Crain's Cleveland Business

Page 1

VOL. 40, NO. 32

AUGUST 12 - 18, 2019

Source Lunch

Akron Colliers International has a Summit County real estate office Page 27

David Browning, CBRE Page 31 GOVERNMENT

Third Frontier awaits DeWine’s verdict

CLEVELAND BUSINESS

The List Ohio’s largest public companies Page 28

HIGHER ED

UCATION

A CAMPUS TORN

By Jay Miller jmiller@crain.com @millerjh

The Ohio Third Frontier program is looking to approve spending at least $82 million before the end of 2019. The 17-year-old program, which has spent more than $2 billion to stimulate new business development, awaits decisions from the administration of Gov. Mike DeWine on its future. Earlier this summer, the Ohio Development Services Agency released requests for proposals (RFP) looking to invest Third Frontier bond money to help grow technology businesses in the state. The DeWine administration has been noncommittal about the program’s future. In an emailed statement, DeWine spokesman Dan Tierney said the administration is examining how best to support new and growing businesses. “Gov. DeWine and Lt. Gov. Husted are committed to making Ohio globally competitive and attracting growing industries, and Third Frontier has provided many benefits to Ohio businesses over the years. It has also continued to evolve,” Tierney wrote. “We are looking at ways to maximize these resources to take them to the next level.” SEE FRONTIER, PAGE 30

UA faculty voices leadership concerns; administration wants to look forward By Rachel Abbey McCafferty rmccafferty@crain.com @ramccafferty

A significant portion of the people tasked with carrying out the University of Akron’s mission of educating students — the union-represented, full-time faculty — have some serious concerns about how the institution is being run. They don’t feel respected by top leadership, and they want to see an avalanche of changes put on hold

until a permanent president is put in place. University leadership, on the other hand, feels it’s already taken steps to address many of the faculty's concerns and that it’s time to look forward. What’s left is a tangle of concerns and complaints as the university continues its search for yet another president and gets ready to start a new semester. In early August, the University of Akron chapter of the American Association of University Professors

k

ronstoc

ynn/Ak Shane W

publicized the results of a survey of its members. Akron-AAUP president Pam Schulze described faculty members afraid to speak up or make a wrong move and a university where that kind of culture permeates all levels. Schulze, who is also a professor of child and family development, said the faculty union tried to use the university’s formal processes to resolve the concerns expressed in the

survey before going public; the initial release included a timeline of communications and attempted meetings. “I really did not want to give the university a black eye,” Schulze said. “I didn’t want the university to get bad publicity.” About 40% of bargaining-unit faculty at the university responded to the survey, which was fielded in March. The faculty union does not represent adjunct faculty, visiting faculty or faculty at the university’s law school. SEE AKRON, PAGE 7

INSIDE

SPORTS BUSINESS

Cleveland’s immigrant past is a roadmap to its future Page 12

Past two decades have been a jumping-off point for former staffers

Focus: Immigration in NEO NEO success story, via China: Restaurater Jai Wei Page 15 Q&A: Laura Bennett Page 15 Entire contents © 2019 by Crain Communications Inc.

P001_CL_20190812.indd 1

Cavs’ success a springboard By Kevin Kleps kkleps@crain.com @KevinKleps

Len Komoroski counts more than 40 alumni from the Cleveland Cavaliers’ business department who are at a vice president level or above with another company, institution or sports team. The list, which spans the past 25 years, includes more than a handful of executives with Legends (a global agency owned by the Dallas Cowboys and New York Yankees), a few top staffers at Playhouse Square, the

seven-year stint in which president of the NHL team he led the business operain Las Vegas, the CEO of a tions of the Philadelphia Major League Soccer club Eagles, the Cavs had yet to and key leaders with the Athit the LeBron James jacklanta Hawks, Detroit Pispot in the NBA lottery. tons, Memphis Grizzlies “We were the fourth and Milwaukee Bucks. team in a three-team Komoroski, who joined town,” Komoroski said. the Cavs as president in In the 16-plus years 2003 and was elevated to Komoroski since, the Cavs with James CEO 10 years later, has worked with the vast majority of the became a force on and off the court, group. He said keeping track of their the organization ended Cleveland’s success from afar has “been im- 52-year championship drought and mensely gratifying, and for us to play the superstar made a pair of highly publicized exits. a small role in that is great.” When he came to Cleveland after a SEE CAVS, PAGE 8

8/9/19 2:24 PM


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.