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Business Journals
5 days ago
- Business
- Business Journals
Five things you need to know today, and your personal favorites
Happy Wednesday, Cincinnati! Here are five business news stories you need to know to get your day underway. 1) CVG hires construction firm for $6M project Cincinnati/Northern Kentucky International Airport has hired Hebron-based Harper Co. to reconstruct one of its major taxiways. The project will cost nearly $6 million and will include pavement reconstruction and electrical system upgrades. Harper was the only company that bid on the work, Chris Wetterich reports. The airport expects the project to wrap up by the end of the year. GET TO KNOW YOUR CITY Find Local Events Near You Connect with a community of local professionals. Explore All Events 2) First Financial acquiring out-of-state bank to triple branches there First Financial will acquire BankFinancial for $148 million, which will triple its Chicago branches to 26 total. Steve Watkins reports the deal will add $1.4 billion in assets to First Financial, which has $18.6 billion in assets and 128 banking centers in Ohio, Indiana, Kentucky and Illinois. Prior to the acquisition, First Financial had seven branches in the Chicago area but has been interested in expanding in the market for years. 3) Historic former restaurant, beer garden to be redeveloped Corryville Community Development Corp. plans to purchase the historic Mecklenburg Gardens building with $1.2 million in tax increment financing funds. The restaurant and beer garden closed in 2023 after 158 years. It has since sat vacant and deteriorating, Brian Planalp reports. Cincinnati City Council will have to approve the use of TIF funds. Upon approval, the Corryville CDC plans to bring an operating restaurant and brewery back to the space after renovations. Do you like Five Things? Make sure to subscribe to our Morning Edition emails so you have it in your inbox each day. 4) Health system to offshore administrative jobs Bon Secours Mercy Health is planning to build a support center in the Philippines, expanding its existing presence in the country, but cutting jobs in the U.S. as a part of a new global strategy. The offshored roles will include human resources, finance, supply chain and other administrative functions. The number of jobs impacted is unclear, according to the health system's chief administrative officer, who said it will be a small percentage of its domestic workforce. Mercy Health hopes the move will maximize operational efficiencies. 5) Growth fund with Cincinnati ties raises $238M O.H.I.O Fund raised $238 million while making 19 investments across the state, two in Greater Cincinnati companies, Watkins reports. Headed by Mike Venerable and Jill Meyer, the fund raised money from more than 106 investors including high-net-worth individuals, institutions and family offices of wealthy individuals, financial institutions, foundations and other corporations. This day in history 1942: The Manhattan Project commences, marking the start of the large-scale effort to develop an atomic bomb. What I'm reading "The Uptown Local" by Cory Leadbeater What I'm listening to Chappell Roan's new single "The Subway" "August" by Flipturn What I'm watching "The Summer I Turned Pretty" on Amazon Prime Video I've also been watching a lot of movies, including newer releases like "Jurassic World: Rebirth," "Freakier Friday," "Happy Gilmore 2," "Final Destination Bloodlines," "Sinners," the live action "Lilo & Stitch" and "Nonnas." I saw most in theaters with only two Netflix exceptions. My AMC Stubs A-List has been put to good use over the last few months. Your favorite of all time For the past year, I've felt like I was in the worst music drought ever. I find myself recycling the same playlists, same albums, same artists over and over again. I think I know the words to every song I have ever heard at this point. We've had a few music conversations in the Courier newsroom, notably around the time when "A Complete Unknown," the Bob Dylan biopic came out and a few editors and reporters declared their dislike for Dylan, Bruce Springsteen and other similar artists. I won't name names to save my colleagues the grief. I'd say I consume more music than the average listener. I listen to everything. From pop, rock, indie and rap to country, metal, folk, jazz and every sub-genre in between. Looking at my most recent Spotify plays, artists include Lorde, the Red Hot Chili Peppers, St. Vincent, Norah Jones, Mac DeMarco, Doechii, Modern Baseball, Taylor Swift, Turnstile, Steely Dan and Third Eye Blind. While all of these artists are fabulous, I need new stuff. So my question to you, Business Courier readers, is what is your favorite album of all time? Or, is there an artist or song you have on repeat right now? I'm open to any and all genres from any decade. Email me at lschwartz@
Yahoo
24-04-2025
- Business
- Yahoo
McConnell: Kentucky is 'extremely dependent' on international trade, hurt by tariffs
