Author Topic: Cincinnati: General Business & Economic News (Read 104992 times)

OCtoCincy · « **Reply #560 on:** April 02, 2012, 07:16:03 AM »

^ I would doubt it would be bad. I think the release I saw said something about about extensive partnership between city & state.

jdm00 · « **Reply #561 on:** April 03, 2012, 02:28:55 AM »

They've already announced they're going there, right? I assume this is just more details?

atlas · « **Reply #562 on:** April 03, 2012, 03:10:00 AM »

Of course its good news. Assuming Kasich is involved - he isn't going to be if it's bad.

GCrites80s · « **Reply #563 on:** April 03, 2012, 04:28:48 AM »

That's right, Kasich shows up anytime somebody gets a job.

dmerkow · « **Reply #564 on:** April 03, 2012, 02:13:26 PM »

That would be an assume skit . . . if Kasich showed up anywhere, anytime someone in Ohio got a job - from the janitor at McDonald's up to the new CEO at Proctor and Gamble

GCrites80s · « **Reply #565 on:** April 11, 2012, 04:26:21 AM »

Might be able to sell that one to SNL.

Sherman Cahal · « **Reply #566 on:** April 13, 2012, 01:34:57 AM »

Drug maker Forest Pharmaceuticals heads to Blue Ash
Premium content from Business Courier by Jon Newberry, Staff Reporter
Date: Friday, April 13, 2012, 6:00am EDT - Last Modified: Thursday, April 12, 2012, 11:02am EDT

Forest Pharmaceuticals will shift most of its local operations from Oakley to Blue Ash, where it’s building a 173,000-square-foot drug packaging facility that will open in 2013.

The move will bring 125 jobs to Blue Ash, at the corner of Kenwood Road and Osborne Boulevard, said Judy Clark, Blue Ash’s economic development director. It’s not clear how many, if any, new jobs it will create in the region. Forest Pharmaceuticals is based near St. Louis; it’s a subsidiary of New York-based Forest Laboratories Inc. Forest would provide only limited details about the project.

Location: http://g.co/maps/xx7s7

--

Blue Ash runs out of big parcels
Premium content from Business Courier by Jon Newberry, Staff Reporter
Date: Friday, April 13, 2012, 6:00am EDT - Last Modified: Thursday, April 12, 2012, 11:04am EDT

Forest Pharmaceuticals’ purchase of a 17-acre site on Kenwood Road in Blue Ash was the last large parcel available for development in the city, said Judy Clark, the city’s director of economic development.

Future developments that require more than 10 acres will have to involve redevelopment of previously developed sites and existing buildings, she said.

thomasbw · « **Reply #567 on:** April 13, 2012, 01:36:45 AM »

^or a joint development agreement with the City on airport land.

unusualfire · « **Reply #568 on:** April 13, 2012, 01:40:33 AM »

Why is Ohio not getting any major job announcements? Like the 6000 jobs that Apple is making in Austin?

Sherman Cahal · « **Reply #569 on:** April 13, 2012, 01:56:55 AM »

Ohio has - but is generally not posted here or in other threads. Ohio is now ranked #2 in job creation (up from #48 a few years back) and #1 in the Midwest (Bureau of Labor Statistics, March 2012), and a lot of it is due to the natural gas/oil exploration in eastern Ohio. People are literally flooding what hotels are out there and even going as far as camping so they have a job that is secure. I didn't know about the latter until I picked up a copy of Steubenville's newspaper a few weeks back and was shocked that people were renting RV's just to live in so they could work!

Here is just a list from this area for March that received tax credits:

Pilot Chemical Company of Ohio, City of Middletown (Butler Co.) & City of Sharonville, Pilot Chemical Company of Ohio expects to create 38 full-time positions, generating $2 million in additional annual payroll (and retaining $10.9 million in existing payroll) as a result of the company’s expansion project in the City of Middletown (Butler Co.) and City of Sharonville, Hamilton Co. This project has two project locations within 15 miles of each other. Pilot Chemical Company manufactures and distributes specialty chemicals to household and industrial detergent, personal care, lubricant, oilfield, emulsion polymerization, textile, enhanced oil recovery, metal treatment, and agricultural industries. The TCA approved a 50 percent, six-year tax credit to Pilot Chemical Company of Ohio.

