Grant gives boost to First Solar project in Perrysburg Township
Posted By: The Toledo Blade on October 2, 2023. For more information, please click here to read the source article.
The Wood County Port Authority is being awarded a $681,000 Roadwork Development Grant in support of the First Solar Inc. project in Perrysburg Township.
The funds are part of $1 million released Monday by the Ohio Department of Development for infrastructure development.
The Roadwork Development Grant assists with eligible public road improvements and helps employers in creating and preserving employment opportunities.
“Investing in infrastructure and business is vital in supporting economic development,” said Lydia Mihalik, the director of the Department of Development. “Some of these projects will beautify their communities, and others will provide a lift to the businesses that make a difference in the lives of so many.”
On Monday, the Ohio Controlling Board approved more than $900,000 through its roadwork and cleanup grants, and $100,000 as part of the Regional 166 Direct Loan Program.
Another grant went to the community of Bidwell, Ohio, in Gallia County, which is receiving $250,000 for assessment and cleanup activities as part of its Station Cleanup.
In addition, $100,000 was approved for Farnsworth & Crance Holdings LLC to assist in financing the purchase of a 9,980-square-foot building in Youngstown that will enhance efficiencies and facilitate business growth and employment as part of the Regional 166 Direct Loan Program.
The Regional 166 Direct Loan Program provides low-interest loans to businesses with limited access to capital from private funding sources.
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