Cincinnati USA Community Profile

CINCINNATI USA: WHERE TO LEARN MORE
For additional information about locating your business
in Cincinnati USA, visit: CincinnatiUSA.org. For specific
questions, e-mail us at [email protected].
The Cincinnati USA Partnership is a regional economic
development organization representing Southwest
Ohio, Southeast Indiana and Northern Kentucky.
The Partnership has helped hundreds of companies
locate their businesses in Cincinnati USA.
300 Carew Tower
441 Vine St.
Cincinnati, OH 45202
513.579.3100
CincinnatiUSA.org
©2010 Cincinnati USA Regional Chamber
8.10 | XX | 1000 | SS
CINCINNATI USA: A REGION OF OPPORTUNITIES
CINCINNATI USA: REGION OF PROGRESS
Welcome to Cincinnati USA,
a progressive three-state,
15-county region at the
intersection of Ohio, Kentucky
and Indiana, located on the
banks of the Ohio River…
and an all-together
surprising region.
Cincinnati USA is a global business center
with nine Fortune 500 companies, more
than 300 foreign-owned firms and invaluable
accessibility to customers and suppliers
across the world. A place where rolling hills
and a scenic river valley strike a breathtaking
contrast against a metropolitan skyline.
Considered to be the first major American boomtown,
Cincinnati USA continues to flourish as a thriving region,
firmly grounded by its innovative spirit, rich heritage infused
with a youthful exuberance and resurgence.
We are a region of contrasts. Historic yet modern. Established
yet innovative. Familiar yet surprising. Urban and suburban at
the same time. Community-minded and individually focused.
And it’s these contrasts that create a unique vitality that sets
Cincinnati USA apart from others.
CINCINNATI USA: CONVENIENT LOCATION
Global Access to
Customers & Suppliers
Cincinnati USA sits at the crossroads of three states
in the Midwest—a gateway to the world. Companies,
clients and supplies come and go via a first-class
transit infrastructure, traveling across the globe and
back with ease.
Cincinnati’s central location makes every major
destination in the Midwest easily accessible-Detroit,
Chicago. Pittsburgh, Indianapolis, Columbus,
Cleveland, Louisville, Nashville and others.
By Air:
The Cincinnati/Northern Kentucky International
Airport (CVG), located in Northern Kentucky, has
dozens of non-stop flights—including international
destinations
This central location and the abundant resources
available, makes Cincinnati USA a key destination
for personal and career opportunities, travel and
overall good reach
One-hour flight to half the U.S. population
Within 600 miles (966 kilometers) of:
52% of the nation’s population
Top 50 U.S. markets served with direct, nonstop
flights from CVG, including international
53% of the nation’s purchasing power
Serves nearly 9 million passengers a year
52% of the nation’s manufacturing
establishments
Home to 1 of 6 Delta Hubs
Ranked 1 of 10 Best Hubs in North America, 2008
(by JD Powers & Associates)
Population: 2,133,678
Largest Metro Region in Ohio
24th Largest Metro Region, with infrastructure
and services (transportation, power,
technology, healthcare, education) comparable
to any western world mega-city
By Interstate:
Interstates I-75, I-71 and I-74 link the
Cincinnati USA region to the rest of the
continental United States
20 major metro markets within 400 miles and
30 major metro markets within 600 miles
Bus system links downtown with the suburbs and
Northern Kentucky
More than
1.56 million workers
live within 50 miles
of the downtown
Cincinnati USA vicinity.
CINCINNATI USA: HOME TO BUSINESS & INDUSTRY
Global Business
Center
More than 47,000 scientists,
engineers and technicians are
employed in the region
Established &
Emerging Industries
More than 100,000 young
professionals join the
Cincinnati USA
workforce each year
Established Clusters
Emerging Clusters
Aerospace
Advanced Energy
300 companies
180,000 workforce
The Cincinnati-Dayton corridor ranks in
the top 15 areas nationally for number of
companies directly involved with aerospace
products and parts manufacturing.
Automotive
200 companies
95,000 workers
Cincinnati USA accounts for more than
25% of the Tier 1 auto suppliers in the
United States.
Chemistry & Plastics
300 companies
35,600 workers
This region is home to nearly 300
businesses involved in the manufacturing
of basic and specialty chemicals,
pharmaceuticals, soaps and cleaners,
flavorings, printing inks, adhesives,
paints and coatings and plastics and
rubber products.
Financial Services
5,300 businesses
62,000 workers
With one of the largest metro areas in the
country, Cincinnati USA boasts a number of
Fortune 1000 companies involved in the
financial services industry and is leading
the region in banking, insurance,
investment, and securities firms, venture
capital and real estate.
Cincinnati USA’s leadership in technological
innovation and manufacturing makes it a
perfect location for new opportunities in
advanced energy. With exceptional
manufacturing capabilities, abundant
natural resources, easy market access and
demonstrated success in public-private
partnerships, the region is positioned to
become a leader for the next generation of
energy supply.
Consumer Products/Creative Services
A core of companies, including Procter
& Gamble, The Kroger Co. and Macy’s,
are driving Southwest Ohio’s strong
consumer services industry and
burgeoning creative services.
