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GM Lordstown plant to add 1,000 new jobs
3 June 2008
General Motors announced plans to add an extra shift to its small car plant in Lordstown, which is expected to bring over 1,000 jobs to the Mahoning Valley. GM’s Lordstown plant was adopted to produce cars that fit with the changing times. The plant produced different sizes of cars including the Chevrolet Impala, Bel Air, the Vega, Monza and the Chevrolet Cavalier.
Smucker acquires Folgers brand for US$3.3 billion
4 June 2008
J.M. Smucker, the Orrville jelly maker company is buying the Folgers coffee business from Procter & Gamble, the Cincinnati based company in an all-stock deal worth US$3.3 billion. With the addition of Folgers, Smucker’s US$2.5 billion in annual sales are expected to increase to nearly US$5 billion.
Ohio boosting its polymer sector
4 June 2008
The State of Ohio is looking for ways to merge its agriculture and polymer industries.
Ohio is one of the leading polymer producers in the country and the state aims at maintaining its dominance in the field of polymers that produces countless products.
According to Ohio Governor, Mr. Ted Strickland, Polymer is an area where the country can expect growth and job creation. So, with recommendations approved recently by a state task force, Ohio is trying to merge its No. 1 industry, agriculture at US$93 billion, to its runner-up, a US$49 billion polymer sector that employs 140,000 people.
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Rolls Royce plans an investment of US$22 million in local plant
5 June 2008
Rolls Royce announced that it will invest about US$22 million in its Mount Vernon site and expects to create around 100 jobs. The investment is expected to benefit the local plant’s gas turbine and compressor manufacturing, and assembly and test facilities. The company’s investment will be supplemented by a US$1 million grant recently awarded to the company by the Ohio Department of Development.
Report states Ohio hospitals offer billions in community care
10 June 2008
A report released by the Ohio Hospital Association stated that Ohio hospitals offered over US$1.8 billion in community service in the year 2006, a figure that is higher by US$300 million from 2005. The report includes figures from 174 of the state’s 178 hospitals, which are mostly nonprofit centers.
Wind industry vying to be the next energy source
5 July 2008
Wind power industry is seen as the next big industry coming to the State of Ohio. The development of wind energy could provide incredible growth in manufacturing jobs in the State and provide landowners with the chance to use wind as a cash crop as well.
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Wind firm to strengthen power projects
10 June 2008
A Cleveland-based unit of Juwi Gmbh, Juwi Wind US Corp., and Schneider Power USA Inc. of New York has joined hands to develop US$750 million to US$850 million of 300 megawatts wind power projects in the Northeast, Midwest and Texas. Juwi Wind US Corp. is a German firm, which had won a US$1 million contract earlier this year from the Great Lakes Energy Development Task Force to study wind off Lake Erie.
Potential for 'green' jobs rising in Northeast Ohio
13 June 2008
A new study has revealed that more than half-million Ohio workers hold jobs that could benefit ‘green industries’, which is a good sign for potential investors. The report states that there are 14.3 million workers nationwide and 551,000 workers in Ohio who could see new job opportunities and wage increases from the growth of environmentally friendly industries. The Ohio Department of Development confirms Ohio's leading role in green technologies, and stated that it is a good time for investors to fund in local projects.
Southview Hospital is opening region's first hand surgery center
13 June 2008
Southview in Washington is part of the Kettering Health Network, which operates Southview hospitals in Dayton amongst other things. The Southview hospital is building the regions first hand surgery center. The hospital spent over US$70,000 on new signs in 2005, US$4 million on three new surgery rooms and pre- and post-operation areas in 2006, US$14 million on the physician-owned Yankee Medical Center in 2007, US$3 million on general campus improvements in 2007 and an additional US$500,000 in emergency department upgrades in 2007 and 2008.
Macy restructures to get closer to individual markets
13 June 2008
Amongst the many moves adopted by Macys to restructure the 850-store retail chain, the most dramatic one was the ‘My Macy's’ program. This broad-scale restructuring effort helped executives at every level to be in charge of fewer stores and thereby be able to keep in touch more closely with individual markets.
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Beavercreek receives US$739K grant to boost business area
16 June 2008
The city of Beavercreek, Ohio received a roadwork improvement grant of over US$739,000 in support of the development of the Regional Center West business area. The grant is administered by the Ohio Department of Development, and approved by the State Controlling Board to provide assistance to communities for highway and road projects related to job creation and retention.
Maumee firm creates electric vehicle model
16 June 2008
Maumee engineering firm is introducing the new ZAP Alias, a three-wheeled, all-electric vehicle with a capacity of accommodating two persons. With the high rise in gas prices, companies are now seeing this as the right time to launch electric cars. The Alias, which ZAP plans to sell next year for about US$33,000, has two seats side-by-side, three wheels, and a power pack that relies on advanced lithium-ion batteries. The electric car is intended as a second car and families generally use it for driving short distances.
ITC imposes import duties on Chinese welded steel pipe
June 21, 2008
US based manufacturers of steel product called circular welded pipes will benefit from a federal ruling, which causes import duties to be imposed on competing Chinese products. The International Trade Commission (ITC) decided that U.S. manufacturers of the welded pipe have been harmed by imports that have been dumped below-cost in the US and have been unfairly subsidized by the Chinese government. The exports of circular welded pipes from China have increased to 750,000 tons in 2007 from 10,000 tons, which resulted in the loss of 500 jobs in the United States.
