CINCINNATI -- Mayor Mark Mallory and Procter & Gamble announced Wednesday that P&G will move about 650 jobs to their Downtown Cincinnati world headquarters.
At Wednesday's council meeting, the Cincinnati City Council members will vote on a resolution supporting the company's decision and directing the City Administration to work with P&G to assist in the move.
“P&G’s decision is further proof that companies want to be a part of what is going on in Cincinnati,” Mayor Mark Mallory said. “P&G is a big part of the fabric of Cincinnati. Once again, they are leading the way in the growth and vitality of our city.”
"On behalf of the P&G Product Supply Operations Team, I am pleased to share the news regarding our arrangements with the City of Cincinnati that will allow us to move our group into the P&G Global Headquarters building. Returning to downtown was our lead option and we look forward to the increased interactions that this move will provide us with the internal business that we serve," said Billy Boykins, Director, North America Market Development Organization, P&G Product Supply Operations. "We appreciate the responsiveness of the City in working with us to address the increased demand for parking that this influx of jobs created."
The jobs, moved from P&G's Governor's Hill location, will increase the company's Cincinnati employee payroll by about $30 million, resulting in $630,000 in additional payroll tax revenue, which will help provide City services to all neighborhoods.
“Creating more jobs in Cincinnati helps increase revenue so we can supply quality city services to all neighborhoods,” said City Manager Milton Dohoney, Jr. “We are very happy to partner with P&G to bring jobs to the city that also strengthens their operations."
The Cincinnati City Council resolution will direct administration to address P&G's need for more Downtown parking for new employees. City administration and P&G have identified 500 potential parking spaces that the company can lease from the City, including nearby City-owned surface parking lots and an expanded City-owned parking garage at 7th and Broadway.
P&G’s announcement builds on the City of Cincinnati’s recent success in attracting new businesses and encouraging the expansion of existing businesses. Last year, the City of Cincinnati secured nearly 2,500 new jobs despite the recession. So far this year, the City had secured another 650 new jobs before the P&G announcement. Companies like Medpace, US Bank, Humana, FirstGroup, dunnhumbyUSA, Kendle, Neyer Properties, Graeter’s, Macy’s and Kao Brands either decided to add jobs or move jobs to Cincinnati.
