Ohio Innovates, Thanks to JobsOhio R&D Center Grants
Senior Director, JobsOhio
When our team here at JobsOhio determined that we wanted to serve as a catalyst for more corporate innovation, we introduced the JobsOhio Research & Development Center Grant Program in June 2016. This proactive grant program provides qualified companies with an incentive to establish new R&D centers in Ohio and positions the state favorably to win production facilities after R&D products and services are commercialized.
The R&D Center Grant Program allows JobsOhio to work with our local and regional economic development partners to strategically support a wide array of industries, from biomedical to autonomous vehicles, that can move the Ohio economy forward.
2017 R&D Center Grant Projects
Since its inception, four R&D centers representing an array of industries have been announced and/or launched:
- Midmark Corp., a leading provider of medical, dental and veterinary equipment solutions, announced plans to create at least 97 new jobs over five years at a new R&D Center in Versailles, Ohio. Scheduled for construction next year, the new R&D center will allow Midmark and its clients to identify and launch solutions to improve patient outcomes while reducing costs and enhancing the patient experience.
- Quality Electrodynamics (QED) officially opened its new research center in Mayfield Village, Ohio, in November. As the first recipient of the JobsOhio R&D Center Grant, the QED Research Center provides the research community and business leaders a platform to develop innovative imaging solutions to better diagnose, manage and treat common diseases across the health continuum.
- Franklin International Inc., one of the nation’s largest privately held adhesives and sealants manufacturers, announced plans to invest $4.4 million to construct a new 12,500-square-foot R&D facility at its corporate headquarters in Columbus. Franklin International plans to utilize the new center to formulate new polymers, produce next-generation adhesives and innovate manufacturing technologies to increase production efficiencies.
- In January 2017, the state of Ohio, The Ohio State University and JobsOhio together invested $45 million for the first phase of a state-of-the-art hub for automated and autonomous testing at the Transportation Research Center (TRC). Construction is underway on the all-new, 540-acre Smart Mobility Advanced Research and Test (SMART) Center, which is located within the 4,500 acres of TRC’s testing facility, the nation’s largest independent automotive proving grounds.
Corporate interest in the JobsOhio R&D Center Grant Program has been high, resulting in new senior-level conversations with leading domestic and international companies. Ultimately, our goal is to see current and future R&D centers successfully commercialize innovative products or services that lead to new significant investment and corporate job creation in Ohio.
Back in February, I saw the SpaceX Falcon Heavy launch from Kennedy Space Center near Cape Canaveral, Florida. I was four miles away from the launchpad, and it was one of the most amazing things I’ve experienced. That’s not pertinent to this story, but I like to brag about it.read more
Water is one of the most vital substances on Earth. It’s a fundamental part of our everyday lives, powering some of our most basic human needs, like hydrating, bathing and cooking. But water is not automatically usable in all forms—throughout history we have made adaptations, such as treating water to rid it of contaminants for our consumption or harnessing its power for electricity. Water remains one of the most crucial components of our everyday lives, which is why Pipeline H2O in Hamilton, Ohio, is fostering the next generation of water technologies.read more
Real estate deals near Dayton International Airport and at Cargill in Sidney got a big boost Monday.
The Dayton-Montgomery County Port Authority Board of Trustees voted unanimously Monday to boost both business expansions, approving deals that will shield construction projects at both sites from state and local sales taxes.
The trustees approved a capital lease financial structure to exempt from sales taxes a $175 million expansion at the Cargill refining plant in Sidney, a project expected to add 12 jobs to a workforce of 293 people.read more