Cincinnati ranks second in corporate relocations, expansions

The scores have been tallied and for 2007, the Cincinnati metro region ranks second in the nation in the number of new and expanded corporate facilities.  That’s according to Site Selection magazine, considered the industry scoreboard for such things by corporate real estate analysts. For regions with more than a million people, Cincinnati ranked just behind the Chicago metropolitan area.  It’s the highest ranking Cincinnati has ever earned in Site Selection’s annual list. The magazine focuses on new corporate location projects, and doesn’t track retail and government projects, schools or hospitals.

“This is Cincinnati’s sixth consecutive year ranking in Site Selection’s Top 10,” says Doug Moormann, vice president for economic development for the Cincinnati USA Regional Chamber. Moorman says the recognition serves “serves as a testament to the strength and vitality of our region’s business environment, and demonstrates that Cincinnati USA is capturing its rightful place as a favorite American business center.”

Overall, the state of Ohio placed first in the nation, with 399 new or expanded corporate facilities. Ohio also ranked first in 2006 and second in 2004 and 2005.

Writer: David Holthaus
Source: Mark Arend, Site Selection