cleveland Citywide Develop-ment Corporation (CCDC). CCDC consists of members appointed by the Mayor & City Council and includes bankers, local community members, business representatives and appointed officials. The loans first are reviewed by the Loan Committee and then go for final review by the Board of Trustees.

BOARD OF TRUSTEES

Frank G. Jackson, Mayor City of Cleveland

Stefan J. Holmes, Sr. Vice President First Merit Bank

Anthony Brancatelli, Councilman Cleveland City Council Dale R. Lenzer, VP Business Banking

Citizens Financial Group, Inc.

Dr. Melissa Burrows, Director Cleveland-Office of Equal Opportunity

Gerald Meyer, Community Member

Roger A. Carney, CPA Community Housing Solutions

Tracey A. Nichols, Director Cleveland- Dept. of Economic Development

Freddy Collier, Director Cleveland-City Planning

N. Michael Obi, C.E.O. Spectrum Global

John P. Colm, Executive Director Wire-Net Patricia Ramsey, VP Comm. & Econ. Dev.

Fifth Third Bank

Michael Cosgrove, Acting Director Cleveland- Dept. of Community Development William J. Reidy, Retired Partner

Coopers & Lybrand

David Ebersole, Assistant Director Cleveland-Dept. of Economic Development

Daryl Rush, Director Cleveland- Dept. of Community Development

Luke D. Elsass, Vice President First National Bank

Jenny Spencer, Managing Director Detroit Shoreway CDO

Colleen Gilson, Vice President Cleveland Neighborhood Progress, Inc. Natoya Walker Minor, Chief of Public Affairs

City of Cleveland

Juan Hernandez, Director of Business Dev. Growth Capital

Henry West, Retired Banker

LOAN COMMITTEE

Anthony Brancatelli, Councilman Cleveland City Council Dale R. Lenzer, VP Business Banking

Citizens Financial Group, Inc. Peter Constantino, Partner Cohen & Company

Leonard E. Olsavsky, Vice President U.S. Bank

David Ebersole, Assistant Director Cleveland-Dept. of Economic Development Shawn Ondrejko, Vice President

Citizens Bank

Randy Horst, Vice President PNC Bank

Jeffrey T. Verespej, Executive Director Old Brooklyn Community Development Corp.


Department of Economic Development SUCCESS STORIES : Health-Tech Corridor

E. 55th Street Railroad Bridge Beautification Crossing above the intersection of Euclid Avenue and East 55th Street, a once rusty grey railroad bridge has been given a bright, colorful makeover, transforming it into a symbol of the innovative health-tech and high-tech economy that is emerg-ing in MidTown Cleveland and the Health-Tech Corridor. Displayed on the bridge, alongside a graphic of DNA molecules, are the logos of the stakeholders and partners leading this transfor-mation,: the Health-Tech Corridor, MidTown Cleveland, the City of Cleveland, BioEnter-prise and the Cleveland Foundation. The City provided a $218,445 grant to MidTown Cleveland, Inc., who oversaw the completion of this $225,000 marketing and branding project. JumpStart, Inc. – Health-Tech Corridor Attraction Fund The Health-Tech Corridor Attraction Fund is a significant step in strengthening the at-tractiveness of the HTC by providing flexible financial resources to innovation driven technology companies and building upon the existing innovative capacity of the HTC. Stakeholders, including the City of Cleveland, several local developers, and the Cleveland Foundation, have provided seed funding which was matched by the State of Ohio’s Third Frontier program on a dollar for dollar basis. JumpStart, a nationally recognized business accelerator, will administer the $2 Million fund with capital investments in innovative technology companies ranging from $100,000 to $500,000. This fund will create a market-able competitive advantage and differentiate the HTC as a place where stakeholders sup-port a unified vision for an ecosystem of innovation, which will both attract new compa-nies and help the growth and retention of existing companies. The City contributed a $200,000 recoverable UDAG grant. The fund is expected to create over 50 full-time equivalent jobs over the next 5 years. The unique partnership between public, private and philanthropic organizations is a first for the city. Environmental Assessment – E. 66th and Euclid Ave. ICLB The Industrial Commercial Land Bank (ICLB) contracted with environmental profession-als to conduct a Phase I and II environmental assessment to identify potential Brownfield issues at the corner of E. 66th and Euclid Avenue at a cost of $40,035. The 1.72 acre site is being positioned for redevelopment, continu-ing a strategic initiative by the Department to assess and clean-up brownfield sites through-out the HTC. To date, approximately 47 acres have been assessed with 31 acres cleaned. The goal is to have shovel-ready land ready for the next project, as the HTC attracts new invest-ment, companies and jobs.


Department of Economic Development SUCCESS STORIES: Retention

Dealer Tire Victory Building Dealer Tire is a longstanding Cleveland business, engaged in fa-cilitating transactions between tire makers, au-to manufacturers, and auto dealerships current-ly located in 5 buildings in Midtown. They had outgrown their space and

began looking for vacant land or a building to serve their current and future employment needs and to become their headquarters. The City team recognized that there were few stand-alone properties that would work for Dealer Tire’s needs. Suburban locations could offer land for a large surface parking lot, versus city sites that require structured parking at a much higher cost. The Victory Building at 7012 Euclid Avenue was identi-fied as the ideal space for their future growth. In addition to the renovation of 165,000 S.F., the developer, Victory Midtown, LLC will construct a parking garage to support Dealer Tire’s employee parking needs. The City is providing an incentive package that includes TIF, low-interest loans and grants totaling over $6.5 Million, mostly to help write down the costs of the parking garage construction. This project maintains Dealer Tire’s over 400 employees and over $50 Million payroll, while providing a long-term home for their future growth, expected to create at least 100 jobs over the next five years. Abeona Therapeutics Abeona Therapeutics is focused on developing and delivering gene therapy and plasma-based products for severe and life-threatening rare diseases. Abeona’s first drug is de-signed to treat Sanfilippo syndrome, a progressive disorder shortening a child’s life ex-pectancy to 10-20 years. Abeona had a recent successful exit and was purchased by a medical technology company from Texas, who agreed to keep Abeona’s name and keep the company in Cleveland. Along with their offices, Abeona will develop one of the first private gene manufacturing facilities in the country at 6555 Carnegie Avenue (Midtown Tech Center III), in the Health Tech Corridor. To assist with the develop-ment of the $6 Million, 4,000 sq. ft. gene manufacturing facility, the City is providing an $180,000 VPI Forgiv-able loan and $250,000 EDA Ma-chinery and Equipment loan. Abeona is committed to creating 37 full-time equivalent jobs over a 5 year period.



