AKRON — Laboratory and testing services enterprise Smithers Group has canceled plans to move its operations to a space in downtown Akron, citing the impact of the COVID-19 pandemic "on financial arrangements established as part of the project."
Smithers had disclosed plans in August 2019 to move its headquarters and about 200 employees to a redeveloped Austen BioInnovation Institute campus in downtown Akron from its existing site on West Market Street about a mile west of the downtown facility.
The project was valued at $16.9 million, which included funding from Summit County and the city of Akron.
"Despite the best efforts of Smithers, Akron Children's Hospital, the city of Akron and Summit County, the COVID-19 pandemic made the project untenable when everyone's focus needed to be on the health and safety of their employees, clients and communities," Smithers told Crain's Cleveland Business, a sister publication of Tire Business.