Photo from Herald-Dispatch
IRONTON – Months after the Holiday Inn Express and the Frisch’s Big Boy restaurant opened, local officials marked the grand opening of the Gateway Centre, a project that has provided 70 jobs to Ironton and could provide another 70 to 90 jobs during its second phase.
The $10 million project to bring the hotel and restaurant to South 9th Street has provided 70 full-time equivalent jobs, said Bill Dingus, executive director of the Lawrence Economic Development Corporation.
“We’re on the edge of having two more” businesses locating in the Gateway Centre area, which includes the former Ohio National Guard Armory and property along the north side of South 9th Street, Dingus said. “We expect to have 150 jobs here.”
The hotel and restaurant opened last year, but Tuesday was the first time all the principals could get…
SOUTH POINT — The Lawrence Economic Development Corporation has received official certification to become an Employment Based-5 Regional Center for the counties of Lawrence, Scioto, Jackson and Gallia.
EB-5 was created by Congress in 1990 to stimulate the U.S. economy through job creation and capital investment by foreign investors. EB-5 foreign direct investors must invest in a new commercial enterprise, create or preserve at least 10 full-time jobs within two years, and invest in at least $500,000.00 in capital investments in the rural counties of Lawrence, Scioto, Jackson and Gallia. This specific regional center is focused on commercial for profit companies specializing in distribution, warehousing and logistics.
“As LEDC initiates industrial recruitment efforts on a global scale, the EB-5 Visa Program will be a powerful tool,” said Bill Dingus, executive director of the LEDC. “Statistics show a keen interest in the Asian communities for investing in U.S. communities that have an…