On Wednesday May 11, 2016, the Montgomery County, Ohio Economic Development/Government Equity (ED/GE) Advisory Committee recommended funding 9 projects, totaling $1,115,000 from the County’s 2016 Primary Economic Development Fund of ED/GE. The funding recommendations will be considered by the Board of County Commissioners at its May 17, 2016 meeting. The projects recommended for funding are:
City of Brookville – Green Tokai - $50,000
This project will allow Green Tokai, an injection molding manufacturer that serves the automobile industry, to expand manufacturing lines by converting and upgrading a portion of their facility at 20 Robert Wright Drive, in the City of Brookville. The company projects the improvement will result in creation of 57 new jobs. Funds will be used to make physical improvements to the facility, including floor reinforcement and electric and plumbing system upgrades.
City of Dayton – Project Gloss - $350,000
This project will construct a 570,000 SF building at the Dayton International Airport that will house distribution and assembly operations. Project Gloss, a new company to Montgomery County, projects the project will create 345 new jobs. Funds will be used to make infrastructure improvements and assist with construction of the facility.
City of Huber Heights – Project Third Brass - $75,000
This project will allow Project Third Brass to increase manufacturing and testing operations by expanding and upgrading their facility in Huber Heights. The company projects the improvements will result in creation of 42 new jobs, retention of 78 existing jobs, and consolidation of operations from the company’s California location. Funds will be used to assist with renovation of the company’s existing Huber Heights facility.
City of Huber Heights – Project Round - $50,000
This project will allow Project Round, a plastic injection molding company, to expand manufacturing by purchasing and renovating their facility in Huber Heights, which serves as the company’s North American Headquarters. The company projects the improvements will result in creation of six (6) new jobs and the retention of 32 existing jobs. Funds will be used to assist with physical improvements to the company’s existing facility, including resurfacing the parking lot, roof repair, and office renovation.
City of Miamisburg – United Grinding - $250,000
This project will allow United Grinding, a global leader and supplier of industrial grinding machines, to construct a 100,000 SF building that will allow the company to consolidate its North American operations. The company projects the improvements will result in creation of 30 new jobs and the retention of 100 existing jobs. Funds will be used to assist with construction of the company’s new facility in Miamisburg.
Miami Township – Project McGraw - $200,000
This project will allow Project McGraw, a military contractor, to renovate a 52,668 SF facility located at 3475 Newmark Drive in Miami Township. The company projects the improvements will result in the creation of 115 new jobs in Montgomery County, with the potential for additional expansion and job creation within 3-5 years. Funds will be used to assist with interior renovations and IT upgrades.
City of Moraine/City of Vandalia – Lastar/C2G/Legrand - $50,000
This project will allow Lastar/C2G/Legrand, a manufacturer of high-performance cabling, to renovate the company’s existing 60,000 SF facility in the City of Moraine. The renovation will result in the retention of 140 jobs in the City of Moraine. In the event the company is unable to move forward with renovations to its existing building in Moraine, the City of Vandalia also submitted a relocation application on behalf of Lastar/C2G/Legrand to assist with renovation of a new 30,000 SF facility. The Vandalia project will result in the relocation of approximately 125 jobs. For both projects, funds will be used to assist with interior renovations.
City of Moraine – Production Control Units (PCU) - $40,000
This project will allow Production Control Units (PCU), a leader in precision refrigeration, metering, and recovery systems for the automobile industry, to construct a 14,000 SF expansion to their facility at 2280 West Dorothy Lane in the City of Moraine. The company projects the expansion will result in the creation of 20 new jobs and the retention of 54 existing jobs. Funds will be used to assist with construction of the new expansion.
City of Riverside – Radiance Technologies - $50,000
This project will allow Radiance Technologies, a military contractor, to expand into a 17,700 SF space in the Wright Point Offices in the City of Riverside. The company projects the expansion will result in the creation of 50 new jobs and the retention of 100 existing jobs. Funds will be used to cover construction/renovation costs and a portion of IT costs associated with the strict requirements necessary for its government contracts at WPAFB.
THE ED/GE PROGRAM
The ED/GE Program was established by the Montgomery County Commissioners in 1992 to attract jobs and retain the County’s tax base, reduce inter-local competition for development, enable the County to successfully compete as a region in national and international markets, and to share the benefits of county-wide economic prosperity among all jurisdictions in the County.
ED/GE consists of two components: economic development (ED) and government equity (GE). The ED component is funded by the Montgomery County Commissioners with countywide sales tax proceeds. Projects funded from the Primary ED Fund are to be used primarily to establish or expand commercial, industrial and research facilities and create and preserve job and employment opportunities.
The overall purpose of the GE component is to share some of the economic benefits (i.e. increased revenue) resulting from new economic development among Montgomery County’s participating jurisdictions.
THE ED/GE ADVISORY COMMITTEE
The ED/GE Advisory Committee consists of 15 members (6 representing cities and villages; 4 representing townships; 3 representing private sector; and 2 Montgomery County Commissioners).