Space Visits Jeld-Wen and Welcomes New USEC Jobs

“Private Investment Comes as a Major Boost to USEC’s Ohio Operations, Will Create Jobs”

WASHINGTON, D.C. (from press release) — Following today’s news that the Babcox & Wilcox Investment Company (B&W) and Toshiba Corporation have reached an agreement to invest $200 million in USEC, U.S. Rep. Zack Space issued the following statement:

“Today’s announcement is great news for USEC, its Piketon facility, and job-seeking Ohioans across our region,” Space said.  “Nothing is more important to me than creating and protecting Ohio jobs, and I’m pleased to hear that USEC will continue to play a key role in Ohio’s economy.”

USEC has been seeking a federal loan guarantee for its American Centrifuge Plant in Piketon, which, if successful, could create nearly 8,000 U.S. jobs during the peak of construction.  Nearly half of these jobs are expected to be located in Ohio.  Under today’s agreement, Toshiba and B&W will each invest $100 million in USEC, strengthening the corporation’s financial base as a condition for the loan guarantee.

Congressman Space has represented Ohio’s 18th Congressional District since 2007.  He has been working to restore integrity to the office, and to create the conditions to bring new industry and jobs to Ohio.  Recently, Congressman Space launched FIGHTING TO RENEW OHIO, the second phase of his plan to provide long-term economic growth in Ohio’s 18th Congressional District.

More information on FIGHTING TO RENEW OHIO is available at http://space.house.gov/RENEW.

“JELD-WEN Creating Jobs in Mount Vernon As a Result of Policies Promoting Energy Efficiency”

WASHINGTON, D.C. (from press release) — Continuing his push to highlight innovation and job creation in Ohio’s 18th Congressional District through his FIGHTING TO RENEW OHIO tour, U.S. Rep. Zack Space (OH-18) yesterday highlighted the potential for job creation through energy efficiency at JELD-WEN’s window manufacturing plant in Mount Vernon.

The event was the fourth stop on Space’s FIGHTING TO RENEW OHIO tour.

“Energy efficiency has perhaps the greatest potential for growth right here in Ohio, and we must get in front of this emerging trend,” said Space.  “JELD-WEN is a model for what we can – and must – do here in Ohio if we are to rebuild a stronger economy for the future of our region.  We must continue these policies that are creating jobs, spurring manufacturing, and saving Ohio families money in the process.”

Attendees of the event heard from Congressman Space and Brad Hunter, who serves as General Manager of JELD-WEN’s Mount Vernon Plant.  JELD-WEN has been able to benefit from federal policies – such as tax credits and rebates – that promote energy efficient practices and retrofits.  Such credits and rebates were included in the American Recovery and Reinvestment Act and the HomeStar Energy Retrofit Act, both of which Space supported when they came before the House.