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Every Monday -- News from GCP

Why Congress should re-authorize surface transportation bill

In our latest “Insight” video, Greater Cleveland Partnership Vice President, Government Advocacy Nick Gattozzi discusses GCP’s efforts to build support in Congress for the Surface Transportation Re-authorization Bill with Lesic and Camper Vice President Steve Luttner.

Reauthorizing the bill is critical to both the U.S. economy and transportation infrastructure.

The current bill expires in September 2014.Funding under the previous bill supported such Northeast Ohio projects as the Euclid Corridor and the new Inner Belt Bridge. One project in the pipeline that could benefit from the re-authorization is a pedestrian bridge that would connect downtown Cleveland with the lakefront.

Click to watch.

Changes needed to state New Market Tax Credit program

Last week, Greater Cleveland Partnership staff joined a coalition of community development entities in asking state legislators to make key changes to Ohio’s New Market Tax Credit (NMTC) program.

The NMTC program provides a tax incentive to help drive private investment in low-income communities across the state. The recommended changes would streamline and better align the program with the federal NMTC program.

Click here for specific recommendations.

GCP reiterates support for forming aerospace and technology committee

The Greater Cleveland Partnership has reiterated its support of state legislation that aims to establish an aerospace and technology study committee.

In testimony before the Ohio Senate Committee late last month, GCP recommended minor changes to the legislation that would empower the committee to work closely with the Ohio Aerospace and Aviation Council and the Third Frontier Advisory Board.

This is the second time GCP staff testified in a legislative committee on this issue. For additional background, click here for GCP’s recent correspondence on the legislation.
 

Panel discusses next steps for CLE air service

GCP President and CEO Joe Roman was part of a panel on WCPN’s “Sound of Ideas” last week that discussed the impact of the announcement that Hopkins International Airport will no longer be a United hub.

The conversation also included comments on next steps toward ensuring that CLE can provide the air service that Greater Cleveland needs.

Click here for the broadcast.

Going nonstop from CLE

Although the United cutbacks at Hopkins Airport are ending several nonstop routes, CLE travelers can find nonstop service on other airlines to some of those cities:

Energy summit explores opportunities in oil sands market

In partnership with the Consulate General of Canada-Detroit, the Greater Cleveland Partnership’s (GCP) Business Development Team and Dickinson Wright PLLC co-hosted the “Fueling the Buckeye Economy: Canada-U.S. Energy Summit and Ohio Supplier Matchmaking Forum” on February 5 at the Holiday Inn Cleveland South in Independence.

Despite extreme weather conditions, more than 160 attendees heard from Consul General of Canada to Ohio Roy Norton; JobsOhio Managing Director David Mustine; and Alberta’s Representative to the U.S., David Manning.

Representatives of six leading Canadian energy companies—Canadian Natural Resources Limited, Cenovus, Imperial, MEG Energy Corp, Suncor and TransCanada Corporation—discussed sales opportunities, including more than $12 billion in active projects and an estimated $1.3 billion maintenance spend in 2014.

In addition, local companies PLIDCO, geoAMPS and Nidec Avtron Automation discussed their successful experiences in the oil sands market.

Oil sands are a naturally occurring mix of sand, clay, water and bitumen, a very heavy oil. With 169 billion barrels of oil sands reserves, Canada has the third largest global reserves of oil and, unlike the situation in many other countries, these reserves are open to private investment.

With $55 billion spent in 2012, Alberta’s oil sands region is one of the largest economic development opportunities in the world, which is why the capstone of the session was 60 one-on-one meetings between the Canadian energy companies and Northeast Ohio companies seeking to develop supplier relationships with them.

Recognizing the vast potential for improving the economic vitality of our region with these opportunities, the event was co-sponsored by the Canton Regional Chamber of Commerce, Greater Akron Chamber of Commerce, ITAC at Cleveland State University, MAGNET, Northeast Ohio Trade & Economic Consortium, Ohio Development Services Agency, Stark Development Board, Team Lorain County, Team NEO, U.S. Commercial Service, and the Youngstown/Warren Regional Chamber.

Providing opportunities for Northeast Ohio businesses to expand sales to the Alberta oil sands region is another way that GCP provides value to its members. For more information about this event, please call Vince Adamus, GCP’s vice president, real estate and business development, at 216.592.2258.

MAGNET report documents manufacturing’s critical role
in regional economy

A new report, "2013 Manufacturing Brief," released last week by MAGNET (Manufacturing Advocacy & Growth Network), details the critical role manufacturing continues to play in Northeast Ohio’s economy.

Among the report’s findings: Manufacturing contributed $35.5B to the regional economy in 2012, and the average annual wage for manufacturing was $58,168, far surpassing the average regional wage of $44,367.

Produced by the Center for Economic Development at the Maxine Goodman Levin College of Urban Affairs of Cleveland State University, the report also notes that between 2010 and 2012, Northeast Ohio manufacturing employment grew by 8.2 percent, more than doubling the national manufacturing growth rate of 3.7 percent and outpacing the 5.1 percent manufacturing growth in the rest of Ohio.

Northeast Ohio manufacturers added 20,059 jobs from 2010 through 2012, which is four out of every 10 new jobs (42.1 percent) created in the region.

Click here to read the press release.

Click here to view or download the report.

Pass the Plus: Good news about Northeast Ohio

 

Keep up with the positive news about the Cleveland Plus region and its economy in the “Pass the Plus” e-newsletter. This month’s issue profiles Northeast Ohio’s position as a preeminent center for the biomedical and healthcare industries.

You also can help shape future content in “Pass the Plus” by participating in a reader survey to help ensure that the information is relevant to your needs. By providing your feedback, you will be entered into a drawing for the chance to win one of two $100 Visa gift cards.

Read the “Pass the Plus” February 2014 issue.

Participate in the survey.

Subscribe to “Pass the Plus.”