Container Top
Homes   Jobs   Cars   Shopping
Search

Events Calendar

EVENT SEARCH:

In This Section


Most Read Stories


Blogs:


Pets:
Summit teams up with Rescue Waggin' to save dogs

The Heldenfiles:
HTTP Error 403

Patrick McManamon:
Touching on the Browns, Cavs

Akron Zips:
Opponent outlook: Northern Illinois

Browns Bulletin:
Single-game ticket sales begin July 11

Tribe Matters:
Wedge assured of job through season

Cleveland Browns:
Stallworth test showed marijuana

Kent State Sports:
Men's Basketball Scheduling update

Cleveland Cavaliers:
Updated: Free Agency: Another Gone - Apparently

All Da King's Men:
The Obligatory Palin Post

Blog of Mass Destruction:
Wow….Sarah Palin Resigns Governorship

Akron Law Café:
Abraham Lincoln and the Fourth of July

Varsity Letters:
Highland senior receives honor

See Jane Style:
Picnic Wear

Car Chase:
Where do We Go from Here?

Let's Talk Real Estate:
Happy 4th of July!

Ohio Travels with Betty:
Tom asks where to stay while visiting the football Hall of Fame.

Sound Check:
Rundgren fans rejoice!: Second night of AWATS at The Civic added

HRLite House:
Morscruethal Behaviors or Just Lip Service?

Akron Gamer:
Hot link: Best of Nintendo at E3

Two area industries applaud governor

Stimulus could benefit energy and biomedicine

By Paula Schleis
Beacon Journal business writer

Two industries that would benefit from Gov. Ted Strickland's ''Building Ohio Jobs'' plan are central to Northeast Ohio's own economic development goals.

BioEnterprise and the Ohio Fuel Cell Coalition were among those cheering Strickland's State of the State address Wednesday, which called for borrowing $1.7 billion to stimulate a stalled economy and create 80,000 jobs.

If his ideas win enough support to become reality, some funds raised by issuing bonds would be spent on advanced energy technologies and biomedicine.

The Akron area is a hub for
development of alternative energies, ranging from companies like Catacel Corp. in Garrettsville to Rolls-Royce Fuel Cell Systems in Jackson Township.

And the University of Akron, which is building a new research center supported by FirstEnergy Corp., was chosen to host this year's industry gathering at a two-day symposium in May.

The state has already been supporting such efforts through its Third Frontier Fuel Cell Initiative, and the investment is paying off, said Ken Alfred, director of the Cleveland-based Ohio Fuel Cell Coalition, which represents nearly 100 fuel cell organizations in the state.

Third Frontier ''is an example of an advanced energy sector program leading the way to new jobs in this emerging industry,'' he said.

Meanwhile, those involved in Northeast Ohio's renowned medical sector were applauding Strickland's call for a $300 million investment to grow biocompanies and the jobs they provide.

''We are pleased that the governor recognizes the impact this sector has on Ohio,'' said BioEnterprise President Baiju Shah. BioEnterprise works to find capital for bioscience companies in the region.

According to a recent study, the Ohio bioscience industry is responsible for $146 billion of the state's economic output (about 18 percent of the state's total) and 1.2 million jobs in the state.

Last year, Northeast Ohio bioscience companies attracted the second most venture capital of any region in the Midwest, second only to Minneapolis.

''The bioscience industry is quickly becoming the state's largest economic sector and is already its primary new job creator,'' Shah said.

And as with fuel cells, a Third Frontier program that has been supporting development of medical technology is showing the value of the state's investment.

''Ohio has made a long-term commitment to the bioscience industry that has already catalyzed thousands of new jobs and billions of investment dollars flowing into the state,'' Shah said.


Paula Schleis can be reached at 330-996-3741 or pschleis@thebeaconjournal.com.

Two industries that would benefit from Gov. Ted Strickland's ''Building Ohio Jobs'' plan are central to Northeast Ohio's own economic development goals.

Get the full article here.


Story tools

Email  Email   Print  Print   Save  Save   Reprint  Reprint   Popular  Most Popular   Reprint  Subscribe

Share this story

AddThis Social Bookmark Button
















Most Commented Stories