Category: Business

Categories
Business Development News

Cincinnati Habitat for Humanity opens ReStore in Bond Hill

Cincinnati Habitat for Humanity celebrated the opening of its much needed and anticipated ReStore over the weekend, an addition that will provide social, environmental and economic benefits to the community. The home improvement discount store will offer Cincinnati households a way to save money on home products, while also helping Cincinnati Habitat build affordable homes for deserving families throughout the city.

Customers visiting the ReStore can expect to find discounts on a variety of appliances, cabinets, flooring, doors, hardware, lumber, tools, windows and more. All materials sold at the ReStore are donated by local retailers, contractors and individuals within the community.

“The opening of the ReStore represents a new chapter for Cincinnati Habitat’s future,” said Paul Knue, Vice President of Cincinnati Habitat for Humanity’s Board of Directors. “The income the ReStore provides will help us change the lives of more families than ever before by creating a sustainable revenue source for our housing ministry. In addition, the ReStore provides us all with the opportunity to be better stewards of the environment, by recycling and keeping materials out of our landfills.”

The donated goods are sold to the public at a fraction of the retail price, while the donors are eligible to receive tax deductions for their contributions. The ReStore is located at 4910 Para Drive in Bond Hill (map) as part of a 35,000 square-foot building that also includes warehouse space, training space and office space for Cincinnati Habitat. The ReStore will be open from 9am to 5pm Tuesday through Saturday.

“If you support the ReStore, you support Habitat’s efforts to eliminate sub-standard housing in our neighborhoods, preserving our environment and helping families, help themselves” said Marissa Woodly, Development Director for Cincinnati Habitat for Humanity.

For more information become a fan on Facebook or follow them on Twitter @CincyHabitat.

Categories
Business News Transportation

American commuting patterns negatively impacting individual achievement

In Robert Pagliarini’s best-selling book The Other 8 Hours, he discusses how we use the eight hours of our daily lives, outside of the eight we presumably spend at work and at sleep, are what determine our success in life. Pagliarini urges readers to look beyond their job to find success in their life whether it be through starting a business, losing weight, developing a hobby or even getting control of your finances.

Pagliarini states in his book that, “You lose 8 hours to sleep and you sell (at least) 8 hours to your job. That leaves just 8 more. What are you doing during the other 8 hours, and more importantly, what are the other 8 hours doing for you?”

The book relies on the assumption though that each person has a clearly delineated, and evenly balanced, three-slice pie. This is obviously not reality, but if we were to follow Pagliarini’s advice by maximizing The Other 8, what would we find?

With 16 hours of the day already ruled out for work and sleep we have just 8 valuable hours to improve our lives in the way we choose. A 2005 study by the Telework Exchange showed that Federal employees spent an average of 233 hours of their life commuting each year – a number that does not factor in the time spent driving on daily errands. The study found that if Federal employees were to telework three days each week, that they would get 98 hours of their life back each year. Citing an average savings of an hour per day, the Telework Exchange study identified that those teleworking can earn an MBA 35 percent faster, read 25 books in a year, clean out 83 closets, or train for a marathon with the time saved by not commuting.

This data is supportive of more than just teleworking, but reduced commuting and travel times in general. Those who are able to walk to work due to close proximity experience such savings, as do transit riders who are able to utilize their commute time for other enriching purposes that Pagliarini identifies as ways to improve your life.  Those who walk benefit doubly as they not only save themselves free time, but the time they do spend commuting helps to improve their health.

“Look around, anyone who is successful and lives a rich and meaningful life has used the other 8 hours,” Pagliarini exclaims. “Day in and day out, while others squander this time, they have invested it.”

The majority of people have overbooked schedules that do not have any more room to develop these personal attributes and improve their life. As a result that means each individual seeking success should look to maximize the free time they do have. Americans’ current commuting patterns dictate that approximately 15-20 percent of their “free time” is immediately wasted sitting in a car. If that time could be cut in half five to six days a week, the average American would experience similar time savings to the aforementioned federal employees who telecommuted three days a week, and experience similar benefits.

It appears that a clear option for Americans trying to improve their lives socially, financially, health-wise, or educationally is to cut out identified “life leeches” like commuting that suck up individual free time.

