News Archive

New Bakery Co. sold for $80 million

The restaurant chain expects proceeds after taxes to total about $50 million.

About 320 employees work at the two Zanesville plants, the majority of them at the Airport Road location. It is unknown how the sale will affect them, but Scott Donaldson, the director of human resources for New Bakery, said he sees the sale as an opportunity.

The New Bakery distributes products from Colorado to the east coast of the U.S.

“I think it’s really going to be a good thing for us as far as our growth,” Donaldson said. “We’re really excited about the opportunity to work with East Balt.”

East Balt Bakery, the Chicago-based company that…

Read More

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 talent shortage in the U.S. manufacturing sector.

Not only is there a shortage today, but research results indicate there is a more pressing, longer term issue confronting manufacturers. The skills gap is widening, and over the next decade, 3.4 million manufacturing jobs will likely be needed.  In addition, an estimated 60 percent of these positions are likely to be unfilled due to the talent shortage. As a result, only 1.4 million out of 3.4 million positions are expected to be filled, implying that the U.S. manufacturing sector is likely to suffer a shortfall of 2 million…

Read More

Officials celebrate continued development in Ironton

Photo from Herald-Dispatch

Photo from Herald-Dispatch

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 restaurant to South 9th Street has provided 70 full-time equivalent jobs, said Bill Dingus, executive director of the Lawrence Economic Development Corporation.

“We’re on the edge of having two more” businesses locating in the Gateway Centre area, which includes the former Ohio National Guard Armory and property along the north side of South 9th Street, Dingus said. “We expect to have 150 jobs here.”

The hotel and restaurant opened last year, but Tuesday was the first time all the principals could get…

Read More

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 in a new commercial enterprise, create or preserve at least 10 full-time jobs within two years, and invest in at least $500,000.00 in capital investments in the rural counties of Lawrence, Scioto, Jackson and Gallia. This specific regional center is focused on commercial for profit companies specializing in distribution, warehousing and logistics.

“As LEDC initiates industrial recruitment efforts on a global scale, the EB-5 Visa Program will be a powerful tool,” said Bill Dingus, executive director of the LEDC. “Statistics show a keen interest in the Asian communities for investing in U.S. communities that have an…

Read More

Archived News