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Columbus Business First
'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>
Mark Kvamme part of new state-specific investment fund
Top venture capitalists and business leaders from Cincinnati, Cleveland and Columbus have launched a new state-specific growth capital investment fund that aims to reach $500 million. <\p> The Ohio High-Growth Investment Opportunities ( O.H.I.O.) Fund closed a first round Tuesday, receiving commitments for $108 million, according to a Securities and Exchange Commission filing. The filing stated the half-a-billion target figure, according to an investor presentation.<\p>
These companies added the most jobs in Central Ohio over the past year
After adding roughly 2,700 jobs, OhioHealth has leapfrogged the state government on Columbus Business First's list of Central Ohio's largest employers.<\p> The region's largest hospital system reported employing 24,662 people in the seven-county region, surpassing the State of Ohio (24,217) for the No. 2 spot on the ranking. <\p>
Ohio accepting transformational tax credit applications in August
The latest round of Ohio's Transformational Mixed-Use Development Tax Credit program will open this summer. <\p> Developers in Central Ohio – and around the state – can soon start submitting applications to get a financial boost for some of their most complex but transformational projects. <\p>
Local developer looks to construct 113 single-family homes in Dublin
Schottenstein Homes is proposing a new residential development in Dublin.<\p> The local developer submitted a concept plan for the Miller Farm Neighborhood, which would consist of 113 single-family homes at 5274 Cosgray Road on the city's southwest side. The plan will be considered by the Dublin Planning & Zoning Commission on July 11.<\p>
Five salons in six years: Kylie Engo on her growing empire
Kylie Engo never wanted to get into the nail salon business.<\p> She and her mother moved to the United States 25 years ago when Engo was 5 and she was immersed in the business at a young age. She saw the grind – not just mental but physical – and decided that life wasn’t for her.<\p>
Ohio National Bank owner on why building is meant to be restaurant
The Cleveland developer seeking to renovate the Ohio National Bank building at 167 S. High St. in downtown Columbus hopes to have a restaurant use inside akin to the Marble Room in Cleveland. <\p> And that project became more of a reality, thanks to Ohio's Historic Tax Credit program. The project received a $1.45 million tax credit. According to the state, the total project cost is $14.6 million.<\p>
Champagne & Rolex: Diamond Cellar's Easton store to showcase luxury
To the Diamond Cellar, brands such as Rolex and Patek Philippe are just as much an indicator of economic success in Central Ohio as Intel and Honda.<\p> The family-owned jewelry maker and retailer – a 77-year fixture in Central Ohio – is undertaking an eight-figure expansion of its Easton Town Center store, nearly doubling the space to put several internationally famous luxury brands on a new stage.<\p>
These are America's most-delayed flights
Airlines are expecting record-breaking traffic for the summer — and for the July Fourth holiday — but fliers on many routes would be wise to build in some extra time for their travel plans. <\p> That's according to an analysis by The Business Journals of the latest on-time data from airline analytics company Cirium Inc. The analysis looked at routes with at least 20 flights. <\p>
AEP has a new CEO – here's how much he'll make
American Electric Power Company Inc.'s new CEO is in line to make more money than the company's previous leader, Julie Sloat, who was removed from the position shortly after well-known activist investor Carl Icahn’s firm secured two seats on the company's board.<\p> Bill Fehrman – the "industry veteran" the company (Nasdaq: AEP) said last week would succeed Sloat – will see a $1.5 million annual base salary, according to a recent U.S. Securities and Exchange Commission filing. He takes over on Aug. 1. <\p>
Own a vacant home in Columbus? You may soon be subject to a fee.
Columbus City Council could pass legislation this month that creates two registries to identify properties in the city that are vacant or facing impending foreclosure. <\p> The legislation had a first reading Monday. Council will hear the legislation for a second reading July 15. <\p>
Software to hardbacks: Entrepreneur opening new local bookshop
Janine Sickmeyer built and sold a software company and has helped fund the entrepreneurial ambitions of others – but there’s something else she’s always wanted to do.<\p> And now she’s achieved that too with Storyline Bookshop, which will celebrate its grand opening this weekend at 2108 Tremont Centre in Upper Arlington. <\p>
$170M dedicated to downtown municipal courthouse
The long-planned Columbus and Franklin County municipal courthouse is one step closer to reality, as the city has dedicated about $170 million for construction of the facility in the 2024 capital budget. <\p> Chris Long, deputy director of Columbus' finance and management office, said that construction could start as soon as next year on the courthouse, depending on the pace of the design of the project. <\p>
Dublin looks to acquire 243 acres for multiple uses
The city of Dublin is in negotiations to acquire 243 acres for economic development purposes, transportation enhancements and recreational expansions in its West Innovation District. <\p> The acquisition, valued at $44.6 million, includes multiple parcels in Franklin and Madison counties and encompasses SportsOhio (97.5 acres), Shepherd Excavating (7.9 acres) and Carter Farms (137.1 acres). Those sites are located off Cosgray and Houchard roads on the city's far west side. <\p>
How did the auto industry cyber attack impact Honda's June sales?
Honda Motor Co. sales grew in June despite the cyber attack late in the month that impacted auto dealers nationwide.<\p> The automaker, which bases several North American operations in Marysville, Tuesday said sales in the month rose 1.1% to 112,742 vehicles.<\p>
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