East Liverpool CIC takes step to bring electric car plant to Valley

EAST LIVERPOOL

East Liverpool’s Community Improvement Corp. Board of Trustees has signed a letter of intent that is a major first step toward allowing a Baltimore-based electric-car-design business to produce small battery-operated cars in the area.

During its meeting Tuesday at city hall on East Sixth Street, the board agreed to transfer roughly 80 acres just outside the city to Velfera Auto Design Inc.

The move likely will set the stage for a $60 million, 260,000-square-foot assembly plant and will create about 180 jobs initially, and perhaps as many as 300 when the business grows, noted Antonio Pierce, Velfera’s president.

Read more about the project and the company in Wednesday's Vindicator or on Vindy.com.