Kingsport Alderman Candidate Mallicote states Cincinnati is not recruiting businesses
Below is a video from the KNETIC debate, that shows two different perspectives on economic development between Pat Shull and Ben Mallicote, who are both running for re-election for the Kingsport Board of Mayor and Alderman.
Ben Mallicote stated in the KNETIC debate that Cincinnati, Ohio is not recruiting businesses and instead recruiting people. Read the Cincinnati 2009-2013 Work Plan at the bottom of this post and decide yourself if the statement that Ben Mallicote made concerning Cincinnati is a true statement. Also click on the links below and I think you will see that Cincinnati has a lot going on concerning economic development.
He appears to be anti-smokestack type businesses, but I should remind Ben Mallicote, that the patents that he talks about most likely came from those companies like Eastman that have smokestacks.
Cincinnati also states the following.
Each new company that locates here fortifies the entire region. Research shows that one new company bringing 50 new jobs will create 51 additional jobs in other industries, generating $4.1 million in wages and salaries for the total 101 jobs. This triggers an estimated 67 new housing units with $6.8 million in sales and, subsequently, $2.6 million spent on food, clothing, vehicle, entertainment and other goods purchased. One company. 50 new jobs. Significant regional impact for everyone.
2008 Regional Business Growth Report
2008 Regional Business Retention Report
Below is page 16 from the 2008 Annual Report
