“ViewRay’s initial jobs are likely to pay around $100,000 a year,” stated Mayor Gottschalk, and They plan to be adding 65 more jobs in its second and third years. The company’s Renaissance System 1000 uses magnetic resonance images to precisely target cancerous tumours with gamma radiation with little damage to surrounding healthy tissue. A group of East and West coast investors offered ViewRay a $25 million investment if it moved from Gainesville, Fla., to a center of bioscience innovation. The region’s medical imaging heritage, clinical and medical academic institutions, and economic development teamwork won over Wells. Some tax incentives also helped. The Ohio Tax Credit Authority granted ViewRay job-creation tax credits worth $537,431 over 10 years. Oakwood granted the company a 90 percent abatement of personal property tax for 15 years, Gottschalk said.
Thermo Fisher has made Oakwood Village its corporate venue developing Security products which includes a comprehensive range of fixed and portable instruments used for chemical, radiation, and explosives detection. These products are used in airports, embassies, cargo facilities, border crossings, and other high-threat facilities.
Airgas opened its newest location in the summer of 2009 here in the Village of Oakwood with a chain cutting ceremony which was quite an exciting event. Airgas is the United States’ largest distributor of industrial, medical, and specialty gases and related equipment, safety supplies and MRO products and services to industrial and commercial markets.
Oakwood is continuing to grow its economic base in the fields of science, medicine, technology and even in the field of woodworking with the incorporation of one of the most recent members of the Hawthorne Valley Shopping Center. The company is offering educational classes on building basics to cabinet construction – the company, Woodcraft.
For additional information on Economic Development opportunities in Oakwood, please contact Mayor Gary Gottschalk at 440-232-9988.