| Cincinnati, Northern Kentucky Construction Expected To Slow in 2009 |
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12/30/2008 Link
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The recent strong construction market in Greater Cincinnati and Northern Kentucky will likely stall in 2009 according to local industry experts. The Cincinnati Enquirer reports that “at least $750 Million in planned projects have been sidelined indefinitely.” Bank lending requirements are contributing to the slowdown. According to the Cincinnati Enquirer, banks that were requiring as little as 20% down and 50% pre-leasing are now requiring as much as 60 – 70% in pre-lease commitments and 30-40% in down payments. Joe Hummel, Executive Director of Allied Construction Industries, reports that the region is forecast to see a 12 – 25% decline in new development next year. Submitted by Scott Gurney.
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| WHAT IS THE FUTURE OF OHIO WORKERS’ COMPENSATION GROUP RATING? |
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12/23/2008 Link
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Employers who have participated in BWC’s group rating discount plan have certainly noticed changes in recent years. While it’s been no secret that being removed from a group rating plan following an expensive claim could be financially devastating for an employer, only in the past several years has the BWC begun to implement changes to ease the blow in the event of a removal. TheBWC’s re-evaluation of group rating programs follows media scrutiny discussing the inequities of the current rating system. Submitted by Noel Shepard.
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| Client Alert: When Reducing Force, Remember Your Duty to WARN |
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December 22, 2008 Link
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The crippling economic downturn has caused employers nationwide to reduce forces in order to sustain viability, but noncompliance with the Worker Adjustment and Retraining Notification Act (WARN) may just be the nail in the coffin for your business. Knowing when and how WARN is implemented may prove lifesaving in the unsteady economic sea that companies are currently navigating.
Click here to read the full article.
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| OHIO URANIUM ENRICHMENT PROJECT TO MOVE FORWARD |
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12/9/2008 Link
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The Engineering News Record reports that the owner of a $3.5 billion uranium enrichment facility project plans to proceed despite some uncertainty regarding project financing. USEC, Inc. of Maryland states that its development of the American Centrifuge project about 80 miles east of Cincinnati will continue. USEC awarded a $1 billion EPC contract to Flour Corp. in September. Submitted by Steve Withee.
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