Documentos de Académico
Documentos de Profesional
Documentos de Cultura
Economic Development
Report to Council
2016
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.
BOARD OF TRUSTEES
Frank G. Jackson, Mayor
City of Cleveland
LOAN COMMITTEE
Anthony Brancatelli, Councilman
Cleveland City Council
Peter Constantino, Partner
Cohen & Company
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2008
2009
2010
2011
9 Loans
16 Loans
4 Loans
12 Loans
City
Assistance
$10,122,500
$9,970,000
$340,000
$3,795,000
2012
7 Loans
$1,023,275
$20,278,656
218
95
2013
2014
2015
2015
2015
2015
2015
2015
2015
20 Loans
7 Loans
Abeona Therapeutics, Inc.
Asurint
Bialosky and Partners Architects
CBGC
Cleveland Bricks
Cleveland Business Park Three
Empire Paving
$2,780,000
$845,000
$430,000
$180,000
$120,000
$330,000
$180,000
$180,000
$180,000
$131,699,610
$256,368,276
$6,000,000
$1,340,000
$1,200,000
$625,000
$436,000
$446,438
$288,954
465
439
37
60
8
7
25
50
35
136
48
0
104
34
0
0
0
0
2015
2015
2015
2015
Fabco Flats
Grow Lorain
Gypsy Brewery
Left Side Developments
$35,000
$70,000
$180,000
$70,000
$1,012,500
$92,900
$585,000
$4,126,000
7
7
25
7
0
3
0
0
2015
2015
2015
2015
$70,000
$140,000
$70,000
$40,000
$305,000
$300,000
$4,795,141
$90,000
4
14
7
4
0
0
0
0
2015
$780,000
$31,930,775
$3,000,000
$711,225,747
50
4,744
0
2,160
Year
Borrower
Total Project
Cost
$58,730,673
$112,946,629
$2,565,000
$103,993,970
Jobs to be
Created
2,279
306
18
672
Jobs Retained
75
173
1,224
268
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 located at 2910 W 3rd Street from the ICLB. Empire intends to create a new asphalt facility, using recycled materials to make asphalt production a greener process. The City is
providing a $180,000 VPI loan for the development.
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Ward
City
Assistance
Total Project
Cost
Jobs to be
Created
Jobs
Retained
40,000
160,000
10
27,000
30,000
Ushabu LLC
40,000
150,000
40,000
60,000
40,000
600,000
25
16,000
18,000
40,000
100,000
9,000
10,000
15
40,000
88,000
25,000
150,000
$ 317,000
1,506,000
68
Total
Payne Commons
Payne Commons is a minorityowned retail building located at
3710 Payne in the Asia Town
Neighborhood. Payne Commons
utilized financial assistance from
the Neighborhood Retail Assistance 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 upgrades 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.
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Jobs Created
Jobs Retained
City Assistance
Everykey, Inc.
StreamLink Software, Inc.
NPA Coatings, Inc.
GCA Services Group, Inc.
17
135
25
30
0
38
139
67
$14,405
$131,250
$12,650
$32,000
Pirhl LLC
31
$40,000
Asurint
Fox Sports Ohio
120
32
104
0
$155,000
$77,425
Gabriel Partners
50
75
$37,500
Total
440
423
$500,230
PIRHL
PIRHL is a developer, general contractor, and owner 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 company in Northeast Ohio by Crains Cleveland Business. Pirhl outgrew their headquarters in Warrensville 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 expects to add 14 employees and grow to a $1.2 Million payroll by 2019. The City of Cleveland will provide a grant of
up to $19,405 under the JCIP program.
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Program
City
Funding
Total
Project
Cost
Jobs
Created
Jobs
Retained
NDP
$6,410
$26,410
20
SBRL
VPI
$23,000
$16,000
$15,040
$40,000
$80,000
$39,971
$16,200
$15,040
$55,000
$1,200,000
1
12
25
0
8
3
6
0
0
34
CBGC, LLC
Certified Aircraft Maintenance LLC
VPI
EDA
$200,000
$179,756
$625,000
$540,000
7
6
0
35
UDAG
$180,000
$436,000
25
VPI
$180,000
$446,438
50
NDP
$40,000
$40,000
$40,000
$40,000
$180,000
$70,000
$40,000
$60,000
$40,000
$288,953
5
1
15
0
10
0
0
0
0
0
VPI
NDP
$35,000
$120,000
$70,000
$20,000
$1,012,500
$525,000
$92,900
$25,000
7
5
7
1
10
32
3
0
NDP
$10,000
$10,000
VPI
$70,000
$305,345
NDP
$40,000
$40,000
OLM LLC
Slavic Village Development
VPI
VPI
$70,000
$40,000
$4,795,141
$90,000
7
4
0
0
NDP
$2,500
$2,500
SBRL
$23,000
$26,875
15
$1,760,706
$10,824,273
222
138
NDP
NDP
NDP
NDP
NDP
NDP
VPI
UDAG
VPI
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Location
City Assistance
Maggies Farm
$5,000
$5,000
$5,000
Mobite Products
$5,000
TOTAL
$20,000
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.
