PRESENTED BY: SUPPORTING SPONSORS: PRODUCED BY:

CENTER FOR
RESEARCH & DATA
CINCINNATI USA REGIONAL CHAMBER
A MESSAGE FROM BRENDON CULL
PRESIDENT & CEO | CINCINNATI REGIONAL CHAMBER

To the Cincinnati region’s civic and business leaders:

I am pleased to introduce the 2023 State of the Region report. This annual publication is far more than a compilation of facts and figures. It is a look back, a

snapshot of now, and a glimpse at what’s to come featuring actionable insights for regional leaders, community partners, and policymakers. Our hope is that this

is data you will engage with and use to help us grow the population, economy, and cultural vibrancy of this region.

The State of the Region report, brought to you by the Center for Research and Data at the Cincinnati Regional Chamber and presented by Bank of America,

provides a comprehensive overview of our economic landscape, our successes, our challenges, and much more. It offers insights into the data and trends that

shape our industries, the opportunities that lie ahead, and the strategic pathways we must navigate to achieve sustainable growth in our region.

What stands out in this report for me is the huge opportunity to inclusively grow our region if we attract and retain talent, create a policy environment that

prioritizes job growth and development, and build on our many cultural and industrial strengths.

The work of the Center for Research and Data extends beyond this report, embodying the Chamber’s foundation of using data to build an inclusive, thriving,

and growing future city and region. A companion to this report is found online at data.cincinnatichamber.com, where you will be able to see how our region

benchmarks against peer regions on nearly three dozen key indicators.

With that, I invite you to dive into the 2023 State of the Region report. Explore the data, analysis, and stories that shape our regional narrative. We welcome your

engagement with us as we chart our shared future.

BRENDON CULL
PRESIDENT & CEO
CINCINNATI REGIONAL CHAMBER
 TABLE OF
CONTENTS
SECTION
POPULATION & MIGRATION
1 Page 3

SECTION
THIS REPORT IS PRESENTED BY: ECONOMIC INDICATORS PRESENTED BY
2 Page 11

SECTION
COMMUNITY & HEALTH PRESENTED BY
Across Ohio, Bank of America is focused on addressing the needs of our clients,
3 INDICATORS
colleagues, and community. I’m proud that each member of our Cincinnati Page 22
team is here to listen and learn what is most important to our clients and SECTION
HOUSING
help them reach their financial goals. We continue to open new retail banking
4 Page 31
locations and hire talented professionals to serve our customers’ banking needs

and provide capital to businesses across the region. We continually support our SECTION
INDUSTRY INDICATORS PRESENTED BY
communities through partnerships with local Cincinnati nonprofits that help 5 Page 36
our neighbors most in need. One of our primary areas of support is assisting

workforce development and skill building initiatives, notably in vulnerable

SECTION INDUSTRY SPOTLIGHT: PRESENTED BY
communities, including career pathway partnerships at local educational 6 MANUFACTURING
institutions and nonprofit organizations that will help drive the local economy Page 47
in Cincinnati today and into the future. We are happy to support the work of SECTION
LOOKING FORWARD
Cincinnati Chamber’s Center for Research and Data as the presenting sponsor 7 Page 55
of the 2023 State of the Region Report, a valuable resource that will drive

impactful conversations about where our community is headed and how to

influence progress for all.

MARK RYAN
PRESIDENT
BANK OF AMERICA CINCINNATI
3 POPULATION & MIGRATION

SECTION 1

POPULATION &
MIGRATION
Our regional population may be the easiest indicator to measure, but the hardest

CENTER INSIGHTS
to influence. As the Cincinnati region seeks to grow its economy, increasing its

population emerges as a pivotal element to that growth. Among the 22 peer

metros included in this report, the Cincinnati region falls in the middle of the pack

for overall population. With a population of 2,265,051, it stands as the largest metro

area in Ohio or Kentucky, displaying a consistent upward trajectory. Looking ahead,

the region has an opportunity to boost that upward trajectory and achieve even

greater annual population growth in the coming years between now and 2050.

At the Cincinnati Regional Chamber, we know that population growth isn’t just

about a number – it’s about talent and opportunity. As a region, we need to

embrace the kinds of policies that will expand upon our current population growth

and sustain it long-term. The Chamber drives and influences regional population

growth by:

• Ensuring we are a welcoming and inclusive community for current and future

residents alike.

• Working to make sure that our university graduates find a home and life here.

• Fostering a pro-growth housing, transportation, development, and policy

environment.

• Cultivating a pro-business mindset to expand and grow employment in the

region.

In this section, you will see where we’ve been, where we are, and where we can go

in terms of population, featuring areas where we are winning and others with room

to improve.
 POPULATION & MIGRATION 4

TOTAL POPULATION BY PEER REGION REGION TOTAL POPULATION

Source: US Census Bureau (2022)
Dallas, TX 7,943,685
517,916 7,943,685
Total Population 800K 3M 8M Houston, TX 7,340,118
Detroit, MI 4,345,761
Minneapolis, MN 3,693,729
Denver, CO 2,985,871
Baltimore, MD 2,835,672
St. Louis, MO 2,801,319
Charlotte, NC 2,756,069
Austin, TX 2,421,115
Pittsburgh, PA 2,349,172
Cincinnati, OH 2,265,051
Kansas City, MO 2,209,494
Columbus, OH 2,161,511
Indianapolis, IN 2,141,779
Cleveland, OH 2,063,132
Nashville, TN 2,046,828
San Jose, CA 1,938,524
Milwaukee, WI 1,559,792
The Cincinnati region is 11th among the list of 22 peer cities in total population. The region currently ranks well against Raleigh, NC 1,484,338
Louisville, KY 1,284,553
many of its local peers in this indicator, but lags behind high-growth counterparts in size, including Austin and Charlotte.
Dayton, OH 812,595
Additionally, while currently being ahead of Columbus, Indianapolis, Nashville, and Raleigh in total population, the Cincinnati
Lexington, KY 517,916
region is currently growing at a slower rate than them.

THE CINCINNATI REGION

The Cincinnati region is a 16-county metropolitan area that spans three states and over 4,800 square miles. The region,

the 30th largest metropolitan area in the United States, is a geographically diverse one ranging from the dense urban

setting of Downtown Cincinnati, to bustling suburbs like Mason and Florence, to the rolling Appalachian foothills in

eastern Clermont County and Brown County. With five Fortune 500 companies, three major league sports franchises,

historic investments in infrastructure and public transit, and some of the best parks the country has to offer, Cincinnati

is positioned to own the moniker of a Future City.

5 POPULATION & MIGRATION

REGIONAL POPULATION GROWTH & PROJECTIONS

The Cincinnati region has steadily grown over the decades and had almost 2.3 million people as of the 2020 Census. New for the 2023 edition of the State of the Region Report, the

Center for Research & Data has developed a series of population projections showing potential population growth out to 2050 under different scenarios.

REGIONAL POPULATION
Source: U.S. Census Bureau, Center for Research & Data

SCENARIO 3 | | 2,871,367

2.5M SCENARIO 1 | 2,505,990

SCENARIO 2 | 2,727,064
2M

1.5M

1M

500K

0
1950 1955 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 2020 2025 2030 2035 2040 2045 2050

The baseline population projection for the Cincinnati region shows what might happen if the status quo continues. The Cincinnati region’s favorable geography and business
SCENARIO 1

climate will continue to attract a steady stream of migration, but larger macroeconomic trends in the Midwest and an aging population in the United States will slow

growth over the decades. The region will add about 115,000 new residents between 2020 and 2030, but total population increase will slow to only 27,000 new residents

between 2040 and 2050 due to an aging population, for a total of around 249,000 new residents during the entire time period.

Population projection two shows what might happen to the region’s population growth with the wrong policies in place. Examples of these policies include exclusionary
SCENARIO 2

zoning and land use regulations, restrictive federal immigration policies, and other policies that promote a negative business environment in the region and three constituent

states. Under this scenario, an uncompetitive and unwelcoming regulatory environment slows population growth dramatically and turns negative by 2040. Between 2020 and

2050, the Cincinnati region only adds around 15,000 net residents to its population total.

Finally, population projection three shows what a pro-growth scenario looks like. In this scenario, the region adopts strong policies to encourage economic growth, tourism,
SCENARIO 3

and a higher quality of life for residents. The Cincinnati region becomes a destination for people looking for economic opportunity, and climate change reverses some of the

decades long trends of people moving to sunbelt destinations. Under this scenario, the region adds around 615,000 new residents between 2020 and 2050. While this may

seem ambitious, it represents a relatively conservative estimate as the right policies could create even greater population growth.
 POPULATION & MIGRATION 6

COUNTY POPULATION ESTIMATES

Source: US Census Bureau
Sorted by percent of region’s population
County 2000 Census 2010 Census 2020 Census 2022 Estimate Percent Change 2000 - 2010 Percent Change 2010 - 2022 Percent of Region’s Population
Hamliton, OH 845,303 802,374 830,639 825,037 -2.4% 2.8% 36.4%

Butler, OH 332,807 368,130 390,357 388,420 16.7% 5.5% 17.1%

Warren, OH 158,383 212,693 242,337 249,778 57.7% 17.4% 11.0%

Clermont, OH 177,977 197,363 208,601 210,805 18.4% 6.8% 9.3%

Kenton, KY 151,464 159,720 169,064 170,313 12.4% 6.6% 7.5%

Boone, KY 85,991 118,811 135,986 139,093 61.8% 17.1% 6.1%

Campbell, KY 88,616 90,336 93,076 93,300 5.3% 3.3% 4.1%

Dearborn, IN 46,109 50,047 50,679 51,138 10.9% 2.2% 2.3%

Brown, OH 42,285 44,846 43,676 43,680 3.3% -2.6% 1.9%

Grant, KY 22,384 24,662 24,941 25,502 13.9% 3.4% 1.1%

Franklin, IN 22,151 23,087 22,785 23,028 4.0% -0.3% 1.0%

Pendleton, KY 14,390 14,877 14,644 14,676 2.0% -1.4% 0.6%

Gallatin, KY 7,870 8,589 8,690 8,763 11.3% 2.0% 0.4%

Bracken, KY 8,279 8,488 8,400 8,452 2.1% -0.4% 0.4%

Union, IN 7,349 7,516 7,087 6,952 -5.4% -7.5% 0.3%

Ohio, IN 5,623 6,128 5,940 6,114 8.7% -0.2% 0.3%
Total 2,016,981 2,137,667 2,256,902 2,265,051 6% 6% 100.0%

COUNTY PERCENT CHANGE 2000-2010 COUNTY PERCENT CHANGE 2010-2022

The Cincinnati region is comprised

of 16 counties across three different
states. Hamilton County has the most
residents in the region, with 36.4% of +10 to +20%
the population calling it home. Butler
+5% to +10%
and Warren County follow behind, with
17.1% and 11% respectively. Combined, +0 to +5%
Northern Kentucky counties comprise -0 to -5%
about 20% of the region’s population.
-5% to -10%
7 POPULATION & MIGRATION

PRIME WORKING AGE POPULATION

Source: US Census Bureau (2022)
Prime working age population refers to the number of residents in an area between the ages of 25-54 and is an important factor in economic

development. When it comes to prime working age population, the Cincinnati region ranks low among its peers at 38.1% of its population in this age

range, a percentage that has been gradually falling over the years. This could be an issue for long-term growth in the region, and is one reason why it is so

important to attract and retain college graduates and young talent.

City Prime Working Age Population (2022) Total Population (2022) Percent Working Age Population (2022)

San Jose, CA 963,820 1,938,524

Austin, TX 49.7%

Austin, TX 1,127,540 2,421,115

Austin, TX 46.6%

Denver, CO 1,349,388 2,985,871

Denver, CO 45.2%

Raleigh, NC 635,924 1,484,338

Raleigh, NC 42.8%

Dallas, TX 3,350,699 Dallas,7,943,685

TX 42.2%

Nashville, TN 859,785 2,046,828

Nashville, TN 42.0%

Houston, TX 3,052,065 7,340,118

Houston, TX 41.6%

Columbus, OH 898,612 2,161,511

Columbus, OH 41.6%

Charlotte, NC 1,136,777 2,756,069

Charlotte, NC 41.2%

Indianapolis, IN 861,162 2,141,779

Indianapolis, IN 40.2%

Minneapolis, MN 1,485,052 3,693,729

Minneapolis, MN 40.2%

Kansas City, MO 879,023 2,209,494

Kansas City, MO 39.8%

Baltimore, MD 1,119,091 2,835,672

Baltimore, MD 39.5%

Louisville, KY 504,194 1,284,553

Louisville, KY 39.3%

Lexington, KY 201,540 517,916

Lexington, KY 38.9%

Detroit, MI 1,679,168 4,345,761

Detroit, MI 38.6%

Milwaukee, WI 601,320 1,559,792

Milwaukee, WI 38.6%

St. Louis, MO 1,074,108 2,801,319

St. Louis, MO 38.3%

Cincinnati, OH 862,989 2,265,051

Cincinnati, OH 38.1%

Cleveland, OH 770,131 2,063,132

Cleveland, OH 37.3%

Pittsburgh, PA 876,263 2,349,172

Pittsburgh, PA 37.3%

Dayton, OH 300,606 Dayton,812,595

OH 37.0%
 POPULATION & MIGRATION 8

CINCINNATI REGION RACIAL DEMOGRAPHICS

Source: US Census Bureau (2022)
City of Cincinnati Hamilton County, Ohio Cincinnati, OH-KY-IN Metro Area United States
With regard to racial and ethnic diversity, the
White 49.4% 62.7% 76.6% 57.7%

Cincinnati region is less diverse than the United 37.4% 24.6% 11.8% 11.9%
Black or African American

States as a whole. However, the City of Cincinnati Population of two or more races: 5.0% 5.1% 4.3% 4.3%

itself is much more racially diverse than the country Hispanic or Latino (of any race) 4.6% 4.1% 3.9% 19.1%

or the region. While the United States is about 58% Asian 2.6% 2.9% 3.0% 5.8%

non-Hispanic white, the City of Cincinnati is roughly Some Other Race 0.8% 0.5% 0.4% 0.6%

49% non-Hispanic white. Notably, Asian and American Indian and Alaska Native 0.1% 0.1% 0.1% 0.5%

Hispanic groups, including those from India and Native Hawaiian & Other Pacific Islander 0.0% 0.0% 0.0% 0.2%

Mexico, are some of the fastest growing populations

in the Cincinnati region.

