logo
The products of the future are being made right here in Ohio — here's why

The products of the future are being made right here in Ohio — here's why

Axios01-04-2025

Ohio has a rich legacy of manufacturing goods across the state — and as 2025 continues, major companies are beginning new projects in the Buckeye State.
Here's why: Ohio's central location is one of its greatest assets for manufacturing companies.
With easy access to 60% of the U.S. and Canadian populations, an Ohio location can keep a company's supply chain running quickly and smoothly.
Ohio offers companies quick and easy access to shovel-ready sites throughout the state.
Companies benefit from partnerships with Ohio's educational institutions and workforce development network including universities, technical centers and community colleges, creating a robust pipeline of skilled workers for manufacturing and technology roles.
Why now: With supply chain disruption top of mind, C-suite manufacturing leaders value Ohio's strategic approach to reshoring vital technologies, including semiconductors, EVs and related technology, and other products.
The proof: Ohio has the nation's third-largest manufacturing workforce with 687,353 jobs — 5.3% of the total national manufacturing workforce.
Ohio's manufacturing GDP in 2023 was $131 billion, making it the fourth largest in the U.S.
What you need to know: JobsOhio is a company's competitive advantage — the team is available as a resource to guide the long-term growth and success of next-generation manufacturers looking to locate or expand in the state.
A nonprofit economic development corporation with its own private funding, JobsOhio can provide companies with financial assistance more quickly than publicly funded models.
How it's done: The organization helps companies leverage the state's manufacturing expertise, innovation and workforce to make the products of the future.
From site selection to workforce development, JobsOhio helps companies meet the needs of global manufacturers with its best-in-class business climate, superior workforce and vast manufacturing supply chain.
Some examples: Since 2022, major companies have partnered with JobsOhio to grow operations in the state, including:
Intel, which selected Ohio to manufacture semiconductors.
Honda and LG Energy Solution, which came to the state to build next-generation battery technology for electric vehicles and other products.
Joby Aviation, which selected Ohio to manufacture the electric vertical take-off and landing (eVTOL) air taxis of the future.
Plus, plus, plus: In January, Anduril Industries chose Ohio to build an advanced manufacturing facility — "Arsenal-1" — in Pickaway County to build cutting-edge military drones and other national defense products.
The project will create 4,000+ new jobs over 10 years, making it the largest single-job creation project in Ohio's history.
Arsenal-1 is projected to add nearly $1 billion to Ohio's GDP.
In other words: JobsOhio's expert guidance and access positions Ohio as the premier state for a company's next major manufacturing project.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Minister flags concern over BC Ferries' construction deal with Chinese shipyard
Minister flags concern over BC Ferries' construction deal with Chinese shipyard

Hamilton Spectator

time44 minutes ago

  • Hamilton Spectator

Minister flags concern over BC Ferries' construction deal with Chinese shipyard

British Columbia's transport minister says he has raised concerns with BC Ferries about its decision to have a Chinese shipyard build four new ferries for its passenger fleet, amid an ongoing trade conflict between Canada and China. Mike Farnworth says he's worried about procuring services from 'any country that is actively harming Canada's economy' with tariffs and protectionism. Farnworth's remarks come hours after the announcement by BC Ferries CEO Nicolas Jimenez that China Merchants Industry Weihai Shipyards had won the contract. Jimenez said he wasn't worried about geopolitical tensions between Canada and China, adding his primary focus was getting the province a good deal. Farnworth says in a statement that BC Ferries is an independent company, but he's disappointed 'more involvement from Canadian shipyards' wasn't part of the contract. The first vessel is expected to come into service in 2029 with the others following in six-month intervals. This report by The Canadian Press was first published June 10, 2025.

S&P 500 Gains & Losses Today: J.M. Smucker Stock Sinks, Tesla Shares Recover
S&P 500 Gains & Losses Today: J.M. Smucker Stock Sinks, Tesla Shares Recover

