Cincinnati Children's Hospital Medical Center has joined the University of Cincinnati as an anchor of the planned Cincinnati Innovation District, designed to bring to the city emerging and established companies, especially those in the tech and life sciences industries.
The innovation district will be backed by an investment of $100 million from nonprofit economic development organization JobsOhio. Within the next 10 years, the three partner organizations expect to see that investment accelerate the addition of 15,000 STEM graduates and $2 billion in research and real estate development; ultimately, they predict that the district will drive $3 billion in annual economic impact and draw 20,000 new jobs to the region, according to the March 6 announcement of the district's launch.
"This unprecedented investment will help us continue to attract, retain and inspire exceptional talent from around the world; accelerate new discoveries, treatments and cures; and, most importantly, make a difference in the health and lives of children in Ohio and well beyond. We are very grateful for this exciting new partnership," Michael Fisher, president and CEO of Cincinnati Children's, said in the announcement.
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