Corporate Investments Continue to Pour into Ohio
6 Jun 2022
News
This report is a summary of third-party economic research and perspectives to foster communication with business and economic development stakeholders.
Key Economic Insights
- U.S.: 390,000 jobs were added in May; U.S. unemployment rate remained at 3.6%.
- Ohio: Ford announced plans to invest $1.5B and create 1,800 new jobs in Avon Lake to assemble an all-new electric commercial vehicle for Ford Pro customers (debuting mid-decade), along with an additional 90 jobs and $100M investment between Lima Engine and Sharonville Transmission plants.
More Topics
The State Theater prepares to come back to life
May 28 2022When Rod Hatfiled thinks back to the years of his youth in Springfield, he has fond memories of time spent at The State Theater.
And so do his business partners Nick Demana, Patrick Field, and Dr. Ash Ahmed, who together make up the local investment organization Altered State Group...
Winans Chocolates & Coffees (Winans) has two locations in Springfield. Their handcrafted chocolates are made in nearby Piqua using pure ingredients like sugar, milk and butter. When combined with their specialty coffee, it’s easy to see why Winans has a strong following throughout Ohio. “Our Springfield locations are very popular...
Headquartered in Springfield, Ohio, Sheehan Brothers Vending provides vending, office coffee, and retail catering services to the west central and southwest areas of Ohio. They are family-owned and serve over 400 customers in a 22 county area. Patrick Sheehan, President of Sheehan Brothers Vending said, “We have been in business...
