Posted September 11, 200519 yr From the 9/9/05 PD: New office park could lure 1,000 jobs Hudson developer says 2 companies considering move Friday, September 09, 2005 April McClellan-Copeland Plain Dealer Reporter Hudson - Developers of a new office and industrial park say the project could bring up to 1,000 jobs to the city. The Hudson Crossing Business Park will offer 1 million square feet of industrial and office space on 130 acres at Ohio 8 and Ohio 303, said Spencer Pisczak, senior vice president of Duke Realty Corp.'s Cleveland Industrial Group. Duke Realty is in talks with two companies interested in moving to the business park. Pisczak declined to identify them. ... More at: http://www.cleveland.com/business/plaindealer/index.ssf?/base/summit/1126258575248011.xml&coll=2
September 20, 200519 yr The company has facilities in Wooster and Fairlawn. From Bloomberg News, 9/16/05: Deep cuts at Newell Rubbermaid Plants, 5,000 jobs will go; company has offices in Wooster, Fairlawn Bloomberg News Newell Rubbermaid Inc., the maker of Sharpie markers and namesake plastic storage containers with ties to Wooster and Fairlawn, will close a third of its 80 plants and cut 5,000 jobs to invest in more profitable businesses. The three-year plan will cost as much as $400 million, Newell said Thursday. ... http://www.ohio.com/mld/ohio/business/12660596.htm?source=rss&channel=ohio_business
September 21, 200519 yr I think since Newell bought Rubbermaid, they have already cut more than 1,000 jobs in Wooster. :(
September 21, 200519 yr Newell took Rubbermaid headquarters out of Wooster and left behind 150 shipping employees. Over 1000 jobs....white collar and blue. Rubbermaid was born in Wooster and thrived there for 60 years. Newell will never thrive anywhere.
September 21, 200519 yr None of these companies will be around as long as Wal Mart runs the show. Hoover and Mr Coffee were 2 other Ohio companies that were brought down by their business practices.
September 30, 200519 yr Newell took Rubbermaid headquarters out of Wooster and left behind 150 shipping employees. Over 1000 jobs....white collar and blue. Rubbermaid was born in Wooster and thrived there for 60 years. Newell will never thrive anywhere. Everybody was talking about this when I was in Wooster a couple days ago... sounds like a huge hit for my new home. :(
January 5, 200619 yr From the 1/5/06 Akron Beacon Journal: Akron looks to partner with Israel Mayor, local executives travel to form business bonds with companies By John Higgins Beacon Journal staff writer Akron Mayor Don Plusquellic, fresh from visits to Europe and China, leaves for Israel on Friday, leading the largest trade mission in the city's history. Several Akron companies are sending representatives, including GOJO Industries, Advanced Elastomer Systems and the city's hospitals, to develop a wide range of business relationships with Israeli companies. ... http://www.ohio.com/mld/beaconjournal/news/local/states/ohio/counties/summit_county/13554420.htm
January 6, 200619 yr "If we're not over there building those relationships, it's not going to happen,'' he said. "It's like going fishing. If you don't go fishing, you're not going to catch a fish.'' ^ I love this statement.
