Economic Impact

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Economic Impact Study

Explore the data showcasing the significant economic impact of Goering Center Members and the vital role they play in driving growth across our region.

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Economic Impact of
Goering Center Members

Since 1989, the Goering Center for Family and Private Business has been delivering knowledge, connection and community through its programming and events, strengthening businesses and families across the region. In 2020, Goering Center Core Members generated substantial economic activity in the Cincinnati Region. 



Leadership development, succession planning, advisory board implementation, strategic business planning and business communication and culture, are at the core, and through its roundtable program, members commit more than 6,000 hours annually to each other’s success.

$ 0 Billion
of direct operating expenditures and employed more than 29,366 individuals with wages of nearly $2.0 billion.
$ 0 Billion
of total economic output and were responsible for supporting 63,858 jobs and nearly $3.7 billion in earnings in the Cincinnati MSA.
$ 0 Billion
of indirect output, which supported another 34,492 jobs with earnings of $1.7 billion.


Key Metrics

Core Member businesses in the Economics Center’s analysis supported 63,858 jobs in the Cincinnati MSA through direct employment and additional jobs generated by operations and employee spending.

Total jobs created
0

29,366 Direct Jobs

34,492 Indirect Jobs

Total Earnings

These businesses contributed nearly $2.0 billion in direct earnings. Indirect economic activity added approximately $1.7 billion more, bringing total earnings supported by Core Member businesses to $3.7 billion in the Cincinnati MSA.

$2.0 Billion

in direct earnings

$3.7 Billion

in total earnings

$1.7 Billion

in indirect earnings

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Additional Impact

The impact of Goering Center Core Member businesses extends beyond jobs and earnings, also generating significant local income and sales tax revenue for state and local governments in the Cincinnati MSA.

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$8.1 Million

In local sales tax revenue for Ohio Counties in the Cincinnati MSA

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$42.0 Million

in the sales tax revenue for the states of Ohio, Kentucky, and Indiana

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$44.0 Million

in local earnings tax revenue

Member Satisfaction Survey

Through an analysis of survey data collected from Goering Center members and corporate partners, it was found that:

100%

of Corporate Partners indicated that they are either likely or very likely to recommend the Goering Center to another company.

89%

of Core Member respondents are either likely or very likely to recommend the Goering Center to another company.

73%

of Associate Member respondents indicated that their involvement with the Goering Center had raised their business’s profile.

Final Methodology

The Goering Center engaged the Economics Center to assess the economic impact of its Core Member businesses across the 15-county Cincinnati MSA, measuring direct and indirect output, jobs, and earnings. To support this analysis, the Economics Center surveyed Core and Associate Members, along with Corporate Partners, gathering insights on economic outlook, member engagement, and satisfaction.

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