July 11, 200816 yr Manufacturer Lingo to add 55 jobs in $4.5M expansion Florence firm seeks $400,000 in tax credits from state http://cincinnati.bizjournals.com/cincinnati/stories/2008/07/14/story6.html
July 11, 200816 yr ^ I'm telling you, THAT'S why the museum is staying in Cincy. They'll keep the museum and some sort of figurehead position or registration there, so that they can still print "Cincinnati, OH" on their products. If its that important to them that Cincinnati, Oh is on their products youd hope that being in Ohio would be equally as important. I realize that is asking too much in todays corporate world...im just saying.
July 15, 200816 yr We knew they were moving, now we know where. From the Journal-News: Fujitec to move headquarters from Lebanon By Denise G. Callahan The Fujitec America elevator and escalator manufacturing company is moving its U.S. headquarters from Lebanon to Mason. Kenny Yamashiro, president of Fujitec, told Mason City Council on Monday, July 14 that his company will be focusing on the "brains" of their elevator systems in the future, so they don't need all the manufacturing space they currently inhabit on Ohio 48 in Lebanon. Contact this reporter at (513) 696-4525 or [email protected]. http://www.journal-news.com/n/content/oh/story/news/local/2008/07/15/pjm071508fujitecweb.html
July 15, 200816 yr Author There is plenty of room in Lebanon to build. I expect Lebanon to take a Mason company next. The cycle never ends. Cities need to ask these companies what do they need and what can that city do to help them expand.
July 15, 200816 yr Pierre Foods files for Chapter 11 bankruptcy http://cincinnati.bizjournals.com/cincinnati/stories/2008/07/14/daily14.html?surround=lfn
July 15, 200816 yr At least it doesn't sound like Mason offered tax incentives for the company to relocate there. If they need a new space for whatever reason then fine. I just don't like it when our communities try to lure companies away from one locale to another, and put up major incentives in the process.
July 15, 200816 yr I believe they are keeping the building. CBTS has already moved in to parts of it. I doubt it will become a "cell tower" though. I'm sure there is one in the area. (That's not to say they won't put a repeater on it for its employees)
July 16, 200816 yr At least it doesn't sound like Mason offered tax incentives for the company to relocate there. Well I guess I was wrong...read it and weep - "Mason approved a 10-year, 100 percent tax abatement on the project in return for an estimated $543,743 payment in lieu of taxes to Kings Local School District." Fujitec staying in Warren County http://news.cincinnati.com/apps/pbcs.dll/article?AID=/20080716/BIZ01/307160023/1055/NEWS
July 18, 200816 yr Medpace shops for new HQ locally http://cincinnati.bizjournals.com/cincinnati/stories/2008/07/21/story1.html Article highlights: Medpace has outgrown its 135,000sf Norwood space; looking to relocate. List is narrowed down to four options including the former Nutone headquarters property on Red Bank Road leads the pack. Other potential sites include The Landings in Blue Ash, Circleport in Erlanger and an unincorporated plot near the Cincinnati/Northern Kentucky International Airport in Boone County. Estimated that Medpace will need 250,000sf of space. So far the Red Bank Road site is at the top of the list with Cincinnati officials pushing hard to land, "a large corporate user would kick off the first phase of the project by the end of the year, he said. He's pitching the site to less than a half-dozen large office prospects, including Medpace.
July 18, 200816 yr ^ Well yet another blow to the city of Norwood...about 1,000 jobs in a week? Its unfortnate that they arent considering the Linden Point project a viable option seeing how its just down the street, but im glad that it seems their front runner is a site within Cincinnati. I wish that portion of Norwood adjacent to the MedSpace building was planned a little better. It feels like a suburban strip/office condo develoment in anywhere USA. A nice, dense, mixed use project in that area would do wonders.
July 18, 200816 yr Why is it that none of these companies are considering downtown Cincy? I'd much rather work there than any of the 4 sites listed above.
July 18, 200816 yr ^ especially with the way gas prices are. we are in a day and age where the center cities will hopefully start to thrive again..
July 18, 200816 yr Author Didn't Norwood just build new space where some old factories used to be? Is that place full aready?
