Ohio Ranks 3rd overall for Site Selection’s 2016 Top Business Climate Rankings – Fifty percent of the ranking is based on a survey of site selectors—corporate facility investors and site consultants—who indicate simply which states they deem to be the most business friendly. Texas, South Carolina, and Georgia ranked first, second and third, respectively. At 50% of the total, a third-place finish earned Georgia significant points. That’s the subjective part. The other 50%, the objective side, is a combination of factors primarily based on announced project data resident in the Conway Projects Database, which credits areas with corporate facility projects of at least $1 million in capital investment, 20 or more new jobs or new construction of at least 20,000 sq. ft. This year’s ranking, like those of previous years, illustrates the enduring strength of the U.S. South as a destination for corporate expansion. Ohio (third) and Indiana (10th) made the top 10, but all others in that group can be found south of the Mason-Dixon Line. READ MORE
Ohio #11 in Forbes Best States for Business – Forbes recently released its “Best States for Business”” and Ohio has reason to celebrate as its rankings continue to climb in annual ranking of state business climates. Ohio has moved up in the rankings over five consecutive years—from a low of #38 in 2011 to #11 this year. This is the highest ranking of any state in the Great Lakes region. Ohio also ranked in the top 10 in the quality of life, regulatory environment and economic climate rankings. The overall message to take away from these rankings is that Ohio continues to improve (especially in the eyes of national media, which has great influence on corporate perceptions), and we stack very well against our surrounding states with which we often compete. To read the Ohio profile click here. To read the entire Forbes article click here.
Timken Acquires EDT Corp., Further Expanding Its Portfolio Of Bearing Housed Units – The Timken Company, a world leader in engineered bearings and mechanical power transmission products, has acquired EDT Corp., a manufacturer of polymer housed units and stainless steel ball bearings used widely by the food and beverage industry. EDT Corp. is based in Vancouver, WA, and serves a well-established customer base primarily through North American distributors with whom Timken has long-standing relationships. EDT® bearings are designed and manufactured to meet the highest level of food safety and sanitation requirements. The line includes a range of non-corrosive, greaseless, wash-down-resistant and extreme temperature bearings and accessories. READ MORE
LSI Industries Inc. Announces Consolidation – LSI announced to its employees that it intends to continue its strategic focus on operational efficiency and excellence in its Graphics Segment by consolidating its Woonsocket, RI manufacturing operation into its North Canton, OH operation. This decision will leverage the available manufacturing capacity of the 212,000 square-foot North Canton facility to offer greater economies of scale, higher levels of production, more efficient processes, and consistent quality control. The Company will sell the existing facility and anticipates that the consolidation into North Canton will occur by December 31, 2016. READ MORE
Malone to offer new environmental studies program – Malone University has created a new Environmental Studies program which will offer a secondary major in Environmental Studies, an interdisciplinary Environmental Studies minor, and an Environmental Science minor. The program is designed to prepare students for careers or graduate studies in environmental fields or to apply concepts of sustainability in other career fields, giving students a broad background in ethics, economics, and politics in addition to conservation and sustainability. Students also choose a concentration in the form of a second major, allowing students within the program to couple environmental studies with another passion, such as biology, chemistry, business administration, political science, creative writing, missions and cross-cultural ministries, or any other major that Malone has to offer. READ MORE
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