December 17, 2013
Partnership finishes 2013 strong
The Cincinnati USA Partnership, the economic development arm of the Cincinnati USA Regional Chamber, along with its regional partners are poised to end 2013 on a high note with strong momentum going into 2014.
The work of growing jobs in the region is truly a collaboration and includes support from Partnership investors, regional community partners and business leaders. Those partners have been busy working together to grow our 15-county region by attracting new companies and jobs, and retaining and expanding existing companies. The proof of that momentum is in the numbers.
Through November 30, 2013, the Partnership closed 41 projects, a 17% year-over-year (YoY) increase from 2012. Those projects resulted in 9 international wins, 3,102 new jobs (11% YoY increase), 13,022 retained jobs (202% YoY increase), and more than $583 million in capital investment (also 202% YoY increase). December’s numbers have not yet been reported, but three additional projects were approved by Ohio’s Tax Credit Authority earlier in December.
There is more evidence of our region's growth. In an article published on December 14th, Cincinnati.com reported that the Cincinnati USA region will become the new largest metro economy in Ohio. When asked about Cincinnati’s likelihood of taking over Cleveland for the top spot, Karl Kuykendall, an economist said, “it’s certainly going to happen.” Karl Kuykendall is an economist with IHS Global Insight and predicts Cincinnati will catch Cleveland in 2015. “We are growing and on track,” said Matt Davis, interim executive director of the Cincinnati USA Partnership. “Are we growing as fast as we want? No. But it’s better than where we were.”
Interested in learning more about the Partnership updates? Save the date for the Annual Report to the Community on March 5, 2014. For updates on upcoming events and general Partnership news follow us on Twitter at @GrowCincyUSA and Facebook/CincinnatiChamber.