SUCCESS STORIES Transit Village—Tax Sharing Agreement & Boundary Adjustment with Shaker Hts This year, the City of Cleveland and the City of Shaker Heights adjusted the municipal boundary line transfer-ring 8 parcels, which constitute approximately 2.3 acres, from Cleveland to Shaker Heights. The City of Shaker Heights owns the parcels, and they have long sat vacant. In that area, the municipal corporation boundary does not follow parcel lines, and, as a result, these parcels were located partially in Cleveland and partially in Shaker Heights. Their location in two cities has been an impediment for development, since each jurisdiction has authority over permitting and the ad-ministration of taxation. Under Ohio Revised Code 709.37, the municipal boundaries for uninhabited par-cels may be adjusted through a mutual agreement between the cities. Cleveland and Shaker Heights’ City Councils both passed ordinances in December 2015 approving the adjustment of the boundary line and the transfer of the parcels. To compensate the City of Cleveland for the boundary adjustment, Cleveland and Shaker Heights entered into a Tax Sharing Agreement to share in the income and property tax revenue that will be generat-ed from the parcels. In concert with improvements to the Blue Line, Shaker Heights ex-amined opportunities to conduct transit-oriented de-velopment surrounding rapid transit stops. These parcels have been targeted for a townhome redevel-opment and designated a Community Reinvestment Area to incentivize new housing construction and investment. Entering into this Tax Sharing Agree-ment and adjusting the municipal boundary has al-lowed for the creation of a housing development that will benefit both the City of Cleveland and the City of Shaker Heights in this historic Moreland neigh-borhood. Cleveland Business Park Three/Expeditors International Cleveland Business Park Three, LLC (Chelm Properties) attracted Expeditors Interna-tional Washington, a global logistics company headquartered in Seattle, to open an office at 18209 Cleveland Parkway in the Cleveland Business Park. Under the VPI program,

the City will assist by providing a for-givable loan in the amount of $180,000 for renovation of 12,150 S.F. of office space and a new state-of-the-art 1,700 S.F. training room at a total cost of $446,000. Expeditors will bring at least 50 jobs to the City.



SUCCESS STORIES Bialosky and Partners Architects Established in 1957, Bialosky and Partners has grown from one drafting table into a multi-generational, award-winning architectural and design firm. Their nationally acclaimed portfolio in residential, commercial, industrial, and recrea-tional projects includes the headquarters for Parkwood Corporation, American Greetings, and Progressive Insurance. The business has out-grown their current space. The City assisted Bialosky’s retention and relocation to 6555 Carnegie Avenue, part of Midtown Tech Park, with an $80,000 VPI forgivable loan and $40,000 NDP grant to assist in the $1.2 Million design and build-out of 10,400 S.F. on the second floor of the building. Bialosky and Partners has committed to retain 34 full-time jobs and create an additional 8 jobs over the next 5 years. Metropolitan Coffee & Hash House Metropolitan Coffee & Hash House purchased the vacant Broadview Food Mart, at 4744 Broadview Road in the Old Brooklyn neighborhood and plans to redevelop the building as a coffee shop and break-fast restaurant. Under the VPI program, the City is assisting with a forgivable loan in the amount of $70,000 for plans to remodel the existing building and upgrade the parking lot with a total cost of $305,000. Metropolitan Coffee & Hash House will create at least 4 new jobs. Gypsy Brewery Gypsy Real Estate Holding LLC has purchased a vacant, 120,000 S.F. building located at 3506 Vega Avenue. The building, built in 1858, housed the former Leisy Brewing Com-pany. The brewery closed in 1958 as a result of consolidation in the brewing industry. The current owners are bringing beer brewing back in the form of a “contract brewing facility”, as part of the first phase of the renovation of the structure. The facility will brew beer on a contract basis for small breweries from outside the region that are grow-ing but cannot afford to invest in equipment but are looking to enter into the Cleveland

market. The facility occupies 10,000 S.F. of the building. The total project cost is approximately $1.2 Million. The city provided a $180,000 forgiva-ble loan through the Vacant Property Initiative and $200,000 loan from the EDA Title IX Program for the brewing equipment. The project will create a minimum of 31 new jobs.



NINETWELVE District Initiative A public-private partnership came together to re-brand this blighted area that was once the hub of the downtown area and worked to plan for its re-newal. Several properties that were purchased and renovated in 2012—2013 have helped attract new tenants to the area. Asurint Asurint, a growing technology-based company formed in 2004, is the developer and designer of an integrated system of background screening products, including technology used in drug testing, that serves public and private corpo-rations. The 12-year old company outgrew their 12,000 S.F. space in the Playhouse Square District. The City approved a $180,000 Vacant Property Initiative forgivable loan, a $100,000 UDAG forgivable loan, and a Job Creation Incentive Program grant in the amount of $155,000 to offset the costs of tenant improvements at 1111 Superior Avenue. Total project costs are $1.34 Million. The landlord is investing an additional $1.1 Million in construction and renovation costs to the vacant space. Asurint is projected to grow from 104 full-time jobs to 224 jobs with an estimated payroll of $12 Million by 2018. They recently made the “Inc. 5000” list of fastest growing companies at #2,581, one of the top 10 rankings for Cleveland companies.

925 Building The 925 Building spans just over 1.4 Million S.F., including the im-mense lobby, lower-level retail corridors and office space. It is currently 92% vacant. It was com-pleted in 1924 as the headquar-ters for Union Trust, then a major U.S. bank. Its architects also de-signed Terminal Tower. The lob-by features enormous marble Co-

rinthian columns, barrel vaulted ceilings, and colorful murals by Jules Guerin. The building was bought in June 2015 by Hudson Holdings. They plan to renovate the build-ing to include 580 full-sized apartments plus 93 micro-apartments – small living spaces available to companies and workers participating in a business incubator planned for the building's sixth floor. The plans also call for a 279-room hotel, almost 200,000 S.F. of of-fices, a fitness club and retail space. The building's ornate, L-shaped bank lobby – often described as the world's largest – will function as an events space and lobby for the apart-ments and the hotel. The Ohio Development Services Agency awarded a $25 Million “catalytic” historic tax credit in a state-wide competition. The project is estimated to cre-ate 1,500 construction and 1,800 permanent jobs.

SUCCESS STORIES: Nine Twelve District


Department of Economic Development VACANT PROPERTY INITIATIVE

In the past 8 years, 87 vacant properties were returned to productive use and over 4,700 jobs were to be created due to this important initiative. Vacant land and buildings collect trash & graffiti, are attractive nuisances, act as a blighting influence, erode value and discourage investment in neighborhoods. Vacant buildings are often tax delinquent and are more likely to have police and fire calls, using valuable city resources and costing more than the properties bring in from taxes, burdening other tax payers. To date, over 3.6 Million square feet of vacant space and 105 acres of vacant land have been redevel-oped through the program, reversing sprawl and showing investment in our community.

Empire Paving Empire Paving, a locally owned and operated paving contractor serving the Cleveland area, approached the City with plans to purchase and redevelop the long vacant site lo-cated at 2910 W 3rd Street from the ICLB. Empire intends to create a new asphalt facil-ity, using recycled materials to make asphalt production a greener process. The City is providing a $180,000 VPI loan for the development.

