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Columbus Business First
Publix inches closer to Ohio
Florida-based supermarket chain Publix unveiled this month some details for a Northern Kentucky store it recently bought land for.<\p> Publix Super Markets is opening a 55,325-square-foot store in Florence, spokesman Jared Glover confirmed to the Cincinnati Business Courier. The supermarket will feature an adjacent Publix Liquors that will offer beer, wine and spirits for sale. <\p>
COTA receives $22.8 million grant for zero-emissions buses
The Central Ohio Transit Authority has received $22.8 million in federal funds to help launch its hydrogen fuel cell bus fleet.<\p> The U.S. Department of Transportation’s Federal Transit Administration announced Tuesday 117 projects in 47 states received roughly $1.5 billion in grant money to improve public transportation.<\p>
Here's our annual ranking of Columbus health system CEO pay
A more than year-long vacancy at the top places six executives in the compensation countdown for the four Columbus-based hospital systems.<\p> OhioHealth Corp. CEO Steve Markovich remained the highest-paid top Central Ohio hospital executive in 2022, continuing an unbroken pattern for the region's largest health system, according to Columbus Business First's annual review of the most recently available public compensation data.<\p>
A local ad agency is taking a new name after its acquisition
A local ad agency that consistently ranks among Central Ohio's busiest has a new name. <\p> Columbus-based Adept was purchased by Dayton-area digital commerce agency Smith in 2022. Since the deal, Adept has kept its name and Columbus office. <\p>
The Punch List: Local suburbs controlling development via acquisitions
As Central Ohio continues to grow, local municipalities are making an effort to control new development by acquiring properties for future use.<\p> This strategy has become more common in the suburbs, which have been expanding rapidly as the region's population booms and developers seek new opportunities outside Columbus city limits. <\p>
A marijuana dispensary in Clintonville has a new look
The Harvest brand has been uprooted from Ohio marijuana dispensaries. <\p> Trulieve Cannabis Corp. rolled out its white and green brand at the Clintonville and Beavercreek stores over the past week, painting over Harvest's bright yellow. <\p>
Central Ohio is getting another high-end steakhouse
Columbus is getting another high-end steakhouse. <\p> The Capital Grille has announced its arrival to the Columbus market, with plans to open its first area restaurant at 1827 Olentangy River Road on July 28. It takes over the former Champps Kitchen + Bar space at Lennox Town Center. <\p>
Building Columbus Awards: Here are the best new real estate projects
Columbus Business First is proud to announce the 2024 Building Columbus Awards, highlighting projects that elevate the city's skyline, preserve historic buildings across Central Ohio, create much needed housing and contribute to the community's growth.<\p> Commercial real estate is at the heart of our coverage and in 2023 we created an awards program to recognize high-profile projects. And this year, we added a reception to shine a spotlight on the companies and institutions that made them happen.<\p>
Why the word 'inclusion' no longer appears in JobsOhio's annual report
Boosting opportunity for underrepresented workers and entrepreneurs remains a priority for JobsOhio. But the word "inclusion" no longer appears in its annual report. <\p> The statewide economic development organization also changed its Inclusion Grant to the Small Business Grant this year. Nothing else about the program changed, including who's eligible.<\p>
Grandview welcomes new nostalgia-based sports bar
Grandview has a new sports bar. Homefield opened Saturday at 1312 Grandview Ave., the former home of Round II. <\p> Brand and experience consultant Matt Barnes describes Homefield as a classic sports bar where you can grab a drink, a bite to eat, play some games and talk sports. <\p>
Central Ohio biotech's leading drug candidate not commercially viable
A long-struggling Central Ohio biotech has ended efforts to bring its leading diagnostic candidate to market after it failed to show enough predictive power.<\p> Navidea Biopharmaceuticals Inc. announced just before the July 4 holiday that it was suspending "all activities" in its third-phase clinical trial for a diagnostic drug for rheumatoid arthritis. The goal was to provide 90% accuracy in predicting whether a particular type of immunotherapy would be beneficial long term, according to a news release. Instead the accuracy was below 70%.<\p>
FTC noncompete ban suffers setback
The Federal Trade Commission’s broad noncompete ban suffered a legal setback after a federal judge in Texas ruled against the agency on July 3.<\p> U.S. District Judge Ada E. Brown of the Northern District of Texas, said in a ruling that the agency “lacks substantive rulemaking authority” on the matter and granted a preliminary injunction on the controversial rule that could affect employers in a broad range of industries. <\p>
The National Observer: America's most-on-time airports
Welcome to The National Observer, a roundup of top business news and actionable insights from across The Business Journals network of publications. Today, we're looking at a big change to federal rulemaking that could affect businesses, the hidden costs of owning a home, and federal grants for 12 tech hubs across the U.S. But first, you may want to pack your patience for these routes — they're the most delayed flights in the U.S.<\p> Get more stories like these every day in your inbox by subscribing to The National Observer newsletter.<\p>
Real estate investment firm pays $20M for Central Ohio industrial site
Stag Industrial Inc. has acquired a Central Ohio industrial site, Franklin County records show. <\p> The Boston-based real estate investment trust paid $20.25 million for the property, which is located at 6215-6275 Winchester Blvd. in Canal Winchester. The seller was CW Partners LLC, which bought the property for just over $1 million in June 2021. <\p>
Data-center debate: Booming CRE sector grapples with big questions
The proliferation of data centers across America is helping to power the nation's increasingly digital economy — but for some, it's coming at too high, or too unknown, of a cost.<\p> The data-center boom isn't new, but the rate at which these projects are being planned, proposed and built is quickly escalating. And while data centers once were concentrated in a few key markets, they're now fanning out to metro areas all over the country.<\p>
Small Plates: New downtown destination, what's opened & closed lately
Cameron Mitchell explains how his company’s new restaurant was built to be “iconic,” Clintonville is getting a local-owned Mexican joint and a roundup of recent restaurant openings and closings.<\p> The week in Columbus restaurant and food news starts with:<\p>
'Hollywood-caliber' filmmaking studio planned for Central Ohio suburb
A local motion picture company is calling action on its plan to make Central Ohio a filmmaking destination.<\p> Fallback Studios is set to acquire a Dublin building for what is described as a "Hollywood-caliber" facility offering film and sound stages capable of producing movies, TV shows and commercials. In addition to offering production amenities for studios, the space will allow Fallback to create and publish its own content. <\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>
New development welcomes residents in Fifth by Northwest
Elford Development's latest mixed-use project is welcoming tenants as another one kicks off nearby. <\p> Construction on The Blakely in Columbus' Fifth by Northwest neighborhood started in September 2022 and recently wrapped up. The first resident moved into the apartments in May and the apartments are about 50% leased, according to Joe Gavin, vice president of development. <\p>
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