Buzz

Third Frontier panel OKs $175M budget

THE CINCINNATI ENQUIRER, 5/26/10 Thursday, June 03, 2010

The commission that oversees Ohio's Third Frontier technology and job-creation program approved a $175 million budget for the coming fiscal year last week, but also noted that those funds will probably double next year thanks to the passage of Issue 1 and its $750 million bond issue earlier this month, reports the Cincinnati Enquirer.

The commission also voted to approve seven new research centers around the state worth $20 million.

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Google has $1.1 billion economic impact in Ohio

Dayton Business Journal, 5/25/10 Thursday, June 03, 2010

Google says it had a $1.1 billion economic impact on the state of Ohio, reports the Dayton Business Journal.

Google released a report saying that it had a total nationwide impact of $54 billion of economic activity in 2009 for businesses.

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Columbus chosen as site for battery plant, 1,000 jobs -- pending government aid

THE COLUMBUS DISPATCH, 5/24/10 Thursday, June 03, 2010

Coda Automotive has chosen central Ohio as the site for a planned battery plant, a move that could bring roughly 1,000 jobs to the region, reports the Columbus Dispatch.

But there are several steps remaining before a plant will break ground, including the outcome of federal aid.

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Lake Erie becomes site for GE's first freshwater wind farm in the U.S.

FAST COMPANY, 5/24/10 Thursday, June 03, 2010

The U.S. is to see its first ever freshwater offshore wind farm, courtesy of GE and the Lake Erie Energy Development Corporation, reports Fast Company.

It's the culmination of a four-year campaign by The Great Lakes Energy Development Task Force, and GE will provide wind turbines and maintenance for a 20-megawatt wind farm, with a long-term goal of 1,000 megawatts for the lake's Ohio waters within the decade.

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IBM agrees to buy AT&T's Sterling Commerce for $1.4 billion

THE WALL STREET JOURNAL, 5/24/10 Thursday, June 03, 2010

International Business Machines Corp. (IBM) agreed to acquire Ohio-based Sterling Commerce from AT&T Inc. for roughly $1.4 billion in one of its largest deals in nearly three years, reports the Wall Street Journal.

The Sterling deal ranks among the highest in recent years.

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Ohio leads U.S. in new employment

THE AKRON BEACON JOURNAL, 5/21/10 Thursday, June 03, 2010

Ohio led the nation in April as it added 37,300 jobs, with the state unemployment rate dropping slightly to 10.9 percent from 11 percent in March, reports the Akron Beacon Journal.

Ohio, with the largest over-the-month increase in employment in the United States, was followed by Pennsylvania, which added 34,000 jobs from March to April, the U.S. Bureau of Labor Statistics reported Friday. New York was third with an increase of 32,700 jobs.

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Ohio farmers unhappy with attack on corn sweetener

THE ASSOCIATED PRESS, 5/27/10 Thursday, June 03, 2010

Food companies that remove high-fructose corn syrup from their products threaten the jobs of farmers in Ohio, the nation's No. 7 grower of corn, state agriculture leaders tell the Associated Press.

Some nutritionists cite the syrup as part of the country's obesity problem, though industry scientists and many dietitians say it is no more fattening than sugar.

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GemCity Engineering acquires Vistek Medical

PHILADELPHIA INQUIRER, 6/1/10 Thursday, June 03, 2010

Vistek Medical, a Philadelphia area-based maker of medical components, has been acquired by GemCity Engineering and Manufacturing, an Ohio-based manufacturer catering to the defense, technology and medical industries, reports the Philadelphia Inquirer.

GemCity Engineering and Manufacturing is based in Dayton, where it intends to remain.

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Pilus Energy takes energy cell work to international VC stage in Silicon Valley

SOAPBOX, 5/28/10 Thursday, June 03, 2010

Cincinnati startup Pilus Energy will be among a prestigious group of young, high tech companies presenting their ideas and products at the Launch: Silcon Valley 2010 international launch event, reports Soapbox.

Thirty companies will pitch their products to top venture capital and angel funds, corporate business development executives, prospective customers and partners, bloggers and media.

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Two Ohio legislators back bill to provide working capital to small businesses

CRAINS CLEVELAND BUSINESS, 5/18/10 Thursday, May 20, 2010

Two state lawmakers are rolling out legislation they say could provide almost $100 million in working capital to Ohio small businesses, reports Crain's Cleveland Business.

Democratic state Reps. Jay P. Goyal of Mansfield and Nancy Garland of New Albany said during a telephone news conference that they would introduce a bill creating a small-business working capital loan program to be administered by the Ohio Department of Development.

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What color Ohio's economy?

THE COLUMBUS DISPATCH, 5/16/10 Thursday, May 20, 2010

From the largest corporate and government research labs to neighborhood factories and mom-and-pop garages across Ohio, inventors are discovering, developing and selling whiz-bang technology to power the state toward a new economic future, reports the Columbus Dispatch.

With Ohio's once-mighty manufacturing economy struggling, politicians of all stripes are proffering the green economy as the job-producer of the future.

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P&G bringing 650 new jobs to Cincinnati

DAYTON BUSINESS JOURNAL, 5/14/10 Thursday, May 20, 2010

Procter & Gamble Co. is bringing more than 600 new jobs to its Winton Hill Business Center in Cincinnati, reports the Dayton Business Journal.

The company has decided to proceed with a consolidation of logistics and planning operations that would include roughly 300 jobs currently in Ohio but outside the city limits. The logistics center would also retain about 300 existing jobs in the city.

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Cincinnati called number 8 among top 10 cities for new grads

CAREER BUILDER, 5/12/10 Thursday, May 20, 2010

While many new grads tend to look for jobs near their college or hometowns, scores of them are considering locations they might not have when they entered school four or five years ago, reports CareerBuilder.com.

Among the top 10 cities for new grades, Cincinnati makes the list at number 8.

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TMK IPSCO expands in Brookfield, to create 120 jobs

GOV MONITOR, 5/11/10 Thursday, May 20, 2010

TMK IPSCO Koppel Tubular opened a company's new steel pipe finishing facility in Brookfield on May 11, a move expected to create 120 jobs, reports Gov Monitor.

The Brookfield plant will produce premium connections for steel tubular products for the oil and natural gas exploration industry.

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Insurer will fill 600 jobs in Ohio

THE COLUMBUS DISPATCH, 5/6/10 Thursday, May 20, 2010

With fresh signs of an economic recovery, Nationwide has decided to fill 600 Ohio job openings, reports the Columbus Dispatch.

The move is part of a plan to fill 1,400 openings across the country, the company says.

Read the full story here.