Can You Help the Next Generation of Our Region’s Entrepreneurs?

COSE is working with the Young Entrepreneur Institute to help our youth become more aware and inspired by entrepreneurship.

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    A little of your time as a mentor and/or a small amount of financial support can help change the perspective and future of these young people. In this spirit, COSE is launching a “Support Youth Entrepreneurship” online fundraising campaign to support Young Entrepreneur Institute.

    Founded in 2006, Young Entrepreneur Institute (YEI) is a local non-profit organization that provides experiential entrepreneurship education to over 7,000 K-12 students annually through collaboration with schools and organizations in Northeast Ohio. YEI’s mission is that “Every student should understand and experience entrepreneurship.” Removing barriers to participation and promoting inclusivity in under-resourced schools is critical to this mission. Entrepreneurship education teaches important skills like financial literacy, public speaking and perseverance—skills important to be successful in life.

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    As business owners, we have much to teach and share with these young students. Our “Support Youth Entrepreneurship” campaign will run through March 31, 2018. For every $50 you donate as a COSE member, you will have a chance to win a product created by a local student entrepreneur. Products include jewelry, apparel, candles, soap, baked goods and more!

    Please click here to learn more about this initiative and how you can get involved today.

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    Next up: Capital Advisors, Ltd. Named to 2017 Financial Times 300 Top Registered Investment Advisers
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  • Capital Advisors, Ltd. Named to 2017 Financial Times 300 Top Registered Investment Advisers

    Capital Advisors, Ltd.h of Shaker Heights, is pleased to announce it has been named to the 2017 edition of the Financial Times 300 Top Registered Investment Advisers. The list recognizes top independent RIA firms from across the U.S.  Neil Waxman and Mark Ciulla are Managing Directors of Capital Advisers.

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    This is the fourth annual FT 300 list, produced independently by the Financial Times in collaboration with Ignites Research, a subsidiary of the FT that provides business intelligence on the investment management industry.

    RIA firms applied for consideration, having met a minimum set of criteria. Applicants were then graded on six factors: assets under management (AUM); AUM growth rate; years in existence; advanced industry credentials of the firm’s advisers; online accessibility; and compliance records. There are no fees or other considerations required of RIAs that apply for the FT 300.

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    The final FT 300 represents an impressive cohort of elite RIA firms, as the “average” practice in this year’s list has been in existence for 24 years and manages $2.7 billion in assets. The FT 300 Top RIAs hail from 37 states and Washington, D.C.

    The Financial Times 300 Top Registered Investment Advisers is an independent listing produced annually by the Financial Times (June 2017). The FT 300 is based on data gathered from RIA firms, regulatory disclosures, and the FT’s research. The listing reflected each practice’s performance in six primary areas: assets under management, asset growth, compliance record, years in existence, credentials and online accessibility. This award does not evaluate the quality of services provided to clients and is not indicative of the practice’s future performance. Neither the RIA firms nor their employees pay a fee to The Financial Times in exchange for inclusion in the FT 300.

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    Next up: Cast your vote for the GCP Board of Directors
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  • Cast your vote for the GCP Board of Directors

    As the designated representative of a member company of the Greater Cleveland Partnership (GCP) or the Council of Smaller Enterprises (COSE), you are entitled to vote in the election of the GCP Board of Directors. All nominations are due by August 15, 2016.

    As the designated representative of a member company of the Greater Cleveland Partnership (GCP) or the Council of Smaller Enterprises (COSE), you are entitled to vote in the election of the GCP Board of Directors. All nominations are due by August 15, 2016.

    Download the ballot here.

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    Next up: City Club Fridays @ the Library
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  • City Club Fridays @ the Library

    The City Club of Cleveland Friday Forum Series is a vibrant, dynamic and diverse forum for citizens and thought leaders to discuss issues and ideas that shape our region, nation, and the world.  Watch a live stream of the City Club of Cleveland Friday Forums on the big screen in the Parma-Snow Branch Auditorium. You do not have to be a City Club member to participate and submit questions LIVE to the forum via Twitter. City Club Fridays @ the Library are free and open to the public. Registration is not required.