January 20, 200619 yr From the 1/13/06 Akron Beacon Journal: Mayor signs deal in Israel Akron, area businesses to invest in Mideast high-tech incubator By John Higgins Beacon Journal staff writer Akron Mayor Don Plusquellic and the chairman of GOJO Industries, Joseph Kanfer, signed a deal late Thursday in Israel to invest at least $1 million from the greater Akron area in a high-tech incubator in the Israeli city of Netanya. The project will be known as the Targetech-Akron incubator, which is believed to be the first partnership of its kind between an Israeli incubator and a U.S. city. ... http://www.ohio.com/mld/ohio/news/13616747.htm?source=rss&channel=ohio_news
February 1, 200619 yr More bad news.... PHOTO: A tractor-trailer pulls into a loading dock Tuesday at the Rubbermaid plant in Perry Township. Operations at the Perry facility will cease in March. PHOTO BY KEVIN WHITLOCK/THE INDEPENDENT Perry plant to close Wednesday, January 25, 2006 By DOUG STALEY [email protected] The Rubbermaid plant in Perry Township has become the latest casualty of corporate consolidation, an economic blow that will cost Stark County close to 300 jobs. Newell Rubbermaid, parent company for the Rubbermaid division based in Fairlawn, Ohio, announced Tuesday it is closing its facility at 5267 Southway St. S.W. and moving the operations to a larger plant in Mogadore. ... http://www.indeonline.com/archive/left_archive.php?ID=5596&r=0
February 1, 200619 yr They need to do more coke. "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
February 1, 200619 yr From the Akron Beacon Journal 02/01/2006 Akron salutes partnership with Israelis Jobs may hatch in incubator Officials see $1 million investment as pipeline of opportunity for region By John Higgins Beacon Journal staff writer About 300 people representing area businesses, universities, hospitals and local governments gathered at the Shaw Jewish Community Center for what amounted to a victory lap for Akron's recent trade mission to Israel. Akron Mayor Don Plusquellic led the mission in early January, which included representatives of 21 public and private Akron-area institutions. ... http://www.ohio.com/mld/ohio/business/13762426.htm[/i]
March 3, 200619 yr From the Akron Beacon Journal 3/02/2006 Akron greets U.S. museum of education Mayor is expected to announce expanded mission for partnership By Paula Schleis Beacon Journal staff writer As of today, Akron is home to the National Museum of Education. That's the announcement Mayor Don Plusquellic is expected to make this morning from the office of the former Partnership for America's Future, which has changed its name, expanded its mission and begun a search for a bigger home... -------------------------------------------------------------------------------- Paula Schleis can be reached at 330-996-3741 or [email protected] http://www.ohio.com/mld/ohio/news/13998683.htm
March 21, 200619 yr From the Cuyahoga Falls News-Press: Akron General to open $34.7 million facility in Stow by Andrea Cole Reporter Stow - A $34.7 million health and wellness facility with a 24-hour emergency room that is expected to employ approximately 300 people is planned to open near Route 8 and Steels Corners Road early next year. Jim Armstrong, director of media and public relations for Akron General Medical Center, said the Health & Wellness Center - North will be located on a 17-acre site on Lakepointe Corporate Drive... E-mail: [email protected] Phone: 330-686-3947[/i] http://www.fallsnewspress.com/article.php?pathToFile=/articles//news/&file=_news4.txt&article=1&tD=
April 4, 200619 yr Shitty. Little Tikes to outsource jobs of 160 workers Company spokesperson cites corporate restructuring as reason behind cuts by Rachael Biasiotta Associate Editor Hudson - Little Tikes, one of the city’s largest employers, announced March 28 it will cut its workforce by approximately 160 employees this summer. Company spokesperson Jean Rupar declined comment on the wages of those employees whose jobs are slated to be outsourced, but city officials said the company’s nearly 900 workers contributed approximately $500,000 to Hudson’s income tax collections in 2005. ... http://www.hudsonhubtimes.com/article.php?pathToFile=/articles//news/&file=_news1.txt&article=1&tD=
May 18, 200619 yr From the 5/18/06 Akron Beacon Journal: AGMC breaks ground in Stow Akron General Medical Center moved a step closer Wednesday to opening a $34.7 million facility in Stow. The hospital held a groundbreaking ceremony for its Health & Wellness Center North near state Route 8 and Steels Corners Road... http://www.ohio.com/mld/ohio/business/14607859.htm?source=rss&channel=ohio_business
July 14, 200618 yr http://www.ohio.com/mld/ohio/business/15027459.htm Wasn't sure anyone was aware of this company, Myers Motors and previous to that Corbin Motors of California. Very cool article though.
