COLUMBUS, Ohio,Dec. 21, 2022/PRNewswire/ --OhioGovernorMike DeWine, Lt. GovernorJon Husted, and JobsOhio president and CEOJ.P. Nauseefannounced today that Medpace, a clinical contract research organization, is expanding its operations inCincinnatiand has committed to the addition of 1,500 new jobs with an associated payroll of$90 millionover the next six years.
"Medpace has grown considerably since it was founded inCincinnatithree decades ago, and the research underway here is positively impacting healthcare on a global scale," saidOhioGovernorMike DeWine."Medpace's continued growth inOhiobrings 1,500 new, high-paying jobs to Cincinnati in support of the next generation of pharmaceutical and medical innovations."
Medpace has committed to invest$150 millionto expand operations and office capacity at its headquarters inCincinnatiby constructing a new building and parking garage currently planned to span 250,000 square feet of office and 1,000-stall parking spaces. The investment in infrastructure allows Medpace to grow its employment inOhioby nearly 80 percent and expand operations as a clinical contract research organization.
TheState of Ohio, JobsOhio, REDI Cincinnati, and theCity of Cincinnaticollaborated with Medpace to bring the expansion to Cincinnati.
"The Medpace expansion is a big deal forOhioand the Cincinnati region," saidLt. GovernorJon Husted."This expansion further solidifies the region as a bio-medical leader and serves as a biotech talent magnet for the region as thousands of high-paying careers develop in this sector of the economy."
Medpace has provided full-service clinical development services to the biopharmaceutical and medical device industries since 1992. With operations in 40 countries across six continents, work performed by Medpace is critical to the development of new therapies for the treatment of disease.
"On our 30th anniversary, we are proud to continue our growth here inCincinnatiwhere we established Medpace with a vision of helping patients, families and communities by advancing new and better medical treatments," saidJesse Geiger, President, Medpace. "As part of our expansion, Medpace will be hiring aggressively and plans to provide 1,500 new jobs inCincinnatithat will encompass a broad spectrum of professional opportunities. The talent and corroboration we find here and throughout all ofOhiohas made an incredibly positive impact on our successful operations and our clinical trials that are strengthening healthcare and changing lives."
"Medpace's expansion brings a new facility to its campus that will further strengthenOhio'sposition as a leader in healthcare innovation," saidJ.P. Nauseef, JobsOhio president and CEO."By nearly doubling in size, Medpace will lead groundbreaking research to advance drug and medical devices that improve care for patients worldwide."
Today's announcement marks the second Medpace expansion within theCity of Cincinnatisince 2016, adding a combined 2,150 new jobs,$125.7Min new payroll, and$157Min fixed asset investment.
"On behalf of theCity of Cincinnati, I couldn't be more thrilled about the opportunity generated by Medpace's expansion," saidCity of CincinnatiMayorAftab Pureval."Growth is critical to our ability to succeed as a community and an economy, and this remarkable investment inCincinnatijobs will make a profound impact. Thanks to Medpace's longstanding commitment to our City, and thanks to the continued success of strong partnerships with theState of Ohio, REDI, and JobsOhio, Cincinnati is reaching new heights as a thriving, attractive place for businesses and talent."
Employment opportunities encompass a wide variety of roles, including a heavy focus on STEM talent with physicians, lab technicians, clinical research associates, data analysts, financial analysts, software engineers, and more.
"Medpace's continued commitment to the Cincinnati region is a testament to our vitality and ability to support organizations in the healthcare industry," saidKimm Lauterbach, president and CEO,REDI Cincinnati. "From 2017-21, the region experienced nearly 25% growth in jobs in the biohealth sector due in part to our collective strength in the industry as well as Medpace's continued evolution as a global CRO. Cincinnati and southwestOhio'scapacity to support this growth is aided by the region's logistics and infrastructure ecosystem and the abilities of our local colleges, universities and technical schools to educate over 7,900 STEM graduates annually."
The project is contingent on state and local approvals of incentives. JobsOhio also plans to provide assistance, which will be made public after a final agreement is executed.
About JobsOhio
JobsOhiois a private nonprofit economic development corporation designed to drive job creation and new capital investment inOhiothrough business attraction, retention, and expansion. The organization also works to seed talent production in its targeted industries and to attract talent toOhiothroughFind Your Ohio. JobsOhio works with six regional partners acrossOhio:Dayton Development Coalition,Ohio Southeast Economic Development,One Columbus,REDI Cincinnati,Regional Growth Partnership, andTeam NEO. Learn more atwww.jobsohio.com. Follow us onLinkedIn,Twitter, andFacebook.
About Medpace
Medpace is a scientifically-driven, global, full-service clinical contract research organization (CRO) providing Phase I-IV clinical development services to the biotechnology, pharmaceutical and medical device industries. Medpace's mission is to accelerate the global development of safe and effective medical therapeutics through its high-science and disciplined operating approach that leverages local regulatory and deep therapeutic expertise across all major areas including oncology, cardiology, metabolic disease, endocrinology, central nervous system, and anti-viral and anti-infective. Headquartered inCincinnati, Ohio, Medpace employs over 5,000 people across 40 countries.
About REDI Cincinnati
区域经济发展计划(雷迪) Cincinnati is the first point-of-contact for companies locating or growing in the 16-county region at the heart of southwestOhio, northernKentucky, and southeastIndiana. REDI Cincinnati is supported by top business leaders and community partners and staffed by a team of economic development experts who are uniting the Cincinnati region to compete globally.
The future is bright, and we're building it, right now. Join us atREDICincinnati.com.
SOURCE JobsOhio
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