A new investment program designed to grow business in Northeast Ohio is helping minority-owned business enterprises (MBEs) and women-owned business enterprises (WBEs) take advantage of the region’s economic growth. Strategic investments and a booming manufacturing industry have combined to help Northeastern Ohio become one of the top six industrial markets in North America. In 2012, the region saw the creation of 36,383 jobs, $1.7 billion in payroll and $1.8 billion in capital investment, according to a report by local economic development organization Cleveland Plus.
But in many ways, the investment boom is an unfinished story. Who ultimately benefits from this growth is yet to be determined.