Columbus
Cincinnati Business Courier
Macy's plans to open new Cincinnati-area store
After years of closing Cincinnati-area department stores, Macy's Inc. is opening a new local location.<\p> According to an official with the Norwood Building Department and permits filed in Hamilton County, a Macy’s is heading to the former Bed Bath & Beyond space in Rookwood Commons, at 2719 Edmondson Road.<\p>
Skyline CEO on Bengals deal: ‘They were the one hole in our portfolio'
The relationship between the Williams family and the Cincinnati Bengals dates back decades to the team’s founding in 1968, so when Dick Williams took over as Skyline Chili’s CEO, he wanted the two Queen City institutions to be partners.<\p> Williams’ grandfather was an investor with the Brown family, which owns the Bengals, when founder Paul Brown brought the expansion franchise to Cincinnati. His uncle, Thomas Williams, also has a long-term relationship with the Browns.<\p>
Q&A: Skanska executive a fan of national parks, premium ice cream
The following Q&A is a supplement to the Courier's 2023 Forty Under 40 awards. See the full list of winners here.<\p> Chris Soto, 40, is a project executive with Skanska USA Building Inc. <\p>
Fifth Third enters new market
One of the largest banks in the country has entered an Alabama market for the first time.<\p> Downtown Cincinnati-based Fifth Third Bank (Nasdaq: FITB), the largest locally based bank and the nation’s 11th-largest U.S.-based consumer bank, established a commercial banking team in Birmingham. <\p>
Study: This industry has multibillion-dollar impact on Cincinnati
The nonprofit sector of Greater Cincinnati and surrounding regions generated a total economic impact of $2.9 billion in just one year, according to study released July 11.<\p> The study considered 312 nonprofits in Southwest Ohio, Northern Kentucky and Southeast Indiana and was conducted by the University of Cincinnati’s Alpaugh Family Economics Center. It assessed the nonprofit sector’s fiscal impact on the Greater Cincinnati area in 2022.<\p>
Local brewery rolls out new food concept complete with hot dot flights
Fairfield’s first brewery is announcing the launch of a new hot dog stand concept.<\p> On July 12, Swine City Brewing is introducing Underdog’s Almost Famous Wieners. The restaurant concept is owned by the brewery, which is located at 4614 Industry Drive, and will operate out of its kitchen.<\p>
Five things you need to know today, and a pricey hobby
Good morning, Cincinnati! Who still hears the aftermath of leftover fireworks at night? Well, time to wake up, here are the five business stories you need to know to start your day: <\p> Cincinnati/Northern Kentucky International Airport has approved an environmental study for its Hangar Row development. The development could create an ecosystem of businesses, increase the airport’s value to carriers and lead to more nonstop destinations, Chris Wetterich reports. The environmental assessment will take about 18 months to complete. <\p>
New $17M residential development starts in Mason
Christian Village at Mason recently broke ground on Sunrise Vista, a senior living development next to its 75-acre community in Mason.<\p> Sunrise Vista is designed to meet the rising demand for independent living homes among senior adults in Greater Cincinnati. The development will include 24 independent living homes with modern finishes and a large clubhouse for gatherings and dining. In total, the project is an investment of $17 million.<\p>
One of Cincinnati’s largest accounting firms gets new name amid growth
Accounting firm Burke & Schindler has changed its name in the wake of the retirement of one of its partners while the firm has experienced explosive growth in a key business unit. <\p> All of that is taking place as the East End-based CPA firm celebrates 40 years since its humble beginnings when Pat Burke launched it in Hyde Park.<\p>
Findlay Market concept to close, new bar planned
A Findlay Market comic book store and bar is transitioning into a new concept.<\p> Cincinnati-based entertainment company Gorilla Cinema first opened Cosmic Gorilla in 2021 at 1834 Race St. with a comic book shop in the front and a bar in the back.<\p>
Local hospital foundation CEO to exit
TriHealth’s Good Samaritan Foundation announced the exit of Mary Rafferty, its longtime CEO and president.<\p> Rafferty, who began serving patients at Good Samaritan Hospital in 1987, was appointed president and CEO of the Good Samaritan Foundation in 2001. She will retire at the end of the calendar year.<\p>
CVG takes next step for proposed Hangar Row project
