U.S. Bank
U.S. Bank, already the second largest bank in the region, is growing in Cincinnati. After considering multiple facilities in the Midwest, the bank has decided to expand its 24-hour banking center in Linwood. It is adding 70 new employees and investing $200,000 to upgrade its facilities. Both the City and the State of Ohio provided tax incentives to U.S. Bank to ensure that the Wooster facility was cost competitive. As part of the agreement, the bank has committed to maintaining in excess of 2,500 employees in the city through 2022. Between the new jobs and the retained jobs, the City expects to net over $7 million in earnings tax over the term of the agreement.
