Paychex Inc. is marking its expanded presence in Cincinnati with a $350,000 donation to United Way of Greater Cincinnati, following the company’s recent acquisition of Paycor HCM Inc.
The donation, made through the Paychex Charitable Foundation, was presented during a visit to the city by Paychex president and CEO John Gibson and Paycor senior vice-president Adam Ante. The two were in town to mark the closing of the acquisition earlier this week.
Investment in local impact
The gift reinforces Paychex’s strategy of contributing to communities where its employees live and work, said Gibson. It also underscores Cincinnati’s new importance to the company as a strategic location and ongoing base for Paycor.
“Making a positive impact on the lives of those we serve and in the communities where our employees live and work is an important part of who we are at Paychex,” said Gibson. “We’re excited about the important role Cincinnati will play in the future of our company.”
The United Way said the funds will help further its work on financial empowerment, youth development, and long-term housing stability.
“We rely on a network of partners to create positive, lasting change, and we are excited Paychex is joining us in this important work,” said Moira Weir, president and CEO of United Way of Greater Cincinnati.
Employee-directed giving to follow
In addition to the United Way donation, Paychex committed $100,000 in funding to causes important to Paycor employees. An internal nomination and voting process will launch in late April to determine how the funds will be distributed.
Last year, the Paychex Charitable Foundation awarded 120 grants totaling $2.3 million to non-profit organizations across the U.S.
Gibson said the company shares United Way’s commitment to building a stronger community.
“We believe that supporting local United Way organizations is one of the most significant ways we can make an impact locally,” he said. “We look forward to continuing to engage with the community, support local initiatives, and contribute to the overall economic growth and well-being of Cincinnati.”
