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Barrels rolling at Speyside Plant

The Telegram

New wooden barrels are rolling off the assembly line in large numbers at the Speyside Bourbon Cooperage Plant in Jackson and it appears this is only the beginning of a very positive economic development story for the local area.

The new plant, which is located in the same building as the former Merillat Plant at 960 East Main Street in Jackson, produces specialized wooden barrels used by the bourbon industry. After working for more than a year to redesign and reequip the plant for its specialized purposes, actual production of the barrels began this past June.

Speyside Bourbon Cooperate General Manager Darren Whitmer shared some very good news about the early progress at the plant and much other positive information at a private open house which was held Wednesday, September 14. The event was attended by state, regional, and local governmental and economic development leaders as well as the plant’s partners, vendors,…

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Return of Athens Mold & Machine is celebrated

The Athens Messenger

The return of Athens Mold and Machine to the city was celebrated Thursday at the plant by company officials and the public and private entities that helped bring it about.

“Today is truly a rising tide day,” said Mayor Steve Patterson. “It’s not only a rising tide, it’s a rebirth day.”

Athens Mold & Machine has owned the Mill Street facility since 1969 but production stopped in 2011, which a company official at be time attributed to the recession and tire companies shifting to overseas suppliers of molds. Since then, there has been a “reshoring” of the tire mold industry.

“They (Athens Mold & Machine) always held tight to the vision of reopening someday in the future. That future is now,” Sara Marrs-Maxfield, executive director of the Athens County Economic Development Council, told the audience at Thursday’s celebration.

“All of us at Athens Mold & Machine are very pleased…

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OU receives $2 million power grant to support regional economic development in coal-impacted communities

The Jackson County Times Journal

ATHENS— Ohio University has received a $2 million grant from the Appalachian Regional Commission’s Partnerships for Opportunities and Workforce and Economic Revitalization (POWER) program to create a 28-county regional innovation network in Ohio, West Virginia and Kentucky.

The goal of the program is to create 125 new businesses and 1,110 jobs and raise $25 million in company investments from public and private sources over the next six years.

“Throughout Ohio University’s 212-year history, we have witnessed the fallout from closures of coal operations, power production facilities and industrial suppliers across this great region. We recognize our responsibility to extend beyond our campuses to engage communities in economic development activities that create jobs and improve lives,” said Ohio University President Roderick J. McDavis.

Ohio University’s Innovation Center, an incubator for small high-tech businesses, and partners from across the tristate region will work collaboratively on the Leveraging…

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Middleport celebrates $3.2M investment in Imperial Electric

Pleasant Point Register

MIDDLEPORT — Questions arose as to the value of investing in an outdated plant in southeastern Ohio after Nidec Corp. of Japan acquired Akron-based Imperial Electric Co. in 2012.

The Middleport facility needed state-of-the-art equipment and improvements to play a key role in the expanding elevator industry.

After careful consideration of factors such as the plant’s central location, its highly trained workforce, and support from government, business and community leaders, Nidec made the decision to keep the facility open.

Meigs County JobsOhio, a private nonprofit designed to drive job creation and new capital investment, and AEP Ohio, a unit of American Electric Power, were among the organizations instrumental in convincing Imperial Electric to make the needed investment with their commitment of grants for $200,000 and $50,000, respectively.

Nidec officials say their $3.2 million Middleport investment reflects Nidec’s commitment to establishing their reputation as a global leader in the production of elevator systems.

Pradeep Sood, president…

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