Zyvex Performance Materials, Inc., which proposed to locate a new headquarters and manufacturing facility in Columbus, Ohio, has been awarded $1 million from Ohio’s Targeted Industry Attraction Program.
Zyvex Performance Materials is a recent spin-off of Zyvex Corp., a leading nano-technology company providing tools and instrumentation to the semi-conductor and research and education markets. Included in ZPM's spin-off from Zyvex were 12 issued and pending patents concerning the development and production of carbon nanotubes and related product. ZPM proposes to create up to 99 new full-time high paying jobs.
The Targeted Industry Attraction Program provides grants to attract new-to-Ohio business projects that will significantly impact Ohio by creating high-value jobs, increasing tax revenues and improving the economic welfare of the state. The program will target companies creating new, cutting-edge technology within the advanced polymers, bioscience and fuel cell industry sectors.
Third Frontier funds awarded are subject to final approval by the State Controlling Board.
For MORE NEWS BRIEFS, click here.
For a FREE SUBSCRIPTION to Expansion Management magazine, click here.
For MORE NEWS BRIEFS SORTED BY STATE, click here.
For MORE NEWS BRIEFS SORTED BY INDUSTRY or FUNCTION, click here.
For MORE NEWS BRIEFS SORTED BY COUNTRY, click here.
