News

Tax Reform Legislation Approved


Following a standoff on the Senate floor Thursday evening, the U.S. Senate approved tax reform legislation early Saturday morning.  

The Senate tax legislation passed despite various concerns over the future impact on the nation’s debt and that the proposal may not provide enough benefits for certain types of businesses and individuals.

Read more.


Cleveland Council Passes Petition Transparency Proposal

GCP members have expressed concerns over parts of the process in place for petitioners to place an issue on the local ballot. After all, even well-intended ballot issue proposals and campaigns can severely limit the way businesses can strengthen and grow. 

To help shine more transparency on Cleveland ballot issues that are brought forward, City Council introduced and passed a proposal last week that would make it mandatory for circulators of petitions to file an itemized statement that provides more information on that individual’s petition circulation experience.

Read more.

Tax Reform in the Spotlight

The U.S. House of Representatives passed a plan to overhaul the tax code.  Relatively shortly thereafter, the U.S. Senate Finance Committee approved a separate tax plan - on a party-line vote of 14-12 - sending their measure to the full Senate. 

Read more.

GCP Takes Position on Ballot Issues

GCP recommends support for the Port of Cleveland and Tri-C,
opposes questionable drug pricing measure

Vote YES on Issue 59, Port of Cleveland
The renewal of the Port of Cleveland’s operating levy will cost a homeowner a mere $3.50 annually for every $100,000 of home value, making it one of the smallest tax levies in Cuyahoga County.

Vote YES on Issue 61, Tri-C 
GCP supports a capital bond issue that would annually cost $17.50 for every $100,000 of home value; the funding will support new Tri-C facilities and upgrades across all campuses.

Vote NO on Issue 2, Deceptive Drug Pricing
GCP opposes a statewide ballot proposal that would change how the state of Ohio purchases prescription drugs. 
The proposed initiated statute, Issue 2, would attempt to prohibit the state from purchasing a prescription drug unless the net cost of the drug is equal to or less than the lowest price paid for the drug by the U.S. Department of Veterans Affairs.  

GCP Testimony on Importance of Business Courts

Member, Keith Ashmus, testifies before Senate panel on importance of business courts.  The Ohio Senate recently introduced legislation (SB 183) that would create a Joint Committee to study business courts in Ohio.  Keith Ashmus, Partner at Frantz Ward, offered GCP proponent testimony on the legislation.  Ashmus has served as past president of the Ohio State Bar Association and also as past chair of the National Small Business Association.

Small in number, immigrants are giving Cleveland a mighty boost

Joint Statement by the Greater Cleveland Partnership and Global Cleveland
Study shows a talent stream that can be tapped to grow the economy and create job.

A new study on the impact of immigrants on the Great Lakes economy includes information with critical implications for Greater Cleveland as we look to replenish our population and compete in the global economy.

Amazon HQ2 Bid Submitted

The Greater Cleveland Partnership, City of Cleveland and Cuyahoga County joined TeamNEO, JobsOhio, the State of Ohio and numerous local partners in submitting a bid for Cleveland to be the site of Amazon’s second headquarters known as HQ2. More than 20 organizations and over 90 individuals from throughout the community came together to develop a strong, compelling case to present to Amazon. 
More than 100 municipalities across North America are expected to submit bids.

Learn more.

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.
Read more.

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.

Events

Procurement Professionals Group

The Procurement Professionals Group will meet from 7:30 – 10:00 a.m. on Tuesday, December 5 and discuss ways to effectively manage outreach efforts to minority suppliers. The meeting will include a demonstration of The Marketplace, a supplier diversity portal being developed by the Commission to connect GCP members with minority suppliers.

Winter Networking Night

Join us as we celebrate the season. Toast your team and enjoy networking, entertainment, drinks and appetizers. Jingle and Mingle with old friends and make some new ones!

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 27, 2018 from 7:30 a.m. to 1:30 p.m. at Corporate College East.

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