Writer: Lincoln Warstler
2 min read September 2022 — Amid economic uncertainty and interest rate hikes on a national level, Cincinnati has seen some positive signs when it comes to business investments and expansions as of recent.
Earlier this year, Total Quality Logistics (TQL), Cincinnati’s largest private company and one of the largest freight brokerage firms in North America, announced yet another expansion of its headquarters, marking the second-largest headquarters expansion project in REDI Cincinnati’s history. However, TQL isn’t the only company that has announced plans for expansion. Here are some recent announcements of expansion in the region.
C.M. Paula
C.M. Paula is a second-generation, family-owned acquisition and holding company that has a focus on consumer products and manufacturing. The company, which is headquartered in Mason, will be adding 36,500 square feet to its global headquarters. According to C.M. Paula, this development will be a $3.6 million dollar investment and a 60% percent expansion from its current space, bringing in an additional 22 full-time jobs.
The expansion will primarily serve Remtec, one of C.M. Paula’s four companies, specializing in the creation of cost-effective robotic systems for a wide range of manufacturing industries. “Our 25-plus year history with Mason is a key facet of our success. Our company’s foresight and plan for the future is now coming to fruition with this expansion and secures a strong and sustainable home for us here,” said George White, CEO of C.M. Paula.
Onyx+East
Onyx+East is an Indianapolis-based, fast-growing, full-service home builder with offices throughout the Midwest and Florida. The company operates by taking underdeveloped land in urban areas and repurposing it into vibrant and new neighborhoods. At the beginning of September, Onyx+East announced their plans for a $235 million dollar expansion into Ohio. The expansion includes office spaces in Cincinnati, 20 new employees, as well as a 29 townhome project near East Walnut Hills.
“This strategic expansion aligns with our focus on redeveloping underused and vacant land in great urban areas — creating new communities for healthier and more vibrant neighborhoods,” said Kelli Lawrence, CEO of Onyx+East. “Everly is our initial community, but we already have a number of other projects under review to further our entry into Ohio and start building a strong local presence.”
Festo
Festo, a $3 billion German multinational industrial control and automation company that produces technology for factories and process automation, announced in August that it will mark its 50-year anniversary in the U.S. with an expansion of its 47-acre campus in Mason, Ohio. The campus, which is 30 miles North of Cincinnati, will become home to the new Global Production Center for Festo. The new production center is Festo’s first in the United States and is scheduled to begin automation by the end of this year.
The Mason campus is also home to a Festo Technology Engineering Center, an expansion that was expected to be completed by the end of September. Festo’s Technology Engineering Centers operate as research and development facilities that engage with customers in order to develop better products and solutions. This will be Festo’s second Technology Engineering Center to open in the U.S.
