Stay Informed on News and Policy
U.S. mid-market companies extended their solid revenue and employment gains during the third quarter of 2013 and anticipate those trends will continue over the next 12 months, according to the National Center for the Middle Market’s 3Q 2013 Middle Market Indicator report released today.
Those gains, however, are predicted to come at a decelerating pace.
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.
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.”
With Congress and the Administration unable to reach a weekend agreement on the federal government shutdown and increasing the nation’s debt ceiling, expect to see continued brinksmanship in Washington, DC.
As the shutdown enters its third week, we are reminded that many federal agencies in Cleveland, including NASA Glenn Research Center, are feeling its impact.
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.
The action items provide the framework to carry out recommendations from a special report prepared for the Commission on Economic Inclusion in March 2012, a program of the Greater Cleveland Partnership (GCP). Read more.