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Work continues to strengthen Ohio’s economy
July 27, 2010
Like in all the businesses and households across the US, the recession had its impact on Ohio as well and the state is working towards combating its effects. For this, Ohio has created many lucrative deals for companies like keeping Ohio’s taxes low, providing incentives for businesses to create new jobs and investing in the high growth, high-tech industries of tomorrow.
Over the past four years the state income tax of Ohio has been reduced by 16.8 %. Moreover, the Small Business & Entrepreneurship Council has certified Ohio best in the Midwest and 11th nationally for small business. Ohio is now one of two states that do not tax a business’ personal property or its corporate profits.
The efforts to strengthen Ohio’s economy have enhanced further job-creation initiatives and these efforts are keys to ensuring a brighter future for the state.
Manufacturing jobs still ample in Ohio
July 26, 2010
Despite layoffs and shutdowns, Ohio State ranked third in U.S. behind California and Texas in the number of manufacturing jobs in Ohio.
This is evident from the 2010 Ohio Manufacturing Counts report put together by Ohio Manufacturers' Association. The report showcases the importance of the manufacturing industry in Ohio.
As per the report, in 2009, Ohio ranked third in the U.S. for manufacturing employment with 614,500 jobs — or 5.3 percent of all manufacturing jobs in the nation. California claimed the No. 1 spot, with 1.28 million jobs, or 11 percent. Texas ranked No. 2 with 820,000 jobs or 7.1 percent.
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Toledo ranks amongst top 10 metro areas for goods sent abroad
July 26, 2010
A report by the Brookings Institution says that Toledo ranks among the top 10 metro areas nationwide in the share of it’s locally made products and services sent abroad. The report was on exporting in the nation's 100 largest metro areas.
The report says 15.8 % of the four-county Toledo area's gross metropolitan product that is sent to other nations is eighth highest among large cities in the United States. The rankings are based on 2008 data.
The report also states that Dayton features among the top 100 metropolitan areas for exports and export-oriented jobs. The report puts the value of exports from the Dayton metro area at US$4.7 billion, ranking the area at 56 for that measure. Key export industries include transportation equipment, machinery manufacturing, business and technical services and royalties from intellectual property.
Cincinnati’s consumer-marketing cluster to be named innovation hub
July 1, 2010
Ohio Governor Ted Strickland is soon expected to announce that Cincinnati’s consumer-marketing cluster has been chosen as a “Hub of Innovation” by the Ohio Department of Development.
Over the past one year, Cincinnati business leaders have been trying to convince the Ohio Department of Development to designate a Cincinnati hub for marketing. A hub designation comes with a US$ 250,000 startup grant. But the more important contribution is the acknowledgement that Ohio recognizes the marketing cluster as a development opportunity.
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Akron designated an 'Ohio Hub of Innovation and Opportunity'
July 19, 2010
Ohio Governor, Mr. Ted Strickland designated Akron an "Ohio Hub of Innovation and Opportunity" focused on biomaterials, orthopedics and wound healing, a move aimed at attracting more biomaterial companies and investors.
The State of Ohio is investing US$ 250,000 to support the Akron Biomaterials Commercialization Hub, which clusters the region's healthcare entities into a single planning district meant to raise the region's global profile in polymers and materials science as well as medical research. The hub will be part of an existing Akron Biomedical Corridor.
Colorado Biomedical Company to launch project in Ohio
July 13, 2010
Lanx Inc. (a Colorado biomedical company) has selected Ohio as the location to launch its Lumbar Motion Monitor Commercialization project. The company said the state's biomedical industry and support from programs like Ohio Third Frontier influenced the decision.
In June, Ohio Third Frontier awarded Lanx US$ 1 million for its Lumbar Motion Monitor Commercialization project. Lanx, currently located in Broomfield, Colorado, will form a new Ohio-based division located in Columbus, Ohio to finalize the design and commercialization of a device to measure range of lumbar motion in patients with back injuries.
Ohio Third Frontier, and the strategic investments made by the program to bolster Ohio's biomedical imaging industry, serve as a national model for success and are the primary reason behind Ohio's position as a national hub for innovation and opportunity in the thriving biomedical industry.
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West Chester named one of the best Places to Live in
July 12, 2010
West Chester in Ohio has been named amongst America's Best Small Cities to live in. The Money Magazine's 2010 list of Best Places to Live has ranked West Chester at No. 32 on a list of 100.
The magazine cited West Chester's abundance of festivals, active town center and community concerts. It also noted "the town’s prime location and the presence of many corporate employers.
The only other Ohio city to make the list was Mentor, at No. 37. The magazine chose Eden Prairie, Minnesota, as the nation’s best city, citing its family-friendly environment and “dynamite economy.”
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Wind
Timken receives US$ 26 million Wind Energy contract
July 28, 2010
The Ohio based Timken Company has received a contract worth US$ 26 million to supply wind turbine products and services to China's Xinjiang Goldwind Science & Technology Company, one of the world's top five wind power equipment manufacturers.
The agreement reinforces Timken's position as a leader in the sector, providing a customer-focused breadth of bearings and gearbox systems for multi-megawatt wind turbines. Timken supplies a broad range of wind-power solutions for the global market.
Solar
Ohio’s Solar and Wind projects receives US$ 13 million
July 28, 2010
Governor Ted Strickland announced that 25 Ohio projects will receive more than US$ 13 million in grant awards funded through the American Recovery and Reinvestment Act’s State Energy Program.
These renewable energy awards are the first to be awarded from Ohio’s US$ 96 million State Energy Program, which was accepted by the U.S. Department of Energy on June 26, 2010.
Public and private entities will use the funds to install wind electric, solar electric and solar thermal technologies at businesses, schools, parks and other public locations throughout Ohio.
Matrix Technologies Installs Solar Array in Toledo headquarters
July 12, 2010
Process design and automation firm, Matrix Technologies Inc., with corporate headquarters in Maumee (Toledo), Ohio, has made an investment in solar energy at their headquarters.
The new solar array will be installed on the rooftop of the Matrix-owned office building and will be coordinated by Matrix Technologies’ engineers.
The solar array will be comprised of solar panels built by First Solar. In keeping with the philosophy of using local resources, Matrix will also utilize local construction manager Romanoff Electric to perform the installation of the equipment.
The investment in solar technology follows the company’s core competency in the engineering and technology marketplace.
Ohio Governor designates NW Ohio as the solar energy hub for the state
July 1, 2010
Gov. Ted Strickland designated northwest Ohio as the solar energy hub in the state to help attract new solar-related investment and jobs.
Northwest Ohio as the solar energy hub will now join Dayton as the aerospace hub and Cleveland as the health and technology hub.
The governor's designation includes a US$ 250,000 grant to spark new connections between researchers, entrepreneurs and manufacturers.
The hub project also targets to speed-up the process of getting solar-related research into the marketplace. In the future, the solar hub can be expanded into an alternative energy hub.
Advanced Energy
Ohio Third Frontier releases RFP to fund advanced energy projects
The Ohio Third Frontier, administered by the Technology Division here at ODOD, has released three Requests for Proposals (RFP) to fund projects in Advanced Energy, Fuel Cell and Photovoltaic industries. Letters of Intent are due September 10; full proposals are due October 7. Awards will be made in January 2010.
Specific information on each can be found
here: http://www.thirdfrontier.com/ProgramDescriptions.htm
A non-Ohio entity (including foreign entities) would need to partner with an Ohio entity to be considered for an award under the Ohio Third Frontier.
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