New BWC Program for Small Businesses

Small businesses have a new option for lowering workers’ comp premiums while also promoting health and safety.

Under the new Policy Activity Rebate (PAR) program employers earn credits for completing activities designed to improve workplace safety practices and encourage attentive management of their workers’ comp policies. Employers receive a 50 percent premium rebate, up to $2,000. To be eligible for the rebate, they must select from among 33 available activities and earn 11 credits during the policy year that begins July 1.

Public and private employers of any size can participate but must have an Experience Modifier of at least 1.0, a measurement of an employer’s risk compared to the average risk of like employers.

Public employers can begin signing up Dec. 1.

Visit for more details on the PAR program.

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  • Next up: Northeast Ohio Feels Regional Impact of Akron's Bowery Project
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  • Northeast Ohio Feels Regional Impact of Akron's Bowery Project

    The impact of Akron’s $42-million Bowery project—which will rehab a half dozen historic buildings into one mixed-use complex—will resonate farther than just downtown Akron.

    Financing for the project, which includes local New Market Tax Credits from Cleveland Development Advisors (CDA), closed on Nov. 16, coinciding with the groundbreaking. Construction is expected to be complete by the end of 2019 and will produce 92 apartment units across the buildings as well as a 200-seat theater in the Civic Auditorium that will anchor the project and is expected to add 100 new events each year to the city. An additional 36,000 square feet of retail; 4,000 square feet of boutique office space; and 150 parking spaces reserved for the project in an adjacent city-owned garage are included as well.

    The project is strategically located at the intersection of Bowery and Main, blocks from the Akron Children’s Museum, Canal Park (Home of the Akron Rubber Ducks, the AA affiliate of the Cleveland Indians), the University of Akron, and a key intersection of the historic downtown Akron business district.

    Drawing in visitors

    Howard Parr of the Akron Civic Theatre said the ripple effects of the development project will be felt well outside of Akron’s city borders via the influx of visitors from surrounding Northeast Ohio communities who will be drawn in by the additional events hosted downtown. Showcasing the city’s renovated, historic structures will aid in bringing people in, too, he said.

     “It’s a total transformation,” he said. “We’re not just restoring the past, but we’re also creating a future.”

    Parr lauded the coordinated effort it took to put the project together, which included CDA; the Bowery Development Group; the Development Finance Authority of Summit County; the Downtown Akron Partnership; Huntington Bancshares; LDA Architects; the John S. Knight Foundation; National Trust Community Investment Corporation; the GAR Foundation; the Summit County Land Bank; The Community Builders; and Welty Building Company.

    “Every single aspect of the community: the public and private sectors, the nonprofits and for-profits, they’re all working toward the same end and that’s essentially what it takes for it to be a successful project,” Parr said.

    Ohio & Erie Canal impact

    Dan Rice of the Ohio & Erie Canalway Coalition, the Akron-area non-profit canal advocacy organization, also pointed to an increase in activity and use of the nature trails as a result of the work being done at the Bowery that is enhancing the city’s common spaces.

    With its strategic location at the gateway to the Towpath Trail connector in downtown Akron, the Bowery will change the face of Akron for thousands of visitors. Instead of a series of beautiful-but-deteriorated buildings, visitors will now find historically renovated reminders of the golden-age of American manufacturing, bustling with restaurants, retail, and ongoing programming along Locks 3 & 4 thanks to the Akron Civic Theatre. Akron stands to benefit from the increased economic impact of more people using the trail system through things such as lodging, bike rentals, canoe deliveries, rental income, additional activity at local restaurants, and more, he said.

    “This is crucial to our continued economic development in downtown Akron,” he said. “I’m extremely excited.”

    Project details

    The inclusion of New Markets Tax Credits (NMTCs), which contributed a total of $20 million of financing for the project, proved critical for the Bowery. Redevelopment would not have been possible without that capital. CDA provided the NMTCs at the local level while at the national level, the NMTCs were provided by National Trust Community Investment and Community Builders. Additional financing was secured via a mix of historic tax credits; tax increment financing; HUD 108 financing; FHTC equity; SHTC equity; land bank grant; conventional debt; and owner financing.

    The Bowery project represents a significant milestone for CDA, which has invested more than $400 million in Cleveland and Cuyahoga County projects during the past three decades, as it marks the first time CDA has gone outside of that region in providing financing. It’s also a watershed moment for Akron and could lead to future collaboration with groups across the region in reshaping Northeast Ohio.

    “At CDA, we always look to create the maximum return for residents and businesses of a community when we invest NMTCs in a project,” CDA President Yvette Ittu said. “That means creating quality jobs during and after construction, developing housing and commercial space that helps neighborhoods thrive and providing community services like access to healthy food and recreation space. This project checks all the boxes. With anchor tenants like the Akron Civic Theater, the existing community space at Locks 3 and 4 and the proximity to the towpath and the nationally renowned Cuyahoga Valley National Park, it was clear this project needed to be done for the City of Akron, its residents and all of Northeast Ohio.”

    Added DeHoff Development Company President Dan DeHoff: “But for the NMTCs, this project would not be possible. We had to compete nationally for this finite and critical resource and through an amazing collaboration with public and private community leadership, we came together to focus on our shared goal to secure this last piece of financing.

