AAA Club Alliance Inc. and E.S. Galion Co. LPA both want “to relocate their existing facilities,” Moraine documents show. AAA, whose building was built in 1959, and Gallon – which has been in the Grant Deneau Tower on West Fourth Street for decades - both are looking to sign long-term leases in Moraine, said city Economic Development Director Michael Davis.
AAA is interested in 30,000 square feet in a site accessible from both Kettering Boulevard and Springboro Pike. Gallon is looking at 6,000 square at 2621 Dryden Road in a building visible from Interstate 75, Davis said.
The moves would bring the suburb about 45 more jobs and $3 million in payroll, translating into about $75,000 in additional income tax revenue, he said.
They would also expand Moraine’s employment culture beyond manufacturers like Fuyao Glass America Inc., Davis said.
“One of our exciting aspects to this is its continuing to help us diversify our economy a little bit,” he said. “We all know that Moraine has really had some positive momentum going for some time now (with Fuyao).
“But we’re also trying to diversify our economy. So when you can get a company that has some admin(istration and logistics to it and get another company that is tied to office, it’s only really helping spread ourselves out a little bit and making us a better buffer if we were to ever deal with any kind of economic challenge in the future.”
The proposed moves involving AAA and Gallon were the focus of forgivable loan agreements approved by Moraine City Council Thursday night.
AAA, which would move about 30 workers, would bring an annual payroll of $1.8 million for a $20,000 loan while Gallon’s payroll would be $1.2 million a year, Moraine records show. Both loan deals are for five years, a year less than the Gallon lease would be and five years shorter than AAA’s rental agreement, Davis said.