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Jamie Dimon unplugged: JPMorgan Chase CEO on 'bums and criminals,' Silicon Valley competitors
Jamie Dimon, never shy about speaking his mind, did not disappoint when addressing an investment conference this week, where no topic seemed off limits. The chairman and CEO of JPMorgan Chase & Co. (NYSE:JPM) was especially candid in discussing the threat startups pose to the banking industry in a presentation to those attending Bernstein's 31st Annual Strategic Decisions Conference in New York. "Silicon Valley is good at getting rid of pain points," Dimon said, according to a report by TheStreet.com.…
Louisville offer No. 2 for in-state QB
The University of Louisville is the second offer for Union, Ky., Ryle High School Class of 2017 quarterback Tanner Morgan. He also has an offer from Wake Forest.
What should be the No. 1 priority for Akron’s new mayor?

What do you believe should be the No. 1 priority for Garry Moneypenny on his first day on the job as Akron’s mayor?

Email your suggestion to mayor@thebeaconjournal.com.

Your name and suggestion could be used in a future article.

GOJO to expand with manufacturing, distribution in Wooster at former Rubbermaid facility

Akron-based GOJO Industries is expanding and will take over the sprawling former Rubbermaid warehouse in Wooster.

The inventors of Purell hand sanitizer have agreed to lease 1.3 million square feet of space in Wooster at 1147 Akron Road. The facility will be used to expand manufacturing and distribution operations for GOJO, said Mark Lerner, president and chief operating officer.

“We’ve had good, consistent growth over time and we’re at the point now where we need additional brick and mortar to accommodate the kind of growth we’re experiencing and expect to experience in the future,” Lerner said in a phone interview.

Lerner stressed that GOJO remains committed to the Akron area, where it will keep its downtown headquarters and its Cuyahoga Falls Lippman Campus. No jobs will be lost due to the expansion, and GOJO estimates 30 to 50 new jobs at the GOJO Wooster Campus by the end of the year with 240 new jobs there as operations continue to expand.

GOJO will manufacture and warehouse at the new facility. It is also expanding by doing its own injection and blow molding for Purell’s dispensers and pumps, which currently are outsourced to other companies, Lerner said. There will be some duplication of product manufacturing at the Falls and Wooster campuses, with main production remaining in the Falls.

Lerner declined to disclose how much GOJO is investing in equipment and renovations in Wooster, or the length of the lease, other than saying it was long-term.

GOJO employs 2,000 worldwide with the majority in Akron and Cuyahoga Falls, including 600 at its downtown headquarters, he said.

The company will take six months to a year to get the facility into shape, Lerner said.

“Getting a facility like that will give us the kind of elbow room from a brick-and-mortar perspective that’s necessary to continue to grow and propel our purpose forward,” he said.

One of the first things the company will do is consolidate inventory, he said. GOJO has run out of room at its Falls warehouse and has been storing products at public facilities around Northeast Ohio, he said.

The company had considered sites throughout Summit County and Northeast Ohio, Lerner said. But there are limited spaces that were large enough for GOJO’s needs. The company had been considering a facility in Brecksville, but determined it was not a viable option. Earlier this year, the company said it was deciding between space in Wooster and Cuyahoga Heights.

GOJO has a history of repurposing buildings instead of building new (it has only built its warehouse facility in the Falls), Lerner said.

“I think that speaks to our commitment to sustainability,” he said. “We like repurposing facilities so that they don’t become rubble or eyesores.”

Wooster Mayor Bob Breneman said Thursday that GOJO will seek an Ohio Job Creation Tax Credit for the facility.

Lerner said the company has been working with the city and state for support via training and tax credits.

Ohio’s nine-member Tax Credit Authority last year approved a credit for the company’s then-proposed expansion into Brecksville. At the time, GOJO said it planned to invest $11.9 million in a facility there that initially would employ 37 people.

The estimated value of this tax credit was $113,896 over six years.

The Ohio Tax Authority next meets Monday. An agenda was not available Thursday afternoon.

Breneman said Wooster will offer a 50 percent credit on income taxes for six years. He estimated that credit to be worth $510,000.

He said he is happy that GOJO is taking over such a huge building that largely has sat empty.

The facility was Rubbermaid’s former Wooster distribution center, which closed in 2013 and — with the exception of a retail store downtown — ended the company’s long-standing relationship with the town where it was founded.