Year Borrower City Assistance

Total Project Cost

Jobs to be Created Jobs Retained

2008 9 Loans $10,122,500 $58,730,673 2,279 75 2009 16 Loans $9,970,000 $112,946,629 306 173 2010 4 Loans $340,000 $2,565,000 18 1,224 2011 12 Loans $3,795,000 $103,993,970 672 268 2012 7 Loans $1,023,275 $20,278,656 218 95 2013 20 Loans $2,780,000 $131,699,610 465 136 2014 7 Loans $845,000 $256,368,276 439 48 2015 Abeona Therapeutics, Inc. $430,000 $6,000,000 37 0 2015 Asurint $180,000 $1,340,000 60 104 2015 Bialosky and Partners Architects $120,000 $1,200,000 8 34 2015 CBGC $330,000 $625,000 7 0 2015 Cleveland Bricks $180,000 $436,000 25 0 2015 Cleveland Business Park Three $180,000 $446,438 50 0 2015 Empire Paving $180,000 $288,954 35 0 2015 Fabco Flats $35,000 $1,012,500 7 0 2015 Grow Lorain $70,000 $92,900 7 3 2015 Gypsy Brewery $180,000 $585,000 25 0 2015 Left Side Developments $70,000 $4,126,000 7 0 2015 Metropolitan Coffee & Hash House $70,000 $305,000 4 0 2015 Ohio Awning $140,000 $300,000 14 0 2015 OLM LLC $70,000 $4,795,141 7 0 2015 Slavic Village Development $40,000 $90,000 4 0 2015 The Beauty Shoppe, LLC $780,000 $3,000,000 50 0

$31,930,775 $711,225,747 4,744 2,160


Department of Economic Development VACANT PROPERTY INITIATIVE

Cleveland Bricks Cleveland Bricks, a residential construction and property management company, relocated its headquarters from In-dependence to 1925 St. Clair Avenue. The second story will hold offices for Cleveland Bricks and five other committed tenants including Rebiz, The Wireless Center, Mobile Center, Blink Marketing & Signs, and Yellowlite. The first story will be rented out to other businesses. The 6,000 S.F. basement will include a cafeteria, storage space, and gym. The total project cost for this renovation is $436,000. The City provided a VPI Loan of $180,000. Cleveland Bricks will bring an additional 25 jobs to the City. Ohio Awning After the successful completion of the Fairmont Creamery project, Sustainable Community As-sociates embarked on their second development project in Cleveland. As part of the redevelop-ment of the historic Ohio Awning Building lo-cated at 2658 Scranton Road, the development team sought the assistance from the Depart-ment of Economic Development to help pur-chase vacant property adjacent to the develop-ment project, which will be turned into public parking for up to 63 vehicles. The combined to-tal project cost for the property located at the corner of Scranton Road and Auburn Ave-nue is $300,000. The City of Cleveland provided a Vacant Property Initiative Local Parking Needs Loan in the amount of $140,000. The project will create a minimum of 14 jobs within three years and provide public parking for an area where there is a lack of parking.

Our Lady of Mercy Church MCM Company, Inc. is undertaking a redevel-opment of the former Our Lady of Mercy Church located at 2425 West 11th Street into an office building for several tenants. The building was vacant for over 7 years and will be renovated to include an onsite fitness cen-ter, game room and a large shared conference room. The site also includes bike racks, high efficiency heating and cooling systems, LED lighting and 50 secure onsite parking spaces. Total project cost is approximately $4.7 Mil-lion. The City of Cleveland provided a Vacant Property Initiative Loan in the amount of

$70,000 to pay for acquisition costs. The project will create 7 jobs within three years.



SMALL BUSINESS INITIATIVES : Partner Funding Economic and Community Development Institute (ECDI) In 2012, ECDI was recruited to Cleveland after a study of credit availability found that there is an estimated $38 Million of unmet loan demand annually in Cuyahoga County. The Economic and Community Development Institute, a U.S. Treasury designated CDFI mi-cro lender, is a non-profit organization providing micro lending and technical assistance. The City provided $200,000 to ECDI to structure microloans to small businesses in Cleve-land that would not be eligible for traditional bank funding. A portion of the funding ($50,000) is specifically geared toward immigrant and refugee businesses. ECDI’s lend-ing efforts in 2015 have resulted in the following: 82 loans to small businesses, 22 in the City of Cleveland $1,731,005 of capital investment, $850,600 to Cleveland-based businesses 50 loans to female-owned businesses, 14 in the City of Cleveland 42 loans to minority-owned businesses, 15 in the City of Cleveland 6 loans for immigrant / refugee businesses, 4 in the City of Cleveland 118 jobs created, 51.5 in the City of Cleveland 138.5 jobs retained, 56 in the City of Cleveland 40 entrepreneurs received technical assistance, 3 in the Food Incubator Program.

Grow Cuyahoga County Fund The Grow Cuyahoga County Fund is a partnership be-tween the City of Cleveland, Cuyahoga County and the Grow America Fund, Inc., a subsidiary of the National Development Council. The partnership works to identify

small business with potential to grow and create jobs. The Fund provides loans from $100,000 to $3.4 Million at or below market rates with longer loan terms, up to 25 years. In 2015, the Grow Cuyahoga County Fund approved 4 loans to 4 businesses for a total of $1,107,000. Two of the businesses were located in the City of Cleveland and included Un-dercar Express; and AMLCO Group LLC. The loans leveraged $850,000 of additional funds creating 10 new FTE jobs and retaining 90 FTE in the City of Cleveland. City funds leverage a minimum of $5 for every $1 in City loan funds for City businesses. Goldman Sachs 10,000 Small Businesses Goldman Sachs 10,000 small businesses is an edu-cational program for small businesses. Through the program, business owners gain skills in nego-tiation, marketing, management, and they receive customized growth plans to take their businesses to the next level. The program also partners with Community Development Financial Institutions to provide access to capi-tal. 10,000 Small Businesses is administered through Cuyahoga Community College and has completed 10 cohorts since 2013, their first year in Cleveland. In 2015, 10,000 Small Businesses completed 3 cohorts, graduating a total of 94 businesses, including 40 female-owned and 14 minority-owned businesses.



SMALL BUSINESS ASSISTANCE : Neighborhood Retail

Payne Commons Payne Commons is a minority-owned retail building located at 3710 Payne in the Asia Town Neighborhood. Payne Commons utilized financial assistance from the Neighborhood Retail Assis-tance Program (“NRAP”) in the amount of $40,000 to assist with the $100,000 project. The NRAP funds will be used to assist with construction, renovation, soft costs associated with the build out of retail space and up-grades to the parking lots for the small retail building. These improvements helped to fill one of the last remaining storefronts in the commercial building. Han Chinese Kabob and Grill opened in the building, creating 5 full-time equivalent jobs.

