“Healthy communities start with healthy economies,” says John Hayden, CEO of The Midland Co. and the newly appointed chair of the Cincinnati USA Partnership. He's talking about the impact of $2.7 billion in investment made by new or expanding businesses in the Greater Cincinnati region in 2007. The year's growth totals: 184 new or expanded business investments, generating $2.7 billion in capital investment. That, in turn, created or retained 20,931 jobs, adding up to an economic impact of $5.7 billion, says the Partnership, a regional economic development initiative. The numbers were compiled by the University of Cincinnati Economics Center for Education and Research.
The manufacturing industry led the growth, accounting for 38 percent of total investment. The office/service industry accounted for 33 percent, followed by the medical/hospital and distribution industries, both with 14 percent.
Regionally, Hamilton County topped the list with $1.13 billion in new investment, followed by Butler County with $973 million and Warren County with $403 million. In Northern Kentucky, Boone County generated $72 million in investment and Kenton County $58 million.
Writer: David Holthaus
Source: Nate Moster, Cincinnati USA Regional Chamber