SPRING 2014 ED/GE FUNDING RECOMMENDATIONS ANNOUNCED
On Wednesday, May 7, 2014, the Montgomery County, Ohio Economic Development/Government Equity (ED/GE) Advisory Committee recommended funding eight projects, totaling $1,105,000 from the County’s 2014 Primary Economic Development Fund of ED/GE. The funding recommendations will be considered by the Board of County Commissioners at its May 13, 2014 meeting. The projects recommended for funding are:
City of Dayton – PSA Airlines - $500,000
This project will include construction of a 6,500 square foot facility, Operations Control Center and site preparation for a new 69,000 square foot hangar at the Dayton International Airport. PSA will help retain the company in Dayton and grow the employment base in the city. Four hundred forty-six jobs will be retained and 42 new jobs created over the next three years.
City of Dayton – Dayton Molded Urethanes - $150,000
Dayton Molded Urethanes will add a 25,000 square foot facility, make leasehold improvements and purchase new equipment. These improvements will allow the company to retain 90 jobs and create an additional 80 new jobs in two years.
Miamisburg – Gayston Corporation - $150,000
Gayston plans to move from Springboro and renovate the property located at 721 Richard Street and relocate its entire operation to the site. The complex is comprised of three buildings totaling 177,000 square feet and is located in one of Miamisburg’s oldest industrial areas. Total project investment is estimated to be $1,900,000 and will result in 95 new jobs and $4M in new annual payroll.
Kettering – Lunarline, Inc. - $50,000
Lunarline intends to create an advanced cyber security operations center and a cyber security training center of excellence in an existing building at the Miami Valley Research Park. The project will bring 30 new jobs to Kettering with a payroll of $2.25M.
Germantown – Rohrer & Christian Building Restoration - $80,000
Point Source, Inc. will purchase the Rohrer & Christian building and renovate the upper level into a high tech facility that also preserves the beauty of the original structure. The project involves building, storm sewer modification and a complete refurbishing of the exterior brickwork. Eleven jobs will be retained and 12 new jobs created with a payroll amount of $400,000.
Vandalia – Manufactured Assemblies Corporation - $50,000
The company will purchase an additional 3.4 acre tract of land in Stonequarry Crossings, add an additional 14,000 square feet to its existing building, add parking, and complete site preparation for future expansion. Ninety jobs will be retained and 35 new jobs created with a payroll of $750,000.
West Carrollton – Prime Time - $100,000
The project entails building modifications and new construction at 5225 Springboro Pike. The existing facilities will be remodeled to build in office space, laundry facilities, an employee lunchroom and employee restrooms. In addition, Prime Time plans to build an 11,520 square foot building which will accommodate docking systems. The company will retain 67 jobs and create an additional 33 jobs with a $750,000 payroll.
Vandalia – Integrated Procurement Technologies - $25,000
The company is embarking on a four-phase building project to include the construction of a parts distribution warehouse located adjacent to its existing Vandalia Division headquarters at 1025 S. Brown School Road. The project will encompass the ground-up construction of a 5,000 square foot facility that would house all requirement functionality for shipment of US Government military and commercial contracts. ED/GE funds will be utilized for purchase of the vacant lot at 1019 S. Brown School Road) and the design of the warehouse facility.
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). The members of the Committee are as follows:
Gary Auman, Dayton Area Chamber of Commerce
Bryan RH Chodkowski, City of Riverside
Jon Crusey, City of Vandalia
Judy Dodge, Montgomery County Commission
Mary Johnson, Jefferson Township
Robin Lehman, Clay Township
Debbie Lieberman, Montgomery County Commission
Dean Lovelace, City of Dayton
Michael Lucking, City of Trotwood
George Markus, Village of New Lebanon
Steve Reeves, Dayton Area Chamber of Commerce
Mark Schwieterman, City of Kettering
Frank Winslow, Dayton Area Chamber of Commerce
Dave Woods, Harrison Township
Joyce Young, Washington Township
Joseph P. Tuss, County Administrator
Montgomery County, Ohio