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Kraft could add 300 full-time positions by 2018

COSHOCTON – A possible expansion of Kraft’s local facility would bring 300 manufacturing positions to Coshocton — a turning point for the county that has lost almost half of its manufacturing jobs in the last 14 years.

Monday, the Ohio Tax Credit Authority approved a 60 percent, 10-year tax credit to Kraft Foods Group Inc. for the creation of 300 full-time equivalent jobs by 2018.

The jobs would be in manufacturing, said Kraft representative Joyce Hodel, and would pay an average of $14 an hour depending on the skill and training level of the employee.

Almost doubling the current workforce, the creation of these jobs would generate $8.7 million in additional payroll to the $14 million already annually generated in the county by Kraft. To retain the tax credit, Kraft would have to maintain operations at its Coshocton location for at least 13 years.

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Locals visit White House to explore rural economic opportunities

Two Athens County development leaders were in Washington D.C. this past week for the announcement of a $10 billion initiative to promote rural economic development.

Screen Shot 2014-07-30 at 3.22.04 PMThe U.S. Rural Infrastructure Opportunity Fund is designed to grow local economies by increasing access to capital for infrastructure projects and speeding up the process of infrastructure improvements.

Appalachian Partnership for Economic Growth President John Molinaro and Rural Action CEO Michelle Decker went to the White House Wednesday for a meeting of the White House Rural Council. Approximately 80 people were invited to attend.

The next day they participated in the first-ever White House Rural Opportunity Investment Conference. The conference brought together business and financial community leaders, federal government officials, rural development experts, and others to promote investment opportunities in America’s rural areas.

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Three Rivers Energy To Put $10 Million Into Local Facility

Three Rivers Energy is investing an additional $10 million into its Coshocton facility because of its production being higher than original estimates.

bildeCompany President Jim Galvin said a new storage bin doubling current corn capacity to 1 million bushels will be completed by October and a new system for production of corn oil is targeted to be online Aug. 1.

The biofuels refinery originally was predicted to make about 45 million gallons of ethanol per year when it started production last October. Galvin said that’s closer to 50 million gallons now, and they hope to be above that in three years. He credits that to a growing ethanol market and the hard work of the 35-person local staff. Along with ethanol, they make distillers grains to feed livestock and corn oil. Production of carbon dioxide,…

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