August 25, 200816 yr it looks like there's hope that booming Warren could be the job center for unemployed Dayton and Wilmington folk. Perhaps, but for now, local chamber of commerce bullsh*t. Anecdotally, I have to say that the job market here in Warren sucks and it has to improve. My wife had repeatedly tried to find skilled industrial or clerical work with benefits, to get away from the place she's at now, and everything she found locally were small cheap stupid businesses paying $8-9/hr with no benefits. And this was a few years ago, 2006 or so when the economy seemed good. At least she didn't leave the place she's at now to work at Airborne. (I am in IT and rather specialized - I gave up on the freaking local market 10 years ago.)
August 25, 200816 yr Author They have to be careful with all the distribution centers they are making. Diesel is already $4.50 a gallon. I know Cincinnati is a hub and all, but the cost of transportation is skyrocketing. Some of these buisneess may not be able to survive. And what you may see is miles and miles of empty warehouses in the not too far distant future. Although they could expand more rail to the area east of I-75.
August 25, 200816 yr Kimm Coyner, economic development director of Warren County, has a number of enemies in the county and is totally loathed by many residents. But she is the bull-dog hand picked by one of the county commissioners to get jobs, no matter how low they pay. The commissioners ran on a pro-jobs platform, and have to show the voters some numbers. I think the distribution angle is the wrong approach for the area, but it's the quick and easy one for the economic developers. It doesn't take much effort to steal a distribution center or trucking company from a near-by community using tax abatements. But it takes talent to bring in $60k+ professional jobs. I've seen no evidence of such talent in the area economic directors. (What do most DC (distribution center) jobs pay? about $24k-30k/yr.)
August 25, 200816 yr "To the extent that the growth in Warren County creates new jobs and business opportunities, it's very positive for the entire region," Tuss said" To me this is the money quote. How much of this development is creating 'new jobs' and not just taking from another part of the metro. Plus, is filling up on distribution jobs really a sustainable economy? $10 to $12 dollar an hour jobs won't buy a lot of San Mar Gale homes or provide buying power at an 'upscale Liberty Town Center'. It just seems that a lot of this suburban growth is at the expense of other parts of the metro and what new jobs they are attracting don't pay that great.
August 25, 200816 yr What businesses are going to fill these warehouses in Monroe though, other than Home Depot's Rapid Deployment Center? I have another one on my desk that is going up down the road from Vandecar (west of 75) that is equal in size, yet no tenant on the plans. They will certainly have the buildings to house this many workers but, they seem to be missing the most crucial part. What companies??????
August 25, 200816 yr What businesses are going to fill these warehouses in Monroe though, other than Home Depot's Rapid Deployment Center? I have another one on my desk that is going up down the road from Vandecar (west of 75) that is equal in size, yet no tenant on the plans. They will certainly have the buildings to house this many workers but, they seem to be missing the most crucial part. What companies?????? Actual companies, just a minor side note!!!!! I have notice some new vacant office/industrial buildings in the Liberty area that have not found tenants for a year or more now. They will continue to build until they or the bank runs out of money.
