The AEP Economic & Business Development Team participated in the 5th annual SelectUSA Investment Summit June 20-22nd, 2018 in Washington, D.C. Hosted by the U.S. Department of Commerce, SelectUSA was created to invite and encourage potential foreign investment to the United States. This year, over 1,200 international firm attendees from 66 countries and more than 700 economic development organization representatives from all 50 states attended.
AEPED has partnered with many of our local communities to identify sites with strong potential throughout our 11-state service territory and invest in preparing them for development.
Three sites in southwest Arkansas, in Texarkana, Hope, and Prescott, have earned the Quality Sites designation for project readiness through American Electric Power (AEP). AEP coordinated with its subsidiary Southwestern Electric Power Co. (SWEPCO) on finalizing the designation.
Sofidel, an Italy-based paper tissue manufacturer, held a groundbreaking ceremony on March 16 for its integrated paper production plant in Inola, Oklahoma.