Wellsville Intermodal targeted as Opportunity Zone
Tuesday, April 10, 2018
The state has recommended the Wellsville Intermodal Facility to be one of the nation’s Opportunity Zones, according to The Youngstown Business Journal.
Opportunity Zones are part of a community development program that Congress created in the Tax Cuts and Jobs Act in 2017 to encourage long-term investments in low-income and rural communities across the country.
Columbiana County Port Authority Executive Director Penny Traina said that the Wellsville facility, located along the Ohio River, is “extremely well-positioned” for development with the Royal Dutch Shell’s ethane “cracker” plant under construction in Monaca, Pennsylvania and PTT Global Chemical ’s proposed cracker plant project in Belmont County, Ohio.
Learn more: The Youngstown Business Journal > Wellsville Intermodal Facility Recommended for Opportunity Zones
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