Health-tech Corridor Becomes High Tech Hub

Cleveland’s Health-Tech Corridor Becomes High Tech Hub

For almost a decade, Cleveland’s three-mile stretch between University Circle and the downtown area has been establishing itself at the prime location for biomedical, healthcare and technology companies to come together to engage in the business of innovation. Now, the Health-Tech Corridor (HTC) is furthering its efforts by bringing the world’s fastest internet to the already thriving location.

With four world-class research and clinical institutions, eight business incubators and accelerators, four colleges and universities, and more than 130 high-tech companies, the HTC has a need for speed in order for these businesses to operate and drive economic growth. In November of 2014, the City of Cleveland and OneCommunity received a $700,000 Economic Development Administration (EDA) Grant to install the nation’s first commercially available metropolitan 100 gigabit network to connect businesses in Cleveland’s HTC.

The hope is that effective use of technology will transform the region and provide a foundation for innovation and economic development. High-speed networks have already been adapted in cities like Chattanooga, Austin and Kansas City: Cleveland’s will be the fastest commercially available network in the nation. To give an example to just how fast this network is, One Community set up a speed demonstration here to compare other networks against this one.

The 100 gigabit question is: How will it be used? Businesses that are dependent on the transference of Big Data see the need for having the fastest broadband availability. This network advantage is the City and One Community’s solution to this growing demand for speed and availability posed by companies involved with healthcare, technology and research. 

The City of Cleveland and OneCommunity are also aiming for this innovative $1.2 million project to bring job opportunities to area residents. “We embrace 100 gigabit as a job creation engine for the City. Offering the first 100 gigabit capability, specifically in the Health-Tech Corridor, incentivizes local and national fast-growing companies to locate and remain here,” says OneCommunity CEO Lev Gonick. 

While the economic impact still remains a guess, technology experts and area leaders are hopeful that this network will improve quality of life by expanding the capacity of individuals, firms, and communities to maximize the use of their talents and skills to support innovation, and responsibly produce and trade valuable goods and services. Everything the EDA stands for.

To learn more about this project, visit http://www.100gigcle.org/.