Ashtabula County and port authority teaming up on economic development projects

An agreement between the Ashtabula County Port Authority and the county would “allow the port authority to borrow $2 million of the county’s ARPA funds” to use for important economic development investments, the Star Beacon reports. Mark Winchell, executive director of the port authority, said there are “strategic and high-level projects” that “will create jobs and tax revenue, and will support long-term development opportunities,” according to the article. The money, which the port authority will repay to the county, will be used for land acquisition and job creation, Winchell said, putting “parcels that are currently either productive or under-productive into a higher level of productivity, in terms of jobs, tax revenues generated, and just overall economic development energy and spending.” For more, read the full article.

Economic Development, State Updates