News Archive

Swiss company secures financing for $899 million gas-fired power plant in Carroll County

Swiss company Advanced Power AG announced Tuesday that it has arranged financing for an $899 million power plant near Carrollton.

The 700-megawatt plant, Carroll County Energy, will be powered by natural gas from eastern Ohio’s Utica Shale. It could produce enough electricity to power 750,000 homes; Carroll County is home to about 29,000 residents.

Partners TIAA-CREF, Chubu Electric Power Co., Ullico and Prudential Capital Group are providing $411 million in equity commitments. BNP Paribas, Credit Agricole and eight other commercial banks are providing $488 million in senior secured credit.

The plant is scheduled to begin operations in late 2017, said Advanced Power, a privately held company. An estimated 700 construction jobs and 20 to 30 permanent jobs would be created.

Bechtel is building the plant, EthosEnergy will operate the facility and Advance Power, which has offices in London and Boston, will remain as the…

Read More

AcuSport Corp.: Automation that’s right on target

A goods-to-person picking solution moved AcuSport from conventional to automated DC processes. The result is lower fulfillment costs and better customer service.

AcuSport, a distributor of shooting sports products with headquarters in Bellefontaine, Ohio, has a vision to connect the nation’s independent retailers with the sport’s manufacturers to better serve the consumer. Its focus is on the success of its retail customers.

That vision has led the company to introduce several unique value-added services, like a system to share retail point-of-sale (POS) information across the supply chain and an auto-replenishment service to manage inventory for 1,000 of the industry’s independent retailers.

Innovations like those are just two of the ways AcuSport distinguishes itself from the pack. “Retailers can buy the same products at similar prices from multiple distributors,” says Mary Grim, vice president of operations. “Our goal is to be their first choice.”

The approach is working. Not…

Read More

A Taste of ACEnet

To continue the celebration of the 30th anniversary of Appalachian Center for Economic Networks, Kroger in Athens is holding a Taste of ACEnet event next week.

Josh Wise, manager of the store located on East State Street, said the idea for the event came from the continuing mission to promote local businesses and ACEnet. The plan is to have entrepreneurs with products in Kroger visit the store and set up shop near their products and give free samples.

Already confirmed to participate are: Crumbs Bakery, Nature’s Magic, Purely American, Sarah’s Sweets, Shade Winery, Silver Bridge Coffee, Snowville Creamery, Vino de Milo, The Herbal Sage and Shagbark Seed & Mill.

Wise said the event will allow people to meet and greet with the entrepreneurs of these businesses and introduce customers to locally-produced products. A raffle requiring no purchase will be held at the end of the event to give away a large basket full…

Read More

Chillicothe Ranked Among Top 100 Micropolitan Areas

CHILLICOTHE – Chillicothe has been ranked as one of the top 100 micropolitan areas in the country for 2014, and local officials say the designation puts the city in a good position moving forward.

Site Selection Magazine, which focuses on corporate real estate and economic development, recently released its list, which ranked Chillicothe in a tie for 74th. Projects that meet at least one of three criteria — $1 million in new capital investment, 20,000 square feet of new construction or the creation of at least 50 new jobs — are considered when creating the rankings.

Micropolitan areas are a recent designation by the U.S. Census Bureau that are defined as nonmetropolitan counties with core urban populations of at least 10,000 people but fewer than 50,000.

The Carlisle building renovation project and a new facility on Ohio 159 and Delano Road as part of an expansion by Murphy-Hoffman Co. were submitted by JobsOhio,…

Read More

Archived News