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Quality ElectroDynamics Receives Economic Development Grant for Expansion in Mayfield, Ohio

MAYFIELD, Ohio (July 17, 2007) — The Rapid Outreach Grant (412) is a grant program to assist companies and communities that are creating or retaining jobs in Ohio.

  [ 7/17/2007 ]  By: NEWS BRIEFS   Related Link...  Print This Article  Reprint/License This Article  

Quality ElectroDynamics, LLC (QED), located in the Village of Mayfield (Cuyahoga County), will receive a $30,000 Rapid Outreach Grant (412) for costs associated with the acquisition of machinery and equipment in support of the company’s expansion.

QED is a designer and manufacturer of MRI radiofrequency hardware. The company has expertise in concept development, engineering design, quality assurance, regulatory affairs, manufacturing and service. The company’s main product lines consist of radiofrequency body coils and local coils for various anatomies for both 1.5-Texla and 3-Tesla MRI systems.

A Tesla is a unit of magnetic field strength. These coils are utilized for obtaining diagnostic images and are distributed to original equipment manufacturers with customers including hospitals and medical institutions. The company proposes to expand operations to create a state-of-the-art research and development, engineering, manufacturing and repair facility for medical device equipment related to Magnetic Resonance Imaging.

QED will invest $500,000 at the project site to make leasehold improvements and $3 million in machinery and equipment in support of the expansion. This more than $3 million project is expected to create 20 jobs and retain 11 positions within three years of the project’s initial operations.

The Rapid Outreach Grant (412) is a grant program to assist companies and communities that are creating or retaining jobs in Ohio.

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