Panelists at the Pittsburgh Business Times Corridors of Opportunity event Wednesday in Wintersville, Ohio, were (from left): Ed Looman, Eastern Ohio project manager of the Appalachian Partnership for Economic Growth; Rich DeLuca, president of the Jefferson County Chamber of Commerce; Evan Scurti, director of economic development at the Jefferson County Port Authority; and Pittsburgh Business Times Publisher Alan Robertson, who moderated the panel.
Steubenville and Jefferson County, Ohio, may not be seeing the large Utica Shale-related growth of neighboring counties, but they’re on the cusp of big things.
That’s the message from economic development officials who spoke at the Pittsburgh Business Times’ Corridors of Opportunity: Jefferson County event held Wednesday afternoon at the St. Florian Hall in Wintersville, about five miles west of Steubenville.
“The timing is great, because there is a lot of opportunity in our area,” said Evan Scurti,…
Refinery in Jackson Sends Recycled Gold to Asia for Jewelry
JACKSON, Ohio – Building contractor Alan Stockmeister is known around town for his stewardship of local businesses: radio stations, a movie theater and a bank, for example. But nothing has been quite like his refinery just off Main Street, which has become an outpost in the multibillion-dollar global gold trade.
Ohio Precious Metals LLC owns one of five refineries in the U.S.-there are 73 world-wide-certified to melt scrap gold and pour it into ingots that can be traded on global markets. OPM’s more than 170 workers process several billion dollars a year in gold and silver headed for banks and jewelers in New York, London and Shanghai.
“Historically, gold refineries have been near production sites, mines or the big financial centers where gold is traded,” says David Jollie, a London-based analyst at gold trader Mitsui Precious Metals. Ohio…
Kraft Foods in Coshocton is expected to hire 300 additional workers by 2018. Tribune file photo Kraft Foods in Coshocton is expected to hire 300 additional workers by 2018. (Photo: Tribune file photo)
COSHOCTON – Next year, the Coshocton Kraft facility will become the company’s sole bacon manufacturer, a designation that brings with it 300 manufacturing jobs, a $40 million investment and hope for an area that’s seen the loss of almost half of its manufacturing positions since 2000.
Coshocton was the perfect place for the Kraft to move its bacon production, representative Joyce Hodel said, because it already produces about two-thirds of…
PEEBLES, OHIO – GE Aviation’s Peebles Test Operation celebrates 60 years of operation with the opening of a new $40 million indoor jet engine test facility.
The new indoor test facility (Site 5D), which will begin testing production engines by year end, was built to accommodate the growing volume of GE90 and GEnx engines as well as the new GE9X and LEAP engines. The new site is the eleventh test site at the 7,000-acre Peebles Test Operation, located near the foothills of the Appalachian Mountains in southeastern Ohio.
GE Aviation’s Peebles Test Operation began as a GE rocket engine test facility in 1954. After a year of operation, GE mothballed the site until 1965 when it helped with certification testing of the TF39 engine for the Lockheed C-5 Galaxy military transport aircraft. The site continued to grow during the next five decades and has seven outdoor…