More Signs of Manufacturing Growth
Posted byChris Thompson - 08.17.2010
Northeast Ohio's manufacturing heritage provides a solid base for growth as the next economy becomes more export driven and global markets crave more innovative products. Last month I
highlighted how the growing demand for our region's manufactured goods has translated into relatively strong job growth.
Now I'd like to highlight a few more signs that manufacturing will continue to grow in Northeast Ohio.
Stark County is home to two of the biggest manufacturing announcements. Timken Co. announced plans to invest about $50 million in their steel operations in the City of Canton. The company says sales are growing 70% to 80% this year. Learn more in this story from G. Patrick Kelly of the Canton Repository.
Down the road in Massillon, Gov. Strickland helped Shearer's dedicate a new 70,000-square-foot manufacturing facility. If that wasn't enough, Shearer's announced plans for a $27 million, 52,000 square-foot expansion to that project. The plant is the first LEED Platinum snack food manufacturing facility in the world -- another sign of innovation and leadership. Learn more at SnackGreen.com
And up in Cuyahoga County, MAGNET worked with the county to select 12 companies that will receive an Innovation Loan Fund grant. A total of $470,000 will be made available to help the companies develop new products that range from a plasma cutting machine to a new way to a resin made from biowaste. Check out the 12 companies here.
These are just a few of the examples of how the region's manufacturers are benefiting from innovation and collaboration here in Northeast Ohio.
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