Wednesday, August 02, 2000

Tristate Business Summary


From staff reports

Expansions could create local jobs
        Four business expansions that could create more than 800 jobs over the next three years received tax abatements from the Ohio Tax Credit Authority.

        A 70 percent, eight-year credit was approved for Kohls Corp.'s proposed $28 million distribution center along Ohio 63 in Monroe. The department store chain, which is also looking at Indianapolis for a 525,000-square-foot warehouse, said the project would create 600 jobs in the first three years. A Kohls spokesman said no decision on the warehouse has been made.

        Spotlight Solutions Inc., a Deerfield Township software development firm, received a 65 percent credit for five years to move and expand its offices in a $1.8 million project expected to create 100 jobs. The company now employs 30.

        Medpace LLC, a Norwood medical research services company, received a 55 percent credit for up to five years for a $600,000 expansion expected to add 36 jobs. The company now employs 75.

        KnowToday Inc., a Cincinnati company that develops software, received a 60 percent credit for up to five years for a $400,000 expansion to lease space at 2 Garfield Place downtown. The project is expected to create 86 jobs for the company, which now employs 12.

Hilton Inn opens in Loveland
        Hilton Hotels Corp. opened the 88-room Hilton Garden Inn Cincinnati Northeast in Loveland.

        The three-story hotel, at 6288 Tri-Ridge Blvd., is owned by Trivedi & Associates LLC and operated under a license with Hilton Inns Inc. Brandy Wein Hospitality Inc. manages the hotel.

       



Spending remains strong
Cincinnati economy grew a little
P&G chief: Wait for 2nd half
Bookstore goes global
Blue chip stocks push Dow average higher
Industry notes: Retail
New brand of shopping seen as Rookwood Commons opens
PC On Call targets its 1st new city: Atlanta
- Tristate Business Summary
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