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Every Monday E-news
Greater Cleveland Partnership Joins Coalition Committed to Non-Discrimination
The Greater Cleveland Partnership’s board leadership has voted for the organization to become a member of Ohio Business Competes, a non-partisan coalition of businesses committed to achieving non-discrimination policies to add protections in housing and employment for the LGBTQ community statewide.
Will Congress Reconcile Differences on House/Senate tax packages?
Following a standoff on the Senate floor Thursday evening, the U.S. Senate approved tax reform legislation early Saturday morning.
The Senate tax legislation passed despite various concerns over the future impact on the nation’s debt and that the proposal may not provide enough benefits for certain types of businesses and individuals.
Cleveland Council Passes Petition Transparency Proposal
GCP members have expressed concerns over parts of the process in place for petitioners to place an issue on the local ballot. After all, even well-intended ballot issue proposals and campaigns can severely limit the way businesses can strengthen and grow.
To help shine more transparency on Cleveland ballot issues that are brought forward, City Council introduced and passed a proposal last week that would make it mandatory for circulators of petitions to file an itemized statement that provides more information on that individual’s petition circulation experience.
54th Annual Public Officials Reception
Local, state and federal elected officials gathered with Cleveland's business and community leaders Friday at FirstEnergy Stadium for the 54th annual Public Officials Reception.
Port of Cleveland and Tri-C issues win approval, questionable drug measure fails
Unofficial Election Day results, as reported by the Cuyahoga County Board of Elections, are in. The GCP proudly supported the Issue 59 (Port of Cleveland) and Issue 61 (Tri-C) and opposed Issue 2, a deceptive measure that would have changed the way Ohio purchased prescription drugs.
GCP recommends support for the Port of Cleveland and Tri-C,
opposes questionable drug pricing measure
Vote YES on Issue 59, Port of Cleveland
The renewal of the Port of Cleveland’s operating levy will cost a homeowner a mere $3.50 annually for every $100,000 of home value, making it one of the smallest tax levies in Cuyahoga County.
Vote YES on Issue 61, Tri-C
GCP supports a capital bond issue that would annually cost $17.50 for every $100,000 of home value; the funding will support new Tri-C facilities and upgrades across all campuses.
Vote NO on Issue 2, Deceptive Drug Pricing
GCP opposes a statewide ballot proposal that would change how the state of Ohio purchases prescription drugs.
The proposed initiated statute, Issue 2, would attempt to prohibit the state from purchasing a prescription drug unless the net cost of the drug is equal to or less than the lowest price paid for the drug by the U.S. Department of Veterans Affairs.
Immigration Study Reveals Impact in Cleveland
A new study on the impact of immigrants on the Great lakes economy shows a talent stream that can be tapped to grow the economy and create jobs. The report highlights that immigrants are helping to create local jobs, specifically in the healthcare sector.
Amazon HQ2 Bid Submitted
The Greater Cleveland Partnership, City of Cleveland and Cuyahoga County joined TeamNEO, JobsOhio, the State of Ohio and numerous local partners in submitting a bid for Cleveland to be the site of Amazon’s second headquarters known as HQ2. More than 20 organizations and over 90 individuals from throughout the community came together to develop a strong, compelling case to present to Amazon.
More than 100 municipalities across North America are expected to submit bids.
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.
State Capital Bill
The 2018-19 state capital bill is underway. This is a legislative-led process that provides funding for community projects across the state. Over the next several months, the General Assembly will work with the Administration to determine and prioritize significant projects to support with capital funding. GCP has historically participated in this process by prioritizing Northeast Ohio projects and advocating their importance to the legislature and Administration.
Amazon Confirms 2nd Fulfillment Center in Euclid
Amazon confirmed late last week that a fulfillment center will be built in the vacant Euclid Square Mall. This is in addition to the site previously announced in North Randall. Both locations will bring thousands of new jobs to Cleveland.
GCP Board approves strategic plan
At their quarterly meeting last week, the Greater Cleveland Partnership Board of Directors provided preliminary approval of the GCP Strategic Plan. Over the last 30 days, four task teams with representatives from member companies met to focus on prioritization of the various projects and initiatives within each of the strategic plan pillars: Talent that Fuels Growth; Places with Impact; Driving Connectivity; and Environment to Support, Start, Scale and Stay. Each group had the opportunity to hear from experts on the topics within each pillar and was tasked with identifying the most important areas of focus for the business community. The results of this work were shared with the GCP Board for their review and support.
GCP Chairman’s Forum reviews strategic plan progress and next steps
Progress continues as the Greater Cleveland Partnership works to complete its new three-year strategic plan by the end of the year.
