CLEVELAND
HEALTH-TECH CORRIDOR
INTRODUCTION + GOALS
• Establish the Corridor as a globally competitive
environment for attracting and growing biomedical,
health-care and medical supply chain businesses
• Build on the $3.8 billion in investments within the
Corridor and leverage the public transportation
infrastructure improvement made to Euclid Avenue
• Demonstrate that focused, community-wide
collaboration rooted in market fundamentals can
redevelop the urban core
CONCEPT
•
Collaboration:
• City, County and State Government
• Business Community
• Anchor Institutions
• Foundations
• Incubators
•
Focus:
• Targeted Industry Cluster Attraction
• Defined Physical Location
NETWORK
OF COLLABORATORS
HEALTH-TECH
CORRIDOR ASSETS
• 50,000 employed at health
care and educational
campuses
• 50,000 students enrolled in
corridor educational
institutions
• 10 million sq. ft. of health
care and educational space
• 80 biomedical companies
• 45 technology companies
• $450 million in annual
research
• Opportunities for
collaboration
• Access to business resources
• Diverse array of facilities with
flexible lease rates
• Convenient HealthLine
transportation
PHYSICAL DEVELOPMENT
INVESTMENT
Incubators
think
[box]
REDEVELOPMENT OF AGORA, 5000 EUCLID AVE
5 ACRE SITE, 54,000 SF of Office
Donation to Midtown Cleveland, Development Agreement with Geis
Completed in 2012 – 90% Leased
MIDTOWN TECH PARK, 6700 EUCLID AVE
128,000 square feet, 90% Leased
REDEVELOPMENT OF 7000 EUCLID AVE
Western Building Razed (6900 Euclid)
7000 Building Prepared and Now Available
6,000 square feet still available
Victory Building, 7012 EUCLID AVE
$25 million dollar project
165,000 square feet
Plenty of available parking
Existing Fiber Network in Cleveland
First Energy – Brown
Cavtel – Light Blue
CCI – Blue
TDS – Red
Forest City Fiber - White
Projects to be Connected to 100 Gigabit Fiber
Land Available in Corridor
Non-Bank Funding in the
Corridor
•Over $83 million City financing since 2008
•$800,000 development grant to BioEnterprise from The Cleveland
Foundation in 2011
•$250,000 grant from the Ohio DOD in 2010
•$200M in State Third Frontier funding for Health Line
•Federal funding totals: $31.6 million HUD 108, $1.8 million Other HUD,
$3 million BEDI, $1.7 million EPA, $500,000 EDA
Example Projects with alternative funding sources:
•Midtown Tech Park: $3.5 million State of Ohio job ready sites grant, $10.7
million federal loan
•Victory Building: $2.6 million in tax increment financing, federal and state
historic tax credits, and a $1 million State of Ohio job ready sites grant
Two New Medical Schools
Case Western Reserve University Medical School and
the Cleveland Clinic Lerner College of Medicine:
• New construction to be built on Cleveland
Clinic’s campus
DeVry’s Chamberlin College of Nursing:
• Located in heart of the Corridor at Midtown Tech
Park
• Grand opening October 2013
• Nursing skills laboratories, simulation lab,
coronary care unit, general skills and health
assessments lab
Data Centers
1.
2.
3.
4.
5.
Byte Grid/Cleveland Technology Center: serves as a secure place
to put backup systems and electronic records for heavy data users
-1425 Rockwell Ave
Bluebridge: work group recovery, virtualization, cloud computing,
disaster recovery and managed storage and services - 1255 Euclid
Ave
FiberMedia: suite of managed IT services that include device
management, monitoring, storage, back-up and cloud
infrastructure as a service (IaaS) - 200 West Prospect Ave
Cogent: dedicated internet access, IP transit, Ethernet point-topoint, colocation services – 1621 Euclid Ave
Cuyahoga County Data Center: to relocate to renovated 8,000 SF
2nd floor of County Medical Examiner building - 11001 Cedar Ave
Companies of Note
IT:
1.
2.
3.
4.
CGI Information Technologies: IT outsourcing, application management,
systems integration and consulting, infrastructure services
Solar Systems Networking: IT design, virtual environments, installation
and support, data wiring, VoIP phone systems, and wireless
implementation
MCPc: customer-centric IT solutions provider that drives positive
business results through practical problem solving
eCollect: utilizes modern banking regulations and payments laws to
electronically recover returned checks for clients thus preventing the
need for collections activity
Web Development:
1.
2.
Wiselime/Tackk: provides a Web-publishing service for single-use and
disposable content
Hyland Software: developer of the enterprise content management
(ECM) and process management software suite called OnBase
Companies of Note (contd.)
Marketing:
1.
2.
3.
4.
5.
BrandMuscle: helps national companies localize their advertising
campaigns
Rosetta: interactive digital marketing agency
Renters BOOM: specializes in designing, building and running
contests and promotions for property management companies
using social media
Insivia: developer of marketing solutions through strategy and
design
DigiKnow: digital marketing agency - develops campaigns,
systems, and tools to connect people with clients' ideas and
products
Medical Technology:
1.
Talis Clinical: developer of anesthesia information management
systems
2.
Explorys Medical: has developed the worlds most scalable
platform for Enterprise Performance Management (EPM) and one
of the largest healthcare databases in the world
Utilities
•
Cleveland Public Power:
•
•
•
•
4 substations in the Corridor – enables CPP to provide
dual feed from 2 substations
Flexible rates, based on consumption + fixed power
cost, more power consumed will lower rate
Demand charge rates: $.0115 KWH - $.0309 KWH
First Energy:
•
•
Rates based on type of business not consumption
High availability of 20MW power fed via underground
lines from two separate substations
A place where little companies and
large institutions work together to
challenge the impossible.
That’s a big idea
.
Try + Fail + Try + Fail +
Try + Fail + Try
Change the world.