News

Team NEO released a request for proposals to identify 1,000 plus acre mega sites to win major attraction projects and accommodate existing company expansions. Dennis McAndrew was interviewed by Crain's Cleveland about the challenges the Cleveland-area faces by not having virgin farmland within close proximity to the metro area.

Silverlode's annual economic impact study for JumpStart Inc. shows the startups and small businesses supported by JumpStart and its partners contributed $1.2 Billion of economic output to Ohio's economy in 2021. The study emphasizes the contributions of companies led by Black, Hispanic/Latino, and female entrepreneurs.

Congratulations to our clients, Millennia Housing Development, Kaufman Development, and Uptown Mentor, who are among the first recipients of Ohio Transformational Mixed-Use Development (TMUD) tax credits. Awards of the first annual round of tax credits were announced today.

Millennia was awarded the TMUD incentive for its Centennial redevelopment project in downtown Cleveland, Kaufman was awarded the incentive for the second phase of its Gravity development in downtown Columbus, and Uptown Mentor was awarded the incentive for its Uptown Mentor development in downtown Mentor.

Nature's Touch Frozen Foods will invest $40.3 million to expand an InterChange Group facility to become a 126,000 square-foot, state-of-the art, environmentally sustainable production facility in Virginia. The investment will create 67 jobs in Warren County. Silverlode assisted the companies with the crafting of a public-private partnership to support their continued growth in Virginia.

Cleveland Clinic reported $34.55 billion of economic activity in the U.S. in 2019. Silverlode conducts economic and fiscal impacts for Cleveland Clinic every three years. The most recent study was published in collaboration with Cleveland Clinic's 100th anniversary celebration. See a summary of Silverlode's economic and fiscal impact study here: A Vital Force in Ohio's Economy