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.

Trans-Cycle Industries of Ohio Expands its Headquarters, Boosts Recycling Capacity

Eco-friendly, family-owned TCI of Ohio will add square footage and invest in M&E to support process and warehouse inventory
Posted on

Established in 2006, Trans-Cycle Industries (TCI) of Ohio is a family-owned one-stop management solution for the recycling and disposal of transformers and other oil-filled electrical equipment. “Since our market entry in 2017, TCI of Ohio has seen rapid success and growing contracts,” said TCI of Ohio Owner George Jackson. Added square footage to its headquarters in Columbus will help the company meet the rising demand for its services.

Rapidly Growing IT Firm Eyes Expansion into Other Industries

Launched out of Bowling Green State University, Satelytics Inc. grows to pursue more applications for its technology
Posted on

Founded as a start-up out of Bowling Green State University in 2009, Satelytics uses high-resolution spectral imagery from satellites, drones, and other platforms to provide critical data to multiple industries. The company initially focused on monitoring the world’s water supplies but leaders realized the greater potential of the technology. Satelytics will expand in Northwestern Ohio to begin business with other industries.

Invacare Grows at Its Northeast Ohio Headquarters

The production of advanced oxygen therapy solution will create new jobs
Posted on

Invacare, a global leader in the manufacture and distribution of innovative home and long-term care medical products, plans to grow at its headquarters in Elyria with the expansion of a new oxygen concentrator to address rising global demand for respiratory equipment.

Luma Financial Technologies Doubles Workforce at Ohio HQ

Headquartered in Cincinnati with offices in NYC, Luma expands due to substantial growth
Posted on

Luma Financial Technologies offers a digital platform that enables its customers, made up of banks, brokers, and financial advisers, to manage and sell structured financial products. Although its employees are mostly working remotely, it will need to added space to accommodate growth. Luma will expand at its home in Cincinnati.

BBI Logistics Expands, Plans to Nearly Quadruple Its Workforce in Ohio

Ohio’s geographical location and infrastructure prove critical to logistics operations
Posted on

Founded in Columbus in 2017, BBI Logistics helps customers find the most cost-effective and reliable carrier, while also maximizing load potential for carriers. BBI Logistics must seamlessly serve its current and growing customers while continuing to scale. Ohio’s central location and infrastructure are among the best in the U.S. and are competitive advantages for BBI Logistics.