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Archive
Ohio’s rank improved in CNBC business-climate ranking
24-July-2009
CNBC recently released its annual “America’s Top States for Business” report, which ranked Ohio State on 29th position in terms of business climate. The report examines 40 different measurements and groups them into 10 large categories for the survey.
In two of the categories, namely transportation, and technology and innovation, Ohio was placed in the Top 10 positions. This is for the first time that Ohio had two top 10 scores in the ranking categories.
The state ranked No. 2 in the nation for its transportation system and 10th in technology and innovation. The Buckeye State, Ohio also ranked high in education, and was placed in the 15th position.
Youngstown, Ohio listed as one of ‘10 Best Cities to Start a Business’
22-July-2009
Entrepreneur Magazine (based in California) lists the city of Youngstown, Ohio in its ‘10 Best Cities to Start a Business’ category. The magazine terms the Youngstown city as ‘The Dreamer’. It lists Youngstown with cities like Austin (Texas), Madison (Wisconsin), Chapel Hill (North Carolina), etc. This title is totally re-branding Youngstown to be a young, hip, tech and green city.
Poll suggests Westerville, Ohio is 15th best place to live in U.S.
15-July-2009
CNN's Money magazine has again listed Westerville City in Ohio as one of the top 100 places in America to live in. In fact, Westerville is the only City in central Ohio municipality to enter the list. This is the second time the city has made it to the list. Earlier in 2007, Westerville was ranked 46th.
The reasons cited by the magazine for Westerville's inclusion on the list are business growth and a cozy feel.
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Wilmington goes 'green' to attract companies in alternative energy
16-July-2009
The city of Wilmington seeks to increase green investments to designate itself as a ‘Green Enterprise Zone’. This step, the city hopes, will promote job creation by attracting companies in energy conservation or alternative-energy fields.
With this designation, Wilmington also want to establish a program in which the city would provide matching grants to help existing businesses to encourage energy efficiency and use of energy from sustainable sources, including solar, wind, grains and grasses.
Firm promoting renewable energy in Northeast Ohio
9-July-2009
Energy Junction LLC, a new company launched in Ohio, is soon expecting to become the center for renewable energy and energy efficiency for Northeast Ohio. The company is providing sustainability and renewable energy opportunities to Cuyahoga Falls, Ohio and the surrounding communities.
Besides, the firm will promote wind and solar power for homeowners and businesses, develop energy education programs, and counsel workers who want to get jobs in renewable energy fields. The company aims to position itself as the pre-eminent Ohio renewable energy hub to create a clean energy future.
Athens based solar firm exploring plant sites in Ohio
2-July-2009
HelioSphera, an Athens, Greece-based solar panel manufacturer is looking for a site in Southwest Ohio for a more than US$50 million plant. It is expected that the plant would employ several hundred people. In order to support the company, the Ohio Department of Development has offered an incentive package to HelioSphera.
Supporters of wind-solar firms oppose changes in Ohio's renewable-energy proposals
1-July-2009
The supporters of wind and solar energy appealed to Ohio lawmakers not to make any amendments in the green regulations in Ohio's renewable-energy and efficiency legislation, which was adopted last year. The lawmakers are planning to permit burning waste from paper mills and coal methane gas, along with tires and trash companies to be called ''renewable energy''.
The regulation says that 12.5 % of all power sold in Ohio should come from renewable energy by 2025 and another 12.5 percent to come from so-called ''advanced'' energy sources, such as clean coal and nuclear power. It also offers to give renewable energy credits to solar and wind energy companies.
As per the renewable energy supporters, the amendments would give renewable energy credits for technologies that don't fall in this category. This, in turn, will send bad signal to the wind and solar groups and will backslide on the commitment that Ohio made to the renewable energy companies that Ohio is a good place to do business.
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Ohio Third Frontier offering new biomedical grants
17-July-2009
The Ohio Third Frontier program in Ohio is offering some new grants for biomedical companies and researchers in the coming year. Representatives of Ohio’s technology economy-development project visited Northeast Ohio and spoke about the ways in which local organizations and businesses can tap the US$133.5 million that will be available for grants in fiscal 2010.
Ohio Tax Credit Authority offers tax credits to Akron developer
1-July-2009
The Ohio Tax Credit Authority has approved Job Creation Tax Credits to a Summit County thermal engine developer, ReXorce Thermionics. The company has received a
50% job creation tax credit at a value of US$732,063 for seven years and is expected to create 59 positions and retain 18 jobs in Akron, Ohio.
