business

Tens of billions of dollars in investment could be coming to northeast Ohio and the surrounding region in the next five years in the polymer, plastics and paint industries

Michael Keating / WVXU

It was a good year in 2017 for startups in Ohio. According to VentureOhio, more than $470 million in venture capital was invested statewide. So how is the Cincinnati startup market looking in 2018? We've seen strong growth in recent years with an explosion of craft breweries, tech startups, and a dozen business accelerators to help incubate and launch new ventures. But has the market slowed?

Social Enterprises Starting To Grow In Russia

May 8, 2018
Impact Hub in Moscow

Social enterprises utilize a combination of for-profit and non-profit-based methods for improving society. Rather than depend on charitable donations, they rely on the income earned from sales or services. And they reinvest income to maintain long-term financial sustainability. This model has become popular in several cities throughout the United States, including here in Greater Cincinnati.

But can social entrepreneurs and social enterprises be successful in Russia?

A proposed law that would seek to stop discrimination for LGBTQ people is seeing a new wave of support. Business groups say sexual orientation and gender identification should be considered protected classes in Ohio.

Employers could be getting a big rebate if the Board of Directors for the Ohio Bureau of Worker’s Compensation approves it. 

Business groups are calling on lawmakers to pass a bill that would add sexual orientation and gender identity as protected classes in discrimination laws. The coalition of companies sees added benefits going beyond civil rights.

The number of African American-owned businesses has fallen sharply in Yellow Springs from its peak four decades ago. Only a handful remain in the village.

Antioch College History Professor Kevin McGruder credits some of the shift to rising college-graduation rates among many blacks in Yellow Springs.

"So, as black people have had access to more college they seek more opportunities and jobs they can get with those degrees than in opening up a store," McGruder says.

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The Northern Kentucky Chamber of Commerce Women’s Initiative Annual Breakfast takes place next Wednesday, January 24. Dr. Debra Clary, corporate director for the Leadership Institute at Humana, Inc. will be the keynote speaker at the breakfast, one of the largest professional development and networking events of the year

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After making partner at an accounting firm at the age of 32, Amy Vetter says she had an inner crisis on whether that was the right career path for her. Turning to yoga, she began exploring her values and creativity to reshape her outlook on work and life.

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Covington has been busy expanding its business base by using incentives and local amenities to attract companies from both inside and outside the region. One example is pharmaceutical and biotechnology company CTI, which recently relocated its headquarters from Blue Ash to Covington.

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Next week is Canada Week in Kentucky

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In today’s fast-paced world, efficiency is key to success in the workplace. 

The massive renovations to Memorial Hall (next to Music Hall on Elm Street) are almost complete and the building will come alive starting Thanksgiving weekend. 

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Known for its panoramic view of downtown Cincinnati, the Metropolitan Club is a renowned private business club that has brought together diverse members throughout the years. 

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You’ll find feathers, paint, wood chips, natural materials, yarn and more at Indigo Hippo, a first-of-its-kind creative reuse center located in Over-the-Rhine. The items are donated, cleaned up and sold at affordable prices so that anyone – students, artists and community members alike – can utilize art supplies. This is also good for the environment, as these items stay out of the waste stream.

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Change can be difficult. What's true on the personal level is especially true at the business level where 70 percent of efforts to change fail. Authors Lisa Hillenbrand and Ellen Auster say change is one of the most critical and one of the most difficult challenges businesses face.

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  The National Cooperative Business Association has identified about 29,000 co-ops in the United States, employing more than 2 million people and generating more than $650 billion in revenue each year. Co-ops offer a wide range of goods and services, including childcare, healthcare, food and housing. Advocates point to them as a way to change the economic landscape of struggling communities.
 

Here  to discuss the potential of cooperatives, how the co-op movement is growing in Cincinnati and an upcoming conference at Xavier University on the cooperative economy are Director of Interfaith Business Builders Tim Kraus; founding member and President of Cincinnati Union Cooperative Initiative, Kristen Barker; and Professor of Community Justice and Social Economic Development in the Department of Africana Studies at John Jay College, City University of New York, Jessica Gordon Nembhard.

