Rail Investment Means Ohio Jobs
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More than 26,000 Ohio employees already tied to railroad industry
Columbus, Ohio – At least 225 Ohio businesses located across the state already benefit from investments made by the railroad industry, according to new research by the Ohio Rail Development Commission (ORDC) and the Ohio Department of Transportation (ODOT).
With more than 26,000 employees currently, many of those companies are gearing up for more work as part of the growing national reinvestment in passenger and freight rail, according to industry experts.
“This demonstrates that moving people and freight by rail means more to Ohio than just the trains rolling through town”, said ORDC Chairman James Bradley, who is also a retired CEO from Wheeling-Pitt Steel.
“I know a lot about the supply chain from my years as an executive in the steel industry in Ohio”, said Bradley, who believes Ohio may soon see even more rail-related business and jobs as demand grows for passenger and freight rail equipment.
While much of the public attention in Ohio focuses on the 3C “Quick Start” – a proposed 79 mile-per-hour passenger rail service connecting Cleveland, Columbus, Springfield, Dayton and Cincinnati – the ODOT/ORDC research shows that companies throughout the state, not just along the 3C corridor, stand to benefit from increased investment in rail.
The list of companies include industrial leaders such as Canton-based Timken Roller Bearing, major construction contractors, medium-sized companies that install track or crossing signals, and smaller businesses that provide goods and services to Amtrak.
Of the companies that offered employment numbers, the research identified at least 26,000 workers in Ohio – roughly the same as the population of the city of Chillicothe.
“Across the country there is a growing demand for new equipment and that’s good news for Ohio’s rail-connected supply chain and the many Ohioans who work for these companies, including Wheeling-Pitt Steel,” said Bradley.
Other industry experts see the potential as well. Dennis Harwig, Business Development Director for Columbus-based EWI (Edison Welding Institute), believes there’s significant growth potential in the passenger rail manufacturing market.
“The current urban rail market for passenger trains has averaged near $1.5 billion nationally for the last several years,” said Harwig. “Current projections indicate a $2-$3 billion market within the next 2 to 5 years, which grows to $4 to $5 billion as the national High-Speed Intercity Passenger Rail and Amtrak Fleet Replacement programs mature, and more urban rail systems come on line.”
The list of Ohio’s rail-related contractors and suppliers, as well as a map showing where the companies are located across the state, is available at 3CisMe.ohio.gov, the state’s online source for information about passenger rail.
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CLEVELAND, March 29 /PRNewswire/ – JumpStart Ventures, which invests in and partners with innovative, early-stage companies in Northeast Ohio, announced an investment commitment of $250,000 in Thermalin Diabetes Incorporated. The young biopharmaceutical company is developing new insulin treatments for patients with diabetes.
Thermalin’s insulin analogs, which are new proteins engineered to act like insulin, were developed at Case Western Reserve University Medical School by Dr. Michael A. Weiss, a Harvard University Ph.D. who has investigated the structure and function of insulin for more than 20 years. The company’s lead analogs include an ultra-fast meal-time insulin expected to have a near immediate absorption time and reduced post-meal hypoglycemia, and a long-acting basal insulin, expected to have ‘flat’ 24-hour action and reduced long-term side-effects. The ultra-fast insulin also maintains potency even after many months at relatively high temperatures, which makes it easier to transport and store in environments that lack refrigeration, such as mail-order delivery.
“Over the next 20 years, worldwide insulin sales are expected to grow from $12 billion to $54 billion,” said JumpStart Venture Partner Ted Frank, who will be providing Thermalin with entrepreneurial development assistance. “That growth, combined with the medical community’s interest in insulin with higher performance, fewer side effects, and storage flexibility, position Thermalin’s pipeline to be in high demand.”
With the JumpStart Ventures investment and entrepreneurial development assistance provided by Frank, Thermalin plans to validate its insulin analogs’ characteristics, secure a manufacturer, and move forward in the investigational new drug process with the Food and Drug Administration.
This investment represents JumpStart Ventures’ 60th investment in its 47th company.
About Thermalin Diabetes Incorporated
Based in Cleveland and built on technology developed by Dr. Michael A. Weiss at Case Western Reserve Medical School, Thermalin Diabetes Incorporated is developing clinically-superior, second generation, insulin analogs for the rapidly-growing $12 billion insulin market. Thermalin’s patent pending compounds include rapid-, intermediate- and long-acting analogs. With patents expiring on existing analogs in the next three to four years, Thermalin looks to form partnerships with large pharmaceutical companies that wish to market superior, next generation insulin therapies and plans to build a substantial new employer in Northern Ohio. For more information, contact Richard Berenson, Executive Chairman, at rick@thermalin.com.
