Four Hamilton companies pledge 250 new jobs
ThyssenKrupp Bilstein, Valeo, Ascendum Solutions, and Roadrunner Transportation have made job announcements in 2013
So far in 2013, four companies have pledged to create 250 or more jobs in Hamilton by the end of 2015. These job commitments result in over $10 million in new payroll and $27 million in capital investments. "We are excited to see these investments occurring in Hamilton and look forward to doing whatever we can to assist in further growth for these companies," says Economic Development Director Jody Gunderson. For more information on these job announcements, please see the JournalNews article here.
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 | | The new RiversEdge amphitheater in downtown Hamilton. Photo credit Brian Vogel. |
In This Issue
Third Quarter 2013
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 | | CRA incentivizes revitalization of commercial and residential properties |
Community Reinvestment Area tax incentive now available
New tax incentive aims to spur investment
The City of Hamilton is ready to receive applications for a new tax abatement program to incentivize reinvestment. The Community Reinvestment Area (CRA) program is available to all residential and commercial property improvements.
"When a property owner invests a significant amount of money into their property, they are ultimately subject to an increase in property taxes," explains Economic Development Specialist Stacey Dietrich-Dudas. "The CRA program gives property owners the ability to offset some of those costs."
The commercial CRA is available for new construction, expansion, and building improvements on both commercial and industrial properties, including residential properties with 5 units or more. For more information on the CRA program, including tax abatement percentages, program requirements, and the applications, please visit the Economic Development website here.
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 | At work at ThyssenKrupp Bilstein.
Photo credit Samantha Grier, JournalNews |
ThyssenKrupp Bilstein announces 100 jobs at Hamilton location
Equipment investments and facility upgrades have the potential to create 100 new jobs
ThyssenKrupp Bilstein, Hamilton's largest manufacturer, announced $11.2 million in real and personal property investments and $2.9 million in increased payroll. This growth will be within its automotive shock absorbers area.
ThyssenKrupp Bilstein will receive a 45 percent, six-year tax credit for its planned growth project in Hamilton from the State of Ohio. The City of Hamilton also provided local tax incentives for the project. According to the Cincinnati USA Partnership, manufacturing will be an important sector for regional economic development and Hamilton "is poised to be a key player."
Hamilton's Economic Development Director Jody Gunderson explains, "Hamilton's low and stable energy rates are a major attraction for manufacturers, whose facilities typically require large amounts of energy. The city's renewable hydroelectric power is a plus for manufacturers as well." For more information, please check out the Cincinnati Business Courier article here. |
Ascendum Solutions announces the creation of 45 IT jobs by 2014
Citing Hamilton's "unique infrastructure," new subsidiary Ascendum Infrastructure Management Solutions (AIMS) will locate new jobs at Vora Technology Park
AIMS, which offers high-availability hosting and cloud services to small, medium, and enterprise clients, has already secured two major clients during its first few weeks of operation. AIMS expects to employ 35 people by the end of 2013 and 45 by 2014.
AIMS looked at many locations but chose Hamilton in large part due to its infrastructure. "This city is one of the few we've found that does its own power generation," explains AIMS president and general manager Tim Campbell, "So we had a nice availability of inexpensive, clean energy with the hydroelectric plant on the river...but the city of Hamilton, the way the grid works, is they're interconnected with the rest of the nation's electrical providers." For more information on AIMS, please read the JournalNews article here. |
 ODW named one of Inc. Magazine's 500 Fastest Growing Companies in the U.S. ODW Logistics ranks #291 nationally Hamilton company ODW Logistics and Transportation Services made Inc.'s national list of fastest growing companies. ODW LTS, a leading provider of transportation management services, is located in downtown Hamilton, employs 20 people, and had a 2012 revenue of $14.8 million.
For more information on Inc.'s fastest growing companies, please check out the website here. |
 U.S. Bank commits $1 million to CORE Fund Investment will provide gap financing for development projects in Hamilton The Consortium for Ongoing Reinvestment Efforts (CORE) Fund is a nonprofit, formed in 2012, aimed at assisting in the revitalization of Hamilton's urban core. It is modeled after Cincinnati Center City Development Corporation, better known as 3CDC.
