Greater Akron Polymer Hub secures $41.65M investment
Staff Report / Akronlocal.org
The Polymer Industry Cluster, backed by the Greater Akron Chamber, has received $31.25 million from Ohio's Innovation Hubs Program for the Greater Akron Polymer Innovation Hub project. An additional $10.4 million from local partners brings the total investment to $41.65 million, with projections to create around 2,400 jobs and 500 STEM credentials while spurring an estimated $68 million in additional investments in the polymer industry over the next seven years.
This funding cements Greater Akron's position as a leader in the polymer industry, fostering innovation and economic development in Northeast Ohio. The goal is to draw in new businesses, talent, and concepts, establishing the region as a prominent global hub for polymer innovations.
The Polymer Industry Cluster, consisting of over 70 private and public partners, extends their gratitude to Governor Mike DeWine, Lt. Governor Jon Husted, and the Ohio Department of Development for their role in enabling this groundbreaking opportunity. The cluster looks forward to swiftly turning plans into reality as they stride towards the transformational impact outlined in the initiative.
Source: Greater Akron Chamber | Akron OH
Source Type: Business
Source Location: Akron
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