3 Things to Know: Dealing With Downtime

Some small business owners are finding themselves with extra downtime while society continues to reduce the impact of the COVID-19 pandemic. Here are three things we think you should know about dealing with this downtime.

 

While the life of a small business owner is never dull, if your business hasn’t pivoted its products and services to be relevant in the time of COVID, you may be experiencing a bit of downtime. Here are three things we think you should consider when it comes to dealing with downtime.

First thing to know: It’s still a good time for networking. While in-person networking is (some may say thankfully) on hold right now, virtual networking is where it’s at. Learn how you can still build relationships even from the comfort of your home. Not only can you help grow your business, you can also keep personal connections going—which is pretty invaluable during times of isolation and distancing.

Second thing to know: Now you can catch up on housekeeping items. It’s a good time to get to those things you keep putting off so that when you are back to fully functioning, your to-do list—and your mind—is clearer.

Some examples include:

Third thing to know: There are a lot of online options to keep you busy. From wellness opportunities like yoga and meditation, to professional development opportunities like graphic design and public speaking—you can find almost any type of offering online these days. We are also here to help keep you informed and continuously growing both personally and professionally. Continue to check back on our GCP website and our COSE website for events such as webinars and conference calls during this pandemic. You can even go back and watch some of our previously-run COVID-related webinars.

Another option is to do some writing for us! We regularly feature articles from our members, and we would love to hear from you. Reach out to Marie Zickefoose at mzickefoose@gcpartnership.com if you would like more details on contributing to our Mind Your Business blog.

 
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  • Next up: Economic Development Finance Professional Certification Program Comes to Cleveland

    Economic Development Finance Professional Certification Program Comes to Cleveland

     

    The National Development Council’s (NDC) Economic Development Finance Professional (EDFP) Certification Program™ is underway in Cleveland through a generous sponsorship from Greater Cleveland Partnership (GCP) and Cleveland Development Advisors (CDA). 

    GCP and CDA provided 25 scholarships to local economic development professionals and negotiated enrollment in the EDFP program at a reduced rate for 10 additional students.

    Organizations across Northeast Ohio are represented in the first Cleveland cohort, including the Northeast Ohio Hispanic Center for Economic Development, Famicos Foundation, Asian Services In Action Inc., MidTown Cleveland, Lake County Ohio Port and Economic Development Authority, Cuyahoga County Department of Development, Detroit Shoreway Community Development Organization, Metro West Community Development, Federal Reserve Bank of Cleveland, Burten, Bell, Carr Development, Inc. and the cities of Beachwood, Brook Park, Cleveland, Cuyahoga Falls and Rocky River.

    The class of 46 wrapped up their first week of instruction, ED101 – Economic Development Finance, on Friday, September 20.

    “As community stakeholders work collectively to forge a path forward in Cleveland’s neighborhoods that supports prosperity and opportunity for all, we determined it was vital to offer our Community Development Corporations and other practitioners this valuable educational programming provided by The National Development Council,” said Cleveland Development Advisors president and GCP executive vice president Yvette M. Ittu.

    Designed to build development finance capacity, EDFP Certification is geared toward professionals who want to grow their knowledge and learn the skills needed to make successful deals and translate them into results for their communities. The robust coursework includes four, five-day sessions covering topics ranging from business credit analysis and real estate finance to appraisals, deal structuring and syndication.

    Since NDC’s establishment as a national nonprofit in 1969, they have trained more than 75,000 practitioners in what the organization calls “the art and science of economic and housing development finance.” Course instructors include community and economic development officials, bankers, developers, entrepreneurs and government agency leaders, all of whom bring real-world experience and acumen to the classes they teach.

    In-person EDFP courses are also currently available in Los Angeles, Minneapolis and Philadelphia and an online program is offered as well.

    Learn more about GCP’s work in economic development and find out more information about NDC’s Economic Development Finance Professional Certification Program™.

     

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  • Next up: Energy Subsidy Bill Passes

    Energy Subsidy Bill Passes


    GCP has continued to encourage policies that provide incentives for utilities to offer businesses opportunities that leverage energy efficiency programming. GCP members did not take a formal position on all provisions within controversial legislation, House Bill 6 (HB 6), that aims to keep Ohio’s two nuclear power plants running.  GCP recognizes it is important utilities are provided a level of elasticity needed to meet state mandated energy benchmarks, but we also have strongly encouraged the continuation of those benchmarks to spur growth and economic development.

    On Tuesday and by a vote of 51-38, the Ohio House concurred with an Ohio Senate substitute version of the bill. And, the Governor signed the bill just hours after lawmakers sent the final version to him. Click here for a recap of the bill and the proceedings to this point.

    GCP businesses weighed-in on this initiative throughout the year and advocacy staff worked with high-level state officials to reinforce or position. Click here to read more on GCP’s consistent, pragmatic statement on the issue from last year.

