Business Highlights

What’s next for Diebold Nixdorf after acquisition?
Creating Diebold Nixdorf isn’t an easy process, but the results should be positive, explains Andy Mattes, chief executive officer. (full story)


Utica Shale well activity as of May 13
See the breakdown of the Utica Shale drilling. (full story)


Growth of manufacturing, development in Stark tied to area’s future success
Stark County has a history of making products that people all over the world use in their everyday lives—and to accelerate growth, we must all work together. (full story)


Timken names new president for Sharon Center company
North Canton-based Timken said Jason K. Rebucci will serve as president of PT Tech Inc. (full story)


The Stark Development Board will move its offices
Stark Development Board will lease about 2,800 square feet on the third floor of Stark State’s satellite center at 400 Third St. SE. (full story)


Development board leader focusing on new Stark jobs
The head of the Stark Development Board had an introductory meeting Monday with the Stark County commissioners and shed some light on economic development projects. (full story)


Timken Co. buys Michigan couplings manufacturer
Timken Co., as part of a strategy to expand its portfolio of bearings and mechanical power transmission products, has purchased a Michigan couplings manufacturer. (full story)


Canton council OKs HOF Village development plan
Canton City Council on Monday approved the development plan for the Johnson Controls Hall of Fame Village. (full story)


Northeast Ohio’s Economic Development Network Reports Best Results in Several Years
Northeast Ohio’s economic development efforts earned high marks in 2016, compared to its performance over the past few years. (full story)


LSI Industries Inc. Announces Consolidation
LSI announced it is consolidating its Woonsocket, RI manufacturing operation into its North Canton, OH operation. (full story)


Timken Acquires EDT Corp., Further Expanding Its Portfolio Of Bearing Housed Units
The Timken Company has acquired EDT Corp., a manufacturer of polymer housed units and stainless steel ball bearings. (full story)


Ohio Ranks 3rd overall for Site Selection’s 2016 Top Business Climate Rankings
Ohio (third) and Indiana (10th) made the top 10. (full story)


Ohio #11 in Forbes Best States for Business
Ohio has reason to celebrate as its rankings continue to climb in annual ranking of state business climates. (full story)


Radial Engine Innovations making push in Canton
Radial Engine Innovations said it has teamed with Mentor-based Fredon Corp. to produce nine prototype radial engines. (full story)


Team NEO report shows evolving scope of manufacturing
Manufacturing productivity in Northeast Ohio is expected to continue to rise in the next nine years. (full story)


Ball Corp. adds 99 jobs, expands Canton operations
Colorado-based Ball Corp. is wrapping up a $35 million project which began last summer at its Warner Road SE plant. (full story)


Diebold finalizes Wincor Nixdorf merger
Diebold has completed its acquisition of German-based Wincor Nixdorf, creating the world’s largest ATM and financial services company. (full story)


Multi-million dollar land deal could bring business, industry to Stark County
Several local foundations have joined forces to draw business to our area and stimulate the economy by purchasing 237 acres of the Stark County Farm property. (full story)


Ohio Gratings announced as EY Entrepreneur of the Year for 2016 in Northeast Ohio
EY has announced the winners of its Entrepreneur of The Year Award in Northeast Ohio, and celebrated the award's 30th anniversary. (full story)


Cost of doing business in NEO June report
The cost of doing business in Northeast Ohio is almost 10% lower when compared to the U. S. average. (full story)


Marathon expects Cornerstone Pipeline to be done this year
Construction of Marathon Petroleum Corporation’s Cornerstone Pipeline is going as planned and should be completed before the end of the year. (full story)


Diebold, Inc. Confirms Results of Vote To Take Over Wincor Nixdorf
North Canton’s North Canton-based ATM maker Diebold, Inc. confirmed on March 29, that investors controlling 68.9% of the stock of German rival Wincor Nixdorf approved a takeover offer. (full story)


Timken Company Gets Contract to Supply Gears for U.S. Navy
The Timken Company announced it received a potentially lucrative, multiyear contract from the U.S. Department of Defense to provide engineering and main reduction gears, or MRGs. (full story)


TimkenSteel Develops New Manufacturing Process for High-Pressure Tubing
TimkenSteel has reentered the polyethylene tubing market with its recent announcement that it has developed a new process to manufacture high-pressure tubing (HPT) (full story)


Merger of Huntington and FirstMerit to Create Banking Giant in Ohio
On Jan. 26, Huntington Bancshares said that it would buy FirstMerit Corporation in a deal worth $3.4 billion in stock and cash. (full story)


Diebold Forms New Joint Venture With Inspur
On Dec. 18, Diebold, Incorporated, announced it is forming a new joint venture with a subsidiary of the Inspur Group, one of China’s leading IT companies, to provide ATMs and kiosks to Chinese markets. (full story)


United Airlines and American Airlines Commence Nonstop Service to New York/Newark From CAK
On Dec. 18, Diebold, Incorporated, announced it is forming a new joint venture with a subsidiary of the Inspur Group, one of China’s leading IT companies, to provide ATMs and kiosks to Chinese markets. (full story)


Deville School of Business/Walsh University Launches Garage Student Innovation Center
Four DeVille School of Business students have transformed unused garage space at the St. Katharine Drexel House into a student-directed innovation lab and hope to follow in the successful footsteps of Amazon, Apple, Google and other companies that were born in a garage. (full story)


