State of Perfect Balance

FEATURED STORY:
Ohio Hubs Of Innovation and Opportunity

CincinnatiOhio Governor Ted Strickland recently announced the designation of the Cincinnati Consumer Marketing Hub as an Ohio Hub of Innovation and Opportunity. The hub will bring together the Cincinnati USA Regional Chamber, Procter & Gamble, Kroger Company, the University of Cincinnati and Macy's to strengthen and create job opportunities in Ohio's consumer marketing industry. Hub partners will be supported by global brand-building organizations such as Landor, Bridge Worldwide, LPK and consumer marketing service companies such as Dunnhumby USA and AC Nielsen/Buzzmetrics. The state will make an investment of a $250,000 grant, administered by the Ohio Department of Development to support the latest hub.

Governor Strickland recently designated hub status to the Dayton region for aerospace development, northwest Ohio for solar energy research and innovation and the Cleveland Plus region as the Cleveland Health and Technology Corridor.

Ohio's Hubs of Innovation and Opportunity are supported by the Ohio Department of Development and work to leverage a region's resources and investments to attract clusters of connected businesses, encourage new investments and an influx of talented workers and help to create new opportunities to grow jobs and develop Ohio's key industries. To learn more please visit the Ohio Department of Development's Ohio Hubs of Innovation and Opportunity website.

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FEATURED EXECUTIVE:
Jim Tennant
Ohio Coatings Company

Ohio ExecutivesAs president of Ohio Coatings Company, a $200 million tin plate steel business, Jim Tennant says Ohio allows him to balance his professional success with the opportunity to make a true impact in his community.

Tennant is the latest business leader featured in the "State of Perfect Balance" Wall Street Journal ad campaign. The Ohio Business Development Coalition , the nonprofit organization that markets the state for capital investment, and AEP Ohio sponsor the ongoing ad campaign.

According to Tennant, Ohio's support – through tax abatements, low-interest loans and infrastructure improvement through the Ohio Department of Development – made the decision of locating his business in Ohio a simple one. After more than a decade of calling Ohio home, Ohio Coatings now provides the state with jobs, revenue and a profitable commodity.

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FEATURED TOPIC:
Carpe Ventum (Seize the Wind)

Ohio Business GrowthIt takes more than high and steady breezes for a utility-scale wind power plant to make sound financial sense. Proximity to large population centers, a robust manufacturing industry, access to expertise in the areas of engineering and materials science, and a forward-thinking energy policy – all are chief considerations when planning a large wind farm. Fortunately, these are all things Ohio (now) has in spades.

And thanks to a combination of factors – not the least of which is recently enacted legislation – Ohio finally has reached the wind-power tipping point. Even the faintest breeze promises to send Ohio tumbling to the top of the renewable energy heap. Three separate land-based projects in Northwest Ohio, all approved by the Ohio Power Siting Board, are on track to deliver 500 megawatts of clean electricity, enough to power 150,000 homes. But wait, there's more! Four additional projects currently pending approval can raise that total to 1,250 megawatts fueling 375,000 homes.

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FEATURED TOPIC:
Small Town Entrepreneurs Prove Success Not Hinged on City Lights

Ellen Mosley-ThompsonBig business doesn't always have to mean life in the big city. Some of Ohio's fastest-growing companies are proving that, becoming leaders in high-tech and service fields far from the outer-belts of Ohio's urban centers. A few of Ohio's home-grown entrepreneurs spoke to hiVelocity about why they like where they live and why they plan to stay.

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July 2010 Newsletter


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Ohio Key Benefits Overvew

Choosing the best location for your U.S. operation is difficult. Download and read this brochure to learn why so many top multinational companies choose Ohio.

And you will see why locating in Ohio will provide balance without compromise, allowing you to achieve at a higher level while realizing your individual aspirations – at home, work, and in the community.

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Recent Site Location Announcements

Coda Automotive has recently chosen central Ohio as the site for a planned battery plant, a company official confirmed today, a move that could bring roughly 1,000 jobs to the region.

Lanx Inc., a Colorado biomedical company, has chosen Ohio as the location to launch its Lumbar Motion Monitor Commercialization project. The company, which chose Ohio over other Midwest states, said the state's biomedical industry and support from programs like Ohio Third Frontier were key to the decision.

Makino recently announced its global titanium R&D center will be located in Mason, Ohio. Makino, a world leader in advanced manufacturing for the aerospace industry, cites Ohio's world-class aerospace supply chain, capabilities in technology development and long history of aerospace innovation for its decision.


Upcoming Events

National Aviation Hall of Fame Awards
July 16-17

Dayton Air Show
July 17-18

Air Camp USA
July 18-23

Ohio State Fair
July 28 - August 8

Columbus to Host IEDC 2010 Conference

The Columbus, Ohio region is hosting the International Economic Development Council's 2010 Annual Conference from September 26-29 at the Hyatt Regency Columbus. The IEDC conference is the world's largest gathering of economic developers. The group will be discussing the new paradigms of economic development: new tools, new uses, new ventures, and new directions. For more information on the conference and the Columbus Chamber of Commerce download the Columbus Chamber Whitepaper on IEDC Conference.


Select Regional Economic Development Updates



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Ohio News

Ohio News Updates

July 2010
Ohio Attracts Colorado Biomedical Company
Colorado biomedical company, Lanx Inc., has chosen Ohio as the location to launch its Lumbar Motion Monitor Commercialization project. The company, which chose Ohio over other Midwest states, said the state's biomedical industry and support from programs like Ohio Third Frontier were key to the decision.

Read more »

July 2010
American Aerospace Pioneers Gather for Hall of Fame Induction
Four American visionaries of flight are to be honored for their contributions to aviation on July 17 at the 49th annual Enshrinement Dinner & Ceremony at the National Aviation Hall of Fame (NAHF) in Dayton, Ohio, the birthplace of flight and a national leader in the aerospace industry.

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July 2010
Ohio Tax Reforms Create Ideal Business Startup Climate
Ohio's Enterprise Appalachia offers entrepreneurs one of the lowest tax rates in the nation. In fact, after implementing a sweeping package of business tax reforms, Ohio is one of only two states with no general tax on either corporate profits or personal property used in business. And, Ohio's personal income tax rates are now 16.8 percent lower than they were just five years ago.

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Ohio In The News

States See Rebirth in Auto Battery Manufacturing
Czinger, the president and CEO of CODA Automotive, announced that his company was planning to build a battery manufacturing plant outside of Columbus, contingent on a loan from the Department of Energy.

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Newsmakers Q & A: Slogan Is Only Foot in Door for State, Marketer Says
Burger King wanted to do it our way, Morgan Stanley did it one client at a time, and Nike did it by getting us to just do it. A memorable slogan might help move hamburgers, tax-deferred annuities or running shoes (not to mention all the other stuff that now bears the Swoosh), but can it help sell a state?

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News From hiVelocity

Q&A: Nancy Bridgman talks about the NET Incubator's role in the Dayton region
The National Environmental Technology Incubator in Springfield may not be Ohio's biggest incubator, but its affiliation with Central State University makes it a key partner within the Dayton region's academic-business scene. No longer focused just on environmentally oriented companies, the NET incubator has plans to grow. Executive Director Nancy Bridgman brings us up to date in this interview.

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Video: The importance of STEM
STEM education – the integration of science, technology, engineering and math into every facet of learning – is on the rise in Ohio. This video, from the Ohio STEM Learning Network, explains the importance of STEM.

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