ShoreBank Corporation does not “change the world” by itself. It is successful because of the hard work and passion of its customers, partners, shareholders, and employees.
ShoreBank collaborates with many organizations, but has four primary partnerships which led to ShoreBank’s expansions beyond Chicago.
The Greater Cleveland Partnership (GCP), the primary voice for businesses in Greater Cleveland, seeks to create jobs and wealth, and improve the economic vitality of the region. It was instrumental in bringing ShoreBank to Cleveland in 1994, and helped raise capital to make the expansion possible.
Its priorities include technology, innovation and high-growth businesses; connected physical development; education and workforce development; and business attraction, retention and expansion. As the largest private-sector economic development organization in Ohio, GCP emphasizes service to its more than 16,100 members; advocacy on behalf of members and the region; diversity and inclusion; and internationalization of the region and its businesses.
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Detroit Renaissance is a private, nonprofit organization that brings the business community’s leadership and resources together to encourage the physical and economic revitalization of Detroit and Southeast Michigan. The organization was formed in 1970 by business leaders concerned with transforming the city’s troubled past into a promising future. In addition to physical and economic development initiatives, Detroit Renaissance reviews public policy questions and develops a legislative agenda on selected issues.
The Detroit Renaissance board of directors is composed of the chief executive officers of major Southeast Michigan corporations. The Big Three automobile manufacturers and related supplier companies, utilities and financial institutions comprise the largest membership block. Service firms are also active participants.
Detroit Renaissance created The Detroit Investment Fund in 1995 as a for-profit private capital fund to provide financing to growth-oriented businesses, progressive, high-impact real estate projects and special projects which address strategic needs of the city of Detroit.
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Northern Michigan University (NMU) is a public university in Michigan's spectacular Upper Peninsula. In 1992, NMU partnered with ShoreBank to re-form an acacdemic department as a nonprofit community development corporation, now called Northern Initiatives. It's purpose is to improve economic conditions and develop communities in the Upper Peninsula.
Located in Marquette, Michigan, Northern Michigan University is a four-year, coeducational university with about 9,600 undergraduate and graduate students. NMU’s vision is to become a the university of choice for students seeking to receive individualized attention from accomplished faculty delivering a quality academic program in a high-tech learning environment. NMU offers 140 academic programs and each student is issued a ThinkPad or iBook notebook computer as part of tuition and fees. Campus facilities include new art and design studios, clinical science labs, on-campus radio stations, and a public TV station. About 80 percent of NMU’s faculty members hold doctorates or the highest degrees in their fields.
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EcoTrust is a nonprofit organization dedicated to building a conservation economy in the Pacific Northwest and to mobilizing people around conservation of the region’s resources. In 1997, Ecotrust and ShoreBank Corporation formed a partnership to create ShoreBank Pacific. EcoTrust raised capital for its own investment in ShoreBank, and the two organizations continue to collaborate broadly in the region.
To help build a conservation economy in the Pacific Northwest, Ecotrust has characterized a large portion of the region as “Salmon Nation” and articulated a strategy for its prosperity. A conservation economy promotes economic relationships that maintain ecological integrity while advancing social equity.
Salmon Nation represents a place that follows the coast from Alaska to California where salmon holds a keystone position in history and the economy. By promoting this notion, Ecotrust hopes to inspire a sense of pride, citizenship and environmental responsibility in the people who live in the region.
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