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Archive
Bangalore’s Cranes Software’s subsidiary collaborates with Rescentris of Columbus, Ohio
20-May-2009
Bangalore based company Cranes Software has announced that its subsidiary Systat Software, Inc., (SSI) has entered into an agreement with Rescentris, Inc. of Columbus, Ohio. The companies have collaborated to globally offer their joint product, SigmaCERF T - an Electronic Lab Notebook (ELN) and knowledge management platform for life science research organizations.
The award-winning CERF technology brings flexibility, collaboration, and security to major research organizations and boosts R&D performance through a variety of unique capabilities.
Ohio showcases at BIO 2009 to Attract Bioscience Interest towards the state
11-May-2009
Officials from BioOhio, the Ohio Department of Development, and four of Ohio's leading bioscience companies had come together to showcase Ohio's assets and business advantages at the BIO 2009 Convention in Atlanta that took place during 19 to 21 May ‘09.
The "Ohio: State of Perfect Balance" exhibit booth informed and educated attendees from every U.S. state and dozens of countries about everything on Ohio's growing bioscience industry.
Ohio has nearly 1,200 bioscience-related entities including start-up companies to Fortune 500 companies that operate in the state. Battelle, Eurand, Diagnostic Hybrids, and Amylin Ohio, four Ohio-based companies had featured areas within the Ohio booth.
Ohio’s leadership position in logistics industry increases its bottom line
8-May-2009
There are many things that make the state of Ohio a perfect destination for companies to invest in. For example, Ohio's central location, its strength in transportation and logistics etc., offer companies the ability to maximize flexibility while reducing supply-chain costs and increasing the outcome.
This environment makes the state perfect for growth and capital investment in the logistics industry.
Located in the middle of the North American population, Ohio offers superior distribution opportunities throughout the United States and Canada. This strategic location is strengthened by an established logistics infrastructure including international airports, an extensive highway network and expansive railroad service. In addition, ten Foreign Trade Zones (FTZ) reduce costs and level the field for global companies.
Cleveland Mayor talks trade in Italy
5-May-2009
Cleveland Mayor, Mr. Frank Jackson has returned from his fourth international trip to Vicenza, Italy to stimulate business for Cleveland. He met with several companies intrigued with possibilities in Cleveland, including ONDA, a maker of components for air conditioning and refrigeration systems that has no U.S. operations. Mr. Jackson had earlier been to Costa Rica, France and Germany for similar purpose.
Ohio launches a new website to help businesses
1-May-2009
The state of Ohio along with the Ohio Business Development Coalition has officially launched ohioinsite.com, an on-line tool for companies looking for business locations or entities with sites to offer. The website will assist companies looking for locations or having sites to offer. It will also help in providing more detailed information for businesses looking to relocate to the area.
The site also provides specific data on the surrounding location in the form of workforce, demographic and business data.
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ODOD receives the 2008 Site Selection Competitiveness Award
May 2009
Just a few weeks after winning the Ohio's third consecutive Governor's Cup Award, Ohio Governor Mr. Ted Strickland's office joins the Ohio Department of Development (ODOD) to claim a key economic development award for previous-year capital investment performance.
This recognition goes to the state-level economic development agency that accumulates the most points across 10 criteria that measure business-expansion activity.
All the criteria’s are based on project data tracked by Site Selection publisher Conway Data's proprietary New Plant database.
To qualify in a given category, a state must finish in the top 20, at which point it is assigned points according to where in the top 20 it ranks.
Ohio finished first with 142 points, which is a 40-point increase over its fifth-place finish the previous year. North Carolina finished second with 125 points and Michigan placed third with 123.
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Wind Energy Association urges Ohio to change its tax setup
23-May-2009
A national wind energy trade group called American Wind Energy Association has suggested Ohio leaders to consider changing the state's tax policies to attract wind energy developers and to compete with neighboring states offering lower taxes.
Ohio's existing tax method could be a hurdle in enhancing the amount of electricity that comes from renewable sources in Ohio.
The association wrote a letter to Ohio Governor, Ted Strickland saying that the state could charge a production tax on electricity generated by wind turbines, rather than a tangible personal property tax on an electric utility's equipment.
The association further stated that neighboring states like Michigan, Indiana, Illinois, Pennsylvania and West Virginia have already reduced or eliminated that tax, thereby making them more attractive to potential wind energy developers.
Wind turbines industry is blossoming in U.S.
20-May-2009
The wind turbines industry and the concept of “small wind” is suddenly becoming very popular and emerging as a U.S. growth industry.
Amongst other things, one of the reasons for this growth is that the Ohio Department of Development is offering grants of up to 40 % of the installation costs of wind turbines and a 30 % tax credit on the cost of a wind project.
Ohio companies along with ODOD promote state at American Wind Energy Association convention
7-May-2009
Ohio companies and Ohio Department of Development (ODOD) has strived hard to put Ohio at the forefront of the exploding wind-energy industry by participation in the largest U.S. wind conference held at the American Wind Energy Association convention in Chicago.
Seventy Ohio companies opened booths at the show. The ODOD built a large display advertising more than 500 manufacturing companies in the state ready to churn out components for wind turbines.
