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Every Monday -- News from GCP

Funding for waterfront access projects tops list of state capital budget requests

Learn about the waterfront access projects that the Greater Cleveland Partnership is recommending for state funding through the State Capital Bill in this conversation with Marty McGann, GCP’s vice president, state and local government advocacy (photo left), and “GCP Insight” host Lesic & Camper Vice President Steve Luttner.

State officials asked the GCP to establish a capital bill prioritization process for Northeast Ohio economic development projects. GCP collaborated with several regional metropolitan lead organizations to ensure the capital budget bill maximizes the economic impact to our region and state.

Unlike past capital budgets, there are separate tracks for “economic development” and “arts” projects. GCP prioritized economic development projects for the region.

Click to watch the video.

Click here to for more information about the recommended projects. 

Join Team Cleveland: Help “Keep Cleveland Strong”


You can help increase public awareness—and correct public misconceptions—regarding the renewal of Cuyahoga County’s tax on cigarettes and alcohol.  Here’s how you can encourage a "YES" vote on Issue 7.

        **  Keep Cleveland Strong - Bar Spot

        **  Keep Cleveland Strong - Tom Hamilton

Connect with the campaign via social media and – most importantly – forward these links to your internal networks, friends and family.

Speak out to the media

You also can get involved through the writing and submission of letters to editors at various media outlets by members of your organization and through your networks.

This is crucial as reader letters are very well-read both in print and online. A letter-writing campaign will be an important component to educating the public about the facts that support passage of this vital measure.

 

The goal is for this to be a sustained effort between now and May 6. Please help Keep Cleveland Strong and encourage a "YES" vote on Issue 7 by striving to secure the submission of at least two letters every week, through your organization and network.

Click here for details about how to submit your letter(s).

 

Governor Kasich to be keynote speaker at GCP’s Annual Meeting


Be sure to join us at our 2014 Annual Meeting on Wednesday, April 2 from 4 to 7:15 p.m. at the Cleveland Convention Center where Governor John Kasich will be the keynote speaker.

Since his election in 2010, Governor Kasich has focused on strengthening the state's economy and providing opportunities for all Ohioans. Many of his top achievements align with the GCP’s top priorities including Cleveland and statewide school reform plans, highway funding reforming, including funding for the Opportunity Corridor, and health care funding for more low income and working poor Ohioans.

The Governor is the author of three New York Times best-sellers: Courage is Contagious; Stand for Something: The Battle for America’s Soul; and Every Other Monday, which was published in 2010 and focuses on the importance of faith in making both everyday choices and life-changing decisions.

Click to purchase your table.

Meet the Strong Contenders: Best-in-Class Senior Management Diversity

 

In addition to our keynote speaker, our agenda will again include the presentation of the Commission on Economic Inclusion’s Best-in-Class Awards recognizing exemplary achievement in board, senior management, workforce and supplier diversity by members of the Northeast Ohio business community.

Here are the “Strong Contenders” for Best-in-Class for Senior Management Diversity:


The award will be given in three categories: For-profit corporation, Nonprofit/Government and Middle Market. Join us on April 2 to find out who wins!

Have you reserved your corporate table?

 

You can secure prime seating for your company or organization at GCP’s 2014 Annual Meeting by becoming a Table Sponsor and purchasing a corporate table of 10 for $1,500.

Reserve your table today and join other business and thought leaders as we highlight GCP’s key accomplishments from 2013 and discuss our 2014 priorities. Registration and a reception will begin at 4 p.m. followed by the meeting, which will start promptly at 5 p.m.

 

Welcome, new GCP members


Welcome to these Northeast Ohio companies and organizations that recently joined the ranks of Greater Cleveland Partnership members. Click on the links below to read more about them.

 

CDA part of deal to help Applied Industrial Technologies purchase Midtown headquarters


Cleveland Development Advisors
(CDA), the Greater Cleveland Partnership’s real estate finance affiliate, has agreed to accept early repayment and forgo some interest to help Applied Industrial Technologies, a distributor of bearings and industrial parts, buy its headquarters in Midtown Cleveland.

 

CDA was part of a public-private partnership that put together the $34 million financing package for the building that was built in 1996 and is owned by the Cleveland-Cuyahoga County Port Authority. A city appraisal puts the property value at closer to $15 million.

GCP and CDA coordinated with JobsOhio leadership in Columbus and other partners to structure critical components of the ultimate financial package that led to Applied Technologies maintaining its presence in downtown Cleveland.

“The best use of that property is to put it in the hands of a corporate owner who is going to grow,” said GCP President and CEO Joe Roman. “Having this project probably overvalued in public hands is nowhere near as important as having it in the hands of a Fortune 1000 company.”

Click to read more about the agreement.
 

The truth about jobs in Northeast Ohio

A closer examination of statistics cited in recent news stories about job losses in Greater Cleveland tells a MUCH different story. More detailed data shows that the metro Cleveland area has been gaining jobs, not losing them, which was noted in this Plain Dealer editorial.

The discrepancy arises because the job-loss story is based on data known as Current Employment Statistics (CES), a monthly survey with a very small sampling; it only measures 6 percent of all U.S. establishments. In addition, according to the Bureau of Labor Statistics, “Measures of sampling error are not available for metropolitan areas.”

A more accurate picture is based on the Quarterly Census of Employment and Wages,” which is a quarterly count of 98 percent of all employment and wages, rather than from estimates derived from a small sampling of employers. However, these numbers are often overlooked by the media because they take much longer to report—seven months after the quarter that’s being measured.

“We want to be sure our members and the business community know what the real employment numbers are,” said GCP President and CEO Joe Roman. “When you look at it more closely, the jobs picture in the metro area reflects the positive momentum of the Greater Cleveland economy.”

Comparison shows job gains, not losses

The Plain Dealer editorial points out that “the CES estimated the over-the-year net change in May 2013 in the Cleveland metropolitan statistical area as a decrease of 5,100 jobs…But when the far more reliable Quarterly Census of Employment and Wages came out several months later, it showed that total employment in the Cleveland area in May 2013 was actually up by 9,004 jobs over the same month of the previous year.

“And in June 2013, the initial CES estimate showed a net decline of 6,900 jobs, only to have the QCEW report later show a net boost of 8,963 in the Cleveland metropolitan statistical area, which includes Cuyahoga, Geauga, Lake, Medina and Lorain counties.”

Click to read the editorial.

Adopt technology trends to attract, retain younger workers

“Consumerization” of IT is currently one of the top technology trends that middle-market businesses need to follow.

In addition to potential competitive operational benefits, consumerization policies such as "bring your own device" (BYOD) are important in the recruitment and retention of younger workers, who expect to use smartphones and tablets.

Erik Sherman, a National Center for the Middle Market contributor and author, notes that middle-market companies also will need to protect data, strategy and communications since these devices do not allow for an IT department’s usual level of control.

He recommends that middle-market businesses emulate larger companies “by having a comprehensive approach to mobile security, including antivirus, remote monitoring, and remote data wiping capabilities.”

Read the full article here.