CEA Legislative Article June 7, 2023

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Cleveland Community Benefits Agreements
On June 5th, Cleveland City Council approved a codified ordinance (Ord. No. 297-2023) to establish a floor for what benefits developers provide for Cleveland – apprenticeship, internship and mentor-protégé programs, community meetings, neighborhood improvements, minority business enterprise, female business enterprise, Cleveland area small business, and resident hiring goals - when they seek city financial assistance.

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Use Financial Statements to Make a Solid First Impression

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Financial statements are a must-have for any organization. The balance sheet reveals how much its assets and liabilities are worth based on historic costs. The income statement tells investors and lenders how profitably and efficiently the company has performed during the accounting period. The statement of cash flows details sources and uses of cash from operating, investing and financing activities. All this is relevant information for company insiders, as well as for lenders, bonding companies and other stakeholders.

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