Midwest governors joined hands to promote wind energy
5-May-2009
Midwestern governors of US including Ohio Gov., Mr. Ted Strickland gathered together to promote wind energy to boost the region's sagging industrial economy. The governors noted in the gathering that the nation must first launch a coordinated effort to revamp its electrical grid so as to tab the country’s wind energy potential.
Mr. Strickland said that the nation was on the verge of a breakthrough in producing power. According to Mr. Strickland, Renewable energy will bring jobs to the country and wind energy is the best industry to create jobs at present.
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Tax incentives has raised prospects of 1,150 new jobs in Columbus
22-May-2009
JPMorgan Chase bank in Columbus is expected to bring 1,150 new jobs to central Ohio. The bank has recently received three tax incentives packages of a total amount of over US$20.5 million. The Columbus Department of Development has passed these incentives in lieu of bringing these additional jobs to the city.
Report says jobs in high-tech industries rising in Northeast Ohio
20-May-2009
As per a report, despite recession jobs in high-tech industries have been rising in Northeast Ohio and statewide. About 9.1 % of the nearly 2 million jobs in Northeast Ohio last year were in high-tech industries. From 2004 through 2008, jobs in high-tech industries jumped 3.7 %, to 6,499 jobs.
The average wage for Northeast Ohio's high-tech labor market is US$70,075, almost double the wage for non-high tech industries in Northeast Ohio, at US$37,297.
As per study, tax cuts and breaks help Ohio land more jobs
4-May-2009
An analysis as part of a comprehensive review of the tax incentives that Ohio offers for new economic development concludes that the tax changes have increased the state's competitiveness with selected states by up to 20 %.
The study also raised concerns about the tax-incentive programs that the state uses to lure jobs and made a host of recommendations for changes, including revamping how the state tracks and reports results.
The study calculated the tax costs and value of the incentives that Ohio offered to businesses before and after the tax changes, then compared Ohio with the contiguous states of Michigan, Indiana, Kentucky and Pennsylvania along with Alabama and North Carolina, two states with which Ohio competes heavily for projects.
The analysis noted that there are limitations with such a comparison but concluded that Ohio fares better against most states after the changes.
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3 Israeli medical device cos receive US$1 million to start production work in Ohio
25-May-2009
The Global Cardiovascular Innovation Center, Cleveland has invested over US$1 million in three Israeli medical device companies namely Cardiostar Ltd., Sensible Medical Innovations Ltd. and Vasostar Ltd to develop their products in Ohio.
Cardiostar and Vasostar have formed joint ventures with the Frantz Group in Mentor, Ohio, to further develop their products. The companies initially are planning to hire three-to-five workers. If their products are successful, each could employ 20 to 30 employees.
Columbus-based Polymer company gets US$4.9 million grant
18-May-2009
Zyvex Performance Materials, a reputed polymer company has received a US$4.9 million grant from the state of Ohio. Two years back, the Ohio Department of Development had convinced Zyvex Performance Materials, to leave Dallas, Texas and open its office in Columbus, Ohio.
The company says that the money will help them get its product to the market faster and also create additional jobs.
Zyvex creates a high-tech product called carbon nanotube technology, also referred to as CNT, which goes into everything from boats to baseball bats.
Huntington offers US$1 billion for Ohio business
6-May-2009
Huntington Bancshares Incorporated, a US$52 billion regional bank holding company headquartered in Columbus, Ohio announced that it will offer US$1 billion loan to many small and medium-size Ohio businesses that are fighting recession over the next three years through the Ohio and Huntington Job Growth Partnership.
It is expected that Huntington's program will help hundreds of Ohio companies retain employees and bring additional jobs to the state.
Dayton companies receive state funds to create 200 jobs
4-May-2009
As per an official announcement, two Dayton area companies received about US$750,000 in Ohio grants to create more than 200 jobs.
The Ohio Department of Development has granted a sum of US$350,000 to Ohio’s Greene County to build roads in the city of Xenia, Ohio to make it smooth for Beavercreek-based Cornerstone Research Group to move into the city.
Xenia is expected to construct a road that will connect two key routes southwest of the US-68/US-35 interchange. This US$3 million project will support the creation of 135 positions and the retention of 75 jobs in Ohio.
The project will allow Cornerstone Research to move from its current location in Russ Research Park, Beavercreek, to the Xenia site that offers it space to expand.
Besides, the city of Middletown will also receive a sum of US$400,000 as grant to complete public roadwork improvements in support of Middletown Coke Co. Inc.’s expansion project there.
Ohio approves grant for Mars Petcare Inc.
4-May-2009
Mars Petcare US Inc., the pet food maker company will receive a US$25,000 Rapid Outreach grant to help pay for US$8.1 million worth of machinery and equipment for a planned expansion in Columbus, Ohio. Earlier in March, the company has also received approval for a seven-year, 50 % state tax credit in support of the US$10 million plan to expand its 5115 Fisher Road plant in Ohio. It’s also in line for a US$20,000 Ohio Investment in Training Program grant. The company in its application said the project could create 25 jobs and retain 430.
The Ohio State Controlling Board has approved several grants designed to entice businesses to grow in Ohio.
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