Economy
Cincinnati is home to many major and diverse corporations such as Procter & Gamble, The Kroger Company, Macy's, Inc. (owner of Macy's and Bloomingdale's), Benziger Brothers, American Financial Group, Convergys, Omnicare, Great American Insurance Company, Fifth Third Bank, Western & Southern Financial Group, The E. W. Scripps Company, Cincom Systems, Cincinnati Bell, DunnhumbyUSA, and Kao Corporation's United States division. Cincinnati is also home to thousands of small and medium size businesses that are a vital part of the Cincinnati economy.
The Cincinnati area is also home to Ashland Inc. (neighboring city of Covington), General Cable Corporation (suburb of Highland Heights), GE Aviation (suburb of Evendale), United States Playing Card Company (suburb of Erlanger), Cintas (suburb of Mason), AK Steel Holding (suburb of West Chester), Cincinnati Financial (suburb of Fairfield), Columbia Sussex (suburb of Crestview Hills) and Sunny Delight Beverages Co. (suburb of Blue Ash). Toyota also has many operations in the Cincinnati area with U.S. headquarters of Toyota Motor Engineering & Manufacturing North America (suburb of Erlanger) and Toyota Boshoku America.
Altogether, nine Fortune 500 companies and fifteen Fortune 1000 companies are headquartered in the Cincinnati area. With nine Fortune 500 company headquarters in Cincinnati, the region ranks in the nation's Top 10 markets for number of Fortune 500 headquarters per million residents, higher than New York, Boston, Chicago or Los Angeles. In addition to Fortune 500 headquarters, more than 360 Fortune 500 companies maintain operations in Cincinnati. Cincinnati has three Fortune Global 500 companies; three of the five Global 500 companies in the state of Ohio.
The largest employer in Cincinnati is the University of Cincinnati, with 15,862 employees. Kroger is the second largest, with 15,600 employees.
See also: List of companies in Greater CincinnatiRead more about this topic: Cincinnati
Famous quotes containing the word economy:
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)