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.

Share
  • Email
  • Compass Payroll

    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.

    Pre-Check

    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.

    Grasshopper
    Next up: Capital Advisors, Ltd. Named to 2017 Financial Times 300 Top Registered Investment Advisers
  • More in Member News
  • 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.

    Share
  • Email
  • Compass Payroll

    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.

    Pre-Check

    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.

    Grasshopper
    Next up: Cast your vote for the GCP Board of Directors
  • More in Member News
  • 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.

    Share
  • Email
  • Compass Payroll
    Next up: Celebrating Women in Business: Presented by KeyBank
  • More in Member News
  • Celebrating Women in Business: Presented by KeyBank

    October is National Women in Small Business Month and we’ve made great strides in the United States to reach gender parity in business ownership. Today, there are more than 11 million women-owned businesses to celebrate and women now represent more than half of the U.S. workforce.

    Share
  • Email
  • Compass Payroll

    But we’re by no means finished. Representations of women business owners in society still don’t reflect the makeup of business ownership in the United States. When conducting a search on Google for “real life bosses,” for example, fewer than five images of women appear in the top 50 results, even though women occupy half of leadership roles.

    Now more than ever, it’s time to shift the narrative about real life bosses and celebrate contributions from women in leadership positions.

    Pre-Check

    Let Biases Be Bygones

    When starting a small business, entrepreneurs invest significantly to turn their vision into a reality. From ideation to execution, aspiring business owners strive to identify and showcase what makes their business unique to stand out among the competition. This is especially true when seeking investors.

    According to recent data from KeyBank, most business owners—men and women—are confident in the financial health of their business (64 percent). But when looking for outside capital investment, studies show that investors ask men and women different questions when discussing funding opportunities in relation to their business objections. Typically, men are asked ‘promotion’ oriented questions (e.g., hopes and dreams) and women are asked ‘prevention’ oriented questions (e.g., responsibility and carefulness), which presumes women must focus on potential downside while men can put their energy toward gains and growth.

    In some cases, there are guardrails in place to mitigate financial inequality among female business-owners. For example, the U.S. government has created the Women-Owned Small Business Federal Contracting program to award at least five percent of all federal contracting dollars to women-owned small businesses each year.

    We can do better. Women in leadership positions and those who champion them must combat common misperceptions and subtle (or not-so-subtle) biases about women in business through inclusive language, counter-stereotyping and mentorship. For the millions of female-owned and operated businesses today, they are a leading example of how to achieve inspiring careers. Together, business leaders can use their collective voice to advocate on behalf of all women in business.

    There’s No “I” in Team

    According to a recent KeyBank survey, 65% of female business owners have experienced gender-based barriers-to-success and almost half believe the media portrayal of women in business is one of the leading barriers. What’s more, business loan approval rates for women are 15 to 20 percent lower than they are for men, while men receive 16 times more venture capital funding than companies run by women. Whether conscious or not, it’s no surprise that under these circumstances, female entrepreneurs may be more risk-averse or more likely to experience imposter syndrome than their male counterparts, perpetuating a slower growth cycle in their business.

    Still, no truly successful entrepreneur operates in a silo. Women absolutely can capture funding opportunities that lead to high growth companies, but it is critical for female entrepreneurs to seek out mentors, overcome self-doubt and embrace leadership opportunities, especially in industries like technology, banking and manufacturing where women are underrepresented.

    #RealLifeBosses Want Advocacy, Connections & Empowerment

    Whether combatting external factors or looking inwardly, women entrepreneurs and supporters are leading the charge to move our business world in the direction of gender parity. And arguably the richest resource to advance women business owners is an activated professional and personal network—not just for support and guidance, but also for loans and investments. 

    Since 2005, Key4Women® has been helping women leaders and entrepreneurs through advocacy, connections and empowerment to help their careers and businesses grow. The program seeks to connect even more women to other like-minded entrepreneurs both in Cleveland and across the nation. By scaling the Key4Women® program and creating platforms for women in various cities to connect, we are broadening the conversation and sharing more female perspectives to shift perceptions and representations of women in business.

    To continue opening doors and breaking glass ceilings, whether a manager, executive or business owner, this Women in Small Business Month, we invite you to join KeyBank in celebrating the many faces of #RealLifeBosses. Throughout October, share a photo of women in leadership positions who have influenced your career using #RealLifeBosses on social media and, together, we’ll show the world what #RealLifeBosses look like.


    Grasshopper
    Next up: Chairman's Forum Recap: 9 Critical Issues Facing Northeast Ohio Businesses
  • More in Member News
  • Chairman's Forum Recap: 9 Critical Issues Facing Northeast Ohio Businesses

    A standing-room-only crowd gathered at the GCP offices on Thursday for the latest edition of the GCP Chairman’s Forum, which featured GCP Chairman Scott Chaikin and GCP CEO Joe Roman discussing the biggest issues impacting businesses today.

