Chesapeake Energy Makes Major Investment in Louisville – Chesapeake Energy has purchased 284 acres in Louisville, Ohio at the Beck Industrial Commerce Center. Chesapeake plans to establish its Utica field office on the location with multiple buildings to house Chesapeake and its subsidiaries. Chesapeake looked at more than five sites around Stark County. The Stark Development Board assisted Chesapeake in its search. “In planning for our Utica field office, we looked for a centralized location with the necessary acreage to accommodate our expanding workforce and growing operations here in Ohio,” said Keith Fuller, the company’s director of corporate development. “This project demonstrates our commitment to the City of Louisville, Stark County and many other communities neighboring our area of operations in the Utica.” Louisville City Council approved an income tax rebate for Chesapeake. Beginning in 2016, the city will return to Chesapeake 25% of the income taxes collected from employees for a period of ten years. The city of Louisville and Groffre Investments had prepared the site through securing a $3.5 million Job Ready Site Grant from the state back in 2010. The site grant included a 440-foot bridge that spans wetlands and Nimishillen Creek. The Chesapeake site will also include a rail spur running into the complex from nearby Norfolk Southern lines. To read more about the Chesapeake purchase, click on this Canton Repository article.
Mount Union Houses Business Incubator – Students at the University of Mount Union have a unique opportunity to learn first hand how small and large businesses are created and sustained. Thanks to a partnership called TA2 (Technology Accelerator Alliance), students interested in technology and entrepreneurship will gain experience working with a business incubator right on campus. TA2 is a collaboration among the city of Alliance, the University of Mount Union and the Alliance Area Development Foundation (AADF). The incubator will assist business-to-business (B2B) technology startups. Matt Stinson, director of advancement at Mount Union, said the City of Alliance provided a substantial amount of funding for the incubator through the sale of one of its properties in town. A long term sustainable model for the business incubator is being developed by Brad Myers, who was hired to oversee TA2. The business incubator was established at the same time Mount Union launched an entrepreneurship minor and will be a tool for those students as they study at Mount Union. Myers said the business incubator model fulfills the mission statement of TA2 which is to “bring together technology innovators, launch their ideas and accelerate their companies.” To read the Mount Union press release, click here. For more information on TA2, click here.
Employment Source Gets $6.0 Million Government Grant –The Employment Source, the Workforce Investment Board in Stark and Tuscarawas counties, has learned it will serve as administrative and fiscal agent for a $6.0 million U.S. Department of Labor grant that will replicate the agency’s current business retention and expansion model, ultimately expanding to 16 counties in Ohio. The goal of the grant is to connect workforce and economic development, business and education in a collaborative, customer-focused partnership to deliver more efficient business services to a larger geographic area. The model, according to Alice Stephens, executive director of The Employment Source, will “tap into the collective resources of workforce, economic development and education partners. It also creates a mechanism for ongoing dialogue to identify and understand common industry challenges and trends and to develop shared solutions.” The project is anticipated to begin August 1 and continue for 40 months. To learn more about The Employment Source, click here.