polymers & chemicals Partner with the Industry Leader

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1 polymers & chemicals Partner with the Industry Leader

2 Quick Facts Employment 87,488 people Gross State Product (GSP) $13.7 billion Average Wages $56,461 Number of Firms 1,287 Rank in 2 nd 1 st the U.S. Plastics & Rubber Products Polymers Build your business in Ohio Ohio is a global leader in polymer and chemical research and production, and is poised to strengthen that standing through the development and commercialization of high value-added, technology-based products that meet increasingly demanding markets. More than $5 billion plastic and rubber products were made in Ohio in 2010, leading the nation in gross domestic product contributed by this industry. Low-cost energy and feedstock sourced in Ohio is a significant advantage for much of Ohio s chemical and polymer industries. In addition, developing Ohio s Utica shale presents a substantial opportunity for growth, one that the state has already been capitalizing. Between 2006 and 2009, Ohio gained more than 200 new polymer plants and expansions indicating how Ohio s industry assets can build a polymer business. World-leading research is conducted right here at the Center for Multifunctional Polymer Nanomaterial and Devices, in collaboration with several major companies and universities in Ohio, to enable new product innovations that decrease manufacturing costs and integrate advanced materials with advanced energy. Ohio offers a low-cost business climate with the lowest tax on new capital investment in the Midwest, an improved regulatory environment, and a highly skilled workforce across multiple industries. Partnering with us will help your business succeed at the highest level. Here are just a few reasons why Ohio is right for your business: Seven companies on Fortune s list of the 1,000 largest American companies have both polymer operations and their world headquarters in Ohio: Goodyear Tire and Rubber, Cooper Tire and Rubber, PolyOne, A. Schulman, Eaton, Parker Hannifin, and Owens Corning Nearly 9% of all U.S. polymer industry jobs are located here, more than double the number of workers per state capita in the country Akron is also known as the Rubber Capital of the World Exports of plastic and rubber products from Ohio had a market value of $1.99 billion in 2011, a 44.5% increase from the recessionary trough of 2009 Ohio employs more than 80,000 people at more than 1,100 companies that develop or manufacture polymers, rubber, or plastics 2 Partner with the Industry Leader

3 Air Five international airports Three regional airports Three air cargo hubs Road Eight major interstate highways; the nation s 4th largest interstate highway system Within a six-hour truck drive to Chicago and New York City Easy access to your customers and supply chain Ohio is recognized as a central business location with unbeatable access to most of the major manufacturing facilities in the United States. The state s top-notch logistics infrastructure is designed to get products to market faster, enabling Ohio companies to ship and receive goods, supplies, and resources without high transportation costs or expensive delays. Rail More than 5,000 miles of track 2nd most intermodals in the United States 4th largest network of operating railroads in the country Water Ports 716 miles of navigable waterways leading to the Gulf of Mexico and St. Lawrence Seaway Nine commercial ports on Lake Erie and multiple terminals along the Ohio River Fourth largest maritime state by tonnage moved Partner with the Industry Leader 3

4 Ohio s competitive business climate accelerates your growth Governor John Kasich has taken action to create a strong and sustainable business environment in Ohio. This includes a highly competitive tax structure, allowing companies to enjoy a low cost of doing business and success in the state. In fact, the state of Ohio has the lowest tax on new capital investment in the Midwest and the third lowest tax rate in the U.S. 6.8 % 6.0 % Minnesota Indiana 4.6 % Illinois Manufacturing EXTRAORDINARY LEVELS OF OUTPUT $ 5Billion 7.2 % 4.5 % Ohio Wisconsin Michigan 4.4 % in polymer resins, plastics and rubber Ernst & Young, May 2011 products were made in Ohio in 2010, leading the U.S. in gross domestic product contributed by this industry more than 8% of total U.S. production. Companies investing in Ohio enjoy a low cost of doing business through: No inventory tax No corporate income tax No tax on products sold outside Ohio No tax on gross receipts under $1 million No tax on machinery and equipment investments No tax on R&D investments All businesses are taxed at the same low rate. Headquarters THE PERFECT BASE OF OPERATIONS 7WORLD Headquarters Seven of the Fortune 1,000 have polymer operations and world headquarters in Ohio: Goodyear Tire and Rubber, Cooper Tire and Rubber, PolyOne, A. Schulman, Eaton, Parker Hannifin and Owens Corning. 4 Partner with the Industry Leader

5 Find the talent and educational resources needed for your polymer & chemical business With a labor market of nearly 6 million Ohioans, including more than 600,000 highly skilled manufacturing employees, Ohio has the dedicated and experienced workforce that companies need for both short- and long-term success. Governor Kasich spearheaded collaboration between industry and academia to develop a network that matches workforce needs and educational offerings. Many of these collaborations have been with community and technical colleges, which provide degrees, certificates, and awards for advanced skill training such as welding. Ohio also has more than 200 four-year colleges and universities, more than any other state in the U.S. on a per capita basis. selected technical & community Colleges Belmont Technical College Central Ohio Technical College Cincinnati State Community & Technical College Clark State Community College Columbus State Community College Cuyahoga Community College Edison State Community College Hocking Technical College Lakeland Community College Lorain County Community College Marion Technical College Northwest State Community College Northwestern College Owens State Community College Rio Grande Community College Sinclair Community College Southern State Community College Stark State College of Technology Terra Community College selected universities Bowling Green State University Case Western Reserve University Central State University Cleveland State University Kent State University Miami University Northeast Ohio Medical University Ohio Northern University Ohio State University Ohio University Otterbein University Shawnee State University University of Akron University of Cincinnati University of Dayton University of Toledo Wright State University Xavier University Youngstown State University Partner with the Industry Leader 5

