Kia Cronin’s new showroom under construction in Harrison, OH
The recently released 2016 GCADA Economic Impact Study confirmed the huge contribution franchised new motor vehicle retailers make to Greater Cincinnati’s economy, employing 5,700 workers with an annual payroll of more than $230 million. Dealerships also contributed over $278 million in sales, real estate, payroll and commercial activity taxes. In addition to these direct contributions, several GCADA members will also be investing millions of dollars in new construction projects throughout the region.
Work is set to begin later this month on the expansion of Kenwood Dealer Group’s Volkswagen dealership in Fairfield. The Route 4 location acquired the adjacent strip mall in 2014, and is now beginning demolition work to make room for a new 4,914-square-foot structure to house a showroom and additional bays for mechanical service and detailing. The total cost of the project is estimated at $1.5 million, and will allow for expanded inventory and service capability.
Part of McCluskey Chevrolet’s $7 million renovation in 2015
Alongside a flurry of other construction projects in Loveland, McCluskey Automotive will be moving it’s headquarters to the city’s Commerce Park. The project is expected to cost $7.5 million dollars and will bring 70 new jobs to the area, along with $30,000 in annual income tax. This development comes two years after McCluskey Chevrolet was featured in Automotive News for it’s newly renovated dealership. The $7 million renovation transformed the 48,000-square-foot dealership with amenities like a relaxation lounge with a 10 foot glass fireplace, touch-screen Coke Freestyle machine, and leather massage chairs.
Artist’s depiction of the new Cronin Kia showroom and service center
On the other side of Cincinnati, last year in Harrison, OH Cronin Kia began preparations for the construction of a new 20,000 square-foot showroom and service center. The dealership will create an additional 25 jobs, and is currently under construction. The entire project is estimated to cost $6 million, and the new facilities are expected to open early this year.
The thousands of high-paying jobs and millions of dollars in taxes provided by franchised new motor vehicle retailers have a huge impact on the local economy of Greater Cincinnati. This year’s construction and expansion projects will further boost the Tri-State economy, and we can’t wait to see the results!