January 2025

Cincinnati, Ohio is witnessing unprecedented economic growth with a surge in business expansions, significant job opportunities, and growing national recognition.

 

Givaudan, one of the largest food and fragrance companies in the world, to build $130M facility in Greater Cincinnati.

What This Means For You: Givaudan intends to build a 100,000-square-foot facility at the former Dow Chemical plant in Reading which will create hundreds of jobs in the area. The new facility is expected to cost $80 million to build and $50 million to outfit with new machinery and equipment.

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Oats Overnight plans to triple its Cincinnati presence.

What This Means For You: An Arizona company that chose Greater Cincinnati for a second location in 2023 following a national search has now leased 130,000 square feet in West Chester and aims to create 179 new jobs by 2025.

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Cincinnati Children’s to purchase Digital Futures 2 building.

What This Means For You: Cincinnati Children’s Hospital Medical Center is expanding its research presence by purchasing the 180,000-square-foot Digital Futures 2 building in the Cincinnati Innovation District (CID). The new facility will house over 200 researchers and create 100 new research jobs.

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Japanese automotive manufacturer, Pacific Manufacturing, plans to expand its greater Cincinnati operations amid EV push.

What This Means For You: Pacific Manufacturing, the U.S. subsidiary of Pacific Industrial, expects to create 96 new full-time roles and $4.7 million in annual payroll in the coming years. It will employ nearly 1,000 at its Fairfield, Ohio campus after hiring is complete.

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Cincinnati named a finalist for NWSL expansion

What This Means For You: Julie Calvert, President and CEO of Visit Cincy said in a statement. “As the fourth major league team in Cincinnati, a professional women’s soccer team would attract new visitors, boost the local economy, and strengthen our city’s position as a leader in sports.”

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Core Specialty Insurance Holdings Inc. is expanding its headquarters at PNC Center.

What This Means For You: One of Cincinnati’s fastest-growing companies, the company is hiring 45 people in Cincinnati. The new positions will pay an average of $95,000 annually.

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FC Cincinnati has unveiled renderings of its $332.8 million mixed-use district.

What This Means For You: One of the high-rise buildings would include three floors of office space, 167 multifamily residential units, and ground-floor restaurant and retail space. The other would consist of a 188-key, 12-floor hotel with a large ballroom and meeting spaces for conferences, conventions, and major events. A 40,103-square-foot entertainment venue in the building would host concerts and major public events. The building would also feature condominiums on the 13th floor. The development is split into two phases, pending a state TMUD award. Demolition for phase one could start in December and end by June.

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$129M Blue Ash mixed-use development looks forward to a possible groundbreaking early next year.

What This Means For You: The Blue is expected to feature 248 market-rate apartments, around 43,000 square feet of office space, around 53,000 square feet of retail, and restaurant space and 641 parking spaces in two parking garages wrapped by other uses. The development is expected to top 685,000 square feet, with 42,472 square feet of additional green space and public space.

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Morelia Group to build Madison Parke, a new $20M mixed-use development planned in the city of Cincinnati.

What This Means For You: The new mixed-use development is expected to have a childcare center, possibly a First Watch restaurant, and other various retail tenants. It is expected to open in 2025.

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Ohio named the 6th best state to start a small business.

What This Means For You: In its research, Lendio, which specializes in small business loans, looked at 10 metrics that are critical to the success of small business owners in 2024, including small business lending, cost of living, real estate data, educated worker migration, corporate tax rates, and state-level incentives for business owners, among others.

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