Ohio Can Lead America’s Heartland as More Companies Look to Reshore
For years, companies have been looking for ways to reduce production costs. Building production facilities overseas was commonly perceived as one way to save. However, companies are now seeking to move their facilities back to America and with the effects of COVID-19, reshoring has never been more important.
Companies—both domestic and foreign— are investing in America for production and manufacturing. Ohio and the rest of America’s Heartland —the region between the Rockies and Appalachia — is proving to be a prime location for these facilities. Keeping operations in the U.S. provides companies benefits such as protecting intellectual property, shortening supply chains, and shrinking wage differentials between the United States and other overseas locations. Keeping supply chains domestic by reshoring facilities also allows for efficient operational shifts to meet customer demands.
Heartland Forward, with the support of JobsOhio, recently authored an article titled Reshoring America: Can The Heartland Lead The Way? This report is a look into the advantages the U.S. Heartland has in leading reshoring initiatives. The article also highlights that America’s Heartland was built on manufacturing and continues to have the talent, culture, and infrastructure to best support it. Interest in reshoring has never been stronger as it has bipartisan support from the government.
Ohio is in a great position to lead the Heartland in reshoring. For years, Ohio has attracted global investment and been a staple of manufacturing and production in the Heartland. Ohio’s central location, simplified tax structure, and low cost of business stimulates economic diversification and prosperity.
We look forward to the potential Ohio has to lead the way in the reshoring surge as it continues to be a state of innovation in the manufacturing and production field! I invite you to read and leverage the support in economic development.
OEDA announces and congratulates the 2021 class of OhioCEDS — Best in Class Ohio Certified Economic Developers
Congratulations to the 2021 Certified OhioCED Economic Development Professionalsread more
(Wilmington, Ohio) The Clinton County Port Authority is pleased to congratulate David Riggs, Director of the SBDC at Miami Regionals, for being named Ohio’s SBDC State Star in 2021.
America’s SBDC, the national association that represents the nationwide network of Small Business Development Centers (SBDCs), annually recognizes one outstanding SBDC employee from each of its 62 members. This outstanding employee exhibits exemplary performance, makes a significant contribution to their state or regional SBDC program, and shows a strong commitment to small business. Using a peer-based selection process, the Ohio SBDC network selected David Riggs for Ohio’s SBDC State Star.read more
Tiffin Foundry and Machine has announced it will purchase new machinery and hire more staff with assistance from a $50,000 JobsOhio Inclusion Grant. Tiffin Foundry has eight employees in Tiffin, and has an additional operation in North Ridgeville, Ohio.
JobsOhio’s grant, secured with assistance from the Regional Growth Partnership, will support a planned $321,923 in machinery and equipment upgrades and three new jobs. In addition, Tiffin Foundry and Machine worked with Tiffin-Seneca Economic Partnership and OhioMeansJobs – Seneca County on other potential incentives to support the company’s growth.read more