Category: Business

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Business News

MOVE Coworking Aims to Offer Non-Traditional Workers Healthy, Active Workspace

Coworking Space [Provided]

Ryan Meo and Patrick Hitches will open a coworking space in the Brighton District of Cincinnati’s West End neighborhood later this month. The two are taking a different approach and hoping MOVE Coworking will fare better than its predecessors.

Hitches and Meo describe the concept as an “active collaborative environment” that mixes the traditional shared working space with a fitness training facility. It will be the first of its kind in the region and stands in contrast to the three shuttered coworking spaces – Cincy Coworks, Working Side by Side and The Offices – that came before it.

“We believe living an active, healthy lifestyle helps to spark innovation, creativity and productivity,” Hitches explained. “We know from experience that the integration of hard work and play creates an element of true productivity, creativity and innovation in whatever your work or business may be.”

The business partners say that they believe part of the problem with other coworking spaces is that they essentially recreate a quiet office environment that many independent workers are looking to escape – something new pay-per-minute cafes are also trying to combat. To that end, they say that MOVE Coworking will include communal tables, stand-up desks, hanging hammocks, lounge areas and eventually treadmill desks.

Meo and Hitches come from different non-traditional work backgrounds that they believe will contribute to the success of their new business venture. Hitches has worked as a fitness entrepreneur, splitting time between Washington D.C. and Cincinnati, and Meo has spent his professional career doing web development outsourcing. They also say that, in addition to their non-traditional work backgrounds, they were motivated to make this investment due to all of the positive changes taking place in the city.

“There’s no denying the momentum and excitement of the changing neighborhoods all across downtown Cincinnati,” Hitches said. “I look around at all the architecture that has for so long been underutilized and really can’t believe we’ve waited this long to utilize these unique buildings. To me this is a huge opportunity to snag up one of these spaces to create a vision while cultivating a community of people who are also passionate about the positive changes to the city.”

The two are particularly excited about the historic warehouse building they will be located in, and Hitches, who lives car-free, says that as an avid cyclist he is also thrilled about the new Central Parkway Cycle Track out front.

MOVE Coworking will take up 5,000 square feet of space in the basement of the historic Mohawk Building. In order to get the space into the proper condition and fully outfitted, they say that they have invested somewhere around $100,000.

Those looking to use the coworking space or fitness component will have several options. Hitches says that every coworking package will include a membership to the gym space, but that people can also purchase fitness memberships independent of the coworking space. He also says that a yoga space will be added later this fall, and be inclusive in specific membership packages, while also being sold separately for those who just wish to access the yoga studio.

It will cost $20 for drop-in use of the coworking space, or $199 per month for a three days per week package and $270 per month for full-time 24-hour access. As of now, rates start at $70 per month for those who just wish to get a fitness membership.

“Instinctively I always wanted a place where I could go part-time to do some focused online work outside the gym or coffee shops where I would set up my laptop,” Hitches told UrbanCincy. “I now have a place in D.C. where I can utilize space that allows me to have a network of people outside the fitness professionals who I’m around daily in the training studio.”

With that in mind, Hitches and Meo are now hoping they can attract local entrepreneurs, solopreneurs and young professionals that are in search of an alternative workspace, where they can also surround themselves with other health-minded individuals.

MOVE Coworking will start giving private tours to potential members this week, and will have an official launch party on Wednesday, August 20.

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Business News Politics

Covington Estimates It Will Make $516,113 on Parking This Budget Cycle

While Cincinnati leaders would like to see their parking system generate more in revenue than it costs to operate and maintain it, that is not the reality. It is, however, the reality across the river in Covington.

A review of Covington’s recently approved 2014-2015 budget estimates the parking system will bring in approximately $1.6 million in revenue, while costing only $1.1 million for operations, maintenance and upgrades.

One of the largest chunks of Covington’s annual parking revenue, however, comes from lease payments which total about $491,000 – or nearly one-third of the city’s annual parking revenues.

Had Cincinnati followed through with its parking lease agreement, it too would have realized these benefits by offloading expenses and locking in fixed lease payments. Under Cincinnati’s parking lease, the city would have received anywhere from $3-4 million in annual payments from the concessionaire.

