The Economy & Business

9:50am

Wed April 11, 2012
Business & Technology

Tidy Cats Catches Heat for "Litter Box" Billboard

Purina's Tidy Cats is apologizing for a tongue-in-cheek advertising campaign that compared a Cincinnati neighborhood to a litter box.

Local media outlets report the ad was part of a campaign pointing out things that stink. It was erected about a mile north of the Cincinnati’s  Over-the Rhine neighborhood, and said "You're so over Over-the-Rhine. Life stinks."

The neighborhood was the focus of race riots in the city a decade ago, but the area has seen major new development in recent years. Residents and others weighed in on Twitter, Facebook and the Tidy Cats website, and the St. Louis-based company issued an apology.

The Tidy Cats ad was removed and replaced with a billboard encouraging pet adoption.

8:32am

Thu April 5, 2012
Business & Technology

Regulators Say Nuclear Plant in Ohio Had Problems

Credit NRCgov

Regulators say several minor problems found at an Ohio nuclear power plant in 2011 have been ongoing for about two years.

The Nuclear Regulatory Commission says the Perry Nuclear Power Plant near Cleveland must devise a plan to correct the problems.

In a March 5 letter, a regulator says plant owner First Energy Nuclear Operating Co. and federal inspectors found errors in following proper work procedures and documentation.

The letter also cites an incident in April 2011 when a poorly designed plan to pull a radiation monitor from the reactor's core left workers near a radioactive cable. The crew escaped exposure by leaving the area quickly.

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5:09pm

Wed April 4, 2012
Business & Technology

Toledo Casino Site Soon Ready For Ohio Regulators

Slot machines are almost fully installed and table games have been delivered to Ohio's second casino, which is scheduled to open in late May in Toledo. That was among updates heard by Ohio regulators Wednesday as the state prepares for the openings of four voter-approved casinos.

Jeffrey Goodman of Hollywood Casino Toledo told state regulators that table games at the facility should be set up by mid-month, and slots would be ready for regulators to test at about that time. Goodman said more than 510 table and poker dealers were trained. The casino is aiming to open the last week of May, pending approval from the Ohio Casino Control Commission. Cleveland's casino is slated to open about two weeks earlier. Voters also approved casinos in Cincinnati and Columbus in 2009.

1:45pm

Wed April 4, 2012
Business & Technology

Ohio State Opens Center to Turn Research Into Cash

Credit bloggo chicago

COLUMBUS, Ohio (AP) - Ohio State University is opening a storefront center to link researchers, students and entrepreneurs in an effort to turn ideas into marketable products and jobs.

The Columbus Dispatch reports the $2 million Office of Technology Commercialization and Knowledge Transfer opens tomorrow.     

The office sits in a busy area off campus that includes restaurants, a book store, a movie theater and other businesses.  Video kiosks at the site show discoveries in various fields, such as medicine, agriculture and bioengineering.

Brian Cummings joined Ohio State last year and was handed the task of turning ideas into cash. He's says the university is a leader in research but has not converted it into commercially viable businesses.

4:04pm

Mon March 5, 2012
Business & Technology

Big and Small Business React to Potential Income Tax Cut

Small business owners are salivating at the prospect Ohio might raise up to $1 billion over five years by hiking taxes on natural gas liquids drillers and using the revenue to pay for a general income tax cut. 

4:18pm

Thu March 1, 2012
Business & Technology

Ohio Attorney General Adjusts Report on Business Incentives

Ohio Attorney General Mike DeWine has adjusted a recently released report on state business incentives to show almost six in 10 recipients of economic development grants, tax credits and other perks have met the conditions of their state agreements.

That's an improvement from a December version of the report, which found nearly half of recipients had failed to meet their terms.

Overall, the adjusted compliance rate is 59 percent, up from about 52 percent originally calculated. A total of 199 businesses met the terms of their deals; 138 did not. Awards reviewed were from 2005 to 2010.

DeWine's office made the changes after receiving 1,622 additional files from the state Department of Development that administers the incentives.

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