GREATER CINCINNATI: A MANUFACTURING POWERHOUSE

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1 GREATER CINCINNATI: A MANUFACTURING POWERHOUSE

2 GREATER CINCINNATI HAS a vibrant business culture to support manufacturing companies that need to discover new ways to market products, send those products to customers or expand their footprint. The 2,500 regional manufacturing companies are driving the latest industry innovations in the aerospace, automotive, chemicals and plastics, and industrial machinery and metalworking sectors. INDIANA GREATER CINCINNATI KENTUCKY OHIO Companies of all sizes, from startups to Fortune 500 firms, effectively compete and grow in Greater Cincinnati, a 15-county region spread across Southwest Ohio, Northern Kentucky and Southeast Indiana. These companies thrive because they take advantage of the region s low business operating costs, probusiness financial incentives and resources, as well as a wellconnected business community. TAKE A CLOSER LOOK AT HOW OUR EXPERTISE, RESOURCES AND ADVANTAGES CAN GET YOU THERE. IN GOOD COMPANY: The Regional Economic Development Initiative (REDI) Cincinnati is the first point-of-contact for businesses interested in starting, locating or expanding in the 15-county region in Southwest Ohio, Northern Kentucky and Southeast Indiana. REDI Cincinnati is supported by top business leaders, investors and community partners and is staffed by a team of economic development experts. Learn more about locating your manufacturing company in Greater Cincinnati. REDICincinnati.com GrowCincyUSA REDICincinnati REDI Cincinnati

3 TOP 20 NORTH AMERICAN TRADE MARKET The Greater Cincinnati region is one of the nation s top trading partners with Canada and Mexico, swapping $17.68 billion in goods annually Brookings Institution (2013), EMSI (2013) MOST COMPETITIVE REGION IN NORTH AMERICA Greater Cincinnati ranks in the top five most-competitive cities in North America for aerospace (No. 2), chemicals and plastics (No. 4) and metals (No.5) Site Selection magazine (2015) A MAJOR BUSINESS CENTER The region is home to the headquarters of more Fortune companies per capita than New York or Los Angeles CENTRAL ACCESS TO CUSTOMERS, SUPPLIERS AND PURCHASING POWER Easy access to 2.2+ million people in the area, 25 of the largest metro regions, more than half of all U.S. manufacturing establishments and half of the U.S. population IN GOOD COMPANY The region has more than 2,500 manufacturing companies

4 A REGION OF GLOBAL INDUSTRY LEADERS, TALENT & OPPORTUNITIES AEROSPACE & AUTOMOTIVE The Cincinnati-Dayton corridor has been an aerospace powerhouse since the Wright Brothers invented the first airplane in Our region is also in the heart of the nation s automotive assembly country and home to a large, skilled workforce. Ranked second most competitive city in North America for aerospace (Site Selection magazine, 2015) 175 companies and 22,512 industry workers One of the highest concentrations of aerospace talent in the U.S. One of the Top 15 markets in the nation for aerospace products and parts manufacturing Five of the nation s Top 50 aerospace and engineering universities are within 200 miles of the region Headquarters of GE Aviation, the world s leading provider of aircraft engines Annual economic impact in Ohio is more than $8 billion Ohio is the No. 1 supplier state to Airbus and Boeing Central access to 80 percent of North American light vehicle production that takes place within 600 miles (1,000 KM), including 58 automotive assembly plants Annual North American trade for motor vehicles, parts and other transportation equipment is $144.6 billion (Brookings Institution, 2013) LAND YOUR NEXT BIG CLIENT IN GREATER CINCINNATI With a number of global industry leaders corporate and North American headquarters located in Greater Cincinnati, you won t have to look far for opportunities to land new business or to find partners to collaborate on innovations.