In order just to break even, the City of Cincinnati has and continues to defer needed maintenance and upgrades, while also depleting its parking fund.

Covington will also benefit from increased parking rates, which will net the city an additional $68,500 in the first year. Those changes include a 10-cent per hour increase for on-street parking meters, and a $2 per day increase at the RiverCenter Parking Garage.

In addition to on-street parking meters throughout downtown, Covington has 818 parking spaces in 16 surface lots and another 1,574 spaces in three different parking garages.

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Arts & Entertainment Business News

Walnut Hills Embracing Tactical Urbanism in Pursuit of its Own Transformation

Fresh Produce at the Findlay Market Farmstand in Walnut Hills [Jocelyn Gibson]

It has been an eventful summer Walnut Hills following the assignment of two grants for neighborhood ventures, kickoff of the Findlay Market Farmstand and Cincy Summer Streets events, as well as a host of other neighborhood events.

UrbanCincy last reported about the rehabilitation of the Samuel Hannaford-designed firehouse, and leasing of the ground floor commercial space by Fireside Pizza in June, and the We Are Walnut Hills Festival in May. Since then, the Walnut Hills Redevelopment Foundation (WHRF) has moved into the summer months with full roster of projects and activities.

The Findlay Market Farmstand began in early June with a variety of fresh, seasonal produce, all from within a 100-mile radius. Funded through a Healthy Initiatives Grant by Interact for Health, attendance was strong at the first Findlay Market Farmstand, but the WHRF says they will be going door-to-door within the neighborhood to ensure that all residents know where and when the farm stand will be open.

“Passersby and residents need to support the farmstand for it to be financially viable,” said Thea Munchel of the Walnut Hills Redevelopment Foundation. “We wanted to ensure that it would be in a space that would attract the neighborhood residents while also interesting people passing through.”

Organizers say that the farmstand will be open, going forward, on Thursdays from 4pm to 7pm at 767 McMillan Street, next to the aforementioned Firehouse. In addition to the produce offerings, they say there will be music, grilling, cooking classes and other rotating activities to build a sense of engagement.

It should be noted, however, that this is not the only, or even first, location for Findlay Market’s outreach into the city’s neighborhoods. Ohio’s oldest public market also sets up farmstands in East Price Hill and Westwood.

In addition to the Healthy Initiatives grant, the WHRF has partnered with Fifth Third Bank to create what they are calling the THRIVE Grant, which provides $3,000 to $15,000 to attract established businesses to the Peeble’s Corner business district. Angst Coffee is the first recipient of the grant, and is expected to open at 2437 Gilbert Avenue this fall. Built in 1890, and featuring exposed brick, warm colors and modern interior finishes, owners expect the space to be ideal for a coffee house.

Cincy Summer Streets, an open streets celebration, kicked off in Walnut Hills this past weekend as well. The event closed McMillan Street between Gilbert and Woodburn, and Woodburn between McMillan and Madison Road to automobiles, while opening the street up for biking, walking, dancing, art-making and fitness classes.

The event was meant to, and did, breathe new life into the streets with residents of all ages, mingling and enjoying the unseasonably mild weather. The Walnut Hills Area Council, Walnut Hills Redevelopment Foundation, East Walnut Hills Assembly, Art on the Streets, and the City of Cincinnati organized the event, while sponsorship came from The Carol Ann and Ralph V. Haile, Jr./U.S. Bank Foundation and Interact for Health.

Both Cincy Summer Streets and the Findlay Market Farmstand are examples of how the Walnut Hills community is embracing tactical urbanism as a way to transform itself.

To build on all this activity, neighborhood leaders will be preparing over coming weeks for the City of Cincinnati’s award-winning Neighborhood Enhancement Program (NEP), which will kick off in Walnut Hills on August 15. But for those looking to score some fresh produce from area farmers – you can do that at the next Findlay Market Farmstand set up in Walnut Hills this Thursday from 4pm to 7pm.

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Business Development News

PHOTOS: The Changing Face of Downtown Cincinnati

dunnhumbyUSA Centre

It’s not just housing that’s booming in the center city, there is also a slew of office, retail, hotel and infrastructure projects underway that are transforming Cincinnati’s skyline and its streetscapes.