Loan Recipient Ward City Assistance

Total Project Cost

Jobs to be Created

Jobs Retained

Dynomite Uptown LLC dba Dynomite Burgers & Sushi 6 $ 40,000 $ 160,000 10 0

C’est Macaron LLC 3 $ 27,000 $ 30,000 1 0

Ushabu LLC 3 $ 40,000 $ 150,000 3 0

Luciano Restaurant Inc. dba Sainato’s 3 $ 40,000 $ 60,000 4 4

Utopia LLC dba Alley Cat 3 $ 40,000 $ 600,000 25 0

Weenie World LLC dba Weenie A Go Go 3 $ 16,000 $ 18,000 4 0

Payne Commons LLC 7 $ 40,000 $ 100,000 5 0

Jessica’s Gallery LLC 6 $ 9,000 $ 10,000 1 0

PM Group LLC dba Vita Urbana 15 $ 40,000 $ 88,000 9 0

Restore Cold Pressed LLC 5 $ 25,000 $ 150,000 6 0

Total $ 317,000 $ 1,506,000 68 4

The City of Cleveland is one of the few cities in the nation to provide loans to restaurants and retail. The City’s goal is to help make Cleveland a great place to live, work, play and raise a family. The projects we fund both add to our quality of life and provide entrepre-neurs with a funding source to create local jobs. The Neighborhood Retail Assistance Pro-gram also coordinates with our Gardening for Greenbacks program, providing local chefs with access to local food and the Culinary Launch Incubator, helping new businesses find permanent space.


Department of Economic Development SMALL BUSINESS ASSISTANCE : Neighborhood Retail

Dynomite Burgers and Sushi Chef Zachary Bruell teamed up with John and James Catanese of Catanese Classic Seafood to establish Dynomite Burgers & Sushi. The project opened Spring 2015 at 11500 Euclid Avenue as part of the new Uptown develop-ment. The new restaurant features a selection of burgers in addition to a variety of fresh su-shi. The menu concept offers a hip and cool but inexpensive place to eat and network with fellow co-workers, students, and friends in one of the region’s fastest growing neighborhoods. Total project costs are $300,000. The City assisted with a loan in the amount of $40,000 to close the gap on financing. The pro-ject has created 10 jobs with a total new payroll of $250,000.

Ushabu Ushabu is a female, minority and im-migrant-owned Japanese restaurant slated to open at 2173 Professor Ave-nue in early 2016. The restaurant will serve shabu-shabu, a Japanese style of dining similar to fondue, which features hotpots at the table for patrons to cook their own fresh

meat, seafood and vegetables in a selected style of broth, all accompanied by a variety of dipping sauces. The restaurant will occupy 800 S.F. of first floor retail space. The City partially funded the construction/renovation, acquisition of machinery, equipment, furni-ture & fixtures with a $40,000 loan. Total project costs are approximately $150,000. The restaurant will create 3 full-time equivalent jobs with an estimated payroll of $90,000. Sainato’s Sainato’s, an Italian restaurant located at 1852 Columbus Road, serves pizza, pasta, calzones, salads and other classic Italian-American dishes. The restaurant is owned by Luciano and Carmela Saina-to. The City of Cleveland provided a $40,000 loan to finance costs associated with their expansion. Project expenses include renovation, acquisition of restau-rant equipment, furniture & fixtures and other eligible costs under the program. Total project costs are approximately $60,000. As part of the expansion, Sainato’s will create 4 full-time equivalent jobs.


Department of Economic Development SMALL BUSINESS ASSISTANCE : Neighborhood Retail Alley Cat Oyster Bar Alley Cat Oyster Bar is part of the newly developed East Bank of the Flats. Again, Chef Zachary Bruell teamed up with the Catanese brothers of Catanese Classic Sea-food to open his 10th restaurant in the City of Cleveland. Alley Cat Oyster Bar is considered to be the flagship restaurant for the Flats East Bank development, located at 1056 Old River Road. The new restaurant features a variety of fresh seafood as well as oysters, clam chowder and many signature seafood entrees. The restaurant’s location abuts the new boardwalk and occupies 8,500 S.F. of space in a two-story building with outdoor patios on both floors that overlook the river and Lake Erie. The City of Cleveland provided a $40,000 loan to assist with the $600,000 project to acquire restaurant equipment, furni-ture & fixtures for the new restaurant. Alley Cat is required to create 25 full-time equiva-lent jobs with an estimated payroll of $300,000.

Weenie A Go Go Weenie A Go Go is a gourmet hotdog diner set to open in the Ohio City neighborhood early 2016. The start-up female-owned business is operated by Jessica Johnson. The new location will be in the first-floor retail space at 1836 West 25th Street, for-merly occupied by a vintage retail store. Her product, gourmet hotdogs, are served fresh with buns made from Orlando Bak-

ery, sauerkraut from Cleveland Kraut and hot dogs made in Ohio City. Weenie A Go Go received a loan in the amount of $16,000 from the Neighborhood Retail Assistance Pro-gram. The project is expected to result in the creation of at least 4 new full-time equiva-lent jobs. Jessica’s Gallery Jessica’s Gallery is an art gallery that started as a home-based business and now has a 600 S.F. retail shop on the ground floor of the historic Tudor Arms Hotel building located at 10660 Carnegie Avenue. The owner, Jessica Maron, uses the space to display and sell her own art, in addition to work by other local artists. The new business received a $9,000 City loan. Total project cost was $10,000. The project resulted in the creation of 1 new full-time job.



SMALL BUSINESS ASSISTANCE : Neighborhood Retail Al’s Deli Alphonso Mitchum, a minority, second generation entrepreneur, owns a neighborhood “corner store” that was established by his father in 1969 located at 10604 Superior Avenue in the heart of the Glenville Neighborhood. The store currently sells groceries, hot coffee, fresh pastries, toiletries, napkins, soap and other products. Many of the residents walk to the store or take public transportation to get their goods and services. The City assisted with a $23,000 S.B.R.L. Fund Recoverable Grant and $12,000 Ward

9 Casino Fund Grant to renovate the exterior of the brick building, add exterior LED lighting and incorporate new signage. Total project costs are estimated at $39,971. The project will retain 3 jobs with a total estimated annual payroll of $65,000 and create 1 job with an estimated payroll of $20,000. Restore Cold Pressed Restore Cold Pressed is a new organic cold-pressed juice café, located in the Playhouse Square district. The new business is owned and operated by Christie Pritt and Adam Wright, both Northeast Ohio natives who recently moved back to Cleveland from New York City. The café serves healthy, organic dishes such as oat bowls and avocado toast. The new space boasts a welcoming atmosphere to enjoy healthy vegetable and fruit juices while offering Wi-Fi, study space for CSU students, and a gathering place for nearby residents. Restore Cold Pressed received a City loan in the amount of $25,000, with a total project cost of $150,000. The project resulted in the creation of 6 new full-time equivalent jobs in the City of Cleveland.

Vita Urbana Vita Urbana is a new gourmet food market, coffee shop and bistro at 1200 West 76th Street. It is located on the first floor of the recently renovated “Shoreway” apartment building in close proximity to the Battery Park neigh-borhood in Detroit Shoreway. The gour-met market will feature a selection of fresh vegetables and fruits. Vita Urba-

na received a loan in the amount of $40,000. The project will create at least 9 new jobs.



