Southern Ohio Port Authority met Thursday with some additional good news for the area. SOPA Executive Director Jason Kester explained that SOPA would need to sign a cooperative agreement for a project that will break ground next week.
Kester explained that Lawrence and Scioto County hope to work together to close the project by the end of the year. The project will be a facility that will recycle plastic bottles of various types. A portion of the location was originally set for Scioto County; however, after some tax and facility considerations, the site was moved to Lawrence County. The plan was to have the facility in Lawrence County with a sorting facility in Scioto; however, funding became an issue.
“Originally, the whole project was going to be in Lawrence County,” Kester confirmed.
It was only after the possibility of a tax credit that part of the site was planned for Scioto County. Due to a loss of that credit (the New Market Tax Credit), it was not feasible for the project to locate, even partially, in Scioto. SOPA, however, will be issuing bonds for the project and splitting bond fees with Lawrence County. Those fees will be split 50/50.
“The only other thing we have to do on this project is we have to have money in the escrow,” Kester stated.
After construction, the project is expected to hire 40-50 employees. The project expects to be fully operational by 2020.
Reach Nikki Blankenship at 740-353-3101 ext. 1931.