Omnicare in 1998 moved from downtown Cincinnati to nearby Covington, Kentucky, the town literally across the Ohio River from Cincinnati, after receiving $4 million in economic development incentives to make the move. After that economic development package expired (as in, Kentucky could no longer legally ask the company to repay the benefits it was given), Omnicare announced in 2011 that it was…. moving right back to downtown in Cincinnati after receiving $6 million in economic incentives from the State of Ohio under Governor Kasich. Because the commercial landlord that owned the space Omnicare moved to ALSO was receiving economic incentives, the new […]Full Story... →
This company Navient is quickly gaining a reputation as the Henry F. Potter of the U.S. student loan industry, and now one of Ohio’s finest public servants is preparing to drop the hammer on them.
Have I mentioned lately what a smart move it was for President Barack Obama to appoint former Ohio Attorney General and Treasurer Richard Cordray as the first director of the Consumer Financial Protection Bureau? Smart as a whip, I tell ye, as a whip.
As is Cordray, incidentally—smart, that is. And his efforts at the CFPB appear to be creating wounds that smart […]Full Story... →