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.
Rural communities are prime targets for companies considering a corporate site location project. Rural areas in the U.S. cover 97 % of the nation’s land area but contain 19.3 % of the population who are more likely to own a single family home, are older and less likely to hold a bachelor’s degree or be in poverty than their urban counters.read more
American Electric Power (Nasdaq: AEP) has promoted Timothy J. Wells to vice president, Sales, Economic and Business Development, effective Nov. 2, 2020. Wells replaces Mark James who retired last month.
Wells, 55, will lead AEP’s efforts to attract new commercial and industrial customers to its service territory and help existing customers take advantage of AEP’s growing menu of business consultation services. AEP has unique expertise in the energy field and has become a trusted energy advisor to many of its larger customers. Wells will be responsible for leading growth in services that fall outside of the distribution and transmission of electricity, in addition to helping communities bring new jobs to their local economies.read more
As the economy recovers and Ohio businesses across the state work to stay open or in some cases reopen, JobsOhio’s Northwest Ohio Network Partner, the Regional Growth Partnership, hosting OHZone, a virtual career fair, on Thursday, November 5, 2020.read more