|
Issue 6, Vol. 1
|
August/2009
|
Greetings!
Welcome to the August edition of the Economic Development
Division newsletter. In spite of
the continuing global economic downturn, we are continuing to see signs of
progress in Cincinnati.
Frost Brown Todd recently announced that they will
be moving into Great American Tower. EDD provided economic incentives to Advantage
IQ and FirstGroup America to assist in their expansions. We continue to work with Procter &
Gamble as they bring 650 employees from a suburban location into their General
Offices in the Central Business District. Other deals are in the works.
The current budget challenge facing the City of
Cincinnati only underscores the need for a focused and diligent effort on the
part of the Economic Development Division to retain and expand existing
companies as well as to aggressively pursue new job creation opportunities with
business recruitment. To support this effort, we will be increasing our Business Retention visits and continue to work
with the Cincinnati USA Regional Partnership to market the City as a prime location to do
business.
If you would like a Development Officer to visit your company to
discuss your plans, needs and concerns for the future, please respond to this
e-mail newsletter or call (513) 352-2499. We are committed to retain
and grow the businesses in our community as well as to seek out new companies and
industries to locate in our city.
Enjoy this edition of the newsletter and please
contact us with your comments and suggestions on how we might better serve your
company and the City of Cincinnati.
Patrick Ewing
Interim Economic Development Director
|
Advantage IQ Expands
Downtown
Project news from Jeff McElravy
|
Advantage
IQ, Inc., which currently employs 75 people in its Cincinnati office, is
growing. The company has leased
additional space in The Center at 600 Vine, and over the next three years, they
expect to add over 30 jobs.
"Our
employees enjoy the convenience of our downtown location and we look forward to
a long future here," according to Jim Hendricks, Vice President of Finance.
Advantage IQ, headquartered
in Spokane, Washington, offers a comprehensive set of expense management
services that provide the necessary transparency needed to better manage
enterprise wide utility, telecommunications, waste and lease expenses
associated with multi-site businesses.
The company took advantage of job creation
tax credits from the City and the Ohio Department of Development. Over the term of the agreement, the
return to the City from the new and retained jobs is anticipated to be just
under $1.1 million.
|
Great American Tower at Queen City Square announces major tenant
Project news from Patrick Ewing
|
 
On July 23rd, 2009, Eagle Realty Group and Frost BrownTodd announced that the law firm signed a long-term lease to relocate its Cincinnati office to the Great American Tower at Queen City Square. Frost Brown Todd anticipates moving into the new office space by late 2011.
"We are extremely pleased to have Frost Brown Todd become a key tenant in the newest, largest and most prominent office tower in downtown Cincinnati," said Mario San Marco, president of Eagle Realty Group. "Our building - the first 'green' building in Cincinnati's central business district - will offer Frost Brown Todd incredible views, state-of-the-art features, and brand new construction."
Frost Brown Todd will occupy 4 floors that total over 100,000 square feet of office space located on floors 30 to 33. The new lease brings the total leasing at the Great American Tower at Queen City Square to over 815,000 square feet. That is more than 80% of the 1 million square foot complex. There are only 7 floors remaining, all near the the top of the tower.
"This deal signals Frost Brown Todd's optimism about Greater Cincinnati, the continued growth of our firm and our commitment to deliver exceptional service to our clients," said George E. Yund, Managing Member of Frost Brown Todd.
"We are a regional firm, but our biggest office is here in Cincinnati, and this move demonstrates our confidence in this city and its downtown. We're looking forward to 2011 when we make the move to this landmark building and, in the meantime, watching its exciting construction," added Jill P. Meyer, the Member-in-Charge of Frost Brown Todd's Cincinnati office.
Source: Eagle Realty Group
|
FirstGroup America adds 100 new corporate jobs
Project news from Jeff McElravy
|
CINCINNATI - FirstGroup America, North America's largest transportation company, is adding 100 new corporate jobs at the company's downtown Cincinnati headquarters this summer. The first 60 new jobs, all IT positions, will be filled at a recruiting open house.
"These high quality jobs are a reflection of the growth and investment FirstGroup America continues to make in our home town," said Frank Steele, Director of Recruiting for FirstGroup America. "We will be hosting a series of job fairs that we fully expect will draw a large pool of competent candidates."
Similar job fairs will follow in coming weeks to find experienced network engineers, developers, systems analysts, and AP/AR professionals. For more information and specific job descriptions, visit www.firstgroupamerica.com/careers or email fga.careers@firstgroup.com
By the start of school FirstGroup will have about 500 employees in their corporate headquarters and 475 bus drivers for Cincinnati Public Schools (CPS). With the Greyhound location and the operation of TANK in Northern Kentucky the total number of employees exceeds more than 1100 locally.
Source: FirstGroup America
|
EDD on Linkedin and Flickr!
|
The Economic Development Division (EDD) of the City of
Cincinnati has joined the social media revolution! A few months ago we simplified the path to our website
by changing our address to: www.choosecincy.com. Now, we have gone one step further by
creating a Linkedin page as well as a Flickr photostream.
Our Linkedin page provides site selectors, developers, real estate
professionals and business leaders a community forum to interact with us and
each other. Through our Flickr
photostream, you can also view our major Cincinnati development projects and
watch the progress from the ground up of these new and renovated commercial
properties.
Get Connected!
If you would like to view and/or join our new social media outlets
please click on the links below:
FLICKR (http://www.flickr.com/photos/choosecincy)
LINKEDIN (http://www.linkedin.com/in/choosecincy)
|
| The New York Times chronicles 36 hours in Cincinnati
|
 By KASSIE BRACKEN
With the quiet momentum of a work in progress, Cincinnati
is finding an artsy swagger, infused with a casual combination of
Midwest and Southern charm. The city center, for decades rich with
cultural and performing arts venues, now offers a renovated Fountain
Square area and a gleaming new baseball stadium with views of the Ohio
River.
|
|
|
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 |
|
|
|
Did you know?
|
|
The Cincinnati Zoo & Botanical Garden has claimed the No. 7 spot on Parents magazine's list of the 10 best zoos for kids.
Source: Cincinnati.com
|
|
|
