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Out & About in Cleveland

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Discussing Finance and Incentive at Midtown Cleveland

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Our first event for Thursday, March 29th, was an early morning program at Midtown Cleveland about finance and incentive programs at the city, county and state levels aimed at helping businesses/organizations expand.

The speakers were  Mr. Richard Barga, Program Manager of Brownfields and Special Projects from the City of Cleveland Dept. of Economic Development; Mr. Ted Carter, Chief of Economic Development and Business Officer for Cuyahoga County; and Ms. Christine Nelson, Vice President, Project Management and Site Selection for Team NEO which, as shown on a slide, is "the lead economic development organization for Northeast Ohio which includes Cleveland, Akron, Canton, Youngstown, among others."

Before the program started, we visited with Mr. Karl West, Director of Medical Device Solutions of the Lerner Research Institute at the Cleveland Clinic who sat right behind us. Also, we were recognized by Ms. Marie Campanelli, Executive Director of the Children's Museum Cleveland, who recognized from when we attended the opening of the Museum (located not far from "Margaret W. Wong & Associates" and invited us back to view recent changes. We may arrange to go on an adult tour which take place frequently.

During the presentations, such topics as grants, loans, tax increment financing and/or abatement, the latest developments on "opportunity zones" that were created by the tax bill passed in late January, talent acquisition, opportunities for networking and collaborations, and specific projects that received governmental assistance were reviewed.

Of special interest to us was when Ms. Nelson talked about how she works closely with Team NEO's Director of International Business Development which sends representatives all over the world to demonstrate attract international investment and entrepreneurs to Northeast Ohio. When queried about German investment, she said that she was amazed by the number of German companies that have chosen to open an office here. 

Along these lines, Mr. Carter then said that productive meetings have taken place with officials from Ireland, Israel, India, and Japan. He believed that investment in industries that do a lot o exporting should be very much encouraged.

Michael Patterson

Community Liaison,

Margaret W. Wong & Assoc. Co., LLC