Release Date: Jan 28, 2009
File:

Summary:
Last month, the Montgomery County Economic Development/Government Equity (ED/GE) Advisory Committee recommended funding ten projects, totaling $1,258,161.  One of those projects was a proposed $100,000 ED/GE grant for WCII on behalf of ITI Manufacturing in the City of Brookville.

At its January 27, 2009, General Session meeting, the Montgomery County Board of Commissioners approved that ED/GE grant.

With this ED/GE grant, ISE Mold, Inc. (ITI) plans to locate an engineering and sales office, combined with a manufacturing and mold making facility, at the West County Industrial-owned building in Brookville.  The building needs to be equipped with an overhead bridge crane system and 3-phase electrical service.  Building modification and electrical infrastructure will also be part of the project.  It is anticipated that 20 jobs will be created and 5 jobs retained once the project is completed.

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 nine successful years, ED/GE was renewed for another ten years, beginning in 2001.  28 jurisdictions, representing 100% of Montgomery County's population, are members.

To learn more about the ED/GE program, contact the Montgomery County Department of Economic Development at 937-225-6140.