By 1808Delaware
Ohio is gearing up for a transformative year in 2025, with a wave of new business openings, expansions, and infrastructure projects setting the stage for robust economic growth. Investments in technology, manufacturing, healthcare, and electric vehicles (EVs) are creating thousands of new jobs and positioning the state as a hub of innovation and opportunity.
1808Delaware explores the businesses making their mark in Ohio, the projects that support their growth, and the state’s initiatives driving this new year.
Major Business Expansions in Ohio
Lake Shore Cryotronics and Ohio Steel Industries
Established Ohio businesses are expanding, underscoring confidence in the state’s business-friendly environment. Lake Shore Cryotronics is adding 36 jobs at its Westerville facility, while Ohio Steel Industries is creating 52 jobs with an expansion in Delaware.
Wawa’s Grand Entry
Wawa, the iconic convenience store chain, is entering Ohio with plans to open 60 locations over the next decade. The first 10 stores, opening in counties such as Butler, Hamilton, and Warren, will create approximately 35 permanent jobs per location and represent a $7 million investment per store. Notable first openings include:
- 5308 Fields Ertel Road, Warren County
- 7198 Cincinnati-Dayton Road, Butler County
Intel Semiconductor Plants
Intel’s $28 billion semiconductor manufacturing project in New Albany marks one of the most significant investments in Ohio’s history. The project will generate 3,000 high-paying jobs with an average salary of $135,000, along with tens of thousands of additional jobs in its ecosystem.
Schaeffler and Forsee Power
Schaeffler is establishing an electric vehicle component manufacturing facility in Wooster, creating 650 jobs. Meanwhile, Forsee Power is setting up its North American headquarters in Hilliard, promising 150 jobs and an investment of $13 million.
Innovative Startups and Tech Investments
Beam Dental and CinRX Pharma
Ohio is home to burgeoning startups like Beam Dental, which connects users with dental care via smart technology. CinRX Pharma, focused on transformative therapies, reflects Ohio’s growing presence in biotech.
Cell X Technologies and HubiFi
Cell X Technologies in Cleveland is revolutionizing cell processing with AI and robotics, while HubiFi, a Columbus startup, is streamlining financial reporting for enterprises, exemplifying Ohio’s strength in tech innovation.
Infrastructure Projects Driving Growth
Major Roadway Improvements
Projects like the I-70/I-71 reconstruction in Columbus and the I-75 widening between Findlay and Perrysburg are set to enhance transportation networks, fostering business growth in logistics, retail, and manufacturing sectors.
OSU Master Plan
Ohio State University’s $3.3 billion master plan includes a new hospital, science building, and sports facilities, creating a ripple effect of opportunities for local businesses in retail, dining, and services.
State-Funded Business Initiatives
Ohio’s government is bolstering its economy through targeted grants and incentives, including:
- JobsOhio Inclusion Grant: Supporting minority- and women-owned businesses.
- Ohio Meat Processing Grant: Boosting food safety and production capacity.
- Ohio Job Creation Tax Credit: Encouraging job growth statewide.
These programs, coupled with infrastructure investments like $8.9 million for statewide cabin improvements and $6 million for state park upgrades, ensure a holistic approach to economic development.
New Opportunities in Real Estate and Industry
33 Commerce Center
The Opus Group is building a 250,829-square-foot industrial space in Marysville, set to attract businesses looking to expand in Central Ohio.
Residential Developments
With population growth driving new home construction, areas like Cincinnati, Columbus, and Cleveland are ripe for related businesses, including real estate, retail, and home improvement services.
Events Showcasing Business Potential
Ohio will host a range of events in 2025, including the Small Business Expo and TECHSPO, providing networking opportunities and insights into emerging industries.
Looking Ahead
With significant investments, business-friendly policies, and a commitment to innovation, Ohio is looking forward to growth in 2025. While challenges like workforce shortages and interstate competition persist, Ohio’s focus on education, infrastructure, and inclusivity ensures a bright future for businesses and residents alike.
Image by Bárbara Cascão from Pixabay
