News

Ohio continues to be recognized as a premier location for economic development in the U.S. Strong, statewide partnerships facilitate capital investment and job growth through leveraging Ohio's advantages. Read the latest news about these collaborative efforts throughout Ohio.

New COTSWORKS R&D Center Will Be a FORCE in Aerospace Optoelectronics

Investment opens door for technology innovation in Highland Heights, Ohio
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As pressure from international competitors closed in on COTSWORKS, the company began seeking ways to build an R&D center. With support from a JobsOhio R&D Center Grant, COTSWORKS will establish its Fiber Optic Research Center of Excellence, or FORCE, which will be dedicated to aerospace optoelectronics. This facility will grow Northeast Ohio’s high-tech manufacturing capability and workforce and enable the company to better serve customers such as Boeing and Lockheed Martin.

London Stock Exchange launches U.S. division of ELITE – a global business support program – in Ohio

London Stock Exchange launches U.S. division of ELITE – a global business support program – in Ohio

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State’s ease of doing business and strong economy attracts the world-renowned program, bringing best growth practices to small and medium-sized businesses

JobsOhio Provides Support to JPMorgan Chase for New Fintech R&D Innovation Space

JobsOhio Provides Support to JPMorgan Chase for New Fintech R&D Innovation Space

JobsOhio R&D grant will help create environment for innovation and out-of-the box thinking
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JobsOhio awarded an R&D grant to JPMorgan Chase to support the creation of a new financial technology (fintech) R&D innovation space at The Point at Otterbein University. The space, which will create 75 to 100 full-time jobs, will foster innovation in fintech, give students the opportunity to engage in R&D, and support the commercialization of new ideas.

Ohio Is Poised to Lead the Way Into the Blockchain Age

New law protects firms developing innovative uses for blockchain technology
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On Aug. 3, Ohio Governor John Kasich signed legislation that will stimulate business investment in blockchain technology to transmit and store electronic records in a wide range of industries. The new law makes Ohio one of the first U.S. states to provide legal protection to firms developing new uses for this cutting-edge technology

Phillips Meat Processing Expands Driven by Kroger Demand

Renovation and expansion includes improved freshness, productivity and capacity
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Phillips Meat Processing is renovating and expanding its current facility in to include a freezer, blast chiller and smoker room, as well as more capacity for production. This growth is due in large part to requests from major food retailer and customer, Kroger, which wants more products to sell in stores.

RhinoSystems Inc. Expands in Ohio, Praises Healthcare Workforce and Location

RhinoSystems Inc. Expands in Ohio, Praises Healthcare Workforce and Location

In-demand product influences lease of 65,000 square feet of space
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RhinoSystems Inc. (RSI) is behind Naväge Nasal Care, a successful medical irrigation device featured on TV and popular sales platforms. The company’s growth prompted the search for a new location for its headquarters and manufacturing facility. RSI is leasing over 65,000 square feet of space and creating 117 jobs in Ohio.