An Initiative of the City of Akron

Press Releases


City of Akron Announces Launch of Bioinvestments Fund II 

Akron Bioinvestment Fund II expects to begin operations June 1 

Akron, Ohio, April 20, 2016 – Mayor Dan Horrigan announced that The Akron BioInvestments Funds, LLC II is being launched by the City of Akron in support of the Akron Biomedical Corridor, Akron Technology Bridge Initiatives, Akron Global Water Alliance and Akron Global Business Accelerator and ongoing innovation. Read More>

Mayor Announces Italian Company to Open U.S. Headquarters in Akron, Ohio

Ravizza Packaging to locate in the Akron Global Business Accelerator

AKRON, Ohio - September 5, 2014 - Akron Mayor Don Plusquellic announced today that a manufacturing company from Italy, Ravizza Packaging, will be opening its U.S. headquarters in Akron, Ohio, and will be selling their patented product, Simplicita Bag Smart, throughout the United States.  Ravizza Packaging, founded by Roberto Ravizza and his father, Franco Ravizza, in 1982, is a privately-held Italian bagging machinery company based in Turin, Italy.  Read More>


Nervive, Inc., Opens Operations in the Akron BioMedical Corridor

Nervive is developing a breakthrough new product to help stroke victims.

AKRON, Ohio - January  8, 2014 -  The Akron Development Corporation, through its Akron BioInvestment Funds, LLC, has announced that Nervive, Inc., a biomedical company from Northern California, will be consolidating various business units and opening up new headquarters in Akron, Ohio at the Akron Global Business Accelerator, an initiative of the City of Akron, or other Akron site. Read More >


Akron and Netanya Team Up to Develop New Water Technology

New software solution will predict locations of water main breaks and bring in new revenue.

AKRON, Ohio - July 24, 2013 - The City of Akron and the Mei-Netanya Water Company (Israel) jointly announce their collaboration in the development of a new software solution that will help medium-sized communities solve common but costly utility issues.   The new software will consolidate all known data on waterlines (such as depth, material, age, number of breaks, soil conditions, leaks, number of and customers served) and then data analytics will predict the most likely locations for future water main breaks. Read More >


Akron Development Corporation and Turku Science Park Oy Ltd Ink Deal  

Finnish Nonprofit Regional Development Company Enters U.S. Market via Akron

AKRON, Ohio - May 13, 2013 -  Last month, Akron Development Corporation and Turku Science Park Oy Ltd (TScP) entered into a Memorandum of Understanding and Cooperation for the purpose of enhancing their respective contributions in the biomedical sector internationally. Read More >


Biomedical Company Relocates from Louisville, Kentucky to Akron, Ohio

Orthodata, Inc. Receives Backing from the Akron BioInvestment Funds, LLC

AKRON, Ohio - March 27, 2013 -  The City's Akron Development Corporation, through its Akron BioInvestment Funds, LLC, has announced that a Kentucky biomedical company is relocating its headquarters to Akron, Ohio.  The Akron BioInvestment Funds has provided financing to Orthodata, Inc in support of its effort to commercialize a new spine fusion sensor -- an innovative diagnostic system that allows surgeons to accurately assess the success of spinal fusion and eliminate the need for unnecessary exploratory surgery while accelerating patients' return to work after surgery. Read More >


Growth Rate of Investment in NE Ohio Outpaces the Nation

Young Tech Companies Attract $201 Million in 2012

CLEVELAND, Ohio - January 25, 2013 - Last year, 105 tech-based companies in Greater Cleveland raised $201 million from venture capitalists and angel investors, according to the region's Venture Capital Advisory Task Force. This activity represents a 34 percent increase over the amount raised by companies in 2011. Read More >


City of Akron's Global Accelerator and the Technology Park Ljubljana Ink Deal

AKRON, Ohio - September 24, 2012 - Last week proved fruitful for Akron as Mayor Don Plusquellic, Deputy Mayor Bob Bowman, Councilman Garry Moneypenny, and Akron's Global Accelerator Deputy Managing Director Anthony Margida travelled to Ljubljana, Slovenia to attend the Foreign Direct Investment Summit Slovenia and the Innovative Cities Conference. Read More >


The Akron Global Business Accelerator Named Best Business Incubator in Ohio

AKRON, Ohio - October 11, 2012 - The Business Courier, a weekly business publication serving Greater Cincinnati, recently named the Akron Global Business Accelerator the Number One Business Incubator in Ohio.  Eleven Ohio incubators were ranked in eight different categories, which included client revenue, outside capital raised, number of tenants, aggregate client payroll, total jobs in the incubator, jobs created, average salaries, and average state funding spent per job. Read More >

Akron Hosts Lithuania Officials

Lithuanian Officials Visit Akron for Historical Business Development Signing Ceremony

AKRON, Ohio - June 15, 2012 - Lithuania, well-known as a new hot-bed of emerging innovation in the European Union, is well represented in Akron this week as the City hosts two main groups from business and industry and the leading Lithuanian Institution for the Development of Science and Technology. Read More >

Akron BioMedical Corridor at MEDICA 2011

AKRON, Ohio - November 14, 2011 - The Akron BioMedical Corridor - a unique cluster of high-quality hospitals and universities, biomaterials research and development organizations, and startup biomedical companies located in Akron, Ohio - is one of more than 4,000 exhibitors attending the annual MEDICA World Forum for Medicine/International Trade Fair with Congress. The forum is to be held November 16-19 in Düsseldorf, Germany. Read More >