Ohio Business News Stories You Should Know About
Ohio is home to a thriving business community that is diverse and innovative. In this article, we’ll highlight the top Ohio business news stories you should know about. From investments to mergers, Ohio has seen a lot of activity in the business space.
1. Abercrombie & Fitch acquires ambassador apparel
Abercrombie & Fitch has acquired ambassador apparel, a sustainable clothing brand based out of Westerville, Ohio. Ambassador apparel was started by husband and wife team Sam and Mary Wessner in 2016. The company prides itself on its sustainable and ethical production methods that use recycled materials and promote fair labor practices. The acquisition by Abercrombie & Fitch is a testament to the growing importance of sustainability and ethical production in the fashion industry.
2. JPMorgan Chase expands in Columbus
JPMorgan Chase has announced plans to expand its operations in Columbus. The bank will be investing $50 million to construct a new building that will house around 1,500 employees. The expansion is seen as a positive development for Columbus and Ohio at large, as it represents an influx of jobs and economic activity into the region.
3. JobsOhio invests in renewable energy storage company
JobsOhio, the state’s economic development agency, has announced a $7 million investment in Primus Power, a renewable energy storage company based out of Hayward, California. The investment will fund the construction of a manufacturing facility in Columbus and is aimed at bringing more green energy solutions to the state. The move is also expected to create around 100 jobs in the Columbus area.
4. Procter & Gamble announces new partnership
Procter & Gamble (P&G) has announced a new partnership with Loop, a circular shopping platform that aims to reduce waste and promote sustainable consumption. The partnership will see P&G products packaged in reusable containers that can be returned, cleaned, and refilled. This move is a part of P&G’s broader sustainability goals, which include reducing its use of virgin plastic by 50% by 2030.
Conclusion
Ohio is a state that is constantly brimming with activity in the business world. These four examples are just a small representation of the innovative and exciting things happening in Ohio’s business community. From sustainable fashion to renewable energy, Ohio is positioning itself as a state that is committed to a better future for everyone. As we move forward, it will be interesting to see what other exciting developments will come out of Ohio’s vibrant business community.
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