cleveland health-tech corridor

CLEVELANDHEALTH-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

• 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

PHYSICAL DEVELOPMENT

INVESTMENT

Incubators

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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

MIDTOWN TECH PARK, 6700 EUCLID AVE128,000 square feet, 90% Leased

REDEVELOPMENT OF 7000 EUCLID AVEWestern Building Razed (6900 Euclid)7000 Building Prepared and Now Available6,000 square feet still available

Victory Building, 7012 EUCLID AVE$25 million dollar project165,000 square feetPlenty of available parking

Existing Fiber Network in Cleveland

First Energy – BrownCavtel – Light BlueCCI – BlueTDS – RedForest 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 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

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

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

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

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.