Leis Medical receives tax credit, loan to expand facility
1-July-2009
A new report by the Ohio Department of Development says Medical device maker Leis Medical, part of IMDS, will use a US$1 million loan and a US$142,900 job creation tax credit to expand its facility in Vandalia, Ohio.
The company, which is located near Dayton, is planning a US$3.5 million project that should create 40 jobs and retain more than 260 positions.
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Ohio celebrates the opening of Nanotechnology Company
20-July-2009
Ohio celebrated the opening of a new company named NanoSperse LLC, which will provide nanotechnology for materials used to supply long-lasting parts for the aerospace industry. NanoSperse LLC licensed the technology from the University of Dayton in January 2004 and has worked on it all these years to get the company ongoing.
The Nanotechnology works on particles of substances, which are smaller than human hair fibers. These particles are introduced into existing materials to give them new properties, such as increased durability.
West Chester, Ohio working to retain Tech firm
15-July-2009
State officials of West Chester in Ohio are working towards retaining a technology research company named L-3 Communications Nova Engineering, which threatens to move to Indiana or Kentucky.
The company, which employees 140 people seeks to lease 65,000 square feet of space and consolidate its two facilities it currently runs in the township.
A subsidiary of New York-based L-3 Communications Holdings Inc., Nova Engineering plans to invest at least US$2.5 million in its new facility. According to the Ohio Department of Development, the company is expected to create another 60 jobs.
West Chester has provided several possible locations to the company, and is awaiting the company’s decision to stay.
Gateway Energy Services enters central Ohio
8-July-2009
Gateway Energy Services, a natural-gas marketer based in New York has begun selling energy plans in central Ohio. The company that entered the Ohio market in the Cleveland area in February is expanding into the territory served by Columbia Gas, which includes all of central Ohio.
Initially, Gateway will try to attract customers with a US$50-off coupon, and later will take to different marketing tactics to draw customers.
UltraCell to Build Fuel Cell Systems for UAV’s
1-July-2009
UltraCell Corporation, one of the leading producers of fuel cell systems, is planning to build Center for Unmanned Air Vehicles (UAV) Exploitation (CUE) in its Dayton, Ohio, manufacturing plant.
To start with, UltraCell is planning to build 10 units based on the company's XX25 Reformed Methanol Fuel Cell (RMFC) technology and it plans to expand production in the future.
The CUE, which is a collaborative effort between Dayton-area businesses, academic institutions and the Air Force Research Laboratory (AFRL), was developed to improve integration between UAV controls, wireless communications, advanced sensor technology and portable power.
UltraCell Corporation is headquartered in Livermore, California and has its Manufacturing, Regional Sales and Service unit in Dayton, Ohio.
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Avon Lake might get over 200 new jobs
9-July-2009
Avon Lake in Ohio might get over two-hundred jobs paying an average of US$21.50 per hour if plans for expanding a prescription mail-order company named Immediate Pharmaceutical Services are approved by the Ohio Department of Development and Avon Lake City Council.
Immediate Pharmaceutical Services has received a large contract that could justify a US$5 million expansion that would add up to 200 jobs. The Ohio Department of Development is offering the company about US$2 million worth of incentives and has directed Avon Lake to come up with US$98,000 worth of incentives to aid the company in its expansion process.
Dayton to receive 27 new jobs in nanotechnology by mid-2011
1-July-2009
Angstron Materials, a developer and manufacturer in the cutting-edge field of nanotechnology, is expected to hire new staff to produce a new type of advanced material at its north Dayton facility.
Angstron is planning to invest US$400,000 in machinery and equipment to expand its manufacturing unit and is expected to hire as many as 27 full-time employees in Dayton to its existing staff of four by mid-2011.
This expansion process is being supported by the Ohio government by granting the firm a sum of US$100,000 from its development fund.
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Meridian Bioscience again listed as one of America’s fastest-growing small companies
7-July-2009
Cincinnati, Ohio based company, Meridian Bioscience Inc., has announced that FORTUNE Small Business has ranked the company as No.34 on their ninth annual FSB 100 list of the fastest growing small public companies in America.
The report took into account companies with revenues less than US$200 million and a stock price of more than US$1 by their three-year annualized rate of revenue growth and return to investors.
Meridian is a fully integrated life science company that deals in manufacturing, marketing, and distributing of a broad range of innovative diagnostic test kits, purified reagents and related products and offers biopharmaceutical enabling technologies as well.
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