Last week, about 100 business leaders from GCP member companies heard an update on the plan’s current status and next steps from Board Chair Rick Chiricosta, chairman, president and CEO of Medical Mutual (photo right), and GCP President and CEO Joe Roman at the GCP Chairman's Forum.
The plan is shaping up around four areas of focus: Places with Impact; Talent that Fuels Growth; Driving Business Connectivity; and Environment to Start, Support, Scale, and Stay. Read more.
CDA provides financing for The Beacon
Cleveland Development Advisors (CDA), an affiliate of the Greater Cleveland Partnership, closed on a $5 million loan for Stark Enterprises’ new project, The Beacon.
The 20-story residential tower will be built on top of the garage located at 515 Euclid Avenue in downtown Cleveland. It will feature 187 one- and two-bedroom luxury units.
Building amenities include a rooftop party room, patio and dog park, plus a fitness room with a yoga studio.
The Beacon, which will open in 2019, will be the first high-rise residential building constructed in downtown Cleveland in decades. Read more.
Destination Iceland: Two airlines announce new service
from CLE offering connections to Europe
Cleveland is continuing to demonstrate that it is a strong, viable air service market with last week’s announcement by two airlines that they will begin service from Hopkins International Airport (CLE) to Iceland with direct connections to many European destinations.
IcelandAir announced that it will launch four times weekly service from Reykjavik, Iceland’s capital city, starting in May 2018.
In addition, WOW air announced that it will launch four times a week service to Reykjavik that same month. Read more.
GCP remains strong supporter of The Q Transformation Plan
The Greater Cleveland Partnership remains a strong supporter of The Q Transformation Plan
. Maintaining and upgrading our civic assets like Quicken Loans Arena prolongs their useful life and enhances the impact they have in our community.
There is no doubt The Q provides an unmatched economic impact in Northeast Ohio. The facility has over a thousand events annually, bringing roughly 2 million people to the heart of our city. Read more.
CDA invests in new home for The Children’s Museum
Cleveland Development Advisors (CDA), an affiliate of the Greater Cleveland Partnership, provided an $8 million New Markets Tax Credit (NMTC) allocation for the new Children’s Museum of Cleveland (CMC).
CMC has acquired and is renovating the Stager Beckwith mansion on Euclid Avenue in MidTown, one of the last remaining mansions of Cleveland’s historic Millionaire’s Row. The three-acre property is conveniently located two blocks from I-90 and on the Healthline.
It will provide the museum a larger home complete with green space for an outdoor play area and ample parking. Read more.
Job Creation Tax Credit can apply to employees who work
When Governor Kasich signed the state budget bill into law, it included an important provision that would allow eligible employers applying for the Job Creation Tax Credit to count qualifying work from home employees in their job creation totals.
The provision also ensures that the benefit of an employer expanding in or locating in the state still has an advantage for Ohio by specifying that the new employees must reside here.
The GCP championed the inclusion of this provision in the state budget bill, as well as stand-alone legislation sponsored by Senator Matt Dolan and Representatives Tom Patton and Sarah LaTourette. Read more.
GCP advocacy efforts continue to protect and support
NASA Glenn Research Center’s recently released FY 2016 Economic Impact Study demonstrates that the importance of the center continues to grow.
NASA Glenn has an overall $1.4 billion economic impact on Northeast Ohio, an increase from the previous fiscal year. The center generates $125 million in tax revenue for the region and has created, directly and indirectly, more than 7,000 jobs in the region.
The annual study produced by Cleveland State University helps to illustrate NASA Glenn’s impact on the State of Ohio and serves as a critical advocacy tool to support the center in Washington DC and Columbus.
The Greater Cleveland Partnership maintains a leadership role in working collectively with Ohio’s federal and state elected leaders to protect NASA Glenn’s core missions and position the center to seize new opportunities that advance new technologies for space exploration and the business community.
A Centaur engine display with the NASA Glenn Flight Research Building in the background. Source: NASA Glenn website
Key considerations in finalizing the new state budget
In this “GCP Insight” video, State Representative Sarah LaTourette talks with Sante Ghetti, the Greater Cleveland Partnership’s vice president of advocacy, about some of her recent legislative priorities.
They include health care and key considerations that were discussed in the process of finalizing the new state budget.
Click to watch.
Great Lakes funding restored, advocacy continues
Last week the U.S. House Appropriations Subcommittee on Interior (EPA and related agencies) marked up its FY2018 appropriations bill.
This proposal restored the $300 million funding for the Great Lakes Restoration Initiative that was originally eliminated in the president’s executive budget proposal. The subcommittee also included language prohibiting the Army Corps of Engineers from dumping dredged materials from the Cuyahoga River into Lake Erie without approval from the State of Ohio.
