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Columbus Business First
Columbus plans to allocate $100M for affordable housing efforts
Columbus' $1.99 billion capital budget includes more than $100 million for affordable housing. <\p> Mayor Andrew Ginther proposed the 2024 Capital Budget on Wednesday. Columbus City Council next will discuss the budget.<\p>
Visa, Mastercard 'swipe' fee settlement dealt a big blow
A nearly $30 billion settlement involving U.S. retailers and credit card giants Visa Inc. and Mastercard Inc. has been dealt a blow after a judge said it was unlikely she would approve the deal.<\p> During a June 13 hearing on preliminary approval of the proposed settlement involving “swipe” fees, U.S. District Judge for the Eastern District of New York Margo Brodie said she was unlikely to sign off on the deal. Brodie issued a written order on the case on June 25, and while the order itself was sealed, the accompanying memorandum on the court docket stated that the "court finds that it is not likely to grant final approval to the Settlement and accordingly denies Plaintiffs' motion for preliminary settlement approval."<\p>
Here are the local projects getting state Historic Tax Credits
The long-planned redevelopment of the former Kroger Bakery, the south Columbus buildings slated to become part of Steelton Village and the Ohio National Bank building will get a boost from the state. <\p> On Wednesday, the state of Ohio announced the Ohio Historic Preservation Tax Credits, which developers frequently credit with helping complicated projects get across the finish line. <\p>
Retailer bringing 40 jobs to new Whittier Peninsula office
Homage is adding new offices to go with its new sales and new investment.<\p> The Columbus-based retailer is moving its headquarters and leadership team into a new space on the Whittier Peninsula near the Scioto Audubon Metro Park. <\p>
‘Lock-in effect’ restricts homeowners despite inventory improvements
A U.S. housing market that continues to see home-price appreciation, paired with higher-for-longer mortgage rates, may prolong the lock-in effect that's stymied inventory the past couple of years.<\p> Many housing economists predicted 2024 would see more relief for homebuyers by way of greater inventory and households more willing to sell their homes after being tethered to record-low mortgage rates obtained during the Covid-19 pandemic.<\p>
Where Columbus falls in ranking of best cities for real estate agents
If you're a real estate agent, you're in the right spot. <\p> Columbus ranks as the sixth-best market in the country for real estate agents, according to recent research from St. Louis-based Clever Real Estate. <\p>
CCAD replacing downtown Columbus parking lot with a park
The Columbus College of Art and Design's latest project is moving forward.<\p> CCAD plans to turn Battelle Hall into a new Center for Creative Collaboration. The existing building will get interior renovations and technology updates, while a two-story, 10,000-square-foot addition will be built on the adjacent parking lot. An urban park also will be added as part of the project.<\p>
These jobs soared during the pandemic and are here to stay
Part-time job listings soared during the Covid-19 pandemic and have yet to recede — a potential sign that both workers and employers see benefits in the arrangements. <\p> Beginning in early 2022, the share of part-time jobs posted on job-search engine Indeed grew 10% before leveling off in 2023. <\p>
Denver developer adding to New Albany data center boom
A developer of "hyperscale" data center campuses that recently raised $9.2 billion for global expansion plans to add to New Albany's cloud computing boom.<\p> Vantage Data Centers plans a $185 million project at 3475 Horizon Ct., according to One Columbus and the Ohio Department of Development. That's inside the new tech- and logistics-focused Silicon Heartland Innovation Park.<\p>
NAR settlement means 'summer of uncertainty' for real estate agents
Teresa King Kinney is no stranger to abrupt change in the real estate industry — and the National Association of Realtors' recent settlement is no exception.<\p> She’s been the CEO of the Miami Association of Realtors and its 60,000-plus agents since 1993. In that time, she's navigated several recessions, the Global Financial Crisis and the turbulent, unpredictable Covid-19 pandemic.<\p>
Michigan HVAC contractor picks Columbus suburb for 2nd headquarters
A growing Michigan-based mechanical contractor has selected Hilliard for its second headquarters. <\p> Goyette Mechanical's new Hilliard facility will be used for prefabrication, fabrication, welding and assembly of complex plumbing, piping and HVAC systems for industrial and commercial customers. The firm hopes to open the site at 4344 Lyman Dr. in March 2025.<\p>
Local restaurant group franchising first restaurant in Kentucky
Columbus-based Chop5 Salads & Bowls (originally Chop5 Salad Kitchen) is targeting Louisville as it plots its next expansion. <\p> Allen Hertzman, the Louisville-based co-founder of Chop5, said the company is looking to enter the Greater Louisville market by franchising its concept there.<\p>
Navidea's longtime shareholders are finally losing hope
Shareholders have stuck with Navidea Biopharmaceuticals Inc. through years of losses, lawsuits, management shakeups, a reverse split, delisting and deregistration. Now they're pretty sure the ride is at an end. <\p> The Upper Arlington biotech has proposed a rare 1-for-50,000 reverse stock split, which a release says will reduce the number of shareholders. <\p>
'Pen and paper are back,' auto dealers pivot after software outage
The wait to buy a car or get service might take a little longer at the moment.<\p> A cyber attack last week on suburban Chicago-based software company CDK Global Inc. created a ripple effect among an estimated 15,000 auto dealers across the nation.<\p>
Columbus is hosting this sport's largest event this summer
Thousands of athletes will meet in Columbus this summer to face off in the largest participant event in USA Fencing history. <\p> Some 6,200 fencers from 45 states and 10 countries will return to Columbus for the first time since 2019 to duel in the USA Fencing Summer Nationals, June 29 to July 8 at the Greater Columbus Convention Center.<\p>
These area dispensaries are one step closer to recreational sales
Seven Central Ohio medical marijuana dispensaries are one step closer to recreational sales, although they don't have the final go-ahead yet.<\p> Four cultivators, two processors and three testing laboratories in the region also have the provisional OK to participate in their portion of the recreational cannabis industry.<\p>
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