Medpace Continues to Grow in Cincinnati

The Challenge

Medpace, a global biohealth contract research organization headquartered in Cincinnati, was experiencing an increase in customer demand and a need to expand its team and operations. With operations in 40 countries across six continents, work performed by Medpace’s 5,000 employees is critical to the development of new therapies for the treatment of disease.

Founded 30 years ago, Medpace has been growing quickly in recent years. The company wanted to aggressively hire employees across a broad spectrum of roles (with a heavy focus on STEM talent), including physicians, lab technicians, clinical research associates, data analysts, financial analysts, software engineers, and more.

The Solution

Medpace committed to investing $150 million to expand its operations and office capacity at its Cincinnati headquarters by constructing a new 250,000-square-foot office building and a 1,000-space parking garage. The investment would provide Medpace the space needed to grow its employment in Cincinnati by nearly 80 percent.

Key factors in choosing Ohio included:

• The talent and collaboration Medpace has in Cincinnati and throughout Ohio have made a positive impact on the company for 30 years
• Proximity to Ohio’s powerful network of world-class medical and research facilities, leading academic institutions, and private companies
• A steady nearby pipeline of skilled STEM professionals and life-science graduates
• Improved access to funding, infrastructure, lab space, and healthcare connections
• Ohio’s centralized location in the Midwest, with convenient drivability to much of the U.S. and Canada

The Results

• Jobs Created: 1,500
• Total Payroll: $90 million
• Total Investment: $150 million
• Economic Impact: The Medpace expansion is significant for Ohio and the Cincinnati area. The decision further solidified the region as a bio-health leader, serving as a magnet for talent as thousands of high-paying careers develop in this sector of the economy.
• Strategic Advantage: The Cincinnati area has been adding jobs in the biohealth sector due in part to its collective strength in the industry, as well as Medpace’s continued evolution as a global contract research organization. The region’s ability to support growth is aided by a robust logistics and infrastructure ecosystem, as well as the ability of local colleges, universities, and technical schools to educate nearly 8,000 STEM graduates annually.

“On our 30th anniversary, we are proud to continue our growth here in Cincinnati, where we established Medpace with a vision of helping patients, families, and communities by advancing new and better medical treatments. As part of our expansion, Medpace will be hiring aggressively and plans to provide 1,500 new jobs in Cincinnati that will encompass a broad spectrum of professional opportunities. The talent and corroboration we find here and throughout all of Ohio has made an incredibly positive impact on our successful operations and our clinical trials that are strengthening healthcare and changing lives.”

Medpace President Jesse Geiger