October 2009 Fund Newsletter


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Read the October 2009 newsletter to Fund members. This month's issue includes the Gund Foundation's support to Phase 3 of the Fund, staff additions at grantees MAGNET and Team NEO, the launch of ClevelandPlusBiomedical.com, and more.

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October 2009 Fund Newsletter

  1. 1. F U N D F O R O U R E C O N O M I C F U T U R E October ‘09 Members Newsletter Gund Foundation Commits to Phase 3 The board of The George Gund Foundation met in September and approved the largest commitment to date to Phase 3 of the Fund for Our Economic Future. The George Gund Foundation pledged $4 million to the next three-year phase, which will begin in March 2010. The George Gund Foundation President and Treasurer Geoffrey Gund and Executive Director David Abbott explained their commitment to the Fund in a letter sent to leaders of the region’s philanthropic community: David Abbott 216 .241 .311 4 184 5 Gui ldh all Bui ldi ng Fax 216 .241 .656 0 45 Pro spe ct Ave nue We st Th e Ge or ge Gu Cle vel and , Ohi o 441 15 nd Fo un da tio n Northeast Ohio by the Numbers September 24, 2009 “All of us chafe at the conflict, the rivalry and the failure to coordin 28 efforts to improve the ate that too often pla region. It is especially gue apparent in the public our sector also has bee sector but, truth be told n guilty of putting mo , re emphasis on institut than on aligning resour ional freedom of acti ces for greatest impact on . The Fund for Our Eco a bold experiment to nomic Future began Sustainable Cleveland 2019 change that because the long-term econom as demanded dramatic ic crisis in Northeast released a list of 28 initiatives as a action and because no other sector seemed Ohio the fact that the econom able to act regionally follow up to its three-day summit y clearly operates reg despite ionally. Northeast Oh into that vacuum and io philanthropy stepped the impact has been impressive by any me asure . . . Despite these early suc 2014 cesses, we know tha t transforming the reg long-term commitme ional economy require nt to changing deeply s entrenched systems and of our region’s culture , indeed, to changing aspects Cleveland has been named . That is also why The George Gund Founda to the Fund – becaus tion has recommitted the host city for the 2014 e we recognize that wo rking collaboratively change the overly ind with our colleagues helps to Gay Games, beating out Boston ividualistic culture of philanthropy into a far in doing that, we also greater force for good. and Washington, D.C. are sending a powerfu And l message of hope and to our neighbors thro of the need for collab ughout Northeast Oh oration io. We can, if we cho working together... The ose, create a better futu challenge we set out re by to meet is more urgent The George Gund Fou than ever. All of us at ndation hope you wil l once again join in this vital endeavor.” Sincerely, ffef Geoffrey Gund President and Treasurer David Abbott Executive Director * The above paragraphs are excerpts. October ‘09 Members Newsletter
  2. 2. MAGNET Names New President Fund grantee MAGNET, the Manufacturing Advocacy & Growth Network, has announced that Daniel E. Berry has been named its president and chief executive officer. Berry, executive vice president at the Greater Cleveland Partnership (GCP), replaces David M. Fouts, who has served as MAGNET’s president since July 2008. Fouts announced this month that he was leaving MAGNET to pursue other interests. “I look forward to helping MAGNET shape its strategy to help manufacturing companies meet current challenges and identify opportunities for growth,” said Berry. “Even with all its challenges, as we have seen in recent economic reports and studies, the manufacturing sector will continue to be a key economic driver in this region and state.” Fund President Brad Whitehead said the decision to place Berry at the helm at MAGNET demonstrates the business community’s commitment to support MAGNET in its mission to champion the region’s manufacturing sector. Daniel E. Berry Berry will stay an employee of GCP and the plan is for him to return to GCP full- time on July 1, 2010. “The MAGNET Board is excited that Dan Berry has agreed to join MAGNET and provide the kind of strategic planning and dynamic leadership that he has demonstrated over his many years at GCP and The George Gund Foundation,” said Arthur F. Anton, chairman of MAGNET’s board. “We know Dan will take full advantage of the tremendous Northeast Ohio by opportunity he now has to assist manufacturers and the economy throughout our the Numbers region as MAGNET president.” Berry holds a doctorate in management from the Weatherhead School of Management, Case Western Reserve University, where he was a Mandel Fellow. 