Evaluating labor costs shouldn’t be labor intensive. Here are some handy tips for sorting your way through conflicting data sources and calculating wages at a prospective site.
Ohio Companies Making a Material Difference in Advanced Energy In recent years, Ohio has made significant commitments to the support of advanced and alternative energy solutions, including the adoption of renewable portfolio standards and a State Job Stimulus program in advanced energy. Ohio Third Frontier also has made major investments, accelerating the success of advanced energy projects and industries in Ohio. Underlying many of the successes in advanced energy is Ohio’s breadth and depth of world-class competencies in the area of advanced materials, which has also been a major focus for investment by Ohio Third Frontier. Whether improving on more mature energy technologies such as wind turbines or leading the development of next generation solar, research and commercialization of advanced materials is making Ohio a recognized source for alternative and renewable energy solutions. Located in Kent, AlphaMicron, Inc. has been capitalizing on the depth of liquid-crystalline materials expertise that has emerged at Kent State University over the past two decades and has given rise to the Liquid Crystal Display industry. A major product focus of the company has been the use of liquid crystal materials to create actively lightening and darkening lenses for motorcycle helmets, ski goggles, and designer sunglasses. The same switchable property of the liquid crystals that makes these applications possible is now being applied, with Ohio Third Frontier funding, to an energy conservation product. AlphaMicron is developing the world’s first auto-adjusting “Adaptive Window.” The window is based on the company’s VALiD™ liquid crystal-based technology to create an adaptive film that can be laminated to windows and has a self-regulating and photovoltaic-powered electronically controllable tint. The window will transmit more winter sunlight to assist with heating and less summer sunlight to minimize overheating, thus transforming windows from a source of energy loss to one of energy gain. Market applications targeted for AlphaMicron’s window include greenhouses, automobiles, and office and residential buildings. Several years ago, Miamisburg’s WebCore Technologies, Inc. began working closely with leading research laboratories including the Air Force Research Lab, located at the Wright-Patterson Air Force Base in Dayton and the NASA Glenn Research Center in Cleveland, to develop an advanced polymer composite panel system. Initially, the product concepts focused on marine (e.g., bulkheads) and infrastructure (bridge decks) applications that could benefit from the new material which is lighter, stronger, and more durable than the steel and other metals it would replace. These very same properties may make WebCore’s technology an ideal material solution for the wind power industry. The company is now developing the TYCOR® polymer […]
A collaboration with top CEOs combined with new renewable energy incentives creates a new engine for job growth in the Grand Canyon State.
As the slow pace of the economic recovery continues to impact many industries, you will need to restructure your distribution networks to maximize efficiency and minimize miles to capitalize on better economic days to come.
Governor Dave Heineman’s long-term approach has put in place a solid foundation for a thriving, diversified economy with a home-grown workforce.
From the Desk of the Editor in Chief
The Illinois General Assembly has passed—with overwhelming bipartisan support—an Angel Tax Credit that incentivizes early-stage investment in Illinois technology companies. The governor is expected to sign the bill (SB 2093) or a second measure (SB 3710) with an identical Angel Tax Credit sent over to the Senate yesterday by the House. The legislation, which when enacted will be effective on January 1, 2011, provides “angel” and early-stage institutional investors with a capped 25 percent credit against state taxes when the investors provide funding to small, early-stage technology firms. The effort to enact the credit was led statewide over a two-year period by the Illinois Biotechnology Industry Organization (iBIO), which built a large statewide coalition in support of the measure. iBIO’s President and CEO David Miller hailed the bill’s passage as a major step forward. “Today’s most powerful job engines are small innovative firms. Yesterday Illinois took a huge step in helping to create and attract those companies,” he said. “It’s great news for our economic recovery and for the future of Illinois.” The Kauffman Foundation, National Academies of Science, Brookings Institute and others have identified small innovative companies as the keys to global competitiveness and job creation, identifying them as major drivers of tax revenues and needed public services. Although Illinois is a leading state for many types of basic research, it has lagged other states in providing supportive programs for early-stage technology firms. “The Angel Tax Credit constitutes a big step in changing that situation,” Miller said. “The sleeping giant is waking up.” Miller praised members of the state General Assembly. Senator Dan Kotowski (D-Park Ridge) authored the bill that passed and pushed relentlessly for its passage. According to Miller,“Senator Kotowski deserves great credit and the community’s heartfelt thanks.” The primary legislative champion for the Angel Tax Credit and other startup programs in the General Assembly over the last two years, Miller said, was Rep. Susana Mendoza (D-Chicago). “Rep. Mendoza is an inexhaustible champion for building jobs and prosperity in Illinois,” Miller said. “She created a remarkable coalition of advocates in the House and worked with the leadership, other legislators and Governor Quinn’s office to make this happen. Illinois’ innovation community couldn’t ask for a better supporter.” “To make important changes in state policy, you need tireless leadership. iBIO provided that leadership. Without iBIO’s unflagging devotion to the twin causes of technology startups and job creation, this never would have happened. Illinois is a better place to do business today because of iBIO,” responded Rep. Mendoza. According to House Majority Leader Barbara Flynn Currie […]
A small news item caught our eye the other day, and we hope it is a sign of the times. This is what it said: “Twinsburg, Ohio and Solon, Ohio, have agreed to limit the tax incentives they can offer to lure businesses away from each other, hoping rather that economic development for both communities will improve with regional cooperation.” These two neighbors in the Buckeye State are on to something that is much more important than simply declaring a partial truce in their competition to secure new businesses for their communities. The unity of purpose they have embraced is sorely needed everywhere, for challenges big and small. This same spirit can keep the world from tipping over the precipice of proliferating weapons of mass destruction. It can lift regions and nations out of an all-encompassing economic malaise. It can convert destructive gases into renewable resources that will not threaten our most precious lands and oceans. It might even convince our leaders to put aside their political mudfights and conduct the public’s business to the benefit of all. And it can honor a courageous heritage bestowed upon us from those who came before us. It is our responsibility to preserve this legacy and deliver it unbroken to the generations to come. On Monday, we will remember all of those who came together and made the ultimate sacrifice to defend our liberty. Their common purpose and courage is a beacon that lights our way as we move past the dark shadows that threaten our future. It is up to us to lift that beacon and carry it forward, which can only be done together. Have a great holiday, everyone.
Intrasphere Technologies, which provides consulting services to the life sciences industry, plans to relocate its offices to Jersey City, NJ next month, the Star-Ledger reports. The company intends to move 120 existing jobs to offices in the Harborside Plaza 10 building and plans to add another 180 jobs over the next two years. The New Jersey Economic Development Authority awarded the company a grant worth $12.4 million over the next 10 years (the money is paid out to the company as it creates the new jobs). Intrasphere plans to invest $965,000 in the relocation project. “New Jersey has made it clear to us that they are interested in our business and in helping Intrasphere to grow,’’ Samuel Goldman, the company’s co-founder and its chief operating officer, said in a press release issued by the economic development authority. “As a life sciences-focused company, it’s encouraging to be in the same state that many of our clients call home.’’ Goldman said the state’s Business Employment Incentive Program grant “was a key factor in having us make this decision.’’ Intrasphere, which was started in 1996, provides software and business services to life science companies, addressing such areas as drug safety, regulatory and business intelligence. In addition to its corporate offices, the company has a location in London.