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Dayton to gain 27 jobs in nanotechnology by mid-2011

By Steve Bennish, Staff Writer Updated 8:19 PM Wednesday, July 1, 2009

The city received good economic news tonight, July 1, with the announcement that Angstron Materials, a developer and manufacturer in the cutting-edge field of nanotechnology, will produce a new type of advanced material at its north Dayton facility and hire new workers.

The company, at 1240 McCook Ave., will add 27 full-time jobs to its existing staff of four by mid-2011.

The jobs will pay an average annual salary of $47,000, according to the announcement.

Angstron will invest $400,000 in machinery and equipment to expand its manufacturing. The city will support the expansion with a $100,000 grant from its development fund.

Angstron has developed a new class of nanomaterial referred to as “nano graphene platelets,” an alternative to carbon nanotubes, the city’s announcement said.

The material offers potential for greater performance in the fields of renewable energy, aerospace, automotive, marine, electronics, construction, medical and telecommunications.

Angstron’s nano-graphene material is protected by 18 U.S. patents and several international patents, issued and pending.

“The resources and environment needed to grow an advanced-technology manufacturing firm like Angstron Materials are here in Dayton,” Dr. Bor Jang, CEO and co-founder of Angstron, said in a prepared statement.

“Dayton is one of the world’s leading centers for composite research, development and production, so it is very appropriate that we are choosing to grow here. We are grateful for the support we have received from the city of Dayton that allowed us to expand our operations here.”

Mayor Rhine McLin said the company will help complement other advanced technology firms.

“We are pleased that Angstron is reinvesting in the city of Dayton,” she said in the news release. “The company’s cutting-edge technology products fit well with other high-tech development efforts occurring in our community. I want to congratulate our economic development staff for their efforts in working closely with Dr. Jang to make his expansion possible.”

Contact this reporter at (937) 225-7407 or sbennish@DaytonDailyNews.com.

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Sorry unemployed GM workers...these jobs are not for line dogs. Got to have a little bit of brain power.

Rob
12:30 PM, 7/2/2009

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WOOHOO! Let the parties begin! 27 jobs! And all by 2011. I never thought that I would see the day! Mayor McYoda is a genius! Congratulations Dayton!

Mark
12:01 PM, 7/2/2009

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With all of the negative press recently I think 27 jobs is worth celebrating. What I don't understand is why most of you can only find negative things to say. Dayton faces some pretty big, and at times overwhelming, challenges.

The fact is...small business is the key to future growth. The large NCR employers are few and far between. We have to grow small business!

I say....celebrate every victory, no matter how large or small! The jobs will add $29K/yr. to the tax base. Go Dayton!

the Optimist
11:25 AM, 7/2/2009

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I'm guessing there were more than 27 jobs lost when they shut down McCooke's Theater and Adult Bookstore. Wasn't that pretty near McCooke Avenue?

GladImGone
11:23 AM, 7/2/2009

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I'm back.. Reality.

I hope this is not a sign of the job market going green.

20% local gov't funded expansion gaining 27 jobs in two years. We lose 1500 private company jobs for a smaller number of green jobs.

$100,000 create 27 jobs so to make up for the NCR lose local gov't will have to pitch in $5,555,555.55

We are well on our way to being a mean green city. Please send your contribution to Mayor McHat/McGoofyGlasses.

Sorry, I am out of money.

Reality.

Reality
9:03 AM, 7/2/2009

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