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Crain's Cleveland Business, August 28, 2023

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CRAINSCLEVELAND.COM I AUGUST 28, 2023

A CREATIVE ECONOMY

KEN BLAZE

While the pandemic hurt the arts and artists, those struggles have underscored how their recovery and continued growth remain vital to Northeast Ohio’s economy. PAGE 18

MRI Software recommits Swagelok working to to Solon headquarters make tomorrow’s makers By Michelle Jarboe

A year ago, MRI Software wasn’t sure about the future of office space. The real estate technology company, based in Solon, faced a looming lease expiration at its 100,000-square-foot headquarters. Executives considered relocating or downsizing in place. In July, though, MRI opted to stay put,

renewing a long-term lease on the entire building as a new landlord stepped in. The deal bucks the trend of tech firms dumping office space — and runs counter to a lot of the corporate real estate pruning that’s occurring across the region. “First things first, we’re in the real estate business,” said Susan Avelluto, the See SOLON on Page 29

By Dan Shingler

Swagelok has changed. That’s not something anyone who knows the company would say lightly. The Solon manufacturer of highly engineered fittings and advanced metal components, for everyone from NASA to Intel, has long prided itself on not changing.

Sure, Swagelok is packed with hightech equipment, but it’s always been known for stubbornly sticking to its core values, such as maintaining two-way loyalty with its associates, providing them everything they need to succeed and advance and, crucially, never letting people go because of a downturn in business. See SWAGELOK on Page 31

VOL. 44, NO. 32 l COPYRIGHT 2023 CRAIN COMMUNICATIONS INC. l ALL RIGHTS RESERVED

Crain’s 45 Notable Latino leaders foster understanding of Hispanic and Latino culture and promote efforts that recognize the community’s skills and abilities. PAGE 8


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