ODNR Releases First Quarter Production Numbers for Oil and Gas

COLUMBUS, OH – During the first quarter of 2015, Ohio’s horizontal shale wells produced 4,401,687 barrels of oil and 183,585,256 Mcf (183 billion cubic feet) of natural gas, according to figures released today by the Ohio Department of Natural Resources (ODNR). Oil increased by more than 842,000 barrels and gas by more than 18 billion cubic […]

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New Bakery Co. sold for $80 million

DUBLIN – Fast-food chain Wendy’s released new details regarding the sale of the New Bakery Co. in Zanesville on Wednesday, but the sale’s effect on employees won’t be known until after transitional meetings later this week. The New Bakery carried an $80 million price tag. The restaurant chain expects proceeds after taxes to total about $50 […]

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Manufacturing Needs Young Hires

The skills gap issue is not new to the U.S. manufacturing industry. Several prior studies confirm manufacturing executives are concerned about attracting, training, and retaining talent to drive innovation and growth agendas in their organizations. The sentiment remains the same today. The 2015 study reveals an overwhelming majority (84 percent) of executives agree there is a […]

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Officials celebrate continued development in Ironton

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 […]

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LEDC aims for global outreach

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 […]

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Ethane Cracker Supply Chain Market Study

Executive Summary The Ethane Cracker Supply Chain Opportunities market research study explores the potential impact on regional and future businesses of the proposed Appalachian Shale Cracker Enterprise, or ASCENT. ASCENT is a proposed ethane cracker site including the cracker, three polyethylene plants, water treatment facilities, and a gas-fired co-generation power plant to be carried out […]

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PTT Selects Former First Energy Plant for Cracker

YOUNGSTOWN, Ohio — PTT Global Chemical has selected the former Dilles Bottom coal-fired power plant in Belmont County as the site for the $5.7 billion ethane cracker plant the company is considering whether to build in Ohio. The site was disclosed in an investor presentation that the Thai-owned company made May 15. JobsOhio announced April […]

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Angel group formed to help economy in Tri-State

ASHLAND – The Tri-State Angel Investment Group, formed earlier this year, has made an initial $100,000 investment to help local businesses start up or expand and bring more jobs to the area. The group of investors has raised $1.2 million to help Tri-State businesses grow, said Nick Fosson, director of the Kentucky Innovation Network office […]

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America’s oil boom sputtering back to life one rig at a time

The oil boom isn’t dead after all. For the first time in five months, a rig in the Williston Basin, where North Dakota’s Bakken shale formation lies, sputtered back to life and resumed drilling for crude. And then one returned to the Permian Basin, the nation’s biggest oil play, field services contractor Baker Hughes Inc. […]

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Bellisio dishes out donation to JCEDB

As a part of the company’s ongoing community support, Bellisio Foods has made a generous donation to the Jackson County Economic Development Board. On Wednesday, company officials Mike Evans, Ryan Wright, and Larry Sprague presented a check for $5,000 to the JCEDB and its leaders, Executive Director Jennifer Jacobs and Assistant Director Sam Brady when […]

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