Stay Informed on News and Policy
Employers welcome delay of Department of Labor overtime rule
On November 22, a federal judge in Texas issued a preliminary injunction against the Department of Labor’s (DOL) overtime rule that was set to go into effect December 1. It would have doubled the current threshold under which employees must be paid overtime.
This means the implementation deadline will not be enforced and employers do not need to comply by December 1.
Read more in our blog.
CDA receives $60 million federal award to spur economic growth in Cleveland by attracting private investment
The positive momentum in Cleveland is expected to continue as the region received a $60 million federal tax incentive that will help drive new projects in the city estimated to be valued at hundreds of millions of dollars.
The award of federal New Market Tax Credits to Cleveland Development Advisors (CDA)—an affiliate of the Greater Cleveland Partnership (GCP)—is an invaluable leveraging tool in advancing the city’s revitalization.
The tax credits are used to attract private investment needed to complete catalytic projects that create positive economic impacts in low-income communities, including workforce development, quality employment and neighborhood revitalization. CDA had been awarded a total of $215 million since the program’s inception. Read more.
Find summer interns at no cost to your company
The Greater Cleveland Partnership’s Internship Central
program is collaborating with Cuyahoga Community College to offer GCP members the opportunity to participate as an internship host employer for Tri-C’s Summer Internship Program.
Students will be compensated by the college at $10 per hour. They also will receive financial support for one course during the Summer Term (up to 4 credits) and one book (up to $125). In addition, Tri-C will manage the HR functions of the internship. Learn more.
The Rooney Rule and diversity strategies from the NFL
The Commission on Economic Inclusion, a program of Greater Cleveland Partnership, held its second annual Leadership Forum today at The Union Club.
More than 125 attendees, which included CEOs and members of their senior staff, heard from Robert Gulliver, the National Football League’s chief human resources officer (photo right), about the league’s diversity and inclusion efforts including the Rooney Rule, which requires at least one minority candidate to be interviewed for open NFL head coaching and senior football operations positions.
Gulliver also engaged in a conversation with Commission Co-chair and GCP Board member Paul Clark, regional president, PNC Bank Northern Ohio (photo left), which included a discussion of how the Rooney Rule can be implemented in corporate America. Read more.