August 4, 200618 yr Interesting news about my former employer From the Akron Beacon Journal 8/4/2006 Two firms consider joint bid for Signet Parent of jewelry retailer Sterling based in Akron sees its stock jump By Mary Ethridge Beacon Journal business writer Two private equity firms are seriously considering a bid for Signet Group PLC, the British parent company of Sterling Inc. of Akron. What such a deal would mean for Sterling's 2,076 headquarters employees on Ghent Road is far from clear... -------------------------------------------------------------------------------- Mary Ethridge can be reached at 330-996-3545 or [email protected] http://www.ohio.com/mld/ohio/news/15196439.htm
August 6, 200618 yr From the Akron Beacon Journal 8/5/2006 Signet Group PLC object of speculation Panel puts Sterling parent in `offer period' By Mary Ethridge Beacon Journal business writer Signet Group PLC, the parent company of Akron's Sterling Inc., remained the object of speculation Friday among British and American stock traders. The price of the company's shares, which are traded on both the London and New York stock exchanges, was driven up Thursday after news that two private investment firms were interested in buying the world's largest jewelry retailer... -------------------------------------------------------------------------------- Mary Ethridge can be reached at 330-996-3545 or [email protected] http://www.ohio.com/mld/ohio/business/15205451.htm
September 20, 200618 yr From the 9/13/06 Hudson Hub-Times: City preparing for Hudson Crossing sale by Rachael Biasiotta Associate Editor Hudson - Duke Realty officials say they still are in the process of marketing the sale of nearly 130 vacant acres in Hudson, and the city is putting the finishing touches on what must be accomplished at its end before a sale can be completed. City Manager Anthony Bales said the city met with Duke and Industrial Land Partners, the potential buyer of the vacant 127.6-acre Hudson Crossing Business Park on West Streetsboro Street near Terex Road. He said Duke is “closing in on a sale,” though nothing has been finalized. Industrial Land Partners could not be reached for comment by press time. ... More at: http://www.hudsonhubtimes.com/article.php?pathToFile=/archive/09132006/news/&file=_news3.txt&article=1&tD=09132006
September 20, 200618 yr UGH! They should just make it woods like it was before. What a stupid idea that was.
October 1, 200618 yr From the 9/29/06 AP: Timken slashes earnings outlook, 700 jobs Friday, September 29, 2006 CANTON, Ohio (AP) - Timken Co., a maker of bearings and alloy steel products, on Friday slashed its earnings outlook for the third quarter and the full year and said it will cut 700 additional jobs from its automotive group because of the weakening U.S. auto market. Timken shares fell 9 percent. Timken now expects third-quarter earnings between 50 cents and 55 cents per share, excluding special items, down significantly from its July forecast of 70 cents to 75 cents per share. Timken also lowered its full-year forecast to between $2.60 and $2.75 per share from a previous range of $3 to $3.15... http://www.cantonrep.com/index.php?ID=310571
October 1, 200618 yr From the 9/30/06 ABJ: Timken will cut car unit by 700 Layoffs, forecast drop in profits are blamed on U.S. auto slump From staff and wire reports The slump in the U.S. auto industry is leading Canton's Timken Co. to cut 700 jobs in its Automotive Group and also slash its third-quarter and full-year financial forecast. A Timken spokesman said Friday that he could not say where the cuts would take place within the company, which employs 27,000 workers worldwide... . http://www.ohio.com/mld/ohio/business/15646624.htm?source=rss&channel=ohio_business
October 6, 200618 yr From the Cuyahoga Falls News-Press, 10/2/06: GOJO planning $22 million site by Lauren Krupar Reporter Cuyahoga Falls - There may be cleaner hands in Cuyahoga Falls if a proposed tax abatement for a $22 million expansion of GOJO Industries’ facilities, the maker of Purell Instant Hand Sanitizer, is approved. Preliminary plans for the construction of a 350,000-square-foot warehouse and distribution center for GOJO Industries Inc. at 3783 State Road were introduced at Council’s meeting. The proposals for a proposed tax abatement and roadway project for GOJO are scheduled to be discussed at Council’s community development committee meeting Oct. 2. Committee meetings start at 6:15 p.m. in the community room of the Natatorium, 2345 Fourth St. Read More...
