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REDP: Regional Economic Development Partnership





Regional Economic
Development Partnership
 
1100 Main Street, 3rd Floor
P.O. Box 1029
Wheeling, WV 26003
 
Phone: 304.232.7722
Fax: 304.232.7727
Email: info@redp.org

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RED is a division of Ohio Valley Industrial and Business Development Corporation (OVIBDC). Copyright © 2017 Regional Economic Development Partnership

RED Business Benefits Brochure
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History of RED

Regional Economic Development Partnership (RED) is the renamed Ohio Valley Industrial and Business Development Corporation (OVIBDC).

Our roots in the community go back to 1926, when we began as the Ohio Valley Industrial Corporation; we were incorporated as OVIBDC in 1961, and have been staffed since 1978, with a current staff of 8. Initially, OVIBDC concentrated its efforts in Ohio County; our service area was expanded by signing management contracts with the Marshall County Commissioners in 1989 and the Greater New Martinsville Development Corporation in 1992.

We are a project-oriented, job-creating, private non-profit local development corporation serving the counties of Ohio, Marshall and Wetzel in West Virginia, marketing the communities and commercial and industrial properties. RED currently owns 16 buildings, administering leases, and manages almost 900,000 square feet of real estate, in addition to approximately 117 acres of land.

RED has established working partnerships with local utility/development entities; city, county and state groups and elected officials; the West Virginia Development Office; the West Virginia Economic Development Authority, and federal agencies, especially the Economic Development Administration and the Small Business Administration.

During our early years, our organization developed a variety of financing programs to support local business seeking expansion capital. Other programs followed, including the SBA 504 Loan Program and the SBA/State Funded Microloan Programs.

Some of our recent projects include Orrick’s Global Operations Center, Williams Lea Corporate Information Solutions, Staley Communications, Millennium Centre, CertainTeed, Warren Distribution, Ziegenfelder’s, North American Galvanizing, Teletech, National Belt Service, and Williams Group.

RED has been instrumental in the completion of hundreds of projects over the years, and continues to focus on future projects involving financing, property redevelopment, grant administration, business retention and workforce development.

Our mission is to create jobs and stimulate the local economy in the counties of Ohio, Marshall, and Wetzel, West Virginia. In order to successfully achieve its objectives, RED promotes a comprehensive economic development approach which includes retaining and expanding existing business and industry, attracting new business and industry, and stimulating entrepreneurial activity, while developing strong financing and real estate development programs.