May 03, 2011
Partnership named a Top 10 Economic Development Group for 2010
Site Selection magazine has named the Cincinnati USA Partnership as one of its Top 10 economic development groups in the U.S. for 2010—the third time in four years the Partnership has attained the ranking. The Cincinnati USA Partnership is the economic development initiative directed by the Cincinnati USA Regional Chamber.
The Partnership was recognized May 2 at an awards ceremony at the Industrial Asset Management Council conference in Albuquerque, N.M.
“If overcoming adversity is the path to success in economic development, then the top groups of 2010 wrote the book on it," said Ron Starner, general manager of Site Selection. "The top-performing economic development organizations in the U.S. rose to the challenge, and more, last year. What these groups have in common is a commitment to the long, arduous task of pursuing the fundamentals of sound economic development, and they are willing to invest considerable resources to get the job done.”
2010 was another solid year for the Cincinnati USA Partnership as it won 12 new projects, bringing 485 new jobs and more than $43 million dollars in total investment to the region. Over the last seven years, the Partnership brought to the region 117 projects, more than 8,900 new jobs and $1.7 billion in capital investment, representing about one in seven of the new jobs created in the region. Every $1 invested in the Partnership results in $70 in new capital investment in the region.
“This recognition is grounded in performance-based outcomes and speaks directly to our ability to leverage our regional assets to attract jobs and capital investment to Cincinnati USA,” said David Dougherty, the interim executive director of the Cincinnati USA Partnership. “It further demonstrates that the Cincinnati USA Partnership is striving to capture our region’s rightful place as one of America’s favorite business centers.”
Site Selection magazine, published by Conway Data, is the oldest publication in the corporate real estate and economic development field. It is the official publication of the Industrial Asset Management Council and is considered to be the primary source of information for economic development and site selection executives.
The rankings are based on four objective metrics: new jobs, new jobs per 10,000 residents, new investment amount and new investment per 10,000 residents; and subjective attributes such as innovation, leadership and customer service.
Among the Top 10 economic development groups, three groups were from North Carolina and two groups were from Louisiana. The Indy Partnership was the only other regional economic development organization to be named to the top 10.
In March, Site Selection also ranked Cincinnati USA fourth in the country in a list detailing the top large metro areas in the U.S. for new and expanded corporate facilities in 2010.
To access additional information about the Partnership’s 2010 results, download the Partnership’s 2010 annual, regional business growth and regional retention reports in the Business Information Center at cincinnatiusa.org.
The entire list of Top Groups appears in the May edition of Site Selection and at www.sitenet.com.
About The Cincinnati USA Partnership
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 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.