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Published: Wednesday, September 27, 2017 @ 1:11 PM
— A pharmaceuticals company is expanding in Vandalia and a steel and materials transportation company is coming to Franklin, after striking development agreements with JobsOhio, the state’s private development arm.
Adare Pharmaceuticals will create 29 new jobs with a payroll of $1.6 million and a fixed asset investment of $14.2 million, in exchange for a $100,000 state workforce grant.
The company will have nearly 250 workers at 845 Center Drive, Vandalia, in total before the end of the year 2020, said Lauren Panasewicz, a spokeswoman for Adare.
“It’s really an exciting time as the business is growing, and we’re really trying to be seen as an international pharmaceuticals company,” Panasewicz said. “We’re really focusing on our research and development effort across our growing pipeline. And then we also of course continue to advance our capabilities in terms of our manufacturing — and those are both key initiatives at our Vandalia site.”
In Franklin, Allied Crawford Inc. will be at 213 Industrial Drive. These will be 50 new jobs, with the building being renovated and occupied by the company, the state said. It’s the company’s first location in Ohio.
Real estate web site Loopnet described 213 Industrial as a 77,575-square-foot building with 7,700 square feet of office space.
Allied Crawford’s 50 project jobs are expected to yield a $1.45 million payroll, and the company is expected to make a nearly $3.6 million fixed asset investment in exchange for a $85,000 revitalization grant from the state.
Published: Wednesday, March 21, 2018 @ 7:05 AM
CareSource has added a new executive to its c-suite.
David Goltz is the new chief financial officer for the nonprofit insurer, which manages Medicaid plans.
CareSource said today in a statement that Goltz has more than 30 years of experience and most recently served as chief financial officer of emerging markets for Health Care Services Corp.
CarSource’s former chief financial officer Tarlton Thomas was recently promoted to chief operating officer, a position held by Bobby Jones who was promoted to president of CareSource’s Georgia market in July.
Goltz holds a degrees from the University of Wisconsin – Oshkosh ad University of St. Thomas.
Published: Tuesday, March 20, 2018 @ 12:46 PM
LEBANON — Warren County commissioners approved a community reinvestment area on Tuesday for 178 acres west of Ohio 48 in Hamilton Twp.
The agreement sets the stage for the township and school board to negotiate a tax sharing agreement for commercial or industrial development of the former SUMCO industrial site off Grandin Road, officials said.
The township is working with the owners of the property, the Rippe family and Nick Geraci, on a development there, administrator Michelle Tegtmeier said.
RELATED: South Lebanon annexes 220 acres
The formation of the reinvestment area comes after land, including the former Peters Cartridge Factory development, was annexed by South Lebanon, as part of an agreement for the developer to get a tax abatement on this development, costing the Little Miami Schools tax revenue on developments.
RELATED: History of Peters Cartridge Factory
The abatements granted in the new area would be 50 to 100 percent for up to 15 years.
Commissioner Shannon Jones noted property taxes have dwindled on the land since SUMCO left the site eight years ago.
Assistant Warren County Prosecutor Bruce McGary said the resolution establishing the reinvestment area set up a process including the school district “at the table” for negotiations of more than 50 percent in property tax breaks.
The former SUMCO complex is expected to be demolished in anticipation of new development on the industrial site.
Commissioner Dave Young specified that tax incentives would not be used to subsidize residential development.
“The main purpose is to drive commercial, industrial,” said Matthew Schnipke of the county economic development office.
The area also enables Hamilton Twp. “to be competitive with other areas,” including South Lebanon and other cities capable of offering similar incentives in exchange for annexation from the township.
The tax abatement agreements are more lucrative for cities and villages, which collect earning tax from businesses, unless a township is part of joint economic development district with such taxing authority.
“We really think this would be a kick-start,” Tegtmeier said, creating a better tax base for the heavily residential township, south of Lebanon and west of Mason. “Right now, we have nothing.”
Young said he typically opposes creating tax incentive areas through which communities compete with each other.
Published: Tuesday, March 20, 2018 @ 3:35 PM
— Amazon is looking to buy abandoned Toys ‘R’ Us storefronts once the company shuts them down for good.
The online retail giant is looking at the possibility of acquiring some Toys ‘R’ Us locations as it expands its brick-and-mortar footprint across the country, Bloomberg reported. The stores could be used to showcase its Echo devices.
Toys ‘R’ Us filed for bankruptcy last week. At the beginning of 2018, the chain had more than 800 stores before announcing in January that it would shutter 180 stores.
“Today marks the dawn of a new era at Toys“R”Us where we expect that the financial constraints that have held us back will be addressed in a lasting and effective way,” said Dave Brandon, chairman and chief executive officer.
» RELATED: 5 things to know about Amazon in Monroe
The possible interest comes as Amazon enters the brick-and-mortar game. The company purchased Whole Foods lst year, and it is also opening bookstores. Its cashless convenience stores, Amazon Go, are also reportedly expanding in states across the U.S. in coming years.
So, how does Amazon Go work? Consumers use the Amazon Go app to enter the store, take the products they want and walk out. No checkout. No lines.
The store’s technology uses computer vision, sensor fusion and deep learning to automatically detect when products are taken or returned to the shelves and keep track of them in a virtual cart. Customers grab their items and go, and then their Amazon account is charged with the bill. The store will offer ready-to-go meals, grocery essentials and even locally made food.
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Published: Tuesday, March 20, 2018 @ 10:19 AM
— As the country says farewell to a long, harsh winter for many, it's time to celebrate springtime with a free treat.
Rita's Italian Ice is once again giving away a free Italian ice on March 20 from noon to 9 p.m.
The promotion has grown in popularity over the years, with almost 1 million Italian ice cups given away in a nine-hour period in 2017, according to Rita's.