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Dayton commissioners on Wednesday will vote on whether to approve an enterprise zone agreement with the company that would give it a 75-percent property tax abatement for 10 years.
The company is owned by the family that owns Norwood Medical (formerly Norwood Tool Co.), a manufacturer of components, implants and instruments for orthopaedic care.
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Norwood Medical in the last decade has spent millions of dollars improving its facilities and building new ones, adding hundreds of workers to its payroll.
KBK Nine plans to spent $1.2 million to $2 million on a new manufacturing facility and $3 million to $20 million on new machinery and equipment, according to city documents. The company also plans to purchase $300,000 to $1 million worth of inventory.
The project is expected to start after March 1 and wrap up before Dec. 31, 2018. KBK plans to have an annual payroll of $1.36 million.
As part of the enterprise agreement, the company would have to retain 40 jobs through the end of the tax-abatement period.
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