About Dr. Michael A. Weiss
Dr. Michael Weiss, Founder and Chief Scientific Officer of Thermalin Diabetes Incorporated, has investigated aspects of the structure and function of insulin for more than 20 years. He earned his A.B., summa cum laude in Physics in 1978, his M.D., summa cum laude, in 1985, and a Ph.D. in biophysics in 1986, all from Harvard University. Dr. Weiss’ interest in insulin began during his post-doctoral studies under the supervision of Professor Karplus (Harvard Department of Chemistry) and the late Dr. L. J. Neuringer (MIT Magnet Laboratory). He has more than 150 publications, including four on his insulin analogs, which were named Papers of the Week by the Journal of Biological Chemistry within 12 months. Dr. Weiss is Board-Certified in Internal Medicine and is on the NIDDK’s board of Scientific Councilors. He lives in Cleveland and is Chairman of Biochemistry at Case Western Reserve Medical School.
About JumpStart Ventures
JumpStart Ventures is the investment arm of JumpStart Inc., a nationally recognized non-profit organization creating economic transformation by efficiently securing and providing resources to entrepreneurs leading high potential early-stage companies. JumpStart provides intensive entrepreneurial development assistance to entrepreneurs leading high potential, early-stage companies, acts as a champion for entrepreneurs by aggressively advocating for the entrepreneurial economy, and focuses on economic inclusion and activates that increase the success of minority and women entrepreneurs in growing high impact companies.
SOURCE JumpStart Ventures
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Ohio Energy Effeciency Block Grants
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Columbus, Ohio – Governor Ted Strickland, Director of the Ohio Department of Development Lisa Patt-McDaniel and Energy Advisor to Governor Strickland Mark Shanahan today announced that 28 Ohio projects will receive $15 million in grant awards funded through the American Recovery and Reinvestment Act’s Energy Efficiency and Conservation Block Grant: Local Governments program. These awards are part of the total $25 million allocated to the State of Ohio through the Energy Efficiency and Conservation Block Grant program.
“These counties and cities have recognized the importance of energy conservation, and will use these ARRA resources to lead the way in energy efficiency improvements,” Strickland said. “These projects will make our communities more sustainable and create jobs in a growing industry.”
Local county and city governments will use the funds to: implement energy efficiency retrofits and install energy technologies; utilize more efficient traffic signals and street lights; reduce and capture methane and greenhouse gases; and install renewable energy technologies on government buildings.
“The opportunity we have to increase energy efficiency is immense and needs consideration at multiple levels,” Patt-McDaniel said. “Our state’s local governments are utilizing critical recovery resources to implement energy saving measures that will provide a lasting improvement to our economy.”
Proposals for Energy Efficiency and Conservation Block Grant: Local Governments were accepted beginning October 16, 2009. Projects submitted were selected through a competitive review process based on several criteria: project readiness to ensure completion by July 20, 2012; innovation, transferability and collaboration; positive impact on the community; reduction in energy usage and fossil fuel emissions; and direct economic impacts in Ohio to create and retain jobs.
“These projects will boost energy efficiency, develop the advanced energy industry in local communities and save local taxpayers money by reducing the operating costs of local government,” Shanahan said.
Awarded projects exemplify the goals of the Recovery Act’s Energy Efficiency and Conservation Block Grant program to reduce fossil fuel emissions, improve energy efficiency in the public sector, and create or preserve jobs. The recipients include:
Cities:
- City of Athens (Energy Efficiency Retrofits) – $362,000 to replace lighting, motors, HVAC systems, and other equipment at the waste water treatment plant.
- City of Bryan (Street Lighting) – $540,000 to replace 1,246 street lamps and ballasts with more energy efficient lighting. The city estimates a savings of more than $1 million over 16 years through reduced maintenance and operations costs.
- City of Cambridge (Energy Efficiency Retrofit and Street Lighting) – $413,177 for the installation of energy efficient lighting, building controls and mechanical upgrades in seven city buildings, including city hall, the fire department, armory, street department, water treatment plant, water distribution garage, and sewage treatment plant. The measures were selected from a comprehensive energy audit completed in 2009.
- City of Kent (Energy Efficiency Retrofits) – $501,517 for the installation of a myriad of energy efficiency upgrades in 10 city buildings, including lighting retrofits, upgraded HVAC systems with automated controls, load-managing device sensors on vending machines, two hot water boilers, and many other improvements.
- City of Marietta (Energy Efficiency Retrofits and Renewable Energy Technologies) – $461,144 for the installation of many energy efficiency improvements to the Armory Square facility, including a HVAC system, windows and doors, high efficiency lighting, and roofing insulation. In addition, a 21.3 kilowatt solar electric system will provide on-site power and serve as an educational tool for visitors.
