Reliable power distribution company fueled by innovation
LayerZero Power Systems, Inc., a globally recognized leader in providing state-of-the-art power distribution solutions to critical industries, announces an expansion at its Streetsboro facility, bringing new employment opportunities and industry-leading innovation to the Northeast Ohio Region. The company plans to create 535 new jobs and retain 278 positions to accommodate rapid customer growth. LayerZero Power Systems, Inc. will also invest $14 million in its existing facility, adding 120,000 square feet, including new manufacturing, warehouse, and support space. The Ohio Department of Development (ODOD) approved the project for tax credit assistance during its Ohio Tax Credit Authority meeting today.
The company designs and builds exceptionally reliable power equipment to be used for industries such as data centers to ensure computers and servers always stay powered safely and without interruption. This expansion will position LayerZero Power Systems, Inc. to meet both current demand and future growth opportunities.
“Our success comes from two places – the dedication of our people and the trust of our customers. This expansion allows us to keep earning that trust by building reliable, innovative power solutions, crafted by a team that takes real pride in their work,” said LayerZero Power Systems, Inc.’s President Milind Bhanoo. “Team NEO has been instrumental in creating incentives to allow us to expand our operations and stay close to our roots in Northeast Ohio.”
“LayerZero Power Systems, Inc. is a great example of a thriving Ohio corporation that is choosing to continue its growth in this state,” said Ohio Governor Mike DeWine. “The company’s decision to expand its operations in Ohio is a testament to our state’s robust advanced manufacturing workforce.”
A cross-organization team including JobsOhio, ODOD, Team NEO, Portage Development Board, Portage County, and the City of Streetsboro worked with LayerZero Power Systems, Inc.’s leadership to ensure the company chose to remain and grow in Ohio.
“LayerZero Power Systems, Inc. is experiencing rapid growth as its innovative power products remain essential to customers across diverse industries, including data centers, energy, and aerospace and defense,” said JobsOhio President and CEO J.P. Nauseef. “Team Ohio welcomes LayerZero Powers Systems, Inc.’s next chapter of growth in Portage County, helping to ensure it can meet its future production goals.”
“LayerZero Power Systems, Inc. is an example of a globally recognized leader choosing Northeast Ohio to expand and advance innovation,” added Team NEO Chief Executive Officer Matt Dolan. “The decision to remain and grow in Streetsboro reflect the company’s confidence in our region’s workforce, infrastructure, and business-friendly environment.”
The collaborative team’s support and insights have been invaluable to this project’s success. Here is what the community had to say about LayerZero Power Systems, Inc.’s growth and commitment to Portage County:
“The City of Streetsboro has greatly enjoyed developing and deepening our relationship with LayerZero over the past three years. To help support their growth, the city is developing a tax increment financing area to support future infrastructure needs of the company, as well as agreeing to rebate a generous portion of payroll tax dollars generated directly back to LayerZero and Advent to help scale their rapid growth. We are confident in their product, leadership and commitment to being a best – in – class manufacturing operation.”
- Mayor Glenn M. Broska: City of Streetsboro
“The Portage Development Board is excited that LayerZero choose to stay and grow in Portage County by acquiring and expanding the former Deluxe facility in the City of Streetsboro.”
- Brad Ehrhart, President: Portage Development Board
“The expansion of LayerZero’s facility is a massive win for the people of Streetsboro and Portage County. With $14 million in investment, this expansion will help create over 500 new jobs for the community, and it shows that Ohio’s Fourteenth Congressional District is a top-notch environment for manufacturing. As Co-Chair of the House Manufacturing Caucus, I will always support the growth of the manufacturing industry across the country and in Northeast Ohio.”
- Congressman David P. Joyce (OH-14)
“We welcome the new opportunities for innovation and growth in the power industry through LayerZero’s expansion in the 27th Senate District. LayerZero will create over 500 new jobs in Streetsboro, Ohio and retain more than 270 positions, while investing $14 million into the already existing facility. This expansion will encourage prosperity in the region and improve power distribution to multiple industries. We are excited to see how this expansion positively impacts the lives and businesses in Portage County.”
- Ohio State Senator Kristina Roegner (SD 27)
About LayerZero Power Systems, Inc.
Founded in 2001, LayerZero Power Systems is a U.S.-based manufacturer of mission-critical power distribution solutions for data centers, AI infrastructure, and other high-reliability environments. The company designs and manufactures static transfer switches, power distribution units, and critical power panels built for maximum safety and reliability. With a focus on building excellence and continuous innovation, LayerZero continues to expand its capabilities to meet the growing global demand for dependable, intelligent power solutions.
About Team NEO
Team NEO is a private, nonprofit economic development organization that ignites economic vibrancy, fosters sustainable growth, and champions equitable prosperity. As a designated JobsOhio Network Partner, we collaborate across all 14 counties in the Northeast Ohio Region to create strategies to attract and retain companies, drive innovation, cultivate a skilled workforce, advance market-ready sites, and promote and engage the region. To learn how Team NEO helps make Northeast Ohio more competitive, visit northeastohioregion.com.
About JobsOhio
JobsOhio, Ohio’s private nonprofit economic development corporation, enhances company growth and personnel development through business attraction, retention, and expansion across ten competitive industry sectors. With a team of seasoned professionals, JobsOhio utilizes a comprehensive network to foster talent production in targeted industries and attract talent through Find Your Ohio. Collaborating with seven regional partners, including Dayton Development Coalition, Lake to River Economic Development, Ohio Southeast Economic Development, One Columbus, REDI Cincinnati, Regional Growth Partnership, and Team NEO. JobsOhio delivers world-class customer service to provide companies with a competitive advantage.