Economic Development

Partnership Addresses ‘Transportation Paradox’

CLEVELAND, Ohio — A partnership with an industry leader in urban innovation management will help the Fund for Our Economic Future end the “no car, no job; no job, no car” paradox, according to a press release.

UrbanLeap of Palo Alto, Calif., will provide the operational platform for The Paradox Prize, a $1 million initiative designed to invest in “big ideas to improve the mobility of Northeast Ohioans stranded economically by their geography,” according to the release by UrbanLeap. The company’s software will automate the application intake process and provide a platform for evaluation while helping to convert best ideas into early-stage development projects through documentation, automating workflows, establishing project metrics and reporting.

“By digitizing the process of collecting and evaluating proposals, the UrbanLeap platform will significantly improve our ability to manage individual projects and provide greater visibility across our innovation portfolio,” Bethia Burke, the fund’s vice president, said in the release.

UrbanLeap is a cloud-based innovation management platform that allows governments to coordinate smart urban initiatives in one place, according to the release.

“We are delighted to be working with the Fund and to support The Paradox Prize initiative,” said UrbanLeap CEO Arik Bronshtein. “We started UrbanLeap to improve the ways in which communities across the country and the world transform themselves to address the challenges of the 21st century. It is a privilege to partner with the Fund for Our Economic Future and its partners as they strive to deliver sustainable outcomes for their community.”

Other sponsors of The Paradox Prize include National Fund for Workforce Solutions, Greater Cleveland Partnership, The Lozick Family Foundation and DriveOhio.

Copyright 2019 The Business Journal, Youngstown, Ohio.