2013 Annual Report

2013 -- Our Fund's first year of Phase 4 resulted in nearly 2,300 jobs created, $153 million of payroll added and $575 in capial raised.   Over the past ten years, our efforts have helped bring nearly 15,000 jobs, more than $550 million in payroll and exceeded $3 billion in capital attracted to our region.

WorkAdvance Nominated As Top Workforce Initiative

CLEVELAND--March 21, 2014--WorkAdvance, an innovative local workforce program that has helped 294 individuals enter promising careers and has engaged 305 companies to strengthen their talent pool, was nominated by manufacturing economic development organization WIRE-Net for Great Lakes Manufacturing Council’s Talented Workforce Initiative. The 30 nominees include programs in cities in seven states and two provinces, as well as four US and Canadian national programs.

Vibrant NEO: A Vision and Framework for the Future of Northeast Ohio

CLEVELAND--March 21, 2014--With support from the Fund for Our Economic Future, the Northeast Ohio Sustainable Communities Consortium recently delivered Vibrant NEO 2040, a regional vision,  and tools for making Northeast Ohio more vibrant, resilient and sustainable.  The Vibrant NEO Vision, Framework and Action Products describe in detail the roadmap, initiatives, policy changes and leadership needed to create a stronger region.  In particular, the Fund’s interest and support for this unprecedented initiative ensured the  robust regional collaboration needed to create the Vision It

Use Cleveland-East Cleveland merger to build a regional approach to problem-solving

Plain Dealer Columnist Brent Larkin interviewed Fund member Dave Abbott, executive director of the George Gund Foundation, about the advantages of developing a more regional approach to addressing the priorities facing our communities. 

The context for the column was the possibility of a merger between the cities of Cleveland and East Cleveland.

Grant to Advance Biomedical Industry

CLEVELAND--Dec. 4, 2013--The Fund for Our Economic Future announced it has awarded a one-year grant of up to $550,000 to BioEnterprise to advance efforts to strengthen the growing bioscience industry in Northeast Ohio. The grant award was made on Tuesday, Dec. 3, by a vote of the Funders Committee, the Fund’s governing board.

The Fund is a philanthropic collaboration of more than 50 foundations and organizations committed to advancing a growing, opportunity-rich economy for the people of Northeast Ohio.

Catalyzing Transformation Report Generates Attention

National, social and regional media helped spread the word about the key lessons in the Catalyzing Regional Economic Transformation report jointly issued by our Fund and the Knight Foundation.

Catalyzing Regional Economic Transformation

In November 2013 the Fund for Our Economic Future and the Knight Foundation jointly issued a report: Catalyzing Regional Economic Transformation. The report defines six key lessons learned during the Fund's work to date that we believe are helpful to philanthropic and civic leaders across the country who are working to strengthen their respective regional economies.

Download the report.

Knight Report Highlights Fund for Our Economic Future, Lessons Learned

AKRON, OH--Nov. 19, 2013-- A new report issued with the Knight Foundation highlights key lessons that can help civic leaders from across the country to transform their regional economies.

The report, "Catalyzing Regional Economic Transformation: Lessons From Funder Collaboration in Northeast Ohio," highlights the experiences of the Fund for Our Economic Future, launched in 2004 by a group of philanthropic organizations to turn around the hard-hit economy of Northeast Ohio.

The Fusion of Inclusion; Expanding Minorities' Technology-Sector Presence is Critical to Fueling Northeast Ohio's Competitive Drive

This report is an attempt to quantify what is anecdotally observed: Few African-Americans and Latinos are participating – let alone creating new businesses and jobs for others – in Northeast Ohio’s technology sectors. This report attempts to understand the reasons and consequences for this disparity and craft strategies for connecting more minorities to the innovation economy.

Driving the Recovery Home

The report, Driving the Recovery Home, is the sixth edition of the Dashboard of Economic Indicators (since renamed What Matters to Metros), which measured the region’s economic performance in the context of a slow-growth, fragile, post-recession economy.


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