ANNUAL REPORT
REDI. SET. GO.
IT’S TIME TO GET REDI CINCINNATI
The Regional Economic Development Initiative
(REDI) Cincinnati is the first point of contact for
businesses interested in starting, relocating or
expanding in our 15-county region which includes
Southwest Ohio, Northern Kentucky and Southeast Indiana.
As the largest economic development group focused on generating
and cultivating business leads we helped to grow 8,428 total jobs in
2014* by:
Developing relationships with companies and new markets
nationally and internationally.
Connecting current and prospective stakeholders with
demographic, financial and informational resources.
Working with industry, government and community leaders
to maintain a pro-business, economically vibrant environment.
Promoting the region’s assets to raise awareness and assist
in attracting and retaining talent.
Partnering with regional universities and community initiatives
to create, nurture and support workforce development.
SUCCESSFULLY CLOSED PROJECTS BY CAPITAL
INVESTMENT*
53%
40%
7%
ATTRACTION
$143,508,685
EXPANSION
$106,229,500
RETENTION
$18,700,000
100% = $268,438,185
SNAPSHOT: REDI Cincinnati
2014 Results*
In 2014, REDI Cincinnati, with
our community partners landed:
[
43
Total Project
WINS
]
ATTRACTION
Projects:
8
3,379
NEW JOBS
5,049
Retained Jobs
$
268M
Ca p i t a l
Investment
FOREIGN
DIRECT
INVESTMENT
represents
1 1%
of closed projects
108
%
Attainment
in capital
investment
to goal
*Represents Ohio projects only
ATTRACTION*
Each new company that locates here fortifies the entire region. In fact, one new
company bringing 50 new jobs will create 39 additional jobs, generating over
$2 Million in wages and salaries within the region.
Of our 43 total local projects, 8 were attraction,
representing 53% of all total capital investment.
We welcome these companies to our region:
FREDERICK STEEL COMPANY, LLC [City of Cincinnati]
PQ SHELTERS INC [City of Mason]
OCTAL EXTRUSION CORP [West Chester Township]
UGN INC [City of Monroe]
CINCY VR & REPAIR [City of Forest Park]
GENERAL ELECTRIC COMPANY [City of Cincinnati]
BREWERY X LLC [City of Cincinnati]
DRT UNION CENTRE, LLC [West Chester Township]
RETENTION & EXPANSION*
A “win” in economic development often conjures images of big corporate relocations
and REDI diligently pursues those opportunities. However, REDI also understands the
need for the cultivation and steady growth of our existing business base. There would
be no vibrant regional economy, and no magnet for new investment, without it.
35 of REDI’s closed projects were a result of the retention or expansion of a
local company.
REDI staff met with 188 existing Greater Cincinnati companies for actions plans
for retention and growth.
Companies like General Electric, ThyssenKrupp Bilstein of America, Inc.,
Ohio National Financial Services and Empower MediaMarketing chose to
create more jobs and invest more in our region.
*Represents Ohio projects only
Network Partner
Anchored by Ohio’s major metropolitan areas, the state is
comprised of six geographic regions with specific industry
strengths and resources. Together, they form The JobsOhio
Network, a partnership of economic development professionals
with the local contacts and expertise needed.
As the JobsOhio network partner for Southwest Ohio, REDI
Cincinnati helps companies explore expansion or relocation
options and connects them with available funding and business
leaders who are experiencing success in our region. REDI works
with nearly 125 local and private economic development
professionals to provide a unified response to the business
growth needs of companies in the 15-county region.
Cluster Strategy
Equals Industry
Expertise
This strategy advances key industries in Greater Cincinnati where
we have the greatest potential for
job growth.
Won Projects by Cluster*
9%
2%
14%
42%
12%
12%
9%
Total Job Creation & Retention
by Cluster*
4% 1%
18%
38%
4%
31%
4%
Advanced Manufacturing
BioHealth
Advanced Energy
Consumer Products & Brand
Development
Finance, Insurance & Information
Technology
Food Processing & Agriculture
Other
*Represents Ohio projects only
THANK YOU 2014 REDI CINCINNATI INVESTORS
Founders
Hamilton
County
Partners
AK Steel Corporation
American Financial Group
Cincinnati Business Committee
(CBC)
Cincinnati Business Courier
Cincinnati Children’s Hospital
Medical Center
Cincinnati Regional Business
Committee (CRBC)
Cincinnati USA Regional Chamber
City of Blue Ash
The E. W. Scripps Co.
Enquirer Media
First Financial Bancorp
GE Aviation
The Huntington National Bank
Mercy Health
Tri-County Economic
Development Corporation
(Northern Kentucky Tri-ED)
Warren County
Western & Southern Financial
Group
The Christ Hospital
Cincinnati Bell, Inc.
The Kroger Co.
LPK
Macy's, Inc.
Ohio National Financial Services
The Sheakley Group of
Companies
Southwest Ohio Career Center
Colliers International Greater
Cincinnati
Deerfield Township
Deloitte
Dinsmore & Shohl, LLP
Downtown Cincinnati, Inc.
DTZ
Empower MediaMarketing
Enerfab
Ernst & Young, LLP
Frisch's Restaurants, Inc.
Frost Brown Todd, LLC
Graydon Head & Ritchey LLP
The Karpos Group
Katz Teller
Keating Muething & Klekamp, LLP
Loth
Meridian Bioscience, Inc.
Messer Construction Co.
Miami University
Michelman
Miller Valentine
Neyer Properties
North American Properties
Northern Kentucky University
The Paladin Company
Paycor, Inc.
Pomeroy IT Solutions Inc.
Port of Greater Cincinnati
Development Authority
RCF Group
Reading Rock, Inc.
Sibcy Cline, Inc.
Sims Lohman
Taft, Stettinius & Hollister LLP
Tata Consultancy Services
Thompson Hine, LLP
Towne Properties
Toyota Manufacturing
TriHealth
TriVersity Construction
Company, LLC
Ultimate Air Shuttle
Village of Evendale
West Chester Township
Wordsworth Communications
Xavier University
dunnhumbyUSA LLC
Fidelity Investments
Hixson Architecture Engineering
Interiors
Liberty Township
PEDCO E&A Services, Inc.
ProSource
TechSolve, Inc.
Thomson-MacConnell Cadillac,
Inc.
Ulmer & Berne LLP
Washing Systems, LLC
CJH Consulting
European American Chamber
of Commerce (EACC)
Gold Star Chili
Hills Properties
Pathway Guidance, LLC
PMC SMART Solutions, LLC
Ross Sinclaire & Associates, Inc.
Winegardner & Hammons, Inc.
Stewards
American Modern Insurance
Group, Inc.
Bank of Kentucky
Castellini Management Company
Directors
AAA Allied Group Inc.
Al Neyer, LLC
Bricker & Eckler LLP
Budco Group, Inc.
Carol Ann & Ralph V. Haile, Jr.
Foundation
Cincinnati Area Board of
Realtors, Inc.
Cincinnati Bengals, Inc.
Cincinnati State Technical and
Community College
City of Fairfield
City of Hamilton
City of Lebanon
City of Mason
Clermont Chamber of Commerce
Clermont County CIC, Inc.
Ambassadors
City of Forest Park
City of Harrison
City of Middletown
City of Sharonville
Friends
Barnes Dennig & Co.
Cassady Schiller & Associates
CCR - Cushman & Wakefield
Interested in how your company can become more involved with REDI Cincinnati? Contact us at
513-562-8474 or [email protected] to ask us about investment opportunities.
Visit us at REDICincinnati.com for more information.
@GrowCincyUSA
/REDICincinnati
REDI Cincinnati