The Greater Cleveland Partnership thanks subcommittee members Congressman Dave Joyce and Congresswoman Marcy Kaptur for their hard work on these initiatives. Read more.
Important information for employers about Workers’ Comp initiatives
The Ohio Bureau of Workers’ Compensation (BWC) is returning more than $1 billion to Ohio's private and public employers starting today, July 10.
More about the specifics of the rebate and eligibility is provided here.
Of equal importance for some employers is that the BWC—with the help and support of partners in the business community—also is planning new health and safety initiatives with a $44 million investment to create safer, healthier workplaces in Ohio. Read more.
Water quality bill awaiting Governor Kasich’s signature
Last week Senate Bill 2—the Ohio General Assembly’s environmental protection legislation—was sent to Governor Kasich for his signature.
Senate Bill 2 will strengthen requirements for the disposal and safe use of dredged materials from federal navigation channels and connected maritime port facilities. This provision is beneficial for the Cleveland-Cuyahoga Port Authority.
The Greater Cleveland Partnership works closely with the Port to advocate for timely and consistent dredging along the Cuyahoga River, an important water channel for international businesses shipping goods in and out of Cleveland. Read more.
Next steps outlined in GCP’s strategic planning process
Work to advance progress on the new Greater Cleveland Partnership three-year strategic plan will continue over summer.
Next steps were outlined last week at the GCP Board’s quarterly meeting.
It will include securing additional feedback from GCP Board members and representatives from GCP member companies, as well as seeking their participation in task groups that will focus on the four key themes outlined by GCP Board Chair Rick Chiricosta at the organization’s Annual Meeting earlier this month: Places of Impact, Talent that Fuels Growth, Driving Connectivity and Business Development: Start, Stay, Scale Up.
The timeline calls for final recommendations to be presented at the Board’s third-quarter meeting in September followed by final Board approval at the December meeting. Read more.
Updates: State budget process and congressional redistricting reform
Important policy issues continue to be debated at the Ohio Statehouse leading up to a new two-year state budget deal that will need to be in place by the end of June.
In this “GCP Insight” video, Sante Ghetti, the GCP’s vice president of advocacy, speaks with State Senator Frank LaRose about the state budget and the possibility of congressional redistricting reform. Click to watch.
Advocacy efforts focus on building a strong talent pipeline
The Greater Cleveland Partnership recently provided testimony on SB 3 and HB 166, key workforce bills moving through the Ohio General Assembly that seek to strengthen the state’s workforce development system.
The provisions in both pieces of legislation stem from the Building Ohio’s Future Workforce report
, released by the Governor’s Office of Workforce Transformation at the beginning of the year. Learn more.
Expanding the state’s job creation tax credit
Topics in this “GCP Insight” interview with Greater Cleveland Partnership Senior Vice President of Advocacy Marty McGann and State Senator Matt Dolan include the expansion of the state’s job creation tax credit to include full-time, home-based employees.
Click to watch.
The GCP Insight video series features conversations about topics of interest to the Greater Cleveland business community.
Commission announces 2016 Best-in-Class winners
The Commission on Economic Inclusion, a program of Greater Cleveland Partnership, will recognize eight organizations for their diversity and inclusion efforts at the GCP Annual Meeting on Thursday, June 7 from 4:30 to 7:30 p.m. at the Hilton Cleveland Downtown Hotel.
The Best-in-Class Award winners are selected based on the results of the Commission’s annual Diversity and Inclusion Organization Assessment. The assessment is an online tool that collects data on the Commission’s four main areas of focus—board, senior management, workforce and supplier diversity—and recognizes top performers in those areas. Click to find out who won.
Ohio’s congressional delegation supports key development tool
In recent weeks, Ohio’s U.S. Senators Rob Portman and Sherrod Brown signed on as legislative cosponsors of the New Markets Tax Credit (NMTC) Extension Act of 2017.
This legislation proposes a permanent extension of the federal NMTC program, currently set to expire in 2019. The legislative proposal would also increase the annual NMTC allocation. Several U.S. House members from Ohio are already lined up in support of the companion legislation in the House.
Those members include Rep. Pat Tiberi (lead sponsor), Rep. Dave Joyce, Rep. Jim Renacci, Rep. Tim Ryan, Rep. Bob Gibbs, Rep. Bill Johnson, Rep. Betty Joyce, Rep. Steve Stivers, and Rep. Michael Turner. Read more.
GCP advocacy efforts impact funding, protection
for Great Lakes
Maintaining the quality of the Great Lakes and maximizing their economic impact continue to be top priorities for the Greater Cleveland Partnership.
