Olon USA, a leading research, development, and manufacturing service provider to the pharmaceutical industry, has announced plans to expand its operations in Concord. The project, supported with a $100k JobsOhio Grant and JobsOhio Talent Acquisition Services valued at $105k, will create 26 new well-paying, highly skilled jobs and retain 115 existing positions.
The Italian-owned company’s expansion is driven by recent business investment and the need to quickly increase capacity to meet growing customer demand and fulfill orders as part of the pharma re-shoring efforts.
“The Olon team is excited to expand our capacity and assure a resilient supply chain of necessary pharmaceuticals for the US healthcare system,” stated Robert Poe, President and CEO of Olon USA.
An economic development team comprised of Lake Development Authority, JobsOhio, and Team NEO supported the company’s expansion efforts.
“This project reinforces the region’s competitive advantages in advanced manufacturing, research, and talent, while strengthening an industry that improves lives around the world,” stated Dan Kennedy, Director, Project Management for Team NEO. “We’re delighted to work alongside our local and JobsOhio partners to support the company’s expansion and continued growth in Northeast Ohio.”
About Olon USA
Olon USA is a wholly owned subsidiary of Olon SpA, a global Contract Development and Manufacturing Organization specializing in the development and manufacture of active pharmaceutical ingredients.
About Team NEO
Team NEO is a private, nonprofit economic development organization that retains, expands, and attracts jobs, businesses, and opportunities across Northeast Ohio’s 14-county region. As JobsOhio’s exclusive partner in Northeast Ohio, Team NEO connects businesses to the data, resources, sites, and incentives to win new business investment for Northeast Ohio. The organization also provides insights to build talent pipelines, prepares development-ready sites, and markets the region as a premier business destination. 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.