Advocacy News

Election 2016: Analyzing the Results

From the election of a new president to measures that support the Cleveland Metropolitan School District, voters across Northeast Ohio had a lot of things to consider on their ballot this year.

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Advocacy News

Vote ‘Yes’ on Issue 32

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During this election season, Clevelanders understand just how crucial the passage of Issue 32 is to the future of our region. If Issue 32 does not win approval from the voters the Cleveland Police Department, for example, recently cited that it will not be able to hire the officers the City needs.  Cleveland is faced with a budget deficit going into 2017 and if the gap is not filled, Clevelanders will be forced to suffer through the consequences.

Sante Ghetti
Advocacy News

The importance of our PAC as Election Day nears

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We are about a month away from Election Day and early voting in Ohio begins on October 12. In addition to voting, there are a number of ways you can ensure your individual voice and the voice of the business community is heard throughout the political process, but no tool may be more useful than having the ability to collectively pool our resources together to provide our members with the means for concerted political action. And, the dollars contributed through the Greater Cleveland Partnership’s Political Action Committee are specifically used to provide support for state and local governmental leaders campaigning for election who share your interests.

Sante Ghetti
Advocacy News

Michael Stanek appointed as the employer representative on medical marijuana advisory committee

Sante Ghetti |

Governor John Kasich appointed Michael Stanek, vice president/CFO of Hunt Imaging in Berea and owner of Cleveland Cycle Tours, to a new panel that is being formed, the Ohio Medical Marijuana Advisory Committee.  The role of the assignment is to represent employers’ views as regulatory proceedings on medical marijuana take place in Ohio.  Stanek also serves as a GCP board member and as COSE board chair.

Sante Ghetti
Advocacy News

Proposed Federal Rules Could Impact Your Family-Owned Business

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The U.S. Department of Treasury issued proposed regulations on minority discount valuations (referred to as the “2704 Regs.” after Section 2704 of the Internal Revenue Code).  The minority discount valuation issue deals with how the Internal Revenue Service (IRS) values a partial-ownership stake in, for example, a family-owned business.  If the partial-owner does not own a controlling stake in the business—typically less than 50 percent—and cannot initiate a sale or liquidation of the business, then the value of the stake is given a “minority valuation discount.”  This is an important consideration when the IRS evaluates the value of business ownership for estate tax purposes, and any changes could have a significant impact on family-owned businesses.

Advocacy News

Unemployment Compensation Reform Testimony: Mike Stanek, Chief Financial Officer, Hunt Imaging Owner, Cleveland Cycle Tours

Board Member, Greater Cleveland Partnership | Board Chair, Council of Smaller Enterprises |

The testimony below was given to state legislators by COSE Chairman Mike Stanek, CFO of Hunt Imaging and Owner of Cleveland Cycle Tours on August 25, 2016.

Chairman Peterson, Chairman Schuring and members of the Unemployment Compensation Reform Joint Committee, my name is Mike Stanek.  I am the Vice President and CFO for an Ohio-based manufacturer that sells internationally as well as the co-owner, with my wife, of an entertainment company operating in Cleveland.  I have a keen interest in making sure that any unemployment compensation reforms to be implemented are done in a fashion that both protects businesses operating in the state and provides a safety net for the employees of those businesses.

Sante Ghetti
Advocacy News

Amended minimum wage proposal still a bad deal for Clevelanders

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A national organization interested in advancing their own agenda, regardless of the cost that Cleveland and Cleveland residents would incur, announced they have finalized language for a Cleveland-only minimum wage ballot measure.  Cleveland voters will ultimately decide on the issue in the future in November or through a special election on a to-be-determined date.
Sante Ghetti
Advocacy News

Cleveland Council rejects minimum wage hike, voters may still decide

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Last week, Cleveland City Council voted overwhelmingly – by a vote of 16 to 1 – in opposition to the most aggressive minimum wage increase in the country.  Ohio Attorney General Mike DeWine even released an opinion more than a month ago stating that municipalities cannot legally set their own minimum wage. 

However, Cleveland’s Charter could still provide the initiative’s supporters the opportunity to place the issue (or an amended version) on a future ballot to be decided by the voters.