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“Home Is Where the Lake Is!” VOL. 38, NO. 24 JUNE 12 - 18, 2017 “How could I be anywhere else?” “This city “I liked has character” Cleveland CLEVELAND BUSINESS “New before it “The challenge age of was cool” “Because opportunity” I is the fun part” believe “Cleveland is the in “Cleveland Cleveland” embodiment of grit “30 hustles minutes and determination” to “Legacy city with a restless drive” harder” Akron!” “Cleveland rocks hard, loves harder” “There’s “This city no “There’s place never like no other quits” home” like it” “Nothing “Why not Cleveland? is given. Everything’s here!” Everything “Because of its bright future” is earned” “I feel welcomed “Home is where and included” the Lake is!” “Born and raised by all things Cleveland” Entire contents © 2017 by Crain Communications Inc. Meet Crain’s Twenty in their 20s, and see why they love this town. Pages 12-22 Composite photo Growing your business won’t always be a work in progress. You have the power to grow your business. And with the U.S. Bank Business Quick Loan, it’s easier than ever. Get the nancing you need to expand your business and operate more efciently. Contact your local U.S. Bank Business Banker today. Equipment and Vehicle Quick Loan Interest rates as low as * 3.49% 36 month term 0LNH6QLGHU %XVLQHVV%DQNLQJ usbank.com/quickloan *The 3.49% interest rate applies to new or used equipment Quick Loan up to 80% LTV for loan terms up to 36 months for credit qu alified applicants. Disclosed rate reflects 0.50% discount based on automatic monthly payments from a U.S. Bank Business Checking account. A $75 origination fee applies to all loans and will impact final APR. Higher rates may apply based on a lower credit score, a higher LTV, or not having automatic monthly payments taken from a U.S. Bank Business Checking account. Advertised rate is as of 05/15/2017 and subject to change without notice based on market conditions. Minimum Quick Loan amount is $5,000. Maximum Quick Loan amount is $250,000. Credit products offered by U.S. Bank National Association and are subject to normal credit approval and program guidelines. Some restrictions and fees may apply. Financing maximums and terms are determined by borrower qualifications and use of funds. See a banker for details. Deposit products offered by U.S. Bank National Association. Member FDIC. ©2017 U.S. Bank. 170581C 4/17 “World’s Most Ethical Companies” and “Ethisphere” names and marks are registered trademarks of Ethisphere LLC. CRAIN’S CLEVELAND BUSINESS | JUNE 12 - 18, 2017 | PAGE 3 CEOGC turmoil is a nonprofit case study By JAY MILLER for it.’ ” “It’s crazy. The reading of CEOGC’s code of regula- e problems for board members, tions indicated that two board mem- [email protected] however, is there may not be anyone judge asked me who bers — who both favored the @millerjh to oer that kind of guidance, since Chisholm dismissal — were partici- there may be little training in how to would want to stay pating in board decisions long after Joining the board of a nonprot or- be a board member and what the re- their terms had expired. Without ganization is supposed to be a re- sponsibilities are. on a board that’s a their votes, the dismissal of Chisholm warding way for someone to give “is isn’t taught anywhere,” said would not have approved by the back to their community. Voudouris, whose organization of- non-paying board. I board. His judgment also voided ac- It doesn’t always work out that fers training for new board members. told the judge, ‘I tions taken that violated the code of way. “People join boards and they don’t regulations. In February, a news release from get any training.” don’t know why.’ ” No court date has been set for a Cecelia Williams, then chair of the CEOGC board members certainly trial. board for the Council for Economic weren’t trained for the battle they — Charles Patton, who was elected Since that preliminary injunction Opportunities in Greater Cleveland have been ghting since October, chair of the Council for Economic judgment, Municipal Court Judge (CEOGC), announced that Jacklyn when some members of the board, Opportunities in Greater Cleveland’s Charles Patton was elected chair of Chisholm had been red from her including the chair, met and voted board on May 31 CEOGC at a May 31 meeting called job as president and CEO of the non- 6-5 to dismiss Chisholm. by pro-Chisholm board members prot. Chisholm at sparked a wrongful termina- who say the meeting met the require- Since then, the operations of the tion suit led by Chisholm, the for- and Amos Mahsua. ments of bylaws. organization that runs Head Start with the Cleveland oce of Bucking- mer vice president of the Rock and Chisholm has continued to serve However, that vote is disputed by programs and provides other ser- ham, Doolittle & Burroughs LLC who Roll Hall of Fame. In it, her lawyer as the organization’s leader through the other board faction. vices to low-income families in