July 18, 200816 yr Why is it that none of these companies are considering downtown Cincy? I'd much rather work there than any of the 4 sites listed above. Very good question. I agree with you 100%
July 21, 200816 yr Why is it that none of these companies are considering downtown Cincy? I'd much rather work there than any of the 4 sites listed above. Ask and you shall receive... Baker & Daboll moves downtown from Mason http://cincinnati.bizjournals.com/cincinnati/stories/2008/07/21/daily3.html
July 21, 200816 yr Good article. I really like the line stating that the company wants to be a part of Downtown's renaissance! Great pub for the city!
July 21, 200816 yr Why is it that none of these companies are considering downtown Cincy? I'd much rather work there than any of the 4 sites listed above. Ask and you shall receive... Baker & Daboll moves downtown from Mason http://cincinnati.bizjournals.com/cincinnati/stories/2008/07/21/daily3.html Nice! And they're vacating one of the ex-burbs, which is even better.
July 21, 200816 yr And guess what is even better...Cincinnati didn't poach the company. They chose to move on their own, and wanted to move to Cincinnati. No wasted taxpayer dollars here.
July 21, 200816 yr Author I wonder why they are just now reporting this? They seems to have been at the downtown location a while now.
July 22, 200816 yr LeanCor adding 14 high-tech jobs http://cincinnati.bizjournals.com/cincinnati/stories/2008/04/28/story11.html Fourteen high-tech jobs will be among the 20 added at LeanCor, LLC, a third-party logistics provider based in Florence, Ky. LeanCor trains and consults on logistics operations services to companies, helping them eliminate organizational waste and drive down costs. The company was founded in 2005 by Robert Martichenko to address the logistics needs of lean manufacturers and retailers. The company is currently developing a program that will automate transportation management and communications for supply chain functions. ... More at: http://cincinnati.bizjournals.com/cincinnati/stories/2008/04/28/story11.html
July 30, 200816 yr Cincinnati’s jobless rate among lowest in state http://cincinnati.bizjournals.com/cincinnati/stories/2008/07/28/daily38.html
August 11, 200816 yr $3.5 BILLION http://www.urbancincy.com/2008/08/35-billion.html That is roughly the valuation of current and proposed construction projects in Cincinnati's urban core (Downtown, OTR, parts of Nky's riverfront, Mt. Adams, parts of Uptown). The area is roughly 6 square miles that includes hilly terrain, a might river and is the heart of a 2+ million person metropolitan area. That averages out to roughly $574-million worth of investment per square mile. Projects highlighting this list are The Banks, Cincinnati Riverfront Park, Queen City Square, SouthShore, Ovation, and the Cincinnati Streetcar. In addition to those big projects, the list is filled out by a potpourri of rehab and infill projects that would tickle the fancy of any urbanite. While you simply can not project development valuations as a signal of a city's success or failure, it is hard not to be impressed by the shear amount of activity going on now and in the coming months/years. It is not often that a Midwestern city sees this kind of activity, and it isn't something Cincinnati hasn't seen happen in many decades. Full List: *Does not include projects in the East End, West End, Dayton, or Bellevue
August 11, 200816 yr Very cool list but, why were QCWest in LPH, WatersEdge in Bellvue, and the Dayton waterfront development left off? Isn't the Dayton project 1 Bill alone?
August 11, 200816 yr Some projects are almost certainly missed, but while the list isn't perfect it grabs the lion's share of the projects in the urban core. If there are other projects that were missed please feel free to list them off with their projected cost.
August 11, 200816 yr I don't know if i would consider Dayton to be part of the Cincinnati urban core. Its pretty far down river.
August 11, 200816 yr I don't know if i would consider Dayton to be part of the Cincinnati urban core. Its pretty far down river. It's actually up river, and it starts roughly where Theodore Berry Friendship Park ends. I would consider it as part of the urban core, it has more in common w/ an urban neighborhood than it does with a traditional suburb. In any case, this is a great synopsis and just confirms my faith in Cincinnati.
