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Wind power has many benefits
14 November 2008
Wind power is offering immense opportunity for economic development in rural areas to replace the need for housing developments. Besides other things, wind turbines also create short term and long term jobs while being erected, which is one of the reasons why wind power is seen as a boon. Wind turbines can provide a different strategy for economic development as they can generate electricity-and money for the community-while allowing land to remain in agricultural production.
Development department working hard to promote alternative energy in the state
14 November 2008
The leaders of the Ohio Department of Development are traveling across the state to create awareness and promote the state's efforts to become a leader in the manufacturing of parts for alternative energy sources like wind mills. The department is also hosting a series of 10 seminars throughout the state to encourage interest of business owners to step into the alternative energy industry or related fields. The seminar will offer all the information on tools, resources, and financial assistance etc. on the alternative energy industry.
Ohio Grants US$ 73,000 for Solar project
17 October 2008
The Ohio Department of Development's Advanced Energy Fund has offered a grant of US$73,000 to initiate a US$ 200,000 project, one of the largest solar projects in Ohio, on the new rooftop solar panels of Findlay Market Corp. The 114 solar panels, installed by Third Sun Solar and Wind Power, can each generate up to 190 watts of direct current. The solar project is expected to reduce the market's electric bill by about 5 % and reduce its carbon dioxide emissions by 52,000 pounds a year. This project will also help to educate visitors on renewable energy benefits.
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Goodyear project receives state grant
14 November 2008
Goodyear receives state grants for its headquarters project and North Canton Hoover Campus Redevelopment Project. The State of Ohio awards US$2 million for Goodyear’s new headquarters and research center in Akron. On the other hand, the North Canton Hoover complex plan receives US$5 million as grants.
Auto-part firms being convinced to get into alternative energy tooling
11 November 2008
The Ohio Department of Development is trying to convince automobile companies to use their expertise for building components for the alternative energy sector. People from different fields such as business, government, and economic development spoke with Ohio State government officials to outline the incentives available to help companies to enter the alternative energy supply chain.
The emerging companies in solar cells, ethanol plants and wind turbine manufacturers show the growth of alternative energy in Ohio and the opportunities for existing companies.
Chevrolet's Camaro coupe revived
6 November 2008
Chevrolet revived its 2010 Camaro coupe, its iconic sports car, which will be on sale early next year with plenty of power and at an affordable price. As per a General Motors announcement, the sale would start at an affordable price of US$22,995 for the base V-6 model, while the cost of performance-oriented V-8 SS model will begin at US$30,995.
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Columbus receives grants to explore airport development
31 October 2008
Columbus received a grant of US$50,000 from the Ohio Department of Development to explore an airport development corporation. The grant is part of a US$1 million grant program set up through a municipal reform amendment in the state’s US$1.3 billion capital bill. The grant is expected to promote economic development in and around Port Columbus.
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Ohio grants US$100 million to expand Logistics
24 November 2008
The state of Ohio announced a US$100 million investment in the state’s logistics and distribution industry to create new jobs in the state. The investment program is part of the US$1.6 billion Ohio Bipartisan Jobs Stimulus Plan and is expected to create a seamless multimodal transportation infrastructure so that Ohio companies can expand their customer bases. Thus along with bringing business, it will also bring more jobs into the state and will increase the amount of taxes.
Training grant offered to Southwest Ohio
21 November 2008
Southwestern Ohio will receive a National Emergency Grant of US$3.87 million in response to DHL's closure of its Wilmington facility due to the current economic situation. The grants are awarded by the U.S. Labor Secretary to expand the ability to provide additional job and skills training to help communities hit by significant economic events. The Ohio Department of Jobs and Family Services have also opened a business assistance center in Wilmington, offering a number of services to workers, including job counseling.
Venture capital firm guarantees US$467,000 to local firm
21 November 2008
Rocket Ventures, the venture-capital fund operated by the Regional Growth Partnership, is investing US$467,000 in AquaBlok Ltd., a start-up company in Maumee.
The firm has developed a clay-like material that can be used to keep contaminated sediment out of wells, ponds, lakes, and rivers.
Eaton receive US$170 million Incentives for New HQ
19 November 2008
Eaton Corp., a leading diversified industrial manufacturer, has received another incentive package toward its construction of a US$170 million new headquarters here in the Chagrin Highlands area. The company, which is now set to receive more than US$76 million in state, county and local funds, is the recipient of a US$6 million Rapid Outreach Grant for the costs of the construction of the 470,000-square-foot office project.
Ohio ranked No. 44 for competitiveness
19 November 2008
A report from Boston-based Beacon Hill Institute ranked Ohio 44th overall for its competitiveness. The measurement was done on the basis of a combination of individual grades on government and fiscal policy, security, technology, environmental policy, technology research and other factors. Ohio’s individual rankings were a mixed bag in the report, with its security ranking at No. 10 in the nation and infrastructure leap to No. 19.
