BRUNSWICK — Firstar Precision Corp., a growing precision machining shop, has moved to Brunswick with plans to triple its footprint and expand its workforce.
Firstar, 2867 Nationwide Parkway, Brunswick, could add a minimum of 21 new jobs with the move, according to a news release.
It will also retain the 33 positions it had before the move.
Firstar moved to its new 27,000-square-foot facility in September. It was formerly on Plaza Drive in Parma.
The fast-growing biomedical company plans to invest almost $1.5 million.
“All of the employees at Firstar are excited to begin the next chapter of our company’s growth,” Firstar President David Tenny said in a statement. “We are thrilled to transition to Brunswick and look forward to the opportunities for production expansion and enhanced capabilities that the new facility will provide us.”
JobsOhio, Medina County Economic Development Corp., the city of Brunswick and Team NEO worked collaboratively to keep Firstar in the region. The company will occupy a facility that had been vacant for more than a year.
“Northeast Ohio’s biomedical industry has grown from 300 companies in 2002 to more than 700 companies today,” said Team NEO CEO Bill Koehler, whose economic development organization focuses on creating jobs in Northeast Ohio. “Firstar illustrates how advanced manufacturing companies succeed here by accessing our region’s talent, innovation and robust supply chain. Along with
JobsOhio and our local partners, we look forward to supporting Firstar’s ongoing success in Medina County.”
Firstar will receive tax abatement from Brunswick.
The city will provide the company with an annual grant equal to 50 percent of its municipal income tax receipts based on annual payroll in the city. No grant will be paid by the city on employee payroll less than $1.5 million or greater than $3.5 million.
Firstar began operations in 2000 with five employees and three CNC machines. The CNC shop serves medical, aerospace, food processing, industrial assembly and hydraulics industries. A CNC, or computer numerical control machine, is a high-precision tool that’s computer controlled and makes repeated, accurate motions.
Over the last 18 years, Firstar has experienced a growth rate of 15 to 25 percent annually and now employs
33 full-time employees operating 25 CNC machines. Its focus is the manufacture of super precision products and project management.
“We are thrilled to welcome Firstar Precision to Medina County, as they join a robust manufacturing sector which has seen record growth in recent years,” said Economic Development Corp. Executive Director Bethany Dentler.
Grant Aungst, director of Brunswick Community and Economic Development, said he’s excited to welcome Firstar Precision to the city.
“They bring with them not only new opportunities for the community, but also a unique business to our thriving Brunswick business sector,” he said.
Contact reporter Bob Finnan at (330) 721-4049 or email@example.com.