Ohio Basic Minerals

New Markets Tax Credit Coalition

Jackson,
OH
(2009)

Ohio Basic Minerals

Community, Manufacturing, Rural

Ohio Basic Minerals saw a chance to nourish and revitalize Schrader and Son Sand and Gravel, a small Jackson family-owned recreational sand and gravel plant, and to chip into a gold mine of potential in an adjacent silica sand quarry.

Investment

NMTC Amount: $2,450,000
Total Project Cost: $8,950,000

IMPACT

24 FTE jobs

CDEs

Finance Fund

Investor

Unknown

Project Description

Southern Ohio’s rural Jackson County is known for picturesque views of the Appalachian foothills and warm, hospitable people. The region is home to several manufacturing companies that utilize Jackson’s abundant natural resources, wealth of skilled workers and low transportation costs. However, in today’s rocky economy, small businesses need TLC to continue to grow and flourish. Ohio Basic Minerals (OBM) saw a chance to nourish and revitalize Schrader & Son Sand and Gravel, a small Jackson family-owned recreational sand and gravel plant, and to chip into a gold mine of potential in an adjacent silica sand quarry. This would enable the company to increase its product offerings, expand to several new industries, reach more customers and bring more jobs and income to Jackson. However, In order to begin producing large quantities of silica products, the plant required expansion. The NMTC-financed its expansion.

MAP

Address: 15317 Beaver Pike, Jackson, OH 45640

Census Tract: 39079957500

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