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December 01, 2005
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Innovation Blog

Economic Development Innovation

November 16, 2005

The Red Room Revolution is a group of non-profit people and entrepreneurs that are doing innovative things with economic development in an effort to revitalize the North East Ohio economy.

I have had other economic development people ask me what they are doing that is innovative.

1) Including people that represent small businesses trying to grow.

2) Making Venture Capital easy to access for people willing to move their company.

3) Giving access to city employees and well connected individuals that can help a business get off the grown faster.

4) Creating mentorships that will help companies move and get going faster.

5) The magic button: The long term goal is to streamline the process of moving or starting a business so well that in a few minutes, someone can have most of what they need to be successful in Cleveland.

Of course, this is innovative thinking but now innovative execution is required. Keeping the atmosphere positive and getting things done with a voluntary committee and a mayors office in transition will be a major accomplishment.


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