Top Ohio Business News of the Month
Ohio continues to be a destination for business and investment. With a diversified economy and talented workforce, Ohio has been attracting businesses and investors from all over the world. In this article, we will discuss the top Ohio business news of the month that highlights the state’s robust business climate and economic growth.
Amazon expands in Ohio with new fulfillment center in Akron
Amazon has announced plans to open a new fulfillment center in Akron, Ohio, adding another 500 full-time jobs to the state’s economy. This new fulfillment center will be equipped with advanced robotics technology to help improve the efficiency of Amazon’s operations. The company currently operates several fulfillment centers in Ohio, including facilities in North Randall, Euclid, and Monroe.
Procter & Gamble announces $50 million investment in Ohio manufacturing plant
Procter & Gamble, one of Ohio’s largest employers, has announced a $50 million investment in its Lima, Ohio, manufacturing plant. The investment will go towards expanding the company’s production lines for its Tide laundry detergent pods and Downy Unstoppables scent boosters. This expansion is expected to create approximately 40 new jobs in the state.
Cleveland-Cliffs acquires ArcelorMittal USA
Cleveland-Cliffs, a leading producer of iron ore pellets, has announced its acquisition of ArcelorMittal USA, a steel and mining company. This acquisition will make Cleveland-Cliffs the largest flat-rolled steel producer in North America. The deal is expected to significantly boost Ohio’s economy and add jobs to the state’s workforce.
Toledo-based company Therma-Tru expands its operations in Ohio
Therma-Tru, a leading manufacturer of residential doors, has announced plans to expand its operations in Ohio. The company will invest $6.5 million in its Maumee, Ohio, facility to add new equipment and expand the size of the plant. This expansion is expected to create 150 new jobs in the state.
Conclusion
Ohio’s diverse and robust economy continues to attract businesses and investment. From Amazon’s new fulfillment center in Akron to Procter & Gamble’s investment in its Lima manufacturing plant, businesses are choosing Ohio for its talented workforce and access to markets. With Cleveland-Cliffs’ acquisition of ArcelorMittal USA and Therma-Tru’s expansion in Maumee, Ohio’s economy is poised for growth and expansion in the coming years.
