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HESS Industries Ltd. at the Braintree Business Development Center in Mansfield - Photo Bob Perkoski
HESS Industries Ltd. at the Braintree Business Development Center in Mansfield - Photo Bob Perkoski | Show Photo

Canton : Buzz

29 Canton Articles | Page: | Show All

New projects to create 591 Ohio jobs

Governor Kasich today announced the approval of assistance for nine projects set to create more than 591 jobs and retain 943 jobs statewide. During the Ohio Tax Credit Authority’s monthly meeting, it reviewed economic development proposals brought to the board by JobsOhio and its regional partners. Together the projects are expected to result in more than $29 million in new payroll and $40 million in investment across Ohio.
 

Get a list of the projects approved here.

More than 500 businesses headquartered in northeast Ohio

More than 500 businesses are headquartered in the 18-county region that makes up northeast Ohio, adding up to 49,000 jobs, says Tom Waltermire, CEO for Team NEO, which works with several development and chamber groups to promote and market the region.

“There’s a strong concentration of headquarters operations in our area,” notes Waltermire.

Read the full story here.

Collaborative efforts fuel northeast Ohio growth for second quarter 2013

Regional economic development efforts across Northeast Ohio continued to spur growth for the region’s economy in the second quarter of 2013 by attracting five organizations into the region – including Daisy Brand LLC and GE Oil and Gas, Inc. – and facilitating the expansion and/or retention of eight others, reports the Q2 2013 Regional Economic Development Report released by Team NEO.

Read the full story here.

Governorís plan will invest $3b in Ohioís transportation system

Governor John R. Kasich on Monday unveiled a robust plan for improving Ohio’s transportation system with a $3 billion investment in infrastructure over the next several years. Kasich’s Jobs and Transportation plan will allow the state to eliminate decades long delays on some 41 new construction projects now slated to begin construction as soon as next year in some cases.

Read the whole story here.


Ohio firms reel in $94m in venture capital for 2013's second quarter

Venture capital investing in Ohio was up in the second quarter, even as numbers dipped nationally, according to a new report.

Nationally, $6.7 billion went to 913 deals. That’s down from $7.3 billion and 970 deals in the same quarter a year ago, according to the PwC/NVCA MoneyTree Report, which is based on data from Thomson Reuters. In Ohio, 20 deals accounted for $94 million of investment, up from 17 deals and $52 million a year earlier.

Get the full story here.

PNC official succeeds Timken as Team NEO chairman

Paul Clark, regional president for PNC Bank in Cleveland, is taking over for Timken Co. chairman Ward J. “Tim” Timken Jr. as chair of area economic development group Team NEO.

Get the whole story here.

ODSA accepting applications for IMAGE grant

The Ohio International Market Access Grant for Exporters (IMAGE) program is now accepting applications. All activities must be pre-approved in advance and executed no later than September 30, 2013.

IMAGE is a 50 percent reimbursement program designed to offset the costs associated with certain exporting initiatives. IMAGE is funded by the State of Ohio and the United States Small Business Administration as part of the National Export Initiative to double U.S. exports by 2015. The purpose of IMAGE is to increase exports and create jobs in Ohio by helping small businesses expand into new international markets.

Click here for more information.

Timken, Stark State College partner in research

The giant machine might be anchored to the floor, but program everything right and it can fool a super-sized bearing into believing it’s 300 feet in the air. The equipment occupies one-half of a bay in the Stark State College and Timken Co. Technology and Test Center. Timken researchers can run tests to find out how bearings will stand up under a variety of conditions that the machinery can simulate.

Funding for the project came from: Timken Co., $6 million, Stark State College, $3 million, supported by $500,000 from the Timken Foundation, Ohio’s Third Frontier commission, $2.1 million, Ohio Air Quality Development Authority’s Advanced Energy Jobs Stimulus Program, $1.5 million.
 
Get the whole story here.

Entrepreneurial boom expected in Ohio as a result of health care reform, study finds

Ohio could add as many as 67,000 new entrepreneurs as a result of the federal government subsidies made available to aspiring business owners through the Affordable Care Act, according to a new report from the Urban Institute.

Get the whole story here.

Canton-based Timken acquires Standard Machine

The Timken Company announced the continued expansion of its industrial services capabilities with the acquisition of the Standard Machine business based in Saskatoon, Saskatchewan, Canada.

Read the full story here.

Summit County paging all good hackers for National Day of Civic Hacking

On June 1 and 2, Summit County will join the White House and dozens of governments across the country in sponsoring the National Day of Civic Hacking with HackNEO. The event is an opportunity for government agencies, businesses, nonprofits and engaged citizens to collaborate on using technology to help address shared civic challenges. The event will take place at Summit Artspace.

Details available here.

Middle-market companies from Ohio choose open innovation to achieve competitive advantage

NineSigma, Inc., of Cleveland, the leading innovation partner to organizations worldwide, today announced several new clients they will work with under the Ohio Third Frontier Open Innovation Incentive (OII) Program. As part of the program, NineSigma received a grant from the State of Ohio to help middle market companies, with revenues between $10 million and $1 billion, leverage Open Innovation strategies.

Read the full story here.


Ohio declares STEM education, entrepreneurship economic cornerstones

Johnathan M. Holifield, NorTech’s Vice President of Inclusive Competitiveness affirmed, “This potential game-changer for Ohio is an economic competitiveness imperative.  Ohio must cultivate a larger, more diverse and inclusive STEM pipeline to produce more job-creating entrepreneurs.  This program will accelerate those efforts.”

Read the full story here.


Ohio ranked second in auto parts jobs

Motor vehicle parts manufacturing is the largest source of manufacturing jobs in the United States, according to a study released Monday by the Motor & Equipment Manufacturers Association.

The industry directly employs more than 734,000 American workers and generates nearly $355 billion toward the gross domestic product, 2.3 percent of total U.S. GDP, the report said. The study was conducted with IHS Inc., a provider of analytics.

In Ohio, 89,423 workers are employed in making auto parts, making the state second to only Michigan, which has 102,624 workers directly employed in the industry, according to the association. Indiana was third with nearly 80,000 workers.

“With a presence in all 50 states, this industry is important to the health and success of American manufacturing and to the future of this country,” Bob McKenna, the association’s president and chief executive, said in a press release on the study.

In the Dayton area, companies like DMAX in Moraine, Tenneco in Kettering, Behr Thermal Products in Dayton, Ahresty in Wilmington and many others work for the auto industry, supplying General Motors nationwide or Honda in Ohio, among other original equipment manufacturers.

Read the story here.

 

Ohio science, tech groups target youth innovation

A new scholarship program is being launched to encourage Ohio students to become high-tech inventors and entrepreneurs.

Believe in Ohio will be a youth commercialization and entrepreneurship program offering incentives for achievements in science, technology, engineering and mathematics (STEM).

Read the full story here.
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