About Gateway economic development corporation of greater cleveland
Gateway Economic Development Corporation of Greater Cleveland: Driving Economic Growth and Development in Northeast Ohio
Gateway Economic Development Corporation of Greater Cleveland (GEDC) is a non-profit corporation that has been at the forefront of driving economic growth and development in Northeast Ohio for over three decades. Established in 1989, GEDC has played a pivotal role in transforming the region's economy by creating jobs, attracting businesses, and revitalizing communities.
As a leading economic development organization, GEDC is committed to promoting sustainable economic growth through strategic partnerships with businesses, government agencies, educational institutions, and community organizations. The organization's mission is to create an environment that fosters innovation, entrepreneurship, and investment while enhancing the quality of life for residents.
One of GEDC's most notable achievements is its ownership of two major sports facilities - Progressive Field (home to the Cleveland Indians baseball team) and Quicken Loans Arena (home to the Cleveland Cavaliers basketball team). These iconic venues have not only brought world-class sports entertainment to Northeast Ohio but have also served as catalysts for economic development by attracting visitors from across the country.
In addition to owning these two sports facilities, GEDC has been instrumental in developing several other high-profile projects that have had a significant impact on the region's economy. These include:
- The Gateway Sports and Entertainment Complex: This state-of-the-art facility houses both Progressive Field and Quicken Loans Arena along with restaurants, bars, retail shops, offices spaces.
- The Flats East Bank: A mixed-use development project located on the banks of Cuyahoga River featuring luxury apartments hotels restaurants bars retail shops office spaces.
- The Global Center for Health Innovation: A world-class healthcare innovation hub located downtown which serves as a platform for healthcare technology companies researchers clinicians policymakers investors patients etc.
- The Hilton Cleveland Downtown Hotel: A 600-room hotel located adjacent to Convention Center which serves as an anchor attraction for conventions meetings events etc.
GEDC's success in driving economic growth and development in Northeast Ohio can be attributed to its strategic approach to economic development. The organization focuses on four key areas:
1. Business Attraction and Retention: GEDC works closely with businesses of all sizes to attract new investment, retain existing businesses, and create jobs. The organization provides a range of services including site selection assistance, workforce development programs, financing options, and regulatory assistance.
2. Entrepreneurship and Innovation: GEDC supports entrepreneurs by providing access to capital, mentorship programs, incubator spaces, networking opportunities etc. The organization also promotes innovation by fostering collaboration between businesses educational institutions research organizations etc.
3. Community Development: GEDC is committed to revitalizing communities by investing in infrastructure projects that enhance the quality of life for residents such as parks trails public transportation systems etc.
4. Workforce Development: GEDC works closely with educational institutions employers workforce training providers etc., to ensure that the region has a skilled workforce that meets the needs of businesses operating in Northeast Ohio.
In conclusion, Gateway Economic Development Corporation of Greater Cleveland is an essential player in driving economic growth and development in Northeast Ohio. Its strategic approach to economic development has resulted in significant investments job creation community revitalization innovation entrepreneurship etc., making it one of the most successful non-profit corporations operating today. With its ownership of Progressive Field Quicken Loans Arena along with several other high-profile projects under its belt GEDC is poised for continued success as it continues its mission of promoting sustainable economic growth throughout the region!