Crestline Hotels to Develop Upscale Hotel at Hall of Fame Village
Crestline Hotels and Resorts, a company that provides management services to some of the nation's largest hotel chains, will help develop and manage the hotel planned for Hall of Fame Village in Canton, Ohio. (full story)


Diebold is moving forward with previously discussed plans to acquire one of its largest competitors, Wincor Nixdorf
If a deal is completed, the new company—to be called Diebold Nixdorf—will be the world’s largest maker of automatic-teller machines. (full story)


Chesapeake Energy to Increase Production After Tough Quarter
With a new pipeline operating in Ohio and better seasonal prices for natural-gas liquids like propane, Chesapeake Energy is no longer holding back Utica Shale production. (full story)


Malone University Receives National Science Foundation Grant
The National Science Foundation granted Malone University an award that will both advance scientific research in Ohio and later be shared with similar institutions throughout the nation. (full story)


Mount Union Engineering Programs Earn ABET Accreditation
The University of Mount Union’s civil and mechanical engineering programs have received accreditation from the Engineering Accreditation Commission of ABET. (full story)


State of Ohio Approves Tax Break for Ball Corp.
State officials have approved tax breaks that will help Ball Corp. expand its local operations and create up to 100 additional jobs. The Ohio Tax Credit Authority approved a 50 percent, six-year job-creation tax credit for Ball Metal Food Container, formerly Phoenix Packaging Corp. (full story)


EV Energy Partners buys Belden & Blake
EV Energy Partners is taking complete ownership of Belden & Blake Corporation. Thursday’s deal makes Belden a wholly-owned indirect subsidiary of EVEP and won’t result in local job losses. The purchase is part of $259 million in acquisitions by EVEP from EnerVest partners. (full story)


US 30 East Canton by-pass
On Oct. 13, 2015 Steve Paquette along with other local officials traveled to Columbus requesting funds from the Transportation Review Advisory Council (TRAC) to extend the four-lane US-30 highway 2.8 miles from Trump Avenue on the west side of East Canton to the intersection of Route 30 and State Route 44 on the east side of East Canton. (full story)


Stark Entrepreneurship Alliance, Helping Entrepreneurs and Businesses Develop Ideas
The Stark Entrepreneurship Alliance is a one-stop shop for early-stage and start-up companies in Stark County, OH. The alliance provides assistance in all aspects of creating and growing a business including business consulting, recruiting management, financing, real estate, product innovation, mentoring and coaching, legal and accounting, and more. (full story)


Southwest inflight magazine Akron/Canton section

Stark Development Board, along with the Canton Regional Chamber, Greater Akron Chamber, Canton/Stark County CVB, Akron-Canton Airport, Akron/Summit CVB, joined together with Southwest Airlines to promote the Akron/Canton area in the June issue of Southwest's in-flight magazine. The special 32-page section features the area's tourist attractions, universities and businesses. It will reach 3.5 million readers aboard Southwest flights and another 9 million through the online version. View the online version of the special section.


Stark County Group Sends Northeast Ohio an Angel Fund
A group of 34 individual “angel” investors from Stark County and surrounding areas plan to form the Impact Angel Fund, which aims to invest in high-tech startup companies across the southern portion of Northeast Ohio — from Mansfield to Canton to Youngstown. (full story)


Kubota to Build Research Facility at Canton Wastewater Plant
Kubota Membrane USA Corporation signed a lease with the city Thursday to build a research and development site on the grounds of the Canton Water Reclamation Facility. (full story)


TimkenSteel Commissions World’s Largest Jumbo Boom Vertical Caster
TimkenSteel (NYSE: TMST, timkensteel.com), a leader in customized alloy steel products and services, today held an open house ceremony to celebrate the commissioning of its jumbo bloom vertical caster, the largest of its kind in the world, at the Faircrest Steel Plant in Canton. (full story)


Emergency Medicine Physicians and Equity Firm Form Company
Emergency Medicine Physicians (“EMP”), one of the nation’s largest emergency medicine providers, and Welsh, Carson, Anderson & Stowe (“WCAS”), a leading healthcare investment firm, today announced the establishment of US Acute Care Solutions (“USACS”). USACS will be majority-owned by physicians and is focused on building a national leader in emergency medicine and hospitalist services. EMP’s Medical Group and practice management operations will become the foundation for USACS. (full story)


Allegiant Ready to Serve Akron-Canton Airport
Brian Davis packed his car 10 years ago and left Stark County for Las Vegas for a job with a start-up business focused on vacation travel. The Perry High graduate was home Tuesday morning to announce that the start-up business — Allegiant — will offer flights from Akron-Canton Airport to three vacation destinations in the southeast. (full story)


Timken World Headquarters Receives Prestigious LEED® Gold Certification for Green-Building Excellence
The Timken Company (NYSE: TKR; www.timken.com) today announced that its World Headquarters building has earned LEED® Gold certification from the U.S. Green Building Council®. LEED (Leadership in Energy & Environmental Design) sets the international standard for green-building excellence, and this certification recognizes The Timken Company's adherence to solid green design and practices. (full story)