Cincinnati/Northern Kentucky International Airport has awarded a contract to do an environmental assessment of its planned, job-creating Hangar Row development.<\p> Hangar Row’s goal is to develop an ecosystem of businesses dedicated to maintaining and upgrading aircraft, a key part of CVG CEO Candace McGraw’s vision of the airport being an economic development engine in addition to a transportation asset. <\p>
One of the region's big consumer shows heads to new location
After months of looking for a new, permanent home to replace the Duke Energy Convention Center, the Greater Cincinnati Holiday Market will decamp for the suburbs for 2024 and 2025, owner Marketplace Events announced. <\p> The show and its small vendors will make do in the Sharonville Convention Center from Nov. 8-10, but it will likely mean between 50% and 60% of vendors get slots, said Tom Baugh, vice chairman of Marketplace Events. The space allocated for them will be smaller as well.<\p>
Former Secret Service member opens coffee shop, wine bar in suburb
A former Secret Service member recently opened a new coffee shop with his partner in West Chester Township.<\p> Cafe Vino & Espresso, located at 8095 Beckett Center Drive, quietly opened its doors in April. <\p>
Law firm names partner-in-charge of downtown office
A downtown Cincinnati law firm has named a new lead partner for its local office.<\p> Sue Cliffel began serving as Porter Wright Morris & Arthur LLP’s new Cincinnati partner-in-charge effective June 17. She succeeds Brian Augustine, who was with the firm for eight years and served as partner-in-charge for six months before leaving to pursue another opportunity at another local firm.<\p>
Five things you need to know today, and my eyes deceive me
Good morning, Cincinnati. Welcome to Wednesday. Here are the five business news stories you need to know to kickstart your day:<\p> Lance Kwasniewski had hoped to find a buyer for Blue Ash-based Belcan sooner than mid-2024, but Covid-19 delayed any major M&A plays. The firm’s announced sale in June to publicly traded Cognizant for an estimated $1.3 billion sum makes it seem worth the wait. The deal represents a “great opportunity” for Belcan, a digital engineering firm – and one the region’s largest private companies – to expand, Kwasniewski said. The nine-year-tenured CEO, who has spent more than 26 years with the company, sat down for an exclusive interview with the Courier following the news.<\p>
Kroger identifies 579 stores it will sell as part of Albertsons deal
Kroger Co. has identified the 579 stores it plans to sell to C&S Wholesale Grocers in an effort to get antitrust regulators’ approval for its $24.6 billion acquisition of Albertsons Cos.<\p> Downtown Cincinnati-based Kroger (NYSE: KR), the nation’s largest operator of traditional supermarkets, notified employees Tuesday, July 9, and revealed the list of stores to be sold. The transaction with C&S is contingent on completion of Kroger’s purchase of Albertsons. <\p>
Recreational weed sales could be just weeks away in Cincinnati
The first legal recreational marijuana sales in the Greater Cincinnati area could be just weeks away.<\p> Courtney Pavlak is the regional operations manager for local medical marijuana company UpLift, which has two locations in Milford and Mount Orab.<\p>
Agency hits Fifth Third Bank with multimillion-dollar fine
The Consumer Financial Protection Bureau (CFPB) has filed orders that would require Fifth Third Bank to pay $20 million in fines for creating fake customer accounts and, separately, for charging unnecessary fees to car loan customers.<\p> Downtown Cincinnati-based Fifth Third (Nasdaq: FITB), the largest locally based bank and the nation’s 11th-largest U.S.-based consumer bank, reached a settlement agreement with the bureau saying it would pay the fines to resolve CFPB litigation it faces regarding its sales practices and a CFPB investigation into its auto financing service activities, the bureau said in a news release.<\p>
Cincinnati Business Courier
7K+
Posts
1M+
Views
The Cincinnati region's source for local business news, breaking news alerts, newsletters, business intelligence and local business networking. An American City Business Journals publication.
Welcome to NewsBreak, an open platform where diverse perspectives converge. Most of our content comes from established publications and journalists, as well as from our extensive network of tens of thousands of creators who contribute to our platform. We empower individuals to share insightful viewpoints through short posts and comments. It’s essential to note our commitment to transparency: our Terms of Use acknowledge that our services may not always be error-free, and our Community Standards emphasize our discretion in enforcing policies. We strive to foster a dynamic environment for free expression and robust discourse through safety guardrails of human and AI moderation. Join us in shaping the news narrative together.