August 25, 200816 yr O’Gara files for $173 million IPO, plans acquisitions The O’Gara Group Inc. is planning a $173 million initial public stock offering with plans to more than quadruple its size by making three major acquisitions with the money it raises. O’Gara, a Sycamore Township-based maker of armored cars and military security systems, filed plans for the IPO with the Securities and Exchange Commission on Friday. It expects to trade on NASDAQ under the ticker symbol OGAR. O’Gara plans to use much of the offering’s proceeds to complete acquisitions it has in the works, it said in the filing with the SEC. It has pending deals to buy three companies for a combined $232 million, with plans to complete those acquisitions at the same time the IPO gets done. Read full article here: http://cincinnati.bizjournals.com/cincinnati/stories/2008/08/25/daily7.html
August 27, 200816 yr Cincinnati’s jobless rate second-lowest among Ohio metros Greater Cincinnati’s unemployment rate jumped over the past month and year, but it’s still one of the lowest among Ohio’s metro areas, according to the U.S. Bureau of Labor Statistics. The Cincinnati-Middletown metropolitan statistical area had a jobless rate of 6.4 percent in July, up from 6 percent in June and 5.1 percent in July 2007, according to a news release. Read full article here: http://cincinnati.bizjournals.com/cincinnati/stories/2008/08/25/daily29.html
August 29, 200816 yr Attracting, retaining YPs crucial to regional economy Business Courier of Cincinnati - by Nancy Zimpher For nearly 25 years the Cincinnati USA Partnership and Cincinnati USA Regional Chamber have aggressively marketed our region to economic development decision-makers as a great place to do business. While this work essentially targets the attraction and retention of companies and their investment, another crucial audience of decision-makers needs our immediate attention. Our economic future and overall vitality also rely on showing young professionals that Cincinnati is a terrific place to live, learn, work, play and stay. The talent base is often the first factor cited by business leaders with respect to strengthening our region, and the “knowledge economy” might be the major reason. Cultivating the next generations of workers is more compelling than ever given the swift transformation of how business is done. Read full article here: http://cincinnati.bizjournals.com/cincinnati/stories/2008/09/01/editorial3.html
September 12, 200816 yr Hot-growth Web company ready to expand at new HQ INET Interactive adds magazine, conference so far in ‘08 Business Courier of Cincinnati - by Laura Baverman The owner of two of the Web’s most trafficked sites for Internet business professionals has moved to West Chester with plans to grow its online holdings and its local staff. Launched in 2005 from Dayton incubator The Entrepreneurs Center, INET Interactive operates 13 advertising-supported social networking sites targeted to Internet professionals and technology enthusiasts with interests in search marketing, Web hosting, Web design and development and hardware. It expects to grow to $10 million in revenue by 2010 by expanding sites like WebHostingTalk.com and HotScripts.com, and acquiring new ones. The company’s 2007 revenue was $2.8 million, according to this year’s Inc. 5000 list of fastest-growing private companies. INET ranked No. 3,533. Read full article here: http://cincinnati.bizjournals.com/cincinnati/stories/2008/09/15/story11.html
September 15, 200816 yr Xpedx to open print technology center in Loveland Print supplies distributor Xpedx will open a technology center at its North American headquarters in Loveland that will allow printers to test and purchase new equipment and technologies, the company said Monday. At the center, printers will be able to evaluate pre-press, press and post-press equipment and software in a “live” print production setting, according to a news release. It will offer products from Ryobi, Kodak, Epson and Konica-Minolta, among others. Read full article here: http://cincinnati.bizjournals.com/cincinnati/stories/2008/09/15/daily7.html
September 30, 200816 yr Casual concept back at historic Rookwood Pottery site http://www.soapboxmedia.com/devnews/rookwood0930.aspx Looking to restore the casual bar and restaurant concept that filled the old Rookwood Pottery, the Boss Group has held a soft opening for the Rookwood Bar & Restaurant at 1077 Celestial Street in Mount Adams. The owners are awaiting the approval of a new liquor license, which will allow them to open for full service, Tuesday through Sunday. In the meantime, they have been open for lunch while refining the operation of their scratch kitchen. The 12,492-square-foot space was formerly occupied by Porkopolis, which closed in June after its lease expired. "History's really important to us," says Joe Creighton, one of the restaurant’s owners. "We couldn't pass it up." The restaurant features a new front and back bar, oak-finished floors, and paint colors picked to match a specific piece of Rookwood pottery. Eventually, the vision is to create a cool, industrial New York feel. "We were looking to mix a little history in with some young energy," says business partner Lance Frye.
September 30, 200816 yr ^ I was wondering about this place. I saw that it was purchased by the "Bang Boys."
September 30, 200816 yr Downstairs, the owners plan a speakeasy-styled bar space called 'The Parliament', and, this winter, they'll begin construction on a two-tiered outdoor deck that will feature a fire pit built from stone from the foundations of the Mount Adams Incline. Televisions installed behind the bar will display Cincinnati history, one of Creighton's passions. "A lot of people don't know where they came from," he says. "If they did, they might be proud of where they came from." Very cool. And I love that last line...it's so true.