60 He earned both bachelor’s and master’s degrees from Kent State University. Rolls-Royce will add 60 jobs to its fuel cell research division in Team NEO Adds Director of North Canton Minority-Owned Business Attraction Team NEO, the region’s business attraction organization, welcomes Carlos R. Fuentes to its team as the director of minority-owned business attraction efforts. This new position reflects ongoing commitment to work with strategic partners to build the breadth and depth of minority-owned companies across numerous industries in Northeast Ohio. Fuentes has a demonstrated record in marketing, brand management, product development and diversity in the financial services market. Most recently, Fuentes was the vice president of brand management, diversity strategy and international banking at National City Bank. Prior to National City, Fuentes served as the strategic marketing director for the UNO Branding Agency in Minneapolis, MN, and director of multicultural marketing and sales for Vertis Communications in Chicago, IL. A graduate of St. John’s University in Collegeville, MN, Fuentes has a Master of Arts in International Affairs from Ohio University. He resides with his wife and family in Bay Village. The minority-owned business attraction director position has been added to Team NEO as a result of a federal grant secured thanks to the efforts of the late Congresswoman Stephanie Tubbs Jones and Congressman Tim Ryan. Pg. 2 1 4 2 2 E u c l i d A v e n u e , S u i t e 1 5 1 0 , C l e v e l a n d , O h i o 44115 • 2 1 6 . 9 2 5 . 4 9 0 0 • w w w . f u t u r e f u n d n e o . o r g
  3. 3. MAGNET Creating Video Programs for Schools Following a successful education program during the 2008-2009 school year, Fund grantee MAGNET is again partnering with Northeast Ohio public television station S P E C I A L M A G N E T L E A R N I N G P R E S E N TAT I O N WVIZ and the Northern Ohio Technology Association (NOTA) to produce six career awareness programs highlighting careers in manufacturing. Last year, more than 3,500 school districts throughout Ohio had access to six GOOD JOBS WITH GREAT PA IN ADVANCED MANUFACTURING Y interactive presentations highlighting “cool” careers in manufacturing. The 45-minute A CAREER SO HOT, IT’S COOL! No matter what you read or hear, manufacturing is still the largest industry in Ohio. Advanced manufacturing Whatever their passion—computers, robotics, engineering or art—students can find a great career utilizing those skills in advanced manufacturing. MAGNET, the Manufacturing Advocacy & Growth Network, broadcasts featured leading manufacturers explaining the exciting and well-paying jobs in cutting-edge industries. The panelists included a diverse cross section of employees today means robotics, bio-science, fuel cells, and all types encourages you to help students learn about the many of engineering. challenging careers available right here, right now in It’s not old, dirty factories anymore, it’s inventing, advanced manufacturing in Ohio. As a state, Ohio is the third designing and making cool things like iPods, race cars or largest manufacturer in the country. Without a qualified parts for the Space Shuttle. workforce, Ohio will not be able to maintain this status and Ohio manufacturers are using the most innovative help our economy compete on a global basis. who have traveled through a variety of career paths to find a home in manufacturing. technologies available and offer great pay to employees, MAGNET will present six sessions on advanced averaging $54,000 a year. These well-paying jobs require manufacturing careers this school year. This series will kick knowledge of science, technology, engineering and math. off with an introductory session on Tuesday, October 14 It’s estimated that there will be 60,000 advanced dispelling the myths about manufacturing as a viable career manufacturing jobs available in Ohio in the next 10 years. option for today’s students. DATE TUESDAY, OCTOBER 14 A total of 8 school sites will be interactive for this session. Other schools may join in a “view only” mode. The six presentations were: TIMES A program fee of $75 will be charged to schools not in NOTA 9:00 am – 9:45 am and 10:00 am – 10:45 am member districts. Please process a purchase order to: TRANSMISSION MODES WVIZ/PBS Distance Learning c/o John Ramicone >> MAGNET introduces careers in manufacturing NOTA AND STATE IP NETWORKS 1375 Euclid Avenue Cleveland, Ohio 44115 Schools interested in participating in this educational opportunity should contact John Ramicone at Please fax a copy of the 216.916.6360 or john.ramicone@ideastream.org purchase order number to: by October 9. Scheduling is on a first call basis. 