The NorTech Resource Library provides links to reports published by various regional and state organizations with analyses and recommendations relating to the economic prosperity of Northeast Ohio.
News Release on the Northeast Ohio High-Tech Economy Brief (released July 29, 2010)
A Brief on the Performance of Northeast Ohio's High-Tech Economy (published July 2010)
Boosting Productivity, Innovation, and Growth through a National Innovation Foundation (Source: The Brookings Institution; Released April 2008)
This report focuses on the idea that the federal government should establish a National Innovation Foundation devoted to supporting firms and other organization in their innovative activities. A major asset of this foundation would be to boost the nation's innovation leadership, raise productivity, raise incomes, and create better jobs. /Docs/Boosting Productivity, Innovation, and Growth through a National Innovation Foundation.pdf
Cluster-Based Strategies for Growing State Economies (Source: Council of Competitiveness)
This Governor's Guide looks at a cluster's changing economic environment, recaps recent experiences, and provides recommendations for cluster initiatives that will strengthen their region and state. /Docs/Cluster-Based Strategies for Growing State Economies.pdf
Clusters and Competitiveness: A New Federal Role for Stimulating Regional Economies (Source: The Brookings Institution; Released April 2008)
Published in 2008, this report highlights industry clusters in the United State that have been successful in generating and sustaining jobs across numerous industries. It also makes the case for why the federal government should establish an industry clusters program aimed at connecting individuals and organizations within regional economies, ultimately leading to commercialization of new products and good jobs. /Docs/Clusters and Competitiveness.pdf
The Geography of Innovation (Source: Center for American Progress; Released September 2, 2009)
This report focuses on the importance of new federal effort aimed at supporting regional innovation clusters. As a critical component of national competitiveness, innovation clusters bring together a network of regional strengths, including local businesses, universities, research institutions, and more. This report suggests that the United States introduce innovation policies where both regional and federal leaders are responsible for driving economic growth. /Docs/The Geography of Innovation.pdf
Restoring Prosperity: Transforming Ohio's Communities for the Next Economy (Source: The Brookings Institution; Released February 2, 2010)
Published in 2010, this report lays out some of the specific policy options that will help Ohioans restore the prosperity that the state enjoyed during the 19th and 20th centuries. Decisions that Ohio's people and leaders make today will determine what Ohio's economy looks like in the future. Visit: http://www.brookings.edu
NorTech Begins Executive Leadership Transition (Released July 16, 2009)
2008 NorTech Year in Review (Released April 8, 2009)
2008 Venture Capital Report (Released March 10, 2009)
An annual survey of venture investing activity across the Cleveland Plus™ region of Ohio.
Northeast Ohio Information Technology Workforce Report (Released March 7, 2008)
The Northeast Ohio Information Technology (IT) Workforce Initiative, led by NorTech, analyzes the region’s demand and supply of IT professionals in Northeast Ohio. While previous research had indicated a reduction in demand for IT workers, this study suggests employers have a renewed and growing demand for IT professionals and skilled workers across the region.
“The Northeast Ohio Information Technology Workforce Report” was commissioned by NorTech, Northeast Ohio’s leading technology-based economic development organization, and prepared and conducted by the Public Services Institute at Lorain County Community College, the Center for Public Management at the Maxine Goodman Levin College of Urban Affairs at Cleveland State University, and Cypress Research Group. Other members in the Northeast Ohio IT Workforce Initiative include: Cuyahoga County Workforce Investment Board, Northeast Ohio Research Consortium of the Ohio Urban University Program, Northeast Ohio Council on Higher Education (NOCHE), Northeast Ohio Software Association (NEOSA), and Team NEO.
2007 Venture Capital Report (Released February 26, 2008)
According to the findings from the recently completed 2007 Venture Capital Report of the Cleveland region, Northeast Ohio has made significant progress with $318 million in new investments, compared to $157 million in 2006, the region saw a doubling in the amount of capital invested into its growing companies as well as a 40 percent increase in the total number of investments made during 2007. The report is a result of NorTech's Venture Capital Task Force Report with data collection and analysis led by JumpStart and BioEnterprise.
Northeast Ohio Nanotechnology Report (Released January 17, 2008)
NorTech and the Nano-Network have recently released the Northeast Ohio Nanotechnology Report, which is the result of a strategic planning exercise conducted by the NanoBusiness Alliance and funded by the Generation Foundation. The study examines the nanotechnology landscape in Northeast Ohio and Ohio overall as compared to peer regions (Central Ohio, greater Chicago, Detroit/Ann Arbor and Pittsburgh) as well as other Midwest/neighboring states (Illinois, Indiana, Michigan, Missouri, and Pennsylvania) in the areas of research funding and publications, academic patents, the concentration of small to mid size nanotechnology companies, the nanotech-related activity of large technology corporations, venture capital investment, and workforce. The report highlights Ohio’s and Northeast Ohio’s nanotechnology strengths and some specific challenges the state and region is facing is the nanotech sector. The report also allows us to assess our strengths and challenges in Ohio in order to become an even greater national player in nanotechnology.
