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Cincinnati Business Courier
3CDC unveils new brand for district near Fountain Square
The Cincinnati Center City Development Corp. is unveiling a new name for the area around Fountain Square downtown, with the hopes of branding it as a location in the same way as the Banks and Over-the-Rhine. <\p> The nonprofit developer and manager of several city civic sites plans to call the area within two blocks of the square in all four directions the Fountain District. The goal is to create a brand that will promote street-level commercial, office, residential, parking and civic spaces to the public, as well as potential new businesses. <\p>
Aglamesis to expand with first new ice cream parlor in 54 years
Cue the pink and black confetti. An iconic Cincinnati-based ice cream and gourmet candy company is growing in size.<\p> Aglamesis Bros. will open its third location in downtown Hamilton in the coming weeks – another feather in the cap for the Butler County city’s ongoing rebirth.<\p>
Big-box retailer returns to region with plans to open two locations
A longstanding nationwide specialty retail brand is expanding back into the Tri-State following a years-long hiatus.<\p> World Market is opening two locations in the Cincinnati-area this year.<\p>
Findlay Kitchen tenant lands free Bengals sponsorship
The Cincinnati Bengals and human resources firm Paycor have selected a winner for the second-annual Earn Your Stripes contest, which gives local minority-owned firms the chance to win a sponsorship package with the NFL team.<\p> Mixicles, a downtown-based maker of nonalcoholic, botanical-infused flavored ice for use in beverages, is the 2024 Earn Your Stripes winner. The company was chosen from a field of six finalists after a pitch competition held at Paycor Stadium.<\p>
A popular job-posting strategy can backfire
Editor's Note: Welcome to The Playbook Edition, a look at stories, trends and changes that could affect your business and career. Want more stories like this in your inbox? Sign up for The Playbook newsletter. <\p> The hiring process sparks plenty of questions for employers and candidates alike. <\p>
Skyline CEO on Pepsi-to-Coke: 'It's not one drink versus one drink'
Skyline CEO Dick Williams knew that the decision back in March to switch from Pepsi to Coke beverages could result in a firestorm, particularly among those who enjoyed their coneys and ways with a Mountain Dew.<\p> “The easy answer would be to leave that as it is,” Williams said. “I did not go into my first year looking to make disruptive changes unless they were absolutely 100% in the best interest of our customers and our franchisees. <\p>
Health care consulting firm lays off 61 Cincinnati employees
Nordic Consulting Group notified the state of Ohio under the Worker Adjustment and Retraining Notice (WARN) Act of its plans to reduce its workforce supporting a client located at 1701 Mercy Health Place in Bond Hill.<\p> The site of the client noted in the WARN is the Bon Secours Mercy Health headquarters.<\p>
Christ Hospital Health Network acquires private practice
The Christ Hospital Health Network, one of Greater Cincinnati’s largest physician groups, has acquired the area’s oldest independent obstetrics and gynecology practice.<\p> Mt. Auburn OB-GYN, which has been providing care for patients in the Cincinnati area since 1938, became a part of the Christ Hospital Health Network July 1.<\p>
Cincinnati nightclub expands with private event space
A Cincinnati LGBTQ+ nightclub is announcing the opening of a new event space and bar.<\p> On Cincinnati Pride weekend, Bloom OTR officially opened the doors to the Circuit Ultra Lounge. The more than 3,000-square-foot facility is on the second floor of the large nightclub, located at 1120 Walnut St. in Over-the-Rhine.<\p>
Cincinnati public firm regains Nasdaq compliance after 285 days
Workhorse Group has regained compliance with the Nasdaq exchange just weeks after implementing a reverse stock split to boost its sinking stock price. <\p> The Sharonville-headquartered electric vehicle maker first received a market delisting notice in September 2023, after its shares dipped below the $1 mark for more than 30 consecutive trading days. The $1 threshold is considered the Nasdaq’s minimum.<\p>
Shopping center in Kenwood sold for $80M
A Chicago-based commercial real estate firm has purchased the Kenwood Square shopping center for $80 million.<\p> Pine Tree, headquartered in Oak Brook, Ill., closed June 20 on the purchase of the mall under Kenwood Square LLC.<\p>
Five things you need to know today, and that's all folks!
Happy Friday, Cincinnati! Hope you had a very patriotic Fourth of July. Here are the five stories you should check out to wrap up the work week:<\p> Andy Brownfield wants you to know that the Loveland Dairy Whip is up for sale as the owners, who bought it five decades ago, look to retire. As a passionate creamy whip fan, I’m excited to see what comes of this.<\p>
One of Cincinnati's creamy whips is for sale as longtime owners retire
One of Cincinnati's many creamy whips – a staple of summer in the Queen City – is going up for sale as the family that has owned it for more than five decades is set to retire.<\p> Teresa and Rick Morgan, owners of the Loveland Dairy Whip, announced July 3 they are selling their business, which has been in the family since Teresa Morgan's parents, Jim and Marian Flint, bought it in 1972. The Loveland Dairy Whip, located at 611 W. Loveland Ave., has been around since 1955.<\p>
Kroger CEO ramps up Albertsons deal talk as it loses one court battle
Kroger Co. CEO Rodney McMullen doubled down at the company’s annual meeting on why its planned $24.6 billion acquisition of Albertsons Cos. Inc. actually improves the grocery market for customers. <\p> Downtown Cincinnati-based Kroger (NYSE: KR), the nation’s largest operator of traditional supermarkets, agreed in October 2022 to acquire Boise, Idaho-based Albertsons, the second-largest traditional supermarket operator. But the deal that would be the largest grocery store merger in U.S. history faces opposition from the Federal Trade Commission, which has sued to block it on antitrust grounds. It argues it will hurt customers’ choices and make the grocery landscape less competitive. <\p>
American Financial Group appoints longtime employee to C-suite
One of Cincinnati's largest public companies has promoted a longtime employee to its C-suite. <\p> American Financial Group (NYSE: AFG) announced June 27 that JD Rogers has been promoted to vice president and chief information security officer. <\p>
Reece: Proposed county real estate shakeup a ‘bailout’ for Mercy
Hamilton County’s proposal to move hundreds of employees from downtown to Bon Secours Mercy Health’s Bond Hill headquarters amounts to a bailout for the company, said Commissioner Alicia Reece, who sharply criticized the ministry's departure from the neighborhood.<\p> Under the deal proposed by Administrator Jeff Aluotto, Hamilton County would buy Mercy’s headquarters off of Reading Road for $65 million, with Mercy paying out $30 million on its remaining lease to the building’s owner, Rasameel Investment. The county would move 1,429 employees from five departments to the site and sell five buildings it owns in downtown, Corryville, East Walnut Hills and Madisonville.<\p>
One of Greater Cincinnati's largest IT consulting firms moves HQ
One of Greater Cincinnati’s largest IT consulting firms recently moved to a new headquarters in Florence.<\p> Emerge IT Solutions, whose services include cybersecurity, cloud computing products, networking products, fully managed information technology and more, will now be located at 7660 Turfway Road.<\p>
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