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8% of Ohio’s private sector jobs are linked to exported goods
June 12, 2010
Despite the recession, many companies in Ohio are experiencing increase in foreign sales percentage. These companies including small and medium sized firms, located in Greater Dayton and Cincinnati metropolitan areas, are working towards further increasing their foreign sales.
Being a large manufacturing state, exporting is important for Ohio and a large number of jobs in the state are tied to exports. Many of these exporters are very small companies comprising of very few people.
These companies export devices to countries like China, India and Great Britain amongst others. As per calculations of the Ohio Department of Development, over 362,000 jobs in the state are tied in some way to exports, while the U.S. Department of Commerce report says that 7.9 % of Ohio’s private sector jobs are linked to exports.
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Richard J. Fasenmyer Foundation granted US $1 million to JumpStart to continue Entrepreneurial Support and Investment
June 8, 2010
JumpStart Inc., a nationally recognized non-profit organization creating economic transformation by providing resources to entrepreneurs leading high potential, early-stage companies, has received a US $1 million grant from The Richard J. Fasenmyer Foundation of Fairlawn, Ohio.
The Richard J. Fasenmyer Foundation chose JumpStart as the recipient of its inaugural entrepreneurship and free enterprise giving because of JumpStart's work in providing entrepreneurial development assistance to entrepreneurs leading companies that can impact the economy.
In addition to fostering business entrepreneurship and promoting the free enterprise spirit, The Richard J. Fasenmyer Foundation also supports significant, innovative, collaborative efforts in clinical immunology and encourages economic development in partnership with the arts.
Ohio’s Vita-Mix Corp. receives Excellence in Exports "E" Award
2-June-2010
Olmsted Falls, Ohio based Vita-Mix Corporation announces that it has received the President's "E" Award for Exports in recognition of the company's outstanding achievement in supporting export growth in the U.S. business community. It is the highest U.S. Government acknowledgment any American firm or organization can be presented for exceptional export success.
To qualify for the "E" Award for Exports, a manufacturer must demonstrate a substantial increase in volume exports during a four-year period. Once a company has qualified for consideration, applicants are reviewed by the Interagency President's "E" Award Committee, which is composed of representatives of U.S. government departments and agencies involved in export-related activities. Those receiving favorable consideration are then forwarded to the Secretary of Commerce for final selection. Only 17 companies were selected to receive the award in 2010.
The famous "E" Award flag, considered a badge of patriotism in action, dates back to WWII. In 1961, President John F. Kennedy revived this "E" symbol of excellence to demonstrate the importance of improving the nation's export trade.
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Ohio Third Frontier helps the innovation and opportunity drive in biomedical industry
June 22, 2010
Ohio Third Frontier, and the strategic investments made by the program to boost Ohio's biomedical imaging industry, serves as a national model for success. This is also the primary reason behind Ohio's position as a national hub for innovation and opportunity in the thriving biomedical industry.
At a critical time in Ohio's technology-based economic development advancement, Ohio Third Frontier initiated a focused effort aimed at developing Ohio's biomedical strengths into one of the world's premier biomedical imaging locations for research, development and manufacturing.
The Ohio Third Frontier program, as of December 2009, has awarded more than US $358 million dollars to Ohio's biomedical sector alone. Moreover, Ohio Third Frontier has fostered the emergence of new technology clusters across the state, including fuel cells, photovoltaics and liquid crystals/flexible displays.
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Ohio Venture Association declared Arteriocyte Inc. the top biotech start up venture for 2010
June 28, 2010
Arteriocyte, Inc. was honored by the Ohio Venture Association as a Venture of Year Award Finalist. Founded in 2004 to develop proprietary stem cell and tissue engineering based therapies, Arteriocyte focuses on developing commercially available stem cell based therapies using multiple sources of adult derived stem cells for delivery to injured tissues in order to speed repair and improve function.
In just six years, the company has grown from one employee to more than 67 employees located throughout the world and has rapidly transitioned from a basic research project into a fully integrated R&D and commercial product company.
Already in 2010, Arteriocyte has been awarded more than US$8 Million in competitive grants and federal research contracts to fuel clinical implementation and further commercialization of its unique technologies.