TOP RESIDENTIAL ZIP CODES FOR CINCINNATI’S LARGEST IMMIGRANT GROUPS

Source: US Census Bureau via Policy Map (2017-2021)

INDIA | 16,854 FOREIGN-BORN RESIDENTS

MEXICO | 10,274 FOREIGN-BORN RESIDENTS
Location Zip Code Indian-Born Population
Location Zip Code Population
Mason 45040 5,138
Hamilton 45011 1,231
West Chester 45069 1,410
Florence 41042 694
Florence 41042 756
Maineville 45039 503
Loveland 45249 710
Fairfield 45014 502
Clifton 45220 626
Mason 45040 429

CHINA | 9,504 FOREIGN-BORN RESIDENTS GUATEMALA | 5,228 FOREIGN-BORN RESIDENTS

Location Zip Code Population
Location Zip Code Population
Oxford 45056 1,461
Covington/Ft. Wright/Park Hills 41011 761
Mason 45040 1,357
East Price Hill 45205 617
West Chester 45069 1,093
Florence 41042 380
Clifton 45220 604
Avondale/North Avondale/ 45229 340
Montgomery/Blue 45242 353 Paddock Hills
Ash
Carthage 45216 314

PHILLIPPINES | 3,352 FOREIGN- BORN RESIDENTS

Location Zip Code Population The largest foreign-born population in the Cincinnati region is from
Hamilton 45011 329 India, many of whom have settled in the northern suburbs like Mason
West Chester 45069 262 and West Chester. In addition to India, the top five countries of origin
Mason 45040 251
for foreign-born population include Mexico, China, Guaemala, and
Covington 41011 137
Northgate 45251 130
the Philippines. The top five zip codes where these communities are
concentrated are listed here for each country of origin.
 9 POPULATION & MIGRATION

000 CINCINNATI GROSS INBOUND DOMESTIC MIGRATION

Source: Internal Revenue Service (2016-2020)
For domestic migration, this report uses Internal Revenue Service data. While this doesn’t capture the whole population, it is a good indicator of where workers are migrating. By this

measure, the Cincinnati region receives the most migrants within the United States from the Dayton area, followed by Columbus, Chicago, and New York. In 2020, Cincinnati received

5,403 new residents from Dayton, over 3,000 more than from any other location. Between 2016 and 2020, Dayton also sent the most new residents, boasting 25,021, more than doubling

the next highest region of origin. Notably, the Cincinnati region is seeing increased migration from larger cities. For example, in 2016, 811 new residents came from New York City, and in

2020, there were 1,416 New Yorkers that made the move to the Cincinnati region.

Location Inbound Migration

Dayton-Kettering, OH 25,021
Columbus, OH 11,346
Chicago-Naperville-Elgin, IL-IN-WI 6,155
New York-Newark-Jersey City, NY-NJ-PA 5,353
Louisville/Jefferson County, KY-IN 5,281
Indianapolis-Carmel-Anderson, IN 4,882
Atlanta-Sandy Springs-Apharetta, GA 4,063
Lexington-Fayette, KY 3,867
Cleveland-Elyria, OH 3,856
Wilmington, OH 3,602

CINCINNATI REGION INBOUND MIGRATION, 2016 CINCINNATI REGION INBOUND MIGRATION, 2020
Dayton-Kettering, OH Dayton-Kettering, OH
4,213 5,403
Between 2016 and 2020, the Cincinnati Columbus, OH Columbus, OH
2,288 2,158
region saw an increase in migrating
Chicago-Naperville-Elgin, IL-IN-WI New York-Newark-Jersey City, NY-NJ-PA

workers from Dayton, New York City, 1,115 1,416

Louisville/Jefferson County, KY-IN Chicago-Naperville-Elgin, IL-IN-WI
Chicago, Indianapolis, and Lexington, 1,094 1,214
Indianapolis-Carmel-Anderson, IN Louisville/Jefferson County, KY-IN
among other cities.
965 954
Lexington-Fayette, KY Indianapolis-Carmel-Anderson, IN
866 945
New York-Newark-Jersey City, NY-NJ-PA Lexington-Fayette, KY
811 926
Atlanta-Sandy Springs-Apharetta, GA Atlanta-Sandy Springs-Apharetta, GA
729 736
Cleveland-Elyria, OH Cleveland-Elyria, OH
724 725
Wilmington, OH Wilmington, OH
674 718
 POPULATION & MIGRATION 10

ANNUAL NET DOMESTIC MIGRATION

Source: Internal Revenue Service (2020) 9
When comparing the number of immigrants versus emigrants moving SEATTLE | 93

to and from the Cincinnati region, Dayton still ranks highest in net
ALBANY | 93
population gain, with 1,152 new residents from Dayton in 2020. 9
New York | 708
Following Dayton is New York, with 708 total new residents and TOLEDO | 124
2
5 3 6 8
Chicago, with 370. Over the past decade, large cities like New York, 7
CHICAGO | 370
SAN FRANCISCO | 132 1 CLEVELAND | 98
Chicago, San Francisco, and Seattle have worked their way up this list. SOUTH BEND | 120
DAYTON | 1,152
4
LEXINGTON | 320

GROSS INTERNATIONAL MIGRATION

Source: US Census Bureau (2016-2020)
Gross international migration reflects the average annual total number

of immigrants. In the Cincinnati region, most immigrants within

this time frame came from Asia, with an average of 4,278 Asian
6
2 EUROPE | 1,449
immigrants per year. Average annual immigration numbers fell locally NORTH AMERICA | 307

1
and nationally over the 2016 to 2020 time period due to federal ASIA | 4,278
4 7 9
immigration policies and the rise of the COVID-19 pandemic. It is CENTRAL AMERICA | 922
CARIBBEAN | 181 U.S. ISLAND AREAS | 163 8
expected that the data will show an increase in local immigration since
3 OCEANIA & AT SEA | 169
2020.
5 AFRICA | 982
SOUTH AMERICA | 359
11 ECONOMIC INDICATORS

SECTION 2

ECONOMIC PRESENTED BY

INDICATORS
The story of our region’s economy is closely tied to that of its population, with both

CENTER INSIGHTS
falling in the middle of the pack compared to our peer regions – which makes

sense because Gross Domestic Product (GDP) and population are closely correlated.

However, we have a higher GDP than one might expect for a region our size thanks

to our many goods-producing industries and the fact that we outperform in regional

exports, ranking 4th among our 22 peer regions at $23.2 billion per year. Notably, the

Cincinnati region has the highest regional GDP in Ohio or Kentucky.

We have seen steady employment growth over the past five years but increasing

it will require steps to attract more residents in the prime working age population.

This is one of our largest challenges as a region as we rank 19th amongst our peers

with just 38.1% of our population in this age group (25 to 54). In 2022, our region

had 1,169,839 total jobs equaling 0.52 jobs per capita, which ranked 16th and 18th

respectively versus our peers. After a sharp decrease in jobs due to the pandemic

from 2019 to 2020, jobs grew rapidly by 2.69% between 2020 and 2021, followed

by a 2.29% increase from 2021 to 2022 – a drastic increase from the average annual

increase of 1.57% from 2013 to 2019. Our region’s unemployment rate has been

below 4% since September 2021 and has fallen faster than that of the nation. The

combined job growth and low unemployment rate bodes well for our economic

future and position among our peers across indicators.

As we look to the future of our economy, it is critical to the region that we maintain

the vibrancy of employment hubs. As such, the need for intelligent and intentional

transportation and infrastructure investments is stronger than ever, as we seek to

build connectivity between the downtown area and the greater Cincinnati region.
 ECONOMIC INDICATORS 12

REGIONAL REAL GDP

Source: US Bureau of Economic Analysis (2021)
514M
$514M Real Gross Domestic Product (GDP) is measured in 2012
$500M
463.2M
$463.2M dollars to allow for comparison over time. While this
report uses Real GDP for comparison, the Cincinnati
$400M 384.7M
$384.7M region has a current dollar GDP of $172 billion as of 2021.

$300M
250M
$250M 241.6M
$241.6M
214.5M
$214.5M
$200M 185.2M
$185.2M
167.3M
$167.3M 165.6M
$165.6M $156.9M
156.9M
141.6M
$141.6M 141.3M
$141.3M 136.3M
$136.3M 133.2M
$133.2M 130.2M
$130.2M 127.8M
$127.8M 122.3M
$122.3M
92.8M
$92.8M 92M
$92M
$100M
68.7M
$68.7M
41.3M
$41.3M
27.7M
$27.7M

Cincinnati, OH

Columbus, OH
Baltimore, MD

Cleveland, OH
Indianapolis, IN

Milwaukee, WI
Minneapolis, MN

Pittsburgh, PA

Dayton, OH
Denver, CO

Raleigh, NC
Charlotte,NC

Kansas City, MO
Detroit, MI

Lexington
Nashville, PA
Houston, TX

Louisville, KY
St. Louis, MO
San Jose, CA

Austin, TX
Dallas, TX

Among its peers, the Cincinnati region’s Real GDP ranks near the middle of the pack, similar to its total population. This makes sense because GDP and population are

closely correlated. However, the region has a higher GDP than one might expect for its size, thanks to many goods-producing industries. Notably, the Cincinnati region

has the highest regional GDP in Ohio or Kentucky.

CINCINNATI REGION REAL GDP

Source: US Bureau of Economic Analysis
6.02%
6 Real GDP in the Cincinnati region grew steadily, between 0.8% and 4.6% annually until peaking
4.59% at roughly $137 billion in 2019. In 2020, the GDP fell due to to the nationwide pandemic-related
4 3.88%
recession, but the growth rate and GDP quickly recovered, bouncing back at a 6% growth rate to
2.83%
2.45%
2.17% a new peak of $141.6 billion. The 6% growth rate represents the largest increase in the region’s
2

0.87% 0.83% 0.89% Real GDP in at least ten years, mirroring the national trend.

−2
−2.32%
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
13 ECONOMIC INDICATORS

REGIONAL EXPORTS
Source: US International Trade Administration (2021)
Regional exports are a huge strength for the region, due in no small part to the contributions from jet engines and consumer goods. While

the population ranks near the middle of its 22-peer metro list, the region ranks 4th in regional exports at $23.2 billion per year.
150B
140.75B
140.75

100B

50B 43.19B
43.19
35.43B
35.43

23.20
23.20B 22.29
22.29B 21.10
21.10B
15.62B
15.62
12.74B 10.55
12.74 10.55B 10.49
10.49B 10.26B
10.26 9.47
9.47B 9.18B
9.18 8.56B
8.56 8.26
8.26B 8.20B
8.20 7.28
7.28B 6.56B
6.56 4.67B
4.67 3.96
3.96B 3.03B
3.03 1.88B
1.88

Dayton, OH
Cincinnati, OH

Denver, CO
Baltimore, MD

Columbus, OH

Raleigh, NC
Cleveland, OH
Detroit, MI

Charlotte, NC

Milwaukee, WI
Pittsburgh, PA
Indianapolis, IN

Lexington, KY
Minneapolis, MN

Austin, TX
Houston, TX

Dallas, TX

Nashville, TN
Louisville, KY

Kansas City, MO
St. Louis, MO
San Jose, CA

TOP EXPORT REGIONS (In Millions) TOP EXPORT SECTORS (In Millions)
Source: US International Trade Administration (2021) Source: US International Trade Administration (2021)
Canada Transportation Equipment

$4,402.8 $10,618.3

Mexico Chemicals

$2,644.6 $4,360.2

Brazil Machinery

$2,621.2 $1,782.1

United Kingdom Computer & Electric Products

$2,547.5 $1,277.7

China Fabricated Metal Products

$2,027.7 $921.2
 ECONOMIC INDICATORS 14

FIVE-YEAR JOB GROWTH

Source: Lightcast
The Cincinnati region has seen steady employment growth over the past five years. Among its peers, the region ranks near the middle of the pack at 12th of 22 metropolitan areas.

Increasing its employment growth will require steps to attract more prime working age population, which is one of the largest challenges as a region. The region currently ranks 19th

against its peers with just 38.1% of the population in this age group (25 to 54).

