Matalco Purchases the Assets of Thakar Aluminum in Canton, Ohio – This past month, Matalco, Inc., a Canadian company, purchased the assets of Thakar Aluminum located in Canton, Ohio. Matalco is owned primarily by the principals of Triple M Metal, Inc., which is Canada’s largest processor of ferrous and non-ferrous metals. The Stark Development Board consulted with the company prior to the purchase. Matalco is an ISO 9001:2000 certified company engaged in the remelt and manufacture of aluminum billets for the extrusion industry. Matalco was originally looking in Western Pennsylvania and the Youngstown area, but was lured to Stark County by the opportunity to buy Thakar. Matalco intends to increase the production of aluminum billets at the Thakar facility, which was running at 35% capacity at the time of the purchase.
Team NEO Sells Northeast Ohio to the Global Community – This week, as part of Team NEO’s international business attraction efforts, a German delegation will be visiting with Northeast Ohio companies and learning more about the region’s assets. Bernardine van Kessel, the newly appointed Director of International Business Attraction for Team NEO, will be part of the group hosting the delegation which includes German companies and Willi Stachele, The Finance Minister of the state of Baden-Wurttemberg. The Stark Development Board, a founding partner of Team NEO, will be attending a reception for the delegation as well. Van Kessel has already traveled to China this summer, and will be visiting Germany and Switzerland later in the summer to encourage foreign company investment. She will be working closely with PM&P Consultants, a German company hired by Team NEO to be on the ground in Europe pursuing companies to invest in Northeast Ohio. To learn more about Team NEO’s commitment to international attraction, click on this Akron Beacon Journal article.
Stark County Wins Efficient Government Now Award – The Fund for Our Economic Future (FFEF) announced on June 9 that Stark County had won a $100,000 grant for its 911 Countywide Dispatch proposal in the Efficient Government Now award competition. The FFEF is a collaboration of more than 100 foundations, organizations and philanthropists from across Northeast Ohio that seeks to strengthen the region’s economic competitiveness through grant making, civic engagement and research. The Efficient Government Now competition allows Northeast Ohio residents to vote for the most efficient money-saving collaborations among local governments. Nearly 17,500 Northeast Ohioans voted. Overall, $261,420 in grants was awarded to the top three projects, and $70,000 to a fourth collaboration of smaller communities. The Stark County proposal finished second in voting, although it did receive the most first–place votes. The proposal sought the grant to help consolidate the ten existing 911 dispatch centers and one call center into one countywide 911 dispatch Center which would provide for better services, make residents safer and save roughly $2 million a year in taxpayer money. The win for Stark County and the Dispatch Center can be credited to widespread support of a large number of groups and organizations who helped urge Stark County residents to vote for the proposal. However, more significant was the support that came from our local media including the Canton Repository, the Massillon Independent and WHBC Radio. To learn more about the awards, click on this Repository article.