Canton-Massillon MSA No. 1 –
Expansion
Management Magazine and the National Policy Research Council
looked at the facility relocation activity of 19 million companies
over the past eight years to determine the most popular destinations
for relocating businesses. In the midsize metro category,
Canton-Massillon was ranked number one in the nation. The
Canton-Massillon metro is made up of Stark and Carroll Counties.
The National Policy Research Council is a non-partisan think
tank dedicated to serving state and local policymakers. Expansion
Management’s goal was to identify cities and metro areas that
were the most successful in expanding their local economies
by attracting outside companies to locate there. The article
states that for the metros ranked high in the study, it represents
the best of all possible validation that their local economies
are on the right track. To read the entire article, please
click here.
Virginia Company Expands to Louisville – Magnetic
Technologies Corporation, a manufacturer of Dry Type Power
Transformers headquartered in Wytheville, Virginia, announced
the opening of its second facility. The company will renovate
the 100,000 sq.ft. former Ohio Transformer facility located
in Louisville, Ohio. Magnetic plans to relocate its current
Wytheville Dry Type Rewind and Repair business and also intends
to expand into Liquid Filled Power Transformer Repair and
Rewind Services at the Ohio facility. Magnetic, founded in
1985 in Wytheville, designs, services, and manufactures Dry
Type Transformers for specialty applications serving the industrial,
utility, military and commercial markets worldwide. The company
plans to hire locally 25-50 skilled and professional employees
in the next 12-18 months to support the new operations. To
read more about the opening, click
here for the Canton Repository article.
Cleveland Plus Business Development Activity –
On August 3-5, 2007, the Cleveland
+ partners, including SDB, hosted seven site selection
consultants to the “Jock” Familiarity Tour. Site selection
consultants help companies decide where to expand or relocate.
The Tour was built around the Pro Football HOF Enshrinee Dinner
on Friday and the Bridgestone Invitational Golf Tournament
on Saturday. The consultants were welcomed to the area by
Tim Timken at a reception held at Brookside Country Club.
They also had the opportunity to meet the NFL Commissioner
(Roger Goodell) and a few NFL owners. Several other SDB Trustees
were in attendance and sought out our guests to welcome them
to Stark County. The Timken Company and Diebold hosted the
consultants at the Enshrinee Dinner. One of the consultants
wrote a thank you note to the partners and described the Enshrinee
Dinner as a “magical” event. The next morning the group was
given a presentation on the Cleveland + Region by Jay Foran
of Team NEO. It was then on to Firestone where First Energy
hosted the group at a villa off the 16th green.
They had the opportunity to follow the golfers and to sample
the food provided by First Energy. The Tour ended with a dinner
at Lannings Restaurant west of Akron. Feedback from the consultants
has been very positive and we believe will result in leads
for our region. To read about the Cleveland Plus “Rock” Familiarity
Tour held in July that included a tour of the Rock & Roll
Hall of Fame, click
here.
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