Categories
Business Development News

2nd wall collapse of Cincinnati’s oldest brewery forces demolition

Despite the efforts and desire of building owner Duane Donohoo to save the structure, Cincinnati’s oldest brewery was brought to the ground this past Sunday under an emergency demolition order from the City. Following the original wall collapse two weekends ago, the building at the northeast corner of Stonewall and McMicken (map), nicknamed “Brewers Blvd”, appeared destined to be rebuilt and saved from the wrecking ball, however high winds Friday triggered a second, larger collapse of the western wall leaving it as a dangerous liability.

With the one wall crumbling, and suggestions that the buildings facade may soon follow suit, Donohoo declined to fight the demolition out of concern for the safety of those in the vicinity of the building. Thus the oldest of seven structures that comprise the Clyffside Brewing complex in the northern section of Over the Rhine’s Brewery District has been lost.

When the two-story brick building was constructed in 1846, the facility brewed only a modest 275 barrels of beer in its first year of operation under its original moniker of George Klotter & Company. Since those days, expansions and ownership changes have seen the buildings produce ales and lagers under the banners of Sohn, Mohawk, the aforementioned Clyffside, and most recently as Red Top Brewing Company, before closing its doors on September 27, 1957, leaving over 150 Cincinnatians jobless

Regardless of this significant historical loss of the city’s history, Donohoo confirms the the redevelopment plan, which includes condos with terraced, city-view decks and indoor parking, will move forward in the remaining brewery buildings. When it is all said and done, Donohoo plans to put between $3-$3.5 million in the property, and still hopes for it to be an anchor of a revitalized Brewery District.

Categories
Business News

Downtown Cincinnati experiences strong progress during recession

If Cincinnati is our home, then downtown is akin to our city’s kitchen. Downtown is where we, as a community, watch television (Fountain Square), downtown is where we eat, and downtown is where we complete our financial transactions. This is the analogy Mayor Mark Mallory used at the 2010 State of Downtown meeting held this past Thursday, April 29th.

Mayor Mallory also likened downtown to an engine that is “hot and running well” at the Annual Member Meeting hosted by Downtown Cincinnati Inc. (DCI). The positive 2009 report identified several positive indicators during one of the most difficult economic years the nation has seen including:

  • $116 million in completed construction and renovation project with another $1.6 billion in projects currently in progress
  • More than 445,000 square feet of office expansions, renewals and relocations in 2009
  • 30 new retail/restaurant/entertainment establishments opened in the central business district
  • 140 single family homes were sold, keeping population growth consistent with projections
  • $59 million economic impact of total room nights marked a record setting year for hotels
  • The Main Library, Cincinnati Museum Center, Krohn Conservatory and Fountain Square all posted record attendance years
  • Overall crime rate for the central business district/riverfront was down double digits in Part 1 and Part 2 offenses over the past decade, helping make Cincinnati the 7th safest city for pedestrians out of the nation’s 52 largest metro areas
  • DCI’s 3rd annual pedestrian count study showed a continued increase during peak weekday times (11am to 2pm), and a total increase of 20% in pedestrians during the evening hours
  • A partnership with the Hamilton County Department of Pretrial Services and the County Jail, University Hospital, Summit Behavioral Healthcare and others to identified the top 16 high risk panhandlers; placing 3 of the 16 cases in permanent housing to date

The meeting, which lasted for just a little over an hour, also included remarks from the Senior Regional Officer of the Cincinnati/Cleveland Branches of the Federal Reserve Bank Dr. LaVaughn Henry, Hamilton County Commissioner Greg Hartmann, Cincinnati City Manager Milton Dohoney, and DCI president David Ginsburg.

The speakers focused on the importance of economic development in the greater downtown areas, each bringing a different viewpoint to the podium. Commissioner Hartmann spoke briefly about the importance of downtown to all of Hamilton County and the region, while using the casino development as a prime example of how to get the public excited and involved in the development process. Dr. LaVaughn Henry addressed the national economic recession and stated that while unemployment is still high here in Cincinnati and across the country, the rate of job loss is slowing and consumer confidence is on the rise.

