Wednesday, September 16, 2009

PolymerOhio nabs $650K state grant

PolymerOhio nabs $650K state grant

Business First of Columbus

The state will release $2.6 million in grants to three organizations, including one in Central Ohio, through its Thomas Edison Program.

The state Controlling Board this week approved handing out the grants, aimed at spurring high-tech development in Ohio. Westerville-based PolymerOhio Inc. clinched a $650,000 grant as a designated Edison Technology Center, an arm of the larger state program that helps companies in the market entry phase of product commercialization.

The industry that PolymerOhio promotes is a multibillion-dollar business in Ohio, making products used in plastics, adhesives, paints, detergents and textiles.

The Ohio Department of Development, which administers the funding, said this week that an award for Columbus technology incubator TechColumbus is expected this fall. TechColumbus serves as a branch of the Edison program in Central Ohio.


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