Kettering has also approved a resolution to formalize the intergovernmental tax-sharing pact with Dayton.
DRT’s $7.5 million expansion, which was announced in 2011, will benefit from a $175,000 ED/GE economic development grant from Montgomery County, which requires a local match of $25,000.
Kettering City Manager Mark Schwieterman said plans are for his city and Dayton to split that cost as well, each paying $12,500.
The Dayton City Commission is expected to vote Nov. 28 on the agreement.
DRT’s toolmaking and DRT Medical LLC operations are located at 618 Greenmount Blvd.
The company plans to build a 16,000-square-foot addition there, address neighborhood noise concerns while rebuilding part of the structure and purchase new machine tool equipment.
DRT builds tools and components for medical, aerospace, automotive, electronics, power generation and other industries. It also has facilities off Little York Road north of Dayton, in Miamisburg, Pennsylvania, South Carolina and Germany.
About the Author