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 6. 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 several buildings, administering leases and managing real estate and 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 projects include The Health Plan, Orrick’s Global Operations Center, Williams Lea / TAG Corporate Information Solutions, Staley Communications, Millennium Centre, CertainTeed, Warren Distribution, Ziegenfelder’s, North American Galvanizing, 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.