News & Press
JobsOhio Inclusion Grant Helps OCECO with Modernization
Funding will support the purchase a new CNC machine as well as other machinery and equipment upgrades over the next several years
Company Name: OCECO
Industry Sector: Advanced Manufacturing
Company Profile: Founded in 1921, OCECO is a fabricator of high-quality safety equipment for flammable liquid storage and wastewater gas disposal systems. They supply airports and energy companies like Marathon and Exxon Mobile and also do a large amount of business with municipalities, food production, and factory farms. Key products include fittings, flame arrestors and gas purification systems.
Company website: www.oceco.com
Project Summary:
JobsOhio program: JobsOhio Inclusion Grant (JOIG)
- About program: The JOIG provides financial support for eligible projects in designated distressed communities and/or for businesses owned by underrepresented populations across the state.
- Support amount: $50,000
Type of Project: Expansion
Location:
- Location: Tiffin
- Region: Northwest Ohio
Jobs:
- Created: 8
- Retained: 9
Capital Investment: $237,805
About the project:
OCECO operates out of a 38,000 square foot facility in the Airport Industrial Park in Northwest Ohio. In 2017, Chief Executive Officer (CEO) Keith Ricker and Chief Financial Officer Mike Ruhe purchased the business with plans to expand its operations.
The company is looking to make upgrades that will support increased sales and employment.
Funding use:
The project will be assisted with a JobsOhio Inclusion Grant (JOIG) which will be used to purchase a computer numerical control (CNC) machine to modernize OCECO’s business and improve safety. In addition to the CNC machine, estimated to cost $117,000, OCECO will be investing $367,000 into the business over the next four years in new machinery and equipment.
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Testimonial:
Collaborators:
JobsOhio, the Regional Growth Partnership, Tiffin-Seneca Economic Partnership