Information and Communication Technologies Talent Initiative: Phase One Research Findings
NorTech has partnered with several other organizations in the region to gain a better understanding of the supply and demand for Information and Communication Technology (ICT) professionals and ICT skilled workers in the region (similar research was conducted between 2001 and 2002). The key issue to be addressed by the group is the shortage of adequately skilled workers required to meet the demand of Northeast Ohio Software Association (NEOSA) member companies. It is important to understand the supply and scope of the demand in order to develop appropriate strategies for filling the identified gaps. The ultimate goal of the project is to ensure that there are enough skilled workers to continue growing ICT related companies and occupations in the region. The partnering organizations and companies will guide the research which will form the basis for developing a roadmap of strategies and recommendations to improve the availability of ICT talent in the region.
Update on Early Stage Venture Capital Task Force Report:
2006 Annual Analysis of Venture Capital Investing Across Northeast Ohio
Published in February 2007, this report is a follow -up to NorTech's Early Stage Capital Task Force Report in October 2005. The report highlights that in the past three years, nearly 100 Northeast Ohio companies have received equity investments totaling more than $500 million from venture capital and private equity firms. The NorTech Early Stage Capital Task Force will continue to update this report on an annual basis.
Regional Technology Strategy Report:
Navigating the New Realities of the North Shore
Published in February 2006, NorTech’s Regional Technology Strategy report outlines a strategic framework for planning the region's technology future, including recommendations for achieving a more sustainable, globally competitive technology economy in Northeast Ohio. The report proposes an ambitious vision for Northeast Ohio in the year 2020: an innovation-focused, technology-based economy that makes the region one of the top ten places in the world to live, learn, work and invest. Copies of this report can also be downloaded from TechFutures (www.techfutures.net), the website affiliated directly with the report.
2005 NorTech Year in Review: A Year of Growth and Success
Early Stage Capital Task Force Report:
Towards a Self-Sustaining Venture Capital Continuum in Northeast Ohio
NorTech’s Early Stage Capital Task Force, comprised of leading Northeast Ohio seed, early stage and later stage venture capital investors, has recently completed its review and analysis of the early-stage venture market in Northeast Ohio. The report has been published to better inform the region about the venture capital continuum and local venture market. Additionally, our goals have included creating a demand analysis for early stage capital in Northeast Ohio and developing strategies and plans to meet those needs.
Council on Competitiveness
National Innovation Initiative Final Report: Innovate America
Innovation fosters the new ideas, technologies, and processes that lead to better jobs, higher wages and a higher standard of living. For advanced industrial nations no longer able to compete on cost, the capacity to innovate is the most critical element in sustaining competitiveness
NorTech Entrepreneurship Task Force Report:
Fostering and Nurturing Entrepreneurship in Northeast Ohio, Published April 2003
In March, NorTech's Entrepreneurship Task Force completed an exhaustive needs analysis for the region's entrepreneurs and the infrastructure they need for success. Those results as well as specific recommendations to create a sustainable environment for entrepreneurs and innovation were released in April.
Northeast Ohio Polymer Strategic Opportunity Roadmap
www.polymerohio.org/documents/PSORExecutiveOverview.pdf
Ohio Aerospace Council/Battelle Memorial Institute Report:
A Strategic Roadmap: Analysis of NASA Glenn’s Potential as an Engine for Northeast Ohio’s Economic Development, Published February 2003
Over 16 corporate and private foundations supported the Battelle Technology Partnership Practice to create a "roadmap" showing how NASA Glenn can be utilized to provide momentum for Northeast Ohio's economy. The study was prepared for the Ohio Aerospace Council OAC
Ohio Business Roundtable Prospectus:
World Class Ohio: A Prospectus for Achieving Success in The Third Frontier, Published June 2003
Submitted to Gov. Taft and other state leaders earlier this month, this report provides investment and resource recommendations for Ohio's Third Frontier Project. The prospectus also details the key-growth areas within the state to focus resources.
Weatherhead's Center for Regional Economic Issues:
Profile of the Northeast Economy: Updated April 2003
Why Ohio? Come Grow with Us.
Why Ohio
4-Page Summary
In addition, here are some of the links that we have featured on our website: