More entrepreneurs are moving into Cleveland

Ah, it seems Ohio is just really good at fostering small business from Columbus to now Cleveland.

This recent piece by Kate Rogers at CNBC cites OCDCA member Detroit Shoreway Community Development Organization.

“Local groups like the Detroit Shoreway Community Development Organization, which in part focuses on helping brick-and-mortar businesses in the city with resources and real estate, are committed to helping companies succeed. DSCDO is part of a nonprofit coalition that’s helped to raise $30 million dollars to rehab once-troubled areas like the Gordon Square Arts District over the past 10 years. In that time, they’ve brought 85 new businesses and hundreds of jobs to the area.

“Neighborhoods are getting stronger, and people are moving back to the city from the suburbs from other cities; there’s a strong desire to be here,” says Adam Rosen, the group’s economic development director. “It will get better, as long as people continue to move here.”

And people are moving back into the city. Billions of dollars have been injected into construction projects in the city’s downtown in the past few years, bringing an influx of new residents. According to a report from VentureOhio, an organization focused on catalyzing growth in the state’s entrepreneurial ecosystem, downtown Cleveland has seen a population increase of nearly 80 percent to 14,000 residents, and a 77 percent jump in millennials living in the area since 2000.”

We are proud of our members, the work they do, and the people – and communities – of Ohio.

Check out the CNBC story here.

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