Economic Development
The Cleveland Foundation proactively seeks initiatives that build economy-sustaining industries, encourage entrepreneurship and job creation, and foster a thriving urban core.
The foundation’s economic development initiatives target five areas:
Advanced energy
Focus: The Cleveland Foundation supports and promotes efforts to develop an advanced energy industry in Ohio though research, grantmaking, and public advocacy.
What we’re doing: Educating and informing the public and key decision makers.
- The foundation’s board granted $200,000 to the Cuyahoga County Commissioners to help fund a feasibility study around the installation of electricity-producing wind turbines in Lake Erie. The project was proposed last year by the Cuyahoga Regional Energy Development Task Force.
Read more about the foundation’s advanced energy initiatives.
A vibrant inner city
Focus: We strive to create a vibrant urban core – city neighborhoods where people wish to live, work, play, and visit.
What we’re doing: Providing funding for projects aimed at improving Cleveland’s neighborhoods.
- The foundation supported ShoreBank Enterprise Group Cleveland with a $525,000 grant for its Investing in Cleveland’s East Side Neighborhoods initiative. SEC helps Cleveland neighborhoods thrive through an investment fund and a business incubator based in Glenville. In addition, an employee recruitment and support services program links neighborhood residents with new job opportunities generated by ShoreBank-supported businesses.
Shilpa Kedar
Program Director for Economic Development
Jumpstart, a Cleveland Foundation grantee, helps accelerate the development of high-potential, early-stage businesses.
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Cleveland's NASA Glenn Research Center is the only NASA facility north of the Mason-Dixon Line.