TIFFIN, OHIO – July 21, 2020 – Webster Industries has announced that for a second year in a row, it is investing more than $2 million in its operations in Tiffin, Ohio. In 2020, the company expects to spend over $3 million in major productivity, capacity, capability and facility enhancement projects.
A manufacturer based in Marlboro, New Jersey announced today that it plans to open a new facility in Fremont, Ohio. International Cushioning Company, LLC (ICC) will expand its operations into Ohio and locate at the former Fremont Plastics Building located at 2101 Cedar Street, Fremont. ICC expects to hire 75 employees within their first year and will invest $3.4 in associated payroll with a total capital investment of over $3.6M.
COVID-19 has spawned concern for the health of communities and anxiety for the future of local businesses. Amidst the uncertainty, area organizations look to economic development leaders.
When the Conneaut Human Resources Council (Conneaut HRC) learned the facility would need a new roof, it applied to NOPEC (Northeast Ohio Public Energy Council) for a PACE loan to finance it. The new roof qualified as an energy efficiency improvement, one of the requirements for this financing. Conneaut HRC will save approximately $1,015 annually on its energy costs after installing the new roof with better insulation. The $115,000 financing is structured with a 3.5% fixed-interest rate and 15-year term. The project financing also included a $45,000 Community Development Block Grant provided by Ashtabula County.
(Wilmington, Ohio) The Clinton County Port Authority is partnering with Ohio’s Small Business Development Center (SBDC) program to bring advisor Sangmi Kim to Clinton County weekly through the end of the year.