RoundTower Technologies, Inc., City of Blue Ash (Hamilton Co.)
RoundTower Technologies, Inc. expects to create 47 full-time equivalent employees generating $5.1 million in additional payroll (and retaining $4.4 million in existing payroll) as a result of the company’s expansion project in the City of Blue Ash, Hamilton Co. RoundTower Technologies is an IT Solutions Consultant focused on Data Storage and Virtualization. Their core focus is Storage and Virtualization, and they help clients solve their business problems by recommending solutions to help protect, leverage and control their information. The Ohio Tax Credit Authority approved a 50 percent, sevenyear tax credit to RoundTower Technologies, Inc.

Then, there is dunnhumby that is bringing 550 jobs and staying in downtown Cincinnati, the lure of Nielson Media and Omnicare from Covington, and others. In eastern Ohio, it's the construction of a major steel plant (V&M) in Youngstown to produce piping and other items for the drilling industry, a cryogenic processing plant in Cadiz that is a $1 billion investment with 500 construction jobs and <70 permanent jobs, and a proposed second cracker plant in Wheeling, WV (across from Steubenville) that could bring thousands of jobs and hundreds of permanent positions. I mean, Monaca, PA just won out for Shell's cracker plant that is going to bring nearly 10,000 construction jobs and hundreds of permanent positions in a $3.2 billion investment (other sites included West Virginia and Ohio). A $900 million plant in Hanoverton (Columbiaia County) to process natural gas will employ hundreds when it is completed in five years.

http://www.urbanohio.com/forum2/index.php/topic,22242.0.html
http://www.urbanohio.com/forum2/index.php/topic,23808.0.html

Lots of exciting stuff happening in Ohio!

taestell · « **Reply #570 on:** April 17, 2012, 07:19:22 AM »

Quote from: unusualfire on April 13, 2012, 01:40:33 AM

Why is Ohio not getting any major job announcements? Like the 6000 jobs that Apple is making in Austin?

It's not like Apple picked Austin randomly. I believe they located there because they wanted to be close to Intel.

Similar to DunnHumby expanding in Cincinnati because they do work with other Cincinnati-based companies.

Matthew Hall · « **Reply #571 on:** April 21, 2012, 03:14:27 AM »

http://www.statesman.com/business/technology/officials-apples-austin-expansion-not-a-done-deal-2253021.html

It's for 3,600 jobs and even Austin has to offer large incentives. You'd have to offer me incentives to move to Austin, too.

unusualfire · « **Reply #572 on:** April 21, 2012, 03:58:07 AM »

Kind of insane when it has made MANY billions in profits and is worth 600 billion itself.

Matthew Hall · « **Reply #573 on:** April 24, 2012, 06:41:17 AM »

http://www.bizjournals.com/cincinnati/news/2012/04/24/cincinnatis-jobless-rate-drops-below-8.html.

While the unemployment rates discussed in this article have been politicized beyond all usefulness, this article reports the unadjusted March non-farm wage and salary numbers for the Cincinnati metro already discussed here.

willalbro · « **Reply #574 on:** May 01, 2012, 01:47:16 PM »

An article from the media pubbing downtown/OTR in Cincy. Page 3 has some interesting stats.

http://www.wcpo.com/dpp/news/local_news/From-ghost-town-to-night-on-the-town-Downtown-Cincinnatis-revitalization

natininja · « **Reply #575 on:** May 01, 2012, 04:14:59 PM »

Quote from: willalbro on May 01, 2012, 01:47:16 PM

An article from the media pubbing downtown/OTR in Cincy. Page 3 has some interesting stats.

http://www.wcpo.com/dpp/news/local_news/From-ghost-town-to-night-on-the-town-Downtown-Cincinnatis-revitalization

Probably the worst comment section I've ever read.

willalbro · « **Reply #576 on:** May 02, 2012, 12:44:10 AM »

Quote from: natininja on May 01, 2012, 04:14:59 PM

Quote from: willalbro on May 01, 2012, 01:47:16 PM
An article from the media pubbing downtown/OTR in Cincy. Page 3 has some interesting stats.

http://www.wcpo.com/dpp/news/local_news/From-ghost-town-to-night-on-the-town-Downtown-Cincinnatis-revitalization

Probably the worst comment section I've ever read.

