West Virginia’s Governor Bob Wise presented the Polymer Alliance Zone’s Technology park with a check for $4.3 million. The money came from the state’s Economic Development Grant Commission.
The development corporation will use the money, along with $100,000 from the zone itself, to pay for its purchase of a former distribution center. The PAZ will have a 25-year lease and functional control of the building.
The facility will serve as an end-of-life electronics recycling center, providing alternatives for dumping old computers in landfills. It also will serve as a recycling research center and to encourage development or expansion of businesses using the recycled products.
Wood County Commission President Rick Modesitt said the center provides an opportunity for the county to get in on the ground floor of what will be a growing industry.
"(It) will be something that will probably attract business from other states," he said.
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