Business

Business news

Ann Thompson / WVXU

GE's electrical power systems business, with an eye toward the increasing need for power on airplanes, is about to open the first of its kind research facility on the campus of the University of Dayton. The EPISCENTER (Electrical Power Integrated Systems Center) will provide the floor space and infrastructure needed to test four complete electrical systems.

Competition Begins

Jul 17, 2013

  Cincinnati Innovates is a competition designed to showcase the technological, artistic, and ingenious innovations of Cincinnatians. Entry deadlines were July 15, we’ll take a look at some of this year’s competitors, and talk with past winners.

Horseshoe Casino Economic Impact

Jul 3, 2013
Sarah Ramsey / WVXU News

The Horseshoe Casino Cincinnati has been open since early March, on today's Cincinnati Edition we’ll discuss the economic impact the casino has had during its first four months of operation with Senior Vice President & General Manager Kevin Kline.

The Horseshoe as Neighbor

Jul 3, 2013

Has the Horseshoe Casino been good for the local area? We’ll here what changes the casino has brought to the surrounding neighborhoods of Over the Rhine and Pendleton.

Mason a draw for Hi-tech businesses

Jul 3, 2013

In today’s Focus on Technology, WVXU’s Ann Thompson looks at the Mason, Ohio high-tech business incubator.  We’ll also hear why so many technology companies, big and small, have found Mason such an inviting location for business. Our guests are Chief Executive Officer of Intelligrated, Chris Cole, and CincyTech Managing Director, Digital, Software and Health Tech, Mike Venerable.

Local developer has plans for Drawbridge Inn

Jun 26, 2013
AndyHemmer.com PR

A Fort Mitchell landmark that's been closed since December could become the site for a new upscale mixed-use development.  Commercial real estate developer Brandicorp says it plans to acquire the Drawbridge Hotel and Convention Center, also known as the Drawbridge Inn. 

Brandicorp president Michael Brandy issued this statement:

The Cincinnati Area Board of Realtors says the local housing market shows no signs of slowing down.  Home sales continued a trend of reaching a 6-year high each month this year.  They were up  18.8 percent in May compared to a year ago.  Sales last month were up 17.7 percent compared to April. 

The average selling price last month in the Cincinnati area was $175,750 versus $158,017 a year earlier, an 11.2 percent increase.

Help on getting that next job

Jun 14, 2013

Finding a job is more difficult now than ever before. The rules for job hunting keep changing and the competition is more intense. Career expert Andrea Kay has a new book out to help with the process. This Is How to Get Your Next Job: An Inside Look at What Employers Really Want provides practical advice on how to land that job, and she’s with Mark Perzel to talk about this book.

Holly Yurchison / WVXU

Over the past four years DHL has spent $105 million at CVG to meet the growing international shipping demands for companies like Luxottica, GE Aviation and P & G. Thursday it will inaugurate its newly expanded global super hub.

Expansions:

Ann Thompson / WVXU

Greater Cincinnati companies, including Total Quality Logistics (TQL), GE, US Bank and Horseshoe Casino, are learning to better recruit, hire and retain local veterans.

Festo, a German-based manufacturing company, is moving its production, assembly and distribution facility from Long Island, New York to Mason. The new 175,000 sq. ft. building will open in 2015 along the growing  I-71 technology corridor on a 45-acre site. Earlier this year  WVXU reported Mason has created  nearly $110 million in new investment and created 1,400 new jobs since 2011.

 Mason was chosen because of location

Author Interview: A.G. Lafley

May 31, 2013

A.G. Lafley has just returned to his role as chairman and CEO of Procter & Gamble, His book, Playing to Win: How Strategy Really Works, is his look at successful business practices from his years of corporate leadership and he shares some of his thoughts with Mark Perzel.

Ann Thompson / WVXU

A new report released by the National Bureau of Asian Research (NBR) points to intellectual property theft in Asia as a major problem for U.S. businesses. The report from the Commission on the Theft of American Intellectual Property recommends strong measures the U.S. can take to thwart the problem.

Protecting Trade Secrets

Cincinnati Chamber CEO leaving

May 28, 2013

Cincinnati USA Regional Chamber President and CEO Ellen van der Horst announced Tuesday that she will not renew her contract that ends early next year. The chamber will soon begin a search for her successor and van der Horst will stay on until her replacement is named.

Procter and Gamble News Release

This just released from Procter and Gamble:

Procter & Gamble (NYSE:PG) announced today that Alan George "A.G." Lafley has rejoined the Company as President and Chief Executive Officer, effective immediately. He has also been elected to the Board of Directors and will serve as its Chairman. Mr. Lafley joined Procter & Gamble in 1977 and served as President and Chief Executive Officer from 2000 to 2009. He succeeds Robert A. “Bob” McDonald, who is retiring from the Company on June 30, 2013, after 33 years of service.

Phillips Edison

Developers of the newly named Kenwood Collection are in Las Vegas this week for the International Council of Shopping Center's Global Retail Real Estate Convention. There, David Birdsall, senior vice president of Strategic Investment Funds for Phillips Edison, hopes to find retailers for this new development.

Mark Heyne / WVXU News

Northern Kentucky has generated lots of economic announcements in the past year--business expansions here,  job expansions there--and the momentum continues into this year.  Much of the growth is thanks to a wealth of resources such as available land, a well-trained workforce and nearby transportation, including the Cincinnati/Northern Kentucky International Airport and DHL.

People Working Cooperatively's Jock Pitts

Apr 26, 2013

Jock Pitts, the president and CEO of People Working Cooperatively, is in the studio with Mark Perzel to discuss some additional results from the comprehensive Cadmus Group Study that shows the community and economic impact of PWC’s approach to repairing and upgrading the homes of elderly or needy residents. He also has information about the upcoming Repair Affair and how people can get involved with this region-wide event.

Tana Weingartner / WVXU

Air cargo carrier Southern Air is moving its global headquarters to Florence, Kentucky. The $3.5 million investment will create 150 jobs.

Kentucky Lt. Gov. Jerry Abramson says companies aren't picking the state solely based on tax incentives.

Ann Thompson / WVXU

Developer Phillips Edison and leasing agents Jones Lang LaSalle and Jeffrey R. Anderson Real Estate are beginning to market the newly named "Kenwood Collection," known to most as Kenwood Towne Place.  

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