The innovation hub is expected to create 1,600 jobs and a $284 million economic impact over the next five years.
A Toledo consortium is asking the state of Ohio for a $31.4 million grant to create a tech hub to advance glass-making and recycling.
A Toledo consortium of universities and glassmakers have narrowed their request for state tech hub funding to glass-only research.
A Toledo consortium of universities, First Solar Inc., and glassmakers intends to apply for $35 million.
The Toledo consortium of glass and solar companies that missed out on a $100 million federal tech hub designation is staying together and planning projects to establish a track record of results.
With or without federal tech hub funding, First Solar Inc. plans to continue its growth trajectory in research and production in the Toledo area, local plant manager Jason Mesteller said Tuesday.
A Toledo consortium of glass and solar companies has been denied designation as a federal innovation hub, missing out on at least $30 million initially and perhaps more than $100 million over time.
Toledo and northwest Ohio can generate 9,000 jobs and $4 billion in economic impact if designated a federal innovative hub by the U.S. Economic Development Administration, a consortium of local industry and civic leaders said in a grant application.
Toledo-area leaders vying for state and federal funding met Thursday morning with Lt. Gov. Jon Husted to make their pitch for why Toledo should receive a share of $125 million to establish an Innovation Hub.
Toledo is in a full-court press to be named one of 20 federal tech and innovation hubs across the United States.
Toledo business leaders want an innovation-hub designation and, with it, potentially tens of millions of dollars in grants.
Mr. Husted visited the campus of O-I Glass to promote the “innovation hub” project, a $150 million initiative proposed by Governor Mike DeWine.