May 28, 2014
Cincinnati, Dayton awarded joint federal designation
'Investing in Manufacturing Communities Partnership' will help with grants for aerospace, advanced manufacturing
Cincinnati Mayor John Cranley is proud to announce the U.S. Economic Development Administration has selected the cities of Cincinnati and Dayton for an important federal designation that will help the region get assistance for manufacturing projects.
The Cincinnati-Dayton region is one of 12 communities selected nationwide to take part in the Investing in Manufacturing Communities Partnership (IMCP) program. Under the IMCP, applicants from the region’s geographic boundaries will get preferential consideration for federal grants totaling $1.3 billion.
Also, the Cincinnati-Dayton region will get assistance from a concierge at nine federal agencies to help access other federal manufacturing resources, as well as receive branding at the national and international level as a specialized "manufacturing community."
The Cincinnati-Dayton region, including Northern Kentucky, chose to jointly apply for the designation based on the strength of the region’s aerospace and associated machining manufacturing industry. Partners in the effort include the City of Cincinnati, the City of Dayton, REDI Cincinnati and the Dayton Development Coalition.
The designation will help further development of the Southwest Ohio and Northern Kentucky Aerospace Region (SOAR), which runs along the Interstate 75 corridor between Cincinnati and Dayton.
Mayor Cranley praised the designation, along with the help of Dayton Mayor Nan Whaley in achieving it.
"Anytime we can combine our efforts to give us a competitive advantage at securing those grants, it's a good thing. Each city can build on the other’s strengths, which helps our region and the entire state," Mayor Cranley said. "Mayor Whaley and her leadership have been an invaluable help in getting the designation."
Mayor Whaley expects the designation will yield great benefits.
"We are thrilled to have been selected for this designation," said Mayor Whaley. "The assets of the Cincinnati-Dayton region are significant and this designation recognizes the hard work of both communities. Our partnership with the City of Cincinnati, the Dayton Development Coalition and REDI will be a great advantage to Southwest Ohio."
Regional partners also were excited about the news.
"Aerospace and manufacturing are at the core of the Dayton region's deep history and our future," said Jeff Hoagland, President and CEO of the Dayton Development Coalition. "Along with our partners, the DDC is excited our proposal came out on top and that we’re in an even stronger position to compete in the aerospace manufacturing industry."
With exceptional manufacturing capabilities, abundant natural resources, great market access and demonstrated success in public-private partnerships, the SOAR is ideally positioned to accelerate the resurgence of manufacturing in the region.
Key stakeholders in the effort include General Electric, a world leader in the development of jet engines, components and integrated systems for commercial and military aircraft; Wright-Patterson Air Force Base; and research centers at the University of Dayton and the University of Cincinnati.
"When we jointly market the region, it makes us even more competitive nationally and internationally in attracting new businesses," Mayor Cranley said.
Aerospace product and parts manufacturing is one of the SOAR corridor’s strongest concentrated industries with an employment location quotient (LQ) of 2.27 and an establishment LQ of 2.47 -- meaning employment in the industry is 127% and establishments are 147% more concentrated in the region than the national average.
The LQ places the region in the top third nationwide for the industry as defined by the Top-Third Ranked Location Quotients for Establishments and Employment tool provided by the Economic Development Agency.
For more information, contact Kevin Osborne, Director of Communications, at 513-516-1966 or email@example.com.