Maggies Farm
Maggies Farm is a female-owned urban farm that expanded its operations at 3164 W. 61st Street in the
Clark-Fulton neighborhood. Through the use of a
$5,000 Gardening for Greenbacks grant, Maggies
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 farmers markets. The Gardening 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.
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City Assistance
$50,000
$7,500
$22,500
$50,000
$41,250
$13,200
$60,000
$50,000
$7,500
$30,000
$9,000
$50,000
$13,248
$26,250
$50,000
$480,448
$944,400
$62,500
$150,000
$335,000
$435,000
$88,000
$432,000
$500,000
$50,000
$200,000
$60,000
$650,000
$88,327
$175,000
$460,000
$4,630,227
Jobs to be
Created
2
1
1
2
2
1
2
20
1
1
3
2
1
1
2
42
Jobs
Retained
15
0
0
4
0
1
0
0
0
15
0
10
0
2
0
47
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Ward
City
Assistance
Acres
Jobs To Be
Created
Jobs
Retained
Tremont Field
Assess-LB
$86,246
41.53
N/A
N/A
Assess-LB
$40,035
1.72
N/A
N/A
Assess-LB
$5,800
1.47
N/A
N/A
Assess-LB
10
$5,800
0.76
N/A
N/A
Assess-Coalition
12
$7,700
0.30
N/A
N/A
Assess-Coalition
15
$10,500
0.68
38
LaSalle Theatre
Assess-Coalition
$30,450
0.43
27
Assess-Coalition
11
$9,362
3.22
10
Schaefer Printing
Assess-Coalition
$5,750
1.0
N/A
N/A
Assess-Coalition
$5,453
0.37
Assess-Coalition
$7,375
0.8
N/A
N/A
Assess-Coalition
10
$34,255
6.0
40
Assess-Coalition
12
$34,255
0.30
N/A
N/A
NDP
$15,040
0.52
25
NDP
$40,000
1.17
N/A
N/A
NDP
$10,000
0.37
NDP
12
$2,500
0.10
N/A
N/A
NDP
15
$6,410
0.65
N/A
N/A
USEPA TBA
$140,000
4.9
TBD
TBD
USEPA TBA
$80,000
7.5
TBD
TBD
JobsOhio
$200,000
72.5
TBD
TBD
$776,931
146.29
103
41
Project
Barrio Commissary
Crooked River Partners6512
Carnegie
Ohio City- Kolous Marketplace
4700 Bridge
21 Sites
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Location
Acres
Status
11905 Superior
6.46
9.85
Food ProductionGreenhouse
2.42
Chester Ave. at
E. 61st and
63rd St.
2.53
Euclid Ave. at
E. 65th and
66th St.
1.72
7.37
Incorporate green design guide- University Hospitals & Hemingway Delines and meet job requirements
velopment to begin construction in
2016.
Midland Steel
10615 Madison
Ave.
22.0
Trinity Building
9203 Detroit
Ave.
5.6
Ward Bakery
4501 Chester
Ave
2.5
Warner Swasey
5701 Carnegie
Ave
Coke Plant-CVIC
Independence
Ave.
54
Asphalt Plant
2.7
Crescent Avenue
3418 Crescent
Ave.
10.77
Former Tops
Superior and
Lakeview
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$60,000,000
12
$50,000,000
$40,000,000
$30,000,000
$20,000,000
2
$10,000,000
2
1
2004
2005
2006
$0
2003
7
7
12
2
2007
2008
2009
2010
2011
2012
2013
2014
2015
Grant Name
Funding Source
Ward
Year
Awarded
Amount
Drury Hotel
2014
$500,000
Drury Hotel
JobsOhioRevitalization Loan
2014
$1,000,000
Enviroserve
2015
$450,000
Ohio Awning
JobsOhioRevitalization Grant
2015
$300,000
Scranton Peninsula
2015
$200,000
Citywide
2015
$500,000
2015
$140,000
2015
$80,000
$3,170,000
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BUDGET
UDAG REPAYMENTS
$5,998,588.85
$963,065.44
$1,022,417.44
NDIF
$2,278,967.27
NDP
$1,132,674.31
$6,419,557.89
$847,104.41
$6,625,000.00
$607,549.00
$440,052.00
$65,049.92
TOTALS
$26,400,026.53
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