The CORE Fund provides non-traditional loans for development projects in Hamilton's urban core. "Hamilton is an important community for us and we're really thrilled about being on the ground floor of participating," said Rick Demmel, U.S. Bank Community Bank President for Butler County. U.S. Bank's contribution brings the money raised for the CORE Fund to $5 million, the amount needed to begin lending. The CORE Fund expects to be fully capitalized at $10 million. For more information, please read the JournalNews article here or visit the CORE Fund website here. |
 Roadrunner Transportation Expands in Hamilton Expansion includes a new 60,000 sq. ft. facility and ten new jobs Roadrunner, a national transportation and logistics company, has signed a 10-year lease on a 10.7 acre property for a facility just south of its current facility at Hamilton Enterprise Drive. The expansion is estimated at $4.1 million. The new structure will replace their current 35,000 square foot facility.
Roadrunner currently has 23 employees and anticipates creating 10 new jobs within three years. The beginning of construction has not been announced. For more information, please read the JournalNews article here. |
 | | Smith's display at the September 19th awards luncheon includes a quote from Abraham Lincoln |
City Manager Joshua Smith is one of Business Courier's 2013 Forty Under 40
Forty Under 40 recognizes Greater Cincinnati's next generation of young leaders and innovators
Hamilton City Manager Joshua Smith was recognized September 19th by the Cincinnati Business Courier as one of the region's young leaders. The Cincinnati Business Courier honors people who have already made a mark professionally and in the community. Joshua Smith was recognized for his work for the City of Hamilton. For the complete list of 2013 Forty Under 40 winners, please see the Business Courier's list here.
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 | | First Financial in downtown Hamilton |
First Financial celebrates 150th anniversary
First Financial Bank was founded in Hamilton
The First National Bank of Hamilton, Ohio, officially opened for business August 10th, 1863. It was located at 239 High Street, very close to its current location in downtown Hamilton. The bank survived the Great Depression and the recent Great Recession and continues to thrive. Quoted in the JournalNews article about the anniversary, President and CEO Claude Davis stated, "The bank has persevered and continued to grow during these uncertain times. That really makes a statement about our history, values, and service to our clients."
Within the past year, First Financial invested significantly in its downtown Hamilton location to provide a training center for all of its southwest Ohio employees. Davis explains, "Our roots are in Hamilton and we've been part of the community for 150 years. Although we've experienced growth, we are still a local, community-minded bank." For more information and to view an interactive timeline, please view the JournalNews article here.
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 | | Jane and David Johnson at Quality Publishing. Photo credit Samantha Grier, JournalNews |
Quality Publishing celebrates 60 year anniversary
Quality Publishing began and continues to operate as a family business
Over the past 60 years, Quality Publishing has evolved to keep up with ever-changing technology, moved numerous times, and experienced substantial growth while remaining a family-run business rooted in Hamilton.
As part of a 2012 JournalNews story, Vice President Dave Johnson explained, "We take pride in the fact that we are a family here," noting how much he enjoys making deliveries to talk with customers. Quality Publishing provides a wide variety of print products. For more information on Quality Publishing, please read the JournalNews article here or visit their website here.
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 | | Dave Lippert of Hamilton Caster. Photo credit Nick Daggy, JournalNews |
Dave Lippert awarded Hamilton Heritage Award
The President of Hamilton Caster received the award for outstanding community involvement
The Greater Hamilton Chamber of Commerce awarded Dave Lippert the Hamilton Heritage Award for Outstanding Community Involvement during the Chamber's 2013 Small Business Person of the Year Luncheon.
Lippert's involvement in past and current community activities include chair of the Butler County United Way campaign, president of the Greater Hamilton Safety Council, and board member of the Fitton Center for Creative and Performing Arts, just to name a few. For more information on Dave Lippert's involvement in the Hamilton community, please read the JournalNews article here. |
 | | The new dental office is located at 116 N Third |
New dental office opens in downtown Hamilton
MK Dental Excellence opened August 26th
Hamilton has a new downtown dental office, MK Dental Excellence, a 3,500 square foot space at 112 N. Second. The office offers comprehensive dentistry and will employ up to eight people, including two doctors.
