Diebold Celebrates 150 Years in Business – Diebold Incorporated is celebrating its 150th Anniversary – a milestone few companies ever reach. Diebold has grown from building secure safes to becoming a world leader in financial self-service and security solutions and services. In conjunction with this sesquicentennial, Diebold is also announcing its new brand strategy and tagline – “Innovation Delivered.” The company’s new mission statement, “We deliver innovative technology and services that make businesses better through a powerful combination of: customer knowledge, inspired thinking and attentive associates,” reflects the philosophy of the company’s founder, Carl Diebold. Thomas W. Swidarski, president and CEO, had this to say: “Diebold’s new brand reflects our company’s utmost goal to provide exemplary service to our customers. As we declare in our vision statement, we intend for our customers to rely on us to provide them with new, innovative solutions that will help them help their customers enter the new age of technology and services.” Diebold has grown to become one of the largest and oldest companies in the financial self-service, security and services markets, reporting 2008 revenue in excess of $3.0 billion. To read more about the anniversary and the company, click here.
Morgan Engineering Purchases Assets of New York Company – Morgan Engineering has been awarded a 40 percent job creation tax credit for a five-year term for its expansion plans in Alliance, Ohio. The value of the tax credit is estimated at $49,301 over the term, and Morgan must maintain operations at the project site for ten years. The $3.5 million project will enable Morgan to purchase machinery and equipment from a Buffalo, New York company. Production capacity will be expanded, and Morgan expects to hire 35 employees while retaining 79. Additionally, they plan to upgrade some existing equipment and also plan to do renovations to the facility. The State of Ohio has approved a State 166 Direct Loan of $1.0 million for a five year period at a 3% interest rate. The City of Alliance has approved a $500,000 loan and Morgan has secured a $100,000 loan for five years from the Stark County Community Improvement Corporation. Also, the Stark Development Board Finance Corporation has approved a $50,000 loan from its revolving loan fund. Morgan’s history dates back to 1868 and is now a global supplier of material-handling systems for the metals industry. To learn more about Morgan and the products they make, click here for a PDF file of the Canton Repository article.
Ohio’s K-12 School System Ranks No. 1 in the Midwest and Sixth Nationally - In “Education Weekly Magazine’s” 50 state report card, Ohio ranked first among Midwestern states and sixth nationally. The report, called Quality Counts 2009, is an independent assessment that utilizes 35 indicators to rank how each state educates its children. States were graded in six areas, including student chances for success, school finances, transitions and alignments from early childhood education, to primary and secondary school, to college. Quality Counts 2009 is a further demonstration of Ohio’s attractiveness as a location to live and work. School system performance is commonly used to assist in measuring a location’s quality of life. In addition to the 180,000 high school seniors who graduate annually from Ohio’s high-ranking K-12 system, over 78,000 graduates from the state’s large and renowned system of colleges and universities enter the workforce each year. To read more about Ohio’s work-life balance, click here for other reports by the Ohio Business Development Coalition.
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