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May 31, 2016

Companies commit to investing more than $6M in region

REDI lgTwo Greater Cincinnati companies shared plans to expand in the coming years. REDI Cincinnati, the region’s leading economic development initiative, announced two companies received approval from the Ohio Tax Credit Authority board on Monday, May 23: Advanced Testing Laboratory, Inc. and Ultimus Fund Solutions, LLC. Combined, the pair commits to creating more than 150 jobs and adding $6.6M in capital investment to the economy.

“Throughout 2016, we’ve seen many different kinds of companies growing in Greater Cincinnati,” said Kimm Coyner, vice president of business development and projects at REDI Cincinnati. “We know our regional economy thrives when a range of industries chooses to locate and grow here.”

The approved projects include:

  • Advanced Testing Laboratory, Inc.: The leading scientific outsourcing firm in the science, engineering, regulatory, compliance and product stewardship industries is expanding its corporate headquarters and contract laboratory facility in Blue Ash.
  • Ultimus Fund Solutions, LLC: As a professional services firm in the financial industry, Ultimus Fund Solutions provides middle- and back-office services to investment adviser firms across the country. Following a recent acquisition, the firm plans to support ongoing strategic growth efforts and ventures into new business segments as its Cincinnati headquarters, located in Springdale.

2016 REDI Cincinnati YTD Project Commitment Metrics* 

1,584 Total New Jobs Created; 4,214 Total Retained Jobs,

and $120.64M Capital Investment

May 2016 projects

  • Advanced Testing Laboratory, Inc. – New Jobs: 54; Retained Jobs: 84; Capital Investment: $6,500,000
  • Ultimus Fund Solutions, LLC – New Jobs: 100; Retained Jobs: 140; Capital Investment $100,000

April 2016 projects

  • EBTH.COM LLC – New Jobs: 275, Retained Jobs: 97; Total Capital Investment: $1,000,000
  • Rotex Global LLC – New Jobs: 20; Retained Jobs: 165; Total Capital Investment: $400,000

March 2016 projects

  • Club Chef LLC – New Jobs: 355; Retained Jobs: 5; Total Capital Investment: $1,750,000
  • MANE, Inc. – New Jobs: 100; Retained Jobs: 435; Total Capital Investment: $34,000,000
  • Pacific Manufacturing Ohio, Inc. – New Jobs: 62; Retained Jobs: 540; Total Capital Investment: $50,100,000
  • StandardAero Component Services, Inc. – New Jobs: 120; Retained Jobs: 465; Total Capital Investment: $10,500,000

February 2016 projects

  • Blue & Co., LLC – New Jobs: 20; Retained Jobs: 19; Total Capital Investment: $0
  • Brothers Trading Co., Inc. – New Jobs: 50; Retained Jobs: 225; Total Capital Investment: $11,000,000
  • Macy’s Credit and Customer Services (including FDS Bank) – New Jobs: 175; Retained Jobs: 1,559; Total Capital Investment: $0
  • Health Carousel, LLC – New Jobs: 85; Retained Jobs: 64; Total Capital Investment: $435,000
  • PatientPoint Network Solutions, LLC – New Jobs: 22; Retained Jobs: 112; Total Capital Investment: $100,000

January 2016 projects

  • Quotient Technology Inc. – New Jobs: 100; Retained Jobs: 47; Total Capital Investment: $1,500,000
  • Planes Moving & Storage Inc. – New Jobs: 30; Retained Jobs: 229; Total Capital Investment: $3,000,000
  • Reztark Design Studio, LLC – New Jobs: 16; Retained Jobs: 28; Total Capital Investment: $250,000

*Represents company commitment at time of announcement

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