Cincinnati's Economic Development Division Receives Excellence In Economic Development Award
Honors Success of American Can Building Renovation
The City of Cincinnati's Economic Development Division has received a Gold Excellence in Economic Development Award from the International Economic Development Council for the American Can Building project in Northside.
The American Can Building, built in 1921, was a manufacturing plant until 1973. But then it stood vacant for nearly 30 years.
In 2003, the City of Cincinnati began working with the Bloomfield/Schon and Partners development firm and the community of Northside to redevelop the building.
The City invested a total of $2.35 million into the renovation of the building, leveraging $19.5 million in private investment. The mixed-use building now includes 110 loft apartments, 12,000 square feet of commercial space and other amenities such as conference and fitness rooms. It is listed on the National Register of Historic Places.
"The City of Cincinnati's emphasis on neighborhood investment and economic development lends itself to a stronger Cincinnati for everyone," said City Manager Milton Dohoney. "This award recognizes Cincinnati for its commitment to its communities and its successful practices that set a high bar for other cities around the globe."
Photo: The ribbon-cutting ceremony at the American Can Building in Northside.
About The International Economic Development Council
The International Economic Development Council is a non-profit focused on the research and promotion of strong economic development. The IEDC’s Excellence in Economic Development Awards honor the best projects and leaders in economic development throughout the world. Recipients of these awards are held up as examples to how economic development can succeed in other communities.