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Q: What drives Cincinnati's economy? ( Answered 4 out of 5 stars,   0 Comments )
Subject: What drives Cincinnati's economy?
Category: Business and Money > Economics
Asked by: shikibobo-ga
List Price: $10.00
Posted: 08 May 2004 08:05 PDT
Expires: 07 Jun 2004 08:05 PDT
Question ID: 343177
What drives Cincinnati's economy? (Major industries, most important
business segments, huge employers, etc.)
Subject: Re: What drives Cincinnati's economy?
Answered By: digsalot-ga on 08 May 2004 14:42 PDT
Rated:4 out of 5 stars
Hello there

First of all,Cincinnati is a port city.  In fact, it is Ohio's primary
port. The economic base of Cincinnati is due in large part to
manufacturing, wholesale and retail trade, insurance and finance. But
as we will see later in the answer, these are not the main economic
engines driving the economy.

The population of greater Cincinnati is about two million, which
includes figures from across the Ohio River in Kentucky.

The Cincinnati Chamber of Commerce has 257 companies listed it their
directory including profiles of the companies. - From Cincinnati Chamber of Commerce

Some of the well known national and international companies
headquartered in the city include Kroger and Proctor & Gamble along
with Deloitte & Touche which ranks as the fastest-growing North
American technology company, based on revenues.

The largest employer in Cincinnati is The University of Cincinnati
Medical Center with 16,268 directly employed at the center.
"The result is a Medical Center that is now the leading employer in
the region and one of the most powerful economic engines in the
Tri-State...The Medical Center provides 16,268 full-time equivalent
jobs in the Tri-State (up from 14,746 in 1999), making the Medical
Center the largest employer in Greater Cincinnati. The "ripple effect"
of that direct employment generates a total of nearly 42,000 jobs in
Ohio and more than 50,000 jobs in the Tri-State that are directly or
indirectly related to the operations of the Medical Center." - Economic Impact Statement,
University of Cincinnati Medical Center

"Cincinnati ranks fourth among U.S.cities for largest employment in
the areas of biotechnology, chemicals, pharmaceuticals, and advanced
materials. In addition, more than 82,000 people work in health
services, making it the region?s largest employment sector" - Source:
Ohio Bureau of Employment Services

Metropolitan Cincinnati has nearly 4,000 biomedical, research, and
related support businesses, including chemicals and allied products,
instruments, wholesale medical, hospital equipment,and research
services - Source: U.S. Census Bureau

What is listed above, plus other research and medical facilities,
makes health care the main focus of the Cincinnati economy and the
city's new and growing economic foundation is biotechnology.

Information above is derived from the following websites plus those
included in the text of the answer: - Open World
Leadership Center -
Biotechnology in Cincinnati - A PDF file, Acrobat Reader needed

Search - Google
Terms - cincinnati economy, cincinnati employers, cincinnati statistics

If I may clarify anything before rating the answer, please ask.

shikibobo-ga rated this answer:4 out of 5 stars

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