    The City Club of Cleveland Friday Forum Series is a vibrant, dynamic and diverse forum for citizens and thought leaders to discuss issues and ideas that shape our region, nation, and the world. 

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    Watch a live stream of the City Club of Cleveland Friday Forums on the big screen in the Parma-Snow Branch Auditorium. You do not have to be a City Club member to participate and submit questions LIVE to the forum via Twitter.

    City Club Fridays @ the Library are free and open to the public. Registration is not required.

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    Friday, February 19 at 12:30 p.m.

    21ST CENTURY OHIO STATE: RE-ENVISIONING OUR LAND-GRANT MISSION

    Michael V. Drake, M.D., the 15th president of The Ohio State University, shares his vision for one of the world’s most dynamic public research universities, including a commitment to affordable excellence, community engagement, and diversity and inclusion.

    Since assuming the reins in July 2014, President Drake has overseen a record year in student applications, fundraising and graduation rates; hired a new leader for the university’s renowned medical center; celebrated five national championships; and launched a $400 million initiative to lower student costs while increasing excellence.

    Click here to for more details.

    Friday, February 26 at 12:30 p.m.

    LESSONS FROM TULSA, OK: PRESCHOOL AS A STEP TOWARDS LIFE-LONG SUCCESS

    High-quality preschool gained momentum during the last decade as one of the most important education reforms to bolster school outcomes and life-long success. Breakthrough research from communities across the county have spurred investments at the federal and local level, including PRE4CLE, Cleveland’s plan to ensure that every Cleveland child can attend a high-quality preschool. 

    Deborah A. Phillips, Ph.D., Professor of Psychology at Georgetown University, is part of a research team that has followed the impact of universal Pre-K in Tulsa, Oklahoma since 2001. One of the first communities to offer universal preschool, the Tulsa research offers an in-depth look preschool’s impact not only on test scores, but also on other important factors for success such as retention rates and attitudes towards school. Dr. Phillips will also address how the Tulsa findings fit into a national body of research on the impact of high-quality preschool and science of early brain development.

    Dr. Phillips will also be joined by Katie Kelly, Executive Director of PRE4CLE, for a panel discussion about how these findings are shaping local preschool policy in Cleveland.

    Click here to for more details.

    Friday, March 04 at 12:30 p.m.

    AMBASSADOR RIYAD H. MANSOUR, PH.D.

    Permanent Observer of Palestine to the United Nations United States (U.S.) policy has long been to veto any United Nations (U.N.) Security Council resolution calling for the establishment of a Palestinian state. This position was most recently upheld in September, 2015 when France made their impassioned plea for the State of Palestine. Despite the fact that U.S. officials actually traveled to France to help draft the proposed new U.N. resolution, they ultimately vetoed the establishment of an independent Palestinian state. However, a resolution was passed to raise the Palestinian flag over the U.N. Rose Garden, a move that was criticized by Israel and the U.S.

    Join us for a conversation with Ambassador Riyad H. Mansour, Ph.D., Permanent Observer of Palestine to the U.N., on the status of current negotiations between Palestine and Israel, as well as the status of efforts of Palestine at the U.N. regarding admission as a Member State

    Click here for more details.

    Friday, March 11 at 12:30 p.m.

    HIGH SCHOOL DEBATE CHAMPIONSHIP

    A DEBATE: For more than two decades, The City Club of Cleveland has hosted the annual High School Debate Championship. While most high school students are watching basketball finals and preparing for spring break, these enterprising students prepare for the High School Debate Championship, as well as for state and national competitions. The City Club gives them the opportunity to show-off their skills. Every year, the top two area high school debaters square off in a classic "Lincoln-Douglas" style debate at a Friday Forum. This gives the debaters the opportunity to compete - not only for the judges and the audience in the room - but also for our radio and television audiences. Debate teams from across Northeast Ohio are invited to attend as guests of the City Club and BakerHostetler. 

    The High School Debate Championship is sponsored by BakerHostetler in memory of Patrick J. Jordan. Mr. Jordan was a partner of the firm and an outstanding debater in high school. 

    Click here for more details.

    Friday, March 18 at 12:30 p.m.

