Sunday, June 28, 2009

Baiju Shah leads a BioEnterprise team helping build Northeast Ohio's biomedical industry

by Tom Breckenridge/Plain Dealer Reporter
Sunday June 28, 2009, 4:00 AM

Baiju Shah likes to make the pieces fit.

Whether it was slapping together 50-piece puzzles as a Mayfield toddler or coaxing new business from the region's medical powerhouses, Shah thrills to the greater good that grows with each new link.

A man variously described as "a walking Rolodex," "smart as hell" and a "master facilitator" heads BioEnterprise.

The nonprofit, headquartered in University Circle, is charged with boosting growth in the region's health care economy.

So far, BioEnterprise claims a hand in the growth of 89 biomedical companies throughout Northeast Ohio. They've drawn $859 million in capital and generated 1,900 jobs.

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Wednesday, June 17, 2009

Recession will last longest in Midwest, including Ohio, two reports show

by Tom Breckenridge/Plain Dealer Reporter
Wednesday June 17, 2009, 12:01 a.m.

CLEVELAND -- The recession has hit hardest and will last the longest in manufacturing-heavy areas of the Midwest, including Ohio and Cleveland, two new snapshots of the nation's economy show.

The Cleveland area's economic output -- the value of all goods and services -- has declined more than most metro areas' since its last peak in late 2004, a Brookings Institution report to be released today shows.

Greater Cleveland ranked 95th among the nation's largest 100 metropolitan areas in economic growth, with a 6.2 percent drop, the Brookings analysis of Moody's Economy.com data said.

"The auto industry and its supply chain have fallen off a cliff, and so has the Cleveland economy," said Brookings economist Howard Wial, one of the study's authors.

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