economic development

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.

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