Ohio's ideal environment helps Bioscience companies thrive
June 16
BioOhio’s latest industry growth report states that Ohio is home to 1,345 bioscience entities in operation throughout the state, which includes Fortune 500 public companies as well start-up firms.
The bioscience industry in the State of Ohio is one of the fastest-growing industries in virtually all ways. The industry has been successful in investing capital, starting companies and also creating jobs.
The State of Ohio offers bioscience companies unique support to develop their businesses forward with a healthy business environment and industry collaborations.
From 2004 to 2010, Ohio attracted 413 new or relocated companies focused on bioscience and bioproducts, thereby accounting for an average of 59 companies each year.
Moreover, Ohio is located within 600 miles of 60 % of the U.S. and Canadian population and is within a one-day drive of 70 % of North America's manufacturing capacity, which is another favorable factor for an ideal environment for Bioscience companies.
The abundant access to capital through private sources and state programs, such as Ohio Third Frontier, further helps in the growth of Ohio's bioscience industry.
In addition, Ohio also provides a talented and committed workforce that serves the Bioscience companies.
Ohio scores an “A Grade” for manufacturing and logistics
June 14
According to the new Manufacturing and Logistics National report 2011, the State of Ohio earns a high score of an “A” grade in the manufacturing and logistics industry.
In fact, Ohio is one of the only two States to earn an "A" grade in manufacturing as well as logistics. The other is the State of Indiana.
The report is prepared by Ball State University’s Center for Business and Economic Research. The State is expecting that the ‘A’ grade will be an asset for Ohio.
The report also states that despite the fact that manufacturing nationwide is recovering from recession, manufacturing production is predicted to hit an all-time high in 2011-12.
As such, the future of manufacturing is very significant for the Dayton region because it represents over 100,000 employees in 12 local counties. Moreover, it also contributes US$ 4.7 billion in annual payroll and US$ 32 billion in annual sales.
The data for the reports are collected from the U.S. Department of the Census, the Bureau of Economic Analysis, Regional Economic Information System and the Center for Transportation Statistics, U.S. Department of Transportation.
Ohio improves ranking nationwide in world trade market
May 22
Ohio ranked 14th across the United States in the ability to adapt to an evolving global trade market. This has been stated by a study done by the Center for Business and Economic Research at Ball State University, Indiana.
The study was based on how well States have adapted to changing import demands by the 34 member countries of the Organisation for Economic Co-operation and Development (OECD) from 1999 to 2009.
It accounted the production of large amount of machinery, pharmaceutical, chemical, electrical and medical items, as well as other goods sought by members of the OECD.
The study examined the adaptability of individual State’ exports in relation to the changing demand of OECD.
Dublin, Ohio named as one of the most intelligent communities in the world
June 7
The city of Dublin in Ohio has been named as one of the top seven most intelligent communities in the world in 2011 by New-York based think tank, Intelligent Community Forum (ICF).
The selection is mainly done on the basis of the achievements of the communities in solving the intricate task of building and maintaining competitive and inclusive local economies in the global Broadband Economy.
Other cities selected this year along with Dublin include, Chattanooga (Tenessee), Riverside (California), Eindhoven (Netherlands), Issy-les-Moulineaux (France) and Stratford and Windsor-Essex in Ontario (Canada).
Essentially the think tank evaluates communities through analysing their strategies in the deployment of broadband services, the ability to create and sustain a knowledge-based workforce, digital inclusion, innovation, and marketing and advocacy.
Safelite AutoGlass® recognized by CIO magazine as one of the CIO 100 award honorees
June 1
California based CIO magazine announces Ohio’s Safelite AutoGlass® as a recipient of the 2011 CIO 100 award. The 24th annual award program recognizes organizations around the world that exemplify the highest level of operational and strategic excellence in information technology.
Safelite AutoGlass® is the nation's leading provider of vehicle glass repair and replacement services, offering mobile services to 95 % of the country in addition to its nearly 400 retail stores.
AtNetPlus announced the best IT services company in Northeast Ohio
May 23
AtNetPlus, Inc., the area leader in predictable cost IT services, announced that the firm was chosen as the Best IT Services Company at the NEOSA Best of Tech awards ceremony. The annual award selects the best technology companies in Northeast Ohio in five categories: Internship Program, Software Product, Emerging Company, Mobile App, and IT Services.
Momentive Performance Materials set to expand Strongsville plant
June 1
Columbus-based Momentive Performance Materials plans a US$ 5.8 Million expansion at its Strongsville manufacturing plant.
The 6,000 square feet of the new space would house new equipment, which will produce boron-nitride ceramics. The company is also expected to hire 10 people as part of the effort to increase capacity at the plant.
Momentive says it's seeing increased demand for the specialty ceramics it makes at the plant, which are used to make semiconductors and specialty plastics.
The company is seeing strong demand for the ceramic products from overseas, as well as for new uses locally.
Ohio ranks 30th in clean-energy leadership
May 20
Ohio ranks 30th in the country in clean-energy leadership, according to Clean Edge Inc.’s U.S. Clean Energy Leadership Index.
Clean Edge, a research and advisory firm, creates its index based on a number of factors at the state level, including total electricity produced by clean-energy sources, hybrid and electric vehicles on the road, clean-energy venture and patent activity, and policy regulations and incentives.
Ohio scored a 35.2 out of a possible 100 on the index, whereas the No. 1 state, California, scored a 95.3.
Job scenario in Ohio
Government data and worker surveys indicate that employers have opened their doors a little wider to new hires in Ohio. Although, the improvement is slight, the Cleveland-based economic research firm, who did the study, says that it is a good sign for job seekers.
In another case, a Finland-based wireless technology company announced that the company is opening its office in Akron, thereby expected to bring a number of jobs to the city.
The company named, '7signal Ltd.' stated that it expects to hire up to 30 people in the coming years. They will be located in the Akron Global Business Accelerator on South Main Street in Akron.
Another similar job addition is coming from Honda, which is expected to add at least 1,000 jobs in Ohio and Indiana. The Marysville plant already has more than 4,000 employees, whereas Honda has more than 13,000 employees across Ohio.