This week we’re seeing our mission and values come to life as we celebrate another success story. Ohio Basic Minerals (OBM), a sand and gravel company in Appalachia’s Jackson, Ohio, is holding their grand re-opening Thurs., May 27. OBM is celebrating its newly expanded and revitalized facility. The project created 35 construction jobs, retained seven full-time labor positions and the company plans to add 30 new jobs in the next three years. Read the success story here.
Finance Fund was able to provide more than $2.45 million from our Finance Fund Capital Corporation (FCAP) and the New Markets Tax Credits (NMTC) resources for expansion and new equipment for the sand and gravel facility. This will not only help OBM compete in new markets and increase revenue, but will enable the company to hire new employees and stimulate Jackson’s economy.
This Thursday we’ll proudly join OBM in celebrating the new facility with a ribbon-cutting ceremony, tours of the facility and special before and after displays. Several local and state dignitaries will be in attendance, in addition to company CEO, president, employees and business partners.
Here’s to Ohio Basic Minerals—another Ohio economic development success story!
Tags: economy, expansion, Finance Fund, Finance Fund Capital Corporation, Jobs, Low Income Community, New Markets Tax Credit, NMTC, OBM, Ohio Basic Minerals, Ohio Department of Development, revitalization, sand, State of Ohio
