DECD Releases 2016 Annual Report


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DECD Releases 2016 Annual Report

26 April 2017 - 12:00:00 AM

April 26, 2017 - The City of Cincinnati’s Department of Community and Economic Development (DCED) has released its 2016 Annual Report, which outlines programs, trends, and benchmarks for the department. Through enhanced department structure and an even sharper focus on customer service delivery, the department saw many wins for the year, further cementing the notation that Cincinnati is a city on the rise.

In total, the City saw over $447 million in total investment over the course of 2016. Within the total investment, the City leveraged more than $398 million in outside funding through the allocation of $49 million in city funds, an 8:1 investment ratio. The City also created 2,347 jobs and retained an additional 1,840 jobs through housing and economic development projects, nearly 1,800 more than 2015.

“The jobs we have created will pay dividends in the future, positioning the city to weather any economic uncertainty that lies ahead,” adds DCED Director Oscar Bedolla.

Additional highlights include:
  • City projects included the creation of 816 housing units.
  • The Parking Facilities Division saw a 44 percent increase in meter revenue from fiscal year 2015 to fiscal year 2016. This is due, in large part, to more effective meter deployment and customer-focused technology like the Cincy EZPark app, which allows the customer to start or extend a parking session from their smartphone or wireless device.
  • The department developed a new strategy to launch development opportunities, building a branded message around Cyber Monday and incorporating a stronger focus on community engagement.
  • The major projects division led the inaugural Cincy Pop Shop program, which activated three previously vacant retail spaces in the Carew Tower for the 2016 holiday shopping season.

Read the full report here.