Insurance company’s $8M expansion will create 150 new jobs in Cincinnati

Great American Life Insurance Co. will invest $8 million in an expansion that will add 150 new jobs with an average annual salary of $85,000 and move most of its 633 local employees to “empty space in the GE Global Operations Center at the Banks,” reports. The State of Ohio offered $3.4 million in development incentives for the project, and Cincinnati “is expected to chip in a forgivable loan and local tax credits,” according to the article. Ohio competed against Kentucky and Massachusetts for the project. Company President Mark Muething said in a press release, “[w]e appreciate the partnership with the State of Ohio, JobsOhio, the City of Cincinnati and REDI Cincinnati as we continue to grow our business in the Queen City.” For more, read the full article

Economic Development, Financial Incentives, State Updates