Columbus - 
State Senator Dave Burke (R- Marysville) announced today that the state Controlling Board has awarded a $130,000 Rapid Outreach Grant to Algaeventure Systems, Inc. for costs associated with the purchase of new machinery and equipment as part of the company's expansion in Marysville. As a result of this project, Algaeventure will create 200 new, full-time jobs. "This project will bring new jobs to our community and help make Algaeventure a leader in the advanced energy and materials industry," Burke said. "I commend the company for their continued commitment to central Ohio and their decision to invest in our region and our workforce, and I applaud the efforts of all those who have helped move this project forward." The funds approved today will be used to assist in the purchase of a microbial growth fermentor, distilled water still and other laboratory equipment, with the company funding the balance of the equipment costs. Algaeventure is in the midst of a $9 million expansion project in the city of Marysville. The company is investing $5.5 million in machinery and equipment and $3.5 million in building improvements. Algaeventure was founded in Marysville in 2008. The company develops and commercializes systems that make it easier to obtain algal biomass, thus helping to establish algae as a viable energy source. It has also created more efficient solid-liquid separation technologies for the recovery of valuable solids. In addition to the funds awarded today, Algaeventure received an Ohio Job Creation Tax Credit last year in support of this project.
 
 
 
  
Featured Posts

Burke Applauds Job Creation And Business Investment In Marion

 

"It is always encouraging to see continued job creation and investment in our community," said Burke. "As lawmakers, it is a top priority to encourage our business owners to continue to grow, and I applaud CenMac Metalworks for bringing these additional manufacturing jobs to Marion."



 
 

Burke Announces Grants Promoting Market Expansion For Small Businesses

 

COLUMBUS—State Senator Dave Burke (R-Marysville) today announced that the U.S. Small Business Administration (SBA) has awarded $700,000 aimed at supporting efforts to expand Ohio’s small business markets overseas. 



 
 

Ohio Senate Approves Measure Strengthening Advocacy For Ohioans Living With Disabilities

 

"This ensures that Ohioans living with disabilities have the strongest possible voice while capitalizing on opportunities for greater efficiency in bringing these three entities together for a unified purpose," said Burke. 



 
 

Burke Announces $50,000 Grant For Local Law Enforcement To Assist Overdose Survivors With Recovery

 

"These community-based strategies are helping to reduce overdose recurrences and providing a valuable service for those struggling to overcome their addiction," said Senator Burke. "We should all be proud of the work our law enforcement professionals are doing every day here locally, and all across Ohio, to combat this epidemic."