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GCP Board Meeting highlights

 

New appointees, newly elected members recognized

Greater Cleveland Partnership Board Chair Beth Mooney announced at last week's GCP Board meeting that Richard Chiricosta, president and chief executive officer of Medical Mutual, has been appointed to the GCP Executive Committee.

Previously, Chiricosta served as president of the Life Group for Consumers Life Insurance Company, responsible for development of the infrastructure to facilitate Medical Mutual’s re-entry into the life insurance business in 2008. He also served as Medical Mutual’s executive vice president for mergers and acquisitions, responsible for the financial aspects of Medical Mutual’s strategic transactions.

A member of the Leadership Cleveland Class of 2006, Chiricosta serves on the boards of The United Way of Greater Cleveland, the Kidney Foundation of Ohio, Cuyahoga Community College Foundation and Team NEO. In addition, he served as a co-chair of the 2012 United Way of Greater Cleveland campaign.

Mooney also announced the appointment of Julie Boland, Cleveland office managing partner of Ernst and Young, to the Board as a member of the Class of 2015. Boland has extensive experience managing all financial, SEC reporting, treasury, internal audit, information technology and risk management for a multi-location publicly-held organization. Additionally, her background includes international and domestic debt and equity markets, strategic alternative review, hostile tender offer, financial and operational restructuring and bankruptcy activities.

Prior to joining Ernst & Young, Boland served as CFO for Oglebay Norton Company, a publicly traded industrial mining and minerals company, with 20+ plant operations and over 1,300 employees, where she provided strategic oversight to all financial and operational reporting and analysis: including: strategic planning and budgeting, capital structure decisions, treasury, accounting, SEC reporting, internal audit and controls, tax, risk management and information management.

In addition, Mooney welcomed these GCP Board members who were elected in March:

 

RNC 2016 update: An optimistic outlook

GCP President and CEO Joe Roman updated the Board on efforts to bring the 2016 Republican National Convention to Cleveland. He said that local fund raising is continuing, and our outlook for the 2016 RNC is optimistic.

He noted Cleveland's many positives that have it still in the running for the RNC including:

  • More than 100 restaurants within a 15-minute walk of main convention area
  • Main convention area (The Q) is in a central location with state-of-the art renovation; 20,000+person capacity
  • 17,000 hotel rooms in a short radius
  • Air transportation: 15 minutes from Hopkins; Burke Lakefront is downtown; Akron-Canton airport is 45 minutes from downtown
  • Eight hours or less drive time to an array of major cities
  • Significant major event experience
  • World-class arts and culture attractions

Cleveland is also the only city under consideration for both the Republican and Democrat 2016 national conventions.

For RNC 2016, Cleveland is ready for its close-up

There’s more about why Cleveland is ready and well-positioned to host the 2016 Republican National Convention in a guest column posted today on Cleveland.com: “For RNC 2016, Cleveland is ready for its close-up” by GCP President Joe Roman and Positively Cleveland President David Gilbert.

Click here to read more.

 

GCP, Commission annual reports online

You can find the 2013 annual reports of the Greater Cleveland Partnership and the Commission on Economic Inclusion, a program of the GCP, on our website.

The GCP report highlights progress in advancing our priorities in advocacy, physical development and infrastructure, business development, education reform, inclusion and our middle market initiative.

The Commission annual report includes a summary of the results of the 2013 Employers Survey on Diversity; information on 2014 Hall of Fame inductees and 2013 Best-in-Class award winners and a timeline of progress toward implementing recommendations of the Memorandum of Understanding on community benefits agreements for construction projects in the City of Cleveland.

Click here: GCP Annual Report


Click here: Commission Annual Report
 

National foundation awards nearly $3 million to Cleveland’s Plan for Transforming Schools

Grants to help families make informed school decisions, streamline school enrollment

The Laura and John Arnold Foundation announced last week that it is providing nearly $3 million to support key education reform strategies outlined for the Cleveland Transformation Alliance and the Cleveland Metropolitan School District (CMSD) in Cleveland’s Plan for Transforming Schools.

Specifically, the grant will allow the Alliance to develop and disseminate comprehensive, independent and user-friendly information on every public school choice in Cleveland, and help families navigate their choices so they may find the best fit.

“This grant will greatly leverage our capacity to work with families and organizations across Cleveland to create a cultural shift toward quality school choice, a model that has worked in other cities," said Megan O’Bryan, executive director of the Transformation Alliance.

As part of the nearly $3 million award, the CMSD will receive a $1.5 million grant to “Develop a Universal Enrollment System” for all public school children in the city and to create a CMSD-specific performance framework to provide accurate information to parents about its schools.

The Greater Cleveland Partnership’s current priority in education is our work to support Mayor Frank Jackson's "Cleveland Plan," which calls for dramatic changes in how the CMSD operates and creates a new system of district and charter schools that are held to the highest standards as they work in partnership to create dramatic student achievement gains for every child.

Click here to read more about the grant.

Middle-market insights: Using technology to improve efficiency

Companies can improve efficiency, which typically means getting smarter about business processes. But in the middle market, process improvement can be difficult.

Erik Sherman, a National Center for the Middle Market contributor and author, notes that a mid-sized business doesn't have the resources of a large company to devote to reviewing and improving the structure and execution of processes through full business-process re-engineering.

He says technology can help as the right tools can “let executives better observe and control processes, eliminate waste, and improve efficiency.” He recommends:
  • Model what you do now. Before you can improve something, you need to understand how it works.
  • Benchmark yourself. When you know what you do, measure how well it currently works, then benchmark the results against best practices for the industry.
  • Improve process technology. After you get a view of where you are with respect to competitors and you see the changes you need to make, help enforce them with better process technology.
  • Improve innovation. One of the best ways, though, to constantly improve effectiveness is to encourage and enable innovation.

Click here for more information.

The National Center for the Middle Market, a collaboration between The Ohio State University Fisher College of Business and GE Capital, is a strategic partner of the GCP Middle-Market Initiative.