Department of Community & Economic Development Annual Report 2016

Page 17

ECONOMIC DEVELOPMENT & MAJOR PROJECTS Projects Divisions serve as liaisons

BUSINESS EXPANSION AND ATTRACTION PROJECTS

between City departments, businesses,

In 2016, the Economic Development

and the development community. They

and Major Projects Divisions helped to

are dedicated to cultivating commercial

create and retain more than 4,035 jobs

development in all of Cincinnati’s 52

and leveraged in excess of $272 million

neighborhoods by providing financial,

in private investment through economic

informational and technical assistance to

development projects. This success was

businesses seeking to relocate or grow.

achieved by attracting new businesses to

The staff is adept at helping commercial

the City and helping existing companies

developers, business owners, real estate

expand their operations.

The Economic Development and Major

brokers, and site selectors navigate the administrative and legislative processes related to their projects.

FIGURE 1: ECONOMIC DEVELOPMENT AND MAJOR PROJECTS DIVISION PROJECTS Project Statistics Jobs Created

2,203

Jobs Retained

1,832

Housing Units

205

Private Investment

$272.1M

City Investment

$42.5M

Other Public Investment

$10.1M

Anthem Ribbon Cutting

17


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