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Economic realities driving East Cleveland annexation conversation

In this week’s “GCP Insight” video, East Cleveland Mayor Gary Norton discusses the economic realities that have led to the conversation about the possible annexation of the near-ring suburb by the City of Cleveland.

He notes that East Cleveland's population has dipped from 40,000 in 1970 to about 17,000 today. In addition, the average household income today is $20,000 and the majority of residents are unemployed.

These numbers, he says, point to the need to consider changes. Click to watch the video.

Joe Roman on WTAM

Topics in this month’s “Wills & Snyder” conversation with CEO Joe Roman include:

  • Our state funding recommendations for game-changing Greater Cleveland projects; supporting the effort to award Indians legend Bob Feller with the Presidential Medal of Freedom (click here to sign the petition);

  • Readiness to host the 2016 Republican National Convention (150 days and counting) Public Square, Hopkins Airport renovation and other projects are on schedule. Click to listen.

Help the effort to honor a Cleveland baseball legend

The Cleveland Indians have filed a petition to President Obama, launching a campaign to have All-Star pitcher Bob Feller honored with the Presidential Medal of Freedom—and the effort needs your help.

The petition requires 100,000 signatures by March 4 to require a response from the White House. As of today, more than 85,000 signatures are still needed. The Medal of Freedom is the highest civilian award in the United States.

Click here to learn more about--and to sign--the petition.

CDA closes on financing for new urban high school

Cleveland Development Advisors (CDA), the Greater Cleveland Partnership’s real estate and business development finance affiliate, closed on financing for the new Saint Martin de Porres High School (SMDP) in the St. Clair Superior neighborhood.

SMDP is a Cristo Rey Network school that provides children of modest economic means with an education experience that includes work study, service, leadership training and spirituality.

CDA provided Federal and Ohio New Markets Tax Credits as well as a loan. Read more.

Nonstop service continuing from CLE on two routes dropped by United

Although United Airlines is eliminating nonstop service between Cleveland Hopkins International Airport (CLE) and St. Louis in May as part of a system-wide realignment, the route will be picked up in June by Southwest Airlines.

This change, as well as United’s decision to cut its nonstop route from CLE to Las Vegas, reflects the reality of the marketplace, says GCP President and CEO Joe Roman, which can be a positive for Hopkins travelers.

“CLE’s high origination and destination passenger continue to be strong, which has attracted low and ultra-low cost carriers, increasing competition and driving down fares benefiting travelers, “said Roman.

“United’s system-wide realignment decision to reduce and replace regional flying impacts the CLE-STL route, but we’re fortunate to have Southwest Airlines picking up the route with larger equipment."

In addition, passengers flying to Las Vegas can choose from three nonstop options. Southwest, Frontier and Spirit are providing service. Read more.

Ohio's middle-market growth improves, tops national trend

Ohio’s middle-market companies’ year-over-year revenue growth in 2015 improved compared to 2014, according to the National Center for the Middle Market’s Middle Market 4Q 2015 Indicator report released last week.

Last year’s Ohio middle-market revenue growth rate was reported at 6.6 percent, compared to 5.4 percent at the end of 2014.

As a result, Ohio revenues topped the national 2015 growth rate of 6.1 percent, which was a full percentage point lower than what was reported at the end of 2014. Read more.

How internships can be a ” win-win” for employers and students

In this week’s “GCP Insight” video, Shana Marbury, the GCP’s general counsel and vice president, strategic initiatives and research, talks about the value of internships for both employers and students.

Learn how the GCP and Cleveland State University are working together to improve and enhance internship opportunities through the upcoming Cleveland Internship Summit and how you can add your input and ideas. Click to watch.