SMALL BUSINESS ASSISTANCE : Neighborhood Retail

Tonda Lanton Gant Tonda Lanton Gant, a minority fe-male entrepreneur, owns a 1920’s re-tail building located at 1204-1212 E. 105th Street in the Glenville Neigh-borhood. She has utilized a $23,000 S.B.R.L. Fund Recoverable Grant and $12,000 Ward 9 Casino Fund Grant to renovate the exterior of the building. The single story structure contains 5 commercial storefronts which are all currently leased to locally-owned small businesses that provide services and goods to the neighborhood. The businesses include a small grocer, barber shop, beauty salon, community resource center run by Bethany Church and a café. The exterior reno-vation included brick repair, new lighting and awnings.

StartMart StartMart opened its doors in September 2015 in the 35,000 S.F. second floor of Ter-minal Tower in Downtown Cleveland as an entrepreneurial hub for the City’s startup community. StartMart is the second larg-est co-working space in the country, cur-rently housing 18 startups with a member-ship of approximately 60 people. The City of Cleveland provided a $40,000 grant un-der the Neighborhood Development Pro-gram to assist with the acquisition of office equipment, furniture & fixtures to be used towards the furnishing of the space. Total project costs are $70,000. By providing en-trepreneurs and startups low cost co-working space and flexible arrangements for office space, StartMart has centralized the workspace of entrepreneurs. StartMart not only pro-vides networking opportunities to the entrepreneurs but also the space to grow and ex-pand as needed. Other critical resources under the startup accelerator include: profes-sional services, telepresence technology, startup events, networking and capital. Created by the Cleveland-based startup accelerator and venture fund, Flashstarts, the density and diversity the StartMart model provides to Cleveland’s startup and co-working com-munity has the capacity to transform our City’s growing entrepreneurship ecosystem and catalyze job creation, investment and further development in our community.

SMALL BUSINESS ASSISTANCE : Entrepreneur Support



2015 JOB CREATION INCENTIVE PROGRAM The Job Creation Incentive Program (JCIP) is utilized to attract or retain businesses. The program provides a valuable tool to compete with similar products in suburban com-munities. Total expected value of the incentive is shown below, however the amount paid is based on actual new payroll, verified annually.

PIRHL PIRHL is a developer, general contractor, and own-er of affordable high quality senior, single and multi-family housing that has been recognized nationally as one of the Top Affordable Housing Developers and as the 13th fastest growing privately-held com-pany in Northeast Ohio by Crain’s Cleveland Busi-ness. Pirhl outgrew their headquarters in Warrens-ville Heights and identified 9,000 sq. ft. of vacant space at 800 W. St. Clair Avenue to accommodate the expansion of their operations. The City provided a JCIP grant in the amount of $40,000 to reduce costs associated with their relocation. The company relocated 25 full-time employees with a payroll of $2.1 Million to the City and will create an additional 6 jobs over the next three years. The costs to renovate their new office space were approximately $275,000. Everykey, Inc. Everykey, founded in 2013, designed a wearable that functions as a Master Key to your phone, computer, online accounts, and more. When your personal Everykey is close to one of your devices, it connects by Bluetooth and unlocks the device then re-locks it when it is

out of range, eliminating the need to input complicated passwords or keys. Everykey will move their current staff of 3 from Lakewood to 1988 Ford Drive. The company ex-pects to add 14 employees and grow to a $1.2 Million pay-roll by 2019. The City of Cleveland will provide a grant of up to $19,405 under the JCIP program.

Client Name Jobs Created Jobs Retained City Assistance

Everykey, Inc. 17 0 $14,405 StreamLink Software, Inc. 135 38 $131,250

NPA Coatings, Inc. 25 139 $12,650 GCA Services Group, Inc. 30 67 $32,000

Pirhl LLC 31 0 $40,000

Asurint 120 104 $155,000

Fox Sports Ohio 32 0 $77,425

Gabriel Partners 50 75 $37,500

Total 440 423 $500,230



2015 LOANS /GRANTS UNDER $250,000 Under Ordinance 90-10 the Department of Economic Development may enter into loan or grant agreements for financial assistance for projects up to $250,000 with the approval of the Cleveland Citywide Development Corporation (CCDC), the Mayor and the Councilperson in whose ward the project is located. The loans are thoroughly vetted by both the Loan Committee and the Board of Trustees of the CCDC, and the grants are reviewed for impact to the community by the CCDC Board of Trustees. Annually, the Department must report these loans and grants to City Council. Below is the activity for 2015.

Borrower Program City Funding

Total Project

Cost

Jobs Created

Jobs Retained

1318 W 58th LLC NDP $6,410 $26,410 20 0 Alphonso Mitchum dba Al's Deli SBRL $23,000 $39,971 1 3 Ariel International Center, LLC NDP $16,000 $16,200 12 6 Barrio Commissary NDP $15,040 $15,040 25 0 Bialosky and Partners, Architects, LLC NDP $40,000 $55,000 0 0 Bialosky and Partners, Architects, LLC VPI $80,000 $1,200,000 8 34 CBGC, LLC VPI $200,000 $625,000 7 0 Certified Aircraft Maintenance LLC EDA $179,756 $540,000 6 35 Cleveland Bricks, LLC UDAG $180,000 $436,000 25 0 Cleveland Business Park Three, LLC VPI $180,000 $446,438 50 0 Cleveland StartMart, LLC NDP $40,000 $70,000 5 0 Columbus Road Foundry, LLC NDP $40,000 $40,000 1 0 Community Cooperative Development NDP $40,000 $60,000 15 0 Crooked River Partners—6512 Carnegie NDP $40,000 $40,000 0 0 Empire Paving VPI $180,000 $288,953 10 0 Fabco Flats LLC VPI $35,000 $1,012,500 7 10 Green City Growers Cooperative UDAG $120,000 $525,000 5 32 Grow Lorain LLC VPI $70,000 $92,900 7 3 IRG - Warner Swasey NDP $20,000 $25,000 1 0 OCI: Koulo’s Marketplace—4700 Bridge NDP $10,000 $10,000 1 0 Metropolitan Coffee & Hash House, LLC VPI $70,000 $305,345 4 0 Ohio Awning Grant Lender Inc NDP $40,000 $40,000 0 0

OLM LLC VPI $70,000 $4,795,141 7 0 Slavic Village Development VPI $40,000 $90,000 4 0 Slavic Village-6305 Fleet Ave. NDP $2,500 $2,500 0 0 Tonda Gant Lanton SBRL $23,000 $26,875 1 15

$1,760,706 $10,824,273 222 138



“Policy, Programs and Incentives to Improve Community, Economy and Environ-ment with Urban Agriculture and a Local, Sustainable Food System.”

