Reinvestment of money from a sale of land and the transfer of funds topped the Zanesville-Muskingum County Port Authority agenda.
The Port is concentrating on moving $2.7(m) in cash left from the land sale to Halliburton. The goal is to move that money into different funds so they can continue to make reinvestments without making any rash decisions.
"Some of that may be improving the ground we still have at Eastpointe because there are some utilities, there's some grading...
The City of Zanesville cashes in on the sale of the Eastpointe Job Ready Site to Halliburton.
About 10 years ago then Mayor Jack Fenton and former Port Authority Executive Director Larry Merry struck a deal where the city would provide $65,000 in funds for the purchase of Eastpointe property. They would then recoup money with its sale, giving the city over $332,000.
"This will just help with some of the problems we're going to have with the power bills and the fuel going up...
Thousands of dollars in contributions helps bring attention to Muskingum County.
Since 1989 the Chamber of Commerce, through contributions from the private business sector, have contributed money in a partnership with the Port Authority to help fund roads, support marketing and fund other projects. The Chamber of Commerce President said private donations help to grow business.
"This is their market place," explained Tom Poorman. "It gives them customers doing...
With the help of both the city and county, Eastpointe is getting a new face lift.
Zanesville Muskingum County Port Authority Executive Director Mike Jacoby says both parties have agreed to set aside some of their JEDD income tax that they share from the business park to get the repairs done. In doing this, they will each set aside 50,000 dollars a year for 8 years. Jacoby adds Muskingum County Engineer Doug Davis made a big impact on helping with the project.
The Muskingum County Port Authority is working on ways to generate revenue.
Executive Director Mike Jacoby said their biggest issue has been the downturn in the commercial real estate market. He said they had a good year in 2007 because they sold a lot of land, but they haven't seen much activity since.
"We've had a long period of investment and now we've not had since 2007 not had any land sales and that's a big part of our revenue," he said.
The Port Authority is putting its feet to the pavement.
Executive Director Mike Jacoby and a member of the Port Board are leaving their offices and meeting with major employers in Muskingum County.
The goal is to build relationships with businesses in our area.
"We're also asking some business climate issues so we can identify some ways we can help them locally in the short term and if there are bigger business climate issues we can pass them on to the State of Ohio,...