Case Study: Dana, Inc.
Dana, Inc. is a world leader in the supply of highly engineered drivetrain, sealing and thermal-management technologies that improve the efficiency and performance of vehicles with both conventional and alternative-energy powertrains. Serving three primary markets – passenger vehicle, commercial truck and off-highway equipment – Dana provides the world’s original-equipment manufacturers and the aftermarket with local product and service support through a network of nearly 100 engineering, manufacturing and distribution facilities.
With plans to develop enhanced versions of its industry-leading axles, Dana needed to determine where to build a new high-tech manufacturing facility to accommodate production. It was an extremely competitive search process, with Dana ultimately selecting a spec building in Toledo, where it will become the first tenant at Overland Industrial Park. The Toledo-Lucas County Port Authority owns the land and worked aggressively the past six years redeveloping the site. Dana plans to invest $70 million while creating more than 300 jobs at the new plant, building axles for the next-generation Jeep Wrangler at the nearby Fiat Chrysler complex as well as for another global automaker. The Regional Growth Partnership and JobsOhio worked together in creating a competitive financial incentive package for Dana.
Why Northwest Ohio?
The vision of the Toledo-Lucas County Port Authority working with a local developer in putting up a 100,000-square-foot spec building proved a major factor in accommodating Dana’s immediate needs. In addition, the company cited logistical assets, including the proximity of its suppler and customer base, which made Toledo an ideal fit. With its headquarters and R&D located in the Toledo region, Dana also had confidence in finding a talented and skilled workforce.