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Every Monday - News From GCP

Greater Cleveland Partnership Supports Places with Impact in Recommended State Capital Bill Projects

GCP is recommending that the Ohio Legislature include financing for 14 high-impact projects in the state’s 2017-18 capital bill. 

Places with Impact will continue GCP’s development efforts to improve access to Lake Erie and the Cuyahoga River, downtown development, and transformational neighborhood projects. It will also include support for multi-modal connectivity.

Read more
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Deal Reached on Federal Tax Reform

Congressional leaders have struck an agreement in principle on a $1.5 trillion tax bill that if passed, this week, could be signed by the President before Christmas.

Members of the Greater Cleveland Partnership (GCP) believe a thoughtful, balanced, and competitive tax environment is critical to the success of our economy and that any reforms made must be all-inclusive and benefit all sectors of the business community.  GCP leadership and staff worked closely with U.S. Senator Rob Portman, who served on the conference committee resolving difference between the House and Senate proposals. Sen. Portman was critical to preserving key economic development tools, like the New Market Tax Credit and Historic Tax Credit, which are crucial to advance economic development in Greater Cleveland.

Click here for a recent piece submitted and posted to Cleveland.com by Joe Roman, President and CEO of the Greater Cleveland Partnership.  
 

View a recent correspondence from the Great Lakes Metro Chamber Coalition, which GCP co-founded.

Data Protection Act

Members of the Greater Cleveland Partnership (GCP) have increasingly identified cybersecurity as an emerging issue.  Our member, Tim Opsitnick, played an instrumental role in helping to introduce the Data Protection Act (SB 220) – an initiative to help Ohio businesses with cybersecurity issues.  

The bill provides an incentive to encourage businesses to achieve a higher level of cybersecurity through voluntary action.  Swift passage of this common-sense legislation is a worthy goal and the Greater Cleveland Partnership looks forward to playing a role in the process by educating stakeholders on its importance.

Learn more about SB 220.

State Minimum Wage to Increase in 2018

Beginning January 1, 2018, Ohioans on minimum wage will see a small increase in their paychecks.  The state wage will rise from $8.15 an hour to $8.30 an hour for non-tipped employees. Tipped employees will increase from $4.08 to $4.15.

An amendment passed by Ohio voters a little over 10 years ago mandated Ohio’s minimum wage increase on January 1 of each year based on the rate of inflation.  The 2018 increase is the largest in Ohio since January 2015. 

The Ohio minimum wage will remain at $7.25 per hour at businesses with annual gross receipts of $305,000 or less, and for 14- and 15-year-olds.

Click here
for more information to prepare your business for the change in Ohio’s minimum wage rate.

A separate, recent court ruling stated legislation that passed last year – outlawing unique local minimum wage rates outside of the state wage rate – could be invalid because the appeals court believed the bill violated a single-subject requirement. While GCP does not philosophically object to raising the minimum wage, our membership has articulated grave concerns with unique minimum wages imposed at the local level. 

The Greater Cleveland Partnership and its partners opposed a misguided local minimum wage and advocated for state intervention because it would place the City of Cleveland at a disadvantage, hinder job creation, business growth, and the overall momentum the city is now experiencing. Petitioners subsequently suspended ballot efforts to raise the minimum wage in Cleveland.