Information Technology
This region profits from a robust and
diverse IT cluster that includes Fortune
1000 companies, a strong network of
highly-rated academic institutions, global IT
service providers, world-class infrastructure
and engaged IT leadership.
Biociences
Cincinnati USA is a strong research
community with the University of Cincinnati,
as well Cincinnati Children’s Hospital
Medical Center, involved in the research,
testing and production of pharmaceuticals,
medical devices and equipment, along with
agricultural products.
Entrepreneurial Activity
Cincinnati USA is home to Nine Fortune 500 company headquarters:
Cincinnati USA has the ability to drive early-stage capital into high-growth-potential,
high-tech companies who have a focus in information technology, biosciences
and advanced manufacturing/materials through CincyTech. CincyTech helps
entrepreneurs turn great ideas into great companies.
Growing the size and scale of minority business is another focus and success story
in Cincinnati USA. Through the work of the Minority Business Accelerator. Local
minority-owned businesses have grown their local employment by 11% and revenues
by over 20%.In addition, the MBA works with the regional corporate community to establish annual
minority spend goals. Since the MBA’s inception, more than $500 million has been committed annually
to local minority firms in the region, a 100% increase over the last five years.
400 Fortune firms have operations in Cincinnati USA
15 Fortune 1000 firms have operations here
CINCINNATI USA: FOREIGN-DIRECT INVESTMENT
Top 5 Countries with
Foreign Investment
in Cincinnati USA
Japan
Germany
CINCINNATI USA: EDUCATION
Global Partners
& Customers
United Kingdom
France
Canada
Foreign investment in the local economy is substantial.
More than 300 Cincinnati-area firms are presently owned by companies
in Asia, Europe and North America.
More than 1,000
area firms have
contributed to
Cincinnati USA’s
position as a Top 25
international trade
center, generating
Cincinnati USA is committed
to
lifelong learning, with a vast network
approximately
of
colleges,
universities and career development
$11.8 billion in
centers that sustain the region’s diversified workforce. The
sales to markets
wide array of educational institutions available within the tri-state area
outside the
partner with not only the academic community, but also with the business
U.S. each
community, ensuring a variety of opportunties for students, faculty and business leaders.
year.
Educating for
the Future
CINCINNATI
Cincinnati USA is home to nationally- and
internationally-recognized educational institutions:
Colleges, universities and professional
schools (within 30 miles) = 14
University of Cincinnati’s College of Design, Architecture,
Art and Planning (DAAP)
Junior colleges and technical
institutes (within 30 miles) = 19
Xavier University ranked in Top 10 for best schools
in the Midwest
K–12 public school districts = 71
Cincinnati State’s Midwest Culinary Institute
Cincinnati Public Schools’ School for Creative and
Performing Arts
K–12 private school districts = 56
CINCINNATI USA: QUALITY OF LIFE
Enjoy Excellent
Quality of Life
Cincinnati USA is constantly evolving,
with opportunities and discoveries
around every corner.
With its wide
variety of worldrenowned arts
offerings, major
and collegiate
sports franchises,
a multitude of
educational
opportunities and
a lively quality of
life, there is
always something
interesting to do.
Cincinnati USA
offers a network
of contrasting neighborhoods full of vibrant diversity
within each one, distinctly special, yet still part of
a close-knit familiar community. Cincinnati USA is
a livable region that is safe, with a low cost of
living and affordable housing, with a commuterfriendly atmosphere.
Cost of Living
Cincinnati USA’s cost of living is truly remarkable and
has been long underrated. Cost of living is generally
only appreciated upon experience; however, compare
the standard of living between Cincinnati and any
other major metro, and you will quickly realize how
affordable Cincinnati truly is.
Cincinnati USA
Entertainment
Movie
50
Theaters
(within 15 miles)
2,459
Restaurants
(within 15 miles)
319 Bars
(within 15 miles)
Public
105
Golf Courses
(within 30 miles)
The average price of housing* in:
U.S. =
$212,300
Cincinnati =
$138,600
* Based on average of 2006, 2007 & 2008 average prices;
Source: National Association of Realtors
Anyone seeking exciting, enriching careers will
be delighted upon entering Cincinnati. More than
1.5 million workers live within 50 miles of the heart
of the city, and Cincinnati is in the nation’s Top 10
markets for number of Fortune 500 headquarters
per million residents, higher than New York, Boston,
Chicago and Los Angeles.
National Spotlight
Although Cincinnati is a community of communities,
a friendly mesh of easy-going people, and a
surprisingly affordable destination, we are also
nationally renowned and recognized. Cincinnati
generates national buzz and interest through
several avenues, including: sports, museums
and attractions, and educational institutions.
Cincinnati was home to the first professional
baseball team, the Cincinnati Reds; the city also
features NFL action with the Cincinnati Bengals and
other sports, such as hockey, tennis, volleyball, and
more. Don’t forget about our college sports, too.
We have some of the top college talent in the nation
at Xavier University and University of Cincinnati—not
to mention, University of Kentucky, Miami University
and University of Louisville are a relatively short
drive away.
Cincinnati USA is one of only a dozen cities that has
all five major arts disciplines represented (ballet,
opera, art museum, symphony, theatre), home to
the fifth oldest symphony orchestra and a two-time
Tony Award-winning Playhouse in the Park.