Classifier Instance:

Anchor text: Ohio
Target Entity: Ohio
Preceding Context: In April 1925, Frederick Rentschler, an
Succeeding Context: native and former executive at Wright Aeronautical, was determined to start an aviation-related business of his own. His social network included Edward Deeds, another prominent Ohioan of the early aviation industry, and Frederick's brother Gordon Rentschler, both of whom were on the board of Niles Bement Pond, then one of the largest machine tool corporations in the world. Frederick Rentschler approached these men as he sought capital and assets for his new venture. Deeds and G. Rentschler persuaded the board of Niles Bement Pond that their Pratt & Whitney Machine Tool subsidiary of Hartford, Connecticut, should provide the funding and location to build a new aircraft engine being developed by Rentschler, George J. Mead, and colleagues, all formerly of Wright Aeronautical. Conceived and designed by Mead, the new engine would be a large, air-cooled, radial design. Pratt & Whitney Machine Tool was going through a period of self-revision at the time to prepare itself for the post–Great War era, discontinuing old product lines and incubating new ones. The Great War had been profitable to P&WMT, but the peace brought a predictable glut to the machine tool market, as contracts with governments were canceled and the market in used, recently built tools competed against new ones. P&WMT's future growth would depend on innovation. Having idle factory space and capital available at this historical moment, to be invested wherever good return seemed available, P&WMT saw the postwar aviation industry, both military and civil (commercial, private), as one with some of the greatest growth and development prospects available anywhere for the next few decades. It lent Rentschler $250,000, the use of the Pratt & Whitney name, and space in their building. This was the beginning of
Paragraph Title: Early history
Source Page: Pratt & Whitney

Ground Truth Types:

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