ECONOMIC DEVELOPMENT
CINCINNATI USA REGIONAL CHAMBER ECONOMIC DEVELOPMENT AT A GLANCE $2.76 billion tax cuts for Ohio businesses
AGENDA 360
Advanced Regional Transportation
16 Investors 100+ Companies 15 Executive Leaders 150+ volunteers
Build Our New Bridge Now Coalition & CVG Partnership Connected members with 131 Elected Officials
Diverse by Design Involvement
CINCINNATI USA PARTNERSHIP
MINORITY BUSINESS ACCELERATOR (MBA)
7,800 jobs attracted and retained
$771 million spent by minority business 30% increase in minority business spending over
YTD
$579 million in total payroll $212 million in new capital
2011
38 Economic development projects
an 8.5% increase from 2011
investments completed
38% revenue increase of portfolio firms 3,360 new employees in minority firms, 34 portfolio companies, 3 new companies in 2013
CINCYTECH Closed $11 million seed fund for new business investment and growth of current portfolio companies Portfolio companies: Exceeded $300 million in revenue, investments & returns Created 417 jobs
Cincinnati GDP 2% increase in 2014
9.6% unemployment rate in 2010
6.7% estimated
Average salary $71K
unemployment rate in 2014
$5.5M sourced from Ohio Third Frontier to support
26 consecutive months of
entrepreneurship
12
REGIONAL PROGRESS
Business Connections
increased Cincinnati home sales as of August 2013