- City of Powell (Energy Efficiency Retrofits and Renewable Energy Technologies) – $821,861 on a major lighting retrofit to include the installation of LED and light sensors, along with a 77 kilowatt solar electric system on the roof of the municipal building. The city estimates an annual savings of $18,500.
- City of Steubenville (Traffic Signals and Street Lighting) – $579,520 to upgrade its 25-year-old city lighting system by replacing 340 street lights and 898 traffic signals with energy efficient LED bulbs. The city estimates annual savings of $96,847.
- City of Wilmington (Renewable Energy Technologies) – $352, 600 for the installation of a 58.3 kilowatt solar electric system at their waste water treatment facility.
- City of Wilmington (Methane Gas Reduction) – $309,393 for the installation of a 43 kilowatt electric generator and associated piping that can collect methane gas from the city landfill. The electricity generated will be used to power the city wastewater treatment plant.
Counties:
- Auglaize County (Energy Efficiency Retrofits, Energy Distribution, and Renewable Energy Technology) – $1,306,854 to renovate the county courthouse with lighting upgrades, HVAC systems, and the installation of a 20 kilowatt solar electric system.
- Carroll County (Energy Efficiency Retrofits) – $542,000 for upgrades to the HVAC system and lighting in the county courthouse and nursing home.
- Champaign County (Energy Efficiency Retrofit) – $342,166 to upgrade the electrical and mechanical systems of the Lawnview Child & Family Center with the installation of a variable refrigerant flow system designed with inverter technology to maximize energy efficiency.
- Clinton County (Renewable Energy Technologies) – $340,175 for the installation of a 58.3 kilowatt solar electric system at the county jail.
- Coshocton County (Energy Efficiency Retrofits) – $479,298 for upgrades to the HVAC system and lighting along with installation of load-managing controls on vending machines in 12 county buildings. The county estimates an annual savings of $34,965.
- Darke County (Energy Efficiency Retrofit) – $160,248 to install energy efficient lighting and to upgrade the HVAC system at the Anthony Wayne Early Childhood Center and Wayne Industries facilities.
- Hancock County (Energy Efficiency Retrofits) – $272,661 to upgrade the lighting system and replace furnaces in buildings on the county Job and Family Services campus.
- Lucas County (Energy Efficiency Retrofits) – $160,000 for interconnecting the boiler systems, which operate in two buildings, to allow the more efficient boiler to supply the majority of the heating load for both buildings and the flexibility to rely on one boiler or the other during maintenance.
- Lucas County (Energy Efficiency Retrofits) – $700,000 for the installation of building controls that allow for the real-time control of HVAC equipment. These controls will result in an estimated 20 percent reduction in operational cost of the equipment.
- Mahoning County (Energy Distribution) – $2,608,385 to replace the steam boiler system at Oak Hill Renaissance Place with modular, high-efficiency boilers that serve nine designated areas of the facility.
- Meigs County (Energy Efficiency Retrofits) – $260,942 for upgrades to HVAC systems in county buildings that include the installation of condensing water heaters and hydronic boilers.
- Muskingum County (Energy Efficiency Retrofit) – $1,265,544 to renovate a former junior high school building that includes an absorption cooling system. This facility will house the Muskingum County Business Incubator, which will use the cost saving results from the energy improvements to train business owners on implementing similar measures.
- Trumbull County (Renewable Energy Technologies) – $302,802 to install a 43.2 kilowatt solar electric system on the roof of the Job and Family Services building.
- Union County (Energy Efficiency Retrofit) – $314,844 to upgrade the HVAC system and controls at the county courthouse.
- Vinton County (Energy Efficiency Retrofits) – $542,498 to replace the existing boiler heating system in the courthouse with a new high efficiency variable refrigerant flow zone system.
- Wood County (Energy Efficiency Retrofits) – $173,097 to replace less efficient boilers at the county jail with condensing boilers, which will maximize fuel efficiency.
- Wood County (Energy Efficiency Retrofits) – $512,845 to replace windows in the county administration building that have broken frames or are inefficient due to low U-value.
- Wood County (Energy Efficiency Retrofits) – $220,348 to replace the boiler system in the county courthouse with condensing boilers, which will maximize fuel efficiency and include a connection for domestic hot water and a variable primary pumping system.
- Wood County (Energy Efficiency Retrofits) – $154,081 to replace windows, doors, and insulation at four county water pumping and wastewater plants.
View more information about the Energy Efficiency and Conservation Block Grant program and project details.
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