    Share
  • Email
  • Compass Payroll

    Chaikin, executive chairman of Cleveland integrated communications firm Dix & Eaton, and Roman touched on nine hot-button issues facing Northeast Ohio companies today, including:

    Business expansion

    Pre-Check

    Roman said the lion’s share of business expansion activities—some 80%—stem from businesses that are already located in Northeast Ohio. With that in mind, the GCP has doubled down on its efforts to reach out to companies in the region to help these organizations with their expansion efforts.

    As called for in the Forward CLE strategic plan, the GCP has set a goal of reaching out to 1,000 companies per year and work with them directly on business expansion opportunities. The companies selected will be those viewed as being most ripe for business growth.

    Roman noted that the GCP’s Cleveland Development Advisors affiliate is also instrumental to this business expansion work. Its real estate fund, through investments made in downtown and neighborhood projects and organizations, has had a catalytic effect on attracting further expansion opportunities in Northeast Ohio.

    Connecting workforce to companies

    Another workforce issue heavily impacting companies today is the challenge employers are having with sourcing skilled employees to fill jobs. Chaikin noted that Northeast Ohio’s workforce system is robust with much invested in it; however, what’s missing is a consolidated voice for the employer.

    The creation of the Workforce Connect program, which brings together several organizations from across the region, aims to address this gap by aggregating together in one place Northeast Ohio’s network of workforce resources. While several industries will be targeted by Workforce Connect, the region’s manufacturing sector has been tabbed as the first industry to be addressed by Workforce Connect.

    Workforce mobility

    Getting employees to their employers is another challenge for the area’s employment system. There is a disconnect between where the jobs are and where the people are. Cleveland’s transit system does an excellent job of getting people downtown, but more could be done to connect a commuter who lives in Cleveland but works in Solon more efficiently to their place of employment. This is another area that the GCP will be studying and looking at additional effective solutions for Cleveland’s mass transit system. This effort will include connecting private sector leadership to Cleveland’s RTA system to better understand the challenges inherent in a public mass transit network. That work will get underway in the next month and if you’d like to be a part of it, please feel free to reach out to the GCP.

    Innovation economy

    In addition to delivering workforce to companies, an effort is also underway to deliver innovation to Northeast Ohio’s economy. Still in its early stages, a consortium of groups are working together to build a stronger, accelerated innovation economy.

    The questions being asked during this early stage include: What assets do we, as a regional economy, have at our disposal? What are the gaps? What are other economies across the country doing and what best practices can we learn from them? What should a go-forward innovation strategy look like in Northeast Ohio? The goal is to gather input from a broad swath of firms, including smaller innovators, disruptors and large companies.

    From Cleveland to Blockland

    Cleveland’s involvement in the Blockchain industry has been well publicized. As part of this ongoing effort, Cleveland has helped underwrite a $150,000 membership in Toronto’s Blockchain Institute. This investment allows all  Cleveland companies with revenues of less than $1 billion to have free access to all of the research held at the Blockchain Institute. Contact the GCP if you’re interested in learning more about how to gain access to this research.

    Diversity and inclusion

    A study has found that increasing the amount of diversity and inclusion could add an additional $6 million to $12 million annually to Northeast Ohio’s economy. A goal of the Forward CLE plan is to identify how to realize these gains. While the calls being made on local companies to assist with the previously mentioned expansion efforts aids this inclusion effort, and growth in areas such as supplier spend from a diverse arrangement of sources is growing steadily, more could be done to accelerate it.

    To that point, a reworked, inclusive, innovation strategy is underway to figure out ways for diversity to help grow the regional economy and figure out what form a new inclusion strategy might take.

    Public policy agenda

    To achieve the goals as set forth by the strategic plan, it’s critical for the GCP to be in sync with governmental partners. As such, the GCP is in the middle of engaging with member companies to ascertain which public policy initiatives are most important to them. One example of this has to do with Ohio’s Third Frontier program, which is nearing the end of its funding cycle. The work coming out of the GCP’s previously stated work on innovation could help shape a new, ongoing Third Frontier program.

    The public policy agenda will be published at the beginning of 2019 and companies that would like to suggest input are encouraged to reach out to the GCP Advocacy Team.

    Tax study

    Another of the studies being undertaken is related to looking at how Cuyahoga County compares, on a tax basis, to other communities. The goal is to ensure businesses in the area remain competitive. Roman added this does not mean the business community is opposed to future taxes, but rather to learn more about what these taxes might mean to the business community and how it might impact economic growth.

    Air service

    A quality air service foundation is one of the critical factors involved in building a region’s economic foundation. For Cleveland, the good news is that air service levels are back to the same levels seen when United Airlines had a hub in Cleveland, Roman said. Further, the flights to Iceland that have been added have demonstrated to other airlines that the Cleveland-to-Europe market is strong. An ongoing concern, however, is the customs process at the airport. An effort is underway to look at this process and uncover solutions to make it more efficient.

    The GCP Chairman’s Forum is just one of the many events hosted by the GCP that connects the business community to resources and educational opportunities. Click here to learn about upcoming events that could benefit your business.


    Grasshopper
    Next up: City Club Fridays @ the Library
  • More in Member News
  • 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. 

    Share
  • Email
  • Compass Payroll

    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.

    Pre-Check

    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.


    Grasshopper
  • More in Member News