News From The Port: The Port and Uptown Consortium, Inc. Join Forces to Accelerate Development in Uptown’s Neighborhoods
For Immediate Release:
Friday, December 20, 2024
Consortium to become a managed entity of The Port
Cincinnati, OH, December 20, 2024 - After months of collaboration and analysis, The Port of Greater Cincinnati Development Authority (The Port) and Uptown Consortium, Inc. (UCI) today announced a new partnership aimed at accelerating community and economic development in Uptown, the region’s second largest economic engine and the center of research and innovation. The goal of this merger is to leverage the collective strengths and expertise of both organizations to catalyze transformative growth in one of the city's most dynamic and promising districts.
For more than 20 years, UCI has been leading Uptown’s transformation, playing a critical role in its development as an innovative and inclusive urban hub. Through this partnership, UCI’s experience will be paired with The Port’s unique tools and capabilities to accelerate revitalization efforts and unlock the full potential of the area.
“Uptown Consortium has played a vital role in shaping Uptown, and we are thrilled to assume management of this organization to attract further investment from JobsOhio, the state and the private sector,” said Laura N. Brunner, president and CEO of The Port. “We will leverage our resources and expertise to accelerate growth, enhance economic opportunities, and foster long-term community impact,” Brunner continued.
Earlier this year, The Futures Commission identified Uptown’s neighborhoods as a major growth engine in the region.
The Uptown area of Cincinnati is a collection of five neighborhoods and includes the Cincinnati Innovation District, a strategic effort designed to stimulate private investment, increase housing choices, and attract new jobs and business opportunities.
As The Port’s newest managed entity, both organizations will focus on unlocking Uptown’s full development potential, with an emphasis on attracting new jobs and business opportunities. By leveraging UCI’s deep understanding of the local landscape and The Port’s capacity for large-scale development and financing, the collaboration aims to achieve sustainable economic growth and further solidify Uptown as a central hub of innovation and opportunity for the region.
Background on Uptown:
Uptown Cincinnati is a collection of five neighborhoods located immediately north of downtown/OTR, between Interstate I-71 and I-75 including: Avondale, Clifton, Clifton Heights, University Heights and Fairview (CUF), Corryville and Mt. Auburn. The area boasts a mix of educational, regulatory, and healthcare institutions, with a population that cuts across all social categories. Over 48,100 people reside in Uptown, and 1,063 businesses are located here. Anchor institutions and auxiliary businesses located inside Uptown contribute $10.7 billion in economic output annually and employ nearly 75,000 people with earnings of over $5 billion.
About The Port:
The Port was formed in 2000 to stimulate growth of the regional economy. Partnering with the City of Cincinnati and Hamilton County, The Port works to redevelop manufacturing and residential communities to build the foundation of job creation and livable, viable communities where residents can experience economic prosperity. For additional information, please visit http://www.cincinnatiport.org.
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Media Contact:
Tom Millikin
Vice President, Communications & Marketing, The Port
513-543-1724
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