economic development

Cincinnati officials often get many questions about offering tax breaks and incentives to companies to bring jobs and businesses to the city.  

Council's Rules and Audit Committee got an overview Tuesday of such programs and the results.  

Jeff McElravy is the Interim Director of the city's Trade and Development Department.  He described the balance with offering company's job creation tax credits.

Jay Hanselman

Catholic Health Partners is going to build a new facility in Bond Hill and the decision will bring about 1,000 new jobs to the neighborhood.

CHP will be combining employees currently working at four different locations in the new 350,000 square foot facility.  It will be located at the former Showcase Cinemas site.  It’s expected to be open in the second quarter 2016.

GE

Cincinnati Mayor John Cranley will not confirm media reports General Electric plans to locate its U.S. Global Operations Center and 1,400 new jobs at The Banks development.  

Cranley was asked about the issue Thursday during a press conference on another topic.  Cranley said reporters should write stories once GE makes its official announcement.

  Sporting events such as the Western & Southern Tennis Tournament, the Flying Pig Marathon, and the NCAA Hockey Regionals are not only big draws for participants and fans, they are also powerful economic generators for the region, bringing millions of dollars into Greater Cincinnati each year.

  The Center for Economic Analysis and Development (CEAD) at the Northern Kentucky University Haile/US Bank college of Business tracks and analyzes local, state and regional business, economic and demographic information in order to provide a clearer understanding of our area’s current economy. CEAD Senior Director Janet Harrah and local financial advisor Chris DeSimio  go over the latest numbers, and what they mean for our region’s future growth.

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