“Ginko Systems moving to West Carrollton is a great opportunity for the city,” said Tom Ross, West Carrollton economic development director. “It adds over $20,000 in tax base a year, 25 to 30 new jobs to the city and occupies one of our vacant buildings. So it’s really a big net gain for the city.”
Ginko, an interactive computer services firm, will occupy a 19,872 square foot site that has been vacant for nearly a year since Hammelmann Corp. moved about 30 workers to Miamisburg, Ross said. Ginko will bring 26 jobs “immediately” with plans to grow to 30 employees in the near future, he said.
“And hopefully grow from there,” Ross said. “That is the expectation.”
An $8,400 economic development forgiveness loan for the move was approved by West Carrollton City Council Tuesday night.
Ginko works in kiosk design, development and manufacturing. It specializes in interactive information and kiosks, web-enabled products, leading edge networked devices and related e-commerce programs, according to its website.
It “manufactures, integrates and supports financial services and related networks of kiosks and systems in public and corporate environments,” according to that site.
The city’s loan would be repaid by Oct. 31, 2019, according to the agreement. Ginko would likely make the payments through the income taxes it generates, Ross said.
The economic development forgiveness loan to Ginko is one of two for businesses that West Carrollton council approved Tuesday night. The other was a $5,000 loan for Johnson Machinery Services LLC at 4505 Infirmary Road.
That loan will help Johnson add two jobs and retain nine others, city records show. The two new jobs will add about $100,000 in payroll, which stands at about $500,000, Ross said.
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