Home > News > Spring ED/GE Funding Recommendations Announced
On Thursday, May 26, 2011, the Montgomery County, Ohio Economic Development/Government Equity (ED/GE) Advisory Committee recommended funding six projects, totaling $954,250 from the County’s 2011 Primary Economic Development Fund of ED/GE. The funding recommendations will be considered by the Board of County Commissioners at its June 7, 2011 meeting. The projects recommended for funding are:
City of Dayton – TechMetals - $200,000 TechMetals will expand its current campus by adding a 10,143 square foot facility with a 1,258 square foot storage connection facility at 345 Springfield Street, increasing their operations in the medical coating industry. This $2,214,000 project will support the retention of 122 existing jobs and the creation of approximately 22 new jobs within three years. ED/GE funds will offset the cost of construction.
City of Vandalia – Project Triplet - $200,000 Project Triplet will retain a high performance injection molding manufacturer in a new building in the Northwoods Boulevard area. Over a multi-phase undertaking, the project will include land acquisition, new construction, new equipment and relocation costs for the company to consolidate two existing locations. An additional 60 jobs will be created over the next four years and 265 jobs retained. ED/GE dollars will be applied toward the acquisition costs for the land.
City of Brookville – Provimi North America Expansion - $250,000 Provimi North America will construct an 11,200 square foot addition to its corporate headquarters in the NorthBrook Industrial Park in order to relocate their nutritionists and technical and commercial professionals from Preble County. The project will provide an ingress and egress for the expansion which will bring 42 new employees to Brookville. ED/GE funding will be partnered with City of Brookville monies to construct the new roadway and infrastructure for the project.
City of Dayton – American Heat Treating - $50,000 The company will purchase its facility on Morris Avenue and ED/GE dollars will be used to offset the cost of capital improvements at the site. The company will retain 20 existing jobs and create three additional jobs over the next three years.
City of West Carrollton – Dayton Progress - $54,250 Dayton Progress needs to reallocate space within its existing manufacturing space to allow for the relocation of a coolant recycle system and provide raw material storage space. This reallocation will provide work space for the hiring of an additional 50 full-time employees within the next twelve months. The project consists of the construction of a 3,600 sq. ft. building that will house the coolant recycle system. ED/GE funds are the financial bridge that makes the relocation of jobs from North Carolina and Michigan to West Carrollton cost competitive.
City of Dayton/Miami Township/Washington Township – Crown Partners – 7% of total project, up to $200,000, at chosen location The project consists of the purchase and renovation of a yet-to-be-identified building in either Dayton, Miami Township or Washington Township to serve as the corporate headquarters for Crown Partners. Crown Partners continues to experience tremendous growth and will need to add 105 new employees to their 44 current employees in the next three years. The purchase and renovation of the facility will ensure that the company remains in Montgomery County. ED/GE funds will be used as a portion of the down payment, allowing Crown Partners to secure the financing on the facility and to fund needed improvements to the building.