Recently, the organization has engaged in key advocacy and community initiatives to advance efforts to protect this valuable resource to the region and state.
U.S. middle market carries strong momentum into 2017;
Ohio predicting strong revenue growth
The U.S. middle market closed 2016 on a high note and has carried that momentum into 2017, with all indicators pointing to an increasingly robust performance.
Actual and projected revenue and employment growth rates continue to rise significantly, and economic confidence is keeping pace, according to the National Center for the Middle Market's 1Q 2017 Middle-Market Indicator (MMI) survey.
Meanwhile, Ohio’s middle-market companies are expecting their revenue to grow over the next 12 months at a higher level than their counterparts across the U.S. (9.5 percent compared to 8.8 percent). Read more.
Investments preserving Northeast Ohio’s environmental, economic health
Kyle Dreyfuss-Wells, the newly appointed CEO of the Northeast Ohio Regional Sewer District (NEORSD), recently sat down with Steve Luttner, vice president of Lesic & Camper, for a “GCP Insight” interview.
They discussed the critical importance of our freshwater resources and the massive investments being made to preserve our region’s environmental and economic health. Click to watch.
CDA closes on financing for UH Rainbow Center in Midtown
Cleveland Development Advisors (CDA), an affiliate of the Greater Cleveland Partnership, has closed on financing for the UH Rainbow Center for Women & Children in Midtown.
CDA provided a $10 million federal and $2.5 million Ohio New Markets Tax Credit Allocation. Additional allocation was provided by Northeast Ohio Development Fund (NEODF) and PNC Bank who also served as the investor.
The newly constructed facility of UH Rainbow Babies & Children’s Hospital and UH MacDonald Women’s Hospital will serve a federally designated medical/dental underserved area. Read more.
Investing in The Q boosts Cleveland’s growing hospitality industry
Last week, Greater Cleveland Partnership President and CEO Joe Roman was interviewed on “ESPN Cleveland Tonight” on ESPN 850 WKNR by host Dave Skoczen about the proposed renovation of Quicken Loans Arena.
He talks about how the expansion would have a positive impact on Cleveland’s hospitality industry—which is a steadily growing contributor to the city’s economy.
He also discusses why renovations are needed now to ensure that the 23-year-old arena can be competitive with newer facilities. Read more.
Click to listen.
Senator Portman in Cleveland to discuss Great Lakes
The Port of Cleveland hosted U.S. Senator Rob Portman and state administration officials for a roundtable discussion with stakeholders supportive of the Great Lakes Restoration Initiative (GLRI).
Greater Cleveland Partnership staff members were involved in the session that focused on how federal GLRI funding aims to combat invasive species, control polluted runoff and otherwise improve the Great Lakes.
A recent budget blueprint by the federal administration called for an elimination of GLRI funding. The GCP will continue working with local stakeholders, regional partners, and federal officials to build support for full funding ($300 million) of the GLRI. Read more.
Full federal funding urged to protect the Great Lakes
The Greater Cleveland Partnership
, the Port of Cleveland
and Cleveland Water Alliance
today issued the following joint statement in response to the federal budget proposal released last week:
“We stand in strong support of the Great Lakes Restoration Initiative (GLRI).
“Our lake, Lake Erie is a treasured asset and the most vulnerable of the five Great Lakes. It accounts for $10.7 billion in economic impact and roughly 30 percent of all tourism dollars that come to our state. This economic impact trickles into nearly every aspect of our community.
“The federal government must continue fully funding GLRI to preserve, protect and enhance the Great Lakes. We will work closely with our partners across the region and with our members of Congress to ensure this funding is restored.”
Don’t dim a good source of our city’s economic power
In a guest column in this week’s Crain’s Cleveland Business, Greater Cleveland Partnership President and CEO Joe Roman talks about why investing in The Q is also an investment in our community’s neighborhoods.
He notes that “The Q is a steady and dependable economic driver that enhances our fiscal resources and improves our business environment. It’s a fact that the Q is an economic powerhouse that benefits everybody in Cuyahoga County, including those who never attended any of the more than 200 annual events held at the facility.
“The venue creates a wide array of positive economic conditions. Last year alone, The Q was responsible for producing $44 million in taxes. And, since it opened in 1994, it has generated a total of $500 million in taxes. Read more.
Nominate your emerging leaders for GCP LEAD
We are currently accepting nominations of emerging leaders from Greater Cleveland Partnership member companies for the 2017 GCP LEAD Cohort 2. 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 the work of the GCP.