Metro Area 2017 Jobs 2022 Jobs Absolute Change Percent Change
Austin, TX 1,094,384 1,307,256 Austin, TX
212,872 19.45%
Raleigh, NC 715,064 807,010 91,946
Raleigh, NC 12.86%
Nashville, TN 1,065,338 1,187,314 Nashville,121,976
TN 11.45%
Dallas, TX 3,844,877 4,272,722 Dallas, TX427,845 11.13%
Charlotte, NC 1,340,064 1,462,192 122,128
Charlotte, NC 9.11%
Denver, CO 1,643,084 1,763,824 120,740
Denver, CO 7.35%
Houston, TX 3,540,616 3,759,278 Houston,218,662
TX 6.18%
Indianapolis, IN 1,144,962 1,206,334 61,372
Indianapolis, IN 5.36%
Columbus, OH 1,164,706 1,212,510 47,804
Columbus, OH 4.10%
San Jose, CA 1,177,065 1,215,967 San Jose, 38,902
CA 3.31%
Kansas City, MO 1,174,167 1,200,034 25,867
Kansas City, MO 2.20%
Cincinnati, OH 1,144,747 1,169,839 Cincinnati,25,092
OH 2.19%
Louisville, KY 723,607 732,372 8,765
Louisville, KY 1.21%
Detroit, MI 2,136,929 2,139,931 Detroit, MI 3,002 0.14%
Minneapolis, MN 2,129,938 2,124,114 -5,824
Minneapolis, MN −0.27%
St. Louis, MO 1,513,460 1,505,745 -7,715
St. Louis, MO −0.51%
Lexington, KY 309,961 308,096 Lexington,-1,865
KY −0.60%
Baltimore, MD 1,505,356 1,487,287 -18,069
Baltimore, MD −1.20%
Dayton, OH 406,645 401,017 -5,628
Dayton, OH −1.38%
Milwaukee, WI 937,672 923,672 -14,000
Milwaukee, WI −1.49%
Cleveland, OH 1,144,257 1,118,593 -25,664
Cleveland, OH −2.24%
Pittsburgh, PA 1,247,779 1,195,983 -51,796
Pittsburgh, PA −4.15%
15 ECONOMIC INDICATORS

TOTAL JOBS PER CAPITA

Source: Lightcast (2022)
San Jose, CA 0.627
Lexington, KY 0.595
Milwaukee, WI 0.592
Denver, CO 0.591
Nashville, TN 0.580
Minneapolis, MN 0.575
Louisville, KY 0.570
Indianapolis, IN 0.563
Columbus, OH 0.561
Raleigh, NC 0.544
Kansas City, MO 0.543
Cleveland, OH 0.542
Austin, TX 0.540
Dallas, TX 0.538
St. Louis, MO 0.536
Charlotte, NC 0.531
Baltimore, MD 0.524
Cincinnati, OH 0.516
Houston, TX 0.512
Pittsburgh, PA 0.509
Dayton, OH 0.494
Detroit, MI 0.487
0.480 0.500 0.520 0.540 0.560 0.580 0.600 0.620 0.640

In 2022, Cincinnati had 1,169,839 total jobs, ranking 16th out of 22 peer regions. At 0.516 jobs per capita, the region ranks 18th. Despite its

low unemployment rate, the lack of prime working age population growth has hindered the region’s ability to grow employment as fast as

some of its peers.

TOTAL JOBS IN THE CINCINNATI REGION

Source: Lightcast Total jobs in the Cincinnati region have been steadily
1,200,000
increasing over the given 10-year period. 2020 saw a
1,180,000
sharp decrease in jobs due to the pandemic, but by
1,160,000

1,140,000
2022 job numbers had almost fully recovered to their
CINCINNATI REGIONAL JOBS
PERCENT CHANGE 1,120,000 2020 peak. Jobs grew rapidly by 2.69% between 2020
% Change 2020-21 1,100,000 and 2021, followed by a 2.29% increase from 2021
2.69% 1,080,000
to 2022 – a drastic increase from the average annual
% Change 2021-22 1,060,000
increase of 1.57% from 2013 to 2019. This bodes well
2.29% 1,040,000
for future job growth and the region’s position among
1,020,000

AVG % change 2013-19 its peers.

1.57%
1,000,000
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022
 ECONOMIC INDICATORS 16

LARGEST EMPLOYMENT AREAS BY ZIP CODE

Source: Lightcast (2022)
Downtown Cincinnati remains a vibrant hub for employment, offering the

largest number of jobs of any zip code in the Cincinnati region. The need
Hamilton
for intelligent and intentional transportation and infrastructure investments 29,759 Employees 9 West Chester
36,866
is stronger than ever, as the region seeks to build connectivity between 5 4
Fairfield 8
the downtown area and the greater Cincinnati region. Besides Downtown 30,260 Employees Mason
37,851 Employees
Cincinnati, employment centers are found in Florence, Montgomery/Blue Ash, Springdale 7
35,462 Employees 6
3
Mason, and West Chester. Evendale/Sharonville Montgomery/Blue Ash
35,810 Employees
42,177
Uptown * 1
Downtown Cincinnati
87,933 Employees
A limitation of utilizing zip code data lies in the difficulty
Hebron 10
of identifying employment hubs that encompass multiple 27,594 Employees |

zip codes. For the most part, that is not a problem in the Florence
2
59,284 Employees
Cincinnati region, with one big exception. The Uptown area of
Cincinnati, surrounding the University of Cincinnati, has many
jobs at the convergence of five zip codes. When combining
these zip codes, it becomes evident that the Uptown area is
the second most significant employment hub in the region,
boasting a total of 61,760 jobs within and in close proximity to
the university and neighboring hospitals.

FASTEST GROWING EMPLOYMENT AREAS BY ZIP CODE

Source: Lightcast (2017-2022)
Rank Zip Code City 2017 Employment 2022 Employment Absolute Change Percent Change
1 41048 Hebron 18,144 27,594 9,450
A 52.1%
2 41042 Florence 52,665 59,284 B
6,619 12.6%
3 45034 Kings Mills 591 3,071 C 419.6%
2,480

4 41018 Erlanger 16,061 18,432 D

2,371 14.8%
5 45040 Mason 35,914 37,851 E
1,937 5.4%
6 41011 Covington 17,747 19,378 F
1,631 9.2%
7 41051 Independence 5,352 6,928 G
1,576 29.4%
8 45242 Cincinnati 40,935 42,177 H
1,242 3.0%
9 45036 Lebanon 21,105 22,180 I
1,075 5.1%
10 45044 Middletown 18,952 19,986 J
1,034 5.5%
17 ECONOMIC INDICATORS

NATIONAL AND LOCAL UNEMPLOYMENT RATE

Source: US Bureau of Labor Statistics (No Seasonal Adjustment)
The pandemic more than tripled the national and local National Cincinnati MSA

unemployment rate almost overnight. However, both

6
the national and local unemployment rates have been
5
dropping ever since. In fact, the Cincinnati region’s

unemployment rate has been below 4% since September 4

3.8

of 2021. Notably, the region’s unemployment rate has fallen 3 3.1

faster than the nation as a whole, creating a very tight local

2
job market.
1

0
Jan Apr Jul Oct Jan Apr Jul Oct Jan Apr Jun
2021 2022 2023
 ECONOMIC INDICATORS 18

FORTUNE 500 COMPANIES Metro Area Fortune 500 Companies Population

Source: Fortune (2023) Houston, TX 25 7,340,118

The Cincinnati region has a total of five Fortune 500 companies on the 2023 Fortune Dallas, TX 24 7,943,685

500 list, ranking 14th out of the 22 peer cities. GE Aerospace has spun off as its San Jose, CA 20 1,938,524

own company and will maintain its headquarters in Evendale, which will increase Minneapolis, MN 14 3,693,729
Denver, CO 10 2,985,871
Cincinnati’s total to six.
Pittsburgh, PA 9 2,349,172
Charlotte, NC 9 2,756,069
Detroit, MI 9 4,345,761
FORTUNE 500 COMPANIES PER 1 MILLION RESIDENTS Cleveland, OH 7 2,063,132
To control for population size, these data show Fortune 500 companies per one
St. Louis, MO 7 2,801,319
million residents. The Cincinnati region has 2.2 Fortune 500 companies per one
Milwaukee, WI 6 1,559,792
million residents, good enough for 13th out of the 22 peer cities. If GE Aerospace is Nashville, TN 5 2,046,828
included, the Cincinnati region would jump up to 10th place, with 2.6 companies per Columbus, OH 5 2,161,511
one million residents. Cincinnati, OH 5 2,265,051
0 2 4 6 8 10 Indianapolis, INC 3 2,141,779
San Jose, CA
Milwaukee, WI
Austin, TX 3 2,421,115
Pittsburgh, PA Louisville, KY 1 1,284,553
Minneapolis, MN
Houston, TX Raleigh, NC 1 1,484,338
Cleveland, OH
Kansas City, MO 1 2,209,494
Denver, CO
Charlotte, NC Baltimore, MD 1 2,835,672
Dallas, TX
St. Louis, MO Dayton, OH 0 812,595
Nashville, TN
Lexington, KY 0 517,916
Columbus, OH
Cincinnati, OH
Detroit, MI
Indianapolis, INC CINCINNATI BASED FORTUNE 500 COMPANIES
Austin, TX
Louisville, KY
Raleigh, NC
Kansas City, MO
Baltimore, MD
Dayton, OH
Lexington, KY
19 ECONOMIC INDICATORS

CINCINNATI REGION’S LARGEST PRIVATE COMPANIES

Source: Cincinnati Business Courier (2022)
Among private companies, Total Quality Logistics, based in Clermont County, is at the head of the pack with almost $8

billion in annual revenue. As the local logistics industry continues to grow, it is expected that logistics companies will

continue to be among the fastest growing in the region. The largest private companies in the region are more spread out

geographically than the Fortune 500 firms. Only one, Messer Construction, can be found in Downtown Cincinnati. 4 10

Rank Company Location Revenue ($B), 2022 7 2

6
1 Total Quality Logistics Union Township $7.84 8
1
2 Reladyne Kenwood $2.40 9
3
3 Bluestar Inc. Hebron $2.35
4 Performance Automotive Network Fairfield $2.00
5 Proampac Springdale $1.92
6 Jeff Wyler Automotive Family Milford $1.85
7 Prolink Norwood $1.46
8 Messer Construction Co. Downtown Cincinnati $1.43
9 Drees Homes Fort Mitchell $1.42
10 Lithko Contracting West Chester $1.24
Geographic Location of the Cincinnati
Region’s Largest Private Companies

CINCINNATI REGION’S FASTEST GROWING PRIVATE COMPANIES

Source: Cincinnati Business Courier (2022)
The Cincinnati region’s list of fastest growing private companies presents an interesting
Rank Company Location 2020 Revenue 2022 Revenue Percent Growth
mix of both locations and industries. Northern Kentucky is well represented here, 2020-2022
1 Hit Seekers Sports Fort Mitchell $122,588 $5.3 million 4,228%
along with many of the neighborhoods east of the central business district. Notably, Cards

Downtown Cincinnati is absent from this list. As for industries, a wide variety of 2 Premier Global Milford $547,093 $14.7 million 2,592%
Transportation
businesses compose this list as there are logistics, staffing, and marketing firms as well as 3 Prolink Norwood $316.2 million $1.7 billion 453%

restaurants, breweries, and a sports collectibles company. 4 Grey Matter Clearcreek Twp. $684,768 $3.5 million 417%
5 Agave & Rye Covington $10.6 million $48.2 million 354%
6 Whitehorse Freight Crestview Hills $32.3 million $140.9 million 311%
7 March First Brands Sycamore Twp. $2.2 million $8.7 million 302%
8 Millbridge Metals Silverton $7.1 million $27.6 million 286%
9 Homestretch Madisonville $1.9 million $2.9 million 282%
10 Synergistic Evendale $1.6 million $6.1 million 274%
 ECONOMIC INDICATORS 20

CINCINNATI REGION’S LARGEST WOMEN-OWNED BUSINESSES

Source: Cincinnati Business Courier (2021)
Pure Romance remains the largest woman-owned business in the region, with annual revenue of $281.6 million. This year, Gateway

Logistics, R&R Resale Inc., Manning Contracting, and James Hunt Construction Co. Inc. have made their way into the top ten women-

owned businesses list.

Rank Name Location Revenue ($M), 2021

1 Pure Romance Downtown Cincinnati $281.6
2 Nationwide Logistics Walnut Hills (Cincinnati) $138
3 Kingsgate Logistics West Chester $109.3
4 Stand Energy Corp. Mt. Adams (Cincinnati) $95.2
5 Proforma Albrecht & Co. Milford $43.1
6 Gateway Logistics Inc. Woodlawn $39.4
7 R&R Resale Inc. West Chester $36.9
8 Manning Contracting Fairfax $31.8
9 Saylers Group Covington $29.5
10 James Hunt Construction Co. Inc. Roselawn $28

CINCINNATI REGION’S LARGEST MINORITY-OWNED BUSINESSES

Source: Cincinnati Business Courier (2022)
The largest minority-owned businesses are well-spread throughout the region. Hightowers Petroleum passed d.e. Foxx and

Associates this year as the largest by revenue, adding $105.6 million more revenue than they reported in 2021. DDX Transport and

HYUR Staffing are new on this year’s list, located in Wilder and Sharonville, respectively.

Rank Name Location Revenue ($M), 2022

1 Hightowers Petroleum Co. Middletown $415
2 d.e. Foxx and Associates Downtown Cincinnati $326.8
3 Triversity Construction Norwood $104
4 Trio Enterprises Roselawn (Cincinnati) $85.5
5 Megen Construction Co.. Forest Park $48.3
6 Benchmark Digital Partners Mason $47.2
7 RCF Group West Chester $43.9
8 Robert Louis Group Walnut Hills (Cincinnati) $32
9 DDX Transport Wilder $24.8
10 HYUR Staffing Sharonville $12.9
21 ECONOMIC INDICATORS

CINCINNATI REGION’S TOP EMPLOYERS

BY EMPLOYEE COUNT
Source: Cincinnati Business Courier (2022)
The top employers include some of Cincinnati’s largest publicly traded companies like Kroger, 8

Procter & Gamble, and Fifth Third Bank. But the largest health care systems make up half the

spots in the top ten, with Cincinnati Children’s Hospital Medical Center – recently named the

best children’s hospital in the United States by US News & World Report – coming in as the
9
region’s second largest employer.