October 7, 200618 yr From the 10/3/06 Times-Reporter: Timken cuts not likely to be local By LEE MORRISON, T-R Business Editor It appears that Timken Co. jobs in Tuscarawas and Stark counties are safe, although the company announced Friday it would cut 700 positions. It would not say what facilities would be involved. The announcement Friday concerned the company’s automotive group. The plant at 1957 E. High Ave., New Philadelphia, is part of the company’s industrial group and focused on aerospace activity, according to the company’s Web site. All of the plants in Stark County are industrial or steel group facilities, not part of the automotive group... http://www.timesreporter.com/index.php?ID=59089
October 12, 200618 yr From the 10/9/06 Cuyahoga Falls News-Press: City, Woodridge work on tax deal by Lauren Krupar Reporter Peninsula - Will GOJO receive a 100 percent, 15-year tax abatement on its proposed $22 million construction project on West Steels Corners Road? Woodridge Local School District and Cuyahoga Falls city officials are trying to find an answer after they sat down Thursday night to hammer out the details on a proposed income tax-sharing agreement between the city and the district in connection with GOJO’s project. This is one of two proposed agreements - including one between the district and the city and the other between the district and GOJO - designed to keep GOJO in Cuyahoga Falls. Read More...
October 20, 200618 yr From the 10/19/06 ABJ: Falls will vote on GoJo deal 84 jobs come from Stow and company receives $5.4 million tax break By Gina Mace Special to the Beacon Journal CUYAHOGA FALLS - The City Council will vote Monday on a Community Reinvestment Area agreement that would move 84 jobs from Stow to the Falls and save GoJo Industries about $5.4 million in property taxes over 15 years. Details of the agreement between Cuyahoga Falls, Woodridge schools and GoJo were disclosed during the council's Community Development Committee meeting Monday. GoJo President Mark Lerner told council members that in return for a 100 percent property tax abatement on a planned $22 million, 350,000-square-foot warehouse and distribution center, GoJo promises to retain 744 jobs at its State Road plant and headquarters. It also would transfer 84 employees from a smaller warehouse in Stow. Read More...
October 26, 200618 yr From the 10/16/06 Hudson Hub-Times: Hudson Crossings purchased by Jennifer Reece Reporter Hudson - The 130-acre industrial park on West Streetsboro Street near Route 8 has a new owner who hopes to bring up to 1,000 new jobs to town. Cleveland-based Industrial Partners LLC closed on its purchase of the land from Indianapolis-based Duke Realty on Wednesday. Spencer Pisczak, who along with Ross Farro make up the firm Industrial Partners LLC, said Thursday the sale had been in the works for several months. ... More at: http://www.hudsonhubtimes.com/article.php?pathToFile=/archive/10162006/news/&file=_news1.txt&article=1&tD=10162006
November 7, 200618 yr From the 10/23/06 Cuyahoga Falls News-Press: City Council considers tax break for GOJO’s $22 million project by Lauren Krupar Reporter Cuyahoga Falls - City Council is on the brink of approving a project that represents one of the largest tax abatements and highest investments in the city’s history. GOJO Industries Inc. is asking for a 100 percent, 15-year tax abatement on all new real property taxes generated by a proposed $22 million warehouse and distribution center at its State Road facility. “When our top manufacturing employer wants to reinvest in the community to the tune of $22 million, it’s a win-win for the community,” said Community Development Director Susan Truby. Read More...
November 7, 200618 yr From the 10/30/06 Cuyahoga Falls News-Press: GOJO gets tax break for $22 million project by Lauren Krupar Reporter Cuyahoga Falls - Council on Monday approved a tax abatement expected to keep nearly 750 jobs while adding upwards of 90 new ones, and also voted to help fund a road as part of a new employment park that could attract 700 new jobs. Under the abatement, GOJO Industries Inc. will not have to pay any property taxes on a planned $22 million expansion for the next 15 years. Without the abatement, GOJO would have paid more than $5.4 million in real property taxes during the 15-year period, city officials said. Read More...
November 17, 200618 yr The exodus continues... From Cleveland.com: Rubbermaid office shifting jobs South What little is left of Rubbermaid in Northeast Ohio will be shrinking even more. Rubbermaid Home Products plans to move its headquarters from Fairlawn to Huntersville, N.C., by the end of September next year, leaving about 60 employees in Fairlawn to provide customer service and consumer service, Fairlawn Mayor William Roth said Monday. Roth said he believes about 180 people work at the Rubbermaid office now. ...
