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CINCINNATI'S CORPORATE KARMA: CHIQUITA BOLTING FOR CHARLOTTE
Just months after luring away Covington payroll tax cash cows Omnicare and Nielsen, Cincinnati says goodbye to a larger one. Through the same tax break black magic, Charlotte has bribed Chiquita to accept a welfare check from North Carolina and to relocate in the former Confederacy. That's bananas!
The package of city, county and state incentives being offered Chiquita will total at least $6 million, according to sources who have seen the overall proposal. However, the state contribution could push that number higher, sources say.The bulk of the subsidy for Chiquita will come from a business-investment grant program that rebates 50% to 90% of the property taxes generated after the company relocates.
A rebate up to 90% of property taxes? For a Fortune 500 company? Yet, small businesses and would-be entrepreneurs struggle to get a nickle from a bank. Corporate welfare is alive and well in the United States.
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SEE ALSO: Pawn Shops Boom While Banks Don't Lend Business First
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KY IS SEEKING INCENTIVES FOR NEW START-UPS
These are the types of businesses that deserve a break:
A bill introduced in the past regular session of the General Assembly would have extended a tax credit to individuals who want to invest money in new small businesses—known as angel investing. Local lawmakers on both sides of the aisle plan to try again in the next session in January.Kentucky offers a angel investment tax credit to investment funds—not individuals—of up to 40 percent of the investment. Ohio and Indiana, along with more than 20 other states, offer similar incentives to individual investors.Cincinnati Enquirer/Scott Wartman
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GOV. BESHEAR TO HOLD 1:30PM PRESS CONFERENCE ON CHILD DEATHS
From Bluegrass Politics via Twitter: Gov. "Beshear will have a press conference at 1:30 p.m. about records regarding child fatalities. Newspapers have sued state to get records."
Will Follow This.
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FORMER GOV. FLETCHER TO HELP INAUGURATE BESHEAR?
Yep. Awkward.
SEE ALSO:Governor's Inauguration Agenda
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SOUTHGATE HOUSE REMEMBERED THROUGH VIDEO
Following the shocking closures of both the Southgate House (The RC News: Southgate House Closing) and the Mad Hatter (The RC News: One Venue Closes, Another Grows), music fans young and old lament the new void in the local scene. Each Note Secure has assembled some videos from the Southgate House as the community continues to mourn.
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COVINGTON'S SHOP LOCAL CAMPAIGN FOR DOWNTOWN
This Saturday:
Come learn ways to shop in downtown Covington for the holidays! Meet business owners, enjoy food and drink, test your knowledge of Covington businesses, and stick around to hear who won the storefront contest! We have some great contenders this year....Facebook Event
Event Includes: Refreshments, Photos with Santa
People's Choice Voting • 5:00-6:30 p.m
Local Business Trivia • 5:30 p.m.
Announcement of Renaissance District Storefront Competition Winners • 7:00 p.m.
City Commission "Best of Covington" Judging leave from The Avenue Lounge • 8:00 p.m.
Grand Prize winner announced at Goose Girl Fountain • 9:00 p.m
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BELLEVUE CHURCH IS TURNED INTO CONDOS
And it's appealing to former suburbanites:
A combination of a prime location and unparalleled architectural details have helped the lofts’ sales record so far. Priced in the mid $200,000s, three of the condos are sold and Lisa Dunhouse, Realtor for Comey & Shepherd, and has gotten much more interest in the remaining two condos after she had a photographer come in.The story and beautiful photos at the link.
Soapbox Cincinnati
SEE ALSO: Soapbox's featured neighborhood is Dayton, KY.
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NORTHERN BOONE COUNTY RIPE FOR DEVELOPMENT
Could be new destination for aviation industry:
No plans are finalized for the site, but many officials envision a large-scale light industrial park related to the aviation industry. The proximity to CVG and its DHL Express international air cargo hub could help attract companies such as aerospace manufacturers and retail distribution facilities.Cincinnati Enquirer/Amanda Van Benschoten
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THANKSGIVING CRASHES DOWN IN KY THIS YEAR
In a story that may refute an earlier one highlighter here (in which KY was listed among the worst drivers in the country), the numbers were better over Thanksgiving. 2 fatalities compared to 9 last year.
Herald-Leader
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EXPLORE THE LEVEE TONIGHT
If you're not coming to Mainstrasse tonight for the tree lighting, here's a fun option:
Featuring behind the scenes of the levee, discussion by the General Manager of the Levee’s future and commercial development in general. Afterwards will be a networking party at Star lanes, including free bowling, free shoes and appetizers.NKY Legacy
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COST OF PEANUT BUTTER HURTING FOOD PANTRIES
One of the most requested items is becoming too expensive:
Peanut butter is popular at food banks because it's a kid-friendly protein source that has a long shelf life and doesn't require special storage, cooking or utensils.A smaller peanut crop this year prompted producers to raise prices. Food banks say that means they'll buy or receive less peanut butter, pay more for it, or consider alternatives such as canned tuna or chicken.Local 12
AMERICAN AIRLINES NOW CHARGING FEES TO NON-PASSENGERS
LOL.
"Tough times unfortunately mean tough measures," American Airlines president Gerard Arpey said. "It's never an easy decision to ask our loyal customers, as well as thousands of people chosen at random out of a telephone book, to pay a little extra, but that's just the reality of today's economic climate. We hope all Americans will understand this when receiving one of our new bills in the mail."The Onion
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DID YOU MISS THIS MORNING'S NEWS?
Reactions pour in after Southgate House announces its closure; The future of Cincinnati's largest post office will be discussed tonight in Covington; Kentucky ranked among worst drivers while Cincinnati is ranked among saddest cities; Plus, 2 ways you can help children in Covington right now. Those stories and more at the link!
The RC News: News Round-Up -- Tuesday Morning
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