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Ohio Recognized as National Leader for Business Development and Job Creation
Date:9/9/2008

State wins Area Development Silver Shovel Award for significant boost to

economy

COLUMBUS, Ohio, Sept. 9 /PRNewswire/ -- Ohio's ability to attract multi-million dollar business development projects is being recognized by Area Development magazine, which awarded the state with its 2008 Silver Shovel Award. The Silver Shovel is awarded to states that have generated top job-creation and capital investment projects and are highly active in business development initiatives. Ohio was one of only two states in the nation with populations greater than 10 million to receive the Silver Shovel Award.

(Logo: http://www.newscom.com/cgi-bin/prnh/20071107/CLW113LOGO )

"This recognition highlights the continued collaborations with our partners across the state that help drive Ohio's economy and stimulate future growth," said Lt. Governor Lee Fisher, who also serves as the Director of the Ohio Department of Development. "We had many important achievements in 2007 in the areas of business and industry attraction, community and urban development, and innovation and technology. The hard work of our community and business partners is crucial to our economic growth and is what makes Ohio a state of great strength and promise."

The magazine highlights several of the state's 2007 capital investment and business successes, including Amylin Pharmaceuticals' expansion of its manufacturing operation in West Chester, Ohio; PCC Airfoils' new manufacturing facility for aircraft engine turbines in Painesville, Ohio; and Avon Products' new $115 million distribution center in Washington Township that will handle distribution for 50 percent of its U.S. sales. The three projects combined are expected to create 1,150 jobs.

According to the Ohio Business Development Coalition, the nonprofit organization that markets the state for capital investment, Ohio's business growth initiatives are part of a purposeful transformation of the state's economy. From sweeping changes to its tax climate, investments in advanced renewable energy technologies and a strategic plan for higher education, the state has taken several recent steps to be more business-friendly and better compete in a 21st century global economy.

Earlier this month, the Ohio Department of Development unveiled its strategic plan, a forward-thinking plan to change the state's economy by purposefully redesigning its business climate.

The state has determined the following three main areas to measure its success:

1. Grow the income of Ohioans

2. Create and retain jobs for Ohioans

3. Expand productivity through innovation

To view the strategic plan and the state's fifteen strategies to achieve these goals, visit http://www.ohiomeansbusiness.com.

One of the most significant initiatives supporting business growth is the state's Third Frontier Project, a 10-year, $1.6 billion initiative to help catalyze connections between companies and academia. The project is the state's largest-ever commitment to expanding high-tech research capabilities and promoting innovation and company formation that will create high-paying jobs for generations to come.

"Executives are realizing how, in Ohio, they're able to find the perfect balance between successfully growing a business and still enjoying life without sacrificing one for the other," said Ed Burghard, executive director of the Ohio Business Development Coalition. "Business owners profit from the bottom-line benefits of better work-life balance for their employees. Ohio offers low-cost, low stress communities in a combination of micropolitan and metropolitan cities. This diversity provides executives and employees the resources and time to make any ambition achievable. Ohio truly is the state of perfect balance."

For more information on Ohio's business development, business relocation and capital investment opportunities, visit http://www.ohiomeansbusiness.com


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SOURCE Ohio Business Development Coalition
Copyright©2008 PR Newswire.
All rights reserved

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