I want to publicly thank the Southern Ohio Diversification Initiative (SODI) for approving $150,000 in financial assistance to the Southern Ohio Port Authority (SOPA) for improvements at the Bob Walton Industrial Park in New Boston.
These funds will be used to pay for relocation of electrical power lines which is part of the site preparation needed for plant construction of Reliance Steel's Infra-Metals project.
This is the first allocation of funding to support economic development efforts in the four-county region as a result of proceeds SODI has received from the recycling of excess clean scrap metals at the Department of Energy's Piketon plant.
Reliance Steel is expected to begin construction in New Boston before the end of the year and projected to be in operation by mid 2012. The company plans to begin with approximately 66 employees and hopes to employ about 100 workers at full production. It will be a subsidiary of Reliance-Infra-Metals of Wallingford, Conn.
I would also point out that SODI is a Department of Energy recognized Community Reuse Organization. Under an agreement between DOE and SODI, non-radioactive scrap metals from the cleanup of the former uranium enrichment plant in Piketon are being transitioned to SODI for recycling with a portion of the recycling proceeds returned to the local communities to support economic growth in Scioto, Pike, Ross and Jackson counties.
Mike Payton
9-15-2011
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