Rank Company Location Total Employees

(2022)
1 Kroger Downtown Cincinnati 20,000
2 Cincinnati Children's Coryville (Cincinnati) 18,502
3 TriHealth Walnut Hills (Cincinnati) 12,096 462 3
4 University of Cincinnati CUF (Cincinnati) 11,141 1 7 10
5 St. Elizabeth Healthcare Edgewood 10,353
6 UC Health Avondale (Cincinnati) 9,816
7 Procter & Gamble Downtown Cincinnati 9,700
8 GE Aerospace Evendale 7,500 5
9 Mercy Health Bond Hill (Cincinnati) 7,500
10 Fifth Third Bank Downtown Cincinnati 7,000

TOP EMPLOYERS OUTSIDE OF HAMILTON COUNTY BY EMPLOYEE COUNT

Source: Cincinnati Business Courier (2022)
WARREN CO.

Rank Company Headquarters Location Total Employees Rank Company Headquarters Location Total Employees

BUTLER CO.
1 Amazon Fulfillment Monroe 3,667 1 Miami University Oxford 3,804
Center CMH3
2 Cleveland Cliffs West Chester 2,421
2 Procter & Gamble Downtown Cincinnati 3,145
3 GE Aerospace Evendale 2,000
3 Luxottica Mason 1,621
4 Lakota Local School Liberty Township 1,884
4 Anthem Blue Cross Mason 1,500 District
and Blue Shield in Ohio
5 Butler County Hamilton 1,700
5 Cintas Mason 1,335
CLERMONT CO.

NORTHERN KY

Rank Company Headquarters Location Total Employees Rank Company Headquarters Location Total Employees
1 Total Quality Logistics Union Township 2,650 1 St. Elizabeth Healthcare Edgewood 9,569
2 Clermont County Batavia 1,300 2 Amazon.com Hebron 6,000
3 American Modern Insur- Amelia 1,207 3 Fidelity Investments Covington 4,800
ance Group
4 Kroger Downtown Cincinnati 4,000
4 Siemens Digital Industries Milford 1,027
5 Boone County School Florence 3,500
Software
District
5 Tata Consultancy Services Milford 1,000
 COMMUNITY & HEALTH INDICATORS 22

SECTION 3 PRESENTED BY

COMMUNITY & HEALTH INDICATORS

The Cincinnati region boasts several advantages among its community and health indicators, including beating the national averages on median household income, cost of living,
CENTER INSIGHTS

per capita personal income, Black unemployment rate, educational attainment/degree completions, and violent and property crime rates. However, when compared to our peers,

our region often ranks near the middle or in the bottom half in these indicators. The primary exceptions to that are violent and property crime rates, where we rank 2nd and 3rd,

respectively, and our 3rd place ranking in the racial unemployment gap among our 22 peers. Low rankings on some of these indicators should not be seen as discouraging, as we’ve

curated a set of peer regions that have made great strides we can aspire to replicate.

The Cincinnati region is home to over 12 colleges and universities, including the major public universities of the University of Cincinnati, Miami University, and Northern Kentucky

University. As a region, we excel against our peers in degree completions, yet our educational attainment numbers lag. This discrepancy highlights a significant need to improve our

college graduate retainment.

While we rank highly against our peers with smaller racial education and racial unemployment gaps (8th and 3rd, respectively), we have the 10th largest racial income gap among our

22 peers as the median Black household makes $38,678 less than the median white household. As a region we should consider what actions we can take to reduce both gaps and

create equitable opportunities for all our residents.

Despite our median household income and cost of living beating national averages, our region faces challenges with poverty, food insecurity, and a lower-than-average life expectancy.

These indicators are strongly correlated, and a health disparity exists in our region as access to affordable housing and healthy food, among other factors, directly impacts health

outcomes. Inclusive, equitable, and pro-growth policies and initiatives should be the focal point for our region’s community and health agenda.
23 COMMUNITY & HEALTH INDICATORS

MEDIAN HOUSEHOLD INCOME PER CAPITA PERSONAL INCOME

Source: US Census Bureau (2021) Source: US Census Bureau
The median household income in the United States is $69,717, placing the Cincinnati
Cincinnati United States
region’s median of $70,818 above the national figure, but 13th of 22 peer metros.
$0 $10,000 $20,000 $30,000 $40,000 $50,000
However, the region also benefits from a lower than average cost of living, helping the
2011
median household income stretch further.
2012
San Jose, CA $139,892

Denver, CO $90,716 2013

Minneapolis, MN $87,433
2014
Austin, TX $86,530

Baltimore, MD $86,302
2015
Raleigh, NC $85,303

Dallas, TX $75,975 2016

Kansas City, MO $73,900

Nashville, TN $72,725 2017

Columbus, OH $71,839
2018
Charlotte, NC $71,041

Houston, TX $70,893
2019
Cincinnati, OH $70,818

Indianapolis, IN $70,224 2020

St. Louis, MO $70,189

Milwaukee, WI $68,449
2021

Detroit, MI $67,153

Pittsburgh, PA $66,609 Real per capita personal income reflects the total income in an area divided

Louisville, KY $64,029 by the number of residents in that area, adjusted for yearly inflation. Per capita
Lexington, KY $62,612
personal income is a great indicator of economic well-being in a given area,
Cleveland, OH $62,315
and the Cincinnati region has consistently ranked above the national average.
Dayton, OH $61,986
 COMMUNITY & HEALTH INDICATORS 24

RACIAL INCOME GAP MEDIAN BLACK HOUSEHOLD INCOME MEDIAN WHITE HOUSEHOLD INCOME
Source: US Census Bureau (2021)
$30,000 $40,000 $50,000 $60,000 $70,000 $80,000 $90,000 $100,000 $110,000 $120,000 $130,000 $140,000
The median Black household makes Lexington, KY $40,427 $67,216

$38,678 less than the median white Dayton, OH $40,081 $67,813

Nashville, TN $51,624 $79,506
household in the Cincinnati region. Indianapolis, IN $47,358 $75,687
Charlotte, NC $51,086 $81,169
The region ranks as the 10th largest Louisville, KY $38,216 $70,090
Columbus, OH $46,229 $79,766
racial income gap among its peer cities.
Pittsburgh, PA $36,184 $70,398
Even the best performing region in this Detroit, MI $41,282 $76,303
St. Louis, MO $41,605 $77,695
metric, Lexington, KY, has an almost Cleveland, OH $36,734 $72,926
Kansas City, MO $44,077 $81,340
$27,000 racial income gap, indicating Cincinnati, OH $37,659 $76,337
Dallas, TX $52,273 $91,265
the widespread and systemic nature
Baltimore, MD $59,615 $102,456
of this issue. Indeed, Lexington’s gap is Minneapolis, MN $49,379 $92,388
Milwaukee, WI $35,533 $79,800
smaller in part because it has a lower Houston, TX $51,044 $95,375
Austin, TX $52,624 $97,206
white median household income than
Denver, CO $55,460 $100,098
any of the other peer metros. Raleigh, NC $51,325 $96,304
San Jose, CA $85,383 $145,161

RACIAL UNEMPLOYMENT GAP MEDIAN WHITE UNEMPLOYMENT MEDIAN BLACK UNEMPLOYMENT

Source: US Census Bureau (2021)
2.0% 3.0% 4.0% 5.0% 6.0% 7.0% 8.0% 9.0% 10.0% 11.0% 12.0% 13.0% 14.0% 15.0% 16.0%
In terms of the racial unemployment
Austin, TX 4.6% 6.6%
gap, Cincinnati has the third smallest Nashville, TN 3.6% 6.3%
Cincinnati, OH 4.5% 8.5%
racial unemployment gap of its 22 peer Columbus, OH 4.3% 8.3%
Baltimore, MD 4.0% 8.2%
cities. The Cincinnati region has a Black
Charlotte, NC 4.0% 8.3%
unemployment rate of 8.5% while the Dallas, TX 4.6% 9.4%
Raleigh, NC 3.6% 8.4%
non-Hispanic white unemployment rate Louisville, KY 4.1% 9.1%
Denver, CO 4.8% 9.8%
is 4.5%, leaving an unemployment gap of
Lexington, KY 4.3% 9.5%
four percentage points. Indianapolis, IN 3.6% 8.9%
Kansas City, MO 3.7% 9.4%
San Jose, CA 5.8% 11.7%
St. Louis, MO 3.8% 9.9%
Minneapolis, MN 4.3% 10.6%
Houston, TX 5.5% 12.6%
Pittsburgh, PA 5.4% 12.6%
Dayton, OH 3.8% 11.4%
Milwaukee, WI 2.7% 11.2%
Cleveland, OH 4.7% 13.6%
Detroit, MI 6.0% 15.4%
25 COMMUNITY & HEALTH INDICATORS

EDUCATIONAL ATTAINMENT | BACHELOR’S DEGREE OR HIGHER

Source: US Census Bureau (2021) 35% 40% 45% 50%
The Cincinnati region is home to over 12 colleges and universities, including San Jose, CA
54.0%
Raleigh, NC
50.7%
the major public universities of the University of Cincinnati, Miami University, Austin, TX
50%
Denver, CO
47.8%
and Northern Kentucky University. Among its peers, the Cincinnati region Minneapolis, MN
44.7%
Baltimore, MD
ranks lower in terms of educational attainment, with only 36.5% of its 42.9%
Nashville, TN
40.2%
Lexington, KY
population who are 25 years or older having received a bachelor’s degree 40.1%
Kansas City, MO
39.5%
Charlotte, NC
or higher. However, as compared to the country as a whole, the Cincinnati 39.3%
Milwaukee, WI
39.2%
region has consistently performed above the national average in educational Columbus, OH
39.0%
Dallas, TX
38.3%
attainment and continues to grow. From 2012 to 2021, the region has seen Pittsburgh, PA
38.1%
Indianapolis, IN
37.8%
23% growth in the percentage of people over 25 with a bachelor’s degree or St. Louis, MO
37.1%
Cincinnati, OH
36.5%
greater. Houston, TX
35.8%
Detroit, MI
34.2%
Cleveland, OH
34.1%
Louisville, KY
32.8%
Dayton, OH
32.0%
GEOGRAPHIC COMPARISON OF BACHELOR’S DEGREE OR HIGHER
32% 54%

LOCAL AND NATIONAL GROWTH: EDUCATIONAL ATTAINMENT |

BACHELOR’S DEGREE OR HIGHER
Cincinnati USA

38.0%

37.0%

36.0%

35.0%

34.0%

33.0%

32.0%

31.0%

30.0%

29.0%

28.0%

27.0%

26.0%

25.0%
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
 COMMUNITY & HEALTH INDICATORS 26

DEGREE COMPLETIONS
BACHELOR’S DEGREE COMPLETIONS | PEER REGIONS
Source: Integrated Postsecondary Education Data System (2021)
MSA Bachelor’s Degree Completions (2021) Bachelor's Degree Comple-
Since 2011, all degree completions have increased by 17%, and about 10% of that growth occurred tions per 1,000 Population
Lexington, KY 6,346 12.3
between 2019 and 2021. While the educational attainment of Cincinnati residents ranks lower among its
Austin, TX 20,663 8.5
Columbus, OH 16,755 7.8
peers, the region ranks 5th for bachelor’s degree completions and 4th for bachelor’s degree completions
Cincinnati, OH 17,121 7.6
per 1,000 population. This discrepancy between educational attainment and degree completions in the Minneapolis, MN 27,256 7.4
Dayton, OH 5,447 6.7
region reflects how important it is to improve college graduate retainment.
Pittsburgh, PA 15,106 6.4

ALL DEGREE COMPLETIONS | CINCINNATI REGION Milwaukee, WI 9,666 6.2

36,000 Baltimore, MD 16,093 5.7
35,000
35,076 San Jose, CA 10,567 5.5

34,000
Nashville, TN 10,787 5.3
Raleigh, NC 7,706 5.2
33,000
Denver, CO 15,356 5.1
32,000
St. Louis, MO 13,743 4.9
31,000
Louisville, KY 5,810 4.5
30,000
Dallas, TX 34,230 4.3
29,000 Indianapolis, IN 8,456 3.9
28,000 Charlotte, NC 10,318 3.7

27,000 Cleveland, OH 7,556 3.7

2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Kansas City, MO 6,695 3.0
Detroit, MI 12,161 2.8
Houston, TX 19,968 2.7

RACIAL EDUCATION GAP

BLACK BACHELOR’S DEGREE ATTAINMENT WHITE BACHELOR’S DEGREE ATTAINMENT

15.0% 20.0% 25.0% 30.0% 35.0% 40.0% 45.0% 50.0% 55.0% 60.0% 65.0%
Source: US Census Bureau (2021) Dayton, OH 22.9% 33.3%
Charlotte, NC 32.2% 42.7%
The Cincinnati region ranks 8th among its peer regions Pittsburgh, PA 23.7% 38.5%
Houston, TX 32.8% 47.7%
for smallest racial educational attainment gap. The Black Louisville, KY 20.3% 35.3%
Indianapolis, IN 25.1% 40.3%
Dallas, TX 31.1% 47.0%
bachelor’s degree attainment rate in the region is 21.4%, Cincinnati, OH 21.4% 38.0%
Detroit, MI 20.0% 36.8%
St. Louis, MO 22.6% 39.5%
while the non-Hispanic white attainment rate is 38%,
San Jose, CA 43.8% 60.8%
Lexington, KY 24.2% 42.5%
leaving a 16.6 percentage point gap. The smallest gap in Columbus, OH 22.6% 41.4%
Baltimore, MD 29.4% 48.4%
Cleveland, OH 18.3% 37.8%
the peer regions is 10.4 percentage points in Dayton, OH Nashville, TN 38.7% 59.5%
Raleigh, NC 35.1% 56.6%
and the highest gap is 29.4 percentage points in Austin, Kansas City, MO 21.6% 43.6%
Minneapolis, MN 25.5% 47.9%
Denver, CO 30.2% 56.3%
TX. Milwaukee, WI 16.9% 45.1%
Austin, TX 30.1% 59.5%
27 COMMUNITY & HEALTH INDICATORS

FOOD INSECURITY RATE

FOOD INSECURITY RATE BY GEOGRAPHY
Source: Feeding America (2022)
Food insecurity refers to a household-level 8% 18%

condition of limited or uncertain access to

adequate food. The Cincinnati region ranks

12th best among its peers for levels of food

insecurity in the core county, with high levels of

inequality within the region. Feeding America

notes that poverty and financial resources drive

food insecurity levels. In the case of Cincinnati,

the core county food insecurity rate correlates

with the lower than average life expectancy and

a 15.6 % Hamilton County poverty rate.

