Jug Project to Begin July 2019
The Tyler County Development Authority met recently and announced there are plans to begin working on the Jug Project in July 2019. The US Department of Highways, Division of Natural Resources, and Development Authority have organized plans and secured enough funding to rebuild the Jug Dam, build a canoe/kayak launch, and place a walking trail around the Jug.
In other news, the authority’s audit committee reviewed offers from three potential auditing firms before selecting an auditor to cover the next two years. The firm B.H.M.- CPA group out of Huntington won the bid at $5,000. This firm also had the highest point tallied on a score sheet after a thorough evaluation of all three groups.
The broadband initiative is progressing, and development authority members are pleased with the group hired to perform the initiative. It was explained Tyler County is currently at the same pace of several other counties, which are also trying to update their broadband
It was also announced that Brown Beaver LLC has recently purchased the old Real Alloy site in Tyler County, and the company is conducting some housecleaning before being operational. It is hopeful the business will increase rail traffic, as well as provide jobs.
Authority member Eric Peters mentioned he attended an Opportunity Zone meeting; it was explained an opportunity zone allows people who have capital gains to place their money in a firm that invests capital gains, on their behalf, on eligible projects within these zones; over 10 years they stay in that zone and pay no capital gains on any funds they have acquired from that investment.
In another matter, it was explained there was a community advisory panel meeting at Momentive where it was discovered that Momentive is the world’s second largest silicone manufacturer, so Momentive is an attractive investment, even internationally. Momentive hired 16 new chemical operators and is still filling positions, so by the end of the year there will be an expected 30-40 new hires.
Also, the authority was informed there was a rail spur repair recently that fortunately was taken care of in one day. Also, proposals have been submitted to fix the railway expansion located in Bens Run. The crossing is expected to cost approximately $200,000; however, certain costs will be paid for by the West Virginia DOH through federal funding, which covers $92,000 in materials, $15,000 for traffic control, $19,800 for paving. After cost evaluation, the development authority will end up spending approximately $76,000. The earliest the project could start will be April of 2019.
The next Tyler County Development Authority meeting will be held on Nov. 15 beginning at 7 p.m. and located at the Tyler County Courthouse in Middlebourne.