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Former Bayer Plant Ready for Tech Tenants

Monday, January 14, 2008

Excerpt of story provided by Crain's Cleveland Business
Written by Chuck Soder

There’s finally a reason for someone to take down the Bayer Diagnostics sign in front of the pharmaceutical company’s former plant in Oberlin.

Building owner Kevin Flanigan has started recruiting young technology companies and other businesses to help fill the half-empty plant at 132 Artino St. that Bayer vacated in early 2001...

...Mr. Flanigan, who owns General Plug, said he’s working with the city of Oberlin, Team Lorain County and the Lorain County Growth Partnership to find more tenants, and he’s talking to two more technology companies he’d like to relocate to the plant. One is a medical equipment company, he said, declining to give any details about the other...

...Mr. Flanigan showed his faith in NanoTech Innovations about four months ago, when he and business associate Jim Tyree invested an undisclosed amount of money in the startup. The company is developing a more efficient way to grow carbon nanotubes, which are cylinders of carbon molecules that serve as building blocks for various nanotechnologies — products built or altered on the molecular level...

...The city plans to attract more technology companies by visiting trade shows, improving its web site and placing more advertisements in publications related to sustainability, which is a sector on which the city plans to focus. It already is home to Synapse Biomedical Inc., a neurostimulation device maker financed by Cleveland venture development organization JumpStart Inc...

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