Four of Top 10 health systems in the nation are in Ohio
June 21, 2010
A report from Thomson Reuters that analyzes health systems’ quality and efficiency says that Ohio is the home to four of the Top 10 health systems in the nation.
Researchers from Thomson Reuters ranked 255 health systems across the nation, but listed only the Top 10, which was presented in an unordered list. The four Ohio health systems in the Top 10 are:
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Catholic Healthcare Partners in Cincinnati
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Kettering Health Network in Dayton
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OhioHealth in Columbus
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University Hospitals in Cleveland
2010 marked the second year for Thomson Reuters’ health system rankings. The four Ohio systems also made last year’s Top 10 list. The study was based on public data from the federal government.
Columbus Metropolitan Library receives prestigious award
June 7, 2010
The Columbus Metropolitan Library system announces that it is being honored with a prestigious award, a cash prize and a cover story. Library Journal named the Columbus Metropolitan Library system as the 2010 Library of the Year.
Every year, Library Journal recognizes the U.S. public library system that most profoundly demonstrates service to the community, creativity and innovation in developing community programs.
The Columbus Metropolitan Library will receive a US $10,000 award, along with a feature as the cover story of Library Journal.
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a) Green Energy
US $6 million program announced to train workers for green energy jobs in Ohio
June 21, 2010
Ohio Gov. Ted Strickland announced the start of a new US $6 million jobs program to train Ohio's workforce for green energy careers.
Gov. Strickland and Lisa Patt-McDaniel, Ohio Department of Development director, said the Energizing Careers Program is accepting requests for proposals from companies looking to train employees.
The Ohio Department of Development's Workforce and Talent Division will administer the Energizing Careers Program to help companies that are manufacturing components for the wind, solar and biomass industries. The program will reimburse the cost of training up to US $6,000 for full-time employees, with preferential project funding to companies in the 44 counties impacted by restructuring in the auto industry, including the local ones.
b) Bio Energy
Veterans Affairs Medical Center gets US$14 million for biomass energy plant
June 17, 2010
A new boiler plant of the Chillicothe Veterans Affairs Medical Center is expected to generate large cost savings through using wood chips as a primary fuel source for generating steam and electrical power.
The project, which will be the first of its kind at a VA Medical Center in the United States, was awarded US$14 million from the American Recovery and Reinvestment Act.
In a biomass facility, wood chips are burned to create steam generation for supplying power. The woodchips are a renewable resource that are carbon-neutral and are considered a "green" product from an environmental standpoint.
c) Solar Energy
Ohio features in huge solar power deal
June 8, 2010
Standard Energy has agreed to develop solar-power plants with American Municipal Power (AMP) that will provide up to 300 megawatts of electricity in six states. As per the deal, Columbus-based AMP calls for solar electric installations in or near AMP municipal utilities in Ohio, Pennsylvania, Michigan, Kentucky, West Virginia and Virginia. Construction is expected to start this year and finish within five years. AMP supplies wholesale power and services for 128 municipal electric systems.
GrafTech International received federal grant for role in solar power project
June 01, 2010
GrafTech International Ltd., a Parma specialized materials company, has received a US $1.15 million Department of Energy grant for its part in an experimental solar power plant.
The GrafTech grant is part of a US $62 million Energy Department project to develop a concentrated solar power system.
SENER, a Spanish engineering company, plans to build a series of solar towers in California using an energy storage system developed by GrafTech.
SENER and GrafTech are working with the University of California, Berkley, on the solar project.
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Ohio Tourism division states Tourism is on the rise in Ohio
June 07, 2010
According to a recent report from the Ohio Tourism division, Ohio grew its number of overnight leisure trips in 2009 by 6 % over 2008. Many area businesses, such as wineries and charter fishing businesses, are experiencing an increase in customers.
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Air park donation deal finalized
June 2, 2010
A year after the initial negotiations started, Deutsche Post DHL officially deeded on the Wilmington Air Park to the Clinton County Port Authority. It is now expected that the community and officials can now turn the Air Park into a job-creation site once again.
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