Economic Investment Brings Hundreds Of Jobs
Economic Investment Brings Hundreds of Jobs To Cincinnati
Rough Brothers, Inc. Relocation Brings 120 New Jobs To Cincinnati; $13.3 Million Dollar Project In Bond Hill Will Be Built To LEED Standards
Rough Brothers, Inc., a greenhouse design and manufacturing firm, will bring 120 new jobs to the City of Cincinnati when it relocates its headquarters to the Bond Hill neighborhood.
Rough Brothers has agreed to purchase 20.5 acres of vacant land at the southwest corner of Paddock Road and Regina Graeter Way from the City for $1.3 million.
With the construction of the new headquarters, Rough Brothers is expected to create 120 jobs inside the city within three years, creating $1.2 million in new net tax revenue. The company has committed to remaining in Cincinnati for 10 years.
"The Rough Brothers relocation is a perfect example of Cincinnati’s GO Cincinnati initiative being put to work," said City of Cincinnati Economic Development Director Odis Jones. "The site the company chose is located in an area that we have been working to grow for advanced manufacturing and research-oriented businesses. Rough Brothers is this type of business and will complement well with this already strong job-generating area of the City."
The company's new headquarters will include a 150,000-square-foot office and manufacturing facility that will be built to LEED standards. Construction of the new facility is estimated to cost $4 million, while the project as a whole will cost $13.3 million.
High-Tech Manufacturer To Invest $2M In Camp Washington; Project To Create 50 New Jobs
Meyer Tool, Inc., as a result of increasing demand, is making plans to construct a new manufacturing facility and expand at its current location, investing $2 million in Camp Washington.
A new 30,000-square-foot facility at 3154 Spring Grove Ave. and an expansion at 3055 Colerain Ave. will create 50 new jobs, as well as allow the company to retain 586 current employees within the city. The project is made possible through tax incentives from the City of Cincinnati.
"This project represents new investment in the Camp Washington community. The property tax incentive will help the company create new jobs," said Odis Jones, City of Cincinnati Economic Development Director. "The City's incentive programs lower the cost of doing business in Cincinnati for Meyer Tool, Inc. and allow the City to retain a major employer in the business community."
Meyer Tool, Inc. manufactures turbine engine components for aircraft engine manufacturers. Its customers include GE Aviation and Rolls Royce.
Construction on the project is expected to be completed by next spring.