Blog category: State News

Three Sites in Arkansas Receive AEP Quality Sites Designation

May 21, 2018 / Eric Basinger

Three sites in southwest Arkansas have earned the Quality Sites designation for project readiness. AEP subsidiary Southwestern Electric Power Co. (SWEPCO) finalized the designation with local partners. The AEP Quality Sites program intends to make sites more competitive for projects considering a location within AEP-served communities. The AEP Quality Sites program ensures a site has…

Italian Company Chooses AEP-Owned River Rail Site for $360M Investment

April 9, 2018 / Janet Smith

Sofidel, an Italy-based paper tissue manufacturer, held a groundbreaking ceremony on March 16, 2018 for its integrated paper production plant in Inola, Oklahoma. The project, which will locate in the AEP-owned Inola River Rail Industrial Park, includes the construction of a 1.8-million square foot plant that will support 300 jobs. The company investing $360 million…

Kentucky Power Again Plays Role in Bringing Jobs to the Region

December 27, 2017 / Mark James, CEcD

A few years ago our CEO challenged our team to see what we might do to help part of the territory we serve in Appalachia that has been so impacted by the change in our energy industry. Take a few minutes and read the article our Corporate Communications team wrote about the success in Eastern…

Utility Incentives Drive Economic Development

October 13, 2017 / Ashley Savieo, CEcD

Working with a utility partner on your site selection process provides numerous benefits — a knowledgeable economic development team, local insights and partnerships, and, of course, energy expertise. Many large electric utilities also offer incentives to their clients. Incentives offered by electric utilities, which are sometimes referred to as riders, typically offer 2 to 5…

Campbell Soup Selects AEP Certified Site in Findlay, Ohio

June 22, 2017 / admin@adept

Campbell Soup Supply Company will construct a new distribution center in Findlay, Ohio on one of AEP Ohio’s Certified Food & Beverage Sites—the Midwest I-75 Logistics Park. Campbell Soup has begun site preparation for their 741,000-square-foot distribution center. When the center opens in the summer of 2018, it will employ 160 people and ship Campbell…

5 Reasons Why Braidy Industries Chose Eastern Kentucky

June 15, 2017 / admin@adept

In April 2017, Braidy Industries announced a $1.3 billion aluminum rolling mill to be located in Ashland, Kentucky. Braidy’s 2.5 million-square-foot mill is expected to employ 550 permanent workers and 1,000 temporary workers during construction. Braidy seeks to become the nation’s leading producer of affordable, high quality body sheet aluminum, plate and ultra-high strength alloys…

The Governor’s Cup: AEP States Come Out on Top

March 27, 2017 / Mark James, CEcD

According to Site Selection Magazine, the annual Governor’s Cup takes yearly project totals, which are tracked by the Conway Projects Database, and ranks states based on performance criteria over the past year. Projects must meet one of three criteria for inclusion: a minimum capital investment of $1 million, 20,000 or more square feet of new…

Appalachian Power awards $155,000 to fund economic development

November 29, 2016 / Robb Watson

Originally written by Teresa Hamilton Hall for Appalachian Power News Online ROANOKE, Va. – Projects in several Virginia and West Virginia counties and cities have been selected to share $155,000 in economic development grants from Appalachian Power. The awards announced last week are part of Appalachian Power’s efforts to promote economic growth in the company’s service…

I&M Emphasizes Economic Development and Growing our Communities

October 27, 2016 / Robb Watson

Originally written by Tracy Warner for I&M News Working in our communities is integral to being the energy provider of the future.  Part of that process involves working directly with economic development organizations in our communities that lead efforts to grow businesses and attract people. Recently, economic development officials from across I&M’s service footprint met…