216.916.6361. >> Lincoln Electric on welding >> MAGNET showcases product design and development >> Jergens Inc. on tooling >> Astro Manufacturing on high tech and biomedical manufacturing Northeast Ohio by >> Lubrizol and SGS Tool highlight careers in engineering the Numbers Because of the positive feedback from students, teachers and guidance personnel, WVIZ and NOTA have invited MAGNET to produce another six shows highlighting 3.7 manufacturing for the 2009-2010 school year. Last year’s programs can be accessed at www.magnetwork.org/education and a compilation DVD with clips from the shows is being distributed to more than 500 The University of Akron received educators in the region. a $3.7 million grant to improve literacy among preschool children International Delegation Learns About Civic Engagement An international delegation gathered at the Deaconess Community Foundation on October 2 to discuss the Fund’s role in engaging the community to strengthen the region’s economic competitiveness. Individuals from five countries (Czech Republic, Haiti, Saudi Arabia, Sudan and Turkey) hosted by the Cleveland Council on World Affairs met with Deborah Vesy of the Deaconess Community Foundation and Fund Fellow Ashley Basile. “It was a great honor to host this delegation and share the work of the Fund with them,” Basile said. “Everyone involved was amazed at how the region has been able to unite philanthropy around the idea of civic engagement.” The delegation’s hope is to take the insight gained from the U.S. trip back home to replicate similar community programs. ffef October ‘09 Members Newsletter Pg. 3
  4. 4. Collaboration Promotes Cleveland Plus Biomedical BioEnterprise and Team NEO are collaborating on an exciting new effort to attract more biomedical companies to Northeast Ohio. The two grantees of the Fund for Our Economic Future launched the latest element of their collaboration this month with a new web site, ClevelandPlusBiomedical.com. The site was launched in conjunction with the Cleveland Clinic Medical Innovation Summit held October 5-7. The site is linked to Team NEO’s ClevelandPlusBusiness.com and BioEnterprise.com. In addition to being a source for Northeast Ohio biomedical news, ClevelandPlusBiomedical.com explains the benefits of having a biomedical company located in Northeast Ohio. The site focuses on four industry clusters: imaging, orthopedics, neurostimulation and cardiovascular. The web site also provides information on Northeast Ohio business resources and incentives to support biomedical companies and entrepreneurs, as well as insight from some of the region’s biomedical success stories. ClevelandPlusBiomedical.com is just one element of the already successful collaboration between Team NEO and BioEnterprise. The partnership has been responsible for recruiting 10 biomedical companies to Northeast Ohio, including Northeast Ohio by ViewRay, Quality Electrodynamics and Proxy Biomedical. Also, the two organizations the Numbers are working jointly to generate media coverage within biomedical and site selector trade publications. 50 With BioEnterprise’s leadership in supporting the region’s biomedical industry and Team NEO’s success in business attraction, the collaborative effort elevates the region’s ability to deliver a compelling message about the economic benefits of growing Myers Motors in Tallmadge a biomedical business in Northeast Ohio. plans to hire 50 more Northeast Ohio is home to 60 hospitals, 30 colleges and universities, as well as people to build their new two- strong manufacturing capabilities, that make it an attractive destination for growing passenger electric car biomedical businesses. Emerging new medical assets, ranging from the proposed Medical Mart in Cleveland to the rapidly growing Austen BioInnovation Institute in 3 Akron, and ever-increasing venture investments are making the region an even more desirable location. The Cleveland Foundation awarded a $3 million grant to help with the start-up cost of the Cleveland Center for Arts and Technology Pg. 4 1 4 2 2 E u c l i d A v e n u e , S u i t e 1 5 1 0 , C l e v e l a n d , O h i o 44115 • 2 1 6 . 9 2 5 . 4 9 0 0 • w w w . f u t u r e f u n d n e o . o r g
