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.
The GCP Submits Testimony on the Importance of Access to Capital
On October 11th, the Ohio Senate Transportation, Commerce, and Workforce Committee received testimony from the Greater Cleveland Partnership (GCP) regarding House Bill 10 (HB 10), legislation that would permit intrastate crowdfunding in Ohio.
Building capacity and improving access to capital for businesses across the state is just one of the many important undertakings outlined by our members in the GCP Public Policy Agenda. HB 10 would allow Ohioans to invest in businesses through an online OhioInvests Portal.
“Access to capital promotes stability and greater predictability and can allow entrepreneurs to create jobs and thrive in an ever-changing environment,” said Marty McGann, Senior Vice President of GCP Government Advocacy. “The importance of continuing to make strides to maintain an economic environment conducive to startup entrepreneurship cannot be understated and the need for Ohio not to lose ground on strides made in other states is critical to our collective success.”
This summer, approximately two weeks after the GCP provided testimony to the House, the bill cleared the Ohio House Representatives. The GCP will continue to monitor activity in the Ohio Senate and advocate on behalf of our members.
Read GCP’s submission to the Ohio General Assembly on HB 10.
The GCP Supports Camp Ravenna as Preferred Site for New Missile Defense System
Northeast Ohio – particularly Greater Cleveland – is home to a number of federal and state installations (military and non-military). The NASA Glenn Research Center, Department of Defense assets and their associated jobs represent an overall economic impact of $2.3 billion and more than 13,000 jobs in Northeast Ohio. Protecting the military value, economic impact and development of these assets are critical to the region. That is why GCP recently submitted testimony in support of Senate Concurrent Resolution (SCR) 8, which supports Camp Ravenna being the preferred site for a new federal east coast missile defense system.
Camp Ravenna – a military training facility located in Northeast Ohio – is currently one of three sites being considered by the United States Missile Defense Agency (MDA). If selected, Camp Ravenna would provide additional capacity to the U.S. military while bringing more than $3 billion of investment to Northeast Ohio. Thousands of construction jobs would be created over a three to five-year period and, once constructed, more than 800 high-quality, permanent jobs are expected to maintain operation of the site.
GCP has partnered with the Youngstown-Warren Regional Chamber of Commerce and the Eastern Ohio Military Affairs Committee to position Ohio for this opportunity.
Read GCP’s full testimony in support of SCR 8.
Welcome New GCP Members
We're pleased to welcome these Northeast Ohio companies and organizations as new GCP members.
Industry Experts Needed for Academies of Cleveland Panel
Your help is needed to build a strong talent pipeline for our region by providing expertise in industry-focused panel discussions for the Academies of Cleveland, a high school college and career readiness initiative within five high schools in the Cleveland Metropolitan School District (CMSD). The panel discussions will be November 7th from 10:45 to 11:30 a.m. at Max S. Hayes High School.
The business panel discussions will provide Academies of Cleveland teachers with a high-level understanding of how the industry-related technical curriculum they are delivering in the classroom applies in the real world of work. High school educators will gain a current view of your industry standards, needs, and trends. These teachers will take what they learn from business professionals and apply it to their curriculum to help better prepare their students to enter your field.
We are looking for representatives to participate on panels for the following industries:
• Biomedical Science
• Hospitality/Culinary Arts
• Exercise Science and Sports Medicine
• Health Care
• Law and Public Safety
• Animal Science and Management;
• Horticulture and Landscape Design
• Industrial Power Technology
• Automotive Technology/Diesel Technology
• Construction Technology
For questions or to sign up for a panel discussion, please contact Angela Finding at 216-592-2385 or firstname.lastname@example.org.
Newly Formed Bipartisan NASA Caucus
A newly formed bipartisan NASA Caucus will be chaired by Ohio Congresswoman Marcy Kaptur and Congressman Steve Knight from California. According to reports, the NASA Caucus will work to strengthen the awareness of NASA’s many connections to national security and economic interests, provide a bipartisan forum to discuss the scientific and technological challenges to American flight and space exploration endeavors, and serve as a focal point for public and private sector air and space expertise that cover the full range of NASA’s initiatives. Twenty-six members of Congress have signed on to support the Caucus, including Congressmen Bill Johnson and Dave Joyce.
“We applaud Congresswoman Kaptur and Congressmen Johnson and Joyce for their efforts to heighten the awareness and importance of NASA,” says GCP’s President & CEO Joe Roman. “We are grateful for their tremendous support of NASA Glenn Research Center and Plum Brook Station. We look forward to working with them as the caucus begins its work.”
The NASA Caucus will host an event in December to kick off its activities. Read more about the caucus.
Nominate your emerging leaders for GCP LEAD
We are now accepting nominations of emerging leaders from Greater Cleveland Partnership member companies for the 2018 GCP LEAD Cohort 3. You may nominate one or two individuals.
GCP LEAD (Link. Engage. Advocate. Develop.) was created because the GCP recognizes the importance of cultivating our region’s future business and community leaders through becoming engaged in the GCP's work.
Nominees must have at least five years of professional experience and an interest in getting involved in the GCP's priority areas of economic development, education and workforce, advocacy, diversity and inclusion, business development, or physical development.
To submit your nomination(s), please contact Angela Finding at email@example.com.