March 30, 2009
City of Cleveland Impact
• Case Western Reserve University employs nearly 3,000 full-time employees who earn more than $300 million in wages and generate over $850 million to Northeast Ohio region's economy;
Greater Circle Living Program:
• Now known as the Greater Circle Living Program, the University was a pioneer in establishing the Employee Housing Program in 2004 which leveraged several million dollars of housing opportunities for nearly 80 full-time employees by investing more than $500,000 to help them become first time home buyers in the City of Cleveland. Today, the program is comprised of a coalition of University Circle institutions who collectively have invested $4 million to stimulate investment in and revitalization of Greater University Circle neighborhoods. The forgivable loan program targets an estimated 43,000 people who work in Greater University Circle and may consider buying homes there.
Greater Circle Living offers a $5,000 forgivable loan for down payment and/or closing costs for the purchase of an owner-occupied home by full-time employees of any nonprofit institution in Greater University Circle, a district encompassing portions of seven Cleveland neighborhoods.
Employees of Case Western Reserve University, Cleveland Clinic, Cleveland Museum of Art, Judson at University Circle and University Hospitals may be eligible for an additional $10,000 forgivable loan for down payment or closing costs for the purchase of an owner-occupied home, or one month's rental reimbursement in Greater University Circle. Employees at these institutions currently living in the district may be eligible for up to $4,000 in matching funds for exterior renovations.
The program is funded by CWRU, Cleveland Clinic, the Cleveland Foundation, Cleveland Museum of Art, Judson at University Circle, the Kent H. Smith Charitable Trust, the Surdna Foundation and University Hospitals. Inspired by a program in West Philadelphia by the University of Pennsylvania, Greater Circle Living aims to transform Greater University Circle into destination not only for visitors who already flock to its cultural institutions, but for employees seeking to live near these amenities and the places where they work. For more information about this program, contact the Farifax Renaissance Development Corporation at (216) 361-8400.
• The growing campus skyline validates the university’s economic vitality in construction projects alone: Phase I of the Village at 115 student-housing facility opened in 2006, was a $130 million project that created 600 construction jobs in the city; The new home for the Mandel Center for Nonprofit Organizations (a nearly $10 million dollar project) opened its doors in the early Fall of 2007; Uptown is approximately $150 million commercial/residential project that will feature a unique mix of arts, retail and residential housing in University Circle.
Leader in Supplier Diversity:
• Formed in 2002, the Supplier Diversity Initiative Council was designed to assist minority and women-owned business enterprises in gaining greater access to business opportunities at the university. Since its formation, Case has awarded over $145 million of business to diverse businesses in a variety of industries ranging from construction and professional services. The Supplier Diversity program has been recognized locally and nationally as one of the most progressive and successful programs of its kind.
• CWRU Faculty, staff and students invest nearly 400,000 hours of volunteer service throughout the Greater Cleveland community year-round;
• We coordinate over 500 community programs with nearly 300 nonprofit agencies where 95% are located throughout the City of Cleveland alone;
• Since 2003, over 2,000 Faculty, staff and students participate in Case for Community Day: an annual campus-wide event that dedicates a half-day of volunteer service throughout the local community;
• Raised nearly $1 million for local charity partners comprised of United way, Earth Shares and Community Shares since 2001;
• Offer the Case Community Card to Greater Cleveland residents which provides access to some of our campus facilities, along with a variety of discount benefits and services provided to all Case employees and students;
• Provide life-long learning classes and variety of health programs at little or no charge to the growing senior community in Cleveland.
Cleveland Metropolitan School District (CMSD):
• Out of the university's 600 community partners, CMSD is the university's number one community partner. We conservatively invest over $11 million of campus resources via services and programs that collectively impact the districts 145,000 students, principals and staff in the areas of academics, health, social service and economic development.
• In partnership with the Cleveland Scholarship Program, Case Western Reserve University will raise $20 million over the next five years to fund scholarships for CMSD students in perpetuity.
• We coordinate over 80 vital health programs with nearly 70 local health agencies. Many of those programs are held with major health partners such as the Cleveland Department of Public Health, University Hospitals Health Systems, the Cleveland Clinic Foundation and MetroHealth Medical Center.
• A major contributor to arts & culture experienced throughout the University Circle neighborhood, Case Western Reserve University is a primary sponsor of hundreds of special events and programs that are open to the campus community year-round. From Case for Community Day, the Distinguished Lecture Series, Saturday College (SatCo), MLK Convocation Series, Gospelfest and many others.
Technology & Research:
• In 2003, Case launched OneCleveland, the largest free, public wireless network in the nation that features over 1,200 wireless access points available to thousands of daily users. This company is now called OneCommunity.;
• Case Western Reserve University’s research and technology resources created many new business opportunities for the region. Three examples include:
• BioEnterprise(Co-founded in 2002): created over 50 companies, attracted more than $420 million in new funding and generated over $65 million in revenues collected by technology offices and developed more than 160 technology transfer deals concluded with industry partners.
• Case Technology Ventures (founded in 2002): A $5 million pre-seed fund focuses on businesses using Case-related technologies and has created 3 new companies since its inception.
• JumpStart (Co-founded in 2003): invested more than $1.2 million in five companies since 2004;
Posted by: Latisha James March 30, 2009 03:11 PM
Category: Buckeye-Woodland , Case Quick Stats , Center for Community Partnerships , Cleveland Clinic Foundation , Cleveland Foundation , Cleveland Museum of Art , FAMICOS Foundation , Fairfax Renaissance Development Corporation , Glenville Development Corporation , University Hospitals of Cleveland