March 25, 2014
REDI Cincinnati announces project wins, new jobs
REDI Cincinnati Helps Retain 900 Jobs, Create 200 More at Three Clermont Businesses
REDI (Regional Economic Development Initiative) Cincinnati, announced yesterday the advancement of two local economic development projects in its advanced manufacturing cluster. The expansion deals will keep more than 900 jobs in our region and create more than 200 others at three companies, all located in Union Township. The projects are the first since REDI Cincinnati (formerly Cincinnati USA Partnership for Economic Development) was announced on March 10.
Earlier yesterday, A&P Technology, L-3 Fuzing & Ordinance Systems and Multi-Color Corporation all received approval by the State of Ohio’s Controlling Board for infrastructure improvements near their current locations that will allow them continued growth. The capital investment on the two roadway projects exceeds $14M. REDI Cincinnati was able to close these deals with the partnership of JobsOhio, Clermont County, Union Township, ODOT, and Clermont County Engineers Office.
- A&P Technology, 4595 East Tech Drive, Cincinnati, OH 45245, 36 new jobs created, 207 retained jobs, $1.8M in new payroll created, $14.8M in total payroll retained.
- L-3 Fuzing & Ordnance Systems, 3975 McMann Road, Cincinnati, OH 45245, 84 new jobs created, 526 retained jobs, $3.5M in new payroll created, $34.5M in total payroll retained.
- Multi-Color Corporation, 4000 McMann Road, Cincinnati, OH 45245, 86 new jobs created, 256 retained jobs, $3.7M in new payroll, created $18.3 M in total payroll retained.
“The fact that these three companies came to us to help accomplish their expansion plans is a terrific sign for the economic health of our entire region because with those projects come more jobs, payroll and investment,” said Matt Davis, interim executive director of REDI Cincinnati. “More and more we are seeing local companies who are expanding decide that they don’t want to look elsewhere, that Cincinnati USA is right where they want to be,” Davis added.
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