The demolition of a decaying building at 14th and Vine streets ushers in the latest phase of The Gateway Project, a long-term venture to bring housing and business to the Over-the-Rhine area. The vacant site soon will be home to a 34-unit condominium project, Trinity Flats. The Model Group is building the condos as part of Gateway Quarter Phase III, which will bring a total of 107 new residential units and more than 15,000 square feet of commercial space to the area.

Since 2005, Cincinnati Center City Development Corp. (3CDC) and the city of Cincinnati have invested more than $70 million in Over-the-Rhine, with $58 million coming from private sources. Part of that investment went into Gateway Quarter, which is centered around 12th and Vine streets. Phases I and II of the Gateway project produced 91 condos and 12 rental units leased to the Art Academy of Cincinnati, and 22,785 square feet in renovated commercial space.

A $14.8 million grant from Ohio’s Third Frontier program, matched by $7.5 million in local money, helped CincyTechUSA invest in five new companies: Akebia Therapeutics, AssureRx LLC, iStatus, Zipscene and ThinkVine. CincyTech also helped secure an additional $3.9 million from other sources to help its initial portfolio of companies grow.

John Hayden, president and CEO of The Midland Co., is the new president of the Cincinnati USA Partnership, the regional economic development organization for the 15-county region of Southwest Ohio, Northern Kentucky, and Southeast Indiana. He also is chairman and CEO of American Modern Insurance Group Inc., a Midland subsidiary. Hayden chaired the board of the Cincinnati USA Regional Chamber in 2007; he was succeeded in that role by University of Cincinnati President Nancy Zimpher.

PPG Industries is expanding the headquarters and R&D facility for its packaging coatings business unit in Miami Township, with help from a $70,000 Rapid Outreach Grant approved by the state of Ohio. The grant helps pay for machinery and equipment to support the company’s expansion, which will add 10 employees to its current 55, and include construction of additional laboratory space.

Kendle International Inc. is getting a $100,000 grant from the Ohio Department of Development to help buy equipment for a $4 million expansion project at its downtown headquarters. The expansion is expected to create 75 new jobs to add to the 550 the company now employs locally.
Cincinnati business and civic leader Arn Bortz, a partner in Towne Properties of Cincinnati, was chosen to receive the prestigious Alice F. and Harris K. Weston Apple Award by the Architectural Foundation of Cincinnati. Honorees are selected for their contributions to the improvement of the building environment of Greater Cincinnati and increasing awareness of its significant historic and contemporary buildings, landscapes, and urban places.
Cincinnati-based beauty and health products manufacturer KAO Brands (formerly The Andrew Jergens Co.) will add 54,000 square feet to its existing 351,000-square-foot facility at Union Centre in West Chester.
BusinessWeek magazine rated the Groesbeck area of Colerain Township as “The Best Place to Raise Your Kids in the Nation.” The decision came with the help of data tracker OnBoard, a New York real estate researcher that analyzes community data.
Universal Trailer Corp. in Springdale, the nation’s largest specialty trailer company, secured $45 million in equity capital from Corporate
Partners II, a Lazard Alternative Investments fund.
Union Township will add nine new jobs when Slice of Stainless adds 21,000 square feet to its current 15,000-square-foot site. The company currently has 13 full-time employees.

Local economic development news may be e-mailed to