With its commitment to leading the United States to energy independence and reinvented manufacturing base, Ohio is the perfect home for advance energy companies. One example is Vadxx Energy, a privately owned company that produces oil and gas from petroleum-based liquid and solid wastes with offices in Bedford Heights and Akron, Ohio.
Vadxx energy processes provide an alternative to drilling for oil or importing from foreign countries through a patented manufacturing process to transform petroleum-based liquid and solid wastes into energy.
With 25 years experience in the energy industry, CEO Jim Garrett has worked in the oil, gas and utilities fields. He is a native Ohioan with engineering and business degrees from Case Western Reserve University. Jim has been very active in nonprofit volunteer activities over the years. Presently, he is on the board of Lake County Alcohol, Drug Addiction and Mental Health Services. His present focus in the community is creating new jobs. Jim and his wife have three adult children. He believes Ohio offers "a balanced blend of business opportunity with a very diverse, comfortable and affordable personal lifestyle."
Whether you’re an aspiring entrepreneur or current business owner, Ohio provides the perfect location to build a profitable business. Ohio has led the nation in new and expanded businesses for the past four years and continues to be committed to supporting business development and growth. The state has redesigned its business climate with a low-cost tax structure, investment in 21st century industries and resources that will make your business more competitive around the world.
Ohio also provides an arsenal of incentives, loans, grants and tax credits to encourage business growth. Access to much-needed capital is also available to help efficiently and successfully transition your product or service from R&D to commercialization.
Take a look at this video that describes how Ohio is building new businesses and investing in entrepreneurs by helping them access capital and by providing critical support services.
Fall 2009 hiVelocity launched to share stories of the people, organizations and partnerships that are powering Ohio's new economy. To date, hiVelocity has published 52 feature stories, 26 Q&As and 260 Innovation & Job News stories.
In this video, Managing Photographer Ben French takes a look back at the best photos from hiVelocity's first year.
It's said that most startups fail within five years. Still, the possibility -- or experience -- of failure doesn't stop thousands of Ohioans from starting new businesses every year. hiVelocity talked to some successful Ohio entrepreneurs whose ingenuity and nimbleness led them to change direction or shelve ideas that weren't working. All three have different stories, but all recognized when it was time to change course and move on to new ideas.
Keri Jaehnig, founder Culturally Connected, LLC
Matthew Reddington, President & CEO TDC Group, Inc.
Jared Ray, president of XzamCorp and DemandIncrease
Whether you’re an aspiring entrepreneur or current business owner, Ohio provides the perfect location to build a profitable business. Ohio has led the nation in new and expanded businesses for the past four years and continues to be committed to supporting business development and growth. The state also provides an arsenal of incentives, loans, grants and tax credits to encourage business growth. Access to much-needed capital is also available to help efficiently and successfully transition your product or service from R&D to commercialization. Click here to find out more about the key benefits to starting your business in Ohio.
Read the full story of entrepreneurial success in Ohio from hiVelocity.
Sensors -- which can include any type of electromechanical device used to obtain data and feed it back for analysis -- have long had an impact on our lives. The heating and cooling of your car, your home security system, the quality of your drinking water -- all rely on sensors.
IDCAST is a beneficiary of Ohio Third Frontier funding. It was created with the support of a $28 million grant to the University of Dayton and partner organizations in academia, industry and the military to create Ohio jobs and technology innovation in the sensors industry.
“The idea of technology based economic development is key to what we’re doing here at IDCAST and it’s set up not only to develop technology, but to develop technology to create jobs,” said Larrell Walters, director of IDCAST.
Types of sensors being developed by IDCAST and other Ohio Third Frontier partners include pathogen detections systems to protect the military from chemical and biologic threats and biometric systems for facial and real-time fingerprint recognition that will help guard against terrorism. Research and development projects being conducted by IDCAST and its partners support the needs of the Air Force Research Laboratory and its Sensor Directorate, centered at Wright-Patterson Air Force Base. Additionally, companies throughout Ohio are partnering to provide the devices and equipment needed by the military.
In addition to sensor technologies, Ohio Third Frontier has fostered the emergence of new technology clusters across the state, including fuel cells, photovoltaics, advanced materials and biomedical imaging.
According to the 2009 "Making an Impact" report conducted by SRI, Ohio Third Frontier's strategies for investing in Ohio's high-tech clusters contain all the elements associated with global best practices in technology cluster development, and indicate that these investments are already generating positive economic outcomes for Ohio's economy in terms of growth in technology sector employment, output and wages. Since its inception, the Ohio Third Frontier has created, capitalized or attracted more than 600 companies, has created nearly 55,000 direct and indirect jobs and helped create $6.6 billion in economic impact in Ohio, a 9:1 return on investment.
Ohio's supply chain, workforce, innovative incentives, market access, low business and personal taxes, and work:life balance present a strong value proposition for high-tech companies analyzing potential investment locations.
With its commitment to leading the United States to energy independence and reinvented manufacturing base, Ohio is the perfect home for advance energy companies. One example is Vadxx Energy, a privately owned company that produces oil and gas from petroleum-based liquid and solid wastes with offices in Bedford Heights and Akron, Ohio.