Driven by IMCO Carbide Tool’s significant investment into its Wood County operations, the Northwest Ohio region experienced a strong third quarter in a three-month period highlighted by a diverse mix of industry activity.
For the third quarter, the Regional Growth Partnership reported total capital investment by businesses of $637 million across Northwest Ohio, leading to the creation of 231 new jobs. For the year, the 17-county region has attracted 1,231 new jobs and nearly $1.5 billion of capital investment.
For IMCO, the company will hire at least 92 people to support growing demand for its product. The $39 million expansion will include a 15,000 square-foot addition as well as a new product demonstration and sales training auditorium for customers.
“We recognize and thank the businesses which drive the economic growth for Northwest Ohio. Our job, along with our regional and state partners, is to create an environment conducive for business growth. And we’re seeing the success of those efforts evidenced by the continued investments coming from companies.”
- Dean Monske, President and CEO, RGP
The primary sector in the third quarter was advanced manufacturing, which brought in 170 new jobs and more than $47 million of investment.
Other significant projects in Q3 included:
