COLUMBUS — JobsOhio announced Thursday that has released $10 million in funds toward the construction of the Petmin pig iron plant in the Ashtabula Harbor.
The money, in the form of a $5 million economic development grant and a $5 million revitalization grant, will help Petmin begin construction on the $474 million plant. Construction, which is expected to take around two years and require around 650 workers, is expected to start in late spring or early summer this year.
Petmin officials have said the plant will employ 110 workers.
The release of the two grants was originally announced in a news release from the office of State Sen. Sean O’Brien (D-Bazetta Township) at about 4:30 p.m. Thursday. JobsOhio spokesman Matt Englehart confirmed the details about an hour later.
“This investment in Ashtabula County is a smart one,” O’Brien said. “We have some of the best workers in the world and this plant will go a long way toward improving the economy of our region. I’m thankful for the work JobsOhio, our local leaders and my colleagues in the legislature have done to bring this project to fruition.”