August 11, 200816 yr For those that may not be familiar with the projects in Cincy... The Banks - mixed-use development (Downtown): Parker Flats - condo midrise (Downtown): Queen City Square - office tower (Downtown): SouthShore - condo towers (Newport): One River Plaza - condo towers (Downtown): Washington Park reconstruction (Over-the-Rhine): 3000 Vine Street - hotel and retail (Uptown, Corryville): School of Creative & Performing Arts (Over-the-Rhine): The Edge Condominiums (Downtown): Ovation - mixed-use development (Newport):
August 12, 200816 yr I am from Cleveland and don't know too much about Cincinnati's new developments, but I wanted to know more about Ovation - 1 billion really WOWED me. I'd like to know what it will consist of for anyone on the up and up.
August 12, 200816 yr There's extensive threads on it already, but in a nutshell, its a mixed use development in Newport, KY - right across the river from downtown Cincinnati. The city leveled a bunch of subsidized housing over a year ago and the site is still sitting there empty, its right next to the Newport on the Levee development if you're famliar with that.
August 12, 200816 yr I am from Cleveland and don't know too much about Cincinnati's new developments, but I wanted to know more about Ovation - 1 billion really WOWED me. I'd like to know what it will consist of for anyone on the up and up. As of right now developers are working out financing plans. The project if/when completed should take a number of years to build out (much like The Banks). Corporex (developer) plans to release a more detailed plan later this year to reflect financing/market changes. But here is the data available in the mean time... 108 townhomes (between 3-4 stories) 726 condos (in six high-rise structures) 192 senior housing units (in 12-story structure) 1,100,000 sf office (tallest tower being 25-stories with 365,000 sf) 202,000 sf retail 3,000 showroom (LasVegas style) 2 hotels (476 room & 168 room) 6,200 underground parking spaces
August 18, 200816 yr Greensburg awaits Honda boom As production nears, city has seen hints of change http://news.cincinnati.com/apps/pbcs.dll/article?AID=/20080818/BIZ01/808180371/1076/NEWS Not a lot has changed in this quiet Indiana farming town about 60 miles northwest of Cincinnati in the two years since Honda announced a $550 million assembly plant employing 2,000 and launching production this fall. Despite seeming to hit the economic mother lode with the Honda project - pursued by communities from Ohio to Michigan, Illinois and Wisconsin - Greensburg hasn't turned into a boom town overnight. ...
August 23, 200816 yr This is a punch in the gut. My Grandfather worked for these guys in the 40's! Riemeier Lumber Co. To Close After 83 Years http://www.wcpo.com/news/local/story.aspx?content_id=7568a8af-13be-4479-b1c2-bca32ba5abaa
August 23, 200816 yr ^Sorry to hear this. Riemeier sponsored my little team for many years. I'm going back twenty years. When we won tournaments, the owner invited us to his home and we had a blast playing games in the basement. I believe they were very involved in the community back in the day. I think they have a warehouse in Lower Price Hill too. I wonder if the city would be interested in purchasing it for redevelopment.
August 24, 200816 yr ^That's be interesting to research what happens there if that be the case. Bond Hill locale too!
August 25, 200816 yr Location Incentives, Attract Buisness Development By Chelsey Levingston Staff Writer Sunday, August 24, 2008 WARREN COUNTY — This county's growth continues unabated, and officials don't expect it to slow anytime soon as its neighbors to the north and south (Dayton and Cincinnati) continue growing together. Interstate 75 is one of the drivers of the growth and has been a magnet for business parks and the new hospital, creating jobs and business opportunities for the region...
August 25, 200816 yr The article also has a link t this story: Growth in Warren Could Bring 6,000 Jobs ...it looks like there's hope that booming Warren could be the job center for unemployed Dayton and Wilmington folk. What's interesting is that the driver seems to be build-out closer in, in the Westchester area, so extensive logistics/industrial stuff has to move further north....which tells you that its the Cincy economy that's driving development.
August 25, 200816 yr It will be a local interchange integrated with the existing I-75/Butler County Hwy interchange, north of Tylersville Rd and south of Big Jesus. Real exciting stuff.
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