economic development

  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.

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