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Every Monday - News From GCP

GCP-Supported Cyber Bill Headed to Governor, Blockchain Language Included

Senate Bill 220 (SB 220) has cleared the legislature and is awaiting the Governor’s signature.  

Over the course of the last year, GCP and our members have had encouraging dialogue, resulting in the introduction of this legislation.  

The purpose of SB 220 is to create an affirmative defense to a cause of action sounding in tort related to a data breach and it would apply to all businesses that include and comply with certain cybersecurity frameworks. 

We strongly support providing a legal safe harbor opportunity for covered entities that implement a specified cybersecurity program because the legislation provides an incentive to encourage businesses to achieve a higher level of cybersecurity through voluntary action.  

The bill, also known as the Data Protection Act, is not a mandate and it would not create a minimum cybersecurity standard.  
To read more on our support of the cybersecurity provisions in SB 220 click here

SB 220 is a sound initiative that encourages more businesses to properly protect their business ventures, their workforce, and those with whom they do business. 

In addition, “Ohio is close to becoming the latest state to offer legal support for blockchain-based business transactions.”

Language from Senate Bill 300 (SB 300) was included in the cyber legislation described above.  

Generally speaking, it states: 
• "A record or contract that is secured through blockchain technology is considered to be … an electronic record.”
• “A signature that is secured through blockchain technology is considered to be … an electronic signature.”

On June 19, GCP convened a meeting with bill sponsor, Senator Matt Dolan, and a group of our members and partners regarding blockchain, cutting-edge technology that secures records electronically. 

University Hospitals Women and Children's Center to Open July 9

The UH Rainbow Center for Women & Children, a newly constructed facility of UH Rainbow Babies & Children’s Hospital and UH MacDonald Women’s Hospital, will serve a federally designated medical/dental underserved area. This urban health center will house 46 exam rooms plus group care/community rooms and will co-locate social services. Patient visits are projected to increase by 5% a year.

UH Rainbow Center for Women & Children will feature pediatric primary care, adolescent medicine, pregnancy and gynecologic medical care, mental and behavioral health services, dieticians and nutrition education, a full-service vision clinic operated by the nonprofit OneSight, dental screening and cleaning, legal services and a WIC office and pharmacy. It will also expand group-care offerings to obesity, nutrition education, postpartum and breastfeeding support and hypertension management.

Learn more about the center.

Leaders in the Community Join Together to Discuss Racial Equity's Role in Economic Growth

The Commission on Economic Inclusion offered GCP members a day for leaders in the community to come together and have an open dialogue about “Bridging the Divide: Racial Equity’s Role in Economic Growth”. The event, hosted at the Federal Reserve Bank, was sponsored by Cuyahoga Community College. The most striking piece was how much money is left on the table every year due to income disparities by race and gender. The loss to our gross metropolitan product is estimated in the billions of dollars and increasing.  

Our presenter from the Fund for our Economic Future Kevin Alin said, “Race neutral policies aren’t correcting race disparities.” It takes direct and concerted effort from the institutions in our region to achieve the change our local economy deserves. The Racial Equity Institute asked for one thing during their presentation, our undivided curiosity as they attempted to dispel any idea that disparities in this country are due to socio-economics and education instead of systematic, albeit sometimes unintended, racism. 

“The Racial Equity Institute provides compelling data that is clear, insightful and somewhat overwhelming.  Fortunately, by scoping inequities it also provides a path to align interventions and solutions towards measurable progress.” - Scott Chaikin, Executive Chairman, Dix & Eaton, and Chair of Greater Cleveland Partnership
Equius Group led the final part of our day. Participants learned about the four levels of racism (internalized, interpersonal, institutional and systemic) and were confronted by a hard truth that so many of our decisions and observations are significantly influenced by unconscious racial biases. The Commission on Economic Inclusion maintains a best practice library where leaders can find information on how to address these issues in their workplace, if you want to learn more click here

Small Business Lending Platform Acquired by KeyBank

KeyBank recently announced the acquisition of a digital lending platform for small businesses created by Bolstr. The software platform is important as we deeply understand the access to capital needs of small business owners.

The GCP through the Commission on Economic Inclusion has launched the Business Growth Collaborative, a network of entrepreneurial support organizations in the region – COSE, JumpStart, ECDI, Presidents’ Council, Ohio Minority Supplier Development Council, Hispanic Business Center, Urban League of Greater Cleveland, Ohio Aerospace Institute, Operation Hope and Magnet – focused on helping businesses in Cleveland to grow and prosper. 

Through that work we understand that capital is a significant need for these business owners and we applaud KeyBank for working to make the process easier and more streamlined for small business.