  5. 5. Proxy Biomedical The Fund regularly features Location: Cleveland, OH Northeast Ohio companies being helped by our grantees. These Industry: Medical Devices companies, including the one featured here, are part of the What makes Proxy Biomedical special: region’s portfolio of growing Proxy Biomedical’s aim is to provide medical devices that combine minimally invasive businesses that are building surgery techniques with optimal tissue regeneration. This combined approach to Northeast Ohio’s economic future. medical device design and development speeds patient recovery while providing a durable result with fewer complications. How the Fund grantees helped Proxy Biomedical: Proxy Biomedical has received support from BioEnterprise and Team NEO. BioEnterprise has assisted Proxy Biomedical on fundraising efforts, networking and development of its corporate infrastructure in the City of Cleveland. Team NEO has assisted in procuring funds for research and market development through the Global Cardiovascular Innovation Center at the Cleveland Clinic, the City of Cleveland and the Ohio Department of Development. Why Northeast Ohio is good for Proxy Biomedical: Access to partners, customers and workforce is critical to Proxy Biomedical’s success. Establishing U.S. operations in Northeast Ohio allows Proxy Biomedical to take advantage of critical product development support and clinical trials that will enable accelerated growth and service to the world’s largest market, the United States. Proxy Biomedical also considered other regions with strong life science clusters for this expansion, but ultimately chose Northeast Ohio because of the region’s leading health care and educational institutions, such as the Cleveland Clinic and University Hospitals, and because of the State of Ohio’s strong commitment to the biomedical industry. Pg. 5 October ‘09 Members Newsletter
  6. 6. Steinbrink Launches New Business, Ends Role With Fund Laura Steinbrink ended her two-year affiliation with the Fund for Our Economic Future at the end of September to focus on building a consulting business, Humanity’s Loom, which helps commercial, nonprofit and residential property Northeast Ohio by owners with sustainable building strategies. Laura joined the Fund in 2007 as director of regional the Numbers partnerships, working to expand the region’s support for and engagement in Advance Northeast Ohio. Earlier this year, she shifted to a part-time consulting role working on three 121,000 projects for the Fund: the Regional Prosperity Initiative, the The Lorain County Commissioners Laura Steinbrink Ag-Bio Industry Development grant and the Low-Skilled approved $121,000 in grants Workers Assistance research project. to six companies, which will be “I’ve enjoyed the opportunity to work with the Fund because it is such a dynamic, used to train and provide workers forward-looking and ground-breaking organization,” Steinbrink said. “I was buoyed with additional skills by the passion the collective group has for collaboration and risk-taking. And I believe I am living the Fund’s mission by taking the risk of launching my own business. I wish the Fund continued success and hope to find ways to associate with its members 380,000 in a new way in the near future.” Lorain County Community Fund President Brad Whitehead said Steinbrink helped build much broader College received a $380,000 grant support of Advance Northeast Ohio across the region’s 16 counties. “Thanks to Laura’s from the Dept. of Education determination and energy, more than 80 individuals and organizations are partners in to help displaced workers enter Advance Northeast Ohio,” he said. “And the three projects that Laura shepherded are the job market moving forward and promise to play an important role in strengthening our region’s economic competitiveness.” He said the Fund’s Engage and Empower Committee will evaluate how the Fund should deploy its resources to continue to strengthen regional support for economic competitiveness priorities of Advance Northeast Ohio. Pg. 6 1 4 2 2 E u c l i d A v e n u e , S u i t e 1 5 1 0 , C l e v e l a n d , O h i o 44115 • 2 1 6 . 9 2 5 . 4 9 0 0 • w w w . f u t u r e f u n d n e o . o r g