FOOD INSECURITY PEER COMPARISON

Detroit, MI 17.6
St. Louis, MO 15.8
Baltimore, MD 15.5
Cleveland, OH 15
Houston, TX 14.9
Dayton, OH 14.2
Dallas, TX 14.2
Indianapolis, IN 13.4
Columbus, OH 12.6
Austin, TX 12.6
Cincinnati, OH 12.5
Nashville, TN 12.4
Kansas City, MO 12.3
Milwaukee-, WI 11.8
Louisville, KY 11.5
Lexington, KY 11.4
Denver, CO 11.1
Charlotte, NC 10.9
Pittsburgh, PA 10.8
Raleigh, NC 9.5
San Jose, CA 7.5
Minneapolis, MN 7.5
7 8 9 10 11 12 13 14 15 16 17 18
 COMMUNITY & HEALTH INDICATORS 28

CHILDHOOD POVERTY RATE

CINCINNATI CHILDHOOD Source: US Census Bureau (2021)
POVERTY RATE
The childhood poverty rate in the Cincinnati region has dropped by 2.9 percentage points over the past decade,
2012 2021
18.8% 15.9% representing a 15% decrease. However, despite the decline, it is still a huge issue for the region. The Cincinnati region ranks

15th among its peers in childhood poverty rate.

Change Percent Change
-2.9 -15.43% San Jose, CA 7.4%

Minneapolis, MN 9.2%

Denver, CO 10.7%

Raleigh, NC 12%

Kansas City, MO 12.3%

Austin, TX 13.1%

Nashville, TN 13.9%

Pittsburgh, PA 14.3%

St. Louis, MO 14.4%

Indianapolis, IN 14.6%

Dallas, TX 14.8%

Baltimore, MD 14.9%

Charlotte, NC 14.9%

Lexington, KY 15.8%

Cincinnati, OH 15.9%

Louisville, KY 16.7%

Milwaukee, WI 16.8%

Columbus, OH 17.4%

Dayton, OH 19%

Cleveland, OH 19.1%

Detroit, MI 19.5%

Houston, TX 19.9%
29 COMMUNITY & HEALTH INDICATORS

VIOLENT CRIME RATE

Source: Lightcast (2022) 0 0.5 1 1.5 2 2.5 3 3.5 4 4.5 5 5.5 6 6.5 7
Pittsburgh, PA 0.4
Among peer cities, the Cincinnati
Cincinnati, OH 2.03
region ranks favorably when it comes to Raleigh, NC 2.21
Lexington, KY 2.53
crime. At 2.03 violent crimes per 1,000 Austin, TX 3.12
Minneapolis, MN 3.14
people, the region’s violent crime rate is
Columbus, OH 3.15
the second lowest among the 22 peer San Jose, CA 3.15
Dayton, OH 3.24
metros. Dallas, TX 3.71
Cleveland, OH 4.13
Indianapolis, IN 4.55
St. Louis, MO 4.77
Baltimore, MD 4.9
Denver, CO 4.96
Charlotte, NC 4.96
Louisville, KY 5.02
Detroit, MI 5.35
Kansas City, MO 5.64
Nashville, TN 6.06
Houston, TX 6.31
Milwaukee, WI 6.74

PROPERTY CRIME RATE

Source: Lightcast (2022) 0 5 10 15 20 25 30 35
Similar to violent crime, the property Pittsburgh, PA 1.79
Detroit, MI 12.52
crime rate in the Cincinnati region is Cincinnati, OH 13.67
Cleveland, OH 14.32
very low at 13.67 per 1,000 people,
Baltimore, MD 14.75
placing it third lowest among peer Raleigh, NC 14.84
Dayton, OH 17.6
cities. Combined, the violent crime and Milwaukee, WI 19.17
Indianapolis, IN 20.71
property crime rates in the Cincinnati
Columbus, OH 21.18
region are a huge strength. Dallas, TX 21.27
St. Louis, MO 21.65
San Jose, CA 22.19
Nashville, TN 23.22
Minneapolis, MN 23.43
Austin, TX 23.49
Kansas City, MO 23.57
Charlotte, NC 23.59
Louisville, KY 23.86
Lexington, KY 25.85
Houston, TX 26.17
Denver, CO 33.45
 COMMUNITY & HEALTH INDICATORS 30

LIFE EXPECTANCY Metro Area Life Expectancy, 2022

Source: County Health Rankings, University of Wisconsin Population Health Institute (2022) San Jose, CA 84.7
When it comes to life expectancy, the Cincinnati region has room for improvement. This is due to many factors, Raleigh, NC 81.6
Austin, TX 81.4
but chief among them are issues with access to affordable housing and healthy food, as these types of challenges
Minneapolis, MN 80.6
directly impact health outcomes.
Charlotte, NC 80
Hamilton County, OH Regional Average National Average
Houston, TX 79.2
76.4 Denver, CO 78.9
2023 76.2 Dallas, TX 78.3
78.5 Lexington, KY 78.1
Pittsburgh, PA 77.9
76.4

2022 76.2
Columbus, OH 76.6
78.5 Kansas City, MO 76.6
Cleveland, OH 76.5
76.6
Cincinnati, OH 76.4
2021 76.3

79.2
Nashville, TN 76.3
Milwaukee, WI 75.9
76.6
Louisville, KY 75.2
2020 76.2
Indianapolis, IN 75
79.1
Dayton, OH 74.6
76.5
Detroit, MI 74.3
2019 76.1
St. Louis, MO 73.1
79.1
Baltimore, MD 71.8

CINCINNATI REGION LIFE EXPECTANCY BY COUNTY UNION

Source: County Health Rankings, University of Wisconsin Population Health Institute (2022) 76.0

Stark differences exist from county to county. A Warren County resident can expect to live to about 79.2 BUTLER WARREN
FRANKLIN 76.4 79.2
77.4
years. In Gallatin County, a resident could expect to live to just 72.8 years, presenting a gap of 6.4 years.

At the neighborhood level, there is an even wider gap. In some cases that gap is more than 20 years,
HAMILTON
and in at least one case it is about 26 years. 76.4
DEARBORN
77.3 CLERMONT
77.5
BOONE
78.9
CAMPBELL
OHIO 77.3 BROWN
79.2 KENTON 74.2
74.4

GALLATIN BRACKEN
72.8 73.7
PENDLETON
72.3
GRANT
73.6
31 HOUSING

SECTION 4

HOUSING
The Cincinnati region sits at a crossroads between affordability and growth, but the

CENTER INSIGHTS
two don’t have to be mutually exclusive. While our region is affordable compared to

its peers, we currently trail many of them in the number of housing permits we’re

generating. We rank 16th out of 22 peer metros for residential building permits and

17th for residential building permits per 1,000 population. Both measurements tell

a similar story – we are not building as much housing as many of our peer regions.

Housing affordability plays a key role in attracting new residents – a key to unlocking

our regional population growth. According to the Zillow Home Value Index (ZHVI),

the Cincinnati region has seen a rapid increase in home values, albeit at a slightly

slower rate than the rest of the United States. Additionally, while rent in the

Cincinnati region is comparatively affordable, currently ranking 14th among its peer

cities, the region has topped several lists for fastest rent growth over the past couple

of years. These increases remain threats to our overall affordability as a region, which

poses a barrier for prospective homeowners and residents to enter the market.

Pro-housing policies like modernizing zoning and rolling back supply-constraining

housing regulations will be crucial to maintaining our relatively affordable position,

something that benefits existing and future residents.

In our 2021 “Embracing Growth: Principles for Regional Housing” report, we

advocated for a regional goal to dramatically increase the availability, affordability,

and widespread production of housing. In that report we identified eight principles

rooted in data intended to spur robust conversations with policymakers, industry

experts, and stakeholders to collaboratively create a housing environment where all

can thrive. This report is available for download on the Cincinnati Chamber website.
 HOUSING 32

RESIDENTIAL BUILDING PERMITS

Source: US Department of Housing and Urban Development (2022)
In order to improve housing affordability and grow the region’s population, it is imperative that it becomes easier to build housing. While the Cincinnati region is currently a comparatively

affordable region, the number of housing permits lags its peers. Zoning and other regulatory reform could help grow the housing supply, and keep the region affordable.

REGION TOTAL UNITS PERMITTED

TOTAL BUILDING PERMITS
Total Population 800K 3M 8M Dallas, TX 78,325
517,916 7,943,685
Houston, TX 75,924
Austin, TX 43,634
Nashville, TN 28,426
Charlotte, NC 27,157
Minneapolis, MN 23,751
Denver, CO 23,476
Raleigh, NC 21,568
Indianapolis, IN 13,493
Columbus, OH 12,095
Kansas City, MO 11,220
St. Louis, MO 9,128
San Jose, CA 8,207
Detroit, MI 7,945
Baltimore, MD 6,588
Cincinnati, OH 6,160
Pittsburgh, PA 5,665
Louisville, KY 5,511
Cleveland, OH 3,735
Milwaukee, WI 3,195
Lexington, KY 2,709
Dayton, OH 2,265

FIVE-YEAR HOUSING PERMIT CHANGE Between 2020 and 2021, housing permits in the Cincinnati region
Source: US Department of Housing and Urban Development (2017-2022)
81.06% 79.09% increased by 15%. However, from 2021 to 2022, permits dropped

63.42%
57.29% back down to 6,160 – a drop of 26% – and over the past five years,
52.10%
48.62%
50.00%
37.78% 36.02% we’ve seen the number of housing permits issued decrease by
Cincinnati, OH

Milwaukee, WI
Baltimore, MD

30.89%
Louisville, KY
San Jose, CA

25.27% 25.13%
Detroit, MI

18.75% 16.47%
15.74% 13.92%
almost 5%. That said, there is a silver lining. The Cincinnati region
3.26%

has issued over 3,300 permits through the first half of 2023, putting
Dayton, OH

Denver, CO
Columbus, OH
Raleigh, NC

Cleveland, OH
Charlotte, NC
Pittsburgh, PA
Indianapolis, IN

Lexington, KY
Austin, TX

Minneapolis, MN
Houston, TX

Dallas, TX
Nashville, TN

Kansas City, MO
St. Louis, MO

−3.68% −3.89% −4.72% −4.74%

−13.48%
−21.25%
us on pace to potentially top the 2017 year-end total.
33 HOUSING

HOUSING PERMITS PER 1K PEOPLE

Source: US Department of Housing and Urban Development (2022)
The Cincinnati region ranks 16th out of 22 peer metros for residential building permits, and 17th for residential building permits per 1,000 population. Both measurements tell a similar

story – the region is not building as much housing as faster growing peer regions.