January 20, 200718 yr From the Akron Beacon Journal 1/20/2007 Akron preps for Israeli investors Talks could bring new technology to local hospitals, more jobs to Northeast Ohio By John Higgins Beacon Journal staff writer Representatives from 15 Israeli companies specializing in medical information technology are visiting local hospital, university and government officials next week, looking for investment opportunities in Northeast Ohio. New Ohio Lt. Gov. Lee Fisher will deliver the opening keynote address Monday at the Embassy Suites Hotel in Independence. The weeklong program includes presentations in Akron, Cleveland and Beachwood. ... http://www.ohio.com/mld/ohio/16506029.htm[/i]
March 31, 200718 yr From the 1/23/07 PD: Israeli firms learn Ohio's vital signs are looking good Medical-technology companies visit Tuesday, January 23, 2007 Mary Vanac Plain Dealer Reporter Northeast Ohio is the place to develop medical information technology, Lt. Gov. Lee Fisher told representatives of 14 Israeli companies, as well as nonprofit groups and government agencies, on Monday, the first full day of a five-day trade mission to Cleveland and Akron. Because of the region's top-rated hospitals, flexible work force and culture -- and the state's Third Frontier investments -- "I doubt you will find a region of a state that offers more to each of you than this region," Fisher told his audience at the Embassy Suites Hotel in Independence. The Israeli companies are looking to sell their electronic health record, medical information, wireless diagnostic and medical and emergency training systems to health-care providers here. ... http://www.cleveland.com/business/plaindealer/index.ssf?/base/business/1169546258103940.xml&coll=2
March 31, 200718 yr From the 3/21/07 ABJ: Business forum nurtures Akron, Israel ties High-tech companies ready to compete for shot to expand in region, Ohio delegate says By Paula Schleis Beacon Journal business writer It's been just a week since Zev Gurion returned to Akron from Israel, but he's already getting the feedback that city and business leaders had hoped for. High-tech Israeli companies eager to expand into the U.S. market see Ohio as a top destination and are ready to compete for it. ... http://www.ohio.com/mld/ohio/business/16944725.htm?source=rss&channel=ohio_business
May 9, 200718 yr Growing company prefers to stay where it was born InfoCision to keep HQ in area as it expands Teleservices firm wants multibuilding campus site By Betty Lin-Fisher Beacon Journal business writer -------------------------------------------------------------------------------- Betty Lin-Fisher can be reached at 330-996-3724 or [email protected].
June 1, 200718 yr From the 6/1/07 ABJ: PHOTO: Akron General's Doug Ribley (left) assists hospital President Alan Bleyer in the use of a stretching device at the Health & Wellness Center in Stow on Thursday. Hospital branches out Akron General to open new wellness facility in Stow that will feature fitness center and ER By Cheryl Powell Beacon Journal medical writer Whether they're trying to stay healthy or they need quick treatment when medical problems strike, residents of northern Summit County now have a new option closer to home. Akron General Medical Center is unveiling its Health & Wellness Center-North, located in a highly visible spot off state Route 8 near Steels Corners Road in Stow... Cheryl Powell can be reached at 330-996-3902 or [email protected]. http://www.ohio.com/mld/ohio/living/health/17309305.htm?source=rss&channel=ohio_news
June 5, 200718 yr Thought I'd help Lebron put Akron on the map. Worked on calculating this evening all the various projects I know going on in the Akron area. I'm sure I'm missing several still. But the numbers come up to right around a billion dollars in known projects for 2007 and 2008 or so. This doesn't include any projects smaller than 3.5 million. This also doesn't include any major road/highway projects although some of the developments have some public money kicked in on a couple to extend an access road/utilities like for Gojo. These are real projects and most are in the process of being built. Only Goodyear and Akron stadium haven't been officially announced. millions Goodyear HQ Estimated 500 Gojo facility in Falls 23 Americhem HQ in Falls 3.5 Bass Pro Estimated 50 Lockheed airship program 10 Akron Art museum 42 Northside lofts 30 St V-M(Lebron high) expansion estimated around 20-50 Elizabeth Park 60 Lebron's House est 10-20 First Energy offices est 20-30 U of Akron football stadium 55 Akron Biogas plant 7 downtown building/deck 10-15 metro hub facility 15 summa and acute care 30 redevelopment of main st 15 Akron General in Stow 35 Stow muni courthouse 8 Walsh HS expansion 8 There should be an announcement soon on Akron Canton airport next 5 yr plan.
