economic development

Provided / Site Selectors Guild website

What's described as the Super Bowl of economic development is coming to Cincinnati starting next week.

Cincinnati Department of Community and Economic Development / Provided

Cincinnati's Department of Community and Economic Development is out with its 2016 Annual Report. 

Director Oscar Bedolla says the city saw more than $440 million in total investment last year.

Cincinnati officials are continuing work to update the economic incentives used to get companies to locate or expand in the city.  An outside consultant has spent nearly a year reviewing those policies and has provided city leaders with a more than 150 page report.

Bill Rinehart / WVXU

Chris Monzel says the state of the county is strong.  The Hamilton County commission president delivered the annual State of the County address Thursday. 

Provided / Game Day PR

A large mixed-use development opening next month in Butler County is likely to bring customers from all over the region. The $350 million Liberty Center is located at the 1-75 and State Route 129 interchange.

Bill Rinehart / WVXU

The new Incline Theater in East Price Hill is ready to open. The first performance is scheduled for next week. The $6 million project is being hailed as energizing the entire neighborhood.

Provided / REDI Cincinnati

REDI Cincinnati's annual report is out, and the economic development agency says it helped create and retain 8,428 jobs in Ohio in 2014.

Regional Economic Development Initiative president and CEO Johnna Reeder says the agency helped "land 222 projects in 2014. That is almost 15,000 new jobs in the region and $2.8 billion in capital investment."

Wikimedia Commons, Len Rizzi (photographer)

 

Jay Hanselman

There is a new plan to redevelop the old Pogue's garage at the corner of Fourth and Race in Downtown Cincinnati.  

Final development details were worked out over the weekend and the full city council could approve the deal Wednesday.  

The proposal calls for 3CDC to build and operate a 925-space parking garage with 25,000 square feet of street level retail space.  

Provided, City of Cincinnati

NOTE: This program originally aired April 9, 2014.

NOTE: This program originally aired on April 9, 2014.

Cincinnati officials often get many questions about offering tax breaks and incentives to companies to bring jobs and businesses to the city.  

Council's Rules and Audit Committee got an overview Tuesday of such programs and the results.  

Jeff McElravy is the Interim Director of the city's Trade and Development Department.  He described the balance with offering company's job creation tax credits.

Jay Hanselman

Catholic Health Partners is going to build a new facility in Bond Hill and the decision will bring about 1,000 new jobs to the neighborhood.

CHP will be combining employees currently working at four different locations in the new 350,000 square foot facility.  It will be located at the former Showcase Cinemas site.  It’s expected to be open in the second quarter 2016.

GE

Cincinnati Mayor John Cranley will not confirm media reports General Electric plans to locate its U.S. Global Operations Center and 1,400 new jobs at The Banks development.  

Cranley was asked about the issue Thursday during a press conference on another topic.  Cranley said reporters should write stories once GE makes its official announcement.

  Sporting events such as the Western & Southern Tennis Tournament, the Flying Pig Marathon, and the NCAA Hockey Regionals are not only big draws for participants and fans, they are also powerful economic generators for the region, bringing millions of dollars into Greater Cincinnati each year.

  The Center for Economic Analysis and Development (CEAD) at the Northern Kentucky University Haile/US Bank college of Business tracks and analyzes local, state and regional business, economic and demographic information in order to provide a clearer understanding of our area’s current economy. CEAD Senior Director Janet Harrah and local financial advisor Chris DeSimio  go over the latest numbers, and what they mean for our region’s future growth.

Jay Hanselman

Cincinnati Council's Budget and Finance Committee holds one of its last scheduled meetings Tuesday before a new mayor and council take office on December 1st.  The group faces a busy agenda since many sessions in September and October were canceled.

The group is expected to approve several incentives packages that will bring new jobs and new housing to the city.  

Cincinnati Council will likely approve a parking lease in a few weeks that will allow UC Physicians to bring about 40 new jobs to the city.  

