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CDA invests in two major projects in Cleveland
Financing has closed on the first two projects to receive allocation from the $30 million federal New Markets Tax Credit (NMTC) award that Cleveland Development Advisors (CDA), the Greater Cleveland Partnership’s real estate and business development finance affiliate, received earlier this year.
They are the learning center at the St. Luke’s campus and the redevelopment of the East Ohio Gas Building. The combined $12 million of NMTC allocation leveraged total development of $81 million.
GCP applauds Controlling Board approval of Medicaid expansion
The Greater Cleveland Partnership applauds Governor Kasich and the Controlling Board for today’s decision to approve the release of federal funds for Medicaid expansion in Ohio to 138 percent of the federal poverty level.
“We’ve supported Medicaid expansion, along with other chambers across the state, because the business community understands that failure to do so would harm employers and the state's bottom line,” said GCP President and CEO Joe Roman.” Expansion is good for businesses and Ohioans.”
Collaborating to advance Great Lakes priorities
Speaking on behalf of the Great Lakes Metro Chambers Coalition, Greater Cleveland Partnership Senior Vice President of Advocacy Carol Caruso participated in a panel discussion hosted by the Canadian Studies Center at Michigan State University on October 10.
The conference examined public policy issues and business development opportunities in the Great Lakes region and explored ways in which the Great Lakes states and Canada can collaborate to achieve common goals.
Significant progress made to promote inclusion in Cleveland construction projects
Backed by strong support from the public and private sectors, several action steps have been taken to implement recommendations on how to increase local and minority participation on major private sector construction projects planned in the City of Cleveland.