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Business News Transportation

Knight Foundation Announces Nearly 150 Finalists For Cities Challenge

The Knight Foundation will announce their list of finalists in the Knight Cities Challenge today. The finalists have been pulled from a collection of more than 4,500 ideas submitted through the challenge to help improve the vibrancy of cities throughout America.

The competition, as with all Knight Foundation grants, is limited to the 26 communities where the organization focuses its efforts. The nearest cities to Cincinnati include Akron and Lexington – both of which were places where the Knight brothers once owned newspapers.

“Through the challenge we want to find new voices and new ideas that capture the three key ingredients of city success—talent, opportunity and engagement,” said Carol Coletta, Knight Foundation vice president for community and national initiatives. “We see these as essential to the challenge and to building stronger futures for all of our cities.”

Akron has become a bit of a darling in the Knight Foundation group as many efforts originating their so tightly align with the non-profit’s core values. In fact, this past October Akron grabbed national headlines when it staged a 500-person dinner on an underutilized highway in the heart of the city – an effort the Knight Foundation supported financially.

The winners of this year’s challenge will be awarded grants to implement their ideas from a pool of $5 million. The target, program officials say, is to invest in civic innovators who help cities attract and keep talented people, expand economic opportunity and create a culture of engagement. Such a model is similar to what People’s Liberty has taken on here in Cincinnati.

Three projects that may prove of interest to leaders here in the Queen City include the Tree Debris to Opportunity project in Boulder, and the New Flavors Food Truck project in North Dakota.

In Boulder, city officials are looking to turn tree debris into an opportunity by training members of the community looking for new skills into collectors and artisans. Through the project, participants would work with the city to collect tree debris and turn it into furniture and art – thus improving the cleanliness of the city and providing the participants with new skills.

In Cincinnati, such a program could potentially help bolster Mayor John Cranley‘s Hand Up Initiative which is aiming to lift 4,000 Cincinnatians out of poverty, while also helping improve the cleanliness of city neighborhoods.

The proposal for the New Flavors Food Truck looks to capitalize on the continued popularity and low-cost of food trucks. In this effort, the organizers would use a generic food truck to provide opportunities to new immigrants to start new food service businesses or restaurants.

With Cincinnati placing a growing interest in embracing and growing its immigrant population, an idea akin to this might serve as a good building block to empower those individuals.

The Knight Foundation will select the winners from this pool of nearly 150 finalists later this spring.

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Business News

Federal Reserve Finds Cincinnati Out-Performing Many Of Its Regional, National Peers

The Vice President and Senior Regional Officer of the Federal Reserve Bank of Cleveland‘s Cincinnati Branch, LaVaughn Henry, says that the Cincinnati Metropolitan Statistical Area continues to show positive signs in recovering from the Great Recession, and is moving toward a position of long-term growth.

At approximately 2% higher than its pre-recession level, Henry says that per capita GDP in the Cincinnati area is out-performing other nearby metropolitan areas, along with the rest of Ohio.

Likewise, the unemployment rate is lower in Cincinnati than other metropolitan areas nearby. It is currently 4.1%, the lowest level in a decade. However, employment is still nearly 2% below its pre-recession level in the Cincinnati region.

The construction industry has seen large employment gains in the area, driven by increased home sales but also by Cincinnati’s ongoing center city construction boom.

Henry reports that the region’s manufacturing is also growing healthily, surpassing the growth seen both nationally and state-wide. This growth, he says, reflects increased demand from the aviation and automobile sectors of the U.S. economy. These two sectors, however, only account for 4% and 10% of the metropolitan GDP, respectively.

Larger sectors like transportation and utilities, while still seeing growth, are increasing at a slower pace.

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Up To Speed

Is the Great Lakes region ready to start acting like a megaregion?

Is the Great Lakes region ready to start acting like a megaregion?.

Only a small piece of land between Cincinnati and Dayton remains undeveloped, and many believe that remaining gap will disappear very soon. But the merging of Cincinnati and Dayton as one large metropolitan region is only part of the story, as shared regional identities with other large urban centers throughout the Great Lakes region becomes more pervasive. This and other regions like it around the U.S. are becoming even more centralized. More from The Week:

Though the concept has existed in academia for decades, planners are now looking at these dense corridors of population, businesses, and transportation and wondering if the megaregion may, in fact, be the next step in America’s evolution. With renewed interest and investment in urban centers and the projected growth of high speed rail, megaregions could easily become home to millions more Americans.

The Northeast corridor, for example, could receive up to 18 million more residents by 2050, according to estimates from the Regional Plan Association. And the region encompassing major cities in Texas including Houston and Dallas could see a spike from roughly 12 million to 18 million people in that same time, the association says.

And where population goes, economic growth is not far behind. The Northeast corridor would be the fifth largest economy in the world, with the Great Lakes megaregion at ninth and the Southern California megaregion outpacing Indonesia, Turkey, and the Netherlands as the 18th largest, according to 2012 estimates from real estate advisory RCLCO. The problem is, there are challenges to making these networks hold together. Unlike megaregions in Europe and Asia, for example, the United States has traditionally shied away from large umbrella governing organizations which surpass state borders.

