$13M to Cleveland Foundation boosts $80M economic development site readiness initiative

The Cleveland Foundation has received $13 million to expand its Site Readiness for Good Jobs Fund from partners including the Wellman family ($10 million), KeyBank Foundation ($2 million), and the Rockefeller Foundation ($1 million). The commitments boost the initiative’s funding pool to $80 million that will back acquisition, remediation, and redevelopment of vacant and contaminated industrial sites to prepare them for future economic use and job creation. The investments align with broader state-level workforce and economic development efforts, including Ohio’s newly announced 10-year $300 million JobsOhio initiative aimed at expanding skills training and strengthening the state’s long-term labor pipeline.