    CDA’s mission is to invest in real estate and business projects intended to attract additional development with the overall goal of improving the character and vitality of Greater Cleveland. Click here to learn about other CDA projects.

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  • Next up: Notice of Annual Meeting of Members of The Greater Cleveland Partnership
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  • Notice of Annual Meeting of Members of The Greater Cleveland Partnership

    GCP’s Annual Meeting will be held from 4:30 to 7:30 p.m. on June 7 at the Hilton Downtown Cleveland Hotel.

    Pursuant to the Code of Regulations of the Greater Cleveland Partnership (GCP), the 2017 GCP Annual Meeting of Members will be held from 4:30 – 7:30 p.m. on Wednesday, June 7, 2017, at the Hilton Downtown Cleveland Hotel, 100 Lakeside Avenue East, Cleveland, Ohio, 44114.

    A reception will begin at 4:30 p.m. with the meeting starting promptly at 5:30 p.m. The agenda for this meeting includes confirmation of the election of Directors to the GCP Board.

    Pursuant to the GCP Code of Regulations, the candidates for directorships will be recommended through the Nominating Committee chaired by Scott Chaikin. Those members desiring to nominate any candidate(s) to the GCP Board of Directors should submit names and contact information to Secretary, Greater Cleveland Partnership, 1240 Huron Road East, Suite 300, Cleveland, Ohio 44115-1717, by 5 p.m., Monday, May 8, 2017.

    The GCP ballot, including the candidates for the GCP Board of Directors, will be forthcoming.

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  • Next up: NSBA Report: Small Business Confidence on the Rise
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  • NSBA Report: Small Business Confidence on the Rise

    For the first time in two decades, more than half of small businesses are reporting revenue growth with an even greater number expressing increased confidence in the future, a report from the National Small Business Association and ZipRecruiter finds.

    According to the NSBA 2017 Year-End Economic Report, 53% of small businesses said their revenues grew last year. And 84% of respondents said they have a high level of confidence in the future, the highest number reported in more than a decade.

    "Small businesses have not been left behind in the ongoing rise in our economy and, in fact, are very likely the reason for the strength of the economy,” says NSBA Board Member and former COSE Chairman Michael Stanek.

    Coinciding with the increase in business performance and confidence, hiring also improved. Between July 2017 and December 2017, the number of small firms that said they hired employees increased from 22% to 30%. That is the highest hiring number reported in the survey in more than a decade.

    Looking ahead, survey respondents indicated their top priorities include reducing business-related costs, such as with healthcare and taxes, and reducing the regulatory burden on businesses. For example, 17% of those polled said healthcare reform costs should be lowered.

    The GCP Advocacy Team understands the legislative process and how the results can impact business. The Team works in close collaboration with our members to ensure their needs are heard at the local, state, and federal levels of government and we generate support for meaningful change on their behalf. The GCP Political Action Committee represents an opportunity for you to also get personally involved in advancing the business community’s interests. Click here to learn more about the GCP PAC. And click here to learn more about the overall scope of the GCP Advocacy Team’s work.

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  • Next up: OEConnection Shares the Inside Story of Winning Tech Company of the Year
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  • OEConnection Shares the Inside Story of Winning Tech Company of the Year

    At last month’s Best of Tech Awards, we were proud to recognize OEConnection. CEO Chuck Rotuno spent some time with us recently to share a bit more on the company’s innovations, company culture, and community engagement. 

    At last month’s Best of Tech Awards, we were proud to recognize OEConnection. CEO Chuck Rotuno spent some time with us recently to share a bit more on the company’s innovations, company culture, and community engagement. 

    Listen to the podcast.

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  • Next up: Office Furniture Brisbane | Clicks Office Furniture
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  • Office Furniture Brisbane | Clicks Office Furniture

    Clicks Office Furniture Brisbane offers wide selection of quality office furniture in Brisbane and beyon at big discounts. Buy Furniture Online Direct to Your Door. If you’re looking for modern and practical yet affordable office furniture in Brisbane, check out furniture at Clicks Office. Find the perfect products to enhance your home office or executive workspace. Clicks Office Furniture has been furnishing both home offices and commercial businesses offices with the best range of products for over 25 years. Beyond this period, Clicks Office has built up a solid reputation for supplying quality products at extremely affordable prices. Contact Clicks Office if you need any of the following: affordable office furniture brisbane commercial office furniture brisbane office furniture brisbane office furniture direct brisbane office furniture chairs commercial office furniture modern office furniture modern office furniture brisbane brisbane executive office furniture brisbane office furniture online office furniture stores home office furniture executive office chair boardroom chairs office chairs australia home office chairs executive office furniture brisbane brisbane office furniture office desks brisbane office reception furniture office chairs brisbane executive office furniture brisbane home office furniture home office furniture brisbane reception furniture brisbane executive office chairs brisbane ergonomic office chairs brisbane office furniture online boardroom tables brisbane Order now at Clicks Office Furniture. For more information, contact details below. Clicks Office Furniture Brisbane. 3 Shields St, Redcliffe QLD 4020. (07) 3265 3125

    Clicks Office Furniture specialies in modern yet affordable commercial and home office furniture in Brisbane!
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