On Monday, April 26th, Greater Ohio attended a symposium on Building the Ohio Innovation Economy. Co-sponsored by the National Academy of Sciences, University of Akron, Case Western Reserve University, Morganthaler—a venture capital firm—and Nortech—a northeast Ohio technology economic development group—the symposium was held in Cleveland and brought together regional, state, and federal leaders to discuss innovation. Panelists from federal agencies, private sector companies, think tanks, universities, and philanthropic foundations offered a range of ideas of how to capture, support, and encourage the innovative work being done throughout Ohio, and especially in northeast Ohio.
Lavea Brachman, Greater Ohio Policy Center’s executive director, provided a state-policy perspective and made the case that the private sector will have to lead the state in innovation—especially in supporting industry clusters as a regional economic development strategy—but that state and local governments must provide the right conditions for the private sector. In urging for governance reform and strategic investments that can help Ohio lead the next economy, Brachman argued that state policy could be pivotal in clearing the way for growth in interconnected businesses, and that the state should join with local and regional players to create a climate for innovative growth.
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