July 2024

The Economic Impact of Black-Owned Businesses in Southwest Ohio and Northern Kentucky

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Center researchers are in the middle of a multi-year project to measure the economic impact of Black-owned businesses in our region.

Here are some of the highlights from the latest round of research released in July:

  • In 2023, Black-owned businesses in Southwest Ohio and Northern Kentucky generated approximately $1.5 billion in direct sales and employed 9,024 people with earnings totaling $341.2 million.
  • These businesses supported nearly $1.4 billion more in indirect sales, supporting 7,448 jobs with $293.8 million in earnings.
  • Overall, Black-owned businesses contributed more than $2.8 billion in total sales, directly and indirectly supporting 16,472 jobs with $635.1 million in total earnings.
  • State and local jurisdictions benefited from $34.3 million in earnings and sales tax revenue generated by these businesses.

This research work also got quite a bit of media attention:

CLICK HERE for Local 12 News coverage

CLICK HERE for WVXU coverage

CLICK HERE for WCPO coverage

July 2024

The Economic Impact of Non-Profits in Greater Cincinnati

This summer our researchers also measured the economic impact of local nonprofit organizations on behalf of the Human Services Chamber of Hamilton County. The Human Services Chamber is an organization that represents more than 90 human services groups in Hamilton County, with the mission of developing and advocating for public policies that provide opportunities for all community members to reach their full potential.

Among the highlights:

  • Our researchers found that nonprofit groups contributed $2.9 billion in total economic output, supported 41,023 jobs, and accounted for $1.3 billion in total wages.
  • In addition, the study showed nonprofits generated a total of $87.1 million in earnings and sales tax revenue.

This research work on behalf of the Human Services Chamber also got a lot of attention from the media:

CLICK HERE for the Cincinnati Enquirer’s coverage.

CLICK HERE to watch WLWT’s coverage.

CLICK HERE to read the Cincinnati Business Courier’s coverage.

CLICK HERE for Movers & Makers’ coverage.