City's Economic Development Division Helps Facilitate Job Growth
Neighborhoods Throughout The City To Benefit
Cincinnati's Budget and Finance Committee recommended passage of an ordinance that will assist the E.W. Scripps Company, located at 312 Walnut Street, in making investments to their office space and grow their employee base. E.W. Scripps will retain 184 employees and create 125 new jobs within the next three years while increasing its payroll to $30 million. The new jobs will require skills in sales, design, marketing and journalism.
E.W. Scripps runs television stations and newspaper companies throughout the country. They also hold the Scripps National Spelling Bee annually. The expansion at 312 Walnut Street will focus on the enhancement of the digital group division, which is responsible for new technology and product offerings.
Neighborhood businesses have also been working with the City's Economic Development team to spur growth and increase job opportunities in the local economy.
The deal must go to the full City Council for final passage.
Carthage - The Carthage-based supply company, Cincinnati Fastener and Industrial Supply, has committed to purchase the former Carthage Recreation Center and add new jobs. They will maintain 16 current employees and add at least 3 more employees by the end of 2014. The company has also agreed to retain these 19 jobs for a minimum of 5 years.
Cincinnati Fastener will utilize the former Carthage Recreation Center as a storage facility for two years before determining the best use of the space for the future.
The Carthage Recreation Center was closed in 2010 and, because of recent copper thefts, has sustained significant damage to its electrical system. The purchase by Cincinnati Fastener and Industrial Supply of this property will allow the company to expand its facilities at its current location.
Clifton - The former IGA Supermarket in Clifton, under the new ownership of Goessling Enterprises, will benefit from a Community Reinvestment Area tax exemption for its renovation. The new ownership expects to hire 15 full-time employees, as well as 30 part-time employees, with an estimated payroll of $1.1 million.
Goessling Enterprises plans to completely remodel the interior of the former IGA Supermarket including new flooring, energy efficient refrigeration equipment, new checkout register system, lighting, and ceiling restoration. They also plan to complete extensive roof work, exterior painting, and signage.
In 2011, Cincinnati City Council passed an ordinance that called for this project to be LEED Certified. Although the remodeling will still contain many "green" aspects, in order to make the project financially feasible, it will not achieve LEED certification from the U.S. Green Building Council.