Cincinnati – An Emerging Market for Economic Growth
Summary of the Presentation at the Cincinnati NIRI Chapter Meeting on January 8, 2014
The Cincinnati Tri-State Chapter of NIRI held its third meeting of the season on January 8, 2014. This event was hosted by Macy’s, Inc. at their headquarters. Tammy Riddle, Cluster Director for IT and Finance at the Cincinnati USA partnership, presented to the group how her organization works to identify the business growth needs of companies across all industries and provides resources to new and emerging businesses as it promotes the region to prospective employers and employees.
Below are several key points from the presentation.
- Cincinnati is a major HQ town, and consumer capital of the world. 10 Fortune 500 firms HQ here, with more the 400 of the F500 having operations here. #1 Grocer HQ (Kroger), #1 CPG (P&G), #1 Retailer (Macy’s). It’s often thought of just a manufacturing town, while there is a lot of manufacturing jobs here, the region’s corporate make up is actually very diverse and heavy in Financial & Insurance Services, Healthcare, and Consumer industries, which we host several global and N. American headquarters.
- Cincinnati is growing. We are already the largest metropolitan in the State of Ohio, having outpaced Cleveland and Columbus. There is a renaissance of start-ups and innovation efforts coming from our region’s employers. There are a multi-million dollar real estate development projects along the riverbank, OTR, downtown and across the region.
- Cincinnati is the #1 least costly place to do business in the US. (KPMG Location Matters Study 2012) This designation considering new tax reform, the overall tax burden, business costs including employment wages, real estate, and tax benefits.
The presentation from the meeting is available at www.niri-cincinnati.com
The presentation from the meeting is available here.