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Every Monday -- News from GCP

Unemployment tax relief on the horizon for employers

Several years ago, Ohio’s unemployment rate increased and the state’s unemployment fund was ill-prepared to cover the costs. The federal government subsequently provided Ohio with a loan to continue paying jobless benefits.

With the exception of interest, employers were, and still are, solely responsible for paying the balance of the debt incurred. If no action is taken, employers’ unemployment tax bills will continue to incrementally rise through 2017 until the debt is paid.

The Greater Cleveland Partnership/COSE has been working methodically with its members, policymakers, and partners towards a solution to this important issue. And, an encouraging proposal is expected to be introduced and passed in the state legislature this week that would pay Ohio’s debt to the federal government. Read more.

Every Monday -- News from GCP

Growth strategies and insights for middle-market leaders

Expert insights on three top-of-mind topics for middle-market executives were shared at the 2016 Greater Cleveland Middle-Market Forum held May 12th at Corporate College East.

Following a welcome from GCP Board member Bernie Moreno (above photo), president of Bernie Moreno Companies and chair of the GCP Middle-Market Committee, the program featured presentations and conversations about growth trends and concerns in the middle market; cybersecurity/risk; export readiness; and attracting top management talent. Read more.

For more event highlights, check out the @GCPartnership Twitter stream (hashtag #GCMMF) and/or download the forum app to your smart phone to access the agenda and speakers’ information.

Every Monday -- News from GCP

GCP members named as finalists for EY Entrepreneur
of the Year award

Congratulations to these Greater Cleveland Partnership Investor members named by EY as finalists for the EY Entrepreneur of the Year 2016 Award in the Northeast Ohio region (above photo left to right):Terry Davis, president and CEO, Our Lady of the Wayside; Dr. Albert Green, CEO, Kent Displays, Inc.; James Keene, owner, Keene Building Products; and James Tu, executive chairman and CEO, Energy Focus, Inc.

These business leaders were selected by a panel of independent judges. Award winners will be announced at a gala June 9 at the Huntington Convention Center of Cleveland.

Every Monday -- News from GCP

Preserving tax credits will help spur investment in catalytic projects

Greater Cleveland Partnership's President and CEO Joe Roman recently provided testimony before the Ohio 2020 Tax Policy Study Commission on the importance of essential development tools like the Ohio Historic Preservation Tax Credit and New Market Tax Credit.

Both tax credits have been instrumental in much of the revitalization of Cleveland's urban core. Click to read the testimony.

Above image:
Rendering of a new St. Martin de Porres High School. Ohio New Market Tax Credits, provided by Cleveland Development Advisors, the GCP’s real estate and business development finance affiliate, are helping support the capital campaign to construct a new school building. The $17.9 million first phase will construct a 43,100 square-foot wing of the building.