September 30, 200816 yr Chinedum Ndukwe was on the Bengal's Report, and he is actually a partner in this venture. He spoke for a while and is now my new favorite Bengal, not that its hard thing to do.
October 1, 200816 yr ^ Its the old rookwood building in Mt. Adams not the new studio or factory in OTR
October 7, 200816 yr Medpace eyeing Madisonville By Mike Boyer, Cincinnati Enquirer, October 7, 2008 Medpace Inc., a growing Norwood contract drug development company, has agreed to create up to 1,300 new jobs in the City of Cincinnati, pending City Council approval Wednesday of a tax incentive package. The company said this afternoon it has agreed to relocate to a new office campus on the former NuTone Inc. site in Madisonville, relocating about 600 it now employs in Norwood and creating an additional 700 new jobs by 2014.
October 7, 200816 yr I was hoping against hope that Medpace would end up downtown somehow. Oh well. Madisonville is better than Blue Ash.
October 8, 200816 yr Wow, another big blow for Norwood, I am glad to see them headed to Cincinnati though!
October 10, 200816 yr If anyone can survive a loss like that its Norwood. They are obviously well versed. Right on Rando.
October 10, 200816 yr Another example of business poaching. What a waste of resources. This makes me sick.
October 10, 200816 yr Author Didn't Norwood take Cincinnati bell jobs from Cincinnati? I think so. So the city of Norwood shouldn't complain. The two just needs to merge already.
October 10, 200816 yr Hey, at least they are staying within the county!!! Yes that's great...and probably the same people that worked at the Norwood office, will probably work at the Cincinnati office. Creating a net result of no new tax dollars, jobs, or wages for the region. What did happen though is that the taxpayers helped fund the fruitless move.
October 14, 200816 yr Area Development Resists Tug From Sagging Economy Despite Downturn, New Projects Remain On Track http://www.wlwt.com/money/17715058/detail.html?rss=cin&psp=news
October 14, 200816 yr Like Christmas in October!! Greensburg Honda Plant Provides Big Boost To Local Economy Plant To Produce All Three Styles Of Honda's Civic Vehicle http://www.wlwt.com/money/17715471/detail.html?rss=cin&psp=news
October 22, 200816 yr Dunnhumby chooses downtown HQ site DunnhumbyUSA has selected 444 W. Third St. as the location of its new headquarters, leasing a 100,000-square-foot space to accommodate more than 500 employees. The Courier reported in June that the fast-growing market research firm, a joint venture between Kroger Co. and U.K.-based Dunnhumby, was weighing a late 2009 move into new office space. Dunnhumby employs nearly 300 at its 302 W. Third St. headquarters and operates satellite offices in Atlanta, Chicago and Minneapolis to serve large clients like Home Depot and Macy's. Revenue has grown from $20 million in 2004 to $150 million in 2007. Read full article here: http://cincinnati.bizjournals.com/cincinnati/stories/2008/10/20/daily38.html
October 31, 200816 yr Terrace Hotel closes abruptly Guest told building needs restoration By Alex Shebar • [email protected] • October 31, 2008 DOWNTOWN - The Terrace Hotel at 15 W. Sixth St. will close today - news announced to the staff and patrons only Thursday afternoon. General Manager George Kopack confirmed the hotel was closing, but had no further comment about why. He also had no comment about what would happen to people's future reservations for rooms and functions. ... http://news.cincinnati.com/article/20081031/NEWS01/810310413/1055/NEWS
October 31, 200816 yr I never understand why these sorts of things seem to just happen out of the blue. What a terrible way to run a business.
October 31, 200816 yr Usually, it is because their line of credit dried up and the owners keep believing that tomorrow the next loan would come through and then it didn't.
October 31, 200816 yr Smucker plans Cincinnati expansion, after Folgers deal complete Business Courier of Cincinnati - by Lisa Biank Fasig The J.M. Smucker Co., which is in the midst of acquiring the Folgers coffee business from Procter & Gamble Co., is looking to expand in Cincinnati and said it plans to maintain a portion of its coffee workers here, while relocating others to its Orrville, Ohio, headquarters. The maker of jams and jellies said it is also in the process of acquiring the Clock Tower at Ivorydale, where its local Crisco operations are based, but not for the purpose of housing Folgers employees. Read full article here: http://cincinnati.bizjournals.com/cincinnati/stories/2008/10/27/daily74.html
October 31, 200816 yr Is this really a surprise? They obviously didn't plan on keeping it open. When was the last time this hotel was updated? I also don't think that property will sit vacant long.
