Holmes, Monroe, and Pike Counties top ten nationally for economic development
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Pike County Recognized Nationally for Economic Development
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Apr 12, 2021
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Monroe County officials attend the second annual Appalachian Basin Real Estate Conference at Oglebay Resort. Pictured, from left, are Commissioner Mick Schumacher, Port Authority Director Jason Hamman, county Treasurer Taylor Abbott and Commissioner Diane Burkhart.
WHEELING Professionals from around the tri-state area gathered at Oglebay Resort recently to learn about corporate facility location trends in the Appalachian Basin and Ohio River corridor.
The conference was attended virtually by others located across the United States. The Appalachian Basin Real Estate Conference is produced by Shale Directories and is the first conference of its kind to identify the once-in-a-generation development opportunities created by downstream natural gas and its derivatives in the Ohio, West Virginia and Pennsylvania tri-state area.
Special to The Times
CLARINGTON The Monroe County Port Authority snagged nearly $3 million to fund a project at the Powhatan No. 7 development site.
The authority recently announced it was awarded the money for infrastructure work.
Jason Hamman, director of the Monroe County Port Authority, said the county secured a $1,515,725 Maritime Assistance Program grant from the Ohio Department of Transportation, along with a $1,212,580 partial grant through the Ohio Development Services Agency’s Rural Industrial Park Loan program. Hamman said the Rural Industrial Park Loan is 60 percent forgiven, while 40 percent of that money is a loan.
“The Rural Industrial Park Loan is 40 percent of the total project cost, so the $1.2 million is 40 percent of the $3 million project and only 40 percent of the total Industrial Park program amount is a loan,” he said.