Yahoo

timean hour ago

  • Yahoo

S&P 500 Gains & Losses Today: J.M. Smucker Stock Sinks, Tesla Shares Recover

The S&P 500 added 0.6% on Tuesday, June 10, 2025, as investors awaited developments in trade negotiations between the U.S. and China. Tesla shares moved higher as social media posts from CEO Elon Musk promoted the company's upcoming robotaxi launch. Declining sales of sweet baked goods weighed on the performance J.M. Smucker, and shares of the food maker U.S. equities indexes climbed Tuesday as trade representatives from the U.S. and China engaged in talks for a second straight day. Both the S&P 500 and the Nasdaq ended the session with gains of around 0.6%, while the Dow was up 0.3%. Read Investopedia's full coverage of the day's trading here. Intel (INTC) shares surged nearly 8%, gaining the most of any stock in the S&P 500. Shares of other semiconductor makers also moved higher as the U.S.-China talks bolstered hopes for looser export restrictions. Although Apple (AAPL) said it will end support next year for Mac computers built with Intel's processors, providing more evidence of the transitional period faced by the chipmaker, analysts have expressed confidence in the ability of CEO Lip-Bu Tan, who took the reins of in March, to drive a turnaround at Intel. Caesars Entertainment (CZR) shares jumped 5.7%. TD Cowen analysts reiterated a "buy" rating on the casino operator's stock, noting that the company's loyalty program has helped drive entertainment, food and beverage, and lodging revenues to supplement its traditional earnings from gaming operations. The analysts also pointed to potential growth in its digital business. Tesla (TSLA) stock also added 5.7% as social-media posts from CEO Elon Musk hinted at the impending launch of the company's autonomous ride hailing service in Austin, Texas. Tuesday's move higher extended a recovery for the stock that kicked into gear during the previous session as tensions appeared to ease between Musk and President Donald Trump. Warner Bros. Discovery (WBD) shares advanced 5%, a day after the media conglomerate announced plans to split into two companies. One entity will house Warner's TV and movie studios along with the HBO Max streaming service, while the other will be home to its cable channels and the Discovery+ streaming service. The stock initially surged following the Monday-morning announcement, gave back those gains to end Monday's session lower, and then rose again today. Food maker J.M. Smucker (SJM) reported lower-than-expected sales for its fiscal fourth quarter of 2025, and its profit guidance for fiscal 2026 also came in below expectations. The maker of Folgers coffee and Uncrustables handheld sandwiches said that volume/mix impacts contributed to a year-over-year decline in net sales, especially declines in dog treats and sweet baked goods. Smucker shares sank nearly 16%, losing the most of any S&P 500 stock on Tuesday. Universal Health Services (UHS) fell 2.9% on Tuesday, extending losses posted in the prior session after the hospital operator's chief financial officer discussed a decline in the volume of surgical procedures at its facilities. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

US depends on Canadian oil, despite Trump's comments, Cenovus CEO says
US depends on Canadian oil, despite Trump's comments, Cenovus CEO says

Yahoo

timean hour ago

  • Yahoo

US depends on Canadian oil, despite Trump's comments, Cenovus CEO says

By Amanda Stephenson CALGARY (Reuters) -The U.S. relies on Canadian oil imports, despite comments to the contrary by U.S. President Donald Trump, Cenovus Energy CEO said on Tuesday. Trump has threatened on-again, off-again tariffs on Canada's oil, of which nearly 4 million barrels per day are exported to the United States. Canada is the world's fourth-largest oil producer, and fifth-largest natural gas producer. Trump has previously said the U.S. does not need to import goods, including oil and gas, from Canada. Canada's Prime Minister Mark Carney, who won a minority government in April on a wave of anti-Trump voter sentiment, has said the country's old relationship with the U.S. based on steadily increasing economic integration is over. Jon McKenzie, who heads oil sands company Cenovus and chairs the Canadian Association of Petroleum Producers industry group, said trade tensions between the two nations have highlighted the need for Canada to diversify its exports. But he said that need does not take away from the fact the two countries' energy systems are inextricably linked. "What hasn't changed is energy economics and energy physics. The reality is we are hardwired into the U.S. system," McKenzie said at an energy conference in Calgary, Alberta. Canada depends on U.S. refiners to buy the vast majority of its exported oil, while landlocked U.S. refineries in the Midwest are configured to process the grade of crude that Canada produces. McKenzie said Canada has the opportunity to grow its oil output in the coming decades, and added the country's new government needs to recognize Canada's co-dependence with the U.S. and seek to improve that relationship. "We need to make sure that we don't act viscerally when we're threatened, and that we act intelligently in our long-term interest," he said. As part of its response to the U.S. tariff threat, Carney has pledged to identify and fast-track projects of national interest aimed at helping Canada become what he calls a conventional and clean energy superpower. McKenzie said the oil and gas sector does not want the federal government to pick winners and losers by deciding which projects to fast-track. He said the industry instead wants to see broad regulatory reform that will remove barriers to investing in oil and gas projects. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store