County funds sought for possible 548 new jobs

Tenneco in Kettering received a six-year state job creation tax credit to create 483 full-time positions, which will generate $15.8 million in new annual payroll and retain $22.8 million in existing payroll, as a result of the company’s expansion plans announced in August. In this file photo, Allison Jones, a Tenneco worker, assembles struts. CHRIS STEWART /STAFF

Tenneco in Kettering received a six-year state job creation tax credit to create 483 full-time positions, which will generate $15.8 million in new annual payroll and retain $22.8 million in existing payroll, as a result of the company’s expansion plans announced in August. In this file photo, Allison Jones, a Tenneco worker, assembles struts. CHRIS STEWART /STAFF

Four communities applying on behalf of six companies are seeking nearly $1.7 million in Montgomery County development funds to create what the businesses say could be a total of nearly 550 new local jobs.

By far the biggest request (in terms of job potential) came from the city of Kettering, which is asking county government for $500,000 on behalf of Woodman Drive auto parts producer Tenneco Automotive Operating Co. Inc.

That request, according to the county, would retain 478 jobs and create 483 new jobs, effectively doubling the company’s local presence.

The possible Tenneco project is well known by now. In August, the company received a 1.724 percent, nine-year job creation tax credit from the Ohio Tax credit Authority for its plans, on which the company so far has not commented.

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The second largest request, in terms of possible new jobs, comes from Union, on behalf of Te-Co. That request, for nearly $789,000, would retain 55 existing jobs and create 38 new ones, according to the application for development funds.

Elsewhere, Trotwood is asking for $250,000 for Storage of America to create 10 jobs.

West Carrollton is asking for $100,000 for Johnson Machining Services, with seven new jobs and seven current jobs at stake.

Besides Tenneco, Kettering is asking for funds for two other companies in that city.

NanoSperse seeks $55,000 in a project it says would create six new jobs, protecting eight existing jobs.

And Prime Controls seeks $35,000 to create four new jobs, retaining 11 new jobs.

In all, 559 existing jobs would be retained through funding, the applications say.

A committee examines requests for development funds — called “ED/GE” (Economic Development/Government Equity”) grants — before making recommendations to the three-member County Commission, which gets the final say on which projects are funded.

The county has $996,465.99 in ED/GE funds available, so not all requests will be fully funded.

That committee will meet Nov. 16 and Dec. 9.

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