The comment section is absolutely horrible and absolutely typical. The haters can't stop the progress though, so let em hate.

taestell · « **Reply #577 on:** May 04, 2012, 02:19:55 PM »

Quote from: willalbro on May 02, 2012, 12:44:10 AM

Quote from: natininja on May 01, 2012, 04:14:59 PM
Quote from: willalbro on May 01, 2012, 01:47:16 PM
An article from the media pubbing downtown/OTR in Cincy. Page 3 has some interesting stats.

http://www.wcpo.com/dpp/news/local_news/From-ghost-town-to-night-on-the-town-Downtown-Cincinnatis-revitalization

Probably the worst comment section I've ever read.

The comment section is absolutely horrible and absolutely typical. The haters can't stop the progress though, so let em hate.

WKRC won't be outdone, here's their own take on the topic: http://www.local12.com/news/local/story/Over-the-Rhine-May-Now-Be-Too-Cool-For-Crime/TaOR7iCKOkuXxL3JECJfsQ.cspx

unusualfire · « **Reply #578 on:** May 23, 2012, 10:52:03 PM »

The Cincinnati metro unemployment is down to 7.1%.

unusualfire · « **Reply #579 on:** June 06, 2012, 01:25:04 AM »

http://www.nytimes.com/2012/06/06/realestate/commercial/cincinnati-comes-back-to-its-ohio-river-shoreline.html?_r=1&pagewanted=all

Cygnus · « **Reply #580 on:** June 13, 2012, 06:03:47 AM »

Hyatt Regency Cincinnati to undergo $17M renovation
Business Courier

The Hyatt Regency Hotel in downtown Cincinnati will undergo a $17 million renovation.

The city of Cincinnati is selling its ground lease on the downtown property to New York-based Lamco LLC, a subsidiary of Lehman Brothers Holdings Inc., for $2.1 million, according to a city news release. The city will put in the remaining $1.55 million of the property value to the deal. In exchange, all 485 rooms, public spaces and hotel support areas will be upgraded and renovated.

Renovations are scheduled to begin later this year.

Cont

The_Cincinnati_Kid · « **Reply #581 on:** June 13, 2012, 06:08:54 AM »

Good news about the Hyatt, that place has looked tired for 20 years!

Losantiville · « **Reply #582 on:** June 13, 2012, 06:18:27 AM »

Quote from: The_Cincinnati_Kid on June 13, 2012, 06:08:54 AM

Good news about the Hyatt, that place has looked tired for 20 years!

Stayed there for a night a few years ago when my prior employer had a conference downtown. It was certainly tired then.

mcadrenaline · « **Reply #583 on:** June 13, 2012, 07:17:19 AM »

Quote from: Losantiville on June 13, 2012, 06:18:27 AM

Quote from: The_Cincinnati_Kid on June 13, 2012, 06:08:54 AM
Good news about the Hyatt, that place has looked tired for 20 years!

Stayed there for a night a few years ago when my prior employer had a conference downtown. It was certainly tired then.

For real! Hopefully this puts the heat on the Hilton, Millennium and Cincinnatian to consider upgrades as well.

GCrites80s · « **Reply #584 on:** June 13, 2012, 11:14:14 AM »

I hope they paint the roof yellow to make it look even more like Pac-Man from the air.

unusualfire · « **Reply #585 on:** June 29, 2012, 03:05:20 AM »

http://www.wlwt.com/news/money/Company-to-build-NKY-e-commerce-center-hire-up-to-700/-/9837682/15347326/-/mmovie/-/index.html

Quimbob · « **Reply #586 on:** August 05, 2012, 05:51:00 AM »

Amazon set to nearly double Hebron, KY facility - add 900 jobs.
http://news.cincinnati.com/article/20120805/NEWS0103/308050027/Amazon-hire-hundreds-Ky-?odyssey=tab|topnews|text|FRONTPAGE

Gramarye · « **Reply #587 on:** August 06, 2012, 02:38:34 AM »

They're reportedly working on moving to a same-day delivery model for most goods. I'm going to be seriously impressed if they pull that off, but many of my Amazon Prime deliveries have already been next-day deliveries, even though the service only promises 2-day shipping. I know there's a dark side to the breakneck pace of their logistics operation (the frenetic pace of activity inside some of their fulfillment centers has gotten media attention from several outlets), but they remain one of my favorite disruptive innovators out there. And, of course, 900 jobs is still 900 jobs.

mcadrenaline · « **Reply #588 on:** August 06, 2012, 02:44:49 AM »

^^ I can get things within 12-18 hours from Prime living in Cincinnati. Really awesome service.