June 5, 200718 yr Good for Akron! "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
June 16, 200717 yr From the 3/4/07 Cuyahoga Falls News-Press: Work to begin on road to new GOJO facility by Lauren Krupar Reporter Cuyahoga Falls -- Council Feb. 26 approved the construction of a more than $700,000 road improvement project that will create a new industrial park off Steels Corners Road. The new street will connect to the Wyoga Lake Preserve, a proposed employment park on 100 acres owned by GOJO Industries Inc. The preserve is part of GOJO's Lippman campus on State Road and is the planned location for a new GOJO facility. The new facility is expected to be 350,000-square-feet. Design plans are slated to be presented at the March 6 planning commission meeting, which begins at 5:30 p.m. in the community room of the Natatorium, 2345 Fourth St. Read More...
June 16, 200717 yr From the 3/11/07 Cuyahoga Falls News-Press: Planning commission approves GOJO site design by Lauren Krupar Reporter Cuyahoga Falls -- A new warehouse and distribution center for GOJO Industries Inc. is an approval away from breaking ground. Planning commission on March 6 unanimously approved the site plan for GOJO's proposed 385,778-square-foot building, to be located off Steels Corners Road near State Road. City Council would need to approve the plans before GOJO officials break ground, which company officials said is slated for December. Council could hear the plan at its March 12 regular meeting. Read More...
June 16, 200717 yr From the 3/25/07 Cuyahoga Falls News-Press: Warehouse plan headed to Council by Lauren Krupar Reporter Cuyahoga Falls -- Ground may be broken soon on a more than 8-acre warehouse and distribution center if Council approves the plan. Council's planning and zoning committee brought out the site plan March 19 for the development of a more than 385,000-square-foot warehouse and distribution center for GOJO Inc. to be built off Steels Corners Road near State Road. The building, which could be visible from Wyoga Lake Road during fall and winter, would sit on 8.8 acres and could be the first step in creating a new industrial park in the city estimated to generate more than $60 million in new investment, city officials said. Read More...
June 16, 200717 yr From the 4/1/07 Cuyahoga Falls News-Press: PHOTO: This picture shows the current GOJO Industries Inc. building on Steels Corners Road. On March 26, Falls City Council approved the site plans for a more than 385,000-square-foot warehouse and distribution center to be built next to, and connected to this site. New GOJO site coming to city by Lauren Krupar Reporter Cuyahoga Falls -- Cleaner hands could be in Cuyahoga Falls' future after a warehouse center for the maker of Purell® Instant Hand Sanitizer and other personal hygiene products was approved. City Council approved site plans March 26 for what Mayor Don Robart has described as the "largest manufacturing investment in the city's history." The site plans depict a more than 385,000-square-foot warehouse and distribution center for GOJO Inc. to be built off Steels Corners Road near State Road. The center will be built on 8.8 acres on GOJO's Lippman campus on State Road, a more than 72-acre site. Read More...
June 16, 200717 yr From the 6/10/07 Cuyahoga Falls News-Press: Road leads to GOJO, future new businesses by Lauren Krupar Reporter Cuyahoga Falls -- A more than 1,000-foot new road could connect the GOJO Inc. Lippman campus off Steels Corners Road to additional development of the site. Preliminary and final subdivision plans, unanimously approved by the Planning Commission June 5, call for dividing the more than 83 acres of the Lippman campus into five blocks of land for development or conservation. GOJO officials also proposed building a new 1,195-foot road to be called Lippman Parkway near the current private driveway, to connect a new more than 385,000 square foot warehouse and manufacturing center with Steels Corners Road and open up the area for additional industrial development. The plans need to be approved by Council before construction could begin. Council next meets June 11 beginning at 6:30 p.m. in the community room of the Natatorium, 2345 Fourth St. Read More...