In the summer of 2012, the City revised the Gardening for Greenbacks Program by increasing grant amounts up to $5,000 per eligible business. The increase in grant funding is due to a financial grant contribution of $135,000 to the program by CoBank, AgriBank, and Farm Credit Mid-America. These entities decided to contribute to the program due to its focus on Economic Development and their belief that Cleveland is a leader in the area of urban gardening. Each year, City staff collects data on both revenue and pounds raised from each urban farm. Maggie’s Farm Maggie’s Farm is a female-owned urban farm that ex-panded its operations at 3164 W. 61st Street in the Clark-Fulton neighborhood. Through the use of a $5,000 Gardening for Greenbacks grant, Maggie’s Farm installed two high tunnels and also set up a new rain capture system, which helps create a more sustainable watering system at the farm. Some of the funds were also used to build fencing around the farm. The business owner sells produce to specialty shops, restaurants, and farmer’s markets. The Gar-dening for Greenbacks grant was integral to help the garden increase yields and assisted with the mission to building a healthy sustainable food system in Cleveland. The total project cost was $5,500.

2015 GARDENING FOR GREENBACKS

Recipient Location City Assistance

Maggie’s Farm 3164 W. 61st St. $5,000

Eat to Live Farms E. 82nd St. and Higbee Ave. $5,000

North Coast Farms 14119 Miles Ave. $5,000

Mobite Products 2949 East 82nd St. $5,000

TOTAL $20,000



Eat to Live Farms Eat to Live Farms is a minority-owned ur-ban farm which operates on the Kinsman Farm at the corner of East 82nd St. and Higbee Avenue. The urban farm sells organ-ic produce to various local restaurants and markets across the city. Eat to Live Farms established the urban farm with the finan-cial assistance of the City’s Gardening for Greenbacks Program. The small farm re-ceived a $5,000 grant from the Gardening for Greenbacks program to assist with eligi-ble costs of equipment, tools, irrigation sys-tem, fencing and other project costs to further establish the urban farm and to sell pro-duce on-site at the Kinsman Farm. The total project cost was $6,000.

North Coast Urban Farms North Coast Urban Farms is a minority-owned sole proprietorship that cultivates an urban garden to grow produce that is sold at local restaurants and farmers mar-kets. The urban garden is located at 14119 Miles Avenue in Ward 1. The business re-ceived a $5,000 grant from the Gardening for Greenbacks program. The grant funds were used towards the cost of construction and installation of a fence around the ur-ban garden. The project cost was $7,200, with the remaining $2,200 coming from the owner’s equity.

Mobite Products Mobite Products is a female and minority owned small business operating an urban garden to grow produce sold at local restau-rants and farmer’s markets. The urban garden is located at the Kinsman Farm at 2949 East 82nd Street. Mobite Products re-ceived a Gardening for Greenbacks grant in the amount of $5,000, out of a total project cost of $5,500. The grant funds were used to purchase tools such as rake, tiller, back hoes, pitch forks, materials to build an irrigation system, a generator, and vents for the hoop house.

2015 GARDENING FOR GREENBACKS


Department of Economic Development 2015 SBA MUNICIPAL SMALL BUSINESS PROGRAM

The City and County partnered with the Small Business Administration (SBA) to provide recoverable grants to businesses that may face difficulties meeting the SBA’s 25% equity requirement. The City and County provide up to $50,000 (7.5% of total project cost each, for a total of 15%), reducing the business’ equity need to as little as 10%. The City ad-ministers both the City and County portion of the SBA Municipal Business Program (Muni Program), making it easier for businesses by having only one application.

Banter Beer and Wine Bottles on 25th LLC dba Banter Beer and Wine (“Banter”) is a restaurant with a small retail store that features one of the re-gion’s greatest selections of craft beers and wines. The newly es-tablished small business is modeled after New York style bodegas that specialize in house-made gourmet sausages and Quebec-style poutine (a Canadian french-fry dish served with gourmet sauces). The business is located at 7320 Detroit Avenue in the Detroit-Shoreway Neighborhood. Banter is leasing 1,700 S.F. of space in a building which had been vacant at least 10 years. Banter will be required to create 1 full-time equivalent job. The company re-ceived City assistance under the Muni Program for construction & renovation, acquisition of machinery & equipment, furniture & fixtures, soft costs and working capital. Banter utilized an SBA loan through the Economic and Community Development Institute (“ECDI”) in the amount of $75,000 to partially fund total project costs of $150,000. The small business received a $22,500 recoverable grant from the City providing 15% of the total 25% equity for the project.

Borrower City Assistance Total Project Cost Jobs to be Created

Jobs Retained

Advanced Server Management Group $50,000 $944,400 2 15 Anthony Flooring $7,500 $62,500 1 0 Banter Beer and Wine $22,500 $150,000 1 0 E & E Premier Properties $50,000 $335,000 2 4 Geiger's Downtown $41,250 $435,000 2 0 Lava Room Recording $13,200 $88,000 1 1 Major Works, LLC $60,000 $432,000 2 0 Parkers Downtown $50,000 $500,000 20 0 Poison Berry Bakery $7,500 $50,000 1 0 Recess Creative $30,000 $200,000 1 15 Relevation Physical Therapy and Wellness $9,000 $60,000 3 0 SFS-SAS Holdings LLC $50,000 $650,000 2 10 Six Shooter Coffee $13,248 $88,327 1 0 Strawbridge Memorial Chapel $26,250 $175,000 1 2 WOW Media, LLC $50,000 $460,000 2 0

$480,448 $4,630,227 42 47



Advanced Server Management Group Advanced Server Management Group, Inc. (“ASMGi”) is a glob-al technology consulting and services firm founded in 2002. ASMGi provides connectivity, network infrastructure and data management solutions to their clients, which together serve to improve the security and reliability of their IT services. The City provided a recoverable grant through the Muni Program in the amount of $50,000 as part of a $944,400 project for AS-

MGi to grow and expand its program development, operational resources, sales and marketing reach. ASMGi will retain 15 jobs and create 2 additional jobs at their loca-tion in downtown, with a new estimated payroll of $100,000 over the next 3 years. Anthony Flooring Anthony Flooring, located at 5318 St. Clair Avenue, specializes in VCT, Ceramic, Lami-nate, and Hardwood floor installations in both residential and commercial settings. They’ve been in business for more than 14 years and are a certified MBE through the city and are State of Ohio EDGE-Certified. They perform work in Northeast and Cen-tral Ohio, with offices in Cleveland and Westerville. Anthony Flooring had an immedi-ate need for labor and materials and received an SBA loan in the amount of $62,500. The City provided Anthony Flooring with a recoverable grant in the amount of $7,500 to help offset the equity requirement for SBA loans. As a result of our assistance, Anthony Flooring will create 1 job. E & E Premier Properties E & E Premier Properties, LLC has been a mold and dye manufacturing company since 1999, manufacturing and selling special dies, tools, die sets, jigs and fixtures, and in-dustrial molds. The company was leasing space at 4605 Manufacturing Avenue, and developed an interest in acquiring the building, to allow for a more efficient manufac-turing process. The total project costs for the project were estimated to be $335,000. The City assisted by providing $50,000 from the Muni pro-gram. The company will create 2 jobs and retain 4 jobs. Geiger’s Downtown Geiger’s is a long-standing, family-owned business that has existed since 1932 selling casual apparel, footwear and accessories. In 2015, Geiger’s opened a third loca-tion in downtown Cleveland in the historic Ivory Build-ing at 1020 Euclid Avenue. The boutique retailer ab-sorbed 4,200 S.F. of first floor retail space that had been vacant for 10 years. The pro-ject has helped bring retail shopping back for the residents, businesses and tourists. The City provided a recoverable grant in the amount of $41,250 through the Muni Pro-gram as part of a $435,000 project. Funds were used for construction, renovation and acquisition of equipment, furniture & fixtures. Geiger’s will create a minimum of 2 full-time jobs with an approximate new annual payroll of $60,000 over the next three years.