The GCP LEAD group will be an exclusive cohort of emerging leaders from member companies with at least five years of professional experience and an interest in getting involved in the areas of economic development, education and workforce, advocacy, diversity and inclusion, and business and physical development. Learn more.
Tax reform and the Northeast Ohio business community
On Friday, February 24, the Greater Cleveland Partnership (GCP) hosted a forum with Senator Rob Portman and GCP members regarding the direct impact our nation’s tax code has on job creators and the business community as whole.
The constructive discussion provided business leaders from across the region the opportunity to address critical tax issues and specific tax priorities that directly impact our region.
Click to watch a portion
of the Senator’s remarks after the meeting.
Plugging in: Business community input needed to address workforce challenges
In a 2016 poll of the Greater Cleveland Partnership (GCP) Board of Directors, approximately two-thirds of the respondents identified recruiting and retaining a qualified workforce as a top business challenge for their companies.
With the GCP ramping up its talent and workforce development efforts, there are currently several opportunities for GCP members to get involved in a variety of programs and initiatives.
Learn more about how you and/or others in your company or organization can plug in to provide business community input. Read more.
Addressing the challenges of recruitment and talent development
Workforce continues to be an area of challenge for Northeast Ohio employers.
Businesses are seeking skilled workers who are reliable, have on-the-job experience and are committed to growing with the company. At the same time, college students in the region are learning that in today’s competitive market, real-world work experience is crucial to landing a job and advancing their careers.
The second annual Cleveland Internship Summit, presented by the Greater Cleveland Partnership (GCP) last week at the Embassy Suites in Independence, helped further the conversation around these workforce challenges and provided best practices in recruitment and talent development. Read more.
GCP instrumental in significant business expansion project
The Greater Cleveland Partnership's Business Development team
and Cleveland Development Advisors
(CDA), the GCP’s real estate and business development finance affiliate, were instrumental in helping to marshal a financial package to support Charter Steel’s $150 million investment to build a new Special Bar Quality (SBQ) bar mill adjacent to its existing coil mill and steel-making operations in Cuyahoga Heights.
In addition, CDA has reserved (pending final underwriting and board approval) $10 million of its current award of New Markets Tax Credit Allocation for this significant business expansion project. Read more.
GCP PAC 2016 Annual Report released
As a region, we have recently enjoyed many gratifying success stories
The Greater Cleveland Partnership (GCP) is more energized than ever to support your priorities through government advocacy. Critical tools at our disposal, like the Greater Cleveland Partnership’s Political Action Committee (GCP PAC)—help ensure the collective voice of all our members is heard in state and local government.
The GCP recently unveiled the GCP PAC 2016 Annual Report
, a document that summarizes the progress we’ve made to further strengthen the GCP PAC and the impact we can have going forward by collectively pooling our resources for the betterment of our business environment. Read more.
Ensuring a level playing field for Ohio companies
In this segment of the “GCP Insight” video series, U.S. Senator Sherrod Brown’s conversation with Marty McGann, the Greater Cleveland Partnership’s senior vice president of advocacy, includes comments on the importance of trade enforcement to ensure a level playing field for Ohio companies.
Click to watch.
GCP Advocacy: A look back, a look ahead
The Greater Cleveland Partnership’s advocacy efforts are driven by our mission of mobilizing private-sector leadership, expertise, and resources from businesses of all sizes to create attractive economic conditions that create jobs, grow investment, and improve the prosperity of our region.
In 2016, we enjoyed some significant victories for the business community locally and throughout Ohio. Click for a summary of some of those victories.
The next few years will bring several changes to the political landscape at the local, state, and federal levels. Later this month, the GCP will release its board-approved 2017-18 Public Policy Agenda, which will serve as a road map for the top public policy issues that have been identified as important to the Northeast Ohio business community.
Cleveland-only minimum wage increase effort, opposed by GCP, is suspended
An initiative that proposed a Cleveland-only minimum wage increase was brought forward months ago that would have phased in a $15 an hour minimum wage (starting with $12 an hour in January 2018) while the rest of the state remained at $8.15.
The Greater Cleveland Partnership and our partners advocated for state intervention and opposed this misguided local minimum wage ballot issue 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 announced today that they are suspending their effort to raise the minimum wage in Cleveland but will continue advocating for a statewide effort to raise the minimum wage. Read more.
Looking ahead to build on positive momentum
As we welcome in the new year, the Greater Cleveland Partnership will continue to focus on continuing the positive momentum that has been building for many years and resulted in several memorable accomplishments in 2016. (See our 2016 year-end issue of Every Monday
Through the first half of 2017, we will launch a strategic planning process to identify where we should focus on percolating issues. We’ll also continue to drive the business community’s involvement in several of our current priority areas. Read more.