Ohio Investing In Cleveland Innovation District Patch 1/26/2021
CLEVELAND Ohio officials unveiled plans for the Cleveland Innovation District this week.
“The Cleveland Innovation District creates partnerships across different sectors of the economy and positions Ohio as a competitive place to invest in,” said Gov. Mike DeWine.
The project would bring together Northeast Ohio s health care providers and education institutions to create a pathogen research center. DeWine said the program could create 20,000 Ohio jobs over a decade, including 10,000 direct jobs in the health care and IT sectors and 10,000 indirect jobs. DeWine s office estimates the economic impact for Cleveland and Ohio will be $3 billion.
Central Ohio stands to pick up 240 jobs from two projects that received approval for state tax incentives on Monday, including plans by crafts and fabric retailer Joann to build a distribution center in West Jefferson.
The projects were among six to be approved by the Ohio Tax Credit Authority at its monthly meeting that will create 2,423 jobs and retain 18,458 jobs statewide. The projects will result in new payroll of $173 million a year and spur $347 million in investments.
Joann plans to build an 800,000-square-foot distribution center that will employ 175 people. The jobs will have an annual payroll of $5.7 million. The center is expected to open in 2022.
Through a $500 Million Partnership with the State of Ohio, JobsOhio and Ohio Development Services Agency, Cleveland Clinic Forms Global Center for Pathogen Research & Human Health
Funding supports research, education and 8,500 new jobs in Ohio
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CLEVELAND, Jan. 25, 2021 /PRNewswire/ As part of the new Cleveland Innovation District announced today by State of Ohio Governor Mike DeWine, Lieutenant Governor Jon Husted, JobsOhio and Ohio Development Services Agency, Cleveland Clinic will significantly expand its global commitment to infectious disease research and translational programs to form the Global Center for Pathogen Research & Human Health.
The new Center will position Ohio as an international leader for research into emerging pathogens and virus-related diseases and will serve as a significant economic catalyst in Northeast Ohio. Funding comes through a $500 million investment from the State of Ohio, JobsOhio and