Euclid-based Manufacturer Terves Among First Selected for Scalerator NEO
Euclid is home to multiple preeminent manufacturers who are one of very few North American companies making specific parts or using proprietary processes pioneered in our city’s industrial corridor. Terves (www.tervesinc.com) is one such company – a leading manufacturer of dissolvable metals and polymers used for making many tools and components in the oil and gas industry. The company has been in the news lately for honors such as winning MAGNET’s [M]SPIRE pitch competition in 2016.
In 2017, Terves became one of just 14 Northeast Ohio companies to graduate from the inaugural cohort of Scalerator NEO, a six-month educational program for companies who have potential to rapidly grow their workforce and profits.
Crain’s Cleveland Business reported on the cohort’s experiences from the start of the program in April 2017. The City of Euclid’s Department of Planning and Development caught up with Terves COO and Scalerator NEO participant Brian Doud in December 2017 as he reflected on the impact of the program. Below is an excerpt of the conversation:
Q (City of Euclid): What were the benefits of the diversified Scalerator NEO cohort and interacting with leaders from different companies and industries?
A (Terves): It was great to interact with peers in different industries dealing with similar corporate and growth challenges. Multiple industries, peer working groups and being able to interact with lots of people that are going through similar things really added to the value of the program.
Q: How has Scalerator impacted Terves’ predicted growth?
A: The program was an excellent fit for Terves as it has helped us focus on items important to growth and accelerate our execution as we have stalled up and grown significantly in the past 6 months.
Q: Would you recommend the program to other Euclid-based companies?
A: This program is great for companies willing to focus on growing their organization year after year I would recommend this program to everyone who is eligible.
For their next cohort, Scalerator NEO is looking for companies in all sectors with roughly $5-$15M in sales. The program is designed for entrepreneurial leaders who are motivated to aggressively grow their business. The program begins in April 2018. More information can be found at: https://www.scaleratorneo.org/apply-now
Allison Lukacsy-Love is the Community Projects Manager at the City of Euclid. You can reach her at (216) 289-8160 or by email at firstname.lastname@example.org