5 GET THE BEST TALENT AT A BETTER COST Access a diverse and talented industry workforce of more than 117,000 within 50 miles of Cincinnati s city center which is almost 13 percent of our region s workforce and at competitive wages that match the low cost of living. Strengthen your workforce annually when 200,000 bright minds graduate from the 300+ colleges and universities within a 200-mile radius of our region as well as through the workforce development programs that are offered by our colleges, universities and organizations. CHEMICALS AND PLASTICS From specialty chemicals to soaps to printing inks and adhesives, a wide variety of chemical and plastics companies are located in the Greater Cincinnati region. Ranked fourth most competitive city in North America for chemicals and plastics (Site Selection magazine, 2015) More than 280 companies and 15,300+ industry workers 3,200+ chemists, chemical engineers, chemical technicians, chemical plant and system operators, and chemical equipment operators and tenders Hundreds of scientists, engineers and technical professionals Widespread collaboration enables companies to innovate, advance R&D efforts and maximize resources Headquarters of Fortune 500 Ashland, Inc. and KAO USA, a leading global manufacturer of premium beauty care brands INDUSTRIAL MACHINERY AND METALWORKING Our industrial machinery and metalworking companies put Greater Cincinnati on the map as the go-to place for metals, plastics and composite parts, and difficult-to-machine metals and materials. Close to 750 companies and 27,000+ skilled workers Ranked fifth most competitive city in North America for metals (Site Selection magazine, 2015) Major aerospace, automotive, original equipment manufacturers and component part suppliers, count on our region s unique and innovative production capabilities to turn their visions into realities Headquarters of Fortune 500 AK Steel and the home to the operations of global machinery companies such as, Milacron, Mazak, Makino, and MAG

6 A TOP-RANKED BUSINESS CLIMATE AND LOW OPERATING COSTS It costs less to run a business in our region than in the majority of other large metropolitan areas in the nation. In addition, our top-ranked business climate including the lowest business and capital investment rates in the Midwest will help provide steady, solid results for your company. O% Corporate franchise tax, tangible personal property tax, inventory tax, sales tax on machinery in Ohio. PLACE WHERE STARTUPS ARE THRIVING Named a hotbed for entrepreneurial growth Forbes, 2015 NO. 2 LOWEST BUSINESS OPERATING COSTS of all U.S. metropolitan areas with populations of two million or more. KPMG Competitive Alternatives Study, 2013

7 At GE Aviation, we are working hard to develop tomorrow s breakthrough industry technologies. To do this, we need to continually recruit and invest in tomorrow s aerospace innovators. The Greater Cincinnati region has been a great location for our global headquarters as it provides us close proximity to top-notch manufacturing suppliers and universities and a deep bench of engineering talent. Jamie Regg, senior executive, communications & GE Advantage 2,500 MORE THAN manufacturing companies are located in Greater Cincinnati FASTEST-GROWING economy in the Midwest U.S. Bureau of Labor Statistics, 2015 SOAR Federal government designated Southwest Ohio/Northern Kentucky Aerospace Region (SOAR) as one of 12 U.S. manufacturing communities

8 ACCESSIBLE Easy access to 2.2+ million people in the area, 25 of the largest metro regions, more than half of all U.S. manufacturing establishments and half of the U.S. population. STABLE Enjoy a low-risk, high-return business environment that yields steady, solid results with the lowest business and capital investment tax rates in the Midwest. TALENT Tap into local colleges, universities and professional schools for tomorrow s talented leaders. LIFE Take advantage of the safe, affordable and lively environment where the cost of living is 10 percent lower than the national average. GLOBAL Benefit from the 450+ foreign-owned firms and the headquarters of more Fortune companies per capita than Los Angeles, New York or Chicago. Let the Regional Economic Development Initiative (REDI) Cincinnati connect your company to all the advantages the Greater Cincinnati region offers. To learn more, contact REDI Cincinnati at (513) East Fourth Street Suite 301 Cincinnati, OH (513) Info@REDICincinnati.com REDICincinnati.com GrowCincyUSA REDICincinnati REDI Cincinnati c ps