March 11, 2014
Partnership helps bring UGN facility to Monroe
Before being restructured and renamed this week as REDI Cincinnati, the Cincinnati USA Partnership closed the books on a project that will bring 150 new jobs to the City of Monroe. With the help of JobsOhio, the Partnership helped seal the deal in assisting UGN Inc., a leading manufacturer of automotive parts based in Illinois, in building a new facility. The company will break ground on the $50M facility next month, contingent upon final approval of state and local incentives.
The Partnership is the economic development art of the Chamber, and their involvement included:
- Assisting JobsOhio in creating an incentives package for UGN to consider including state incentives.
- Visiting UGN's Illinois headquarters in February to present the unified package for UGN to locate in Monroe.
- Partnership coordination with the City of Monroe on answering outstanding site specific questions until announcement was made today.
- Partnership will continue to take the lead on delivering the incentive package if/when it moves forward.
We are thrilled that UGN chose Cincinnati USA as the home of their new facility," said Matt Davis, interim executive director of REDI Cincinnati. "Just last week,our region was selected by Site Selection Magazine as sixth-best in the US for economic development, and UGN's commitment today further solidifies that leaders across the country are taking note of what is happening here," Davis added.
"JobsOhio's aggressive approach and Governor John Kasich's personal involvement were major deciding factors," says Peter Anthony, CEO, UGN, Inc. "They do a nice job of helping business leaders explore the possibility of working in the state."
"UGN is a premier, tier-one manufacturer with a stellar reputation for supplying the auto industry throughout North America," said John Minor, JobsOhio's President and Chief Investment Officer. "We are excited that UGN has chosen to invest in Monroe and look forward to a productive and long-term relationship with the company."