POMEROY — Nearly two years after moving from Pomeroy to a new dealership at Rocksprings, Mark Porter will be returning to his former location, but this time with a new dealership.
Porter, who owns and operates a Chevrolet, Buick, GMC dealership just outside of Pomeroy, also has a Ford dealership in Jackson and a pre-owned vehicle dealership in Athens.
Now, Porter will be bringing a Dodge, Chrysler, Jeep and Ram dealership to his former Chevrolet dealership location on East Main Street in Pomeroy.
The project will bring 20 new jobs to the area, as well as making a more than $3 million investment.
“We are happy to bring the Dodge, Chrysler, Jeep and Ram brand to Meigs County and continue the economic growth the community has been experiencing,” said Porter in a news release. “”We know this location along the beautiful Ohio River will be great for our customers and we’re looking forward to opening in June.”
“It’s awesome that Mark chose Meigs County to make this large investment,” said Meigs County Commissioner President Mike Bartrum. “Tim, Randy, and I, as county commissioners, were thrilled to be able to play a part in bringing new jobs to Meigs County.”
Local financing for the project is being provided by Farmers Bank and gap financing by the Community Improvement Corporation’s local revolving loan fund for business.
“Creating jobs and helping our county is what community banking is all about,” said Farmers Bank President Paul Reed in the news release. “When we were approached by Mark about this opportunity we were happy to help.”
“We’re glad to help with this project and very happy about the new jobs it will create in Meigs County,” said Community Improvement Corporation vice-president Brandon Buckley.
The Meigs County Commissioners approved a five-year lease agreement with Porter during Thursday’s meeting, making it the first official announcement of the new dealership.
The county purchased the property from Porter in October 2014 for $775,000, and while it has been utilized for trainings and other purposes, the building has mostly remained vacant.
The five-year lease runs through Feb. 28, 2022, with the total lease payment of $331,200 divided up over the term of the lease.
The lease agreement states that the parties will work toward a lease/purchase agreement. The lease agreement has the option for two, three-year renewals.
This will not be the first time Porter has leased the property from the county, according to the commissioners. Commissioners Tim Ihle and Mike Bartrum stated that Porter had leased the property for $10,000 per month from the time the county purchased the property until the dealership moved to its new location.
This will be the fourth dealership for Porter.
Work on the building is expected to start next week, with the dealership scheduled to open in June.
Reach Sarah Hawley at 740-992-2155 ext. 2555 or on Twitter @SarahHawleyNews