facebooktwitterRSS
- Advertisement -
  • Most Commentedmost commented up
  • Most Emailedmost emailed up
  • Popularmost popular up
- Advertisement -
 

« News Home

Wilson touts clean coal



Published: Thu, August 19, 2010 @ 12:00 a.m.

By Grace Wyler

photo

Charlie Wilson

By GRACE WYLER

gwyler@vindy.com

Canfield

Investment in clean-coal technology should be a key component of the region’s economic- development strategy, U.S. Rep. Charlie Wilson of St. Clairsville, D-6th, said at a breakfast with business leaders and elected officials here.

The development of new energy technologies, using coal and natural gas, could boost significantly the region’s economy while helping reduce U.S. dependence on foreign oil, he said.

Wilson added that his congressional district, which spans 325 miles along the Ohio River, has abundant coal reserves, making the area a prime location for energy- industry development.

“We need to develop the industry using the coal we have to produce the energy that we need,” Wilson said Wednesday. “[Coal] is what brought us here, and I think it is what could make the difference.”

As evidence of the potential of a clean-coal-energy industry, Wilson pointed to Baard Energy’s plans to build a plant in Wellsville that would convert coal into liquid jet fuel. The $6 billion project, which will create 450 permanent positions, is expected to begin next year.

Small-business growth will be another key element of the Valley’s economic success, Wilson said. He added that banks need to increase small businesses’ access to capital, highlighting legislation he introduced earlier this year that would give tax credits to banks that lend to small businesses.

Wilson acknowledged that the economic recovery has been slower than he had hoped.

“The biggest thing that will turn around the economy is job creation,” he said. “I believe that we are on the right track, but there is still so much to be done.”

The event, hosted by the Youngstown/Warren Regional Chamber at Avion on the Water and sponsored by First Place Bank, focused largely on the economic recovery and the importance of regional development.

Steven Lewis, chief executive of First Place Bank, said that banks and other members of the business community will play an integral role in the region’s economic recovery through lending and investment.

Addressing attendees, Lewis said that the “private sector must join the government” to advance regional economic development.


Comments

Use the comment form below to begin a discussion about this content.


News
Opinion
Entertainment
Sports
Marketplace
Classifieds
Records
Discussions
Community
Help
Forms
Neighbors

HomeTerms of UsePrivacy StatementAdvertiseStaff DirectoryHelp
© 2014 Vindy.com. All rights reserved. A service of The Vindicator.
107 Vindicator Square. Youngstown, OH 44503

Phone Main: 330.747.1471 • Interactive Advertising: 330.740.2955 • Classified Advertising: 330.746.6565
Sponsored Links: Vindy Wheels | Vindy Jobs | Vindy Homes | Pittsburgh International Airport