Mayor Justin Bibb's administration plans to seed the effort with $50 million in American Rescue Plan Act money, almost 10% of the city's pool of pandemic-recovery funds.
Tech giant Canon Inc. is gearing up to make Cleveland the home of a U.S.-based medical imaging unit that would significantly expand the company's research and development efforts in the country. Canon plans a big investment to establish Canon Healthcare USA Inc., which will launch in January with about 20 employees but is projected to grow to 200 or more over the next four to five years.
A decade after the start of Ohio's shale gas boom, counties with the most oil and gas production continue to have higher-than-average unemployment rates.