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Our region is often recognized by others because of the infrastructure and relationships we have built to improve inclusion – now it’s time to determine how we can use our strengths to both fuel equity and drive economic growth.
As The Fund for Our Economic Future’s “The Two Tomorrows” report illustrates, our region’s economy will never thrive and outperform our past if we don’t close the gaps in employment, income and wealth between whites and people of color. This isn’t just a local challenge. The W.W. Kellogg Foundation estimates that the United States could add 8 trillion dollars to GDP by 2050 if these inequities were eliminated. The city of Buffalo projects that “Closing the racial equity gap in income and wealth would mean an additional $12 billion in wealth for area families.” Cleveland can use its strengths to lead the nation in solving this longstanding crisis.
Doing so is a key component of the Greater Cleveland Partnership’s (GCP’s) recent strategic plan and has been a focus of GCP’s Commission on Economic Inclusion since it was founded in 2001. The Commission engages employers to increase board, senior management, workforce and supplier diversity and tracks performance via an annual assessment of nearly 100 of our largest organizations. Despite these efforts and progress, we, like the rest of the nation, have failed to close the racial economic gap. We and our partners are poised to seek new and innovative solutions.
CLEVELAND – Cleveland Development Advisors (CDA), the real estate financing arm of the Greater Cleveland Partnership, has committed its remaining $16 million in New Markets Tax Credit allocation to two projects in two major Northeast Ohio Cities– both of which represent catalytic, collaborative efforts to support major initiatives championed by local public, civic and business community leadership.
“These two Northeast Ohio projects represent capstone developments for the use of the balance of CDA’s New Markets Tax Credit allocation. Glenville Circle North in Cleveland and The Bowery development in Akron are both right down the fairway in terms of meeting CDA’s mission” said Yvette Ittu, President of CDA. “Both projects are extremely catalytic in nature and each are positioned to drive additional growth and have a long-term impact on the character and vitality of their cities and the region. We are very excited to be able to help move these highly impactful developments forward.”
GGP Expands efforts to Grow Businesses in Geauga County
Geauga Growth Partnership (GGP) holds business growth at the center of its mission and has recently entered into an agreement with Greater Cleveland Partnership (GCP) that will enhance its ability to provide outreach and services to Geauga businesses.
As a result of this partnership with GCP, GGP will be able to enhance business retention and expansion (BRE) visitation, with the intention of making area businesses aware of programs and services available to help expand operations, address workforce issues, and learn about offerings provided through GGP and JobsOhio.
Greater Cleveland Partnership Reveals Details of Multimillion-Dollar ‘forwardCLE’ Economic Development Campaign
CLEVELAND (May 15, 2018)—The Greater Cleveland Partnership (GCP) has unveiled details behind its multiyear, multimillion-dollar “forwardCLE” campaign aimed at unlocking the growth potential of Northeast Ohio businesses and continuing the region’s positive economic development momentum.
Winners Announced in 12th Annual Best of Tech Awards
CLEVELAND (April 20, 2018)—On April 19, more than 220 tech leaders from across Northeast Ohio gathered at the Tenk West Bank to see which companies would be honored at OHTec’s 12th annual Best of Tech Awards, which recognizes the highest performing and most innovative technology companies in Greater Cleveland.
See the winners.
10 Cleveland Organizations Join Forces to Form the Business Growth Collaborative, Promoting Inclusive Innovation in the City of ClevelandCollaborative Will Also Share a Minimum of $750K in Funding Over the Next Two Years
CLEVELAND, March 29, 2018 – A coalition of 10 Cleveland organizations have come together under the banner of the Business Growth Collaborative (BGC) to streamline their support for local entrepreneurs and secure an equitable economic future.
CLEVELAND, March 21, 2018 – Members of the Greater Cleveland Partnership (GCP) endorsed Cuyahoga County’s two-year renewal of the Health and Human Services (HHS) levy and supported a separate statewide issue aiming to revise the way Ohio draws U.S. Congressional district maps.