Ellen McGirt

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Fast Company Magazine

Cleveland: Venture-Capital Mind-Set [Fast Cities 2010]

“We were staring into the abyss,” says Baiju Shah, CEO of BioEnterprise, recalling the 2000 recession that had slowed Cleveland’s economy to a crawl. “It wasn’t just a cyclical thing; there were global forces at work that were going to leave us behind for good.” As the city bled jobs in traditional sectors, such as manufacturing, committed competitors — including Cleveland Clinic, University Hospitals, Case Western Reserve University, and Summa Health System — banded together to save the city and themselves.

Cleveland: Venture-Capital Mind-Set [Fast Cities 2010]
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