6 Partner with top polymer & chemical employers in Ohio Ohio is a leader in the polymer & chemical industry from research and development all the way to production. Ranked second in the nation in the production of plastics and rubber products, the high concentration of the industry in Ohio comes as no surprise. In fact, Ohio s greatest concentrations of industry employment is highlighted in rubber products for mechanical use, which makes up 24.4 percent of the U.S. total, and resilient floor coverings, which equals 15.6 percent. Recent Development & Expansion Jobs Capital Company Committed Investment Allied Mineral Products 44 $5 million Alsher Titania 201 $45 million Axium Plastics 165 $16 million Edgetech I.G. 162 $7.1 million Parker Hannifin 29 $8 million Pilot Chemical Corporation 38 $40 million Top polymer & chemical employers in Ohio PARTNERS IN ECONOMIC GROWTH Wright Center for Photovoltaics, Innovation, and Commercialization (PVIC) Created in January of 2007, PVIC coordinates research efforts between universities, government, and business partners to commercialize innovative laboratory techniques The Center for Multifunctional Polymer Nanomaterial and Devices (CMPND) at OSU CMPND partners with Ohio universities and national labs to develop advanced polymer nanotechnology research and commercialize the resulting products PolymerOhio Offers a myriad of value-added programs and services to make Ohio polymer businesses more competitive, including the PolymerOhio internship program 6 Partner with the Industry Leader

7 Ohio s Polymer Industry Estimated Number of Employees Williams 1,903 Johnson Controls Defiance 15 Paulding 220 Eaton Van Wert 72 Mercer 61 Darke 1,072 Preble 45 Butler 1,884 Hamilton 1,933 Auglaize 803 Miami 908 Fulton 258 Henry 188 Putnam 210 Allen 1,172 Plastipak Shelby 1,654 Montgomery 1,758 Warren 568 Milacron Clermont 389 Clark 432 Greene 230 Brown Lucas 671 Great Lakes Window Wood 2,229 Cooper Tire & Rubber Hancock 3,220 Hardin 186 Logan 275 Champaign 333 Clinton 475 Highland 488 Adams 69 Union 445 Madison 238 Fayette 966 YUSA Wyandot 549 Ottawa 300 Sandusky 1,565 Seneca 385 Marion 697 Franklin 2,411 Pickaway 1,000 Ross Pike Crawford 165 Delaware 123 Scioto 343 Erie 591 Morrow 76 International Automotive Components Huron 891 Fairfield 435 Knox 234 Licking 800 Vinton Jackson 59 Perry Gallia Lorain 1,259 Ashland 637 Richland 781 Hocking 28 Athens 5 Meigs Medina 1,510 Wayne 494 Holmes 906 Coshocton 105 Muskingum 155 Cuyahoga 3,056 Morgan Summit 4,971 Goodyear Tire & Rubber Stark 1,645 Tuscarawas 1,368 Guernsey 553 Noble Washington 904 Lake 1,385 Geauga 2,558 Portage 2,663 Carroll 217 Harrison Belmont Monroe 15 Ashtabula 2,064 Trumbull 794 Mahoning 615 Columbiana 681 Jefferson Polymer establishment believed to employ 500 or more Lawrence 66 Polymers Industry Employment by County 2,501-4,971 1,001-2, , None Source: 2009 County Business Patterns, U.S. Census Bureau and Hoover s Online Prepared by: Policy Research and Strategic Planning, Ohio Department of Development March 2012 Partner with the Industry Leader 7

8 Business Advantages Business Climate Low-cost business climate with the lowest tax rate on new capital investment in the Midwest. Location & Logistics A strategic location with a strong logistics infrastructure located within 600 miles of 60% of the U.S. population. Workforce, Education & Training Improved productivity, quality, and profits with a high concentration (nearly 9%) of all U.S. polymer industry jobs in Ohio. Supply Chain Be a major player in Ohio s robust supply chain, supported by world-class academic and research institutions. Production Ohio is leading the U.S. in gross domestic product contributed by this industry, more than 8% of total U.S. production in 2010 ($5 billion in polymer resins, plastics, and rubber products). Visit our website at Jobs-Ohio.com or call us at (614) to learn more JobsOhio is a private, nonprofit corporation established by Governor John Kasich and the Ohio legislature to lead the job creation and economic development efforts for the state of Ohio. JobsOhio 41 S. High Street, Suite 1500 Columbus, OH (614) JobsOhio. All rights reserved.

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