Entries in "Crain's Cleveland Business"
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January 26, 2007
The week
Crain's Cleveland Business, January 26, 2007
Opposite direction: Case Western Reserve University is forecasting a deficit for fiscal 2007 of $14 million, which is 33 percent larger than its previous projection of a $10.5 million deficit for the year ending next June 30.
Also mentioned in the weekly review is the decision by Solon, Ohio,-based Swagelok Co. to form a subsidiary to commercialize a technology it is developing with Case. Read article.
January 24, 2007
Venture dollars drop for local biotechs
Crain's Cleveland Business, January 24, 2007
Investors injected $87 million into young health care companies in Northeast Ohio in 2006—barely half of what was raised in 2005, but $26 million more than 2004, according to an annual report by BioEnterprise Corp. BioEnterprise president Baiju Shah said he is "very encouraged" by the findings, which he said indicate an upward trend in health care investment, despite the drop from 2005. Mr. Shah spread credit for the increase in investment over the past few years to institutions such as the Cleveland Clinic and Case Western Reserve University; a growing venture capital community; and groups such as BioEnterprise and JumpStart, a nonprofit that invests in early stage companies with high growth potential. Read article.
January 09, 2007
Case recruits Clinic administrator
Crain's Cleveland Business, January 9, 2007
Case Western Reserve University has snagged one of the Cleveland Clinic's top administrators to head up university relations and development. Bruce Loessin will take over as Case's senior vice president for university relations and development on January 16. Read article.
January 04, 2007
Weatherhead gets $2.4M in gifts
Crain's Cleveland Business, January 4, 2007
Fairmount Minerals Ltd. of Chardon has made two gifts totaling $2.4 million to the Weatherhead School of Management at Case Western Reserve University to bolster the school's Center for Business as an Agent of World Benefit. "The principals and managers at Fairmount Minerals have supported Weatherhead for more than 20 years. We are delighted that they have chosen to permanently associate their name with our school," said Mohan Reddy, dean of the management school, in a statement. Read article.
December 22, 2006
Reddy takes Weatherhead job permanently
Crain's Cleveland Business, December 21, 2006
Case Western Reserve University has taken the "interim" off Mohan Reddy's dean title at the Weatherhead School of Management. The university announced that Reddy has been named permanent dean at the business school, succeeding Myron Roomkin, who stepped down last August 1. Reddy was named interim dean last August 10. Read article.
December 18, 2006
Case appoints new president
Crain's Cleveland Business, December 15, 2006
Case Western Reserve University has hired its first female president in Barbara Snyder. Currently the executive vice president and provost at Ohio State University, Snyder will begin July 1, 2007, according to a December 15 letter to the community from Frank Linsalata, chairman of Case's board of trustees. "She is an articulate and energetic proponent for the integral role research universities play in determining the scientific, cultural and political future of our world," Linsalata said. Read article.
December 11, 2006
Case seeks aid for sublease of Halle space
Crain's Cleveland Business, December 11, 2006
Case Western Reserve University is taking a step that signals it may be preparing to drop or scale back its long-stalled plan to move about 300 employees from its University Circle campus to downtown Cleveland. The university has sought proposals from four real estate brokerages for how they'd handle a sublease of office space Case has leased at the Halle Building, said Lisa Chiu, Case's director of media relations. Case two years ago leased 120,000 square feet in the building at 1228 Euclid Ave. but never has occupied it. Read article. (subscription required)
Case lecturer sees drop in GDP growth
Crain's Cleveland Business, December 11, 2006
Gross domestic product growth will slow and unemployment will rise, but the economy will remain in decent shape for 2007, according to an economic forecast by Sam Thomas, a senior lecturer in banking and finance at the Weatherhead School of Management at Case Western Reserve University. In an interview prior to delivering the 33rd annual David A. Bowers Economic Forecast on December 8, Thomas said he projects real GDP growth of 2.4 percent for 2007, down from 3.2 percent in 2006. Read article.
