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Last updated 1:14PM ET
July 19, 2018
WOUB Local News
WOUB Local News
State help for Monroe County industry
(2007-08-28)
(WOUB) - The State of Ohio is providing financial assistance to help bring jobs to Monroe County.

The funds are for the Artco Group...which is making plans to purchase and renovate the closed Ormet Corporation rolling mill...to produce thick plate steel.

Artco has just been awarded a 40 percent tax credit, valued at more than 100 thousand dollars over seven years.

Artco will also receive a low interest loan of two-point-five million dollars.

The expected total cost for the project is eight-point-five million dollars.

It's supposed to create 45 new jobs within three years.
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