LISBON, Ohio (WYTV) – Columbiana County commissioners have agreed to start a process that will permit developers of a proposed natural gas-powered electricity-generating plant to receive property tax breaks.
The Morning Journal says commissioners have concurred with trustees in Yellow Creek Township, voting to apply for an “enterprise zone” designation for the property.
That request now goes to the Ohio Development Services Agency. It could take a few months to get approval.
Advanced Power Services intends to build a $1.1 billion gas-powered electric plant on 150 acres off Hibbetts Mill Road in Yellow Creek Township. They hope to begin construction of what they’re calling the South Field Energy facility in the fall.
After the state has approved the enterprise zone designation, businesses seeking a tax break would approach the township trustees to negotiate an agreement, which has to be approved by commissioners.
Any agreement granting a tax break of more than 60 percent and for 10 years or longer would also need the approval of the affected school district.