Cincinnati beat out a number of key cities in a list detailing the top
purveyors of expanded corporate facilities according to Site Selection
magazine. This is Cincinnati's seventh consecutive year making the top
10.
"It is a credit to the region that we continue to receive national
recognition for our collective efforts," said Doug Moormann, vice
president of economic development at the Cincinnati USA Regional
Chamber.
The Site Selection ranking, focused on areas with a population of one
million or more, was based on MSA-wide data submitted by the Cincinnati
USA Partnership, the economic development initiative directed by the
Cincinnati USA Regional Chamber. In 2008, there were 228 businesses in
the 3-state, 15-county region that added or retained jobs, added
investment or added square footage. The number of projects, new
employees and retained employees figures were up in 2008, including a
50 percent increase in retained employees. These increases are in part
due to several projects that retained or created significant numbers of
employees, including Atrium Medical Center, BAE Systems, Convergys,
Humana, The Midland Company, and Ohio Casualty Company.
The total economic impact of the 2008 capital investment by these growth businesses is $5.63 billion.
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