cleveland health-tech corridor
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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 - PowerPoint PPT PresentationTRANSCRIPT
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CLEVELANDHEALTH-TECH CORRIDOR
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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
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CONCEPT• Collaboration:
• City, County and State Government• Business Community• Anchor Institutions• Foundations• Incubators
• Focus:• Targeted Industry Cluster Attraction• Defined Physical Location
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NETWORK OF COLLABORATORS
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• 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
HEALTH-TECH CORRIDOR ASSETS
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PHYSICAL DEVELOPMENT
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INVESTMENT
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Incubators
think[box]
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REDEVELOPMENT OF AGORA, 5000 EUCLID AVE5 ACRE SITE, 54,000 SF of OfficeDonation to Midtown Cleveland, Development Agreement with GeisCompleted in 2012 – 90% Leased
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MIDTOWN TECH PARK, 6700 EUCLID AVE128,000 square feet, 90% Leased
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REDEVELOPMENT OF 7000 EUCLID AVEWestern Building Razed (6900 Euclid)7000 Building Prepared and Now Available6,000 square feet still available
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Victory Building, 7012 EUCLID AVE$25 million dollar project165,000 square feetPlenty of available parking
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Existing Fiber Network in Cleveland
First Energy – BrownCavtel – Light BlueCCI – BlueTDS – RedForest City Fiber - White
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Projects to be Connected to 100 Gigabit Fiber
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Land Available in Corridor
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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
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Two New Medical SchoolsCase 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
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Data Centers1. Byte Grid/Cleveland Technology Center: serves as a secure place
to put backup systems and electronic records for heavy data users -1425 Rockwell Ave
2. Bluebridge: work group recovery, virtualization, cloud computing, disaster recovery and managed storage and services - 1255 Euclid Ave
3. 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
4. Cogent: dedicated internet access, IP transit, Ethernet point-to-point, colocation services – 1621 Euclid Ave
5. Cuyahoga County Data Center: to relocate to renovated 8,000 SF 2nd floor of County Medical Examiner building - 11001 Cedar Ave
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Companies of NoteIT:1. CGI Information Technologies: IT outsourcing, application management,
systems integration and consulting, infrastructure services2. Solar Systems Networking: IT design, virtual environments, installation
and support, data wiring, VoIP phone systems, and wireless implementation
3. MCPc: customer-centric IT solutions provider that drives positive business results through practical problem solving
4. eCollect: utilizes modern banking regulations and payments laws to electronically recover returned checks for clients thus preventing the need for collections activity
Web Development:5. Wiselime/Tackk: provides a Web-publishing service for single-use and
disposable content6. Hyland Software: developer of the enterprise content management
(ECM) and process management software suite called OnBase
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Companies of Note (contd.)Marketing:1. BrandMuscle: helps national companies localize their advertising
campaigns2. Rosetta: interactive digital marketing agency3. Renters BOOM: specializes in designing, building and running
contests and promotions for property management companies using social media
4. Insivia: developer of marketing solutions through strategy and design
5. DigiKnow: digital marketing agency - develops campaigns, systems, and tools to connect people with clients' ideas and products
Medical Technology:6. Talis Clinical: developer of anesthesia information management
systems7. Explorys Medical: has developed the worlds most scalable
platform for Enterprise Performance Management (EPM) and one of the largest healthcare databases in the world
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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
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A place where little companies and large institutions work together to
challenge the impossible. That’s a big idea.
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Try + Fail + Try + Fail + Try + Fail + Try
Change the world.