Business

COhatch Expanding In Cincinnati, Indianapolis

28 Jun , 2020  

By: 1808Delaware, COhatch

COhatch, which may be the Midwest’s fastest growing co-working experience, is again in the process of opening more locations, this time in Cincinnati and Indianapolis.

The company currently has three Delaware County locations — The Newsstand located in the former Delaware Gazette building, and The Pub and The Hub, located at the Polaris Fashion Place Mall.

Here are details of the new locations courtesy of a COhatch press release and a trade journal article. More…

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Business

GNC To Close As Many As 1,200 Stores; No Delaware County Store In First Round

25 Jun , 2020  

By: 1808Delaware

Retailer GNC has announced that it has filed for Chapter 11 bankruptcy and will close a significant number of stores.

This is taking place as the company pursues the sale of its business.

According to a press release, GNC shared that “With the support of its lenders and key stakeholders, the Company expects to confirm a standalone plan of reorganization or consummate a sale that will enable the business to exit from this process in the fall of this year.” More…

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Business

Ohio Unemployment Claims Continue To Drop

21 Jun , 2020  

By: Ohio Capital Journal Staff

The Ohio Department of Job and Family Services (ODJFS) put out its latest jobless claims figures for the week ending June 13, with 32,788 more filed, marking the seventh straight week of declining jobless claims in Ohio.

That brings the total number of jobless claims filed in Ohio over the last 13 weeks to 1,360,631, which is more than the combined total of those filed during the last three years.

A news release Thursday from ODJFS said those who remain jobless filed 287,499 fewer continued claims last week compared to the peak in April. More…

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Business

Grant Program Has First Recipient

17 Jun , 2020  

By: 1808Delaware Staff

The City of Delaware’s Business Assistance Grant Program has its first recipient.

As shared on social media by Delaware City Economic Development, Olivina Taproom on South Sandusky Street in downtown Delaware has received a grant through the program, which is designed to assist city businesses impacted by COVID-19 and/or recent flooding. More…

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Business

Delaware’s Open Again

12 Jun , 2020  

Business

JCPenney Closing 154 Stores This Summer; Polaris Location Not Included

7 Jun , 2020  

By: 1808Delaware Staff

In early May, we shared the news that the JCPenney Company was possibly closing up to one-quarter of its stores across the country in face of ongoing challenges and the impact of COVID-19.

This past week, the first stage in that process began with the announced closure of 154 JCPenney locations. The location at Polaris Fashion Place was not among them.

A release shared by the company on Thursday stated that the choice of which stores to close came “Following a comprehensive evaluation of its retail footprint and a careful analysis of store performance and future strategic fit for the company.” More…

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Business

Ohio Reopens Some More For Some More Summer Fun

5 Jun , 2020  

By: 1808Delaware Staff

Going to the movies might be a different experience for awhile, but, then again, it’s better than not going, right?

With the notable exception of amusement parks, Ohio’s entertainment venues will be able to reopen to the public as of June 10, albeit with mandatory and recommended health and safety restrictions in place. More…

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Business

Grief Declares Second Quarter Dividends

3 Jun , 2020  

Greif, Inc., a world leader in industrial packaging products and services based in Delaware, announced Tuesday that its Board of Directors has declared quarterly cash dividends of $0.44 per share on its Class A Common Stock, and $0.66 per share on its Class B Common Stock.

The dividends are payable on July 1, to stockholders of record at the close of business on June 18. More…

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Business, Delaware

Applications Coming In For New City Grant Program

2 Jun , 2020  

By: 1808Delaware Staff

It’s still the consensus of Delaware City Council that the new Business Assistance Grant Program is a great idea.

They just need a bit more time to put all of the pieces in place.

During Council’s Virtual Work Session held on Monday evening, the measure was up for consideration on a second reading. Assistant City Manager Kyle Kridler that the wording of the ordinance has not changed since its first reading on May 26, and that it is clear that the word is getting out about the new program. City Economic Development Director Sean Hughes shared with Council that eight applications have been received to date. More…

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Business, Life in Delaware County

Delaware County, Area Unemployment Rates Climb

28 May , 2020  

By: 1808Delaware Staff

The numbers were expected, however seeing them in black and white is unsettling.

On Wednesday, unemployment rates for Ohio’s counties and metropolitan areas were released by the Ohio Department of Job and Family Services.

On May 24, we shared information about Ohio’s overall unemployment rate, which stood at 16.8%. Some 823,700 fewer Ohioans had non-agricultural positions in April than in the previous month. More…

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Business

Delaware Council Supports Small Business Grant Program Idea

27 May , 2020  

By: 1808Delaware Staff

Often, last minute ideas driven by intense need can result in creative solutions.

Such was the background for a request to Delaware City Council at its Tuesday evening virtual Special Meeting to consider supporting the creation of a new Business Assistance Grant Program for businesses within the city impacted by the COVID-19 pandemic and/or recent flooding.

As described by Assistant City Manager Kyle Kridler, the Delaware program would be similar to those already enacted in other central Ohio communities, including one in Union County, that have seen success. More…

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Business

Pier 1 Closing All Stores

26 May , 2020  

By: 1808Delaware Staff

Earlier this year, Texas-based Pier I filed for bankruptcy.

Now, with the coronavirus pandemic’s dramatic impact on the country’s retail industry, the chain has been forced to abandon hopes of finding a buyer and has received court approval to close all 450 stores.

As shared by the company, “Ultimately, due to the combination of a challenging retail environment and the new reality and uncertainty of a post-COVID world, we and our advisors determined that we will wind down the business.” More…

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