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Board OKs funding for Syncro
By Marc Kovac
COLUMBUS
The state Controlling Board has signed off on $490,500 in financing for Syncro Medical Innovations Inc. in Youngstown.
The funds, awarded from the Innovation Ohio Loan Fund, will be used to purchase machinery and equipment and expansion-related costs. With the project, the company would commit to creating 30 jobs and retaining four.
Syncro is working to commercialize a magnet-guided feeding tube that received federal approval in 2002.
According to documents, “The project consists of supporting the establishment of Ohio production capabilities, relocating distribution facilities to Ohio and expanding the Blue Tube product line. This project will enable Syncro to increase production and sales from 5,000 units annually to more than 25,000 units annually.”
In other business:
The Controlling Board OK’d a $371,758 contract with Tri County Tower Service Inc. of Youngstown to build a new Multi-Agency Radio Communications System tower in Knox Township in Columbiana County.
The structure will be part of the statewide MARCS network, designed to allow instant voice and data communications among public safety and emergency responders.
The board approved the Ohio State Highway Patrol’s plans to buy about an acre in Trumbull County for a new headquarters office and dispatch center.
The property, at 260 Niles-Cortland Road NE in Howland Township, is owned by HBK Warren Realty. The site includes a 5,395-square-foot office building and parking lot, and the sale price was $595,000.
The property has been on the market since May 2008 and was listed at $650,000, according to documents.