“Innovation District” Targeted for Major Investment

Major plans are underway to transform Cleveland into a national model for inclusive innovation, and the Cleveland Health-Tech Corridor is at the heart of it all.

Another piece of the puzzle fell into place on the heels of the recent news that Wexford Science and Technology will partner with a diverse cross-set of community organizations and stakeholders on creating an Innovation community development project in the heart of MidTown and the Health-Tech Corridor.

The project is still in its early stages of concept development with no plans or renderings yet, and there is additional community engagement to come.

The location is slated to be on and adjacent to the E. 66th Street Corridor, between Euclid and Chester Avenues.

The Cleveland Innovation Project went public with their strategy for transforming the regional economy to focus on equity, capital, and place-based economic development, with the Cleveland Health-Tech Corridor as one of the geographic innovation zones, building on the more than 1 million square feet of new development in the HTC in the last ten years.

The Cleveland Innovation Project is targeting $2 billion in research investments, $4 billion in the capital, tech-based investment, and more than 20,000 IT jobs in the next decade.