Sunday, February 24, 2008
Tuesday, January 15, 2008
A Plan to Grow Cleveland’s Tech Industry - Part IV
II. The Cleveland Ventures Fund (“CVF”) – A technology-centric fund that will invest in promising technologies, partnerships within the City of Cleveland. Goal was to secure $100.0 million to be invested in Cleveland-based tech-companies.
III. The “Information Technology” Cradle – Creation of special zones along Euclid, Superior and Carnegie that allow for heavy concentration of tech companies and new real estate development.
IV. Cleveland Municipal Schools Tech Vision – The Mayor’s Office and the CEO of the Cleveland Schools creating a special tech-based curriculum for top students.
V. “Tiger Teams” – A specialized group formed to target middle-market tech and biotech firms and assist them with the relocation of their corporate headquarters or R&D facilities to the City of Cleveland. The original goal of the “IT Cradle” was to remove blight along the Euclid and Carnegie Avenue from Downtown to University Circle with new tech companies being placed in older buildings that merited new life and vigor. The hope was to target regional and national tech firms and offer economic incentives and build-out allowances to relocate into the City. I have always found Euclid and Carnegie Avenues to be rich with potential and could be our very own “Silicon Avenue.” And based upon personal experience – this is a very doable policy. My fear is that the City overlooks the success it has had in tech and will not continue to heavily recruit the next generation of Cleveland companies.
Of course, it needs to be a coordinated effort with the City leading the charge and working closely with its partners – Greater Cleveland Partnership, TeamNEO, JumpStart, NorTech and BioEnterprise. Based upon my experience Cleveland should be bursting at the seams with tech, biotech and medical device companies. The best incentive – truth be told – was not the economic incentive offered by the City (or any other organization) but the operational incentives that the City is blessed with. And by that, I mean the large fiber connections in Downtown (largest fiber pipe between New York and Chicago is resident under Euclid Avenue) and all the assets that have been built around this pipe – the various data-centers, telecom switches, network-operating centers and other tech companies. We have a natural asset (i.e. – the fiber) in which to build a national powerhouse in technology. Now let’s use it.
Tuesday, January 1, 2008
A Plan to Grow Cleveland’s Tech Industry - Part I
II. The Cleveland Ventures Fund (“CVF”) – A technology-centric fund that will invest in promising technologies, partnerships within the City of Cleveland. Goal was to secure $100.0 million to be invested in Cleveland-based tech-companies (and by the way, if Ann Arbor, MI can find $100.0 for tech-based investments then certainly Cleveland could do the same).
III. The “Information Technology” Cradle – Creation of special zones along Euclid, Superior and Carnegie that allow for heavy concentration of tech companies and new real estate development.
IV. Cleveland Municipal Schools Tech Vision – The Mayor’s Office and the CEO of the Cleveland Schools creating a special tech-based curriculum for top students.
V. “Tiger Teams” – A specialized group formed to target middle-market tech and biotech firms and assist them with the relocation of their corporate headquarters or R&D facilities to the City of Cleveland. I still believe that this plan is just as relevant today as when I first proposed it nearly six years ago. Over the coming weeks, I will be adding some detail on each policy/program, why it did or did not work and current strategies in place by other groups. I will try to be as exhaustive as I can be in the detail. I would like to hear commentary from as many people as possible on this plan and others (I have never thought mine was gospel or the only answer). At the end, though, I believe I will have offered a comprehensive plan that could propel the City as a key national player in the tech and biotech sectors.
Tuesday, September 4, 2007
Thank You, Cleveland! (I hope to see you again, soon.)
Good-Morning Everyone:
I wanted to send out a very heartfelt thank-you for all your support these last few years. As many of you may know, I will be leaving my post at the City of Cleveland to join SchoolOne – a tech company located in Playhouse Square. This was a difficult decision. My tenure at the City was incredibly robust, challenging, invigorating – never has one professional post meant so much to me. I was truly living the dream. Who would have thought that over the last three years more than 30 tech companies would have decided to call the City of Cleveland home or that we would have built out nearly 450,000 square feet of the most provocative office space on the planet, or that the City would welcome over 800 new employees to the City? And I am happy to report that there are a handful of companies nearing a decision to join us – in the best City in the world – to continue the tech renaissance that is happening right in the center of Cleveland .
The tech industry must make a commitment to Cleveland and the City must make technology development and on-going exercise. We could have our own mini-Silicon Valley along Euclid Avenue, West Ninth and Superior Avenue (these are the streets were most of the new tech companies have decided to take roost) – the seeds are there and the soil is tilled to make it so. I ask - will you make this commitment? I have. Many of your compatriots have and I hope that all of you will join me in solidifying Cleveland as the next new tech hub for the U.S. and beyond. Don’t scoff – it is very conceivable that this could happen. Don’t let the negative vibe merchants tell you otherwise. They are wrong. And we, my friends, are right. We are the next best hope for a bright and rich future for this city. It is the creative class and the entrepreneurial class that are going to propel this City to its rightful place of national prominence.
We must demand a new paradigm of capital (both human and financial) from the institutions around us (i.e. – the foundations, the banks, the equity funds, the colleges and universities, the various economic development institutions, our government). We, as the collective creative and entrepreneurial class, must demand the championship spirit that defines us from these institutions as well. We must demand attention and loyalty from them, too. It is our manifest destiny to make Cleveland enjoy a new bounty. We must have more tech companies bless our buildings downtown. It is the clustering of tech companies in a tight geographic constraint that spurs all sorts of wonderful things (tinkering, collaborating, inventing and the like). Downtown is ready for you. Please stay connected with me. I have enjoyed talking to each and everyone of you and consider all of you my friends. My personal contact information is:
Mobile : 216.212.4067
E-Mail mdealoia@mac.com
I hope we can all stay in touch and talk shop. Many, many thanks for allowing me to work with you.
Regards,
Michael C. DeAloia
Post-Scipt: I will continue to write my blog and look forward to a healthy dose of dialogue and debate. Rock on, Cleveland!