Your browser does not support JavaScript I want to

REPORT
FIND
Contact Info and Maps
News and Entertainment
APPLY FOR
Documents
Permits/Jobs
Services/Assistance
PAY/BUY
SCHEDULE
FILE
Business

Introduction


The City of Akron offers a diverse and business-friendly climate and is strategically located in relation to other major United States markets. Listed below are a few key points that highlight why Akron is the place to locate. For a printable handout, download our Economic Snapshot, which includes more statistics and information. For more in-depth information about the City of Akron, visit our Community Profile.  If you are unable to find what you are looking for, please give us a call at 330.375.2133.


Quick Facts


  • One of 5 metropolitan areas in NE Ohio which is the 12th-largest market in the U.S. (~4.2 M, 50 mile/80 km radius)
  • All-America City – 1981, 1995, 2008
  • Number 2 among mid-size cities in the U.S. for business investment
  • Ranked 14th among top U.S. cities for European expansion

Quality of life


  • One of the leading leisure destinations of northeast Ohio.
  • Parks, theaters, resorts, fine dining, world-class entertainment, professional sports (in the heart of downtown)

Major Assets


  • More than 20 Fortune 500 companies are invested in Akron
  • HQ of second-largest U.S. energy company – FirstEnergy
  • Three nationally-recognized hospitals and a medical university
  • Austen BioInnovation Institute in Akron (ABIA) formed in 2008
  • Top Polymer Science and Engineering College – Univ. of Akron
  • World center of tire technologies (Goodyear, Bridgestone)
  • One of the most comprehensive business infrastructures in the U.S. (clusters, supply chain)
  • Akron Global Business Accelerator (AGBA) – 2008 winner of the Incubator Innovation Award from the National Business Incubator Association

Access to markets, logistics


  • Within a 500-mile radius of 57% of the U.S. population, 55% of all U.S. manufacturing plants and 60% of the U.S. effective buying power
  • Overnight rail and truck service to major metro areas including New York, Chicago, Toronto and Washington, D.C.
  • Three Class-1 railroads and two international airports
  • Three foreign trade zones

 


Power of Collaboration


  • Effective working relationship between government (City, County and State), businesses, the hospitals and the universities
  • Goodyear/Bridgestone Firestone
  • Biomedical Corridor
  • Austen Biomedical Institute in Akron (ABIA)

Cost of Living


  • Akron’s cost of living is 95% on a national average.
    • New York 146.5
    • Los Angeles 132.3
    • Chicago 115.3
    • Atlanta 97.5

 


 Access to trained and educated labor


  • 300,000 educated and trained labor force in Akron/Summit County 
  • 29 colleges and universities
  • 26,000 degrees awarded annually
  • 180,000 degree-seeking students

 Strong international connections


  • Akron provides a safe landing to international companies looking to access the U.S. market through the Akron Global Business Accelerator (AGBA)
  • Exhibitions, conferences, business missions

Entrepreneurial network


  • Access to funding
  • State of Ohio Third Frontier program
  • Angel networks
  • Northeast Ohio has the highest concentration of health care VCs between the coasts, top 5 in the country!
  • The Akron Bioinvestments Fund
     

For more information, click one of the links below:

AGBA FAQs
Technology Bridges and Agreements Back to International

                                    

 

Still can't find what you are looking for? Give us a call at 330.375.2133.

I’m lost, take me back to…

 

 

Economic Development

Community Profile

Business Climate

Business Services

AGBA

International

Develop/Redevelop Areas

Resources

Contact Us

Additional Resources

Mayor's Office of Economic Development 166 S. High Street Akron, Ohio 44308 Phone:330.375.2133

Mayor's Office of Economic Development 166 S. High Street Akron, Ohio 44308 Phone:330.375.2133



Top Requests
and Concerns


Mayor Don  Plusquellic

Search | Sitemap | Terms of Use | Privacy Policy | Careers | Contact Us

© 2016 City of Akron. All Rights Reserved.


This page was printed from the City of Akron Web site
Visit us online at www.http://www.akronohio.gov
© 2015 City of Akron. All Rights Reserved.