In Mason, business as usual is about adapting to the unusual. Our entire operation is run with a business mindset, providing a concierge level of service for our business partners. For us, public and private entities working as one is what turns a strong business environment into an advanced ecosystem where our collective strengths remove barriers and build new foundations.
We established the Mason Tech Elevator and Mason Bioscience Elevator to do this very thing for emerging companies to put down roots and reach new heights in creative, supportive environments. We consider ourselves a strategic player and a nimble partner to our business community, which has brought unprecedented value to our residents and stakeholders.
Unprecedented Job Growth
With more than $500 million in new investment and more than 3,000 new jobs announced in the past 18 months, we continue to see explosive growth. With a specific focus on developing a bioscience ecosystem, 80 percent of job creation and investment in the past 18 months have focused in this strategic sector.
Mason Tech Elevator Spurs Tier 2 Start-up Growth
As the Greater Cincinnati start-up community receives national recognition for its rapid growth, we’ve focused on taking graduates of those exciting programs into class A office space to launch their commercial development. With 150,000 square feet of space, we’ve created a community of Tier 2 market-ready companies to share resources and a collaborative environment in digital IT and biohealth. And the numbers speak for themselves. With 18 early stage companies creating more than 450 new jobs, attracting more than $121 million in institutional and non-institutional venture capital, the Tech Elevator is successfully launching technologies into growth companies.
Of the companies that put roots down here, two have graduated beyond the center into larger spaces, three have had successful multi-million dollar exits and all have contributed to a collaborative community of entrepreneurial strength.
A Diverse Employer Community
Within the City, the largest employers include Procter & Gamble (P&G), Luxottica Retail, Cintas and Mason City Schools. The City also has a robust community of bioscience and technology that continued to grow in 2016.
Global automation and Industry 4.0 leader, Festo opened its $60 million, 200,000 square foot Regional Service Center and Corporate Campus in Mason, along with its flagship Learning Center Midwest. Medical device company AtriCure moved their 94,000 square feet manufacturing and distribution operations to Mason. And P&G began its massive $300 million expansion to move its Global Beauty Care division to Mason in 2017, adding more than 1,300 jobs.
Reaching the Ultimate Startup Goal
Several within the Mason startup community have gone from ground zero to multi-million dollar acquisitions in a matter of years. Through thoughtful growth strategies, go-to-market savvy and a lot of perseverance, these companies flourished in the Mason environment and attracted national attention from investors. In 2016, we had three of the biggest exits in the region.
Assurex Health/Myriad Genetics
Global Corporate Headquarters,
Mason, Ohio, since 2008
The most “startlingly innovative” venture-backed company in the United States is located on Mason’s Municipal Campus and began in a Mason strip mall space. Assurex Health, a personalized medicine company, specializes in pharmacogenomics, the study of genetic factors that influence an individual’s response to drug treatments.
In two years, Assurex Health increased its square footage by 700 percent and jobs by 300 percent. Plus, the City of Mason has facilitated three expansions, built a state-of-the-art genomics lab in the lower level of the Municipal Center and partnered on many industry-specific topics including the growth of the Regional BioHealth Cluster.
In August, 2016, Assurex Health was acquired by genetic test developer, Myriad Genetics for $225 million.
Mason, Ohio, since 2001
From a basement office to one of the region’s largest private employers, Intelligrated, is located in Mason’s Innovation Corridor. With more than 3,000 employees nationwide and 130,000 employees globally, Intelligrated is a material handling and software engineering company that designs and manufactures warehouse automation solutions, software and services. The need for warehouse, logistics and fulfillment solutions makes Intelligrated’s unique innovations essential in today’s e-commerce landscape.
The City worked closely with Intelligrated to facilitate multi-million dollar expansions that more than doubled the size to almost 400,000 square feet and brought more than 1,000 jobs.
In July, 2016, Honeywell, a Fortune 100 diversified technology and manufacturing leader bought Intelligrated for $1.5 billion.
Mason, Ohio, since 1999
From garage space to international software development company, Seapine Software’s global headquarters is located in Mason. Seapine is a global provider of application lifecycle management allowing developers and designers to accelerate development and delivery cycles through more efficient product management and processes. Its $7 million, 50,000 square foot headquarters brought 50 jobs to the City.
In November, 2016, version control and source code management provider, Perforce acquired Seapine Software. The Mason headquarters has room for expansion along with plans from Perforce to do so by working with the City and tapping into local talent.