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Business Development News

Cincinnati wins economic development award for $24M Corryville Crossings project

The City of Cincinnati has received an Excellence in Economic Development Award from the International Economic Development Council (IEDC) for a $24 million mixed-use development uptown. The award specifically recognized the City for its public-private partnership on the project.

“We recognize the City of Cincinnati for providing successful strategies to promote new paradigms in economic development in this period of global recovery,” said William Best, IEDC chair. “Cincinnati is showing that they are at the forefront of the economic development profession and are using innovative and effective practices that can be replicated in other communities.”

Officials learned of the IEDC award on Tuesday at the council’s annual conference being held in Columbus, OH. IEDC officials say that the awards program is geared to, “recognize the world’s best economic development programs and partnerships, marketing materials, and the year’s most influential leaders.”

The Corryville Crossings development has been under construction for more than a year. Once completed the development is expected to create 200 permanent jobs, include a 132-room hotel, retail space, a 219-space public parking garage, and spark additional investment in the Short Vine business district.

The City has partnered with the Uptown Consortium and local developers to help move the project from the drawing boards to reality. Project officials also say that creative financing tools like Tax Increment Financing (TIF) and New Market Tax Credits were necessary to advance the development.

A Starbucks coffee shop and IHOP restaurant were originally planned for the retail portions of the development before changes in the market that drove both national chains away from the project.  The new Hampton Inn and public parking garage portions of the development are expected to be completed later this fall.

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Arts & Entertainment Business Development News

Ibrahim Abdul-Matin to headline fourth annual OTRCH fundraiser

On Thursday, October 14, Over-the-Rhine Community Housing (OTRCH) will host its yearly fundraiser at Music Hall. The fourth annual event is meant to raise money for the non-profit while also engaging interested members of the public with the concepts, projects, and programs that OTRCH oversees.

OTRCH began as the Over-the-Rhine Housing Network in 1988 as an affordable housing organization. The organization then merged with ReSTOC, another affordable housing organization, in 2006 to help improve the organization’s ability to secure and sustain affordable housing and community-based development in the historic neighborhood.

The non-profit organization now manages a variety of programs including housing, resident engagement, advocacy and education, and even physical development projects throughout Over-the-Rhine.

This year’s fundraiser, entitled Celebrating Our Beloved Community, will honor Elder High School for their work in the community, and feature Ibrahim Abdul-Matin as the keynote speaker. Abdul-Matin is the author of the acclaimed book Green Deen: What Islam Teaches About Protecting the Planet.

OTRCH executive director Mary Burke says that the event will also include a song and dance performance by Elementz, light food catered by What’s for Dinner, and a cash bar.

Admission for Celebrating Our Beloved Community costs $50, with all proceeds going to benefit the affordable housing efforts of OTRCH. Those interested can make reservations online, or by contacting Mary Burke or Sarah Allen at mburke@otrch.org and stallan@otrch.org respectively.

The event will take place inside Music Hall’s Ballroom (map) from 5:30pm to 8:30pm on Thursday, October 14. Those attending the fundraiser can access on- and off-street parking nearby, free off-street bicycle parking, or utilize Metro bus service (plan your trip).

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Business News Transportation

Two area transit professionals recognized for young industry leadership

Two area transit professionals, Colin Groth and Ben Capelle, were named to Mass Transit Magazine’s 40 Under 40 list. The list recognizes industry professionals who have made “significant contributions” to the public transit industry.

According to magazine editors, those honored were nominated by their peers and then judged on their job commitment, industry involvement and contribution, professional achievement, and innovation in their particular field.

Colin Groth, Government Relations Director for Metro, was honored for his work with local, state, and federal officials since 2005. The publication notes that most recently Groth has been instrumental in securing more than $17 million in American Recovery & Reinvestment Act (ARRA) funding for the transit agency. Groth was also named to the Business Courier’s 2009 Forty Under 40 class, selected to participate in the Cincinnati USA Regional Chamber’s 2010 C-Change program, and is currently active in eight different Cincinnati organizations outside of Metro.

“He represents the kind of dynamic, engaged and forward-thinking individuals that will help solidify public transit’s role in our nation’s future,” said Mass Transit Magazine editor Fred Jandt.

Ben Capelle, director of Clermont Transportation Connection (CTC), was also honored for his achievements. In particular, Mass Transit Magazine recognized Capelle’s leadership that has grown transit agency on a shoestring budget during his tenure.

“Capelle has helped grow the system from 15 employees to 32 and from providing 35,000 trips annually with a budget of $1.1 million to providing 95,000 trips annually with an increased budget of $3 million. CTC will also begin construction of a new operations center in 2013,” Jandt stated.

Combined, Metro and CTC provide roughly 19.1 million trips annually throughout the Cincinnati region.

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Arts & Entertainment News

Cincinnati Reds win NL Central championship, clinch 13th playoff birth

Baseball’s oldest professional franchise will return to the playoffs for the first time since 1995, and the for the 13th time overall.  The Cincinnati Reds won the National League Central Division championship on Tuesday, September 28 on a walk-off home run from Jay Bruce.

The playoff clinching, walk-off home run by Bruce was only the fifth of its kind in the history of Major League Baseball, and it thrilled an electric crowd of more than 30,000 at Great American Ball Park.

As of now the Reds would face the Philadelphia Phillies in the first-round of the playoffs. Should the Atlanta Braves lose the National League Wild Card birth, then the Reds would face either the San Francisco Giants or San Diego Padres. Playoff tickets are on sale now and can be purchased online.

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Arts & Entertainment Business News

Sign Museum to host open house during Essex Studios Art Walk

The American Sign Museum will host an open house this Friday and Saturday from 7pm to 10pm each night. The open house is scheduled to take place during the Essex Studios Art Walk, and will showcase over 100 lit neon signs that will match over 100 participating artists.

The Walnut Hills museum first opened in 2005 and is the only public sign museum in the country. The museum’s director and founder, Tod Swormstedt, hopes to eventually move into a larger Camp Washington space that would serve as a spark towards making Cincinnati a national center for research and sign information.

“The history of signs is a micro-history of design trends and technology in the U.S., and I want to capitalize on that right here in Cincinnati,” Swormstedt told UrbanCincy in August 2010.

The open house is a unique opportunity for visitors to check out the museum’s collection which is typically only open to the public on Saturdays from 10am to 4pm, with all other times requiring appointments to be made in advance.

Swormstedt says that visitors will be treated to light refreshments, a coffee bar, and receive two-for-one admission coupons for Saturday guided tours to be held at 10am, 12pm, and 2pm. Those who show up will also be entered into a raffle to win The New Let There Be Neon book, with winners to be announced later that evening.

The American Sign Museum is located at 2515 Essex Place. For more information please call (513) 258-4020 or email Tod@SignMuseum.org.