Ohio Governor Designates Cleveland Health and Technology Corridor an Innovation Hub

A $250,000 state grant, administered by the Ohio Department of Development, will support the Corridor and bring together the Cleveland Health and Technology Corridor partners, including the Cleveland Clinic, University Hospitals, Case Western Reserve University, Cleveland State University, the Greater Cleveland Partnership, the Cleveland-Cuyahoga County Port Authority, the Cleveland Foundation, the Cuyahoga County Department of Development, the City of Cleveland, MidTown Cleveland Inc. and BioEnterprise.

The goal of the Ohio Hub strategy is for a region to leverage its resources to attract clusters of connected businesses, encourage new investments and an influx of talented workers, and create new opportunities to grow jobs and develop Ohio’s key industries.

To be designated an Ohio Hub, a region must identify core technological strengths that support a nationally recognized industry sector in a defined urban area that includes an anchor research institution. The designation consists of a commitment from both the state and region to work collaboratively and target economic development efforts toward building upon those identified strengths.
 

The Cleveland Health and Technology Corridor will focus on promoting entrepreneurship, economic development and commercialization in the bioscience field, focusing on the development of medical devices for cardiovascular, imaging and neurostimulation applications. The Cleveland Hub currently includes 75 biomedical companies, 45 high-tech companies and 50,000 healthcare and biomedical employees