Struggling county hopes Chinese co. will rescue closed factory - 13abc.com Toledo (OH) News, Weather and Sports

Struggling county hopes Chinese co. will rescue closed factory

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WAVERLY, Ohio (AP) - New owners of the site of closed cabinetry factory are planning on bringing new businesses and jobs to the southern Ohio county with the state's highest unemployment rate.

The Columbus Dispatch reports that officials in Pike County are enthused about the new uses for a 57-acre plant that closed two years ago and took some 1,200 jobs. At its peak, it had employed 3,000 people.

Pike's unemployment rate in November was 11.9%.

Real estate development partners with a history of finding new uses for such sites bought the former Mill's Pride plant this month for $5 million from Masco Corp.

There are already plans for a lumber operation that will initially employ 28 people. And there are talks under way with a Chinese company about making furniture at the site.

 

Information from: The Columbus Dispatch, http://www.dispatch.com