Fund for Our Economic Future Approves Grants Totaling $1.9 Million

ELYRIA, OH--Sept. 11, 2014--The Fund for Our Economic Future (the Fund), a collaboration of 50 funders, including foundations, higher education institutions, health care systems, businesses, and others, has approved up to $1.9 million of grants to support the job creation efforts of regional economic development organizations BioEnterprise, JumpStart and MAGNET. These grants further the mission of the Fund, which is committed to advancing economic growth that can be shared by all people of Northeast Ohio.

Chris Thompson on How to Close the Region's Opportunity Gap

Fund Director of Regional Engagement Chris Thompson authored an op-ed in the Akron Beacon Journal espousing the good work being done in Akron and Summit County, Ohio, to close "the opportunity gap."

Our Chair Deb Hoover on Women in Entrepreneurship

Our Chair Deborah Hoover, president and CEO of the Burton D. Morgan Foundation, writes that a "stubborn gender gap remains in entrepreneurship" with "nearly twice as many males as females" starting their own businesses. In this Crain's Cleveland Business op-ed, she offers up some ideas on how to close that gap. 

The Fund, Others Respond to Plain Dealer Article on the Skills Gap

Our Fund, MAGNET and Towards Employment responded to an Aug. 3 Plain Dealer story with a letter to the editor about a skills-based hiring initiative, which is initially being rolled out in Cuyahoga and Summit counties. The Joyce Foundation of Chicago and the Alcoa Foundation have made commitments totaling $600,000 for the two-year $1.1 million program; JPMorgan Chase & Co. is considering a $150,000 grant. Implementation planning is underway with community and employer partners, as well as potential local funders. 

Closing the Skills Gap Becoming a Focus in Cleveland and Washington, D.C.

By Olivera Perkins, The Plain Dealer

Philadelphia Fed Publication Features Q&A with Brad Whitehead

The summer issue of Cascade, the community development publication of the Federal Reserve Bank of Philadelphia, features a Q&A with President Brad Whitehead, who shares key lessons learned at the helm of our Fund, which marks its 10-year anniversary in 2014. Click here to read the full story.

Job Growth, Without Smart Planning, Can Still Leave Many Behind

Northeast Ohio, its economic challenges, and proposed solutions (inclusive growth strategies) are featured prominently in this post on the Confronting Suburban Poverty in America blog. Our Fund's Emily Garr Pacetti, director of research and evaluation, who was interviewed for the post, notes the "surprising disconnect between job growth and income gains that challenges this region and many others to look at growth more sustainably than in the past." Garr Pacetti says that "collaborative, and, importantly, regional approaches can better help connect growth and opportunity for residents." 


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