ERLANGER, KY. – President Donald Trump's tariffs are hurting Kentucky businesses, employees, and consumers. That's according to Sen. Mitch McConnell, the state's longest-serving senator and former top Republican in the U.S. Senate. He spoke alongside Northern Kentucky business owners April 24 during an afternoon press conference at Cincinnati/Northern Kentucky International Airport, where he said his goal is to educate voters about the consequences of Trump's tariffs. "We're sitting here today in a state that is extremely dependent upon the international trade, whether it be price coming in or trade going out," he said. In Kentucky, 16.3% of the state's gross domestic product is reliant on exports, the third largest percentage in the country, according to a recent study by the National Association of Realtors. And imports into the state are equal to 32.3% of the state's GDP, the highest percentage in the nation. Trump's implementation of tariffs has been widely criticized by world leaders and a dozen states announced April 23 that they're suing the president for the impact tariffs have had on economies and residents. Alongside McConnell, business owners talked about how the uncertainty and sudden implementation of tariffs are crushing small or mid-sized businesses. Richard Field is president of Post Glover Resistors in Erlanger, Kentucky. The company manufactures equipment for infrastructure and vehicles. Some of the orders placed with his company aren't due for two years so the company offers fixed-firm prices. Tariffs have made that unmanageable. For instance, one product purchased from China used to cost the company $200. Now it's $400. In any other country, the product is $600. It's not made at all in the United States. "I'm selling for $200 whether I like it or not," he said, which means he's investing less in expansion efforts. Rick Ross, president and CEO of Galerie Candy in Hebron, Kentucky, said he agrees that American business needs to undergo changes. But that shouldn't come at the expense of what he calls the backbone of America. "Small business should not be collateral damage to the bigger agenda," he said. "The closures are going to happen, layoffs are going to happen, and that's just not right. We've got to find a better solution." McConnell suggested that Congress should have the ability to have at least some say-so when it comes to the president's tariff levies. He said, "It's not an anti-Trump thing, in my opinion, but a structural thing. Should the president have 100% of the authority in this particular area?" He added that elected officials want to see Trump's administration be successful, but added that he doesn't think the president is getting alternate viewpoints about the tariffs from his administration. This article originally appeared on Cincinnati Enquirer: Trump's tariff's are hurting Kentucky business, Sen. McConnell says
Yahoo
05-02-2025
- Business
- Yahoo
New nonstop flight to Dominican Republic coming to area airport
A new nonstop flight will take off this spring from one of the area's busiest airports. [DOWNLOAD: Free WHIO-TV News app for alerts as news breaks] Frontier Airlines announced on Tuesday it will add a nonstop flight from the Cincinnati/Northern Kentucky International Airport (CVG) to the Dominican Republic, according to a spokesperson. TRENDING STORIES: 1 dead, 5 hospitalized in Ohio cosmetic warehouse mass shooting USPS has suspended parcels from Hong Kong and China. Here's what it means for Shein and Temu Winter Weather Advisory issued for Miami Valley; freezing rain expected today through Thursday The nonstop flight from CVG to Punta Cunta International Airport starts on May 17. It will run weekly with prices for the new flight as low as $99, the spokesperson said. 'Punta Cana is a beautiful and highly popular Caribbean vacation destination, and nonstop service from Cincinnati will make it easy, convenient, and affordable for area residents to enjoy everything this tropical paradise has to offer,' Josh Flyr, vice president of network and operations design at Frontier Airlines, told our news partner WCPO in Cincinnati. As previously reported by News Center 7, Frontier Airlines launched a nonstop flight from CVG to West Palm Beach in December. That service also runs once a week. Visit this website to learn more information. [SIGN UP: WHIO-TV Daily Headlines Newsletter]
Yahoo
30-01-2025
- General
- Yahoo
CVG flights to D.C. canceled after crash between American Airlines flight, helicopter
At three least three flights, from the Cincinnati/Northern Kentucky International Airport to Washington D.C. have been canceled Thursday after a mid-air crash near Ronald Reagan Washington National Airport. Air traffic was halted at the D.C. airport late Wednesday. The three flights from Cincinnati that have been canceled are: American Airlines flight AA5445 scheduled for 7:22 a.m. Delta Air Lines flight 9E5229 scheduled for 7:42 a.m. American Airlines flight AA5457 scheduled for 12:15 p.m. Live updates: Officials say 'no survivors' after plane crash near Washington, DC At this time, Delta Air Lines flight 9E5221 scheduled to leave Cincinnati for Reagan at 2:29 p.m. remains listed as on-time. An afternoon flight from Cincinnati to nearby Dulles International Airport is also still on-time. The crash occurred just before 9 p.m. Wednesday when American Airlines Flight 5342 from Wichita, Kansas, attempted to land and collided in midair with the Blackhawk helicopter, which was carrying three people. Early Friday, Officials have not said whether there were any survivors, and scores were feared dead. This article originally appeared on Cincinnati Enquirer: Plane crash: CVG flights to Ronald Reagan Washington Airport canceled
