This measure shows the number of small businesses supported and the total amount of County dollars invested in innovation and entrepreneurship.

Data reported on the County’s investment in innovation and entrepreneurship are provided by the Cuyahoga County Department of Development on a quarterly basis.

Innovation is the life blood of a healthy economy. The ability to create better or more effective products, processes, services, technologies, or ideas that are accepted by markets, governments, and society is a direct indicator of an economy’s ability to add value and grow. It is vital for the County to facilitate and accelerate innovation development, technology transfer, and commercialization activity to create an environment conducive for economic growth. Channeling capital to promising companies with a pipeline of inventive products and services adds critical funding to the creative mixture of concepts, employees, and management.

Supporting entrepreneurship not only helps drive economic growth, but is an effective way to generate economic opportunity for low-income individuals or groups that have traditionally been economically isolated. Entrepreneurial development creates opportunities to achieve economic self-sufficiency, build wealth, and transform underserved neighborhoods.

Cuyahoga County Department of Development

Data table abbreviated due to number of measures.  See Attachments for full data table.  

In Q4-20, Cuyahoga County began reporting Cuyahoga Performance data by race and ethnicity when available.  The Small Business Supported through Investment in Innovation & Entrepreneurship page has been updated to report the small businesses supported through County investment by race and ethnicity. Race and ethnicity data reported by the Cuyahoga County Department of Development are self-reported by businesses receiving financial support.

Small Businesses Supported (Annual): 50

Funding Invested in Small Businesses (Annual): $375,000