Release Date: Feb 3, 2009
File:

Summary:
In December, 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 $30,000 grant for Hofacker Precision Machining in Clay Township.

At its February 3, 2009, General Session meeting, the Montgomery County Board of Commissioners approved that ED/GE grant.

With this ED/GE grant, Hofacker Precision Machining (7560 Jacks Lane Clayton, OH) is constructing a new building to house additional machinery and equipment to enhance productivity.  The ED/GE grant will help fund paving and exterior improvements for the new building.  The company plans to hire 8 additional employees within a 2-3 year time period.

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.