County helping Beavercreek defense contractor move jobs to Miamisburg

0

County helping Beavercreek defense contractor move jobs to Miamisburg

View CaptionHide Caption
Cornerstone Research Group President and Chief Executive Officer Patrick Hood’s company plans to move from Beavercreek Twp. to Miamisburg, where it plans to expand. STAFF PHOTO

A deal for a Beavercreek defense contractor to move to Miamisburg as part of an expansion that includes nearly 70 jobs in that city is expected to be approved this week.

Miamisburg City Council on Tuesday night is set to address an agreement to give Cornerstone Research Group $225,000 in funds to move to Earl Boulevard, a project that will involve a $5.5 million investment for the company, records show.

Cornerstone will get the Montgomery County ED/GE fund grant to bring at least 68 jobs and an annual payroll of at least $5.3 million to Miamisburg, according to that city’s records.

Cornerstone would move from 2750 Indian Ripple Road in Beavercreek Twp. to 510 Earl Blvd. after United Grinding North America vacates its long-time home.

Cornerstone, a research and development specialist, plans to build new labs and create additional parking on the 5-acre site as it grows its manufacturing, according to Miamisburg officials.

UG is building a larger facility – its new continental headquarters - in the Austin Center area near the Interstate 75 interchange as part of an $18 million deal. That includes a $4.7 million access road funded by the city.

View Comments 0

Weather and Traffic