20
18

14.5
15 13.9

10.3 9.9 9.9

10
7.9
6.4 6.3
5.6 5.2 5.1
5 4.3 4.2
3.3 2.8 2.7 2.4 2.3 2 1.8 1.8

Cincinnati, OH
Columbus, OH

Baltimore, MD

Cleveland, OH
Indianapolis, IN

Milwaukee, WI
Minneapolis, MN

Pittsburgh, PA
Charlotte, NC

Dayton, OH
Lexington, KY
Raleigh, NC

Denver, CO

Kansas City, MO

Detroit, MI
Dallas, TX
Houston, TX
Nashville, TN

Louisville, KY

St. Louis, MO
San Jose, CA
Austin, TX

HOME VALUES SINCE 2010 United States Cincinnati, OH

Source: Zillow Home Value Index
Home prices are important indicators of affordability
300K
in a region and play a key role in attracting new
250K
residents. While booms in home prices are beneficial

for homeowners, it makes it difficult for prospective 200K

homeowners and prospective residents to enter the

150K
market. According to the Zillow Home Value Index
100K
(ZHVI), the Cincinnati region has seen a rapid increase

in home values, but at a slower rate than the rest of the 50K

United States. Since 2010, home prices in Cincinnati

0
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023
have steadily increased by 95% from about $139,000

in 2010 to just over $270,000 in 2023. For the United

States as a whole, however, homes have increased by

112% in value.
 HOUSING 34

HOME VALUES PAST YEAR Milwaukee, WI 19.63%

Source: Zillow Home Value Index Louisville, KY 4.94%

While housing value growth has been steady over the past twelve years, Cincinnati, OH 4.11%
Kansas City, MO 3.87%
Cincinnati saw a larger than average increase of just over 4% in the twelve Lexington, KY 3.45%
Indianapolis, IN 3.02%
months ending in May 2023. This was the third largest increase among the
Columbus, OH 2.81%

peer metros, and came at a time when many metros saw home values fall. Detroit, MI 1.86%
Cleveland, OH 0.40%
Minneapolis, MN 0.25%
Houston, TX −0.40%
St. Louis, MO −0.64%
Baltimore, MD −1.28%
Charlotte, NC −2.32%
Nashville, TN −3.00%
Dallas-Fort, TX −3.10%
Pittsburgh, PA −4.46%
Raleigh, NC −5.28%
Denver, CO −6.96%
San Jose, CA −10.73%
Austin, TX −16.81%

MEDIAN HOME VALUE PERCENT

INCREASE SINCE 2010

CINCINNATI REGION
95%
UNITED STATES
112%
35 HOUSING

TYPICAL MONTHLY RENT SEVERE HOUSING COST BURDEN

Source: Zillow Rent Index (May 2023) Source: US Census Bureau (2021)
Rent in the Cincinnati region is comparatively affordable, ranking 14th among Severe Housing Cost Burden refers to the percentage of residents who
22 peer cities with a typical rent price of $1,526 a month, as of May 2023. spend 50% or more of their income on housing, reflecting the affordability of
However, over the past couple of years, the Cincinnati region has topped housing and standard of living within the region. The Cincinnati region ranks
several lists for fastest rent growth. Pro-housing policies like modernizing 11th of 22 among its peers.
zoning and rolling back supply-constraining housing regulations will be crucial

to maintaining a relatively affordable position. Dayton, OH 18.1%

San Jose, CA 18.7%
San Jose, CA 3,355 Indianapolis, IN 18.8%
Denver, CO 2,062 Kansas City, MO 19.4%
United States 2,048 Columbus, OH 19.5%
Nashville, TN 1,952 Pittsburgh, PA 20.3%
Austin, TX 1,910 Louisville, KY 21.0%
Charlotte, NC 1,854 Charlotte, NC 21.0%
Dallas, TX 1,832 St. Louis, MO 21.9%
Raleigh, NC 1,805 Cleveland, OH 22.0%
Baltimore, MD 1,800 Cincinnati, OH 22.0%
Houston, TX 1,686 Minneapolis, MN 22.6%
Minneapolis, MN 1,670 Lexington, KY 22.6%
Indianapolis, IN 1,556 Nashville, TN 22.8%
Columbus, OH 1,535 Austin, TX 23.0%
Cincinnati, OH 1,526 Milwaukee, WI 23.2%
Pittsburgh, PA 1,432 Dallas, TX 23.6%
Kansas City, MO 1,425 Raleigh, NC 23.7%
Detroit, MI 1,420 Detroit, MI 24.3%
Cleveland, OH 1,414 Houston, TX 25.1%
St. Louis, MO 1,372 Denver, CO 25.1%
Lexington, KY 1,374 Baltimore, MD 25.9%
Louisville, KY 1,341
Milwaukee, WI 1,302
Dayton, OH 1,264
 INDUSTRY INDICATORS
HOUSING 36

PRESENTED BY BY

SECTION 5
INDUSTRY INDICATORS
The Cincinnati region has seen strong growth in jobs coming out of the pandemic with the accommodation and food services sector experiencing the largest growth from 2020
CENTER INSIGHTS

to 2022. Given our list of distinguished health care providers – including Cincinnati Children’s Hospital Medical Center, which was named the Best Children’s Hospital by U.S. News

& World Report for 2023-2024 – it’s no surprise the health care and social assistance sector is number one in terms of employment, with 154,453 total jobs. Government and

manufacturing round out the top 3. If you drill down to specific subsectors, general medical and surgical hospitals hold the most jobs at 50,540 total jobs, followed by elementary

and secondary schools and full-service restaurants. Additionally, our region’s cultural vibrancy continues to boom as the arts, entertainment, and recreation industry had the highest

growth by percentage since 2020, increasing by 29%.

Looking forward, the transportation and warehousing sector is predicted to increase the most – expected to add another 9,000+ jobs over the next 5 years – as the Cincinnati

region continues to establish itself as one of the country’s largest transportation and logistics hubs. Drilling down to the subsector level, general warehousing and storage is

predicted to have the highest number of jobs increases, with an estimated 3,761 to come in the next 5 years. Notably, scheduled freight air transportation has seen a meteoric

rise in employment locally and is projected to continue being one of the fastest growing sectors. This is illustrated most by the subsector’s rapid growth in location quotient (LQ) –

the measure of a region’s industrial specialization in comparison to the country as a whole – which has increased from 0.52 in 2017 to 25.52 in 2022, making it the second most

concentrated industry in our region behind flavoring syrup and concentrate manufacturing (26.52 LQ).

The Cincinnati region is divided into a number of office submarkets, some of which have recovered from high, pandemic-induced vacancy levels more than others. The highest

vacancy rate in our region is the Mason/Montgomery area at 41.8% with the lowest being West Chester at 11.3%. The Cincinnati Central Business District is at 21.4%, just below the

Cincinnati region’s 24.2% rate. Looking at our peer regions, Cleveland and Columbus stick out as having the lowest and highest office vacancy rates, at 8% and 26.7%, respectively.

Our region currently has the 4th highest office vacancy rate among its peers. There are signs that this number could begin to fall as the Cincinnati region has seen some of the

highest rates of office to residential conversion in the nation.

37 INDUSTRY INDICATORS

JOBS BY SECTOR
Source: Lightcast (2022) The North American Industry Classification System (NAICS) is

In the Cincinnati region, health care and social assistance is number one in terms of the standard used by federal statistical agencies in classifying

employment, with 154,453 total jobs. It is followed by government and manufacturing. If business establishments. NAICS is a 2- through 6-digit hierarchical
classification system, offering five levels of detail. Each digit in the
you drill down to specific subsectors, general medical and surgical hospitals hold the most
code is part of a series of progressively narrower categories, with the
jobs, at 50,540 total jobs, followed by elementary and secondary schools and full-service
first two digits representing the broad economic sector, and the full
restaurants.
six-digit code representing the most detailed industry level.

LARGEST NUMBER OF JOBS PER INDUSTRY (6-DIGIT NAICS)

GENERAL MEDICAL AND ELEMENTARY AND FULL-SERVICE CORPORATE, SUBSIDIARY, LIMITED-SERVICE

SURGICAL HOSPITALS SECONDARY SCHOOLS RESTAURANTS AND REGIONAL MANAGING RESTAURANTS
OFFICES
50,540 44,017 41,093 39,329 36,403

LOCAL GOVERNMENT, COLLEGES, UNIVERSITIES, OFFICES OF PHYSICIANS GENERAL

EXCLUDING EDUCATION AND TEMPORARY HELP AND PROFESSIONAL (EXCEPT MENTAL WAREHOUSING AND
HOSPITALS SERVICES SCHOOLS HEALTH SPECIALISTS) STORAGE
33,962 29,671 22,471 20,763 19,612

LARGEST NUMBER OF JOBS PER INDUSTRY (2-DIGIT NAICS)

HEALTH CARE AND ACCOMODATION AND

SOCIAL ASSISTANCE GOVERNMENT MANUFACTURING RETAIL TRADE FOOD SERVICES
154,453 129,960 118,903 107,100 97,033

ADMINISTRATIVE
SUPPORT & WASTE PROFESSIONAL,
MANAGEMENT & SCIENTIFIC, & TECHNICAL TRANSPORTATION AND FINANCE AND
REMEDIATION SERVICES SERVICES WAREHOUSING CONSTRUCTION INSURANCE
74,325 69,363 65,703 63,230 56,258
 HOUSING 38

JOB GAINS (2-DIGIT NAICS) NAICS Sector 2020-2022 Change

Source: Lightcast (2020-2022) 72 Accommodation and Food Services

12,119
Job numbers in the Cincinnati region have seen strong growth
56 Administrative and Support and Waste 10,192
coming out of the pandemic. From 2020 to 2022, accommodation Management and Remediation Services
and food services had the largest increase in number of jobs at the 48 Transportation and Warehousing
10,167
broad 2-digit NAICS level, with 12,119 jobs added. This comes after a
71 Arts, Entertainment, and Recreation 6,114
substantial drop in 2020.

54 Professional, Scientific, and Technical Services

3,438

PERCENTAGE JOB NAICS Sector 2020-2022 Change

GAINS (2-DIGIT NAICS) 71 Arts, Entertainment, and Recreation

29%
Source: Lightcast (2020-2022)
In percentage terms, the arts, entertainment, and recreation industry 21 Mining, Quarrying, and Oil and Gas Extraction 25%
had the highest growth as the region’s cultural vibrancy continues to
48 Transportation and Warehousing
18%
grow, increasing by 29% since 2020. Agriculture, forestry, fishing, and

hunting, which had a 23% growth rate from 2019-21 continues to 11 Agriculture, Forestry, Fishing and Hunting 17%
grow at a slightly slower rate over the past two years, at 17%
56 Administrative and Support and Waste
16%
Management and Remediation Services

JOB GAINS (6-DIGIT NAICS) NAICS Sector 2020-2022 Change

Source: Lightcast (2020-2022) 561320 Temporary Help Services 7,165

Looking at the 6-digit NAICS level, temporary help services has had
722511 Full-Service Restaurants 5,857
the highest job gain, followed by full-service restaurants and general

warehousing, an industry that thrived even throughout the pandemic. 493110 General Warehousing and Storage 5,539

481112 Scheduled Freight Air Transportation 2,487

722513 Limited-Service Restaurants 1,990

39 INDUSTRY INDICATORS

JOB PROJECTIONS (2-DIGIT NAICS) NAICS Sector 2022-2027 Change

Source: Lightcast (2022-2027)
48 Transportation and Warehousing 9,061
Looking forward, the transportation and warehousing sector is

predicted to increase the most, with an estimated 9,061 additional 62 Health Care and Social Assistance
7,476
jobs to come over the next five years. Furthermore, as the health care
56 Administrative and Support and Waste 6,141
industry in the region continues to grow, a predicted 7,476 jobs will Management and Remediation Services
be added in the coming five years. 72 Accomodation and Food Services
5,760

54 Professional, Scientific, and Technical Services

4,561

JOB PROJECTIONS (6-DIGIT NAICS) NAICS Sector 2022-2027 Change

Source: Lightcast (2022-2027) 493110 General Warehousing and Storage

3,761
Drilling down to the 6-digit NAICS subsector level, general
561320 Temporary Help Services
warehousing and storage is predicted to have the highest number 3,082

of job increases, with an estimated 3,761 increase over the next 722511 Full-Service Restaurants
2,628
five years. Temporary help services follows, with an estimated 3,082
622110 General Medical and Surgical Hospitals
new jobs in the sector. Notably, scheduled freight air transportation 2,278

has seen a meteoric rise in employment locally, and is projected to 481112 Scheduled Freight Air Transportation
1,797
continue to be one of the fastest growing sectors.

JOB POSTINGS BY INDUSTRY Sector Unique Job Postings

Source: Lightcast (April 2022-March 2023) Employment Placement Agencies 18,339

In the Cincinnati region, employment placement agencies have
Offices of Physicians 11,854
the largest number of job postings, which is typical. Following
Temporary Help Services 8,641
employment placement agencies are postings from offices of
Full-Service Restaurants 8,061
physicians, indicating the need for talent in the health care field
Colleges, Universities, and Professional Schools 6,813
within the region.
Limited-Service Restaurants 6,531

General Medical and Surgical Hospitals 6,380

Commercial Banking 5,449

Hotels (except Casino Hotels) 5,152

Home Health Care Services 4,918

 HOUSING 40

INDUSTRY LOCATION QUOTIENTS

Source: Lightcast (2022)
Location Quotients (LQs) refer to the measure of a region’s industrial specialization in comparison to the country as a whole. For example, an LQ of 1.0 indicates that the region is equally

as specialized in an industry as the rest of the country. An LQ below 1.0 indicates a region is less specialized, and above 1.0 indicates a region is more specialized in a given industry

than the rest of the country. In the Cincinnati region, the industry with the highest LQ is flavoring syrup and concentrate manufacturing, with an LQ of 26.52. This sector has grown

tremendously over five years, with its LQ growing from 14.71 to 26.52 from 2017 to 2022. Scheduled freight and air transportation – the second most concentrated industry in the region

– has grown even more quickly over five years, from an LQ of just 0.52 in 2017 to 25.52 in 2022.