MK Dental Excellence transformed their new office into a "high-tech modern office in comfortable spa-like environment," according to Dr. Manju Kejriwal. Economic Development Director Jody Gunderson stated, "Hamilton welcomes more community-oriented businesses like MK Dental Excellence in our urban core. It is professional services like this that make our downtown an attractive place for people to live." For more information, please read the JournalNews article here or visit their website here.
Other Grand Openings Around Hamilton
- Lipcense de Cafe opened on September 9th at 24 South Third Street downtown. This restaurant, open weekdays for lunch, has a wide ranging menu that includes soups, salads, and sandwiches.
- Yogurt City had their Grand Opening at 1430 Main Street in the Kroger Plaza on September 24th. Yogurt City offers self-serve frozen yogurt with many different flavors and toppings. It is open seven days a week. For more information, please visit their website here.
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 | | The Meldahl Construction Site with Project Manager Tom Leibham |
Construction of Hamilton's new hydroelectric facility highlighted in CityVision video
The Meldahl Hydroelectric Facility is anticipated to be online early 2015
Hamilton is developing a new, renewable energy hydroelectric generating facility on the Ohio River that, once completed, will increase the percentage of power in the city provided by renewable hydroelectric energy to 70%.
Because hydroelectric energy is not subject to the same market fluctuations of fossil fuels, the $500+ million project is expected to provide stable, low electric rates in Hamilton for many years to come. To watch the video on Meldahl, please click here. |
 Downtown Hamilton busy with fall events September concert series, HeartChase Hamilton, and Operation Pumpkin RiversEdge September Concert Series
Upcoming concerts:
- After Midnight - Thursday, September 26th 7 p.m. - A Tribute to the 70's
- Signs of Life: Essence of Pink Floyd - Saturday, September 28th 7:30 p.m.
For more information, like the RiversEdge Facebook page here.
HeartChase Hamilton
Part amazing race, part minute-to-win-it, the American Heart Association has a new type of race this year and is hosting one of its first events in downtown Hamilton. HeartChase will be on Saturday September 28th at 10 am starting at RiversEdge. Teams of 2 to 5 people are being sought. For more information, visit the website here.
Operation Pumpkin
Operation Pumpkin returns to downtown Hamilton October 4th, 5th, and 6th. There will be sculpting, decorating, carving, eating, weighing and launching pumpkins into the river. There will also be live bands, food, art, and many other family-friendly activities. Proceeds will be donated to a downtown Hamilton historical building in need of renovation. For more information, visit their website here or their Facebook page here.
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 | | 3550 Symmes Rd, Hamilton, Ohio |
Property highlight
3550 Symmes
Property highlights:
- 317,542 sq. ft. available
- Great corporate headquarters
- 33,188 sq. ft. two story office (2nd story office not included in total sq. ft.)
- Heavy power - 3000 AMPS
- Additional acreage available for building expansion, trailer storage, or outside storage
- ESFR sprinkler system
- Powered by the City of Hamilton's green hydroelectric utility
For more information on the property, please check out the property brochure here or contact Mike Lowe of CBRE at 513-369-1311 or mike.lowe@cbre.com. |
Mayor Moeller Rallies business owners to "Get Your Business Online"
Nationally, 58% of American businesses still do not have a website
Hamilton is participating in Google's "Get Your Business Online" program to encourage more local businesses to get a web presence. "Small businesses are the backbone of our economy, and businesses that are online are our stories of success, and that is why I am proud to launch this initiative in our city," asserted Mayor Moeller.
If you're a small business owner who needs a website - or you know a business that does - check out the "Get Your Business Online" program today at www.gybo.com. |
Need assistance from the City?
Contact the Business Development Team
The City established the Business Development Team to make investing in Hamilton easier for current and future business owners. The Team focuses on assisting retail and commercial development. It is a single point of contact that coordinates between all necessary departments to help businesses from the first inquiry until the issuance of final occupancy. To contact the Business Development Team, call 513-785-7070 or email startmeup@hamilton-oh.gov.
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Contact:
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Jody Gunderson, Director of Economic Development345 High Street, Hamilton, OH | Visit Website | 513-785-7070
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