A Midwest logging operation needed to identify an existing 150,000 sq. ft. facility with rail, highway and water access. Three states, including Ohio, West Virginia and Indiana, competed for the operation. The total company investment was projected to be $11,000,000. An employment of 100 with a total payroll of $1.9 million was expected by completion of the project.
The logging operation partners hired our team to pursue economic assistance from local and state agencies. The preferred site in Southern Ohio was selected in part due to an incentive commitment in excess of $2.7 million that was comprised of a combination of tax credits, tax exemptions, grants and low interest loan.