Business Facilities - April 2008 - (Page 8)

CORPORATE MOVES Ohio By Bill Trüb Cleveland’s Teamwork Wins Over ViewRay That Other Penn Station Chooses That Other Miami I 8 APRIL 2008 PHOTO CREDITS: CLEVELAND CLINIC; PENN STATION n February, ViewRay Incorpo- health institutions like the Cleverated, a medical device manufac- land Clinic, and the region’s cluster turer, announced that it will move of start-up businesses as additional its headquarters from Gainesville, reasons for selecting the city. The Ohio Tax Credit Authority FL to Cleveland, OH. The company will hire 25 professionals on Monday approved job creation within the first year and will fill tax credits for ViewRay estimated more than 90 positions within at $537,431 over 10 years to help the comthree years. pany move and According to equip its facility. ViewRay CEO “Ohio is makWilliam Wells, ing incredible the company chstrides in the bioose the Clevesciences, attractland region after ing companies considering sevViewRay cites the proximity of the Cleveland like ViewRay that eral bioscience Clinic as an advantage to locating its new headhotbeds includ- quarters in Ohio. The clinic’s new entrance way, are pioneers in ing Boston, MA; shown in the rendering, is set to open in 2008. ground breaking the Research Triangle Park in products that will save lives and North Carolina; Atlanta, GA; and transform the industry,” says the Bay Area in Northern Califor- Fisher, who also serves as the direcnia. The company stated a key fac- tor of the Ohio Department of tor that led to its decision was the Development. “This collaborative state of Ohio’s commitment to and effort between Cuyahoga County, infrastructure for supporting bio- TeamNEO, BioOhio, BioEnterprise, and a number of our other science companies. Wells was also impressed with partners highlights the region’s the team approach in both Cleve- continuing commitment to growland and Ohio. “Lieutenant Gover- ing this sector.” “As a team, they were comprenor Lee Fisher was instrumental in our decision making process,” hensively better than anyone that Wells says. “The state’s commit- we talked to in the other states,” ment to the bioscience industry is says Wells. According to ViewRay, which encouraging and leads me to believe that our company will pros- acquired $25 million from venture per here.” Wells also notes the capitalists in January, its investors unique opportunity to work with originally advised the company to established engineering teams in move from Florida and to consider medical imaging, world-class Cleveland for its headquarters. I n March, Ohio-based restaurant chain, Penn Station, announced that it will begin building its new headquarters in Miami Township, OH this spring. The $1.5 million, 10,000-square-foot facility will be used by 14 current employees, including the company’s management team, and will provide enough space to hire an additional four employees in the future. The new facility will be located on 10 acres along US Highway 50. The company is considering creating a training restaurant on the property where it can train franchisees in all aspects of restaurant management. Penn Station currently has 182 franchise units across 12 states. Penn Station was founded in downtown Cincinnati, OH in 1985 and has become well known throughout the Midwest and Southeast United States for its grilled cheese steaks. The company recently inked a deal with the Cincinnati Reds professional baseball team to operate two concession kiosks within its ballpark beginning in May.

Table of Contents Feed for the Digital Edition of Business Facilities - April 2008

Business Facilities - April 2008 Contents First Word Snapshots Corporate Moves: Ohio Businesses On the Move Corporate Moves: Nebraska If You Build It, They Will Come A Tale of Two Industries Economic Transformation In the Islands Diversity: A New York State of Mind Growing in the Sun Key Kansas Industries Get a Boost How To Choose the Right Commercial Real Estate Broker Missouri Downtowns Dare to Dream Advertiser Index Ask the Expert

Business Facilities - April 2008

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