OH: Companies Commit to Investing $6M+ in Region
25 May, 2016
Two Greater Cincinnati companies shared plans to expand in the coming years. REDI Cincinnati, the region’s leading economic development initiative, announced two companies received approval from the Ohio Tax Credit Authority board: Advanced Testing Laboratory, Inc. and Ultimus Fund Solutions, LLC. Combined, the pair commits to creating more than 150 jobs and adding $6.6M in capital investment to the economy.
“Throughout 2016, we’ve seen many different kinds of companies growing in Greater Cincinnati,” said Kimm Coyner, vice president of business development and projects at REDI Cincinnati. “We know our regional economy thrives when a range of industries chooses to locate and grow here.”
The approved projects include:
· Advanced Testing Laboratory, Inc.: The leading scientific outsourcing firm in the science, engineering, regulatory, compliance and product stewardship industries is expanding its corporate headquarters and contract laboratory facility in Blue Ash.
· Ultimus Fund Solutions, LLC: As a professional services firm in the financial industry, Ultimus Fund Solutions provides middle- and back-office services to investment adviser firms across the country. Following a recent acquisition, the firm plans to support ongoing strategic growth efforts and ventures into new business segments as its Cincinnati headquarters, located in Springdale.