Port authority authorizes up to $11M in bonds for new building at Salem Industrial Park
LISBON — The Columbiana County Port Authority board authorized the issuance of bonds for up to $11 million in a lease deal Monday that will help Hickey Metal Fabrication construct a new industrial/office building at the Salem Industrial Park. CCPA Executive Director Brittany Smith said the move involves the use of a capital lease, a financing power that port authorities have to promote economic development or provide incentives to developers. “This is a very big deal. We’ve been working really hard the past few years to promote economic development and port authority powers. ...