Nestle opens new center of product development in Solon
17 November 2008
Nestle Foodservices that operates an extensive prepared-food production and packaging plant in Solon, opens a new professional food service product-development facility on Bainbridge Road.
The new facility housing 67,000 square feet of offices, conference rooms, culinary laboratories and test kitchens will enable the company to conduct detailed meal- and menu-development sessions with its highest-volume customers.
Techneglas site receive US$5 million
14 November 2008
The former Techneglas plant on the South Side is getting US$5 million from the state of Ohio to renovate its site. The Techneglas plant is one of the dozen projects that will get a total of $50.5 million in grants from the state.
Ohio grants US$19 million for economic development
13 November 2008
Five Northeast Ohio projects have received US$19.1 million in grants for economic development from the State of Ohio. The grants are designed to make infrastructure improvements for planned developments and for the development of urban property.
Plastics Company repackages itself
11 November 2008
One of the leading international suppliers of high-performance plastic compounds and resins, A. Schulman Inc., has long been relying on automotive customers for a huge portion of its North American sales. Now, the Fairlawn plastics company also plans to shift its focus to packaging of everything from heads of lettuce to shampoo and so on. The company even hired a consultant, CRA International of Boston, to help chart its new course and hopes to have a plan in place later this month.
Businesses focusing on environment
10 November 2008
The last few years have seen many companies and organizations constructing or renovating buildings based on the Leadership in Energy and Environmental Design Rating System, commonly known as the LEED certification. Of late, two large area companies have built structures seeking LEED certification. FirstEnergy's new West Akron campus is believed to be the largest of Akron's first big green office buildings.
On the other hand, the J.M. Smucker Co. in Orrville has renovated its J.M. Smucker Store and Café and has received LEED certification for it. The company has also constructed a new office building at the food company's headquarters under the same certifications, which is in the final stages of examination.
Blue Ash forms new Life Sciences Collaborative
7 November 2008
The city of Blue Ash in Ohio has formed the Blue Ash Life Sciences Collaborative to promote the city’s emerging life science cluster and attract large number of companies.
As per an industry report, health care followed by the energy/utilities sector and life sciences are the top listing fields for career opportunities at executive levels that are expected to see the most growth in the coming years.
As per Blue Ash Economic Development Director Ms. Judy Clark, Blue Ash Life Sciences Collaborative expects to help the city thrive during these difficult economic times.
Wisconsin firm to bring 300 jobs to Springfield
4 November 2008
A Wisconsin-based company named CodeBlue is planning to launch a project and set up an office in Springfield, Ohio. If everything goes well, Springfield is supposed to receive over 300 new jobs soon. The company is working with state and local officials on the possible project and is strongly interested in setting up an operation in Clark County.
Red Roof providing incentives to franchisees
3 November 2008
Columbus-based hotel chain, Red Roof Inns Inc., is counting on a sleek and simple hotel redesign to be a major part of the chain in the future. Red Roof has rolled out an incentive package for its NextGen redesign that includes a US$50,000 credit to offset fees, a seven-year waiver on royalty fees and a 2 percent cap, down from 4.5 percent, afterward for the first 50 franchise deals.
Red Roof is rolling out the incentive just as it moves towards completion of a US$250 million renovation of its 350 hotels, more than 30 of which are in Ohio. The renovation is expected to be complete by 2009 fall.
Healthcare Innovative Solutions receive Small Business Enterprise of the Year award
30 October 2008
Healthcare Innovative Solutions (HIS) was recognized by the 5th Annual Medina County Business Awards (MCBA) as this year’s Small Business Enterprise of the Year. The IT Consulting Firm got the recognition for its long-term commitment to sound business practices in Operation, Management, and Sustainability.
Ohio aims to create innovation hubs
17 October 2008
Ohio Lt. Governor, Mr. Lee Fisher is identifying the state’s first innovation hub by the end of 2009. This move is expected to create jobs from the region’s robust industry clusters and research discoveries. The Ohio Hubs of Innovation and Opportunity (OHIO) program would create at least a dozen targeted investment zones near research centers and universities across Ohio.
Ohio’s innovation hubs will use proximity and a shared focus on industry clusters to maximize the impact of new ideas in such fields as bioscience, aerospace and aviation, environmental technologies and distribution and logistics.
Composite Advantage to have new manufacturing site
16 October 2008
Composite Advantage LLC showcased its advanced materials manufacturing facility in Dayton, Ohio on 17 October 2008. The 22,000-square-foot building will let the company add new products and mold larger fiber-reinforced polymer composite parts up to 52 feet.
The additional space also permits pre-assembly of parts that will significantly improve the efficiency and success rate of field installations.
Ohio and Jerusalem sign pact to share bioscience companies
16 October 2008
Government and economic development officials from Ohio and Israel have signed a partnership agreement that could pave the way for joint business development and investment in bioscience companies.
BioOhio, Ohio’s bioscience company developer, and BioJerusalem, a similar development organization in Jerusalem has signed this agreement that could lead to more biomedical companies and jobs in Ohio.
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