Foreign Direct Investment (FDI)
REDI makes your transition to the U.S. easier.
Saica Group, one of the largest and most advanced European companies in recycled paper for corrugated packaging, is establishing its first North American facility in Hamilton, Ohio. Headquartered in Spain, and with more than 10,000 employees across Europe, Saica Group is a European leader in the manufacture of high-quality, efficient, and environmentally responsible packaging materials. Hamilton Enterprise Park stood out as a prime location thanks to it being shovel-ready and readily accessible to the rest of the Midwest. The project fits into Saica’s overall strategy of sustainable growth as it enters new markets. The company began building a state-of-the-art factory in September 2020 and expects to invest nearly 72 million dollars once the construction of the corrugated plant is complete. Saica’s investment will result in a 350,000-square-foot facility that will house 64 new employees.
Ocado, a UK based company and one of the world’s largest dedicated online grocery retailers, announced the Cincinnati region as its selection for America’s high-tech customer fulfillment center in partnership with The Kroger Co. This $55 million capital investment brought 410 new jobs to Southwest Ohio.
“Kroger is joining with the best partners in the world to co-innovate and leverage technology to redefine the customer experience.” Rodney McMullen, Kroger’s chairman, and CEO
“We have a tremendous opportunity to gain from and give to this region. We believe workers in the Cincinnati region will benefit from using our technology, some of the best in the world and in line with principles of the Industry 4.0.”
“Since the beginning, we have been looking at different locations in the Midwest. The assistance offered from the State of Ohio combined with the appealing proposal from the City of Hamilton motivated our decision. JobsOhio, REDI Cincinnati, and the City of Hamilton have been key supporting players during this process. We are very excited about this new project and we look forward to the next steps”.
“It’s about changing the culture from a comfortable, slow environment to one where challenging the status quo is an unconscious element of what we do on a daily basis. This collaboration with UC and having 1819’s incredibly passionate and energetic resources at our fingertips will create a valuable mechanism that we can leverage to drive strategic and sustainable growth for the future.”
With a workforce of 1.3 million spread across three-states, the Cincinnati region offers the well-trained talent you need—in every field including consumer products branding, technology, logistics, engineering, advanced manufacturing, and more. Want to develop a specific skill set?COLLEGE AND UNIVERSITY PARTNERSHIPS
Taxes and Incentives
The Cincinnati region is made up of three distinct states, each with its own tax structure, financing, and incentive opportunities. REDI Cincinnati helps companies navigate which tools and incentives make the most sense for their unique needs.
Learn how the REDI team can uniquely support your growth with incentives in Southwest Ohio, Northern Kentucky, or Southeast Indiana.EXPLORE TAXES & INCENTIVES
Finding the right site is a priority for your expansion plan. REDI Cincinnati helps companies navigate and identify the right industrial or office site location. In the Cincinnati region, you’ll find a wide range of location opportunities that include:
- Large manufacturing sites, both inside and outside of the region’s urban core
- New buildings along a redeveloped riverfront
- Picturesque historic buildings that can be transformed into one-of-a-kind spaces
- Spacious, green filled office parks in suburban and rural communities
Foreign Trade Zones
The Cincinnati region’s two foreign trade zones, 46 and 47, create a business-operations-focused federal program designed to help regional businesses compete in the global marketplace through the elimination, deferral, or reduction of customs duties on imported and exported/re-exported merchandise.