Quimbob · « **Reply #589 on:** August 08, 2012, 11:26:58 PM »

Royal Saudi Air Force orders 193 engines from GE Aviation
GE Aviation received an order from the Royal Saudi Air Force for 193 engines to power 84 twin-engine Boeing F-15SA aircraft.
With this order, worth more than $1 billion, the Royal Saudi Air Force becomes the largest operator of F110 engines other than the U.S. government.

http://www.bizjournals.com/cincinnati/news/2012/08/08/royal-saudi-air-force-orders-193.html

unusualfire · « **Reply #590 on:** August 10, 2012, 12:38:17 PM »

Im curious, Anyone know of which company that is bringing 10,000+ jobs to the area? I just heard it on the news, but not the company.

OTR · « **Reply #591 on:** August 17, 2012, 08:10:05 AM »

^maybe the expansion of Amazon?

========

Park + Vine becomes first OTR business on Google Street View

http://www.blogotr.com/otr/park-vine-becomes-first-otr-business-to-bring-google-maps-indoors/

Quimbob · « **Reply #592 on:** September 27, 2012, 04:35:01 AM »

I guess this is Obama's fault for winding down efforts in the middle east.....

BAE's military production leaving West Chester
"Defense contractor BAE Systems is ending military production at its West Chester plant and will transfer the work to Sealy, Texas, by April. About 160 employees will lose their jobs as a result, beginning in November, the company said this morning.
All commercial armored vehicle, transparent armor and JLTV engineering work will continue in West Chester, BAE said."

http://news.cincinnati.com/article/20120927/BIZ/309280012/BAE-s-military-production-leaving-West-Chester?odyssey=mod|newswell|text|FRONTPAGE|s

The_Cincinnati_Kid · « **Reply #593 on:** September 27, 2012, 08:14:24 AM »

I am sad to see any jobs and companies leave the state and the region, but if it had to be someone, I am glad it is West Chester!

Rusty Shackleford · « **Reply #594 on:** October 12, 2012, 05:04:16 AM »

Middletown's Towne Mall Being Sold to Investors, New Investment Promised

Quote

By Michael D. Pitman and Rick McCrabb

Staff Writers

MIDDLETOWN — The Towne Mall, once deemed “a dead mall,” is expected to be sold today to a group of California investors who plan to make major renovations and bring in new tenants.

Trisha Hale, mall secretary under CBL & Associates of Chattanooga, Tenn., which owns the mall, said several investors toured the shopping center recently and they returned to the mall Thursday, finalizing paperwork. They are expected to sign the contract to purchase the mall today, she said.

She called it “a done deal.”

Hale said the investors — “just regular guys,” she said — formed a corporation, SA Mary Ohio, LLC, on Thursday. She didn’t know how much the mall sold for and Dr. George Bishay, a veterinarian and one of the investors, refused to release the sale price.

Dr. Bishay said the investment group saw “very strong potential” in the mall, which opened in 1977.

He expects the group to bring in new tenants because there’s “a lot of interest” from retailers. They will meet with potential tenants and select the “best group,” he said.

http://www.daytondailynews.com/news/news/sale-of-towne-mall-a-done-deal/nSbgk/

I was there last night, in fact. It needs new investment badly, or else just take the wrecking ball to it.

I hope this doesn't wind up like the waves of reinvestment in the "Cincinnati Mall" (Forest Fair, et al.) The part about "just regular guys" and the one investor who is a veterinarian scares me a little - it sounds exactly like the people on these restaurant and bar makeover shows who buy a restaurant and who are clueless about the business aspects. If a mall management company can't make a go of the mall, I don't see what value a group like this can add...

News:

Author Topic: Cincinnati: General Business & Economic News (Read 104992 times)