Cincinnati boasts a robust and diversified economy, underpinned by key industries such as healthcare, manufacturing, finance, and professional services. As of 2024, the region’s gross domestic product (GDP) reached $198 billion, surpassing Columbus and Cleveland and marking it as the largest metro economy in Ohio.
Major industries in the area include:
Healthcare: This sector is a significant contributor to Cincinnati’s economy. Cincinnati Children’s Hospital Medical Center stands out as the largest employer in the region, with 19,568 employees. Other notable healthcare employers include TriHealth and UC Health.
Manufacturing: Cincinnati has a strong manufacturing base, encompassing industries such as automotive, aerospace, chemical production, and food manufacturing. Prominent companies in this sector include GE Aerospace (Corporate HQ / 9,000 jobs), Bosch, and Ford.
Finance and Insurance: The city is home to major financial institutions like Fifth Third Bank (Corporate HQ / 6,140 jobs) and American Financial Group, both of which play pivotal roles in the local economy.
Retail: The Kroger Company, headquartered in Cincinnati, is a leading employer with approximately 9,000 local employees.
Procter & Gamble, a global leader in consumer goods., is also headquartered in Cincinnati.
Additionally, the region’s transportation and warehousing industry has experienced significant growth, adding over 16,000 jobs in the past decade, making it the fastest-growing industry in the area.
Overall, Cincinnati’s diverse economic landscape, bolstered by leading employers and thriving industries, positions it as a key economic center in the Midwest.
