Canton-Massillon MSA No. 1 – Expansion Management Magazine and the National Policy Research Council looked at the facility relocation activity of 19 million companies over the past eight years to determine the most popular destinations for relocating businesses. In the midsize metro category, Canton-Massillon was ranked number one in the nation. The Canton-Massillon metro is made up of Stark and Carroll Counties. The National Policy Research Council is a non-partisan think tank dedicated to serving state and local policymakers. Expansion Management’s goal was to identify cities and metro areas that were the most successful in expanding their local economies by attracting outside companies to locate there. The article states that for the metros ranked high in the study, it represents the best of all possible validation that their local economies are on the right track. To read the entire article, please click here.

Virginia Company Expands to Louisville – Magnetic Technologies Corporation, a manufacturer of Dry Type Power Transformers headquartered in Wytheville, Virginia, announced the opening of its second facility. The company will renovate the 100,000 sq.ft. former Ohio Transformer facility located in Louisville, Ohio. Magnetic plans to relocate its current Wytheville Dry Type Rewind and Repair business and also intends to expand into Liquid Filled Power Transformer Repair and Rewind Services at the Ohio facility. Magnetic, founded in 1985 in Wytheville, designs, services, and manufactures Dry Type Transformers for specialty applications serving the industrial, utility, military and commercial markets worldwide. The company plans to hire locally 25-50 skilled and professional employees in the next 12-18 months to support the new operations. To read more about the opening, click here for the Canton Repository article.

Cleveland Plus Business Development Activity – On August 3-5, 2007, the Cleveland + partners, including SDB, hosted seven site selection consultants to the “Jock” Familiarity Tour. Site selection consultants help companies decide where to expand or relocate. The Tour was built around the Pro Football HOF Enshrinee Dinner on Friday and the Bridgestone Invitational Golf Tournament on Saturday. The consultants were welcomed to the area by Tim Timken at a reception held at Brookside Country Club. They also had the opportunity to meet the NFL Commissioner (Roger Goodell) and a few NFL owners. Several other SDB Trustees were in attendance and sought out our guests to welcome them to Stark County. The Timken Company and Diebold hosted the consultants at the Enshrinee Dinner. One of the consultants wrote a thank you note to the partners and described the Enshrinee Dinner as a “magical” event. The next morning the group was given a presentation on the Cleveland + Region by Jay Foran of Team NEO. It was then on to Firestone where First Energy hosted the group at a villa off the 16th green. They had the opportunity to follow the golfers and to sample the food provided by First Energy. The Tour ended with a dinner at Lannings Restaurant west of Akron. Feedback from the consultants has been very positive and we believe will result in leads for our region. To read about the Cleveland Plus “Rock” Familiarity Tour held in July that included a tour of the Rock & Roll Hall of Fame, click here.

Stark Development Board

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Fax: (330) 453-1793