MAGNET and partners create jobs, grow NEO manufacturing with national grant
MAGNET, Medina County Workforce Development, Team NEO, and WIRE-Net have announced the completion of a noteworthy grant-funded project that has helped regional companies improve their competitiveness, create and retain jobs, and bolster their presence in Northeast Ohio.
The $1.8M, three-year grant, known as Make It in America (MIIA), was awarded to the four organizations by the U.S. Department of Commerce, the National Institute of Standards and Technology (NIST), the U.S. Department of Labor, and Delta Regional Authority. Aimed at encouraging businesses to expand domestic operations, the grant closely aligns with the mission of helping mid-size companies, particularly in biomedical, automotive, and advanced energy sectors that use innovative materials in their manufacturing processes.
The project, which closed at the tail end of September, yielded very positive results for the region, including:
$25M in new investments
68 new jobs created (exceeding initial goal of 50)
Up-skilling of over 200 incumbent employees and 40 dislocated workers
Additional training in CNC machining and welding that resulted in 24 workers finding full-time employment
The team worked with a number of other partners to execute this program, including BioEnterprise, NASA Glenn Research Center, and the higher education institutions of University of Akron, Case Western Reserve University, Cuyahoga Community College, Lorain County Community College, and Stark State College.
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