Construction Projects to Create 170 New Jobs
- Aug 13, 2012
At the beginning of the year, Rough Brothers Inc., a greenhouse design and manufacturing firm, started looking for new space to relocate its headquarters from Vine Street, in St. Bernard, and expand its operations. The search is now over. The company recently agreed to purchase 20.5 acres of vacant land from the city of Cincinnati.
Rough Brothers paid $1.3 million for the site, located at the southwest corner of Paddock Road and Regina Graeter Way, in the Bond Hill neighborhood. The project will have a total cost of $13.3 million, with an estimated construction cost of $4 million. Rough Brothers’ new headquarters will include 150,000 square feet of office and manufacturing space and will be built to LEED standards.
The city of Cincinnati stated that the project will create 120 new jobs within its environs over the next three years and bring $1.2 million in new net tax revenue. Rough Brothers has also committed to stay in Cincinnati for 10 years.
“The Rough Brothers relocation is a perfect example of Cincinnati’s GO Cincinnati initiative being put to work,” said Cincinnati Economic Development Director Odis Jones. “The site the company chose is located in an area that we have been working to grow for advanced manufacturing and research-oriented businesses. Rough Brothers is this type of business and will complement well with this already strong job-generating area of the city.”
Another company, Meyer Tool Inc., a manufacturer of turbine engine components, also plans to invest $2 million to construct a new manufacturing facility as well as expanding at its current location at 3055 Colerain Ave., in Camp Washington. The new 30,000-square-foot facility will be located at 3154 Spring Grove Ave. The project will create 50 new jobs and will also allow Meyer Tool to retain 586 current employees within Cincinnati.
“This project represents new investment in the Camp Washington community. The property tax incentive will help the company create new jobs,” said Jones. “The city’s incentive programs lower the cost of doing business in Cincinnati for Meyer Tool Inc. and allow the city to retain a major employer in the business community.”
Charts courtesy of CBRE.