John Carroll University, like many of the Jesuit colleges and schools founded in large, emergent US cities in the 1800s — quickly became an essential source of talent, economic investment and ideas for Cleveland and Northeast Ohio. Alumni, faculty and corporate partners from the Boler College of Business continue to renew that partnership.
Notable trends and developments that link the Boler College of Business to Cleveland and Northeast Ohio:
Bedrock Fortune 500 Leaders
Boler College of Business faculty and leadership partner at every level with the region’s major corporations, which support on the school’s accountancy, finance and other talent through professional development, live projects, internships and employment. Those companies include:
- Progressive Corp.
- Goodyear Tire & Rubber Co.
- FirstEnergy Corp.
- Parker-Hannifin Corp.
- Sherwin-Williams Co.
- TravelCenters of America
- J.M. Smucker Co.
Business of Biomedicine and Health
The Boler College of Business sees new partnerships developing with the biomedical start-up community. Entrepreneurs have leveraged the strengths and research coming from the Cleveland Clinic to raise more than $2 billion in venture capital, and fund, expand and relocate nearly 75 biomedical companies to Cleveland.
A Cleveland Foundation Report (The Fifth Migration: A Study of Cleveland Millennials) confirms that Cleveland has experienced a millennial migration since 2008, and tied for eighth in the nation (along with Miami and Seattle) in the percent increase of college-educated millennials from 2011 to 2013. The report states that Cleveland’s college-educated millennial residents — aged 25 to 34 – are leading a rapid ‘fifth migration,’ the term for the re-urbanization of metro areas nationally, including in Cleveland.
Teams of faculty, staff and students from the Muldoon Center for Entrepreneurship and the Center for Service and Social Action are engaged with a number of Cleveland neighborhoods where students work closely with residents to bring new social innovation investment to bear on persistent challenges related to poverty, unemployment and infrastructure. Similar partnerships are developing with the Sustainable Cleveland Action Plan and its Green City Blue Lake program.
Boler faculty develop international connections with business owners and students. This activity complements a surge of new residents and new Americans bringing youth, high levels of education and a strong entrepreneurial spirit to Cleveland and Northeast Ohio. This population joins earlier waves of migration — blacks from America’s south; and Italians and Slavic immigrants — who formed the backbone of Cleveland’s manufacturing economy.