2015 SBA MUNICIPAL SMALL BUSINESS PROGRAM



WEBSITE, SOCIAL MEDIA & BRANDING PROJECT

The new website has seen a steady increase in visits, with most visitors viewing multiple pages. The website has also proven valuable to staff, who use the “InSite” tool to list in-dustrial and commercial properties available in the City, and for site selectors and busi-nesses. Staff can quickly search sites for parameters such as number of acres, square feet or ceiling height to respond to a location inquiry. The website has been kept fresh by the team and has been able to sustain interest from around the globe thanks to our team’s social media efforts. Visit us on Facebook, Twitter and LinkedIn. Our social me-dia has helped us reach those involved in Cleveland’s Entrepreneur scene and to promote the City and our brand. An example is our “Buy Local” program that Economic Develop-ment staff ran through social media from Thanksgiving through New Year’s Eve. We en-couraged residents to spend their dollars on local goods, explaining how that helps our local economy. We had our biggest social media surge of followers with this campaign and linked to other local organizations with similar efforts. Branding & Advertising Last year we took our new tagline, “Built by Industry, Inspired by Innovation,” and developed advertising to help people understand the positives about doing business in the City of Cleveland. We also had ads printed on large display boards to be used when we have convention or conference booths and other presentations. We participated in a booth at the International Economic Development Council (IEDC) annual conference in Alaska and had great foot traffic from attendees.



BROWNFIELD REDEVELOPMENT: Site Assessment Program Brownfield Assessments remain a priority for the Department of Economic Development. With available EPA and State funding reduced, the Department took on a greater role in funding assessments throughout the city. In addition, our expertise was sought to evalu-ate several greenspace issues.

Project Program Ward City Assistance Acres Jobs To Be

Created Jobs

Retained

Tremont Field Assess-LB 3 $86,246 41.53 N/A N/A

E. 66th/Euclid Ave.—Phase I/II Assess-LB 7 $40,035 1.72 N/A N/A

4242 Lorain Ave. Assess-LB 3 $5,800 1.47 N/A N/A 15210 St. Clair Avenue Assess-LB 10 $5,800 0.76 N/A N/A E. 55th Tire Shop—Greenspace Assess-Coalition 12 $7,700 0.30 N/A N/A

IRG—1318 W. 58th Street Assess-Coalition 15 $10,500 0.68 38 0

LaSalle Theatre Assess-Coalition 8 $30,450 0.43 27 0

Former Fashion Wallcoverings Assess-Coalition 11 $9,362 3.22 10 1

Schaefer Printing Assess-Coalition 3 $5,750 1.0 N/A N/A

Zak Funeral Homes Assess-Coalition 7 $5,453 0.37 2 0

Bell Tire Site Assess-Coalition 3 $7,375 0.8 N/A N/A

Even Cut Abrasives Assess-Coalition 10 $34,255 6.0 0 40 5506 Dolloff Ave. – Greenspace Project Assess-Coalition 12 $34,255 0.30 N/A N/A

Barrio Commissary NDP 3 $15,040 0.52 25 0 Crooked River Partners—6512 Carnegie NDP 5 $40,000 1.17 N/A N/A

Ohio City- Kolou’s Marketplace—4700 Bridge NDP 3 $10,000 0.37 1 0

Slavic Village-6305 Fleet Ave. NDP 12 $2,500 0.10 N/A N/A

IRG—1318 W. 58th St. NDP 15 $6,410 0.65 N/A N/A Opportunity Corridor E. 75th Site– Phase II (In-Kind) USEPA – TBA 5 $140,000 4.9 TBD TBD

Burke Lakefront Airport—Phase II (In-Kind) USEPA – TBA 3 $80,000 7.5 TBD TBD

Scranton Peninsula JobsOhio 3 $200,000 72.5 TBD TBD

Total 21 Sites $776,931 146.29 103 41



BROWNFIELD REDEVELOPMENT: Industrial/Commercial Land Bank Program

CURRENT PORTFOLIO

Property Location Acres End Use Requirements Status

Former Tops– Superior and Lakeview

11905 Superior 6.46 Site of Sav-A-Lot & Forman Mills Future Site of Advance Auto

SOLD August 2011 OUTLOT Sold—October 2012

ADDITIONAL DEVELOPMENT - 2014

Green City Growers 5800 Diamond 9.85 Food Production—Greenhouse SOLD December 2011

E. 69th-70th/Chester-Euclid

Chester from E. 69th to E. 70th

2.42 Incorporate green design guide-lines and meet job requirements

Phase II Assessment Complete. Working with a potential Development

Partner

E. 61st & Chester Block

Chester Ave. at E. 61st and 63rd St.


Hemingway Development to begin construction in 2016.

E. 57-59th/Chester-Euclid

Chester Ave. from E. 57th to E. 61st


University Hospitals & Hemingway De-velopment to begin construction in

2016.

Midland Steel 10615 Madison Ave.

22.0 Incorporate green design guide-lines and meet job requirements.

OEPA Covenant Not-to-Sue Issued July 2012 – Currently On Market

Trinity Building 9203 Detroit Ave.

5.6 Proposed City of Cleveland Kennel Site

Site design underway. MOCAP anticipates construction to begin in

2016.

Ward Bakery 4501 Chester Ave

2.5 Third District Police Station site Third District Police Station opened Summer 2015.

Warner Swasey 5701 Carnegie Ave

2 Incorporate design guidelines and meet job requirements

Developer conducting feasibility study

Coke Plant-CVIC Independence Ave.

54 Incorporate design guidelines and meet job requirements

15 Acres sold and to be developed in early 2016. Multiple developers inter-

ested in remainder of site.

Asphalt Plant West 3rd Ave. 2.7 Incorporate design guidelines and meet job requirements

Empire Paving to begin site work and construction in 2016.

Crescent Avenue 3418 Crescent Ave.

10.77 Support Maritime Industry Development

NFA for eastern site to be filed in January 2016. GLRI Project in partnership with Port underway.

E. 66th & Euclid Block

Euclid Ave. at E. 65th and 66th St.