All of the construction activity makes it feel as if there is work taking place in just about every corner of the central business district and its immediate surroundings. And for the most part, that feeling is valid.

In addition to the thousands of residential units under construction, work is also currently underway on the second phase of The Banks, which will include not only 300 additional apartments, but also General Electric’s new North American Global Operations Center, 313-room Renaissance Hotel, dunnhumbyUSA Centre, Mabley Place, reconstruction of Second Street, and work is about to get underway for the new 115-room Holiday Inn hotel at Seventh and Broadway Streets.

In addition to all of the construction work taking place, the weather earlier this month was terrific and made for a perfect time to take pictures of some of the center city’s beauty.

EDITORIAL NOTE: All 22 photos were taken by Travis Estell for UrbanCincy between July 2 and July 9, 2014.

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Business News

Community Blend Brings Co-op Coffee Shop to Evanston’s Revitalizing Neighborhood Business District

Community Blend in Evanston [Drew Baugh]

Community Blend served its first cup of Equal Exchange organic fair-trade coffee, purchased by Cincinnati Mayor John Cranley (D), just over a month ago and then officially opened its doors for business Monday, May 19, 2014.

Located in Evanston at 3546 Montgomery Road they are part of a neighborhood revitalization taking place that includes the new multi-million dollar King Studios – a pioneer studio from the 1940s to 1960s that brought R&B and Country musicians into the same place and featured artists anywhere from James Brown to the Delmore Brothers.

“We chose to rehab an existing building with local history as part of the revitalization of Evanston,” co-owner Trish Breedlove told UrbanCincy. “The building, at one time, housed a pharmacy. It was vacant for quite some time but has a new lease (literally!) to be a functioning business space.”

Community Blend was an idea originally had by a half-dozen people who wanted to open the city’s first co-op coffee shop. Even though it seems like a modest project, Interfaith Business Builders, a group of Cincinnatians from different faiths and social backgrounds, has been working on this project for four years.

While coming from different backgrounds, the people driving this vision all share a passion for justice and the empowerment of people, and place a strong value on community, cooperation and solidarity. Along with this they have had many different businesses churches, civic organizations, institutions and individuals that have invested time and funding into the cooperative midtown coffee shop.

It is worth noting that the University of Cincinnati’s Community Design Center and Xavier University’s Williams College of Business and Community Building Institute were also important partners on this project.

The element that really makes this not your average coffee shop is the fact that everyone working there also has an equal share in ownership. Breedlove says that each person has one share in the business, which equates to one vote within the company, and is voluntarily run by democratic process – everyone has a voice in the direction and day-to-day operations of Community Blend.

“We collaboratively, as equals, decide on all policy issues pertaining to the café,” said Breedlove. “We believe the cooperative business is a more compassionate business as we all share the burden in difficult economic times and equally share the benefits when the business is thriving.”

Apart from the democracy-laden business model, Community Blend offers above minimum wage pay to help keep the money earned there in the local economy since about half of their workers are from the neighborhood in Evanston. They also provide education and training for all of their employees.

Community Blend offers Equal Exchange fair trade coffees, teas, chocolates, and olive oils. According to Equal Exchange, they like to source their coffee from small-scale farmers who work as a community and share the risks and rewards of growing a crop that has been in their family for generations.

“They [Community Blend] focus on the betterment of the community, not just the individual. By drinking their coffee, you are supporting, youth empowerment, funding microfinance projects, protecting fragile biospheres and keeping hope alive.”

Like the workers at Community Blend, fair trade farmers and producers are also paid above market price in what is considered more fair compensation for their work.

Alongside the coffee, Breedlove says they are focusing locally-sourced foods as much as possible. They make sandwiches to order, use fresh fruit in their smoothies and freshly squeezed lemons to make their lemonade.

Community Blend is currently open Monday through Friday from 6:30am to 3pm, and on Saturdays and Sundays from 8am to 3pm. Breedlove says that they will also be open this Saturday from 6pm to 8pm when they host an evening of poetry reading and jazz by Marian Muhammad, backed by The Last Boppers. She says that those who attend can also expect some tap dancing.