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  • Next up: Find Your 2020 Summer Intern

    Find Your 2020 Summer Intern

     

    The Greater Cleveland Partnership’s Internship Central program is again collaborating with Tri-C to offer GCP members the opportunity to participate as an internship host employer for Tri-C’s 5th annual Summer Internship Program. The internships will be 100 hours in duration, i.e. 20 hours/week for 5 weeks or 10 hours/week for 10 weeks, from May 26 to August 7, 2020. Employers are able to host more than one intern.

    As an external host employer, the company would be placed with an intern that best matches your needs. Tri-C manages the HR functions of the internship such as hiring, placement, background check, and internship compensation. Students will be compensated by the college at $11 per hour.

    Other benefits to the host employer include:

    • Screening of interns for 2.0 minimum GPA, active student status and other requirements will be conducted by the College.
    • Speed networking internship fairs (opportunity for employers to interview potential interns) hosted by the College.
    • Students will be considered Cuyahoga Community College employees (on Tri-C’s payroll).
    • Thorough background check and drug screening conducted by the College.

    The host employer is responsible for:

    • Providing the internship job description by 12/6/2019, click here for the job description template
    • Attending an information session on 2/11/2020 (Metropolitan campus 9:00am-10:30am) to learn about the role of the host/employer, timelines for hiring and next steps
    • Providing supervision, coaching, feedback, and support to the intern during the internship period
    • Providing meaningful work and learning experiences for the intern
    • Developing and sharing a work plan for the intern, outlining objectives and deliverables throughout the 5 or 10-week internship
    • Ensuring the internship is complete between May 26, 2020 and August 7, 2020.
    • Providing a workspace and other resources (e.g. access to computer, reference materials, and telephone)
    • Attending ONE of the Internship Fairs. Attending an internship fair is essential because this is where you will meet and interview potential interns and make your top intern selections.
      • Metropolitan Campus (downtown Cleveland) – Friday, March 6, 2020,
      • Western Campus (Parma)- Tuesday, March 10, 2020

    Internship host opportunities will be filled on a first-come, first-serve basis.  If you are interested in hosting a student during summer 2020, please complete the Summer Internship Job Description and return to Angela Finding at afinding@gcpartnership.com by December 6, 2019. For questions regarding the program, call Angela at 216-592-2385.

     

     

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  • Next up: GCP Hosts Panel to Promote Diversity in Commercial Real Estate

    GCP Hosts Panel to Promote Diversity in Commercial Real Estate

     

    Over 40 people interested in commercial real estate attended What’s Happening in Cleveland: A Conversation on Diversity & Inclusion in Commercial Real Estate on October 24. Hosted at GCP and presented by the Real Estate Associate Program (Project REAP), attendees enjoyed refreshments while Ken McIntyre, the project’s executive director, spoke. He noted that the program serves as a bridge between talented minority professionals and commercial real estate companies looking for talent, through educating those professionals on the business side of the industry. Angele Robinson-Gaylord, President of North American Real Estate at IKEA, was the Keynote speaker. Graduating Project REAP in 2009, Robinson-Gaylord detailed her experience transitioning from practicing law to working in commercial real estate. As a woman of color, she noted how graduating Project REAP gave her the tools to succeed in an industry historically under-represented by people that look like her.

    Robinson-Gaylord then sat on a panel to discuss the current state of Greater Cleveland’s commercial real estate industry. Joining her was Michael Elliot (Program Manager of Capital Access Fund, National Development Council), Christopher Nance (Director of Construction Diversity & Inclusion Program, GCP), and Shonna White (Real Estate Manager, CBRE). After answering questions from moderator David Browning (Managing Director, CBRE), the panel opened to questions from the floor.  Questions pertained to the potential impact our local colleges and universities can have on minority participation in the industry, and how we as a region can make young minorities feel like real estate is a profession that they can and want to pursue. The evening ended with networking, as attendees had the chance to speak personally with the panel members.

    For information about an upcoming REAP Academy being planned for 2020 in Cleveland, please contact Vince Adamus at 216-592-2258 or vadamus@gcpartnership.com. Learn additional information regarding the nationwide REAP program.

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  • Next up: GCP Members Participate in Statewide Roundtable on Women and Minority Businesses

    GCP Members Participate in Statewide Roundtable on Women and Minority Businesses

     

    Last week, GCP women and minority-owned business members participated in a roundtable discussion event hosted by state Senator Nickie Antonio. The discussion focused on the unique concerns of women and minority-owned businesses. It also served as a starting point to help strategize potential legislative solutions.

    Women and minority business owners from across the state of Ohio convened for the meeting, providing valuable feedback to Ohio’s lawmakers in order to support the growth of female and minority businesses. GCP has remained committed to advancing business growth among a diversity of stakeholders. In its latest public policy agenda, GCP called for the review of administrative rules for various state programs that support growing minority and diverse ownership of small businesses.

    Conversations with members who experience obstacles to growth first-hand are a critical part of engaging the state legislature to pass comprehensive solutions.

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