Phase II Assessment Underway. Examining Development Strategy,



BROWNFIELD REDEVELOPMENT: Industrial Commercial Land Bank Properties In 2005, the City of Cleveland created the Industrial/Commercial Land Bank (ICLB) as a tool to hold and remediate brownfield sites for redevelopment. ICLB Projects are more time-consuming and can be more expensive than traditional development projects. However, the City must have shovel-ready available land to facilitate development. In 2015, the Department negotiated the transfer of several of these properties and expects construction to begin on several ICLB sites in 2016. With the closing of these transac-tions, the Department is in the process of identifying new redevelopment targets.

University Hospitals Rainbow Center for Women & Children University Hospitals is locating their UH Rainbow Center for Women and Children to the ICLB site at the corner of E. 59th and Eu-clid Avenue. The new facility will be approxi-mately 40,000 S.F. and UH will invest ap-proximately $15 Million. The clinic will serve the community’s most vulnerable women and children, and will offer services including children’s wellness and parenting programs. The site strategically offers greater accessibility for patients due to the surrounding pub-lic transportation access along the RTA Health Line.

Hemingway Development—Link 59 Concurrent with the UH development, Hem-ingway Development, a subsidiary of Geis Companies, will break ground on this multi-building, 8 acre 140,000 S.F.. urban medical campus that will encompass office buildings, labs, research facilities and a small food mar-ket in Spring 2016. The campus will comple-ment and leverage the University Hospitals investment, as the combined investment is

approximately $50 Million. In total, the campus will bring approximately 260 full-time equivalent jobs with a payroll in excess of $15 Million. Third District Police Station In July 2015, the City opened the new Third District on Chester Avenue. This collaborative effort between Economic Development, MOCAP, and Public Safety led to the redevelopment of a brownfield site into a state-of-the-art district station and communications facility. As a result, a blighted vacant property was turned into a highly visible community asset.



GRANT FUNDING RECEIVED

Grant Name Funding Source Ward Year Awarded Amount

Drury Hotel Jobs Ohio—Revitalization Grant 3 2014 $500,000

Drury Hotel JobsOhio—Revitalization Loan 3 2014 $1,000,000

Enviroserve JobsOhio– Revitalization Grant 3 2015 $450,000

Ohio Awning JobsOhio—Revitalization Grant 5 2015 $300,000

Scranton Peninsula JobsOhio—Revitalization Phase II Grant 3 2015 $200,000

Targeted Brownfield Assessment - E. 75th Site Phase II (In-Kind) U.S. EPA 5 2015 $140,000

Targeted Brownfield Assessment—Burke Lakefront Airport Phase II (In-Kind) U.S. EPA 3 2015 $80,000

TOTAL $3,170,000

Northcoast Brownfield Coalition—Assessment Grant U.S. EPA Citywide 2015 $500,000

2

1 1 2 22

2

6

12

12

77

8

$0

$10,000,000

$20,000,000

$30,000,000

$40,000,000

$50,000,000

$60,000,000

2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015Number of Grants/Pass Thru Loans by Year

Grant and Pass Through Loan Funding Received

The Department supported several companies in securing financial assistance from JobsOhio. While brownfield assessment grant funding availability has been reduced, the Department worked with USEPA to secure two in-kind Phase II Site Assessments through the Targeted Brownfield Assessment program. Finally, the Northcoast Brown-field Coalition was successful in receiving an assessment grant from USEPA.


Department of Economic Development 2016 BUDGET

Department of Economic Development wins Local and National Recognition City of Cleveland Rebranding and Website Design Initiative: The International Economic Development Council (IEDC) awarded the City of Cleveland Department of Economic Development with a bronze award for its website design and rebranding ef-forts. This award recognizes exceptional and inventive use of the internet and new me-dia for economic development. The focus of the website and our branding effort is to help businesses and site selectors “Rethink” Cleve-land. The website, rethinkCleveland.org, pro-vides up-to-date information including availa-ble properties, incentives, key industries data as well as news updates and is available in 80 languages. International Economic Development Council Elects Director Nichols as New Board Member: The Board of Directors of the IEDC elected Tracey Nichols, Director of Economic Development to its Board of Directors for a two-year term. This year, Director Nichols has also received multiple honors, including the Crain’s Cleveland Business Women of Note Award; Novogradac Journal of Tax Credits Public Executive of the Year Award; the Northcoast Minority Media & Diversity Chamber MBE/Urban Pro-fessional Award for Government; and the Council of Development Finance Agencies (CDFA) Excellence Award for Leadership. While these awards have gone to Nich-ols, she has said, “These awards are really a reflection of the incredibly talented team we have assembled at the Department of Economic Development who have worked hard to move the City of Cleveland forward and gain national attention.”

FUNDING SOURCE BUDGET

UDAG REPAYMENTS $5,998,588.85

EDA TITLE IX (WORKING CAPITAL) $963,065.44

JOB CREATION INCENTIVE PROGRAM $1,022,417.44

NDIF $2,278,967.27

NDP $1,132,674.31

EMPOWERMENT ZONE 108 $6,419,557.89

EMPOWERMENT ZONE EDI $847,104.41

HUD 108 & BEDI Grant $6,625,000.00

N.R.A.P., Food Cart & Gardening for Greenbacks $607,549.00

Municipal Small Business Initiative (with SBA) $440,052.00

Small Business Revolving Loan Funds (CD Funds) $65,049.92

TOTALS $26,400,026.53


Department of Economic Development Tracey Nichols, Director 216-664–3611 [email protected] David Ebersole, Assistant Director 216-664–2204 [email protected] Marilu Acevedo, Administrative Assistant to the Director 216-664–3677 [email protected] Stephanie Phillibert, Economic Development Specialist 216-664–3627 [email protected]

ECONOMIC DEVELOPMENT & TECHNOLOGY Robin Brown, Project Manager 216-664–3612 [email protected] Michael Elliott, Project Coordinator 216-664-4470 [email protected] Shashonna Duckworth, Development Finance Analyst I 216-664-3610 [email protected]

SMALL BUSINESS Kevin Schmotzer, Executive for Small Business Growth 216-664–3720 [email protected] Anthony Stella, Project Coordinator 216-664-4363 [email protected] Ethan Lawson, Intern 216-664–3684 [email protected] Esther Kim, Fellow 216-664-3682 [email protected]

SPECIAL PROJECTS/BROWNFIELD REDEVELOPMENT Richard Barga, Special Projects Manager 216-664–4274 [email protected] Zach Fela, Development Finance Analyst I 216-664-3605 [email protected] Briana Butler, Economic Development Specialist 216-664-2202 [email protected]

FISCAL/ADMINISTRATION Dan Rehor, Fiscal Manager 216-664–3610 [email protected] Byron Demery, Controller 216-664–2203 Greg Perryman, Assistant Controller 216-664–3672 Kim Frezza, Auditor 216-664-3622 Cl

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Documents

Report to Council 2015 final- - Rethink Clevelandrethinkcleveland.org/Cleveland/media/Cleveland/News/2016 Photos... · Report to Council 2016 ... project. JumpStart, Inc. ... issues