    NO LABELS THEORY OF THE CASE--TO MAKE AMERICA WORK!

    Until the 1980s, Americans generally expressed a neural view of the opposing political party. This has changed dramatically as the country has moved toward hyper-partisanship. A 2014 Stanford University study found that politics - not race - is becoming the deepest divide in America. And, it can be argued that our political leaders are the ones responsible for this shift, often directing hostility to the opposing party and refusing to work collaboratively across party lines to solve problems.

    Join us for a conversation with Nancy Jacobson, Founder and CEO of No Labels, on how the organization is working to encourage and facilitate collaboration among political leaders of all parties to solve the nation's most pressing problems.

    Click here for more details.

    Friday, March 25 at 12:30 p.m.

    AT THE HEART OF CLEVELAND’S WEST SIDE

    Cleveland's public hospital system is in the process of transforming its main campus. The MetroHealth System will spend hundreds of millions of dollars on improvements to its 52-acre campus and continue working with community partners to improve the entire West 25th Street Corridor. And when hospital leaders talk about the project, they typically go beyond bricks and mortar, and even beyond economic development. They talk about a healthier community, lower infant mortality rates, improved outcomes for citizens, along with jobs and a better looking neighborhood. What will it take to revive and revitalize a community? Who are the players? What role do corporations and anchor institutions play? And how do you pursue relationships that catalyze all facets of the project?

    Join us for a conversation with Akram Boutros, M.D., President and CEO of The MetroHealth System, and Councilman Joe Cimperman on current efforts underway to revitalize Cleveland's west side.

    Click here to for more details.


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    Next up: Clearing up Cloud Confusion: Presented by Affordable-IT
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  • Clearing up Cloud Confusion: Presented by Affordable-IT

    It seems people are a little bit cloud confused these days. Vic Manfredi, President of Affordable-IT, says the first question his company is asked from potential new SMB customers is, “What is the cloud?” Many view cloud computing as something best suited for personal storage needs, such as iCloud, and are not really clear on how it can help them in business. Cloud computing does in fact make a lot of sense for small businesses.

    It seems people are a little bit cloud confused these days.

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    Vic Manfredi, President of Affordable-IT, says the first question his company is asked from potential new SMB customers is, “What is the cloud?” Many view cloud computing as something best suited for personal storage needs, such as iCloud, and are not really clear on how it can help them in business. Cloud computing does in fact make a lot of sense for small businesses.

    “Basically, you’re taking the functionality of your internal computer systems and accessing them over the internet,” Manfredi says.

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    Making the move to cloud computing brings with it several benefits for small business, Manfredi says. Perhaps the most important of these benefits is the ability to transform SMBs current IT functions into a business tool, rather than just a painful business expense.

    “A business owner and their employees can get back to the business of running their business and leave the IT-based issues to be handled by a quality cloud services provider like AIT,” he says.

    The cloud is also a place where people believe that they are “backed up,” but most don’t realize that simply copying your My Documents to “the cloud” is not going to necessarily save you. There will still be a good amount of time and effort spent to rebuild the operating systems on your PC and reconstruct all the things that make your business unique. The exact cost of your downtime depends on company size: on average, small companies can lose approximately $8,581 per hour, medium companies $215,638 per hour, and large enterprises as much as $686,250 for every hour of downtime.  (Downtime and Data Loss: How Much Can You Afford? Aberdeen Group, 2013)

    “In order to provide our customers with the best disaster recovery and business continuity, we have partnered with industry leader, Datto.  Datto’s technology provides real-time backup and fast recovery of data and systems in order to get the business back up and running,” said Manfredi.

