A leading electronic design and manufacturing company has chosen Northwest Ohio for a new production facility. Pinnacle Technology Group announced plans for a new location to accommodate its growth in the expanding LED lighting industry. The company expects to hire 35 new people to support this nearly $600,000 investment.
Pinnacle is a producer of high-quality electronics and designs for a diverse set of clientele, delivering comprehensive product life cycle support for electronic manufacturing. Its electronics design and manufacturing services result in products ranging from simple printed circuit board (PCB) assemblies to high-end electromechanical box builds.
Pinnacle is an outstanding company with an excellent track record – the Regional Growth Partnership and JobsOhio were proud to offer our support in bringing the company to Northwest Ohio,” said Dean Monske, president and CEO, Regional Growth Partnership. “Companies like Pinnacle have helped our advanced manufacturing industry continue to flourish, evidenced by nearly $1.5 billion of capital investment last year alone.”
The Regional Growth Partnership assisted Pinnacle in the site search process, looking to identify what the company described as the most efficient and convenient location. Ultimately, a site was secured in Maumee, offering immediate access to Interstates 80, 90 and 75.
“Toledo’s logistics assets make it easy and convenient for distribution to our customers,” said Rick Wasserman, president, Pinnacle Technology Group. “The efforts of JobsOhio and the RGP were extremely helpful in identifying the right location for our new facility and identifying grant opportunities for new equipment and machinery.”
Those opportunities included JobsOhio supporting the company’s overall machinery and equipment investment. The assistance will offset startup costs for equipment and facility build-out to efficiently manufacture high volume LED lighting products.
In addition to a comprehensive transportation network, Wasserman also pointed to the region’s diverse and skilled workforce to support the unique processes of the complex manufacturing operations. Pinnacle, according to Wasserman, delivers both electronic contract manufacturing services and private labeled medical training products, which uniquely positions the company as an expert in both electronic and final production processes.
The Regional Growth Partnership is a private nonprofit development corporation dedicated to fostering regional, national and international business investment opportunities in Northwest Ohio. The RGP serves as Northwest Ohio’s network partner for JobsOhio. Visit www.rgp.org for more information.