SPRING 2013 ED/GE FUNDING RECOMMENDATIONS ANNOUNCED
On Friday, May 17, 2013, the Montgomery County, Ohio Economic Development/Government Equity (ED/GE) Advisory Committee recommended funding seven projects, totaling $1,790,000 from the County’s 2013 Primary Economic Development Fund of ED/GE. The funding recommendations will be considered by the Board of County Commissioners at its May 21, 2013 meeting. The projects recommended for funding are:
City of Dayton – Montgomery County ESP 2.0 Program - $500,000
The Entrepreneurial Signature Program (ESP) has awarded over $3.7M in development services to early stage technology companies within the Dayton Region over the last four years. ESP 2.0 is a new two-year program that provides the following services to early-stage companies: 1) access to a network of business concept vetting and technology evaluation collaborators; 2) industry specific expertise from “entrepreneurs-in-residence”; and, 3) development services grants to address unique commercialization hurdles. With the County’s contribution, ESP 2.0 is projected to create 103 jobs annually and to support 17 companies. ED/GE dollars will be leveraged with at least $1:$4 of other cash match and in-kind contributions.
City of Dayton – Project PECo - $500,000
This project will transform a 425,000 sq. ft. building on McCall Street into:
a) usable manufacturing space; b) usable office space, free of hazards; and
c) create a work environment that allows PECo to continue to be productive, safe and secure. Major tasks include: complete electrical/power installation; repaving/repair of private road; replacement of HVAC systems; renovation of the office area; mold and lead remediation; building security and construction of isolation pads for machine tools. ED/GE funds will be used to assist with the building renovation. It is anticipated that 271 jobs will be created and 160 retained once the project is completed.
City of Brookville – Flow Dry Technology - $140,000
Flow Dry Technology will construct an ISO Level 8 clean room inside the current building with separate HEPA filters, HVAC and limited entry and access points. The company is currently constructing new production equipment capacity. When combined with the new clean room, it will allow the company to expand into the pharmaceutical market and add 18 new employees to its payroll by 2016. ED/GE dollars will be used to construct the clean room and expand the parking lot to accommodate the new employees.
City of Union – Union Global Logistics Airpark - $500,000
The ED/GE grant will support a project to provide immediate transportation access and utilities to Union-owned property, making the site “shovel ready” for competitive logistics and distribution facilities. The project would include: 1) the improvement to at least a 3-lane cross section of Dog Leg Road from U.S. 40 to Jackson Road; 2) the improvement of Jackson Road to at least a 3-lane cross section from Dog Leg Road to the Union corporate line; 3) the construction of at least a new 3-lane roadway from Jackson Road to Old Springfield Road,; and 4) the extension of water, sanitary sewer, and all private utility service along the new roadway right-of-way. The improvements will open up this very marketable area for development due to its location in the I-70/75 corridors.
City of Englewood – Garber Electric - $50,000
This project includes the retention of Garber within the City of Englewood and physical improvements to the property, specifically the addition of office space and expansion of the existing parking area. The company currently has 63 full time employees and 7 part-time employees. With the expansion, Garber will increase employment by a minimum of 5 employees over the next two years.
City of Huber Heights – KE Rose Expansion - $50,000
KE Rose will be adding 4,800 sq. ft. of new production area, expanding the sewer line and adding a parking area and paved driveway. The expansion will allow them to add 3 new full time jobs to the payroll, for a total of 22 full time employees. ED/GE funds will assist with the sewer expansion and building construction.
Butler Township – Vandalia Rental - $50,000
A new 14,000 sq. ft. facility will serve as a central maintenance and parts component of Vandalia Rental’s current Operations and Retail divisions. The new building will also provide an opportunity to conduct customer and team member equipment training and support the potential for new stores within a 30-120 minute radius. The project will retain 7 jobs and create an additional 5. The ED/GE grant will help offset the cost of the land for the company.
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. After nineteen successful years, ED/GE was renewed for another nine years, beginning in 2011.
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).