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FFEF in National Spotlight

National Journal and new book highlight philanthropy’s work to advance growing, opportunity-rich economy in Northeast Ohio

CLEVELAND--June 17, 2013--The National Journal recognized the Fund for Our Economic Future in a special issue published this month that highlights “pragmatic problem-solvers in business, the civic sector, local government, and partnerships that creatively combine all three.” The Fund was named the winner in the regional economic-development category. The Fund was recognized for its efforts to align the resources and actions of philanthropy, business, education and other stakeholders “that has ignited a tangible turnaround in a region that has symbolized American industrial decline since the 1970s.”

Fund President Brad Whitehead will speak on the Fund’s work during the National Journal’s Back in Business Forum on June 19 in Washington D.C., which is being held in conjunction with the special issue. The National Journal is a Washington D.C.-based publication that covers national politics and policy.

The recognition from the National Journal comes as the Fund’s work to advance a growing, opportunity-rich economy for the people of Northeast Ohio is also featured in a book published June 17, “The Metropolitan Revolution,” published by the Brookings Institution. The book’s authors, Bruce Katz and Jennifer Bradley, make the case that “the nation’s cities and metropolitan areas, and the networks of pragmatic leaders who govern them, are taking on the big issues that Washington won’t, or can’t, solve.  They are reshaping our economy and fixing our broken political system.”

In a chapter devoted to Northeast Ohio’s efforts to build what the authors describe as a “post-hero economy,” the Fund is praised for “bolstering a network of economic development organizations that are changing the economy of Northeast Ohio.”

“The Fund will work to turn the national attention into more resources and support for strategies that strengthen the region’s economy,” said Deborah D. Hoover, chair of the Fund and president and CEO of The Burton D. Morgan Foundation. “All of our partners in the private, public and non-profit sectors deserve much of the credit for the attention that the Fund has received from the National Journal and Brookings. We are just one part of an influential network of collaborators who are all focused on building a brighter economic future for the people of Northeast Ohio. In the past we’ve been able to leverage this type of high profile national attention into more federal support for our region’s strategies and initiatives and we intend to do that again.”

Since 2004, philanthropic organizations and institutions have committed more than $92 million through the Fund, a collaboration of organized philanthropy rooted in the belief that philanthropy can and should play a vital role in leading and sustaining efforts to build a vibrant, globally competitive Northeast Ohio. Members of the Fund collectively determine how it will invest its resources. The Fund has raised $10.1 million to date in Phase 4 (2013-2015) of its work.