Kim Palmer

Cleveland

Reporter at Crain's Cleveland Business

Journalist from Ohio, Cleveland native. Politics & Policy Reporter at Crain's Cleveland.

Articles

Port approves bonds for Valor Acres hotel, two Cleveland projects

2 weeks ago | crainscleveland.com | Kim Palmer

The Port of Cleveland's board of directors on Thursday, June 12, approved financing totaling $92 million for a new hotel in Brecksville and for two developments on Cleveland's West Side. During the board's monthly meeting, directors voted unanimously to issue up to $32 million in taxable lease revenue bonds for the construction of a 136-room, six-floor AC Hotel by Marriott at Valor Acres in Brecksville.
Cuyahoga Land Bank pilot has big plans to spur private housing investment

2 weeks ago | crainscleveland.com | Kim Palmer

A new Cuyahoga Land Bank pilot project called Stimulating Housing Markets in District 10 will focus on the eastern part of Cuyahoga County, with an emphasis on the Cleveland neighborhoods of Glenville and Collinwood as well as parts of Cleveland Heights, East Cleveland and Euclid.
Meet the Cleveland company that provides labor for Beyoncé and Billy Joel concerts

2 weeks ago | crainscleveland.com | Kim Palmer

It takes anywhere from 250 to 350 skilled workers to put up and take down the stage used for Taylor Swift’s Era tour. For big, recent Cleveland stadium shows such as the Rolling Stones or AC/DC, around 800 employees handle general labor, including putting up chairs on the field, building the stage and cleaning up after the event. That's where Barney Monk, a Cleveland-based event staffing and payroll company, steps in.
Steelyard TIF awards nearly $500,000 to nearby neighborhoods

2 weeks ago | crainscleveland.com | Kim Palmer

The City of Cleveland awarded just under $500,000 from a nearly 20-year-old tax revenue fund created to help stabilize local retail surrounding Steelyard Commons. A total of $475,220 will flow to 19 small businesses and three community development corporations (CDCs) from the Steelyard Tax Increment Financing Grant program created in 2006 during negotiations over the commercial transformation of the former Mittal/LTV Steel site.
Browns Brook Park stadium has multiple state funding plans

3 weeks ago | crainscleveland.com | Kim Palmer

With the state's biennial budget deadline looming, Ohio lawmakers will finally provide an answer to one of the most talked-about questions: Will the state fund a new Cleveland Browns stadium in Brook Park? There's been a lot of back-and-forth since the Haslam Sports Group (HSG) first proposed that the state and Cuyahoga County together share half of the $2.4 billion cost of a state-of-the-art enclosed facility (or about $600 million each).
City Hall targets downtown parking lot safety in new legislation

3 weeks ago | crainscleveland.com | Kim Palmer

Visitors and workers in downtown Cleveland will not have to walk through dimly lit parking lots or garages when they go home if City Hall's proposed new parking license ordinance passes. The new legislation would require parking lot and garage owners to submit a detailed maintenance and safety plan, including lighting, “to minimize criminal behavior” as part of the annual parking lot license application.
NASA Glenn’s lighter, better-performing battery is ready for the spotlight

3 weeks ago | crainscleveland.com | Kim Palmer

The technology behind the now ubiquitous lithium-ion battery, from lead-acid batteries, is about 55 years old but was not used in a commercial application until Sony’s 1991 mini disc player. The high-efficiency battery tech offered long-lasting energy output and a quick charge in a small package, making it perfect for personal electronic devices.
Northeast Ohio electricity rate hikes hit in June

1 month ago | crainscleveland.com | Kim Palmer

Northeast Ohio power customers will see higher electricity prices starting in June as high demand and low supply will send energy costs surging. Statewide, commercial customers can expect increases of up to 29% beginning in June and running through May 2026, according to an alert from the Public Utilities Commission of Ohio. Ohio’s 4.5 million residential utility consumers will see monthly rate increases ranging from 10% to 36% for the next 12 months, the PUCO said.
Team NEO announces Welty's Don Taylor as new board chair

1 month ago | crainscleveland.com | Kim Palmer

Team NEO announced the addition of six new board members and named Don Taylor, president and CEO of the Welty Building Co., as the new board chair. Taylor, already a member of the Team NEO board, will serve the remainder of the chair term of Kimberly Riley, who is stepping away from the position “due to medical circumstances,” the economic development organization said in a statement. Riley, Hylant's COO of property and casualty, has served as Team NEO board chair since 2023.
Biz groups say bigger return-to-office numbers key to Cleveland's success

1 month ago | crainscleveland.com | Kim Palmer

Five years after the onset of the COVID-19 pandemic, remote work is beginning to feel more and more like a relic of that specific time. In 2025, many high-profile companies either already have or plan to require more in-office days for workers. In the case of the federal and state governments, there's a full return-to-office mandate. Nearly 80% of American-based CEOs predict that in-office time will increase in the next three years, according to a recent KPMG survey.