October 31, 200816 yr Twin Rivers is also doing a 15 mil expansion nextdoor! Current pic and website info here! http://www.urbanohio.com/forum2/index.php/topic,17516.0.html Things look good for the Mill Creek Valley.
November 7, 200816 yr Hobsons moves HQ to Cincinnati, plans to hire up to 50 Business Courier of Cincinnati - by Laura Baverman Fast-growing educational technology firm Hobsons has moved its headquarters to Cincinnati from the United Kingdom. It also named Craig Heldman, managing director its Sharonville office, as CEO. The changes come as the majority of the firm’s business shifts to the United States and its local enrollment management technology division grows market share. Read full article here: http://cincinnati.bizjournals.com/cincinnati/stories/2008/11/10/story5.html
November 7, 200816 yr So it sounds like they have an office in Sharonville? Im assuming this is where the headquarters will stay. Good news.
November 15, 200816 yr Bed tax brings in $3.45M http://news.cincinnati.com/article/20081113/NEWS0108/811130347/1169/NEWS There is one bright spot in Hamilton County's bleak economic outlook: tourism. Even as the economy goes south, people are still traveling to Hamilton County for events and conventions. ...
November 21, 200816 yr Honda to build natural-gas cars at new Indiana plant Greensburg-built Civic GX would become first of its kind http://cincinnati.bizjournals.com/cincinnati/stories/2008/11/24/story11.html In dedicating its new Indiana plant this week, Honda Motor Co. Ltd. officials also announced the facility will begin producing a compressed natural gas-powered car next year. The automaker said its Greensburg-based Honda Manufacturing of Indiana LLC arm, which began production in October, will turn out a natural-gas-powered vehicle dubbed the Honda Civic GX next year. ...
December 12, 200816 yr Cincinnati commercial developers shedding jobs With fewer commercial real estate deals, firms start layoffs Business Courier of Cincinnati - by Laura Baverman A sheet of paper on Sean McGrory’s desk reminds him in large block letters that “Cash is King.” As commercial real estate deals dry up across the Tri-State, McGrory, CFO for Miller-Valentine Group, and executives at companies throughout the industry are navigating through the tough times by finding ways to do more with less. Some of the region’s largest real estate developers have announced layoffs in the fourth quarter. Miller-Valentine cut its 850-employee work force by 3 percent. A representative for Al Neyer Inc. declined to share specific figures but said it reduced the size of its support and design/build staff. Two national firms with large local presences announced staff reductions: Chicago-based First Industrial Realty Trust laid off 150 employees nationwide, and Denver-based ProLogis announced it would cut general and administrative spending by 20 percent to 25 percent. Minneapolis-based Opus Corp. closed its local office. Read full article here: http://cincinnati.bizjournals.com/cincinnati/stories/2008/12/15/story4.html
December 19, 200816 yr Cincinnati has long, storied history in advertising One veteran wants a museum to celebrate it Digital marketing guru Pete Blackshaw wants to establish a museum that would chronicle Cincinnati’s role in the development of the advertising industry. It’s still at an early stage. But plans call for the Cincinnati Museum of Advertising to focus on the branding and product-design capabilities that flourished here, thanks to steady work from companies like Procter & Gamble Co., Crosley Corp., U.S. Playing Card Co. and Kenner Products. “Clearly, Procter played an unmistakable role in the transition from radio to television and, now, television to digital,” said Blackshaw, executive vice president for Nielsen Online Digital Services. “When you tell people that advertising started here, particularly people from the coasts, at first they don’t believe you. But there’s no spin here, no hyperbole. It’s true.” Read full article here: http://cincinnati.bizjournals.com/cincinnati/stories/2008/12/22/story2.html
Create an account or sign in to comment