Stay Informed on News and Policy

May

Commission announces 2016 Best-in-Class winners

The Commission on Economic Inclusion, a program of Greater Cleveland Partnership, will recognize eight organizations for their diversity and inclusion efforts at the GCP Annual Meeting on Thursday, June 7 from 4:30 to 7:30 p.m. at the Hilton Cleveland Downtown Hotel.

The Best-in-Class Award winners are selected based on the results of the Commission’s annual Diversity and Inclusion Organization Assessment. Click to find out who won.

GCP Annual Report available online

The 2016 Greater Cleveland Partnership Annual Report is now available online.

It provides an overview of our work in advocacy, business development, education and workforce development, physical development, economic inclusion and more to advance the Northeast Ohio business community’s agenda.

It also includes a summary of accomplishments from our partner organizations BioEnterprise, JumpStart, MAGNET and Cleveland Plus/Team NEO.

Click to view or download.

Joe Roman on WTAM

Topics in this month’s conversation with “Wills and Snyder” co-host Bill Wills, GCP President and CEO Joe Roman include the GCP’s work to transform Cleveland neighborhoods.

This includes securing involvement of U.S. Senators Brown and Portman to help champion efforts to extend the New Markets Tax Credits program.

The credits are used by Cleveland Development Advisors, a GCP affiliate, to invest in catalytic neighborhood projects in the city. Click to listen.

We need your vote!

A designated representative of a member company of the Greater Cleveland Partnership or COSE is entitled to vote in the 2017 election of the GCP Board of Directors.

By checking the appropriate box on the ballot, you may either submit proxy instructions to vote for the entire slate of nominated candidates or submit proxy instructions to vote for individual names. Read more.

Click to download the ballot.

CDA investment helps second phase of Innova project move forward


The Finch Group has closed on financing for the second phase of the Innova project on Chester Avenue in the Hough neighborhood.

Cleveland Development Advisors (CDA), an affiliate of the Greater Cleveland Partnership, provided a $1.5 million loan from its Advance Cleveland Development Fund.

The $26 million investment will add 70 apartment units and 7,700 square feet of retail. The initial phase, 177 apartment units and 23,000 square feet of retail was completed in 2015. CDA provided $3 million of financing for the first phase. Read more.

Reshaping big-box retail creates a multimillion-dollar company

When a company grows from initially operating out of one of its founder’s garage to being named by Forbes magazine as one of the next “billion-dollar startups,” there has to be an intriguing back story.

That company is Boxed, and co-founder and CEO Chieh Huang shared some of that story with the more than 125 attendees at the 2017 Greater Cleveland Middle-Market Forum held May 11 at Corporate College East. Read more.

CDA invests New Markets Tax Credits in Charter Steel expansion

Charter Steel has closed on financing for its $153 million expansion project in Cuyahoga Heights. Cleveland Development Advisors (CDA), an affiliate of the Greater Cleveland Partnership, provided $10 million of New Markets Tax Credit allocation.

Charter Steel, a division of Charter Manufacturing, is a leading American supplier and manufacturer of carbon and alloy steel bar, rod and wire products. The project will expand its wire rod production facility, helping the company to stay competitive in the U.S. steel industry. Read more.

U.S. middle market carries strong momentum into 2017; Ohio predicting strong revenue growth

The U.S. middle market closed 2016 on a high note and has carried that momentum into 2017, with all indicators pointing to an increasingly robust performance.

Actual and projected revenue and employment growth rates continue to rise significantly, and economic confidence is keeping pace, according to the National Center for the Middle Market's 1Q 2017 Middle-Market Indicator (MMI) survey.

Meanwhile, Ohio’s middle-market companies are expecting their revenue to grow over the next 12 months at a higher level than their counterparts across the U.S. (9.5 percent compared to 8.8 percent). Read more.