Purchase Ford Plant
COLUMBUS, Ohio (AP) — Ohio's treasurer says the state has issued $6.1 million in bonds to support purchase and renovation of a former Ford Motor Co. plant in southwest Ohio.
Ohio Treasurer Kevin Boyce said Friday that the Ohio Enterprise Bond Fund provided the funds to the Industrial Realty Group for purchase and renovation of the 1.9 million square-foot building in Clermont County.
The Ohio Enterprise Bond Fund provides a source of low-cost borrowing for qualified Ohio businesses.
Boyce says renovation of the large facility should help with long-term job growth.
Los Angeles-based IRG will market the facility for use by multiple tenants.
More than 1,700 employees worked at the Ford transmission plant in Batavia Township before it closed in May 2008.