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
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