Pinnacle Technology Group Invests $570,000 to Open New Ohio Location
Transportation network and skilled workforce brings company to Northwest Ohio
Published: Tue Apr 30 2019
Company Name: Pinnacle Technology Group, Inc.
Industry Sector: Advanced Manufacturing
Company Profile: Pinnacle Technology Group is a producer of high-quality electronics for a diverse set of clientele, delivering comprehensive product life cycle support for electronic manufacturing. Its electronics design and manufacturing services result in products ranging from simple printed circuit board assemblies to high-end electromechanical box builds.
Company Website: https://pinnacletec.com
Type of Project: New location
Capital Investment: $570,000
Pinnacle Technology sought a new location for manufacturing and warehouse space to accommodate its growth in the expanding LED lighting industry. The company was specifically looking for a location with a healthy business environment, available talent and easy market access in order to fuel further growth.
Pinnacle Technology selected a site in Maumee, about 10 miles southwest of Toledo, that is in close proximity to Interstates 80, 90 and 75. Ohio’s comprehensive transportation network appealed to the company, as it allows for efficient and affordable access to the company’s supply chain. The company was also attracted to the region’s diverse and skilled workforce, which has the capability to support its complex manufacturing operations for both electronic contract manufacturing services and private label medical training products. The company expects to hire 35 people to work in the new facility.
“Toledo’s logistics assets make it easy and convenient for distribution to our customers. The efforts of JobsOhio and the [Regional Growth Partnership] were extremely helpful in identifying the right location for our new facility and identifying grant opportunities for new equipment and machinery.”
- Rick Wasserman, president, Pinnacle Technology Group
JobsOhio, Regional Growth Partnership, the city of Maumee and OhioMeansJobs Lucas County