OU Gets $2M to Aid Coal Country Entrepreneurs
ATHENS, Ohio — Ohio University has received a $2 million grant from the Appalachian Regional Commission’s Partnerships for Opportunities and Workforce and Economic Revitalization (POWER) program to create a 28-county regional innovation network in Ohio, West Virginia and Kentucky.
The goal of the program is to create 125 new businesses and 1,110 jobs and raise $25 million in company investments from public and private sources over the next six years.
“Throughout Ohio University’s 212-year history, we have witnessed the fallout from closures of coal operations, power production facilities and industrial suppliers across this great region. We recognize our responsibility to extend beyond our campuses to engage communities in economic development activities that create jobs and improve lives,” said the university’s president, Roderick J. McDavis, in a statement.
Ohio University’s Innovation Center, an incubator for small high-tech businesses, and partners from across the tristate region will work collaboratively on the Leveraging Innovation Gateways and Hubs Toward Sustainability (LIGHTS) program to provide expertise, training and resources to the regional workforce, entrepreneurs, companies and local communities.
The Innovation Center in Athens and the Muskingum County Business Incubator in Zanesville will serve as LIGHTS program hubs, offering facilities, equipment, engineering and design expertise to support a variety of industries, including advanced manufacturing companies.
With the new funding, the Innovation Center plans to expand its outreach events and prototype development services, which include design and small batch manufacturing.
The incubator also will broaden the scope of the types of businesses and entrepreneurs it serves to reach non-tech sectors. The grant will allow the Muskingum County Business Incubator to more closely align its efforts with Zane State College’s IDEA Lab, a makerspace that features resources such as 3D printers, CNC machines and CAD-based design tools.
The LIGHTS program also will support five community “gateways” to assist the unemployed and underemployed throughout the region. These include AthensMakerSpace , the Appalachian Center for Economic Networks in Athens and Nelsonville, the Lawrence Economic Development Corp. in South Point, the Somerset Learning Center and Technology Hub in Somerset, and Shawnee State University in Portsmouth. Each organization will offer skills building, new product and technology development, entrepreneurial assistance, venture development, business planning, financial management and marketing, as well as access to new facilities and equipment.
“Ohio University has cultivated a strong innovation ecosystem that has engaged a diverse network of public and private regional partners to advance technology commercialization, business creation and workforce support,” said Joseph Shields, Ohio University vice president for research and creative activity and dean of the Graduate College. “The new POWER grant will allow us to expand this successful strategy further into Ohio, Kentucky and West Virginia, to better the economic health and future development of these communities.”
Pictured: Ohio University Innovation Center.
SOURCE: Ohio University news service.
Copyright 2024 The Business Journal, Youngstown, Ohio.
