Economic Growth Foundation

Equity and Inclusion:Our focus is on promoting diversity across all levels of enterprises, from team members to executives and ownership. We collaborate with partners to support the growth of minority-owned businesses by providing access to customer opportunities and specialized advisory services. We also work to increase diversity in medium and high-wage roles by removing barriers, sharing best practices for creating inclusive environments, and developing mentorship networks. Additionally, we promote digital equity through initiatives such as device donations, affordable broadband access, and digital literacy support for all residents. The following outlines our key priorities: Grow minority business enterprises through advisory services and access to customers: Grow minority business enterprises boosts job creation within communities, creating employment opportunities and supporting local economies. This is crucial for the development of our region. In 2023, we received significant positive news regarding minority businesses: Cleveland allocated $10 million to enhance minority participation in the construction sector, and the U.S. Secretary of Commerce praised Greater Cleveland Partnership's minority business development center, which serves over 150 companies.Expand diversity in senior and mid-level leadership positions: Diverse leadership teams bring a variety of perspectives, experiences, and problem-solving approaches, leading to more informed and balanced decision-making. Our region was committed to diversity and inclusion to attract top talent from various backgrounds and retain high-quality employees. Forbes America recognized 10 companies in the area as the Best Employers for Diversity. Also, Greater Cleveland companies' board of directors' diversity exceeds national trends.Ensure digital equity through device donations, affordable broadband access and support: Digital equity ensures that all individuals, regardless of their socioeconomic status, have access to the same opportunities for education, employment, and personal development. Without it, those without adequate access to technology are at a disadvantage. In 2023, City, county, state, and foundation partners invested $80 million to expand broadband access. Ensuring digital equity is essential for creating a more equitable and inclusive society, where everyone has the tools and opportunities to succeed in the digital age.

Talent:Dynamic businesses require a steady supply of talent to thrive. Our focus is on work-based learning for both current and future job markets. We collaborate with partners to boost enrollments and completions in degree and certificate programs for growth sectors, and to enhance internships, apprenticeships, and co-op opportunities through industry-led partnerships with educational institutions and training providers. Additionally, we aim to increase career awareness among high school students through exposure and placement programs that create clear pathways to employment.Increase degree and certificate completions and retain graduates: Our region has seen a net increase in college-educated individuals over the past six years. A more educated workforce often leads to increased innovation and productivity, driving economic development and attracting higher-value industries. Expand internships, apprenticeships, co-ops and tech credentials: Summer in the Land is a community initiative and series of events aimed at showcasing and celebrating the vibrancy of Greater Cleveland during the summer months. It typically includes a variety of activities designed to engage residents and visitors, promote local businesses, and highlight the region's cultural, recreational, and social offerings. Summer in the Land attracts over 1,000 interns from 300+ companies.Broaden career awareness among high school students through exposure programs: Early career exposure helps students, and their families plan for post-secondary education and career paths, making the transition from high school to higher education or the workforce smoother and more strategic. Also, by learning about different professions and industries early, students can start developing relevant skills and interests, aligning their education with their career aspirations. As a result, in 2023, Ohio's budget features the largest increases ever recorded for college aid and technical career training.