News & Press
LayerZero Power Systems, Inc. Expands its Operations in Northeast Ohio
Power Equipment Manufacturer Announces $14 Million Investment in Portage County
Company Name: LayerZero Power Systems, Inc.
Location: Streetsboro
Site Region: Northeast
Country of Origin:
- Country: U.S.A.
- Region: Midwest
Industry Sector: Advanced Manufacturing
Company Profile: LayerZero Power Systems, Inc. designs and builds power equipment, including switches, power panels, and monitoring systems used in places like data centers to ensure computers and servers always stay powered safely and without interruption.
Company Website: https://www.layerzero.com
Project Summary:
Type of Project: Expansion
Jobs:
- Jobs committed: 535
- Jobs retained: 278
- Types of jobs: Mechanical assemblers, wiring assemblers, test technicians, and material handlers.
Capital Investment: $14,000,000
Timetable: The company will hire 535 new employees over three years.
Company Need:
To support the company’s rapid growth, LayerZero Power Systems, Inc. will expand its facility in Streetsboro, Ohio, by 120,000 square feet. The expansion will include new manufacturing, warehouse, and support space, allowing it to meet both current demand and future growth opportunities.
Testimonial:
“Our success comes from two places - the dedication of our people and the trust of our customers. This expansion allows us to keep earning that trust by building reliable, innovative power solutions, crafted by a team that takes real pride in their work. Team NEO has been instrumental in creating incentives to allow us to expand our operations and stay close to our roots in Northeast Ohio.”
– Milind Bhanoo, President of LayerZero Power Systems, Inc.
Why Ohio?
The decision to grow in Northeast Ohio reflects LayerZero Power Systems, Inc.’s confidence in the region’s workforce, infrastructure, and business-friendly environment. The expansion enables the innovative company to meet its production goals over the next three years. The company will leverage Ohio’s robust workforce to support continued growth. Ohio’s manufacturing sector employs over 600,000 skilled individuals, the third-largest manufacturing workforce in the United States.
Collaborators:
City of Streetsboro, Ohio Department of Development, JobsOhio, Team NEO, Portage Development Board, Portage County