Growth & Opportunity is about growing the economy in ways that create more opportunities for all people through strategies that simultaneously advance job creation, job preparation and job access.
Spotlight on Property Surveying
The Akron Property Inventory Report from Western Reserve Land Conservancy's Thriving Communities Institute provides a comprehensive assessment of more than 97,000 parcels within Akron, Ohio. The detailed report and maps within it serve as useful tools for civic leaders in the city and across Northeast Ohio to identify redevelopment opportunities that can lead to both growth and opportunity. Read more here.
The Fund for Our Economic Future's framework for how to take a collaborative approach to building stronger, more equitable local and regional economies through job creation, job preparation and job access efforts.
Northeast Ohio faces a continual barrage of good news/bad news data. How is the region really doing? Fund for Our Economic Future's Director of Research and Evaluation Emily Garr Pacetti provided some clarity in this recent
The Plain Dealer. The takeaway? "R
esearch points the region to a loftier goal than just adding 'jobs,'" she wrote. "Rather, we should invest in good jobs, while ensuring that all segments of the population have access to them."
Garr Pacetti's piece referenced an earlier
op-ed in the same paper by Richey Piiparinen, director of The Center for Population Dynamics at Cleveland State University, who espoused neither booster-ism, nor doom and gloom.
The above new video from the Fund explores these themes in more detail, and lifts up WorkAdvance, a national pilot that helps low-wage residents onto a career path and connects them to employers in need of talent, as an example of what can happen when we combine growth with opportunity.
In the News
Growth Opps Launches
JumpStart launched Growth Opportunity Partners Inc. (Growth Opps for short) last month to help small businesses that might not otherwise have access to traditional financing prosper and grow. As a Community Development Financial Institution, Growth Opps will work with clients in low-income neighborhoods and assist with the creation of good-paying jobs for disconnected populations. Growth Opps raised $3.7 million from the federal government and others, including the Fund for Our Economic Future and The Cleveland Foundation. The nonprofit made its first loan to Sports and Spine Physical Therapy. Learn more about JumpStart and Growth Opps at Startup Scaleup, a daylong series of events on starting and scaling businesses on Wednesday, June 17, in Cleveland.
Where You Grow Up Matters
latest research on economic mobility makes a strong case for why the neighborhood where one grows up matters. Building on
previous research that looked at how economic mobility varies in metros across the U.S. and the characteristics of places with greater mobility, Harvard University economists Raj Chetty and Nathaniel Hendren focus on families who have moved to determine how the specific neighborhood where one grows up affects upward mobility. They found that "e
very year of exposure to a better environment improves a child's chances of success." The single biggest factor contributing to a family's odds of escaping poverty? Commute time. See how the place where you grew up fares.
From the Blogosphere
In this recent
post on The Intersector Project Blog, Chris Thompson, director of regional engagement for the Fund for Our Economic Future, laid out three pre-conditions for launching cross-sector collaborations: a compelling cause, galvanizing leadership and high-performing organizations. Engaging public officials early and often in such collaborations will ensure these pre-conditions are met and that those involved can avoid "coblaboration," he wrote.
Policy Summits and Convenings
Connecting with the Corridor series will provide the broader Cleveland community with updates on the many aspects of the
Opportunity Corridor project, a $331 million, 3.5-mile roadway connecting Interstate-490 and Cleveland's University Circle. A free panel discussion among representatives from the City of Cleveland, the Opportunity Corridor Partnership Office and the Ohio Department of Transportation will take place
Wednesday, May 27, at 4 p.m., at The City Club of Cleveland. Click here for more info.
The Greater Ohio Policy Center (GOPC) will host its 2015 Summit, "Restoring Neighborhoods, Strengthening Economies," June 9-10, at the Westin Columbus in Columbus, Ohio. The Summit, designed for civic, business and nonprofit leaders from across the state and the country, will address a wide range of topics essential to sustainable economic growth. Click here for more info.
CEOs for Cities is hosting an interactive workshop on developing inclusive economic strategies to drive innovation and growth through unlikely partnerships. Designed for CEOs for Cities' existing and emerging City Clusters, the workshop will take place
June 10-12, at Heinz History Center in Pittsburgh.Click here for more info.
The Federal Reserve Banks of Cleveland, Philadelphia and Richmond will host the 2015 Policy Summit on Housing, Human Capital and Inequality
June 18-19, at the Omni William Penn Hotel in Pittsburgh. The focus of this year's event is inclusive economic growth.
Click here for more info.