Rank NAICS Industry Subsector Location Quotient (2022)

1 311930 Flavoring Syrup and Concentrate Manufacturing 26.52
2 481112 Scheduled Freight Air Transportation 25.52
3 336412 Aircraft Engine and Engine Parts Manufacturing 17.51
4 325611 Soap and Other Detergent Manufacturing 17.20
5 311422 Specialty Canning 16.06
6 903619 All Other Schools and Educational Support Services (Local Government) 10.55
7 325130 Synthetic Dye and Pigment Manufacturing 10.00
8 325910 Printing Ink Manufacturing 9.48
9 713210 Casinos (except Casino Hotels) 8.54
10 312113 Ice Manufacturing 7.44

LARGEST LOCATION QUOTIENT INCREASES

Rank NAICS Industry Subsector 2017 LQ 2022 LQ Change in LQ Percent Change in LQ
1 481112 Scheduled Freight Air Transportation 0.52 25.52 25 4,907.7%
2 311930 Flavoring Syrup and Concentrate Manufacturing 11.81 26.52 14.71 224.6%
3 311422 Specialty Canning 9.74 16.06 6.33 164.9%
4 325611 Soap and Other Detergent Manufacturing 13.69 17.2 3.51 125.6%
5 312113 Ice Manufacturing 4.24 7.44 3.2 175.5%
6 335121 Residential Electric Lighting Fixture Manufacturing 0 3.11 3.11
7 313320 Fabric Coating Mills 0.41 3.1 2.69 756.1%
8 331491 Nonferrous Metal (except Copper and Aluminum) 1.23 3.66 2.43
297.6%
Rolling, Drawing, and Extruding
9 311824 Dry Pasta, Dough, and Flour Mixes Manufacturing 0.59 3.03 2.43
513.6%
from Purchased Flour
10 336310 Motor Vehicle Gasoline Engine and Engine Parts 1.19 3.6 2.41 302.5%
Manufacturing
 Tri-county/Sharonville 30.1
East 29.7
41 INDUSTRY INDICATORS
Blue Ash 26.6

OFFICE VACANCY RATES Suburban - Class A 25.7

Source: Cushman & Wakefield (Q1 2023) Suburban Total 25.5

Office vacancy rates have yet to fully recover from the pandemic. The Cincinnati region is divided into a number
Suburbanof- office
Class Bsubmarkets, some
25.4of which have recovered from vacancy levels more than
Cincinnati Region - Class A 24.4
others. The Mason/Montgomery area, for example has the highest vacancy rate in the region, at 42% vacant. On the other side, the West Chester region has recovered at only 11.3% vacancy.
Cincinnati Region Total 24.2

Mason/Montgomery 41.8 Midtown 23.8

Tri-county/Sharonville 30.1 Cincinnati Region - Class B 23.8

East 29.7 CBD - Class A 22

Blue Ash 26.6 West 22

Suburban - Class A 25.7 Cincinnati Central Business District 21.4

Suburban Total 25.5 CBD - Class B 20.3

Suburban - Class B 25.4 Northern Kentucky 20.3

Cincinnati Region - Class A 24.4 Kenwood 12.9

Cincinnati Region Total 24.2 West Chester 11.3

Midtown 23.8
Cincinnati Region - Class B 23.8
Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023

PEER COMPARISON:22OFFICE
CBD - Class A
Cleveland, OH 6.70% 6.90% 7.00% 7.60% 8.00%
West 22
VACANCY RATES
Cincinnati Central Business District 21.4
San Jose, CA 13.90% 13.80% 14.40% 14.10% 14.20%

Source:CBD
Cushman
- Class B& Wakefield 20.3
Baltimore, MD 13.30% 13.40% 13.90% 14.40% 14.90%

LookingNorthern
at peerKentucky
regions, Cleveland and Columbus stick
20.3 Pittsburgh, PA 13.20% 13.60% 14.10% 13.90% 15.00%

out as having
Kenwoodthe lowest and highest office
12.9 vacancy rates,
Louisville, KY 15.00% 14.70% 14.90% 15.30% 16.90%
West Chester 11.3
respectively. Cincinnati currently has a high vacancy rate, St. Louis, MO 15.00% 15.40% 16.60% 17.30% 17.20%

with 24.2% office vacancy in Q1 2023, a number that has Nashville, TN 17.30% 18.70% 18.50% 18.40% 18.90%

only grown over the last five quarters. However, there are Detroit, MI 9.70% 12.50% 14.20% 18.10% 19.10%

signs that this number could begin to fall, as the Cincinnati Charlotte, NC 18.60% 18.60% 19.00% 17.70% 20.20%

region is currently seeing some of the highest rates of office Indianapolis, IN 19.10% 18.70% 19.40% 19.50% 20.40%

to residential conversion in the nation. Raleigh, NC 14.40% 15.70% 17.50% 18.60% 20.40%

Kansas City, MO 19.70% 20.50% 20.50% 20.40% 21.10%

Dallas, TX 20.90% 20.90% 21.10% 21.00% 21.50%

Milwaukee, WI 20.70% 21.10% 21.70% 21.70% 22.30%

Denver, CO 19.60% 20.50% 21.10% 21.70% 22.60%

Austin, TX 19.70% 19.70% 21.30% 21.80% 23.10%

Cincinnati, OH 22.10% 22.00% 23.50% 23.30% 24.20%

Minneapolis, MN 24.70% 24.90% 24.50% 24.50% 25.10%

Houston, TX 24.70% 24.90% 25.20% 25.50% 26.00%

Columbus, OH 21.60% 21.30% 24.00% 25.30% 26.70%

 INDUSTRY INDICATORS 42

PEER COMPARISON: INDUSTRIAL VACANCY RATES

Source: Cushman & Wakefield
With regards to industrial vacancy, rates vary among the cities from 2.1% in Charlotte to 7.4% in Austin. The Cincinnati region ranks

much more favorably in this category than in office vacancy, tied with Detroit as the second lowest vacancy rate of 2.4% for Q1 2023

among 22 peer cities. The region’s emergence as one of the country’s largest transportation and logistics hub has ensured extremely

low industrial vacancy rates.

Q1 2022 Q2 2022 Q3 2022 Q4 2022 Q1 2023

Charlotte, NC 2.0% 1.9% 2.1% 2.1% 2.1%

Cincinnati, OH 3.0% 1.9% 1.7% 1.7% 2.4%

Detroit, MI 4.3% 2.8% 3.2% 2.7% 2.4%

Milwaukee, WI 2.6% 2.7% 2.1% 2.3% 2.5%

San Jose, CA 3.1% 3.3% 3.2% 3.2% 2.8%

Cleveland, OH 3.4% 3.1% 3.0% 3.0% 2.9%

Minneapolis, MN 3.5% 3.2% 3.0% 3.0% 3.0%

Louisville, KY 1.6% 1.4% 2.2% 3.9% 3.0%

St. Louis, MO 2.7% 2.0% 2.3% 3.0% 3.1%

Baltimore, MD 3.0% 2.9% 3.1% 3.1% 3.4%

Nashville, TN 2.9% 3.0% 2.8% 3.0% 3.5%

Kansas City, MO 4.5% 4.6% 4.4% 4.6% 4.4%

Pittsburgh, PA 6.1% 4.9% 5.0% 4.9% 4.7%

Columbus, OH 1.5% 1.8% 3.6% 3.7% 4.9%

Raleigh, NC 5.0% 3.4% 4.2% 4.6% 5.3%

Dallas, TX 5.1% 4.6% 4.7% 5.0% 6.0%

Houston, TX 6.8% 5.7% 5.8% 5.7% 6.0%

Indianapolis, IN 3.6% 3.2% 3.9% 5.2% 6.5%

Denver, CO 5.7% 5.9% 6.6% 6.6% 6.6%

Austin, TX 3.3% 3.9% 2.6% 4.9% 7.4%

43 INDUSTRY INDICATORS

HOTEL REVENUE PER AVAILABLE ROOM

Source: Visit Cincy *2023 data is through June
Hotel Revenue per Available Room (RevPAR) has seen a dramatic increase from 2021 to 2022 among Cincinnati and its peer regions. The

Cincinnati region experienced an increase of $13.89 per available room, jumping from $56.70 to $70.59 per available room. Some cities had

even sharper increases, with Nashville having a $35.15 increase in revenue per available room. So far, 2023 data, which was available through

June, shows a continued increase in RevPAR.

2020 2021 2022 *2023

*2023 2022 2021 2020

Detroit, MI $67.94 $66.12 $53.01 $13.11
Kansas City, MO $68.58 $67.21 $51.35 $15.86
Minneapolis, MN $68.86 $68.42 $44.74 $23.68
Milwaukee, WI $69.35 $68.98 $53.02 $15.96
St. Louis, MO $71.87 $69.08 $52.44 $16.64
Cleveland, OH $72.86 $70.23 $53.79 $16.44
Cincinnati, OH $74.20 $70.59 $56.70 $13.89
Pittsburgh, PA $75.81 $74.67 $56.02 $18.65
Charlotte, NC $81.77 $76.70 $53.39 $23.31
Nashville, TN $126.00 $115.91 $80.76 $35.15

HOTEL OCCUPANCY
Source: Visit Cincy *2023 data is through June
Since 2021, hotel occupancy rates have consistently increased among peer cities and within the Cincinnati region, where the occupancy

rate jumped from 55.2% in 2021 to 59.9% in 2022, an increase of 4.7 percentage points. Through June of 2023, Cincinnati’s occupancy rate

is even higher, at 60.3%.

2020 2021 2022 *2023

*2023 2022 2021 2020

Minneapolis, MN 54.6% 55.5% 44.5% 11.0%
Cleveland, OH 55.4% 58.4% 51.7% 6.7%
Detroit, MI 55.6% 58.5% 54.8% 3.7%
Milwaukee, WI 57.2% 56.8% 48.9% 7.9%
Kansas City, MO 57.6% 59.0% 52.0% 7.0%
St. Louis, MO 58.6% 58.3% 51.7% 6.6%
Cincinnati, OH 60.3% 59.9% 55.2% 4.7%
Pittsburgh, PA 61.5% 56.3% 49.7% 6.6%
Charlotte, NC 65.8% 64.3% 55.2% 9.1%
Nashville, TN 69.9% 68.6% 59.2% 9.4%
 INDUSTRY INDICATORS 44

AIRPORT TRAVEL
Source: CVG
At the beginning of 2021, the effects of COVID were still heavily affecting air travel and can be seen through monthly enplaned passenger counts at CVG. However, the monthly enplaned

passenger count has been trending upward throughout 2022 and 2023. CVG boasts an annual passenger count of over 9.1 million people. CVG is now the 7th largest cargo airport in

North America and 14th largest cargo airport in the world. With an operating budget of $135 million, CVG has an annual economic impact of $6.8 billion.

CVG BY THE NUMBERS

50+ 7th 14th 16k+ $135M $6.8B 9.1M+

NON-STOP FLIGHTS LARGEST CARGO AIRPORT IN LARGEST CARGO AIRPORT IN BADGED EMPLOYEES OPERATING BUDGET ANNUAL ECONOMIC IMPACT ANNUAL PASSENGERS (2019)
NORTH AMERICA THE WORLD

ENPLANED PASSENGERS
369.8K
353.7K 356.1K 371.3K 357.9K
349.2K
335.9K 336.5K 332.6K
321.4K 321.1K 324.4K
315.2K 317.8K
291.8K 291.2K 293.7K 304.1K
300K 279.1K 273.1K
277.1K 273.6K

219.3K 232.9K
214.7K 212.9K
200K

136.4K
126.1K

100K

Jan Apr Jul Oct Jan Apr Jul Oct Jan Apr
2021 2022 2023
45 INDUSTRY INDICATORS

METRO weekend service has increased

METRO RIDERSHIP
dramatically with 22% more bus trips Source: Southwest Ohio Regional Transit Authority
on Saturdays and 78% more bus trips Metro’s ridership fell at the beginning of the pandemic but has steadily been recovering to pre-pandemic levels, thanks in great part to

on Sundays compared to 2019 the new services adopted by Metro. Since 2019, weekend service has dramatically increased with 22% more bus trips on Saturdays and

78% more bus trips on Sundays. Additionally, university affiliated ridership has nearly tripled since the beginning of 2023, and three bus
3 bus routes carry more than 100k routes carry more than 100,000 riders per month. Four new crosstown routes have also been implemented since 2021, increasing options
riders per month:
for travel based outside of the downtown area.

1,130,521

17 Clifton/Hamilton 1M

800K

Glenway/Warsaw
33 600K

400K

43 Reading
200K

0
Jan Apr Jul Oct Jan Apr Jul Oct Jan Apr Jul Oct Jan Apr Aug
2020 2021 2022 2023

TANK RIDERSHIP
Source: Transit Authority of Northern Kentucky
Growth in TANK ridership has accelerated in the latter part of 2022, and current numbers are approximately 80% of pre-Pandemic levels.

The Southbank Shuttle was reintroduced in August 2022 after a two-year hiatus, and more positive changes are on the horizon with a new

direct connection between CVG and Florence.

200K
195,364

150K

100K

50K

0
Jan Apr Jul Oct Jan Apr Jul Oct Jan Apr Jul Oct Jan Apr Aug
2020 2021 2022 2023
 INDUSTRY INDICATORS 46

STREETCAR RIDERSHIP
Source: City of Cincinnati
Streetcar ridership has been booming in 2023, with May 2023 having record ridership levels above 100,000 for the month. While 2020 experienced low ridership levels due to the

pandemic, ridership has increased now to well above pre-pandemic levels with 2023 shaping up to be a record breaking year.

100K 2023

80K

2022

60K
2021

40K
2019

2020
20K

0
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

TOTAL RIDERSHIP
2019 2020 2021 2022 2023 (through August)

Total 530,630 166,729 555,884 848,127 693,969

47 INDUSTRY SPOTLIGHT: MANUFACTURING

SECTION
PRESENTED BY
6

INDUSTRY
SPOTLIGHT:
MANUFACTURING
Manufacturing has long been a bedrock industry in the Cincinnati region, as evidenced by

CENTER INSIGHTS
a strong regional exports record rooted in jet engines and consumer goods. Additionally,

according to REDI Cincinnati, manufacturing growth in the Cincinnati region has more

than doubled the national average during the last five years. This growth is evident in the

jobs data, as the region currently have about 32% more manufacturing jobs than the

average region our size, with over 120,000 jobs and expected growth to nearly 125,000

by 2030. The passage of legislation like the CHIPS Act and other federal investments in

manufacturing may further increase the projection for 2030.