    He also identified seven key benefits of cloud-based computing:

    • Fixed IT Costs: Because it’s subscription-based, businesses know exactly what to budget for IT services.
    • Maintenance: With the systems housed offsite, businesses don’t need to be concerned about maintenance, replacement or repair of the hardware.
    • Compliance: Along the same lines as maintenance, the business never has to worry about required certifications or compliance from government or industry regulations. AIT’s enterprise is HIPAA and SSAE 16 SOC compliant.
    • Remote Work: Cloud services have helped many of today's SMBs redefine the traditional office. Of course, remote work was possible in the days before the cloud went mainstream and AIT has been providing this service for years, but SaaS (Software as a Service) tools have pushed the trend forward and eased some of the complications and slashed the costs that might have arisen in the past. For instance, by delivering business-critical software via the Web rather than having to install it on every user's hard drive, companies can enable staff members to work from their home offices without necessarily having to provide them company-issued hardware. This cuts out a major expense associated with remote work, meaning that businesses can more easily and cost-effectively implement a remote work policy on a larger scale.
    • Backup/disaster recovery:  Some 96% of all business workstations are not backed up, according to the Contingency Planning and Strategic Research Corporation. And nearly three in five downtime incidents are caused by human error alone, according to the Independent Oracle User Group. A cloud based business continuity system can help a business owner recover in minutes or hours, not days or weeks, should disaster or just human error strike.
    • Peace of mind: With a cloud-based IT support system in place, SMBs can rest easier knowing their data and IT systems are well monitored and supported. Within a year of data loss, 70% of those small businesses do go out of business. 

    Considering what’s at stake, Manfredi says the Affordable-IT’s staff is hard at work changing the misconceptions small businesses have about cloud computing.

    “This is an educational pursuit,” he says.

    Representatives of Affordable-IT want to answer all of your cloud computing questions. Contact them at 877-893-0650. Also, follow Affordable-IT on Facebook, Twitter and Instagram.

    Learn more about the ins and outs of cloud computing and how it can benefit your business by reading our Q-and-A with Brad Nellis of Expedient.


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    Next up: Cleveland Chain Reaction Delivers $1-Million Small Business Investment to Slavic Village
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  • Cleveland Chain Reaction Delivers $1-Million Small Business Investment to Slavic Village

    The Cleveland Chain Reaction partners announce the results of the 2017 season, which followed the nationwide LeBron James/CNBC Cleveland Hustles show.

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    The project, a partnership including COSE, Cleveland Neighborhood Progress and GlazenUrban was initiated in March 2017. Like Cleveland Hustles and its network brethren, Shark Tank, Cleveland Chain Reaction brought five investors (sharks) together in Slavic Village, the winner of this year's neighborhood competition.

    More than 100 small businesses competed for the chance to be funded by the project’s investors, and as of today, six have received their funding and are on the path toward opening their Slavic Village locations. The businesses (and their investors) are described in more detail below.

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    Sides 2 Go BBQ

    Sides 2 Go BBQ has been operating for three years and developed a barbecue retail and commissary concept that was ready for expansion. Two investors, Andrew Jackson and Fred Geis, teamed up to work with Claude Booker, Sides2Go founder. The company has recently finalized and funded their deal and is in the process of adding locations at Cleveland Hopkins Airport and in Slavic Village. Their Slavic Village location will house a retail location and will serve as a depot for their mobile units.

    Holmes Mouthwatering Applesauce and Baby Munch

    The Cleveland Foundation focused on two entrepreneurs in this process, Holmes Mouthwatering Applesauce and Baby Munch. Baby Munch produces and markets healthy baby food sold in single-serving pouches. Holmes is an applesauce producer and distributor that began business teaching inner city students to produce their product line, which is now sold in groceries throughout Ohio and beyond. Their Slavic Village locations will bring jobs, and retail presence to the Fleet Avenue area.

    Lina Wines and Metro Croissants

    Claudia Young and her investment team focused on two smaller, emerging businesses as well—Lina Wines and Metro Croissants. When they selected both businesses, the original plan was to co-locate the businesses and leverage a single build out for both companies. Their funding is in its final negotiation stages, and they have targeted Fleet Avenue in their site search.

    Midwest Basics

    Investor Justin Miller’s finalists for funding were Midwest Basics, a fashion design and manufacturing firm, and Revival Body Care, producer and distributor of a full-line of organic skin care treatments. In an 11th hour announcement, Miller finalized a deal with Revival, which is already in Slavic Village and now will be able to expand operations and increase jobs.  

    In addition, three other companies have announced plans to open operations in Slavic Village due to the exposure this neighborhood has received through the Chain Reaction project.

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