Information for the city of Cincinnati
Many major and diverse corporations have their head offices in Cincinnati, .The Cincinnati area is also home to .Altogether, nine Fortune 500 companies and fifteen Fortune 1000 companies have headquarters in the Cincinnati area. With nine Fortune 500 company headquarters in Cincinnati, the region ranks in the United States Top 10 markets for number of Fortune 500 headquarters per million residents, higher than New York, Boston, Chicago or Los Angeles. In addition to Fortune 500 headquarters, 400 Fortune 500 companies have a presence in Cincinnati. Cincinnati has three Fortune Global 500 companies; three of the five Global 500 companies in the state of Ohio.The largest employer in Cincinnati, Kroger, has 17,000 employees. The University of Cincinnati is the second largest, with 15,162 employees.Cincinnati (sins?nat'e, nat'?) [key], city (1990 pop. 364,040), seat of Hamilton co., extreme SW Ohio, on the Ohio River opposite Newport and Covington, Ky.; inc. as a city 1819.
The third largest city in the state, Cincinnati is the industrial, commercial, and cultural center for an extensive area including numerous suburbs in Ohio, Kentucky, and Indiana. It is also a port with a large riverfront and good transportation facilities. Machinery; consumer goods; transportation, electric, and electronic equipment; musical instruments; metal goods; and packaged meats are among its manufactures; banking and finance also are important. Cincinnati was founded in 1788 as Losantiville; in 1790 Arthur St. Clair, the first governor of the Northwest Territory, renamed it for the Society of Cincinnati, a group of Revolutionary War officers. It was the first seat of the legislature of the Northwest Territory. After the opening of the Ohio and Erie Canal (c.1832), the city developed as a shipper of farm products and meat. Built on and below ""seven hills,"" it became known for its German iuenced cultural life.
Corruption, crime, and unrest plagued late 19th century Cincinnati; a reform movement culminated in the establishment (1924) of the city manager type of government (notable managers were Clarence A. Dykstra and Clarence O. Sherrill). Disastrous flooding struck the city in 1884 and again in 1937, after which major flood control projects were undertaken. In the 21st cent. the city's downtown and riverfront has undergone a revitalization, with the construction of new business and residential buildings and park facilities.William Howard Taft and his son Robert A. Taft were born here. Cincinnati's landmarks include the Taft Museum; Eden Park, with the Cincinnati Art Museum; the Cincinnati Museum Center in the former Union Terminal; and the Rosenthal Center for Contemporary Art. The Univ. of Cincinnati, Edgecliff College, Xavier Univ., and several other educational institutions are in Cincinnati. The city is home to the Reds, the nation's oldest professional baseball team, and the football team.
Information for the state of Ohio
"Ohio is highly industrialized, yet it also continues to draw economic riches from the earth. Among national leaders in the production of lime, clays, and salt, it is a historic center of ceramic and glass industries. Ohio's soil supports rich farms, especially where it was improved ages ago by additions of glacier-ground limestone. Although most of the state's income is derived from commerce and manufacturing, Ohio also has extensive farmland, and large amounts of corn, soybeans, hay, wheat, cattle, hogs, and dairy items are produced, although the number of family farms is rapidly dwindling.
Railroads, canals, and highways crisscrossing the state have since the late 19th cent. provided the means for transporting large amounts of raw materials and manufactures. Lake Erie ports, chiefly Toledo and Cleveland, handle iron and copper ore, coal, oil, and finished materials (including steel and automobile parts). In spite of massive industrial decline since the 1960s, which has made Ohio the center of the ""Rust Belt,"" the state retains many manufacturing centers, with an emphasis on heavy industry. Leading products include transportation equipment, primary and fabricated metals, and machinery."
You no longer have to waste time in collecting on invoices.
Factoring Companies Oh
The main benefit of factoring is that a business is not required to wait one or two months (sometimes more) for payment by a customer, the business will receive cash in hand to operate and grow their business. -Factoring Companies Oh
IMAGINE YOU? HOLDING ALL THE CASH YOU NEED
Factoring Companies Oh Articles
Factoring at accountreceivableloan.co.uk
Why Do Companies Choose Factoring?
We know that factoring is the ideal way for a business to access instant cash on their company’s receivables, but there are other important benefits as well. Factoring can be a very handy financial instrument for many businesses.
Listed below Are Six Key Benefits of Factoring
No. 1: Back Office Solutions
Anyone running a business knows just how time consuming and expensiveit can be collecting payments from customers. When you employ a factoring company they’ll take over that role for you using their own collection specialists: it’s their job to follow up with customers until such time as your account has been paid in full. In addition, some factoring companies use online accounts, which means that you’ll have the ability to track your customers’ payments in real time.
Handing this time consuming part of your business over to the factoring company frees up your time to do what you do best – running your business, looking for new business opportunities, and providing your customers with excellent customer service.
No. 2: Better Quality Customers
Some factoring companies have their own rating systems for companies involved in your industry, in addition to having access to credit data on companies that could well become your new customers, and days pay information. Others create their own rating systems for companies working in your industry, which allows you to make calculated, informed decisions about both existing and new customers.
No. 3: Instant Access to Cash
When a company provides goods or services on credit it usually has to wait somewhere between 30 and 90 days for customers to pay on their invoice, and this very often leads to cash flow problems for the business. And that’s the beauty of factoring! When you use a factoring company you’ll typically receive an advance on an invoice within 24 hours. This immediate injection of cash allows businesses to purchase additional equipment, employ new staff, and cover other business expenses.
No. 4: Growing Your Business
Because factoring provides instant access to cash, it offers you the flexibility to grow your business at a faster pace. In addition, factoring is very simple to set up. A factoring account can be created within a matter of days, whereas a traditional bank loan can take weeks. And, there’s no limit to the amount of funding a factoring company can provide, unlike bank loans. Of course, this is assuming the factoring company you choose to work with has a strong capital structure. Over a period of time, the volume of factoring can increase within months – from thousands to millions of dollars.
No. 5: Funding for Start Ups
Start Ups quite often require financing to get their business up and running; but because they have no cash flow statements or balance sheets, and no business history, they’re highly unlikely to qualify for cash flow or asset based lending.
Factoring is not concerned about these requirements because it’s main interest is in the credit history of your customers. Before a factoring company offers you financial assistance it will examine your customers’ credit scores, their payment patterns, and general financial health. Typically, the factoring company will not be interested in how long your company has been operating.
No. 6: Factoring Is Not a Debt
Factoring does not become a debt to your business because it’s not a loan. Your business receives financial support from the factoring company as and when you accumulate invoices, and the matter is settled once your customers have paid in full. It’s true that if you’re utilizing recourse factoring, you, as the factoring client, assume the risk if your customers default on payment; however, factoring companies usually allow businesses to work off that amount by retaining a portion of reserve payments or future cash payments.
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