State of Perfect Balance

FEATURED STORY:
Gov. Strickland Declares "Aviation Industry Awareness Day"

Ohio Aviation IndustryOhio Governor Ted Strickland declared July 16, 2010 as "Aviation Industry Awareness Day." The proclamation highlighted the $5.5 billion in economic impact and 17,352 jobs generated by Ohio's world-class aerospace and aviation industry, as well as the importance of Ohio's airports and aircraft for communities and businesses across Ohio.

AOPA President and CEO Craig L. Fuller added that Governor Strickland's proclamation is strong evidence of the state's continuing support for general aviation, noting that Ohio's leaders have consistently worked to follow through on the state's commitment to the industry.

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FEATURED EXECUTIVE:
Ray Lugo
NASA Glenn Research Center

Ohio ExecutivesRay Lugo grew up in central Florida during the Apollo program, and started his NASA career a month before the Apollo program ended. One of his first jobs was counting the people who were working on the Apollo program. There were roughly 20,000 people before the launch. A week after the final Apollo launch, they were all gone.

Today he serves as Director of the Glenn Research Center. "What we do [now] is hard," Lugo says. "The systems that we need to do them are complex. People are... thinking that we've given up on human spaceflight, but in order to do it safely, we have to develop the next generation of systems to take us there. It's going to take time."

Lugo spoke with hiVelocity about budget changes, leadership expansion, and the Glenn Research Center's impact on Ohio's economy.

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FEATURED TOPIC:
Ohio Gets Business Friendly with Tax Cuts

Ohio Tax ReformAt a time when some states are considering job-killing tax hikes to make up for budget deficits, one state is in the final phase of lowering its business taxes to a point that small business owners can collect their first $1 million in receipts virtually free of state taxes.

A number of years ago, Ohio implemented a sweeping package of business tax reforms making it more "business friendly" to businesses of all sizes. Today, it is one of only two states nationally with no general tax on either corporate profits or personal property used in business.

A tax on equipment was also eliminated so that companies that locate in Ohio could freely upgrade their equipment and have manufacturing systems that run as efficiently as possible.

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FEATURED TOPIC:
Shaking off the rust: How Ohio's manufacturing base is on the rise

Ohio Manufacturing GrowthThink manufacturing is dead in Ohio? Think again. Nearly 20,000 manufacturing jobs have been added across the state during the last year, according to a report recently released by the U.S. Congress Joint Economic Committee. Companies are posting profits again in their quarterly reports. And all signs say the manufacturing uptick is likely to continue.

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August 2010 Newsletter


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Ohio Data Center

Learn more about Ohio's economy and industry related data. Ohio is the top business state in the U.S., leading the nation in new and expanded facilities for the last four years. The state's attractive and low-cost business policies, abundant resources and generous assistance minimize investment risk and maximize competitiveness within the global economy.

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Recent Expansion and Investment Announcements

  • Behr Dayton Thermal Products, LLC will receive a $250,000 Rapid Outreach Grant. The more than $12.3 million project will assist in retaining 902 positions.
  • Wilmer, Cutler, Pickering, Hale, and Door, LLP (WilmerHale) will receive a $300,000 Rapid Outreach Grant. The more than $2.5 million project is expected to create 187 jobs.
  • Evenflo Company, Inc. will receive a $50,000 Rapid Outreach Grant. The more than $1.5 million project is expected to create 50 jobs and retain 357 positions.
  • The City of Marysville will receive an $185,000 Roadwork Development Grant for the costs associated with the completion of public roadwork improvements in support of The Scotts Company, LLC's expansion project. The more than $338,000 project is expected to create 33 jobs and retain 303 positions.
  • NexTech Materials Ltd. of Lewis Center was awarded a $1 million U.S Department of Energy grant to develop new manufacturing techniques for coating metals to cut costs and boost durability.

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Select Regional Economic Development Updates


Cleveland Plus Q2 2010 Economic Review

In the 2nd quarter of 2010, the Cleveland Plus economy showed signs of improvement, with declines in the unemployment rate, increases in total employment by more than 55,000 jobs, a decline in unemployment claims and projected GRP growth of 3.1% in 2010. Learn more »


Blog

Gain valuable insight and learn from the experts on how Ohio can help your business succeed.


Ohio News

Ohio News Updates

August 2010
Ohio Third Frontier Creates Breakthrough in Advanced Materials
Strategic investments made by Ohio Third Frontier have resulted in a thriving advanced materials industry cluster and are leading the way for technological breakthroughs that will help the state compete on a global level.

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Ohio In The News

July 2010
Ohio Gets Business Friendly with Tax Cuts
A number of years ago, Ohio implemented a sweeping package of business tax reforms making it more "business friendly" to businesses of all sizes. Today, it is one of only two states nationally with no general tax on either corporate profits or personal property used in business.

Read more »

July 2010
Grant Helps Firm Launch Back-Injury Device Here
Colorado biomedical company Lanx Inc. will form a division in Columbus to launch a medical device used to treat back injuries.

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News From hiVelocity

NSBE nurtures pipeline, retention, of Ohio engineers
Of the 10,000 or so African American students who enroll in U.S. engineering programs each year, fewer than 3,500 graduate with engineering degrees. The National Society of Black Engineers wants to change that, and one of its targets is Ohio.

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Gary Conley preps a portal to manufacturing resources
As president of TechSolve, Gary Conley knows what it takes to go from concept to commerce. Lately, he has been incubating an idea for improving the exchange of a wide array of valuable information to help manufacturers throughout Ohio. It's OMNI: the Ohio Manufacturing Network of Innovation.

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Video: Pint Size Garden—How Great Lakes Brewing is helping to teach sustainability
In a shining example of green initiatives in Cleveland, Great Lakes Brewing Company has operated the organic Pint Size Farm at Hale Farm and Village for the past three years. A fallow, historic orchard field, the farm has been transformed into an edible, culinary landscape using centuries-old gardening techniques combined with modern organic culture.

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Help build a strong and prosperous Ohio economy for current and future generations.