The Cincinnati-Middletown MSA is a unique 15-county region located within portions of Ohio, Kentucky and Indiana and maintaining a population of around 2.1 million. Cincinnati is the third-largest city in Ohio, with 292,900 residents. The highest rates of growth occur in outlying cities such as Hamilton, which will post annual gains of more than 1 percent through 2016.
The Cincinnati MSA economy continues to rebound from the recession, with GMP anticipated to rise over 2 percent as retail sales jump nearly 12 percent in 2012. In addition, annual employment growth of 1.9 percent is projected over the next five years. The area's significant employment bases in consumer products, finance and logistics have helped the economy bounce back from the downturn faster than many Midwestern cities. An excellent transportation system and lower property, corporate and state taxes are major incentives to attract companies. Ten Fortune 500 firms are headquartered in the region.
Growth in the technology sector has also aided stabilization of the region's economy. Approximately 225 area firms are engaged in high-tech research, employing over 9,500 people. More than 300 firms involved in aerospace products and parts manufacturing are housed in the Cincinnati-Dayton corridor and employ around 180,000 people.
The Ohio River runs through the area, establishing the border between Ohio and Kentucky. The terrain is hilly, with bluffs and low ridges along the river.