Happy returns: Hobbyists-turned-entrepreneurs make their leisure activities serious business
Crain's Cleveland Business, December 11, 2006
Art Good is a certified public accountant. As the owner of Arthur W. Good C.P.A. Inc. in Seven Hills, he provides tax planning and accounting system design services. He also is a Cecropia moth breeder, the "guy that figured out how to raise moths" free from disease and safe from predators. His unusual fascination with moths aside, Mr. Good is far from unique in his drive to make a business out of his hobby. But he does typify the kind of entrepreneur who manages to make money off of what was once just an enjoyable pastime. "These folks back into the business, but still have 'keys' to a business," said Tracey Messer, an organizational behavior doctoral candidate at Case Western Reserve University's Weatherhead School of Management in Cleveland. Read article. (subscription required)
December 06, 2006
Alternatives to coal for alternative energy
Crain's Cleveland Business (Letters to the Editor), December 4, 2006
Written by Stephen Lamoreaux, economics major, Class of 2008
Allowing the city of Cleveland to invest in a coal-burning power plant, as noted in your November 13 story, "Cleveland Public Power eyes stakes in Ohio plant," seems hypocritical in light of recent statements made by Ohio's senator-elect, Sherrod Brown, no matter how clean proponents claim it can be. If Ohio is going to become the "Silicon Valley of alternative energy," it is necessary to consider alternatives and their potential economic and environmental impacts. Ohio should look to concepts like distributed energy, the use of photovoltaic modules, and fuel cells assembled in a noncentralized method. Read article. (Subscription Required)
December 04, 2006
Growing health advocacy industry takes pressure off individuals
Crain's Cleveland Business, December 4, 2006
Tom Bregar spent two years writing what he calls the "perfect software program" to flush out errors and reconcile and compile medical bills and insurance. In 2002, he turned his idea into MedBill Advantage—his Broadview Heights company that is part health-service- and part technology-based. Today, MedBill Advantage is part of a growing industry of health advocates geared toward helping busy and overwhelmed patients work their way through the health care maze. "This is an outgrowth of taking care of grandma's bills from a shoebox," said J.B. Silvers, faculty director of the Health Systems Management Center in Case Western Reserve University's Weatherhead School of Management. Read article. (subscription required)
November 28, 2006
Case student named Rhodes Scholar
Crain's Cleveland Business, November 27, 2006
A Case Western Reserve University student is one of 32 students selected in the United States to become a Rhodes Scholar in 2007. Shaan Gandhi, a fourth-year biochemistry and chemistry major from Battle Creek, Mich., will study at the University of Oxford to obtain his master of science in integrated immunology. Read article.
November 21, 2006
Forty Under 40
Crain's Cleveland Business, November 20, 2006
From salon owner to fashion expert, and senior vice president to chief medical officer, Crain's Cleveland Business highlights a vibrant group of people under the age of 40 making a difference in the region, including Lara Kalafatis, vice president of university relations at Case Western Reserve University. Read article.
November 09, 2006
Back to 'Case Western Reserve University'
Crain's Cleveland Business, November 9, 2006
After the marketing fiasco that led to Case Western Reserve University alumni snubbing the private institution, Case once again is asking everyone to refer to the university by its full name until revisions can be made. In a letter issued to the community today, Case's interim president Dr. Gregory Eastwood assured the public that the name of the university has not changed and will not change as the school approaches its 40th anniversary under the Case Western Reserve name. Read article.
November 06, 2006
Orthopedic boom continues
Crain's Cleveland Business, November 6, 2006
There's no need to sit around with achy joints when surgery can fix it. That's the mindset of many Americans today, and one that's prompting hospitals to cash in on the popularity of orthopedic surgery. "We're seeing a huge increase in people around the country who want orthopedic surgery," said Randall Marcus, Charles H. Herndon professor and chairman of orthopedics at Case Western Reserve University. Read article (subscription required).