Downtown Cincinnati’s population has experienced steady population growth since 2005, and is expected to double by 2012 with the continued renovation of Over-the-Rhine and the opening of The Banks.

City Manager Milton Dohoney stressed the importance of taking risks, while also being cautious in our approach. His remarks on economic development revolved around the creation of new jobs, smarter land use, and partnership and investment in our community.

“Big steps equal big gains,” Dohoney commented in regards to taking risks. “We must work on expanding our tax base, while also proving that we are an inclusive community.”

Following the meeting, UrbanCincy caught up with DCI President David Ginsburg where he discussed the importance of projects like The Banks and the Broadway Commons Casino ultimately not becoming a single destination. Ginsburg also brought up the importance of “zoning flexibility” when it comes to downtown vacancy issues.

“Our primary role is to enhance downtown’s potential as a vibrant, clean and communal place that attracts employers, art, music and the creative class,” Ginsburg stated. “We must continue to improve downtown’s perception by getting more people downtown to witness the improvements firsthand. You wouldn’t buy a new car until you test drove it, so we need to get more people to test drive downtown.”

Categories
Business News

Bold Fusion 2010 invites young professionals to realign

The 6th Annual Cincinnati USA Regional Chamber summit for young professionals takes place this Thursday, April 29. Called Bold Fusion, the event offers an opportunity for the next generation of movers and shakers to come together and “challenge the way they work and live in Cincinnati USA.”

The focus of this year’s half-day event is on innovation and reshaping traditional work and lifestyles for the future. An impressive array of presenters is lined up to inspire and invoke new thoughts. Most notably, the keynote speaker is Cincinnati-native David Pescovitz, research director at The Institute for the Future and the co-editor of popular blog BoingBoing. His goal is to shake up the views of the Bold Fusion attendees and get them to rethink they way they live and the companies they represent professionally.

“Many of the best ideas may come from unexpected contributors,” explained Pescovitz who went on to say that those contributors can come from so far outside an organization’s own walls that they even speak a different language.

2009 Bold Fusion attendees [LEFT] were treated to Richard Boehne, CEO of E.W. Scripps [RIGHT], who served as the summit’s keynote speaker last year. Images provided.

The other speakers are nothing to scoff at, either. The day kicks off with LPK’s Vice President of Trends, Valerie Jacobs, giving a “back cast” that will look at the ways sociocultural trends have shaped our lives over the last several years, in order to propel us into the future.

There will also be other local professionals giving their personal accounts of jumping into the murky waters of innovation, and how they have grown and changed through those experiences, including Chris Ostoich of Blackbook and Ignite Cincinnati; Chris Graves, Enquirer Media/Locals on Living and Amy Storer-Scalia of CincyChic; Erika Brown, P&G Beauty & Grooming Brand Manager of Digital Strategy & Innovation, Founder of BeingGirl.com and Co-founder of Tremor; Meredith Holthaus and Pete Healy, Museum of Advertising; Elizabeth Edwards, Metro Innovation; and Steve Burns of AMP Electrical Vehicles.

A new twist this year is the introduction of Bold Fusion’s “Lounge 140” which will feature an assemblage of local social media gurus. This group will be updating attendees and those who unable to make the event through their various social media outlets. UrbanCincy’s own Jenny Kessler has been asked to be a part of Lounge 140, and will be tweeting about the event live @jenlkessler and from @UrbanCincy. Those looking to follow along with the live tweets about Bold Fusion can follow #CincyHype and even join in the conversation.

So, in a nutshell, why should you come to Bold Fusion?

“Bold Fusion 2010 wants all of Cincinnati USA’s creative makers, hackers, innovators and passionistas to participate in the largest convergence of young talent in a single place, around a single topic in the region,” said Jennifer Young, Marketing Communications Manager for Cincinnati USA. “Press pause, realign and decide what to make of your future.”

Bold Fusion will take place Thursday, April 29 from 1pm to 5pm at the Westin Hotel (map), with a happy hour event following the summit from 5pm to 7pm. Nonprofits and companies sending two or more people to Bold Fusion can purchase tickets for $45. College students can register for $35, Cincinnati USA members will be able to get in for $60 and all others will be able to attend for $85. You can register online now or by calling (513) 579-3111.