Fall 2012 ED/GE Funding Recommendations Announced

On Friday, December 14, 2012, the Montgomery County, Ohio Economic Development/Government Equity (ED/GE) Advisory Committee recommended funding ten projects, totaling $1,835,000 from the County’s 2012 Primary Economic Development Fund of ED/GE. The funding recommendations will be considered by the Board of County Commissioners at its December 18 meeting. The projects recommended for funding are:

HARRISON TOWNSHIP – FC INDUSTRIES - $300,000

FC Industries will be replacing 36 HVAC units, installing a new roof, upgrading the interior floors of the building, expanding the parking lot, upgrading the loading docks, installing energy efficient lighting throughout the building and purchasing a virtual turning center. These improvements will cost approximately $3.9M and ED/GE funding will help offset the cost of the HVAC units. Over the next three years, the company pledges to create an additional 40 jobs, bringing their total employment number to 290.

CITY OF DAYTON/HARRISON TOWNSHIP – IDX CORPORATION - $150,000

IDX Corporation will renovate and improve 200,000 square feet of vacant space and also expand its current structure from 200,000 to 450,000 square feet over the next five years. The project will bring 130 jobs and create approximately 120 jobs within three years. ED/GE funds will be utilized for building renovation.

CITY OF VANDALIA – PROJECT VIPER - $300,000

Encon is restructuring its primary inventory storage facility, which will enhance approximately 30,000 square feet. The restructuring will enhance the company’s ability to provide a more efficient and streamlined process for creating preforms to its clients. The project will create 63 new jobs. ED/GE funds will be utilized for construction and renovation costs.

CITY OF VANDALIA – ALL SERVICE PLASTIC MOLDING - $200,000

ASPM will add an additional 60,000 square feet to the east side of the existing facility. The addition would operate as manufacturing space and inventory storage. ED/GE funds will help offset the cost of construction and 50 additional jobs have been pledged.

CITY OF VANDALIA – SPEARS TRANSFER & EXPEDITING - $50,000

Spears will construct a new facility on a 7 acre lot in the Stonequarry Crossings Industrial Park. This facility will consolidate its office/administrative, maintenance/service and transportation hub services in one 50,000 square foot building. Eight new jobs will be created by the project. ED/GE funds will offset the cost of land acquisition.

CITY OF ENGLEWOOD – VALUE ADDED PACKAGING - $50,000

Value Added Packaging (VAP) will add an additional 45,000 square feet to its current manufacturing building in the Englewood Otterbein Industrial Park. The expansion will allow for the addition of a new Styrofoam packaging process to complement its current cardboard operations. VAP will maintain its current workforce of 24 full-time employees and create an additional 13 new full-time jobs within the next 36 months. ED/GE funds will be used for site improvements.

CITY OF DAYTON – MALT PRODUCTS - $400,000

Malt Products will build a state-of-the-art malt extract plant in Dayton to replace their plant located in New Jersey. This plant will double its domestic capacity, decreasing its independence on imports. The project will allow the company to meet the growing demand for artificial sweeteners and position them closer to one of their major customers. ED/GE funds will be used toward building construction. Thirty-five jobs will be retained and 30 jobs created in the next two years.

CITY OF MORAINE – HEIDELBERG CONSOLIDATION - $235,000

Heidelberg Distributing is consolidating its operations and moving its corporate headquarters to the former Cooper Tire facility. The project is expected to include significant renovations and ED/GE funds will help offset the cost of those renovations. Twenty new jobs will be created, bring the total employment to just under 300.

MIAMI TOWNSHIP – WASHINGTON CHURCH MANUFACTURING FACILITY - $100,000

This project will entail renovation of a highly specialized production section of a manufacturing facility, infrastructure and equipment. This section of the building represents approximately 60% of the usable square footage and has been dormant for more than 10 years. ED/GE funds will be used to fund the replacement of a freight elevator cylinder, driveway and parking lots, roof leaks and repair of a non-functioning truck dock.

WASHINGTON TOWNSHIP – CROWN PARTNERS - $50,000

This project is a complete demolition, restructure and remodel of the existing premises at 7725 Paragon Road. The office space will be upgraded and redesigned to create a modern, technology-development-friendly space for Crown employees. Thirty-three new jobs will be added for a total of 40 employees. ED/GE funds will be used for exterior improvements.

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.

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