Cities get money to stimulate business

Local projects will get $575,000 in funds from Montgomery County.

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By Joanne Huist Smith, Staff Writer Updated 1:19 PM Wednesday, August 25, 2010

DAYTON — The cities of Dayton, Vandalia, Riverside and Miami Twp. will share $575,000 in Opportunity Reserve Funds from the Montgomery County Economic Development/Government Equity Program to encourage business growth and retention.

The Montgomery County Commission, on Tuesday, Aug. 24, approved two grants for Vandalia totaling $175,000; Dayton got $50,000; Riverside $150,000; and Miami Twp., $200,000. Several of the businesses are looking at multiple locations. If a company locates outside of Montgomery County, it doesn’t get the award.

The city of Vandalia got awards of $125,000 for Project Crossroads and $50,000 for Projects Unlimited. Project Crossroads is working with property owners to occupy a vacant building at 707 Crossroads Court. The property owner, Construction Managers of Ohio, proposes spending $775,357 to upgrade electric service and install a new transformer to increase electric power to accommodate equipment used by a potential tenant, auto parts manufacturer Inteva Products.

Projects Unlimited, 6300 Sand Lake Road, wants to establish a cable and harnessing division within the company’s aerospace business. The project includes additions to an existing building at a cost of $1.26 million.
Dayton’s $50,000 award would go to home builder NVR Inc., 2094 Northwest Parkway. The company’s $3.5 million project involves development of a new truss factory in Dayton creating 60 jobs over three years with an annual payroll of $1.74 million.
Riverside will get $150,000 to assist InfoCision Marketing Corporation. The building InfoCision leases at 101 Woodman Drive is under foreclosure and the company wants to purchase and renovate it at a cost of $3 million. InfoCision will retain a minimum of 250 jobs for the next three years with estimated annual payroll of $4 million.
The largest award, $200,000, goes to Miami Twp. for VRI, 9111 Springboro Pike, Miamisburg. VRI’s corporate headquarters, call center and customer support center are in West Carrollton, but the company needs to move to a larger facility.

The company expects to increase its 100 employees to nearly 300 within five years. ED/GE funds will go toward design, building and leasehold improvements.

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