A downtown Akron tenant that helped the rebirth of the former B.F.Goodrich factory buildings along South Main Street is now in the process of moving out of Akron. AkronNewsNow has learned that Advanced Elastomer Systems (AES) is being moved by its parent firm Exxon-Mobil to Houston in a consolidation move by the oil company. The move comes after Exxon bought out its shared venture with Monsanto in operating A.E.S. The Akron operation has approximately 250 employees.
Akron's Deputy Mayor for Economic Development Bob Bowman says while it's never good to see a firm move out of downtown, the city could be getting another tenant to move into the building. "You never like to lose that, but we've already had some interest in their space, so I won't say that it will be an equal exchange, but we are getting activity on the building. We're working with some possible investors and other companies looking to locate facilities in that building," says Bowman.
Bowman says a start-up polymer firm is interested in the A.E.S. lab space.
The AES building also has several other tenants who are not moving out, including law firms. Bowman said he couldn't estimate the financial impact of the A.E.S. move out of town.
Bowman says the downtown Akron area remains attractive to corporations because of it's growing entertainment, night life and restaurants.
Following the successful conversion of the abandoned Goodrich factory complex into Canal Place, Advanced Elastomer Systems, attracted by the city's polymer industry, moved from St. Louis to Akron into the last refurbished factory building nearly two decades ago .