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Cincinnati, Ohio: The Big Red Machine

Cincinnati, Ohio: The Big Red Machine

If the world comes to an end, I want to be in Cincinnati. Everything comes there 10 years later.—Mark Twain

The first major American city founded after the American Revolution, Cincinnati is not in the least behind the times, despite Mark Twain’s assertion. The city is the third largest in Ohio, and although its neighborhoods have kept much of their Midwest historical charm, central Cincinnati is progressing with many new developments and a lot of available office space.

In 2014 it was named one of the best cities for small businesses by the National League of Cities, and Cincinnati’s local government has created systems and programs to support small business growth. With a strong Small Business Advisory Committee to guide and advise Cincinnati’s mayor and city council on the needs of small businesses, the city continues to flourish and attract entrepreneurs to the ‘Nati.

Cincinnati is also one of the most tax-friendly large cities for businesses in the U.S., according to a new study from KPMG International. That means the city is one of those offering the most favorable tax structures for businesses among U.S. cities/locations with populations exceeding 2 million. Other incentives include:

  • Job Creation Tax Credits
  • Property Investment Reimbursement
  • Tax Increment Districts
  • Community Reinvestment Area
  • Neighborhood Business District Improvements

Hot and humid in the summer and cold and snowy in the winter, Cincinnati is located on the border between Ohio and Kentucky at the convergence of the Ohio and Licking Rivers. The city is rich with a history of German and Irish immigration and has many beautiful buildings of the Italian Renaissance architectural style. Cincinnati is also home to a significant number of descendants of Revolutionary War soldiers who were granted lands in the state as payment for their war service.

The city’s Small Business Enterprise (SBE) Program promotes the economic welfare of the people of the City of Cincinnati and works to abolish any discrimination against SBEs. To be certified as a small business within the program, entrepreneurs must apply for certification either online or in person.

 

Photo Credit:  RudyBalasko/iStock/Thinkstock

Posted: 9/5/2014 3:00:55 PM by | with 0 comments