Story excerpt provided by Crain’s Cleveland Business.
Written by Ray Leach and Kip Clarke.
There’s no question that Cleveland has been on the upswing in recent years, with our booming culinary and cultural scenes, downtown residency reaching new heights, and even our beloved sports teams enjoying success. But not everyone has benefited from the current boom, and that needs to change. The public, private and nonprofit sectors need to do more to bring economic opportunity to everyone, including those in our city’s most underserved neighborhoods. Our corporate community in particular has a unique opportunity — and, we feel, an obligation — to lead by example.
That’s one reason why on July 31 JumpStart Inc. and KeyBank took a dramatic step forward to deepen our partnership. KeyBank has been JumpStart’s most significant single corporate partner in the 13-year history of the organization in terms of funding, board leadership and community engagement. Our partnership has helped to create more than 11,000 new jobs, and had $1.5 billion in economic impact in Ohio in 2016 alone — $150 million of which was created by minority entrepreneurs
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Originally published August 13, 2017.