News

CDA provides financing for One University Circle

Cleveland Development Advisors (CDA), an affiliate of the Greater Cleveland Partnership, closed on a $6.3 million loan for One University Circle, the City of Cleveland's first new high-rise apartment building to be constructed in 40 years.  The 20-story tower developed by First Interest Properties and Petros Development Corp. will offer concierge service, fitness and wellness areas, conference rooms, pool and community areas, as well as amazing views of the city skyline. 

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State Capital Bill Projects

The 2018-19 state capital bill is underway. This is a legislative-led process that provides funding for community projects across the state. Over the next several months, the General Assembly will work with the Administration to determine and prioritize significant to support with capital funding. GCP has historically participated in this process by prioritizing Northeast Ohio projects and advocating their importance to the legislature and Administration.  

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Amazon Confirms 2nd Fulfillment Center

Amazon confirmed late last week that a fulfillment center will be built in the vacant Euclid Square Mall. This is in addition to the site previously announced in North Randall. Both locations will bring thousands of new jobs to Cleveland.
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GCP Board approves strategic plan

At their quarterly meeting last week, the Greater Cleveland Partnership Board of Directors provided preliminary approval of the GCP Strategic Plan.  Over the last 30 days, four task teams with representatives from member companies met to focus on prioritization of the various projects and initiatives within each of the strategic plan pillars:  Talent that Fuels Growth; Places with Impact; Driving Connectivity; and Environment to Support, Start, Scale and Stay.  Each group had the opportunity to hear from experts on the topics within each pillar and was tasked with identifying the most important areas of focus for the business community.  The results of this work were shared with the GCP Board for their review and support. Read more

GCP Chairmans Forum reviews strategic plan progress and next steps

Progress continues as the Greater Cleveland Partnership works to complete its new three-year strategic plan by the end of the year.

Last week, about 100 business leaders from GCP member companies heard an update on the plan’s current status and next steps from Board Chair Rick Chiricosta, chairman, president and CEO of Medical Mutual (photo right), and GCP President and CEO Joe Roman at the GCP Chairman's Forum.

The plan is shaping up around four areas of focus: Places with Impact; Talent that Fuels Growth; Driving Business Connectivity; and Environment to Start, Support, Scale, and Stay. Read more.

CDA provides financing for The Beacon

Cleveland Development Advisors (CDA), an affiliate of the Greater Cleveland Partnership, closed on a $5 million loan for Stark Enterprises’ new project, The Beacon.

The 20-story residential tower will be built on top of the garage located at 515 Euclid Avenue in downtown Cleveland. It will feature 187 one- and two-bedroom luxury units.

Building amenities include a rooftop party room, patio and dog park, plus a fitness room with a yoga studio.

The Beacon, which will open in 2019, will be the first high-rise residential building constructed in downtown Cleveland in decades. Read more.

Destination Iceland: Two airlines announce new service from CLE offering connections to Europe

Cleveland is continuing to demonstrate that it is a strong, viable air service market with last week’s announcement by two airlines that they will begin service from Hopkins International Airport (CLE) to Iceland with direct connections to many European destinations.

IcelandAir announced that it will launch four times weekly service from Reykjavik, Iceland’s capital city, starting in May 2018.

In addition, WOW air announced that it will launch four times a week service to Reykjavik that same month. Read more.

Amazon job fulfillment center to be built in North Randall

After more than six months of collaboration, Amazon recently announced its commitment to the development of a new 2,000 job fulfillment center to be located at the former Randall Park Mall site in the Village of North Randall.

“This is absolutely fantastic news,” said Greater Cleveland Partnership President and CEO Joe Roman. ‘It’s indicative of our region becoming more and more attractive to investors and leading corporations. 
Read more.

Commission releases its 2016-17 Annual Report

Read about the Commission on Economic Inclusion's work from this past year to advance diversity and inclusion in the Northeast Ohio business community in its 2016-2017 Annual Report.

The report includes highlights in three areas of focus: Corporate Diversity and Inclusion, Growing Minority-Owned Businesses and Construction Diversity and Inclusion.

Click to read or download.

Joe Roman on WTAM

Greater Cleveland Partnership President and CEO Joe Roman talks with “Wills and Snyder” co-host Bill Wills about the new direct flight from Hopkins International to Iceland.

Learn what this means for our city and the Greater Cleveland business community.

Click to listen.

GCP remains a strong supporter of The Q Transformation Plan


The Greater Cleveland Partnership remains a strong supporter of The Q Transformation Plan. Maintaining and upgrading our civic assets like Quicken Loans Arena prolongs their useful life and enhances the impact they have in our community.

There is no doubt The Q provides an unmatched economic impact in Northeast Ohio. The facility has over a thousand events annually, bringing roughly 2 million people to the heart of our city. Read more.

Goals of federal tax reform

In this “GCP Insight” video, Congressman Brad Wenstrup talks with Marty McGann, the Greater Cleveland Partnership’s senior vice president of advocacy, about some of the goals of federal tax reform for both businesses and individuals.

For businesses, this includes reducing the corporate tax rate to help American companies be more competitive globally. Click to watch.

Events

Please join us at BizConCLE!

BizConCLE is a unique education and networking experience, presented by the Greater Cleveland Partnership/COSE, exclusively designed for small business owners, middle-market CEOs, C-suite leaders and their teams.

The one-day convention includes national keynote speakers, plenary sessions led by regional business and community leaders, and interactive workshops. Learn more.

Morning Conversation: State Auditor Dave Yost

GCP members are invited to a Morning Conversation discussion with State Auditor Dave Yost.

Elected to a second term in November 2014, Auditor Yost continues to build a legacy of fighting fraud and “skinnying down” government.

Since 2011, he’s helped to turn more than 100 corrupt public officials into convicted criminals and identified over $22 million in stolen and misspent tax money. After taking on student attendance data rigging in his first term, Auditor Yost is currently working to bring increased accountability to Ohio’s charter schools. Click to register.

The GCP Morning Conversation series is sponsored by:

Sales Academy: From Sales Representative to Trusted Advisor

They are the sales doctors. Trust them.

Proven sales trainers Hal Becker (photo left) and Marvin Montgomery have designed a hands-on workshop for sales professionals and sales managers.

Using years of experience as salespeople, sales team leaders and sales coaches, they have created a full-day experience that will give you the strategies and tools you need to excel. Learn more.

SAVE THE DATE! 54th Annual Public Officials Reception

The 54th annual Public Officials Reception, presented by the Greater Cleveland Partnership, is a can’t-miss event that brings local, state, and federal elected officials together with Northeast Ohio business and community leaders.

We invite you to add your voice to the conversation and join us on Friday, November 17, 2017 at FirstEnergy Stadium. 

Sponsored by

Growth in the Middle Market

Leveraging Middle Market Opportunity, Growth and Success

Stewart Kohl, Co-CEO at The Riverside Company, and his team look closely at small and mid-sized companies every single day.  They have been very successful in finding the right companies, helping them get to the next level of growth and selling them again for gains for their investors and their founders.

We invite you to attend this special forum at the GCP offices to gain insights that could change the options and outcomes for you and your organization. Register here.

Sponsored by

SAVE THE DATE! Third annual Cleveland Internship Summit

We invite you to be part of the discussions between business community representatives and educators about how to increase and improve internship opportunities in Northeast Ohio.

Please mark your calendars for the 2018 Cleveland Internship Summit on Tuesday, February 6, 2018 from 7:30 a.m. to 1:30 p.m. Venue details to come soon.

Videos