About 51% of all jobs in the manufacturing sector in the region are in production (85,859

jobs), with machine operators and maintenance technicians being the most in-demand

jobs. Project management and warehousing lead the list of most sought-after skills in

the sector. Among specific manufacturing subsectors, aircraft engine and engine parts

manufacturing employ the most people in the Cincinnati region, followed by commercial

printing and soap and other detergent manufacturing. Even though it is not among the

top five for employment, flavoring syrup and concentrate manufacturing has the highest

location quotient of any sector locally at 26.52.

The largest manufacturing talent seeker in the region is General Electric/GE Aerospace,

followed by L3Harris, Procter & Gamble, and Cintas. From July 2022 to June 2023, Hamilton

County posted the most manufacturing jobs in the region, followed by Butler County.
 INDUSTRY SPOTLIGHT: MANUFACTURING 48

CINCINNATI REGION MANUFACTURING JOBS

Source: Lightcast (2010-2030) 130K
The Cincinnati region performs strongly when it comes to

manufacturing jobs in the region, with a total of 116,270

jobs in 2020 and a predicted 124,846 jobs in 2030. The 125K 124,846

region currently has about 32% more manufacturing jobs

than the average region its size. The passage of legislation 120K
like the CHIPS Act and other federal investments in

manufacturing may further increase the projection for

115K
2030.

110K

105K

100K
2010 2012 2014 2016 2018 2020 2022 2024 2026 2028 2030

MANUFACTURING REGIONAL OVERVIEW

Source: Lightcast (2022)

REGIONAL REGIONAL JOB

REGIONAL JOBS AVERAGE SALARY POSTINGS
120,115 $102,021 2,465
Expected Jobs, Salary, and Job
Postings refer to the national average
for a region Cincinnati’s size.

EXPECTED EXPECTED
EXPECTED REGIONAL REGIONAL JOB
REGIONAL JOBS AVERAGE SALARY POSTINGS
91,240 $96,883 1,682
49 INDUSTRY SPOTLIGHT: MANUFACTURING

MANUFACTURING JOBS PEER COMPARSION

Source: Lightcast (2022)
REGION MANUFACTURING JOBS
The Cincinnati region ranks highly in manufacturing jobs for a region of its size,
Detroit, MI 250,857
with over 120,000 jobs. This is higher than approximately 91,000 manufacturing Houston, TX 229,710
jobs expected for a typical region of 2.3 million residents. Minneapolis, MN 205,987
Dallas, TX 200,838
San Jose, CA 180,402
31,576 250,857
Cleveland, OH 120,156
Cincinnati, OH 120,115
St. Louis, MO 117,454
Milwaukee, WI 115,403
Charlotte, NC 113,807
Indianapolis, IN 95,965
Nashville, TN 87,295
Kansas City, MO 86,444
Pittsburgh, PA 84,876
Louisville, KY 80,705
Columbus, OH 75,561
Denver, CO 74,061
Austin, TX 72,008
Baltimore, MD 61,703
Dayton, OH 42,291
Raleigh, NC 34,602
Lexington, KY 31,576

MANUFACTURING WORKFORCE BY OCCUPATION

Source: Lightcast (2022)
Most manufacturing jobs in Cincinnati are involved in Management Installation,
Occupations Maintenance, and
production, with about 51% of all jobs in the sector 6% Repair Occupations
5%
Architecture and
being in production. Production occupations include Engineering
Occupations
workers who help construct products by assembling 7%

Administrative
materials and operating machinery. Support Occupations
7%
Production
Occupations
51%
Transportation and
Material Moving
Occupations
9%

Other | 14%
 INDUSTRY SPOTLIGHT: MANUFACTURING 50

TOP MANUFACTURING SUBSECTORS BY TOTAL JOBS Aircraft Engine and Engine Parts Manufacturing

Source: Lightcast (2022) 9,867

Among specific manufacturing subsectors, aircraft engine and engine parts manufacturing has the
Commercial Printing (except Screen and Books)
largest employment in the Cincinnati region. This is followed by commercial printing and soap and 3,611
other detergent manufacturing. Even though it is not among the top five for employment, flavoring
Soap and Other Detergent Manufacturing
syrup and concentrate manufacturing, which has 1,554 jobs in the region, has the highest location
3,424
quotient of any sector locally.
Machine Shops

2,771

Pharmaceutical Preparation Manufacturing

2,696

FASTEST GROWING MANUFACTURING SUBSECTORS BY TOTAL JOBS

Source: Lightcast (2017-2022)
Poultry processing was the fastest growing manufacturing subsector between 2017 and 2022, adding 1,257 jobs within the region. Both pharmaceutical preparation manufacturing and

soap and other detergent manufacturing were among the top five subsectors for employment and employment growth.

NAICS Description 2017 Jobs 2022 Jobs Absolute Change Percentage Change
311615 Poultry Processing 145 1,402 1,257 867%
336310 Motor Vehicle Gasoline Engine and Engine 552 16,96 1,144
207%
Parts Manufacturing
325412 Pharmaceutical Preparation Manufacturing 1,775 2,696 921 52%

325611 Soap and Other Detergent Manufacturing 2,530 3,424 894 35%
331110 Iron and Steel Mills and Ferroalloy 1,442 2,330 888 62%
Manufacturing
51 INDUSTRY SPOTLIGHT: MANUFACTURING

MANUFACTURING WORKERS BY RACE MANUFACTURING WORKERS BY GENDER

Source: Lightcast (2022) Source: Lightcast (2022)
About 80% of the manufacturing workforce identifies as non-Hispanic white, The manufacturing workforce is dominated by males, with about 73% of the

followed by 10% Black and 5% Hispanic. This is is very close to the regional workforce workforce identifying as male and 27% as female. Comparatively, the region’s total

overall, which is about 79% non-Hispanic white. workforce is about 51% male.

Asian | 3.3% Other | 1.3%

Hispanic | 5.2%

Female | 26.9%
Black | 10.2%

Male | 73.1%

White | 80.1%
 INDUSTRY SPOTLIGHT: MANUFACTURING 52

MOST REGIONAL EMPLOYER JOB POSTINGS

Source: Lightcast (July 2022-June 2023) General Electric
The largest manufacturing talent seeker in the region is
1,966
General Electric, which had nearly 2,000 unique postings for
L3Harris Technologies
the year ending in June 2023. L3Harris follows with over 1,100
1,109
job postings in manufacturing for the region. Next is Procter
Procter & Gamble
& Gamble, Cintas, and GE Aerospace. Combined, postings for
781
“General Electric” and “GE Aerospace” account for a total of 2,635

job postings. Cintas

758

GE Aerospace

669

MOST REGIONAL JOB POSTINGS BY OCCUPATION

Source: Lightcast (July 2022-June 2023) Machine Operators
The most highly demanded jobs in manufacturing in the
393
region are machine operators and maintenance technicians.
Maintenance Technicians
From July 2022 to June 2023, there were nearly 400 job
393
postings for each job.

Forklift Operators

234

Material Handlers

215

Merchandisers

189
53 INDUSTRY SPOTLIGHT: MANUFACTURING

UNION
25

BUTLER WARREN
FRANKLIN 5,027 3,196
58

MANUFACTURING JOB POSTINGS BY COUNTY HAMILTON

13,682
Source: Lightcast (July 2022-June 2023) DEARBORN
288 CLERMONT
The majority of manufacturing job postings from July 2022 to June 2023 were posted from Hamilton 1,598
BOONE
County, with 13,682 postings. Butler County follows with 5,027 job postings in this time frame.
2,709
CAMPBELL
OHIO 597 BROWN
3 KENTON 64
1,348

GALLATIN BRACKEN
9 PENDLETON 35
103
GRANT
112

MANUFACTURING JOB POSTINGS BY SKILL

Source: Lightcast (July 2022-June 2023)
When it comes to skills in demand for manufacturing in the Cincinnati region, project management is the most sought-after skill. From July 2022 to June 2023, over 3,700 job postings

indicated a desire for project management skills. Warehousing followed project management, indicated on over 2,600 job postings.

3,769

3,000
2,635
2,426
2,082 2,013 1,991
2,000 1,975 1,921
1,716 1,678

1,000

Project Warehousing Auditing Marketing Supply Chain Forklift Truck Process Export New Product Finance
Management Improvement Control Development
 INDUSTRY SPOTLIGHT: MANUFACTURING 54

WHERE PRODUCTION JOBS ARE LOCATED

Source: Lightcast (2022)
In the manufacturing sector, production occupations make up

just about half of the workforce. In total, the Cincinnati region has

85,859 people working in production occupations, compared to

64,499 for the average region its size. Many of these occupations

are located in the southwest and northern portions of the region.

ZIP LOCATION 2022 EMPLOYMENT

41042 Florence 7,284
45246 Springdale/Glendale 4,294
45011 Hamilton/Liberty Twp 4,052
45241 Sharonville/Evendale 3,477
45215 Reading/Wyoming 3,141

WHERE PRODUCTION TALENT LIVES

Source: Lightcast (2022)
Production jobs and production talent are well matched

geographically within the region. Zip code 45011 in Butler

County and zip code 41042 in Boone County are both among

the top five zip codes for production jobs and talent.

ZIP LOCATION 2022 WORKERS

45011 Hamilton/Liberty Twp 2,948
41042 Florence 2,692
45044 Middletown/Liberty Twp 2,347
45014 Fairfield 2,132
45013 Hamilton/Ross Twp 2,047
55 LOOKING FORWARD

LOOKING FORWARD
At the Cincinnati USA Regional Chamber’s Center for Research & Data (CRD), we are committed to delivering data-driven analysis regarding our region’s most vital

indicators and outcomes. Our mission is to help regional leaders, community partners, and policymakers make informed decisions around priorities like talent attraction,

inclusive economic growth, and community-wide goals. The annual State of the Region report is a huge part of that mission, and we are pleased to bring it to you every

year.

But the work doesn’t stop with the State of the Region report. While the annual report serves as a holistic overview of our region, with valuable insights from our CRD team,

we are working all year to keep our stakeholders informed through our Regional Indicators Dashboard.

The Regional Indicators Dashboard includes 35 of our most important regional indicators and shows how the Cincinnati region compares to our 22-peer city group. The

datasets are updated on a rolling basis as they are released each year, so you know you are always getting the latest available information. As we move forward, the CRD will

continue to expand the Regional Indicators Dashboard based on the feedback we receive from you. You can view it by visiting data.cincinnatichamber.com. We hope that

you find it an invaluable resource for the latest data on the Cincinnati region.

BRANDON RUDD
DIRECTOR, CENTER FOR RESEARCH & DATA
CINCINNATI REGIONAL CHAMBER
 LOOKING FORWARD 56

REGIONAL INDICATORS DASHBOARD

POPULATION INDICATORS ECONOMIC INDICATORS COMMUNITY & HEALTH INDICATORS

Total Population Gross Domestic Product Medium Household Income Educational Attainment

Population Growth Fortune 500 Companies Cost of Living Index Degree Completions

Working Age Population Total Job Growth Child Poverty Rate Life Expectancy

Job Growth Violent Crime Rate Food Insecurity

Labor Force Participation Rate Property Crime Rate

Regional Exports

HOUSING INDICATORS INDUSTRY INDICATORS DEI INDICATORS

Building Permits Tech Jobs Workforce Diversity

Net Migration Tech Job Growth C-Suite Diversity

Median Home Value Manufacturing Jobs Racial Income Gap

Housing Permit Change Manufacturing Job Growth Racial Unemployment Gap

Median Gross Rent Black/White Educational Attainment

Housing Cost Burden

 CENTER FOR
RESEARCH & DATA
CINCINNATI USA REGIONAL CHAMBER

ACKNOWLEDGEMENTS
LEAD PRODUCER, RESEARCHER & COPY: BRANDON RUDD

PRODUCER, DESIGNER & COPY: BRAD MASON

PRODUCER, COPY & EDITING: MITCH WILCOX

RESEARCHER & COPY: SABINA HORDINSKI

SPECIAL THANKS TO:

BRENDON CULL
PETE METZ

ABOUT THE CINCINNATI USA REGIONAL CHAMBER:

The Cincinnati USA Regional Chamber’s mission is to grow the vibrancy and economic prosperity of the Cincinnati region. The Chamber team is
working on behalf of member businesses to ignite business resiliency and inclusive growth, to invest in the people who call this region home, to lead
regional connectivity through collaboration, and to champion the region’s unique advantages. The Chamber is powered by inclusion, regional think-
ing, data, policy, and relationships. The Cincinnati Chamber’s vision is that the region embodies the Future City, where business growth delivers the
economic platform that accelerates opportunity for everyone who calls this region home. For more information, visit cincinnatichamber.com

ABOUT THE CENTER FOR RESEARCH AND DATA

The Cincinnati Chamber’s Center for Research & Data is an initiative to deliver data-driven analysis regarding vital regional indicators and outcomes.
The Center helps regional leaders, community partners, and policymakers make informed decisions around priorities like talent attraction, inclusive
economic growth, and community-wide goals. We provide actionable insights to support the mission and vision of the Chamber.
9/2023-2000-SPDT
 PRODUCED BY:

CENTER FOR
RESEARCH & DATA
CINCINNATI USA REGIONAL CHAMBER

PRESENTED BY: SUPPORTING SPONSORS: