Strongsville, Ohio Adds Approximately 600 Jobs The Past Year

www.city-data.com/

The region of Strongsville, Ohio has added approximately 600 jobs for the past year.

The Economic Director of Strongsville states that approximately 2,000 jobs have been created throughout the recession. Director Painter pinpoints that the region of Strongsville continues to expand as more businesses are thriving. The job numbers only include what was created in the business parks.

Retail operation numbers are not included in the job report. Painter also elaborated on how 500,000 square feet of space is being used for manufacturing and high tech operations. Sustainable wages are ultimately provided to many struggling families in the area of Strongsville.

The job numbers are also a little bit inflated as Vitamix Corporation added a second manufacturing facility which hired approximately 300 workers. 175,000 square feet of space is also be utilized by Vitamix. Adding 300 jobs is outstanding in the current struggling economy according to Painter.

Some of the important projects which were highlighted include:

  1. Cleveland’s HVAC wholesaler Wadsworth Northeast taking control of the Unlimited Building
  2. Metal fabrication company called Republic Anode relocating to the Terrell Manufacturing Building
  3. Bearings Manufacturing Company renovating nearly 30,000 square feet of a metals building

Painter states that his main job duties include keeping businesses in Strongsville while also attracting brand new businesses to the region. Painter spoke to a room of employees and executives where he described a Business Retention and Expansion Survey. The survey displayed that nearly 97 percent of the businesses rated Strongsville as an ideal location for conducting business. Painter addressed the entire room as he states “I can’t begin to tell you how much of a selling point you all are”. The room was mostly filled with employees and local business owners.

Overall, the creation of jobs is important in an economy that is currently struggling. More states and regions need to continue creating jobs.

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CTIA Study – App Economy Responsible for Half Million U.S. Jobs

A new study released by CTIA-The Wireless Association® and the Application Developers Alliance says the app (application development) economy has created 519,000 U.S. jobs and is a significant economic driver for a number of states.

The report, titled “The Geography of the App Economy,” breaks down the number of app jobs by state, shows the share of app economy jobs in each state relative to overall jobs, and the economic impact for states. Here’s the breakdown of the 10 ten states with the most app jobs:-

App economy growth

App economy growth (Chart – appdevelopersalliance.org)

  1. California  =  151,900
  2.  Washington = 49,800
  3.  New York = 39,800
  4.  Texas = 25,000
  5.  Georgia = 24,000
  6.  Massachusetts = 21,400
  7.  Illinois = 19,900
  8.  New Jersey = 9,500
  9.  Virginia = 15,000
  10.  Florida = 14,600

Listed below is the annual economic impact of these app jobs, listed for the top 10 states which have the largest impact:-

1.  California = $8.241 billion

2.  Washington = $2.671 billion

3.  New York = $2.313 billion

4.  Texas = $1.183 billion

5.  Massachusetts = $1.143 billion

6.  New Jersey = $1.087 billion

7.  Georgia = $1.062 billion

8.  Illinois = $847 million

9.  Virginia = $788 million

10.  Pennsylvania = $632 million

The CTIA study also listed the “app intensity” for each state, determined by taking the percentage of app economy jobs in a state as a share of total jobs, thus measuring the importance of these jobs to a state. The national average is 1. The top 10 “app intensity” states and intensity figures are:

  1. Washington = 4.472
  2. California = 2.713
  3. Massachusetts = 1.714
  4. Oregon = 1.705
  5. Georgia = 1.566
  6. New Jersey = 1.297
  7. New York = 1.168
  8. Virginia = 1.049
  9. Delaware = 0.9310
  10. Colorado = 0.90

The research was conducted by Dr. Michael Mandel and Judith Scherer of South Mountain Economics, LLC.

‚ÄúThe app industry is a borderless economic force, providing opportunity across the country–even in places we might not expect,‚Äù said Jon Potter, President of the Application Developers Alliance. ‚ÄúIn a challenging economic environment, the app industry has created more than a half million jobs in the five years since Apple‚Äôs iPhone launched. This new industry is propelling innovation and jobs in urban centers and rural states. And this is just the beginning.‚Äù

“Mobile apps are creating a tectonic shift in how everyone lives their lives and operates their businesses,” said Alex Moazed, president and CEO of Applico and member of the Alliance Board. “As a result, jobs are being created across the spectrum Рboth technical and non-technical.”

As per CTIA, there are more than 2.4 million apps available on more than 11 different operating systems from more than 28 independent non-carrier stores. In 2011, the mobile app revenue was almost $10 billion. By 2016, it is expected to be more than $46 billion.

Read the full “The Geography of the App Economy” study – Download (pdf)

Dow Corning Corp. to Invest $117M in Williams Township, MI

The Midland, Michigan-based Dow Corning Corporation announced that it will be investing $117 million for expansion, research and modernization at its manufacturing plant in Williams Township.

Dow Corning

Photo – Dow Corning

The new investment and expansion will create 73 new jobs to add to the existing 270 employees at the plant.

Dow Corning is a multinational corporation with 10,000 employees around the world. The company was formed as a joint venture between Dow Chemical and Corning in 1943 to explore and develop the potential of silicones.

Dow Corning now has more than 7,000 products and services, and is a majority shareholder in the Hemlock Semiconductor Group, a leading provider of polycrystalline silicon and other silicon-based products used in the manufacturing of semiconductor devices and solar cells and modules.

Given their focus on research into semiconductors used for solar technologies and alternative energy systems, the Dow Corning plant in Williams Township has virtually limitless possibilities for more growth and expansion.

Brian Money, site manager for Dow Corning, confirmed that the new investment in the Williams Township plant would at least partially be used for silicon carbide wafer research, development and manufacturing.

These silicon carbide wafers have extensive applications in high power electronics systems, and help in improving the energy efficiency of the systems.

To be specific, silicon carbide wafers are used to create components that are used in inverters that convert stored DC power from batteries into AC power for commercial and residential use. They are also used directly in power supplies for servers, and for electric train locomotives.

In return for making the investments and creating the new jobs, Dow Corning was provided two tax abatements as part of an incentives package put forward by the Michigan Economic Development Corporation (MEDC), Bay Future and Williams Township.

In addition to this plant expansion, Dow Corning has also pledged to take up 100,000 sq ft of space as one of three anchor tenants for a new development project in downtown Bay City, Michigan.

Donald Sheets, Dow Corning executive vice president and CFO, said that 400-500 employees will be moved into the new office space. He said that the new location will help the company attract talent, and added that Dow Corning employees from all over the world were interested in relocating to Bay City.

The Krystal Co Relocates Corporate Office to Atlanta

The Krystal Company announced that it is relocating its corporate office, which they call an RSC or Restaurant Support Center, from Chattanooga, Tennessee to a new location in North Atlanta, Georgia in early 2013.

The Krystal Co

The Krystal Co (Photo – neror/flickr)

The move affects about 60 RSC employees in Chattanooga, who will have the option of applying for the same positions in the new office in Atlanta.

The company said in a statement that the move will have no negative impact on the more than 6000 employees that work at over 350 Krystal Co restaurants.

They did note that the move to Atlanta will allow them to offer better support for the restaurants and enable the company to open an additional new restaurant each year over and above current expansion plans that will add 40 more jobs. Krystal plans to open at least 150 new restaurants in the next five years, creating thousands of new jobs.

The company’s president and CEO Doug Pendergast said the move is mostly about Atlanta’s central location that will help them manage and expand the company faster.

“Chattanooga has been a wonderful home for Krystal, and we appreciate the support of the community,” said Pendergast. “Our five-year plan calls for aggressive new store growth and Atlanta provides a more central location with access to the one of the country’s largest airports. Our new support center will enable us to provide better support to our existing restaurants and to accelerate new restaurant development across the southeast.”

“Our greatest regret is that while this move makes tremendous business sense, it impacts the people who have helped make this company what it is,” added Pendergast.

The company says that its RSC employees who choose not to relocate to Georgia will be offered severance packages and job search assistance. Krystal will continue to maintain a significant presence in Chattanooga and Tennessee, and will mostly likely choose Chattanooga as the site for its official Krystal museum.

The Krystal Company was founded in 1932 in Chattanooga and acquired by the Argonne Capital Group earlier this year. They currently have more than 350 company-owned and franchised locations in 11 states.

Jobs Expected To Increase By 1.8 Percent In Kansas For The Next Upcoming Year

www.degreedriven.com/

The state of Kansas is expected to have jobs increase by approximately 1.8 percent for the next upcoming year.

Economic researchers at the University Of Wichita State conducted the study and predict business to pick up in the state of Kansas. The center for business research and economic development pinpoints that nearly 24,000 jobs are expected to be created for the next upcoming year. The majority of the new jobs are expected to be created in sectors such as health services, business services, education, leisure and hospitality. Job losses are also expected in the industries of information and government. A Director for the research group points out that consumer demand is weak but sales in the retail industry have gone up.

Some other important factors include:

1)      Income growing in collaboration with the rate of inflation

2)      Filing for bankruptcies are lower than expected

3)      Business loans have also increased

Director Jeremy Hill pinpoints that businesses are ultimately well capitalized but there is great uncertainty. As soon as the clouds are pushed away, progress can begin in the state of Kansas. Businesses are expected to tip toe as they gain traction. Business growth will occur whether Mitt Romney or Barack Obama is elected to be president.

Hill finally states that the new businesses will move forward no matter if the environment is hostile. The economy could still fall off a cliff towards the end of the year. A recession can still rise up in the near future. Federal Government cuts are also another factor which is not taken into consideration. The spending cuts are expected to be approximately 9 percent. The defense cuts would negatively affect the aviation economy in the state of Kansas. The automatic cuts were also properly mandated.

Overall, the expected job increase numbers is positive news to the state of Kansas.

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Organizations In Northeast Ohio Receive Recognition For Economic Development Efforts

Many organizations in the region of Northeast Ohio recently received international recognition for its economic development efforts.

whotalking.com/

The company called Jumpstart received the gold recognition in the particular category of entrepreneurship. On the other hand, NorTech received the gold award in the particular category of technology. The chairman of the International Economic Development Council acknowledged NorTech and Jumpstart for coming up with an efficient strategy to ultimately boost economic development during dire times. NorTech was honored for its model called the Regional Innovation Cluster. The model helped to identify regional innovation clusters and boost growth. The model for NorTech has an “InSeven” process which focuses upon particular metrics and strategic interventions.

The NorTech model is ultimately applied to a variety of technology industries and is ultimately a driver for growth in the economy. The model can literally be applied to a variety of technology industries and any organization that is part of the value chain.

The chairman of NorTech pinpoints that Northeast Ohio has become a model of economic recovery through:

  1. Innovation Based Assets
  2. Entrepreneurial Structure which is fundamentally strong
  3. Manufacturing Sector

The economic development initiatives are built on a private-public partnership. The foundation that has been set will assist emerging industries as they have a positive economic impact. The award for Jumpstart was given out to its nonprofit sector. The award was given out on the basis of “accelerating entrepreneurial successes”. Jumpstart assists the Northeast region of Ohio by providing assistance and investments to entrepreneurs who are leading high growth startup companies. Jumpstart is currently developing economic development approaches which are high impact. The plan focuses upon existing and new high growth companies in the state of Ohio.

The focus on collaboration has ultimately allowed development efforts to advance more efficiently. Overall, the development awards are well deserved as businesses were properly assisted.

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Lenovo To Open U.S. PC Manufacturing Plant in Whitsett, NC

Lenovo, the world’s second-largest personal computer vendor, announced that it has chosen Whitsett, North Carolina as the site for its U.S. manufacturing plant.

NC Gov. Bev Perdue and other local and state officials join Lenovo executives for U.S. plant announcement

NC Gov. Bev Perdue and other local and state officials join Lenovo executives for U.S. plant announcement (Photo – blog.lenovo.com)

The new Lenovo plant near Greensboro will create 115 new manufacturing jobs, with workers building the company’s Think-branded notebooks and desktop PCs for sale to domestic businesses, government agencies, education institutions, as well as ordinary consumers.

“Lenovo’s decision to create electronic manufacturing jobs in North Carolina is a tremendous vote of confidence in the great skills and productivity of our state’s workforce,” said NC Gov. Bev Perdue. “We have a strong track record of commitments to education, training and economic policies that promote growth in our state’s manufacturing sector. This decision by Lenovo clearly demonstrates that North Carolina is an attractive place where leading global businesses can thrive.”

The manufacturing is already under construction and will be operational by 2013. It is being built within Lenovo’s newly expanded 240,000 sq ft U.S. distribution center in Whitsett. Hiring for the manufacturing and related positions will begin later this year.

Lenovo said in a statement that it believes having a manufacturing component in the U.S. can provide the capability to deliver products to customers more quickly and reliably in many situations, while offering an even broader and more valuable set of PC-related services.

“Lenovo is establishing a U.S. manufacturing base because we believe in the long-term strength of the American PC market and our own growth opportunities here,” said Yuanqing Yang, chairman and CEO, Lenovo. “As Lenovo expands globally, we are establishing even deeper roots in each major market. In addition to localized sales and marketing teams, in our major countries we are establishing an even stronger manufacturing footprint, investing in R&D and ensuring that we hire top local talent.”

“Adding this manufacturing capability in the U.S. is a unique operational approach that sets us apart from our competitors,” said David Schmoock, president of Lenovo North America. “At Lenovo, we aim to innovate and pioneer, whether it’s the products we offer or finding new ways to engage customers by transforming the operations that support them.”

Their global approach is the result of the way the company as it is today was created. The Lenovo Group was founded in Beijing, China in 1984 and acquired the IBM personal computing division in 2005. Today, Lenovo is co-headquartered in Beijing, Singapore and Morrisville, North Carolina.

Lenovo is the world’s second largest PC vendor after Hewlett-Packard. Lenovo generated 2012 revenues of $29.57 billion which resulted in net earnings of nearly $473 million. The company was 27,000 employees in divisions spread all over the world.

Microsoft in the Running for Innovation Center on DC Campus

Washington D.C. Mayor Vincent C. Gray and his economic development team have picked Microsoft Corp. (NASDAQ: MSFT) as one of the three finalists for setting up a facility in a prime 180-acre campus opposite the soon to be consolidated headquarters of the U.S. Department of Homeland Security (DHS).

St. Elizabeths East

St. Elizabeths East (Photo – stelizabethseast.com)

Back in July 2012, the D.C. Office of the Deputy Mayor for Planning and Economic Development put out a request for proposals for a facility that would serve as the centerpiece for District-wide efforts to diversify the local economy.

The site is the approximately 180-acre east campus of St Elizabeths Hospital. The similarly sized west campus across the street has been taken over for the massive new DHS HQ that will house between 14,000 to 17,000 federal employees.

As such, the original plan was to create an anchor institution for the east campus that would attract a cluster and allow federal government agencies to partner with the private sector in support of innovation and commercialization.

They got 10 proposals, out of which three have been short-listed. Apart from Microsoft, the other two finalists are Atlanta-based SmartBIM and French lighting firm Citelum. Proposals rejected include one from the National Children’s Museum and another one from the Anacostia Community Outreach Center.

Microsoft submitted a proposal to build its first Microsoft Innovation Center (MIC) in the United States. The company already runs these MICs in 20 countries around the world, offering assistance and technology services for growing software companies.

SmartBIM wants to set up a training center for teaching how to make building improvements related to energy efficiency. Citelum just wants to open its U.S. headquarters with an office and research lab if it is given the campus space.

Mayor Vincent Gray is said to be leaning in favor of Microsoft, but DC may end up dealing with all three companies. This particular 180-acre project is just one small part of the redevelopment plans for St. Elizabeths. The District has already allocated a stunning $122 million on planning efforts and infrastructure improvements.

By the time they are done with it all, Washington D.C. will have a new economic hub with 5.5 million square feet of space occupied by universities, retail outlets, huge office buildings and residential developments.

Find out more about the project at stelizabethseast.com.

Economy Was Main Issue In First Debate Between Obama and Romney

www.usatoday.com/

President Barack Obama and Republican candidate Mitt Romney had their first debate of the year and the economy was the main issue.

Mitt Romney points out that President Obama has failed in leading the country out of economic turmoil. Romney states that he will propose the proper solutions to ultimately fix the economy.

In contrast, President Obama asked for Americans to be patient as the implementation of the policies is expected to work over time. Obama warns that changing course would be detrimental as economic progress is slowly occurring.

Many critics pinpointed that the policies would improve the middle class but Obama and Romney often times talked over each other. Critics also elaborate on how Obama did not criticize the economic policy that was proposed by Mitt Romney. Many liberals were disappointed with the performance by Obama while conservatives were proud of Romney and his aggressive stance on issues and the debate itself.

Obama did strike back at certain points of the debate as he pinpointed the failure of a top down approach and stated that a thriving economy is due to a vibrant middle class. President Obama focused on how government intervention is essential in ultimately “spurring economic growth”. Mitt Romney wants the government to stay out of the way and wants businesses to create much needed jobs in the U.S. economy.

Mitt Romney stated that many families that are middle income are being crushed as President Obama has failed to assist them. Republican candidate Romney seemed to be methodically critiquing the President and his failed policies while Obama seemed to be addressing reporters at times. Romney finally stated that it is time to follow a new path to economic recovery as President Obama has led Americans astray.

Overall, the debate was heated on both sides but both men agree that the economy needs to be stimulated as Americans struggle.

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Gov. Cuomo Sets Out For Statewide REDC Progress Tour

New York Governor Andrew M. Cuomo kicked off a statewide Regional Economic Development Council (REDC) progress tour in Syracuse, where he toured Central NY priority projects to verify, firsthand, their progress and their economic impact in the region.

The New NY Works for Central NY

The New NY Works for Central NY (Photo – Office of the Governor)

The central NY visit is the first stop on the Governor’s REDC Progress tour, organized as part of a review of last year’s strategic economic development plans and job-creating projects.

The Central NY REDC then provided a formal presentation outlining the progress they have made in advancing last year’s strategic plans and projects, as well as their endorsed projects for the coming year to the Strategic Implementation Assessment Team at Syracuse University.

“New York no longer has a one size fits all approach to economic development, and now we are seeing the benefits of this new way of thinking throughout the state,” said Governor Cuomo. “As you can see in the Syracuse area, the regional council has developed a plan that fits its region best and that plan is creating jobs, growing the economy and transforming neighborhoods.”

“Last year, the Central NY REDC developed a strategy that will help grow our local economy and create quality jobs for our residents,” said the Central NY REDC co-chairs Nancy Cantor, chancellor and president of Syracuse University, and Robert Simpson, president of CenterState CEO.

The Governor “borrowed” a city bus and sat down for the ride next to Nancy Cantor. It was apparently an exciting trip for the Cuomo cabinet too, because the NYT says they lined up eagerly in rows behind the Governor, like “schoolchildren on a field trip.”

One of the projects Gov. Cuomo visited was the Syracuse Center of Excellence (CoE) that was awarded $3 million to complete the New York Energy Regional Innovation Cluster (NYE-RIC) project and create nearly 50 jobs. NYE-RIC will develop innovations in products and services to reduce energy consumption in buildings across New York.

This is one of the 74 Central NY projects that were awarded a combined $103.7 million in state resources through the Consolidated Funding Application (CFA) process In the first round of the Regional Council initiative.

Currently, 68 of the 74 projects have met the first performance milestone including the execution of contracts with the State, and 90 percent of the active projects are estimated to be finished by the end of 2014.

Competitive funding for this year’s projects is likely to be awarded based on how well last year’s projects do, so this tour is not just about publicity. What the Governor and the assessment team see during this statewide tour will determine how much each Regional Council gets this year.

‚ÄúGovernor Cuomo’s Regional Council initiative is taking New York from a state known as frustrater of business growth to a facilitator of new business and private sector job development,‚Äù said Empire State Development president, CEO and Commissioner Kenneth Adams. ‚ÄúThrough its first year, we have seen job-creating projects in Central New York and across the state start to take shape and pay dividends in new jobs and economic activity to boost our local economies.‚Äù

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