Ohio is a bustling state with a thriving business community. From large corporations to small businesses, there’s always something happening in Ohio’s business world. Here are the top breaking business news stories from Ohio that you don’t want to miss!
1. Procter & Gamble (P&G) Breaks Ground on New Manufacturing Facility
Procter & Gamble, one of the world’s biggest consumer goods companies, recently broke ground on a new manufacturing facility in Mason, Ohio. The new facility will produce P&G’s well-known household brands, such as Tide and Downy. The facility is expected to create more than 1,500 jobs and is slated to open in 2023.
2. Huntington Bank Finalizes Merger with TCF Financial
Huntington Bank recently finalized a merger with TCF Financial, making it one of the largest regional banks in the Midwest. The merger will bring together two major banking organizations, offering a broad range of financial services to customers in a 10-state network. The merged organization will continue to operate under the Huntington name, and the headquarters will remain in Columbus, Ohio.
3. Ohio-Based Start-Up Rideshare Company Raises $200 Million
Zoox, a start-up rideshare company based in Ohio, recently raised $200 million in funding. The company aims to create an autonomous rideshare service that can operate without a driver, improving safety while reducing the cost of transportation. The new funding will help Zoox accelerate the development of its self-driving technology.
4. Cleveland Clinic Ranked Among Top Hospitals in the Nation
The Cleveland Clinic was recently ranked as the second-best hospital in the United States by U.S. News & World Report. The hospital was recognized for its high-quality health care and outstanding patient outcomes. The Cleveland Clinic has been ranked among the top four hospitals in the nation for more than 20 consecutive years.
5. Fifth Third Bank Acquires Healthcare Financial Solutions
Fifth Third Bank, headquartered in Cincinnati, recently acquired Healthcare Financial Solutions (HFS), a healthcare-focused lender based in Raleigh, North Carolina. The acquisition will expand Fifth Third Bank’s healthcare lending capabilities, allowing it to provide more services to healthcare organizations across the country.
These are just a few of the top breaking business news stories from Ohio. From manufacturing and banking to healthcare and technology, Ohio’s business community is constantly evolving and growing. Stay tuned for more updates on the latest business news from the Buckeye State.
