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Sun. Sep 15th, 2024

Akron builds $42 million statewide ‘innovation center’ for polymer research, business development

Akron builds  million statewide ‘innovation center’ for polymer research, business development

COLUMBUS, Ohio — Akron will soon be home to a $41.65 million “innovation center” designed to support polymer research, train new scientists and turn their lab results into commercial products, local and state leaders announced Thursday.

The Greater Akron Polymer Innovation Hub, funded with $31.25 million in state funds and $10.4 million in local sources, is expected to create about 2,400 new jobs by 2031, as well as $75 million in new research funding and $43 million in additional tax revenue, Gov. Mike DeWine said during a news conference at the Greater Akron Chamber of Commerce to introduce the new initiative.

Akron, long known as the “Rubber Capital of the World,” is home to tire giant Goodyear and more than 150 polymer-related manufacturing companies. DeWine and other officials said Thursday they hope the new innovation center will help ensure the city remains a global mecca for polymer research and production far into the future.

“Our goal is to be the undisputed leader in polymer innovation,” DeWine said.

Once the center is up and running, participants will work on creating polymers for use in electric vehicles, making medical devices less invasive and improving the performance of semiconductors, the governor said.

DeWine and others said research will also focus on making polymer production more sustainable.

“Our innovation center will accelerate what we need to do, especially as we look toward future sustainable options—whether it’s renewable material, recycled material, material with a much lower carbon footprint,” said Erin Spring, senior director of materials science at Goodyear Tire & Rubber Company. “There are a lot of technical challenges that I know we can overcome. There are a lot of commercial challenges to overcome.”

About $25 million of the funding for the center will go toward creating a pilot polymer manufacturing facility that will allow startups and small businesses to test new materials and scale up production to commercial levels, according to a release from the Greater Akron Chamber of Commerce.

The remaining $16.65 million will go to support research and development, training and certification of new polymer researchers and scientists, assistance to startups and providing staff, the release said.

Thursday’s announcement follows separate but complementary federal efforts over the past year to promote Akron’s polymer industry. Last October, the Biden administration designated the city as one of 31 “Regional Innovation and Technology Hubs” eligible for significant federal grants. One such grant, awarded in July, provides $51 million to help accelerate sustainable polymer production to reduce environmental problems associated with plastics and rubber derived from fossil fuels.

The $31.5 million in state funding is part of $125 million that Ohio lawmakers have earmarked in the current state budget to build four such “innovation centers,” which are intended to expand existing “traditional” industries in cities other than Cincinnati, Cleveland and Columbus.

Akron is the third city to win state funding for an innovation center, following Toledo’s $31.3 million for a center focused on glass technology and Dayton’s $35 million for a center dedicated to aerospace and defense technologies.

Jeremy Pelzer covers state politics and policy for Cleveland.com and The Plain Dealer.

By meerna

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