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Issue 3, Vol. 1
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March/2009
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Greetings!
Spring is finally here it seems... and the City of Cincinnati is seeing new economic growth from our long winter efforts! From new developments being announced to on-going project milestones being reached - Cincinnati is truly an energizing place to be.
The expansions of both Kao Brands and Graeter's, Inc. are two of the newest projects we are pleased to announce. And, the work accomplished to date for the dunnhumbyUSA expansion, as well as the ongoing ground-up growth of the Great American Tower at Queen City Square, must be setting a new CBD expansion record! The level of commitment to Cincinnati that these companies continue to show is sincerely appreciated and exciting to see in action. Get more information about all of these projects by reading on in this newsletter.
Lastly, the City of Cincinnati Economic Development Division is now easier than ever to find on the web. Our new address is simply: www.ChooseCincy.com. No more backslashes, hyphens, or code for a site address or having to access us through multiple layers of web pages.
We look forward to continuing to serve you and keeping the economic growth of Cincinnati moving onward and upward.
Come and see what all the excitement is about: Choose Cincy!
Holly Childs,
Economic Development Division Director
and your dedicated Economic Development team |
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Cincinnati Economic Development Division now has a new web address
News from Economic Development Division
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Quick Click! Access our website at our NEW, easy to remember web address: www.ChooseCincy.com to stay current on the major development and new jobs projects in Cincinnnati. As of right now this address will re-direct you to our current website.
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Kao Brands adds 30 jobs with expansion
Project news from Jeff McElravy
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 Kao Brands, the maker of Ban antiperspirants and deodorants, Jergens and Curél hand and body lotions, Bioré facial care, and John Frieda hair care products, is making a $7.9 million investment in its facilities in Camp Washington. Kao Brands already has 449 employees who work in the company's manufacturing, research and development, and corporate functions. They are also moving 30 marketing positions from Stamford, Connecticut to Cincinnati to bring synergy to a diverse and innovative global marketing team of over 85 people.
To offset some of the costs of that investment and attract the new jobs to Cincinnati, the City and the State assisted Kao Brands with a Job Creation Tax Credit (JCTC). Over the term of the agreement, the net return to the City is anticipated to be just under $16 million. We are thrilled that Kao Brands is making this investment and that they will serve as an anchor for redevelopment in Camp Washington. |
Graeter's Announces Plans to Build New Ice Cream Facility
Cincinnati icon to remain in the city, bring new jobs
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Graeter's announced plans to build a new ice
cream facility in the City of Cincinnati, pending approval from City
Council. In addition, Graeter's and the Ohio Department of Development
are still finalizing possible state assistance. Any final offer must
be approved by the State's Tax Credit Authority.
The
28,000-square-foot plant, which will be located on Paddock Road in Bond
Hill, will accommodate Graeter's planned distribution into new markets.
Initially, there are plans to create 50 jobs at this new site with the
potential for additional jobs within several years. The cost of the
building project is approximately $13 million.
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dunnhumbyUSA begins demolition
dunnhumby will create 150 new jobs with new expansion
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On March 9th dunnhumbyUSA held a ceremony signaling the start of the renovation of their new offices at 444 West Third Street.
The demolition of a former City of Cincinnati maintenance building was
the first step in the renovation of the "Hennegan Building." The maintenance structure will be brought down for additional dunnhumby employee parking at the end of John Street.
Simon Hay, CEO of dunnhumby, capped off the ceremony by getting onto a
backhoe and starting the demolition of the old Public Services facility.
dunnhumby signed a 10-year lease with DHC/ANI LLC, the property owner, to occupy the entire 145,000+ square-foot building. Al. Neyer, Inc., the project's developer, will provide all design-build services for the renovation. Upon completion the building will be the national headquarters for dunnhumby's operations in the United States.
Currently, dunnhumbyUSA employs close to 300 at its 302 West Third Street location and is looking to add up to 150 new jobs over the next 3 years.
When completed in August 2009, the project will represent $15.1 million in created value.
dunnhumbyUSA is an international leader in the field of market analysis and brand value for consumer goods and retail companies. dunnhumby operates offices in Atlanta, Chicago, Minneapolis and New York. Clients include The Kroger Co., Macy's, The Home Depot, Coca-Cola, General Mills, Kimberly Clark, PepsiCo and The Procter & Gamble Co.
Simon Hay, CEO of dunnhumby, demolishing the old Public Service facility
City of Cincinnati Mayor Mark Mallory addresses the crowd |
Cincinnati attracts 2,500 jobs in 2008
News from Mayor Mark Mallory's office
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The City of Cincinnati secured a total of 2,500 new jobs in 2008. The City of Cincinnati's Economic Development Division has been aggressively recruiting companies to relocate or expand in the city. In order to bring new jobs to the city, the Mayor and Council have approved various incentive programs for existing companies to expand and new companies to locate within the City.
"Despite the difficult national economic climate, Cincinnati had a very strong year of job creation," Mayor Mark Mallory said. "Our city continues to be a very attractive location for business investment. Over the last few years, we have implemented a much more targeted and aggressive economic development strategy, and it is paying off."
Cincinnati has many qualities that make it an attractive destination for business investment, including: a strong corporate community; low cost of living; well-educated workforce; many transportation options; and a pro-business climate.
The companies that have expanded or agreed to bring new jobs to Cincinnati include: Medpace, US Bank, Humana, FirstGroup, dunnhumbyUSA, and Kendle, among others.
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Thank you for taking the time to read about the great things going on in the City. We look forward to hearing from you!
Sincerely,
City of Cincinnati Economic Development Division |
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Did you know?
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UC's College of Law is ranked in the top 50 law schools by U.S. News & World Reports.
Dun & Bradstreet and Entrepreneur Magazine ranked Cincinnati 1st with the Lowest Business Bankruptcy Rates.
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Contact Us
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Holly Childs Economic Development Director Phone: (513) 352-2499 Fax: (513) 352-1566 E-mail Holly ChildsPatrick Ewing Development Manager Phone: (513) 352-1933 Fax: (513) 352-1566 E-mail Patrick EwingJeff McElravy Senior Development Officer Phone: (513) 352-1561 Fax: (513) 352-1566 E-mail Jeff McElravyBob Bertsch Senior Development Officer Phone: (513) 352-3773 Fax: (513) 352-1566 E-mail Bob Bertsch
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