Cincinnati, OH (PRWEB) June 29, 2013
The Cincinnati USA Partnership shared key insights into the Cincinnati region’s economic development during the 2013 Report to the Community, June 27, at the Westin Hotel in downtown Cincinnati. Denyse Ferguson, Senior Vice President and Executive Director of the Cincinnati USA Partnership provided guests with a detailed report on past, current and future projections on the region’s job retention, business attraction and economic development, as well as provided information on the Partnership’s 2013 traction, cluster success and projects underway. Some highlights include the following:
•2012 saw 35 closed projects, up sharply from 2011’s 14 closed projects
•2012 saw more than 7,000 new and retained jobs
•2012 saw more than $193M in capital investment a significant increase over 2011’s $43.7M
•2013 YTD has already seen capital investment of $232M, exceeding the $200M goal
“Cincinnati stands out nationally as a city with tremendous growth potential,” said Stanley S.
Litow, IBM's Vice President of Corporate Citizenship & Corporate Affairs and President of IBM's Foundation, and Keynote Speaker at the event. "Through IBM's Smarter Cities Challenge, IBM has helped more than two dozen city governments address critical urban issues that will enable them to become more vibrant and livable places for their citizens. I was excited to have the opportunity to contribute some personal thoughts on how the results of the Smarter Cities Challenge can help Cincinnati continue to grow.”
During the Report, a panel comprised of representatives from the Partnership, The Brandery, Cincy Tech, Cintrifuse, Ahalogy and Empower MediaMarketing discussed how their organizations work together to attract and retain top talent in Greater Cincinnati. According to the Brandery, nine out of 10 companies come to their Accelerator from outside Cincinnati, and at least half stay in Cincinnati. Cincy Tech touched on competitive lines eroding that cause exploitable tension in the marketplace, while Cintrifuse discussed the importance of the “Three Legged Stool” – Access and Scale, Place and Funding.
This event was sponsored by the Cincinnati USA Partnership, JobsOhio, Castellini Foundation, Cincinnati Children’s Hospital, City of Cincinnati, Duke Energy, Fifth Third Bank, Hamilton County, Jewish Foundation of Cincinnati, Macy’s, Procter & Gamble, PNC Bank, University of Cincinnati and Media Sponsor, The Cincinnati Business Courier.
About The Cincinnati USA Partnership
The Cincinnati USA Partnership, directed by the Cincinnati USA Regional Chamber, has been the region’s leading economic development initiative for the past 25 years. The Partnership is responsible for attracting, retaining and growing new business, jobs and investment in the three-state, 15-county region known as Cincinnati USA. The Partnership is committed to growing key industries in the region within specific clusters, including Advanced Manufacturing; BioHealth; Consumer Products and Brand Development; Finance, Insurance and IT; Food Processing and Agriculture; and Advanced Energy. In 2007, 2008 and 2010, the Partnership was recognized by Site Selection Magazine as one of the Top 10 Development Organizations in the nation. The Partnership is supported through a five-year campaign with investment from nearly 120 companies and public economic development organizations. For more information, visit http://www.cincinnatiusa.org and watch the Region In Motion Video.
About the Cincinnati USA Regional Chamber
The Cincinnati USA Regional Chamber is the nation's fifth largest chamber, representing the interests of more than 5,000 member businesses. Its mission is to capture Cincinnati USA as one of the world's favorite American business centers. The chamber serves its membership and the Cincinnati USA community through economic development, government advocacy, festivals and events, regional vision and collaboration, money-saving benefit programs, leadership and networking opportunities and educational programs. For more information, visit http://www.CincinnatiChamber.com.