New partnership of UC, JobsOhio and hospital could create $3B annual economic impact

Ohio Governor Mike DeWine recently announced a public-private initiative “designed to make the Cincinnati Innovation District a national business draw, creating some 20,000 new jobs” and an annual economic impact of $3 billion, reports. An “up to $100 million investment by JobsOhio” will boost development in the district “anchored by the University of Cincinnati [UC] and Cincinnati Children’s Hospital Medical Center,” according to the article. UC and Cincinnati Children’s “will contribute more than $450 million” in research annually. DeWine said by creating the innovation district, the partnership is “investing in opportunities for students and incumbent workers to build a successful career in Ohio, while unleashing the research and innovation happening on our university campuses and hospitals to help drive job creation.” For more, read the full article.

Economic Development, Project Finance, State Updates