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Business News

Federal Reserve Has Rosy Outlook for Cincinnati’s Over-Performing Economy

A spring 2015 update on the economic health of the Cincinnati region from the Federal Reserve Bank of Cleveland gives reason for optimism when it comes to the area’s recovery.

The Cincinnati metropolitan area is recovering at a rate equal to that of the nation, and production, income, and GDP are all up in the area. LaVaughn Henry, vice president and senior regional officer of the Federal Reserve Bank of Cleveland’s Cincinnati Branch, cited the area’s diversified economy as one reason for robust growth.

More specifically, the Fed pointed to Cincinnati’s large employment percentages in the consumer marketing field as a reason for its success. As the nation continues to recover and consumer confidence and consumption rise, Cincinnati is poised to benefit at a greater rate than other metropolitan areas.

Further bolstering the region’s growth are the construction and manufacturing sectors, having grown 7% and 4% over the last year, respectively. Healthcare and education are also growing, while the area’s business and professional sectors are lagging behind national averages.

Overall Cincinnati’s performance seems to be mirroring that of the nation, with high growth in manufacturing and construction, stagnant growth in government, and large drops in the information sector.

The region’s employment rate now stands at 4.5%, nearly a point lower than the national average and the lowest level in 10 years. The average Cincinnatian is seeing the fruits of this economic growth, with wages growing faster than the rest of Ohio and other nearby metros. Henry says that wages are poised to reach an average of $840 a week – a level not seen since 2007.

The region, however, has not yet managed to reach pre-Recession employment levels. This is in line with the national trend, although behind local metropolitan areas.

The Federal Reserve Bank of Cleveland also cited recent announcements from companies planning major job expansions as reason for continued optimism that the area’s employment growth will continue. While the local housing market has seen sluggish growth, the Henry says that shrinking housing supply and increased construction will strengthen the sector.

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Development News Opinion

Why Does Kroger Continue to Avoid Urban Store Model in Cincinnati?

Kroger is one of the Queen City’s prized Fortune 500 gems. The company was founded here in 1883 and has grown into the nation’s largest grocer, and one of the nation’s largest retailers overall. While the company has done much good for the city, the question is now being asked if they are now content with their hometown market.

While public officials work to rid the city of its food deserts, Kroger has been largely absent from the conversation. Furthermore, the grocer’s remaining stores throughout the city are seemingly in a constant state of fear of closure. Cincinnati still has Kroger stores in about a half-dozen neighborhoods, but many have either fallen into disrepair or are showcases of urban design failures.

In 2008, Kroger rebuilt its East Price Hill store to the pleasure of city and neighborhood leaders. The possibility of losing the neighborhood’s only full-service grocery store was a real concern. While shiny and new, the rebuilt store now sits more than 100 feet off of Warsaw Avenue, with a sea of parking and a Kroger Fueling Station in front.

Mt. Washington had their neighborhood Kroger built in 1999. In this case, the parking for the store is off to the side of the building, and it sits right along Beechmont Avenue. However, the building includes virtually no windows, and instead of serving as an anchor for the business district is more of an eyesore. While its site plan differs from Kroger’s East Price Hill store, both are still oriented to cars, not the pedestrians or cyclists that make the respective neighborhood business districts attractive.

As UrbanCincy reported yesterday, Kroger is now working with transit officials to improve bus facilities in and around their Walnut Hills store in Peeble’s Corner. But aside from that, the store is essentially defined by the same story as its Mt. Washington counterpart.

In Corryville a different story is unfolding. First developed in the 1960s as part of what is now seen as an awful urban renewal project, Kroger’s uptown store is one of its worst. Fortunately the store will soon be torn down, but after years of discussions with neighborhood leaders and developers, it sounds as if the new store will be not much different from the existing one in terms of its form or function.

Kroger stores in Winton Place and Westwood, and the one currently under construction in Oakley, are nothing more than urban design atrocities ignorant of their surroundings.

Of course, all of this goes without discussing the poor state of Kroger’s Over-the-Rhine store, which practically sits in the shadow of the company’s global headquarters, or the fact that Kroger has yet to actively pursue a store for the city’s exploding residential population downtown.

Meanwhile, approximately 80 miles south along I-75, Kroger has worked with community leaders in Lexington on a new store near the University of Kentucky. The newly opened 86,000-square-foot store is two stories tall with parking situated on the building’s rooftop. The structure is built to the street, includes facades with windows, café seating both inside and out, local food offerings, and has been designed with the surrounding community in mind.

In short, Lexington’s brand new Kroger shines as an example for what the Cincinnati-based company could and should build in its hometown.

Cincinnati is fortunate to have Kroger headquartered here; and the half-dozen or so neighborhoods that have a store are surely thankful to not be left stranded, but at some point Cincinnati should demand better from its hometown company. It is not too late for Kroger to get it right in Corryville, Walnut Hills, Over-the-Rhine, Downtown, or any of the city’s existing neighborhoods without any access to a full-service grocer.