VOL. 39, NO. 47
NOVEMBER 19 - 25, 2018
Source Lunch
Sports business
Patricia Oliver, partner, Tucker Ellis LLP Page 35
CLEVELAND BUSINESS
Spire Institute’s fortunes could bounce right with LaMelo Ball. Page 2
FORTY UNDER
40
What makes this year’s chosen under-40s stand out from the crowd is not just their contributions to Northeast Ohio, but their dedication to its future. Through their careers and their work in the community, this year’s honorees reach all sectors of our region, and we expect their influence will only grow with time. Keep your eye on these folks. Many of them are just getting rolling. Pages 12-31 Portraits by Jason Miller for Crain’s
GOVERNMENT
SAY YES CITY | A CRAIN’S SERIES
Five biz-friendly bills languishing in state By JAY MILLER jmiller@crain.com @millerjh
A group of higher-profile social and justice issues — including abortion and gun rights — are getting all of the attention as the Republican-controlled Ohio General Assembly rushes to wrap up its 132nd session. But the fate of a group of five economic development bills that could significantly boost the financial incentives available for business expansion in the state are still waiting to be passed or expire before adjournment on Dec. 19. Because of the election of a Republican, Mike DeWine, to replace Gov. John Kasich, the Legislature
may not feel pressed to pass this batch of business-friendly legislation before Kasich leaves office. Furthest along are two bills that would greatly expand state financial incentives for the largest of projects. Both were heard at a hearing last Tuesday, Nov. 13, before the Senate Ways and Means Committee. HB 469 would offer insurance companies, major long-term investors in real estate, a new credit against their state taxes of as much as 10% of the development cost for investments in what the legislation calls “transformational mixed-use developments,” or TMUDs — likely a downtown combination of office space, residential units, a hotel, retailing, structured parking or a recreational use. SEE BILLS, PAGE 32
Entire contents © 2018 by Crain Communications Inc.
Growing local talent a moral and economic imperative
Shana Marbury, GCP general counsel: “So we’re really looking at Say Yes as a way to ensure that our local students can access college and other postsecondary training and credentials they need.” (Portrait by Ken Blaze for Crain’s)
By RACHEL ABBEY McCAFFERTY rmccafferty@crain.com @ramccafferty
Finding skilled talent may be the biggest challenge facing Cleveland’s business community today, and the Greater Cleveland Partnership knows Say Yes to Education could have an “enormous impact” on
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building the talent pipeline, said Shana Marbury, general counsel and senior vice president for education and workforce. “So we’re really looking at Say Yes as a way to ensure that our local students can access college and other postsecondary training and credentials they need for jobs that are available with our companies today,” Marbury said. Cleveland is in the midst of trying to
become a Say Yes to Education chapter. Say Yes to Education got its start in Philadelphia about 30 years ago, providing scholarship funding and support services to students. Since then, the organization has expanded to more communities, but its core of supporting students and enabling them to seek postsecondary education has remained consistent. SEE SAY YES, PAGE 6
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