Regional Development
LG Energy Solution and Honda Motor Co., Ltd. announced in August, 2022, an agreement to establish a joint venture (JV) company to produce lithium-ion batteries in the U.S. to power Honda and Acura EV models for the North American market. The JV battery company was then formally established on January 13, 2023, with plans for production to begin by the end of 2025. We continued our construction journey by holding a groundbreaking ceremony on February 28, 2023.
28 miles from the CBE
Joby plans to build a facility capable of delivering up to 500 aircraft per year; 140-acre site at Dayton International Airport has the potential to support significant further growth, with space to build up to two million square feet of manufacturing facilities; Joby plans to invest up to $500 million, creating up to 2,000 jobs; Up to $325 million in state and local incentives available to support scaling; U.S. Department of Energy has invited Joby to submit a Part II application for a Title XVII loan to support the development of the facility, as a clean energy project; Joby plans to use existing nearby buildings to begin near term operations.
25 miles from the CBE
Intel announced plans for an initial investment of more than $20 billion in the construction of two new leading-edge chip factories in Ohio. The investment will help boost production to meet the surging demand for advanced semiconductors, powering a new generation of innovative products from Intel and serving the needs of foundry customers as part of the company’s IDM 2.0 strategy. To support the development of the new site, Intel pledged an additional $100 million toward partnerships with educational institutions to build a pipeline of talent and bolster research programs in the region.
“Today’s announcement is monumental news for the state of Ohio,” said Ohio Gov. Mike DeWine. “Intel’s new facilities will be transformative for our state, creating thousands of good-paying jobs in Ohio manufacturing strategically vital semiconductors, often called ‘chips.’ Advanced manufacturing, research and development, and talent are part of Ohio’s DNA, and we are proud that chips – which power the future – will be made in Ohio, by Ohioans.”
80 miles from the CBE
80 miles from the CBE
