Business

Local Co-Working Phenom COhatch Expanding To Florida

7 Apr , 2021  

By 1808Delaware, COhatch

COhatch, the pioneering co-working phenomenon with two locations in Delaware County (Polaris Fashion Place and Downtown Delaware) is expanding to the south.

No, we’re not talking about Chillicothe. We’re talking Florida.

The company, with a new approach to shared work, social, and family space, will be opening three Tampa-area locations in the coming months. The trio of work/life integration locations spanning St. Petersburg, West Tampa and Lakeland expand the company’s footprint beyond its Midwest roots and are the forerunners to its national foray. More…

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Business

Ohio’s Unemployment Numbers Improve Slightly; Delaware County’s Hold Steady

1 Apr , 2021  

By 1808Delaware with information from the Ohio Department of Job and Family Services

When unemployment numbers for Ohio counties was released this week, they reflected in a positive direction for Ohio in general and Delaware County in particular.

Ohio’s seasonally adjusted unemployment rate was 5.0% in February, down from 5.3% in January.

289,000 workers were unemployed in Ohio in February, down from 360,000 the month before. That noted, the number of unemployed Ohioans has increased by 10,000 in the last 12 months, suggesting that levels have basically reached pre-pandemic levels. More…

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Business

Regional President Named For Local Bank

29 Mar , 2021  

The First Citizens National Bank BizSpotlight - Columbus Business First

Special to 1808Delaware

Mark Johnson, President and CEO of The First Citizens National Bank, has announced that Frank Reinhard joined the bank team as Regional President, Delaware Market. Reinhard will lead the bank’s team of business banking advisors, commercial lenders, and business banking specialists from its new banking center at the corner of W. William Street and S. Franklin Street
in Delaware, Ohio that will open in April. More…

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Business

New 40,000 Square Foot Building Coming To Westar

22 Mar , 2021  

Special to 1808Delaware

A new three-story, 40,000 sq. ft. building on Meridian Way in Westar Place will soon take shape. Newly released renderings for Meridian Place show space for a rooftop bar, attractive landscaping, outdoor seating and ample parking.

In addition to providing more office space to the area, the development will bolster the corridor’s already impressive menu of high-end amenities. The building is developed by Trivium Development LLC, responsible for bringing Starbucks, Bru Burger and Local Cantina restaurants to Westar Place More…

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Business

US Department Of Labor Recovers Back Wages From Creative Foundations, Inc.

21 Mar , 2021  

Creative Foundations Inc. has paid $327,848 in back wages to 223 employees after the U.S. Department of Labor’s Wage and Hour Division found the Delaware-based employer violated the Fair Labor Standards Act’s overtime and child labor requirements. The department assessed $671 in civil money penalties for the employer’s child labor violations.

Investigators determined the employer violated the FLSA’s overtime requirements when it paid some employees flat salaries regardless of the number of hours they worked each week. By doing so, the employer failed to pay overtime to those employees when they worked more than 40 hours in a workweek.

Investigators found Creative Foundations further violated overtime requirements when they failed to pay health care employees for time they spent traveling between clients’ locations during the workday. More…

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Business, Powell/Lewis Center

Condado Tacos Opens Carry-Out Only Location In Powell

15 Mar , 2021  

By 1808Delaware

Condado Tacos, the award-winning taco joint specializing in unique tacos, tequilas and margaritas, will open its first Condado Carryout location in Powell on Monday.

This pilot concept will offer the same great Condado Tacos menu as the company tests a new pick-up and curbside exclusive experience as well as an expanded delivery footprint and added capacity for catering. Condado Carryout, just north of Columbus, will offer the full Condado Tacos build-your-own menu of innovative and affordable tacos, bowls and nachos. More…

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Business

Polaris Owner May Be Readying For Bankripctcy Filing, Business First Reports

8 Mar , 2021  

By 1808Delaware

Columbus Business First reported last week that Washington Prime Group Inc., the owner of shopping centers across the country including Polaris Fashion Place, may be nearing bankruptcy according to “published reports.”

Those reports say that the company has reached an impasse with creditors.

The Business First story can be read here. More…

Business, Polaris Area

Chase Bank’s Delaware County Solar Array Being Replicated Company Wide

4 Mar , 2021  

By 1808Delaware

It has been reported to be the second-largest solar installation in the world, and it sits on the southern edge of Delaware County.

Consistent with its commitment to building a sustainable future, Chase Bank is now replicating that array in its branches and facilities across the country. The goal is providing close to 30% of each location’s power.

At present, some 17 Chase Bank branches in the Indianapolis area are being outfitted with solar panels, the Indianapolis Business Journal recently reported. More…

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Business

Grief, Inc. Sells Alabama Acerage For $149 Million

1 Mar , 2021  

Special to 1808Delaware

Greif, Inc., a global leader in industrial packaging products and services based in Delaware County, has announced an agreement to sell 69,200 acres of timberlands in southwest Alabama to Weyerhaeuser Company (NYSE: WY) for approximately $149 million in cash.

Proceeds from the transaction will be applied to debt repayment. While this transaction is subject to tax, the Company has tax losses from other transactions which will substantially mitigate the tax associated with this land sale. More…

Business

Greif Reports First Quarter Financial Results

26 Feb , 2021  

Special to 1808Delaware

Greif, Inc., a global leader in industrial packaging products and services based in Delaware County, announced first quarter 2021 results on Wednesday.

First Quarter Financial Highlights include (all results compared to the first quarter of 2020 unless otherwise noted):

  • Net income of $23.4 million or $0.40 per diluted Class A share decreased compared to net income of $32.3 million or $0.55 per diluted Class A share. Net income, excluding the impact of adjustments(1), of $35.9 million or $0.61 per diluted Class A share decreased compared to net income, excluding the impact of adjustments, of $37.9 million or $0.64 per diluted Class A share.
  • Adjusted EBITDA(2) decreased by $8.9 million to $138.5 million.
  • Net cash provided by operating activities decreased by $8.0 million to a source of $11.5 million. Adjusted free cash flow(3) increased by $1.8 million to a use of $11.5 million
  • Total debt decreased by $268.7 million to $2,539.4 million. Net debt(4) decreased by $279.3 million to $2,438.0 million.

More…

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Business, Polaris Area

Agapé Mediterranean Sure To Delight

21 Feb , 2021  

By 1808Delaware

The stream of new eating experiences coming to the Polaris area continues this winter, despite the challenges posed by the COVID-19 pandemic.

Recently, the new Agapé Mediterranean opened its doors at 405 Polaris Parkway.

The Greek themed restaurant is owned and managed by four friends (see photo below), each handling a segment of the restaurant’s operation.

Devotees of Chipotle would understand the format. As its menu shows, the emphasis at Agapé is on pitas, salads, and bowls. For each, proteins (gryo, Greek chicken, Chicken Shawarma, Falafel, and Veggie), toppings, sauces, spreads, and more can be added. More…

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Business

Here Are The Proposals To Raise The Minimum Wage For Ohio Workers

1 Feb , 2021  

By Tyler Buchanan, Ohio Capital Journal

There are multiple efforts underway to raise the minimum wage for Ohio workers to $15 an hour.

The plans differ slightly on the timeline to reach that goal, but Democrats in the Ohio Statehouse, in Congress and in the White House are simultaneously pushing for an increase they say is necessary to benefit low-income Americans.

The federal minimum wage is $7.25 per hour for non-tipped employees, but states are allowed to set theirs higher. More…

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