A THRIVING MANUFACTURING REGION
The Appalachian Partnership for Economic Growth serves companies and site consultants by acting as the single point of entry into the region it serves. LEARN MORE
Initial $100,000 investment made to help local businesses start up or expand and bring more jobs to the area
The group of investors has raised $1.2 million to help Tri-State businesses grow, said Nick Fosson, director of the Kentucky Innovation Network office in Ashland, one of 13 in Kentucky. It was funded from a grant from the Kentucky Economic Development Cabinet Office of Entrepreneurship.
“Our mission is to improve the economy of the region,” Fosson said. “The first priority is to invest in regional businesses. We have to think regionally.”
The region the network will fund projects in is within 50 miles of the Ashland, Ironton and Huntington areas, he said. The group currently is composed of Ashland and Ironton area investors and would like to see more investors from Huntington and expand the initial investment to $3 million, Fosson said.Read More
The oil boom isn’t dead after all
For the first time in five months, a rig in the Williston Basin, where North Dakota’s Bakken shale formation lies, sputtered back to life and resumed drilling for crude. And then one returned to the Permian Basin, the nation’s biggest oil play, field services contractor Baker Hughes Inc. said Friday.
Shale explorers including EOG Resources Inc. and Irving-based Pioneer Natural Resources Co. say they’re preparing to bounce back from the deepest and most prolonged slowdown in U.S. oil drilling on record. The country has lost more than half its rigs since October, casualties of a 49 percent slide in crude prices during the last half of 2014. Futures rallied above $60 a barrel early last week, but a sudden return to oil fields would threaten to end this fragile recovery.Read More
As a part of the company’s ongoing community support, Bellisio Foods has made a generous donation to the Jackson County Economic Development Board
On Wednesday, company officials Mike Evans, Ryan Wright, and Larry Sprague presented a check for $5,000 to the JCEDB and its leaders, Executive Director Jennifer Jacobs and Assistant Director Sam Brady when the two sides came together on the Bellisio campus in Jackson.
“We are very happy and proud to be associated with the economic development group here, and I would especially like to thank Jennifer and Sam for all of the hard work they have put in on their endeavors,” said Evans, who serves as Bellisio’s Senior Vice President of Operations. “As a result of all their fine efforts, we are proud to provide this donation.”Read More