Grants of 1.2 Million offered to push entrepreneurship
25 June 2008
The Burton D. Morgan Foundation of Hudson, Ohio has announced US$1.2 million in grants, targeted mainly at young people in Ohio to engage students in entrepreneurship education to encourage economic independence.
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Chrysler cars to go wireless
26 June 2008
Chrysler LLC vehicles will soon carry the option of being wireless Internet hot spots. This feature as per a company announcement would be available as part of its ''uconnect'' system that will debut in 2009 Chrysler, Dodge and Jeep models.
Goodyear to invest US$1 billion annually in plants
27 June 2008
Akron, Ohio-based Company Goodyear Tire & Rubber Co. plans to invest about US$1 billion annually through 2010 to expand and improve plants. The company officials said that the company would focus more on international growth markets such as China, Russia and Brazil.
Manufacturer look upon fuel cell industry
29 June 2008
The State of Ohio supports the development of the fuel cell industry. In March, the Ohio Department of Development announced US$8.9 million in grants for fuel cell research projects, including a grant of over US$977,270 for Crown Equipment Corp. to carry on its two-year program to qualify lift trucks for use of fuel cells as battery replacements.
Crown Equipment Corp. is one of the world's biggest manufacturers of powered lift trucks. The company is working with fuel cell power pack makers to adapt the trucks so that they can be powered by fuel cells that would help commercial customers save time, money and warehouse space. The State of Ohio is financially supporting and backing Crown's research.
Chipotle to buy Ohio-grown produce
30 June 2008
Denver-based Chipotle Mexican Grill, the 750-restaurant chain is willing to buy seasonal green bell peppers, jalapeno peppers and romaine lettuce from Holthouse Farms in Willard, in north central Ohio, to serve in its restaurants in Ohio and bordering states.
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B&W plans to expand research site
30 June 2008
Babcock & Wilcox (B&W) is planning to expand its research and development facility in South Van Buren Avenue that opened last year. The new US$11.8 million addition to the US$14 million, 55,000-square-foot building will help develop a promising technology to scrub carbon dioxide from smokestacks.
KSU receive US$2M to boost Biotech training
1 July 2008
Kent State University (KSU) has received a US$2 million grant from the Ohio Innovation Partnership to train people for biomedical and biotechnology jobs. The grant will offer scholarships for students at Kent State, Stark State College of Technology and Cuyahoga, Lakeland and Lorain County community colleges.
State funding institutions to advance high-tech fields in Ohio
3 July 2008
Several northwest Ohio colleges and universities are being funded by the State to work together on projects that will enhance state goals in the areas of Science, Technology, Engineering, Mathematics, and Medicine, also known as STEM fields. The Choose Ohio First Scholarship Program strives to recruit and retain talented Ohio students in these areas.
Northeast Ohio industrial sites in huge demand
7 July 2008
A new report by the Northeast Ohio business attraction group Team NEO says that the Northeast Ohio industrial sites are in great demand. And one of indications of the fact is that the amount of unused industrial space in Akron has been halved in the past four years.
Cleveland, Ohio focuses on manufacturing
10 July 2008
Despite increasing competition, the Great Lakes region in Ohio is still regarded as a worldwide force of manufacturing, which remains the largest of Ohio's major economic sectors. As per the Ohio Department of Development, manufacturing makes up over 19.3 % of the State's Gross Domestic Product.
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Cleveland’s clinic rates No. 1 in heart care yet again
11 July 2008
The latest hospital rankings by U.S. News and World Report has ranked the Cleveland Clinic as fourth amongst the nation’s top hospitals and number one in heart care for the 14th straight year.
Miba plans expansion announcements
13 July 2008
The Miba Corporation, a McConnelsville, Ohio based engine-bearing manufacturer is expanding its operations to add 60 new jobs at their McConnelsville plant. The State of Ohio recently awarded the manufacturing company tax credits to allow business expansion.
Parker wins contract worth US$3.5 billion with Bombardier
18 July 2008
Cleveland based company Parker Hannifin Corp. revealed that the firm could earn about US$3.5 billion over the next 10 years by signing a contract to develop and manufacture flight control systems for a new Canadian commercial jet. The deal with Bombardier Inc. is going to be the biggest commercial contract in Parkers history.
Biodiesel firm setting up in Mansfield
20 July 2008
Arlington Energy is testing batches of biodiesel fuel in preparation for a grand opening. The company is willing to use waste cooking oil and animal fats to produce safe and environmentally friendly fuel.
Ohio ranks 4th in biotechnology
26 July 2008
Business Facilities Magazine ranked Ohio fourth in its 2008 Biotechnology Strength Report. Pennsylvania took first place, ahead of California and Massachusetts. Ohio tied with Texas for fourth.
Bioscience job growth in Ohio twice the national rate
27 July 2008
According to the Biotechnology Industry Organization's trend report, Ohio's bioscience employment grew at more than double the national rate in pharmaceuticals and medical research and testing from 2001 to 2006. Growth in the State's academic expenditures in bioscience research has also doubled that of the national rate.
Ventech Solutions wins Governor’s Excellence Award in Exporting
30 July 2008
Ventech Solutions, Inc., has received the 2008 Governor's Excellence in Exporting Award for its success in exporting software from Ohio to Asia. Ventech Founder and CEO, Mr. Ravi Kunduru accepted the award from Ohio Governor Ted Strickland and Lt. Governor Lee Fisher at a ceremony held on 29 July 2008 at the Ohio Statehouse Atrium in Columbus.