P&G ponies up big bucks to bring more companies to Cincinnati
Friday, June 20, 2014
Article by Cincinnati Business Courier
Procter & Gamble will donate $1 million over the next three years to REDI Cincinnati, a financial boon for the region’s new economic development agency, whose budget is roughly $4 million a year.
Brian Hodgett, director of Ohio government and community affairs for the Cincinnati-based consumer goods giant, made the announcement at REDI’s annual meeting, where members of the executive board who will oversee the agency were introduced for the first time.
“P&G is often looked at in the community as someone who provides leadership or at the center of a lot of big initiatives. And whenever big initiatives are out, people usually come to P&G and say, ‘Are you involved?’” Hodgett said. “Make no mistake, this is one of those initiatives. P&G is as deeply involved as we can be with this.”
The announcement caught REDI CEO Johnna Reeder by surprise.
“It’s exactly the kind of direction we need and the kind of leadership we need because we want to put our efforts on steroids,” Reeder said. “Even more important in what he said was how we need everyone – the villages, the townships, the cities, the counties, public and private – to join together because this is our community.”