-  $450,000 in Loans to be Made Available  to Small and Medium Size Manufacturers Located in the City of Cleveland or Cuyahoga County to Solve Technical Challenges with New or Existing Products Utilizing NASA Subject Experts

From the Press Release:

Cleveland, Ohio—The City of Cleveland, Cuyahoga County, NASA Glenn Research Center and the Manufacturing Advocacy & Growth Network (MAGNET) today announced a program which will allow small and medium size manufacturers to use the services of NASA Glenn subject matter experts for free and obtain special low-interest loans from the City or County—to help solve technical challenges they have with one of their new or existing products.

NASA Glenn will make their subject experts available on a pro bono basis via a Space Act Agreement with the City of Cleveland. The experts will be available to each manufacturer selected to participate in the program.  Their expertise covers basic engineering disciplines as well as the specialty fields that support the center’s core competencies:

  • Air-Breathing Propulsion
  • Communications Technology and Development
  • In-Space Propulsion and Cryogenic Fluids Management
  • Power, Energy Storage and Conversion
  • Materials and Structures for Extreme Environments
  • Physical Sciences and Biomedical Technologies.

“NASA Glenn is excited to participate in this innovative program,” said NASA Glenn Director Ray Lugo.  “By providing access to our science and engineering workforce, we can offer potential solutions to these companies for their specific technical challenges.  This endeavor aligns nicely with Glenn’s mission to drive research, technology and systems to advance aviation, enable exploration and improve life on Earth.”

To help with any other costs that might arise from a selected project, the City of Cleveland and Cuyahoga County are making $450,000 in low interest loans available to the companies selected for the program.

“We anticipate the City of Cleveland and Cuyahoga County being able to provide loans to eight to 10 companies and know that they will achieve added revenue and create jobs by participating in this manufacturing innovation project. The results from the existing Cuyahoga County New Product Development and Entrepreneurship  Loan Fund that MAGNET has successfully administered for the past five years is proof of that,” said Cuyahoga County Executive Ed FitzGerald.

“MAGNET is delighted to be partnering with the City of Cleveland and Cuyahoga County on this initiative which certainly allows us to continue our role as a strong provider of resources that help and support area manufacturers,” said MAGNET President Daniel E. Berry.

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