Loading…
Sunday, May 03, 2015
Current Weather
Loading Current Weather....
HomeNewsLocal
Published: Thursday, 6/24/2010

Ohio utility companies to start bond-fund for local manufacturers

FirstEnergy Corp. and its Ohio utility companies will sponsor a coordinated bond-fund program through the Toledo-Lucas County Port Authority and two port authorities in northeast Ohio to support lending to local manufacturers.

The utility, which owns Toledo Edison, will contribute $2.5 million to each port authority to fund a bond program to promote economic development and job retention for members of the Ohio Manufacturers' Association.

Each of the three port authorities will offer long-term, fixed-rate financing at competitive rates to qualified manufacturers, a spokesman for the manufacturers' association said.


Recommended for You


Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.








Poll