Story excerpt provided by Cleveland Plain Dealer.
Written by Julie Washington .
CLEVELAND, Ohio — When you slow down at a traffic light, think of Garrett Morgan, an African-American inventor who sold his newfangled traffic light, the yellow light was his idea, to General Electric Co. in the 1920’s.
Morgan, along with numerous other inventors and entrepreneurs, made Cleveland a hotbed of innovation during the city’s early decades. Now, the region’s willingness to reinvent its economic landscape is helping it stay competitive globally during the digital revolution.
Shipping, autos and steel made the city an industrial powerhouse during the Industrial Age. But in the 1990s, Cleveland lost several Fortune 500 companies, and startups struggled to get off the ground floor, said Ray Leach, CEO of JumpStart. Between 1990 and 2002, Northeast Ohio was among the worst-performing areas for entrepreneurship in the United States, as ranked by Entrepreneur magazine.
Click here to read the complete article.
Originally published September 17, 2017.