Wednesday, July 27, 2005

The RAMTEC Project

Much of my summer vacation has been devoted to my personal "out-of-the-box" foray into workforce development via manufacturing: The RAMTEC (Regional Automated Manufacturing Technology & Education Center) initiative.

Lately, people are asking how the project is coming along, so I figured it was time for an update.

I have been busy assembling the team of entrepreneural visionaries. Brilliant people with the expertise and enthusiasm to take the proposal from concept to reality.
In the meantime, my colleagues have been drafting the business plan and the financial projections.
Thompson & Hine LLP volunteered to help us prepare the business plan and structure the proposal into two entities, one for-profit and the other non-profit. These folks know a good idea when they see one.
You can read the executive summary here.

We are now in the process of putting together an advisory board to help us procure funding. As you can guess, we are actively working our networks. Talking, writing, meeting, schmoozing.
Yes, it is definitely a lot of work, but the end result will be a huge benefit for the region.
It can't happen fast enough.

1 comment:

Tom said...

This is a great initiative. This would be a great economic development for the City as well as the region. Why aren't our State, County, City, and other government officials stepping up to the plate and doing it? This would have a profound impact for the people of Cleveland and the region. It is sustainable, it is needed, it is for the people. You would empower the people, thru education and skills, for the region to prosper. This seems to make more sense than fuel cells. It is real, it benefits the people directly, it is not too distant in the future. Marybeth it seems that you are locked into doing rather than griping and talking. Everyone else seems to be talking, and giving rhetoric of how the economy in Cleveland is not that good, more talking, more griping, more finger pointing, You seem to have a good start on doing. It would be a good lesson to our civic leaders. Do it, don't talk about it, do it. Great job.