Xavier University will host The Cooperative Economy:  Building A Sustainable Future,  April 21-22 at the Cintas Center.  Click here for more information.

Reclaiming Conversation

Mar 15, 2016
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Media scholar and MIT professor Sherry Turkle has spent thirty years studying the psychology of our relationship with technology. In her book, RECLAIMING CONVERSATION: The Power of Talk in a Digital Age, she shows how a flight from conversation undermines our relationships, creativity, and productivity, and why reclaiming face-to-face conversation can help us regain lost ground. We recently talked with Sherry Turkle about the importance of conversation in our digital world. 

Today is Lunar New Year, the first day of the lunar calendar, celebrated by those who are Chinese, Vietnamese, Korean and of other ethnicities. The holiday, which lasts 15 days, brings families together in celebration. The Greater Cincinnati Chinese Chamber will host a Lunar New Year Gala on Friday, February 12, featuring vocal, dance, drum and Chinese instrumental performances. The organization’s goal is to bridge the gap between business communities of Greater China and of Greater Cincinnati, and to promote more Asian-American diversity.

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In his new book, “CEO Power & LightMelink Corporation founder and CEO Steve Melink makes the case that sustainability and clean energy are natural extensions of being respectful and honest toward others.

PR Newswire

The president of West Chester-based AK Steel is retiring. James Wainscott has been with the company since 1995 and was named Chief Executive Officer in 2003. A company release says he'll stay on as Chairman of the Board of Directors after his retirement January 1.

Roger Newport will take over as CEO. He first joined AK Steel in 1985. Kirk Reich will serve as President and Chief Operating Officer.

  The American Can Company Building in Northside, built in 1921, sat for years, vacant or nearly vacant, subject to decay and vandalism. But the building, listed on the National Register of Historic Places, has undergone a complete transformation over the last decade, and now houses apartments and commercial space. 

This morning Frisch's Restaurants Inc. announced the company is being sold to a private equity fund. Frisch’s hopes the deal will be finalized by September. Joining us for a quick update on the story is WCPO digital reporter Dan Monk

  Domestic violence not only takes a toll on its survivors, according to a 2013 report in Forbes, it is also responsible for an estimated $8.3 billion in medical and lost productivity costs each year in the United States. The YWCA Domestic Violence Employer Assistance Program was designed to support businesses who learn of an employee struggling with domestic violence.

Bill Rinehart / WVXU

The relationship between the nation's largest supermarket chain and a market researcher is about to become tighter. 

Cincinnati based Kroger and dunnhumby Ltd. are replacing their current joint venture with a new agreement.  The grocery store company will also buy certain assets of dunnhumbyUSA, and operate under the name 84.51° with 500 current dunnhumbyUSA employees in Cincinnati. Those employees will become associates of 84.51°, a wholly-owned subsidiary of The Kroger Co.

The Northern Kentucky river cities of Ludlow, Covington, Newport, Bellevue, and Dayton are experiencing an urban revival with new residents and businesses moving into the city cores.

As they have become increasingly involved with information technologies and initiatives over the last decade, accountants and other financial professionals have shifted from being background statisticians to corporate strategists and are relied upon more to provide big-picture thinking and business forecasting.

Provided / The Catalytic Fund

A Northern Kentucky revitalization agency is just the third in Greater Cincinnati to earn a federal financing certification.

Development Services Manager Tara Ford says the Catalytic Fund is now a Community Development Financing Institution (CDFI).

Standard Register is being delisted by the New York Stock Exchange.

The move comes after the Dayton company failed to maintain standard listing requirements for 30 consecutive trading days. Those requirements include maintaining an average global market capitalization of at least $15 million.

In a statement, the company says it does not plan to appeal.

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