Greater University CircleWealth Building Initiative                             Our Anchor                               P...
BACKGROUND   2005-Greater University Circle Initiative    (GUCI)-Working with the Anchors to    create wealth and assets ...
RESULTS• Evergreen Companies  –   3 companies plus a newspaper (80 jobs)• New Bridge  –   Pharm Tech & Phlebotomist• Suppl...
LESSONSLEARNED/ADVICE   Need a Convener- someone who can pull    together the Anchors   Analyze the power of the Anchors...
City of ClevelandTracey NicholsDirectorDept. of Economic Development(216) 664-3611tnichols2@city.cleveland.oh.usWebsite:
City of ClevelandTracey NicholsDirectorDept. of Economic Development(216) 664-3611tnichols2@city.cleveland.oh.usWebsite:
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Cleveland Health Tech Corridor- ICIC

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The Initiative for a Competitive Inner City (ICIC) chose Cleveland’s Greater University Circle Wealth Building Initiative as a case study for its ‘What Works for Cities” Panel at its September 2012 Inner City Economic Summit. This is the presentation that Director Tracey Nichols gave at the panel discussion and provides concise background information on the initiative.

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Cleveland Health Tech Corridor- ICIC

  1. 1. Greater University CircleWealth Building Initiative Our Anchor Partners
  2. 2. BACKGROUND 2005-Greater University Circle Initiative (GUCI)-Working with the Anchors to create wealth and assets for low income individuals in the surrounding community Cleveland Foundation led the effort 2009- Health Tech Corridor Initiative – use the power of anchors to attract businesses 2011-Living Cities awards the Integration Initiative to take the work to the next level
  3. 3. RESULTS• Evergreen Companies – 3 companies plus a newspaper (80 jobs)• New Bridge – Pharm Tech & Phlebotomist• Supply Chain – First company moving to the City• Health Tech Corridor – 278,000 square feet developed – 28 acres brownfield redeveloped – Over 1,400 new jobs to be created (324 thru 2011)• Greater University Circle Living – 70 employees assisted to date- initiative expanded
  4. 4. LESSONSLEARNED/ADVICE Need a Convener- someone who can pull together the Anchors Analyze the power of the Anchors- Supply Chain, Hiring, Business Attraction Use “Eds and Meds” Examples to illustrate the positives that can occur when working together A strong City partner can bring federal and local funds to the table Communication is key
  5. 5. City of ClevelandTracey NicholsDirectorDept. of Economic Development(216) 664-3611tnichols2@city.cleveland.oh.usWebsite:
  6. 6. City of ClevelandTracey NicholsDirectorDept. of Economic Development(216) 664-3611tnichols2@city.cleveland.oh.usWebsite:

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