specializes in nonprot law. makes a dozen claims against six the turbulence. In a statement emailed June 5, Wil- Cuyahoga County has seen its board “is case shows the value of good board members, including the two en, on March 1, Chisholm-sup- liams, who anti-Chisholm board of directors split into two factions, documentation, having well-orga- disqualied by the O’Donnell in- porting board members led a suit members elected at a meeting in Jan- spawning a war of words and two nized minutes, regularly updating junction, charging everything from seeking a declaratory judgment to uary before the O’Donnell decision, lawsuits. your code of regulations and follow- terminating her in violation of public void the dismissal and other actions said the other group “led a prelimi- Because of the lawsuits, the two ing your code of regulations,” Camp- policy, to breach of contract and def- taken by the anti-Chisholm faction. nary injunction suit to prevent the sides of the dispute have been speak- bell said. amation. ey argued that the October meet- legitimate board from meeting and is ing only through outside spokesmen, Rookie board members also may e suit contended that Chisholm ing where the vote was taken to dis- now violating all governance rules in making it dicult to get a clear pic- lack the condence to speak up. was red in retaliation for investigat- miss Chisholm had been announced an attempt to convene their own ture of the motivation behind the r- “What happens so often is board ing nancial irregularities and failure as a meeting of the personnel and meeting and further their own agen- ing and to understand why the board members might go with the ow or of the board leaders to comply with governance committees, not the full das. e costly legal battles and PR has splintered. take their business hat o when the the organization's code of regula- board, voiding the termination ac- stunts created by this faction only What’s clear, though, is that the go in the door,” said Elizabeth tions, also called bylaws, including tion. create more turmoil and serve no turmoil has made the 53-year-old or- Voudouris, executive vice president allowing directors to continue to On April 28, Cuyahoga Common one’s best interest.” ganization a cautionary tale for any- of BVU: e Center for Nonprot Ex- serve after their terms had expired, Pleas Court Judge John P. O’Donnell “It’s crazy,” said Patton in a tele- one who agrees to join the board of a cellence, an organization with oces which, apparently, is a key issue in granted the pro-Chisholm group a phone interview. “e judge (O’Don- nonprot group. in Cleveland and Akron that consults dispute. e vote to re Chisholm preliminary injunction, saying their nell) asked me who would want to “ese kinds of intra-board dis- with nonprots. “ey’ve got the would not have succeeded without claims “demonstrated a substantial stay on a board that’s a non-paying putes happen, unfortunately,” said skills and expertise but think, ‘Every- the votes of those two members, Rev. likelihood of success.” board. I told the judge, ‘I don’t know Alexander Campbell, an attorney body else is voting for it, so I’ll vote Charles Lucas, who was then chair, In his order, O’Donnell said his why.’ ” NORTHEAST OHIO COMMERCIAL REAL ESTATE LEADERS INVESTMENTS, SALES, LEASING, MANAGEMENT AND ADVISORY RECENTLY-COMPLETED TRANSACTIONS FEATURED PROPERTY LISTINGS FOR SALE/INVESTMENT FOR SALE OR LEASE LANDLORD REPRESENTATION Renewal of Venture Lighting 7905 Cochran Road Glenwillow, OH 12850 & 13000 Darice Parkway, Strongsville, OH 24455 Aurora Road, Bedford Heights, OH Two building portfolio totaling 554,037 SF; 125,238 SF industrial warehouse/distribution 59,963 SF 100% net leased; NNN investment opportunity building; I-271 highway visibility FOR LEASE FOR SALE OR LEASE BUYER REPRESENTATION Diamond Business Park Glenwillow, OH 10.73 ACRE 10.73 acres of land SITE 600 Beta Drive, Mayfield Heights, OH 175 Ghent Road, Fairlawn, OH for build-to-suit 90,560 SF industrial building; Three-story 89,510 SF office building; 34,714 SF available; highway exposure divisible to 25,000 SF FOR SALE FOR LEASE LANDLORD REPRESENTATION New Lease to Window Nation 4350 Renaissance Parkway Warrensville Heights, OH 5170 W. 130th, Brook Park, OH 14720 Foltz Industrial Parkway, Strongsville, OH 11,393 SF 255,470 SF; heavy cranes; easy highway access 23,200 SF or up to 197,440 SF BTS For all property sale and lease TERRY COYNE, SIOR, CCIM availabilities, as well as Contact Terry today to discuss your VICE CHAIRMAN commercial real estate needs commercial real estate news 216.453.3001 Visit www.TerryCoyne.com [email protected] PAGE 4 | JUNE 12 - 18, 2017 | CRAIN’S CLEVELAND BUSINESS 7KH0RVW(IILFLHQW5RDG7R3URILWDELOLW\,V:LWK Actionable Insights %,6ROXWLRQV7KDW:LOO7DNH<RX2Q$ Journey With Your Data - ZZZYL]LRQVROXWLRQVFRPiLQIR#YL]LRQVROXWLRQVFRP Real estate developer Jerey Jacobs bought the long-empty building at 2325 Elm St.
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