Crain's Cleveland Business will give you reports on area companies, executives and business owners in manufacturing, finance, healthcare, real estate, higher education, government, non-profit, technology, small business, law and more.
Jeremy Nobile - ClearCompany recently announced closing its first round of growth equity capital of $60 million, which was led by Primus. The investment will be generally used to further grow the business, which offers software for HR and talent management.
Jay Miller - Despite the threat of slowdowns due to new tariffs, shipping through the international St. Lawrence Seaway system showed strong tonnage numbers in July after a slow start to the shipping season. Shipments between March 29 and July 31 totaled 16.5 million metric tons, up from 16 million metric tons in 2017.
Scott Suttell - On tap: The Flaming Lips heat up the Agora, Feast of the Assumption livens up the streets of Little Italy, two acclaimed films make their Cleveland debuts at Cinematheque, Great Lakes Burning River Fest returns to Whiskey Island, comedian Jim Norton does four shows at Hilarities, SPARX City Hop shows off the town, and more.
Jeremy Nobile - The Westlake-based niche insurance serving the U.S. marijuana industry has hired other staff through this year as it looks to kick growth into higher gear. The firm launched its first comprehensive coverage program for the marijuana industry in February.
CRAIN'S AKRON BUSINESS - FirstEnergy Solutions says it has made the next necessary federal filing to proceed with closing its three plants, which include the Perry Nuclear Power Plant and Davis-Bessie Nuclear Power Station, beginning in 2020. The shutterings would impact nearly 2,000 employees.
Kevin Kleps - The reviews for the first two episodes, as expected, have been overwhelmingly positive, and the show has Browns fans, and even those who aren't backers of the team, fired up about a club that didn't win a game last season. But the on-field results for the first 12 clubs featured on the HBO documentary were mixed.
Sue Walton - The global cybersecurity firm needs more space to accommodate growth, as it hopes the office will employee up to 60 people by the end of 2019. Tufin expects to make the Fairlawn site its hub for inside sales, along with housing tech services workers and other professional support employees.
CRAIN'S CLEVELAND BUSINESS - The Oakwood Village-based maker of an MRI-guided radiation therapy system called MRIdian will gross about $150 million in the offering, which is priced at $9.25 per share. ViewRay said it intends to use net proceeds 'for working capital and general corporate purposes, including capital expenditures, research and development expenses, commercial expenses, clinical data generation costs and infrastructure expenses.'