Crain's Cleveland Business

1 day ago | crainscleveland.com | Kim Palmer

Councilmembers Jenny Spencer and Kerry McCormack co-sponsored the pending short-term rental ordinance, which, if passed, will codify how — and how many — of the estimated 900 to 1,500 Airbnb’s and Vrbo rentals can operate in the city. Building on a 2016 “limited lodging” ordinance rushed through the council before Cleveland hosted that year's Republican National Convention, the measure requires short-term rentals to register with the city and to comply with a 15% density cap and visitor limits.

1 day ago | crainscleveland.com | Scott Suttell

Fast-growing cybersecurity company Keyfactor of Independence has made two more acquisitions. On Tuesday, May 13, the company announced it had bought InfoSec Global, which it described as "a leader in cryptographic posture management," and CipherInsights, an "advanced cryptographic discovery solution by Quantum Xchange."Financial terms weren't disclosed. The acquisitions "mark a major leap forward in securing digital trust,” said Jordan Rackie, CEO of Keyfactor, in a statement.

1 day ago | crainscleveland.com | Esha Dey

The S&P 500 and Nasdaq 100 indexes turned higher for the year on Tuesday, reversing a multitrillion dollar routs, as enthusiasm for US stocks grows with global trade tensions cooling after the Trump administration and China agreed to temporarily lower tariffs. The tech-heavy Nasdaq 100 crossed the line first and rose 1.2% as of 10:16 a.m. in New York, putting it up 0.5% in 2025. The S&P 500 followed less than an hour later, climbing 0.8% to put its 2025 gain at 0.1%.

2 days ago | crainscleveland.com | Dan Shingler

In the past few months, cities across Northeast Ohio have devised ways to create significant parcels of land to offer to developers, hoping to attract light-industrial companies. And many leaders from those cities share common goals with their listed acreage: jobs for local income tax bases and a focus on light industrial over data centers or warehouses, as those typically mean more jobs. Northeast Ohio already has seen plenty of movement in this market.

2 days ago | crainscleveland.com | Kim Palmer

Cleveland is one step closer to finalizing a citywide short-term rental policy that would use density limits to curb the number of properties rented out on the popular Airbnb and Vrbo platforms.  The ordinance, which details a new licensing process, zoning limitations, taxing and penalties for short-term rental owners, will be heard Tuesday, May 13, by members of the Development, Planning and Sustainability Committee.