June 25, 200717 yr From the 6/24/07 Cuyahoga Falls News-Press: Industrial growth is a possibility at GOJO site by Lauren Krupar Reporter Cuyahoga Falls -- The Steels Corners Road site of GOJO Inc. could see additional businesses move in if Council approves a proposed subdivision plan. Council's planning and zoning committee discussed forming the Wyoga Lake Preserve industrial subdivision June 18 and sent the plans to the full Council for a vote. If approved, the plans would create an industrial subdivision on what is now vacant land zoned as an employment and manufacturing district. City officials previously said the proposed industrial park is estimated to generate more than $60 million in new investment for the city. Read More...
June 30, 200717 yr From the 3/22/07 Canton Repository: Canal Fulton plant closing, leads to loss of 100 jobs By FELLICIA SMITH REPOSITORY STAFF WRITER CANAL FULTON FormTech Industries, one of the city's largest employers, has announced it is closing its local facility, leaving about 100 workers jobless. "It's not a profitable facility," said Earl Talos, human resources vice president for the company. "One month it would be (making money). Most months it was not. That is the real reason it's closing." ... Reach Repository writer Fellicia Smith at (330) 580-8312 or e-mail: [email protected] ABOUT FormTech INDUSTRIES FormTech is a provider of forged metal components to the automotive light vehicle, heavy truck and industrial markets. Previously known as Forming Technologies, the company acquired the assets of Metaldyne Corporation in 2006. The company was renamed FormTech in 2006. -- CEO: Richard McDermott -- Headquarters: Royal Oak, Michigan -- Plant locations: Ohio: Canal Fulton, Minerva. Michigan: Detroit, Troy, Fraser and Royal Oak. Indiana: Fort Wayne. SOURCE: FormTech Industries http://www.cantonrep.com/index.php?Category=9&ID=343577&r=8&subCategoryID=
June 30, 200717 yr From the 3/24/07 Canton Repository: Fulton won't let FormTech off hook with taxes By FELLICIA SMITH REPOSITORY STAFF WRITER CANAL FULTON FormTech Industries may be planning to close its local plant, but the city isn't going to make it easy for the company. "They're not going to lay off that many people in this community and not see any repercussions," Mayor John Grogan said... Reach Repository writer Fellicia Smith at (330) 580-8312 or e-mail: [email protected] ABATEMENT AGREEMENT Clause 15 in Canal Fulton's 10-year abatement agreement with FormTech Industries reads as follows: If (FormTech Industries) materially fails to fulfill is obligations under this agreement, or if the (city) and commissioners determine that the certification as to delinquent taxes required by this agreement is fraudulent, the (city) and Commissioners may terminate or modify the exemptions from taxation granted under this agreement and may require the repayment of the amount of taxes that would have been payable had the property not been exempted from taxation under this agreement. http://www.cantonrep.com/index.php?Category=9&ID=344014&r=3&subCategoryID=
July 2, 200717 yr From the 7/1/07 Cuyahoga Falls News-Press: Falls Council OKs GOJO subdivision by Lauren Krupar Reporter Cuyahoga Falls -- A new industrial employment complex, which city officials have said could create more than $60 million in new investment for the city, was given the green light by Council June 25. Councilmembers unanimously approved preliminary and final subdivision plans for the Wyoga Lake Preserve complex, a private industrial development to be located in the more than 83 acres of the GOJO Inc. Lippman campus between West Steels Corners, Wyoga Lake and State roads. The industrial subdivision will be anchored by GOJO's new more than 385,000-square-foot warehouse, which workers have begun constructing. The new building will sit on a 31-acre parcel in the rear of the campus. Read More...
July 17, 200717 yr Cleveland looks to lure Israeli technology businesses Tuesday, July 17, 2007 Shaheen Samavati Plain Dealer Reporter Eleven Israeli technology businesses with products ripe for commercialization will get the chance to strut their stuff in front of U.S. investors in Akron today. The idea is to get the foreign companies to set up offices in the state and to create local jobs, said Pat Valente of the Ohio Department of Development's technology division. The Ohio-Israel Innovation Forum for Advanced Technologies was organized by the state agency along with a committee that included the cities of Akron, Beachwood, Cleveland and Columbus ... More at http://www.cleveland.com/business/plaindealer/index.ssf?/base/business-3/1184661444101160.xml&coll=2
July 17, 200717 yr it would be nicer to see some city in another country invest $1m in akron instead of the other way around.
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