InfraMetals one step closer to reality
Common Staff Writer
On Tuesday officials with the Southern Ohio Port Authority (SOPA) and InfraMetals signed an agreement to purchase land in New Boston to construct a $13 million steel distribution plant.
“All of the paperwork is signed,” said Steve Wells, Scioto County Economic Development Director.
On Tuesday the Scioto County Commissioners approved the release of land in New Boston to SOPA for the purpose of selling it to InfraMetals.
“This is the property that will involve InfraMetals,” said Skip Riffe, Chairman of the Scioto County Commissioners.
He said the county has a mortgage on that property and the commissioners releasing the property were necessary for the closing.
“This is definitely good news,” Riffe said.
Riffe said the county stands to gain around $413,000 from the sale of the property.
“They (InfraMetals) are going to start off with 60 new jobs. Over the next few years they expect to be at over 100 employees. Of course there will also be construction jobs,” Riffe said.
SOPA first announced in 2007 their plans to remediate land behind the former Wal-Mart building, where a diesel shop once operated in the New Boston Coke Plant. InfraMetals agreed to purchase the land from SOPA after it had been remediated and approved by Environmental Protection Agency.
After SOPA had completed its remediation of the New Boston property last fall, they and InfraMetals hosted a formal groundbreaking ceremony.
As further incentive to build in New Boston, the company was granted a 40 percent, six-year Job Creation Tax Credit from the state of Ohio and a 75 percent, 10-year local tax credit from the village. Also, last month, the Scioto County Commissioners approved an application to the Governor’s Office of Appalachia for $150,000 to help InfraMetals purchase an overhead crane that will be used in the New Boston facility.
Wells said there was no indication given as to when construction might start.
“They (InfraMetals) are ready to go as soon as the deal is complete. The building is designed, they’ve got a contract ready for somebody and they are ready to go. It will happen really fast,” Wells said.
Wayne Allen may be reached at 740-353-1151, or email@example.com.
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