“This is the best news we’ve had here in town, and we’re so excited,” said Breneman, the mayor since 2008. He said the city has struggled since Rubbermaid manufacturing left in 2004.

JobsOhio President and Chief Investment Officer John Minor said in a news release: “GOJO is the leading global producer and marketer of skin health and hygiene solutions for away-from-home, and we are delighted that more than 240 Ohioans will be producing and distributing its world-famous products.”

Staff writer Katie Byard contributed to this report. Betty Lin-Fisher can be reached at 330-996-3724 or blinfisher@thebeaconjournal.com.

Interstate 76 westbound reopening delayed; Akron thoroughfare to open Wednesday

The westbound lanes of Interstate 76 through Akron’s Kenmore neighborhood will reopen Wednesday night.

That portion of the highway has been closed since the end of April for a major reconstruction, creating big headaches and detours for motorists.

The reopening is good news for the 58,000 drivers who use the highway each day.

But here’s the bad news: The state agency now will close the eastbound lanes to all traffic through mid-July so crews can focus on that side of the roadway. The closure begins Thursday morning.

The $9.6 million project involves grinding off a few inches of pavement, then resurfacing the road. The state also is making bridge repairs.

That section of highway, which actually runs north and south, is known as the Kenmore Leg and stretches from Interstate 277/U.S. 224 to Interstate 77.

ODOT spokesman Brent Kovacs said the work has gone smoothly on the westbound lanes. Crews are still working on culverts, but there will be two lanes open for the Monday morning rush hour, he said.

ODOT, which has employed the shutdown tactic for about a decade on some projects, says it allows work crews to finish jobs quicker while also saving taxpayers money and keeping workers safer. The agency also closed Interstate 277/U.S. 224 in Akron three years ago for a similar project.

The I-76 project is expected to take a little over three months thanks to the closure; it would have lasted for more than two years otherwise, officials have said.

Rick Armon can be reached at 330-996-3569 or rarmon@thebeaconjournal.com. Follow him on Twitter at @armonrickABJ.

Police say Akron man strikes girlfriend, stabs refrigerator and couch

Beacon Journal staff report

An Akron man faces charges after a Thursday fight with his live-in girlfriend.

Joshua R. Jiminez, 31, of Oakland Avenue, has been charged with charged with domestic violence and menacing.

Authorities say Jiminez “grabbed a kitchen knife and stabbed it into the refrigerator and the couch” and then “slammed his girlfriend’s head into a window” during a fight.

Police asking for help to locate missing Orrville youth

Orrville: Police are asking for help in locating a missing 15-year-old boy.

A report posted on the department’s Facebook page indicated that Keegan Kryzwicki might be located in or headed to Barberton or Brunswick — or still might be in Orrville.

Keegan is described as 5 feet, 6 inches tall with blond hair and hazel eyes.

He has been entered into the Law Enforcement Automated Data System (LEADS) as a missing juvenile.

Anyone with information about Keegan’s whereabouts is asked to call Orrville PD at 330 684-5025.

Tips may be texted anonymously to the department by sending a text to 847411 and type OPD and your tip in the body of the message.

Tips may also be submitted anonymously by clicking on the “Submit a Tip” from via a home computer at www.citizenobserver.com/alerts/55873

Spotlight: Ernest Hoffman, Pradco
Ernest Hoffman, management consultant, Pradco Age: 34 Vitals: I am finishing a Ph.D. in industrial-organizational psychology at the University of Akron. I have a master’s degree in that same field and a bachelor’s degree in psychology from the university. I also have a master of divinity degree from Trinity Lutheran Seminary. I previously was the pastor of a Lutheran church in a Detroit suburb. Why this business: Equipping leaders to be more effective through self awareness and development…
Coach Speak: John DeMarco On Alex Hall
Louisville (Ohio) head coach John DeMarco comments on new Maryland offensive tackle commit Alex Hall.
JPMorgan Chase cutting 5,000 jobs
JPMorgan Chase & Co. is eliminating 5,000 jobs in an effort to trim costs and become more efficient as consumers shift to mobile banking, sources told the Wall Street Journal. It’s unclear how many cuts may come in Central Ohio, where JPMorgan is the region’s largest private employer with more than 20,000 workers. A spokesman declined to comment. New York-based JPMorgan (NYSE:JPM) already has eliminated as many as 1,000 positions, the source told the publication, and that could rise to 5,000…
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