Timken Announces Plans for the First U.S. Wind Energy R&D Center for Mission-Critical Power Systems – Multi-megawatt wind turbines rely on rugged power-transmission systems to harness the wind’s energy and convert it into renewable power. Central to the production of power inside these turbines are massive, precision-engineered bearings and sealing systems. The largest of these hoop-shaped bearings weighs more than five tons, with an inner diameter wide enough to allow an SUV to pass through the center. Timken will establish the Americas’ only wind-energy research center focused on advanced development of bearing systems in wind turbines. The center will specialize in large wind-turbine bearings, seals and gearbox systems and will establish technical programs for Stark State College students. Timken will build the $11.8 million research center in collaboration with Stark State College, the Stark County Port Authority and the Stark Development Board. The 18,000 sq. ft. center will anchor the new Stark State Emerging Technologies Airport Campus on 15 acres of property adjacent to the Akron-Canton Airport. Joint funding for the project secures 65 jobs directly and combines more than $6 million invested by Timken; $2.1 million from Ohio’s Third Frontier Commission; and a $1.5 million loan from the Ohio Air Quality Development Authority’s Advanced Energy Jobs Stimulus Program. As the first research facility of its kind in the Americas, the center will provide vital knowledge for the development of power-transmission component technologies to the industry while training current and future technicians to provide a complete range of services to wind turbine manufacturers and operators. To read more about the Wind Energy Research and Development Center, click on Timken’s press release.
Republic Storage Receives State Loan for Equipment – Republic Storage Systems in Canton was awarded a $1 million state loan to help purchase equipment to become more competitive. Ohio’s Development Financing Advisory Council approved the loan on June 27. The state Controlling Board has final approval. The loan would be part of a $1.9 million project involving the purchase of a powder coat line, including powder booths, an environment room and other hardware. Powder coating, which is melted and cured, would be used to cover lockers and other storage products manufactured by Republic. With the ability to powder coat, Republic will be able to bid on storage projects that require powder-coated products, such as federal archival storage products. The state 166 Direct Loan will be fixed at or below market rates. The project could create 25 to 30 jobs with the anticipated increased business. To learn more about the project, click on this Canton Repository article.
Employment Source Receives Third Frontier Internship Program Award – The Workforce Initiative Association, dba The Employment Source, located in Canton, will receive $321,000 in funds from the Ohio Third Frontier Internship Program. This program links college students with Ohio for profit companies that are commercializing new products, technologies and processes. The Employment Source will be placing 105 students in internship programs that accelerate the development and growth of Ohio’s key technology sectors that include: advanced/alternative energy, information technology, advanced manufacturing, power and propulsion, bioscience, controls and electronics. The Employment Source collaborated with The Timken Company, Rolls-Royce Fuel Cell Systems, Diebold Inc., EchoGen Power Systems, OEConnection, University of Akron and Kent State/Tuscarawas in receiving the award. The Third Frontier Internship Program is administered by the Ohio Department of Development using Third Frontier research funds. To read more about the grant and to learn more about The Employment Source, click on this press release.
Akron-Canton Airport Continues Record Setting Pace – Nearly 146,500 passengers traveled to and from the Akron-Canton Airport (CAK) this past May making it the busiest May of all time. This number is up 8 percent compared to the same month in 2010 which was the previous best May. Total passengers year-to-date in 2011 are up 3.6 percent compared to 2010. AirTran Airways, a wholly owned subsidiary of Southwest Airlines, offering nonstop service to Atlanta, Orlando, New York, Boston, Tampa, and Ft. Myers, increased 16 percent compared to May 2010. Skywest Airlines (in partnership with Airtran) saw flights to Milwaukee increase 12 percent. U.S. Airways, with flights direct to Charlotte, Washington D.C. (Reagan) and Philadelphia, increased by 19 percent. Frontier Airlines with nonstop flights to Denver were up 6 percent. To read more about the new passenger record and to also learn about CAK, click on this press release.