Honda plant part of Ohio ranking high in national ranking for investment

The $4.4 billion EV battery plant built by Honda and LG, which is expected to create 2,200 jobs, is under construction in Fayette County, just east of Greene County, employing hundreds of construction workers. A year ago, Chair Jerome Powell warned that the Fed was prepared to be similarly aggressive toward high inflation, saying its rate hikes would cause “some pain” in the form of higher unemployment. At a news conference last week, he suggested that a soft landing remains a “possible," if not guaranteed, outcome.  JIM NOELKER/STAFF

Credit: Jim Noelker

Credit: Jim Noelker

The $4.4 billion EV battery plant built by Honda and LG, which is expected to create 2,200 jobs, is under construction in Fayette County, just east of Greene County, employing hundreds of construction workers. A year ago, Chair Jerome Powell warned that the Fed was prepared to be similarly aggressive toward high inflation, saying its rate hikes would cause “some pain” in the form of higher unemployment. At a news conference last week, he suggested that a soft landing remains a “possible," if not guaranteed, outcome. JIM NOELKER/STAFF

Site Selection magazine has put Ohio atop its “Global Groundwork Index” ranking and the Cincinnati metro area fourth in its index’ top urban areas ranking.

The index explores the “intrinsic tie between employer-led economic development and public infrastructure,” based on an analysis of job creation, capital spending, and infrastructure development from 2020 through July 2024.

“Ohio continues to lead the nation in the Global Groundwork Index because our public sector infrastructure investments lay the groundwork for economic growth,” Ohio Gov. Mike DeWine said in a statement. “We’re preparing large-scale sites for industrial development, expanding our skilled workforce, and fortifying our energy, telecom, transportation, and water infrastructure so that Ohio is always at the top of the list for businesses looking to start up or expand.”

An aerial view from February 2024 shows construction progress at Intel's Ohio One campus in New Albany, Ohio. The company is investing $28 billion to build two semiconductor fabrication plants on the site, which spans nearly 1,000 acres. The company broke ground in September 2022. (Credit: Intel Corporation)

Credit: Intel Corporation

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Credit: Intel Corporation

Ohio leaders say the state’s private and public development teams generated more than 94,310 new job commitments and $65.2 billion in capital investments based on JobsOhio data from 2020 through 2024.

Ohio cities appear in Site Selection’s metropolitan ranking, in the magazine’s September 2024 edition, with Columbus ranked at No. 3 and Cincinnati at No. 4.

The magazine highlighted activity surrounding Intel’s 1,000-acre plants site in Licking County near Columbus.

“Routes were custom designed to deliver prefabricated machinery weighing over 900,000 pounds and as long as an Ohio State football field from the Ohio River in Adams County to the Intel site,” the magazine said.

“We worked very closely with the Ohio Department of Transportation (ODOT) and Gov. DeWine’s office to look at different possible routes, and ultimately decided that using the Ohio River made the most sense,” Kevin Hoggatt, Intel’s director of state government affairs for Ohio, is quoted as saying in a Site Selection article.

“ODOT’s role has been to analyze the route and make sure the infrastructure can handle a load this big,” ODOT spokesman Matt Bruning told the magazine.

The huge Intel project has local implications. Last month, Dayton’s Libra Industries cut the ribbon on a $1.8 million, 5,000-square-foot clean room to better serve semiconductor-industry customers — with the expectation that up to 26 employees will be added to the company’s workforce.

Steve Luebbe, Fayette County engineer, estimated that the county and its partners, including contractors and neighboring governments, are pursuing more than $100 million total in road, water, and electric infrastructure improvements to accommodate the Honda/LG Energy Solution Electric Vehicle (EV) battery plant being built in Jefferson Twp.

The plant is expected to employ about 2,200 people. It will be an approximately 50-minute drive southeast of Dayton and about 40 minutes south of Springfield.

The leaders of the joint venture expect to pull workers from those communities and others.

“People realize this is not just Fayette County,” Luebbe told this newspaper last year. “It’s all of Ohio.”

“Ohio makes things, moves things and maintains the core necessities for any company looking to locate — suitable sites, superb talent, sustainable infrastructure, safe communities and a superior quality of life,” said J.P. Nauseef, JobsOhio president and CEO. “Ohio has that balance, and it has tipped the scales in favor of high-profile investments from Abbott, Amgen, Ford, GM, the Honda-LG Energy Solution joint venture, Intel, Medpace, Sierra-Nevada Corp., and many others.

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