Bill Fisher with the city’s economic development division said the firm wants to consolidate all its administrative functions in one location.  UC Physicians has a building at Madison and Victory Parkway.  

But Fisher said it lacked enough parking.  

Kentucky Office of Creative Services

Automotive supplier Mubea  cut the ribbon on its new manufacturing facility in Boone County today.  The  $60 million investment will lead to the creation of about 150 jobs. 

Governor Steve Beshear and Northern Kentucky officials joined the company and its employees for the ceremony.

Xavier University

Other than our former police chief, what does Detroit have that we don’t have? A group of Cincinnati leaders traveled to Detroit to get ideas from the city determined to pull itself up and out of bankruptcy. Sean Rhiney, director of The Eigel Center for Community-Engaged Learning at Xavier University, was part of the expedition and wrote about it for Soapbox Cincinnati.

Cincinnati is offering Pure Romance more than $850,000 in tax credits to move its company headquarters from Loveland to Downtown.  

City Council will vote on the deal Wednesday.

In return the city will get nearly $3.4 million in payroll taxes during the 10 year deal.  Pure Romance will bring 88 jobs to the old Delta building at the corner of Plum and Seventh Streets.  That number will likely increase to 126 employees in about three years.

Interim Economic Development Director Jeff McElravy presented the details Tuesday to a Council committee.

Cincinnati's economic development director is leaving for a job in Detroit.  

Odis Jones' last day will be July 12th.   He’s accepted a position with the Detroit Public Lighting Authority.

Cincinnati Council could vote this week on an alternate financing plan to redevelop the old Pogue’s garage at the corner of Fourth and Race downtown.

Developer David Flaherty, who’s company is planning the project, told city council’s budget and finance committee it would do several things.

Correction:  Walnut Street and East 15th Street are in Over-the-Rhine not Walnut Hills as original story indicated.

Cincinnati Council will vote Wednesday on plans to provide tax breaks for neighborhood projects in Walnut Hills and Linwood.  

The Walnut Hills project calls for adding 24 market rate rental units and two commercial spaces in buildings located on Walnut Street and East 15th Street.  

The developer said right now the structures are uninhabitable.  The total construction cost for this project is about $432,000.

WVXU

An 11-mile walking and biking trail is the centerpiece of a new economic development plan unveiled Thursday for Northern Kentucky's riverfront.  Southbank Partners President Jack Moreland says Riverfront Commons would link six cities from Fort Thomas to Ludlow as part of Imagination 2020.

He says the trail would use a series of intersections called nodes to connect with places in each community.

Cincinnati Council is expected to vote Wednesday to approve the city’s first comprehensive plan in more than 30 years. 

The Livable Communities Committee approved the proposal Monday night. 

The document has been in the works for more than 3 years and focuses on what the city will look like in the future.  Specifically it has strategies that for the first time focus on economic development activities in the neighborhoods. 

Planning and Buildings Director Charles Graves described the plan this way.

The Greater Cincinnati Port Authority is working to finalize a strategic plan that will guide its work for the next two years. 

Executive Director Laura Brunner presented the proposal Tuesday to City Council’s Strategic Growth Committee. 

She said some may be surprised the plan is only for two years instead of a longer period.

Cincinnati Council will vote Wednesday on more than $13 million of funding assistance for two economic development projects in Over The Rhine. 

The Budget and Finance Committee approved the items Tuesday.

3CDC is seeking help for the continuing work on Mercer Commons and Gateway V.  Both developments include housing and retail space.

Council Member Chris Seelbach cast a no vote on a portion of the funding because of the process.

Cincinnati leaders could be providing nearly $8.5 million to the Port of Greater Cincinnati Development Authority to assist with an economic development project in Bond Hill. 

The group has an agreement to buy the former Jordan Crossing complex at Reading and Seymour Roads and turn it into a mixed use development. 

Laura Brunner with the Port said the process is starting with a study.

Pages