Friday was the deadline for cities and municipalities to apply for the development funds — called ED/GE (Economic Development/Government Equity) grants — as incentives for business expansions or moves.
Combined, all the applications seek nearly $2.6 million for a projected 1,378 new area jobs.
Eyeing its own new mixed-use development, the city of Dayton asks for $500,000 in county funds to spur Oregon East into a more than $120 million site offering new hotel, office and entertainment uses.
In an application, Dayton calls a new parking garage and other amenities "critical" to creating the diversity of uses envisioned. The new garage would be owned by the Dayton-Montgomery County Port Authority, according to the application the city submitted.
The funds would pay for upgrading utilities to Oregon East in the vicinity of 210 Wayne Ave., and the city estimates that 135 new jobs would be created.
Defense contractor Cornerstone Research Group, pursuing a $10 million expansion that will create 250 high-paying jobs in Miami Twp., is behind an application for $200,000 in development funds.
The Cornerstone expansion would make room for more than 80 engineers in the township, the company said.
MORE: No plans to move Speedway HQ after company goes public
Earlier this week, the Ohio Tax Credit Authority approved a 2.101 percent, nine-year “job creation tax credit” toward that expansion.
Cornerstone Research Group moved to Miamisburg from Beavercreek two years ago. The company sought ED/GE money for that move, too.
Its new jobs in Miami Twp. would reach $15 million in new annual payroll, adding to $7.5 million in existing payroll that Cornerstone plans to keep in Miamisburg, according to the Ohio Tax Credit Authority.
Also in Dayton: The city is asking for $80,000 to help defense and first-responder contractor Battle Sight Technologies create 25 new jobs by renovating space at 601 E. Third St. Dayton is also applying for $120,000 to help fellow defense contractor Mile Two move to the same building, with a projected 36 new jobs at stake.
The city also wants to help manufacturer Epix Tube create a projected 60 new jobs with $250,000 in ED/GE funds. That company wants to buy a facility at 14 S. Marion St. (The business is located at 5800 Wolf Creek Pike today.)
Vandalia is asking for $500,000 to help an unnamed company perform a $21 million renovation of 250 Northwoods Blvd., creating a projected 200 new jobs and a $7.6 million payroll.
Also in Miamisburg, at 222 Mound Ave., the city is applying for $70,000 to fuel a $565,000 expansion for Technicote, a maker of coated and adhesive paper for label makers.
The company also has locations in Indiana and Cuyahoga Falls, Ohio, so Miamisburg is trying to keep the company local. Technicote wants to replace its roof and invest in equipment.
Brookville is asking for $100,000 to boost a $814,000 expansion at Provimi North America, a Cargill Inc. animal nutrition company that already employs 109 people in that city. Provimi wants to use the money to update its offices.
In Germantown, the Dupps Co. says it could hire another five workers if it receives $315,000 in ED/GE funds to help fuel a $3.2 million expansion at 548 N. Cherry St. The company, which provides rendering and agricultural products, already has about 170 employees.
RELATED: Fuyao is expanding U.S. production capacity, introducing new products
Riverside has applied for $50,000 to create a new work space at 5100 Springfield St. for Tenet3 LLC, a security engineering business. Possible new jobs: 27.
Countywide sales tax proceeds fund ED/GE grants, in part. The funds also come from shared increased tax revenues.
About the Author
