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Restoration project for historic Newark building reaches funding goal
The Licking County Foundation has secured additional financing to complete the restoration of a historic Newark building. <\p> A collection of individuals, families, foundations and businesses donated more than $2.5 million for interior renovations to the Louis Sullivan building at 1 N. 3rd St. in downtown Newark. The foundation had until June 30 to raise the funds and exceeded the goal by nearly $250,000. <\p>
Central Ohio bank agrees to acquisition
Heartland Bank has agreed to acquisition by a publicly traded regional bank in Indiana for about $330 million.<\p> German American Bancorp Inc. (Nasdaq: GABC) and Whitehall-based Heartland BancCorp (OTCQX: HLAN) announced the deal Monday after approval by their boards, according to a press release. <\p>
Southwest is adding a new nonstop flight from CMH
Editor's note: The headline of this story originally described the flight as direct. <\p> Southwest Airlines is adding a new nonstop flight from John Glenn Columbus International Airport to Miami International airport. <\p>
Three area film productions receive $3.7M in state tax credits
A TV mini-series and two feature film projects in Central Ohio are receiving nearly $3.7 million in state tax credits.<\p> Governor Mike DeWine and Ohio Department of Development Director Lydia Mihalik announced Monday that the Ohio Motion Picture Tax Credit Program will support 17 feature films, television series and mini-series and broadway/theatrical productions across the state, for a total of $36.7 million. The tax credit program reimburses up to 30% of a film's in-state cast and crew wages and other qualified expenses. <\p>
OSU has the third most NIL deals in the country
Ohio State University ranked third in the country for the most reported NIL deals, according to a recent study.<\p> Online gaming experts from JustGamblers released a report analyzing data from March 2021 to May 2024 from NIL database On3 NIL Deal Tracker for reported name, image and likeness deals reported by college athletes.<\p>
Columbus officially adopts new zoning code
Columbus City Council has approved legislation updating the city's zoning code.<\p> The vote at Monday's meeting is the culmination of years of work to overhaul the code, which hadn't been updated comprehensively since the 1950s. <\p>
Rigging company expands to Central Ohio
A Cincinnati-based provider of rigging products and services has expanded to Central Ohio. <\p> Fulcrum Lifting announced that its newest branch is now open at 1782 Dividend Dr. in Far West Columbus. The location is the company's first in the region and fifth in the Midwest, joining its facilities in Cincinnati and Dayton, and Jeffersonville and Evansville, Indiana. <\p>
ERC moratorium could spark windfall for some businesses
Welcome to The National Observer, a roundup of top business news and actionable insights from across The Business Journals network of publications. Today, we've got stories on the challenges of Series B fundraising right now, how regulations are shaking up remote work at banks and declining foreign investor purchases of U.S. homes. First, however, let's zoom in on the potential costs for the IRS' pause on Employee Tax Credit refunds.<\p> Get more stories like these every day in your inbox by subscribing to The National Observer newsletter. <\p>
CrowdStrike outage may cost billions. Here's what businesses should do
The fallout over the global outage from a Crowdstrike update on Windows devices could measure in the billions — a stark reminder that business owners may want to revisit their insurance policies. <\p> A report by cloud monitoring firm Parametrix Insurance estimated the direct financial loss among Fortune 500 companies —excluding Microsoft Corp. — from the CrowdStrike outage that disabled computers around the world on July 19 was $5.4 billion. <\p>
Here's where Columbus' first 3D-printed house is rising
A 3D-printed home is rising in Linden. <\p> Makinde Enterprises, which is owned by local contractor Mayo Makinde, is printing the house on East 26th Avenue. The one-story house is being built on what was a vacant lot next to a vacant home. <\p>
Columbus 'thwarted' ransomware attack, but threat not over
Columbus' Department of Technology "thwarted" an attempted ransomware attack, Mayor Andrew Ginther said, but many services remain slowed 11 days into the ongoing investigation – and it is not yet known what or whose data was compromised.<\p> Meanwhile 911 emergency dispatching and 311 informational services still were operating largely through phone calls, pencil and paper, Ginther told Columbus Business First. Computer-aided dispatching for 911 is partially restored, and top priority is getting that fully online.<\p>
Mortgage rates are set to fall. Buyers should adjust their hopes.
Homebuyers frustrated by high mortgage rates may soon get some relief if the Federal Reserve begins to lower interest rates but they should temper their expectations, experts say.<\p> Although the Fed has signaled it could start lowering rates as soon as its July 31 meeting, industry experts believe rates will never go back to the historic lows seen during the Covid-19 pandemic, when some buyers snagged rates below 3%.<\p>
Meet the CEO of Vivek Ramaswamy-founded investment firm
An investment firm co-founded by former presidential candidate Vivek Ramaswamy that fights DEI and ESG initiatives is growing in Dublin and nationwide as it seeks like-minded investors.<\p> Strive Asset Management places top priority on shareholder returns, and argues that goals such as diversifying corporate leadership or reducing greenhouse gas emissions detract from that.<\p>
Meet the man helping build Cameron Mitchell Restaurants
David Miller has been steeped in the culture of Cameron Mitchell Restaurants for nearly 30 years and has been a leading hand guiding the company through an unprecedented period of expansion for the last decade of his tenure.<\p> Under Miller’s guidance as president and COO since 2016, CMR has grown to nearly 50 restaurants under several brands in 15 states plus Washington, D.C.<\p>
Another Historic Dublin property slated for mixed-use development
A pair of outbuildings on a historic Dublin property could be demolished to make way for a new mixed-use development.<\p> A proposal for a three-story building at 16-22 N. High St. in Dublin's Historic District was submitted to the city's architectural review board, which recently held an informal review for the project. Joseph Trepicone of Trepicone + Associates Architects submitted the application, which also lists Coldwell Banker Realty's Ann Adams as a project representative. Neither could immediately be reached for comment. <\p>
Punch List: NAR settlement – How Howard Hanna's handling new rules
Central Ohio real estate agents are working to understand new industry rules before changes take effect on Aug.17, per the $148 million National Association of Realtors settlement. <\p> This settlement came after a wave of lawsuits alleging a conspiracy between the NAR, multiple listing services and brokers to keep commissions high. <\p>
Casual dress is just the start of Gen Z making offices less formal
The post-pandemic workplace has undergone a lot of change, with hybrid work and the implementation of more-casual dress codes among the biggest shifts.<\p> Newly available research spotlights how both business owners and employees have younger workers to thank — or blame — for an ongoing casual revolution in the workplace that extends beyond dress codes.<\p>
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