Midtown Collaboration Center

The Midtown Collaboration Center, led by the Cleveland Foundation, links downtown Cleveland with University Circle

Investment

  • NMTC Amount: $20,000,000
  • Total Project Cost: $38,807,334

IMPACT

  • 202 FTE jobs
  • 452 construction jobs
  • 49 jobs created and 153 jobs retained.
  • 4,468 sq. ft. of real estate

Investor

Project Description

The Midtown Collaboration Center (MCC) will be a catalyst for economic development and community betterment in the Midtown neighborhood of Cleveland, Ohio that will offer training and education to foster job creation, entrepreneur opportunities and positive health and wellness outcomes, and serve as a beacon for connecting residents to resources, training and technology.

The NMTC subsidy will enable the project to offer lease rates to tenants based on recovering costs for the building construction, maintenance and operating costs and will not operate the building based on profit; any excess revenue will be used for building programming. The tenants will be non-profit organizations; and no more than 10% of the space will be leased to local community partners who are not non-profit organizations and will promote the programming goals of the project.

The anchor tenant is Jumpstart, Inc. a nonprofit organization, who will relocate its headquarters to the new building and will work jointly with the Cleveland Foundation to facilitate the programming of the Innovation Hall within the building which will be a collaborative space offering free co-working space to tenants and guests and open to the public as well as offering speakers and presentations to the community and open to the public for free. Other tenants include Case Western Reserve University for its New Center for Population Health Research, Cleveland Institute of Art’s new Interactive Media Lab, Economic Community Development Institute, Inc. a CDFI focused on small business lending, Assembly for the Arts, University Hospital’s new Diabetes Research and Wellness Center, Hyland Software will have a Hyland Software Training Center aimed at CMSD students grades 7-12, and includes Music Lounge and Black Frog Brewery (Cleveland’s first black owned brewery) and PearlFlower Kitchen, a black owned food vendor.

MAP

Address: E. 66th Street and Euclid Avenue, Cleveland, OH 44103

Census Tract: 39035197200

PDF Profile

Other Ohio Projects

The University Lofts project includes new construction and historic rehabilitation associated with three buildings along Euclid Avenue near Cleveland State University. The project includes nearly 10,000 sq. ft. of street-level

The purchase and renovation of the building located at 1100 Green Street, Marietta, OH. This building will be renovated speculatively with the anticipation of light manufacturing and industrial tenants. The

NMTC financing supported the construction of a 76,000 sq. ft. YMCA that will offer expanded health and social impact programming for seniors, youth and families in downtown Piqua, OH. The

The historic renovation and adaptive reuse of this 120,000 sq. ft. nearly-vacant office building will serve as a catalyst to create a 24/7 vibrancy in the Playhouse Square neighborhood, a