March 13, 2012
Cincinnati USA: top 10 in biz expansion for 10 years straight!
Site Selection magazine has ranked Cincinnati USA sixth in the country in a list detailing the top large-metro areas in the U.S. for new and expanded corporate facilities in 2011.
This marks Cincinnati USA’s tenth consecutive year to be ranked in Site Selection’s top 10. Over this span, the region has produced more than 2,100 projects creating more than 86,000 new jobs and a total of $17.6 billion in new investment.
The Site Selection ranking, which focuses on areas with a population of one million or more, is based on primary research conducted by Site Selection and MSA-wide data submitted by the Cincinnati USA Partnership, the economic development initiative directed by the Cincinnati USA Regional Chamber.
Based on research conducted by the Partnership and the University of Cincinnati, in 2011, there were 209 businesses in the three-state, 15-county region that added or retained jobs, added investment or added square footage, 11,334 new jobs and $1.2 billion in new capital investment.
These increases are due in part to several significant projects, including Enerfab, Nielsen Catalina and Intelligrated.
The State of Ohio also fared well in Site Selection’s yearly analysis of corporate location projects with significant impact, winning the 2011 Governor’s Cup Award for the state with the most new and expanded facilities.
“Ohio’s comeback is impressive, with a better-than-30-percent increase over its performance in the last Governor’s Cup facilities race,” says Mark Arend, editor in chief of Site Selection. “The state’s new approach to working with businesses to locate and expand in Ohio will serve it well as more companies bring operations back to the U.S. and to the Midwest.”
The Cincinnati USA Partnership is the JobsOhio Network Partner in Southwest Ohio.
Ohio cities were ranked in the top 10 in each of the four tiers. In addition to Cincinnati USA ranking sixth in the tier-one cities, Dayton (2), Akron (6) and Toledo (7) were ranked in the tier-two cities (population between 200,000 and one million), Springfield (2) was ranked in the tier-three cities (population between 50,000 and 200,000), and Wooster (2) and Findlay (6) were ranked in the list of micropolitan cities (population between 10,000 to 50,000).
The Cincinnati USA Partnership, directed by the Cincinnati USA Regional Chamber, has been the region’s leading economic development initiative for the past 25 years. The Partnership is responsible for attracting, retaining and growing new business, jobs and investment in the three-state, 15-county region known as Cincinnati USA. In 2007, 2008 and 2010, the Partnership was recognized by Site Selection Magazine as one of the Top 10 Development Organizations in the nation. The Partnership is supported through a five-year campaign with investment from nearly 120 companies and public economic development organizations. For more information, visit www.cincinnatiusa.org.