Promising 100 jobs, Canadian company recommended for $400K

Expressing a desire to attract more foreign transplant automakers and manufacturers, a Montgomery County committee Friday voted unanimously to give a Canadian company its fully requested funding to build a new U.S. headquarters in Englewood.

That company, Hematite, was recommended to receive $400,000 to build a plant on Lau Parkway.

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The sentiment on the ED/GE (Economic Development/Government Equity) Advisory Committee meeting early on was to fully fund Hematite's move. Defense contractor Cornerstone Research Group also was approved to receive its full $225,000 request to move from Beavercreek in Greene County to Miamisburg in Montgomery County.

A message seeking comment was left with John Pavanel, Hematite president. The company has said it would create at least 100 Dayton-area jobs.

Armed with the committee’s recommendations, the next move is a vote by Montgomery County commissioners on Tuesday.

Fully funding Hematite’s request will send a clear signal to other foreign manufacturers, said Chris Kershner, vice president, public policy and economic development at the Dayton Area Chamber of Commerce. He cited Moraine auto glass maker Fuyao Glass America, Ohio automaker Honda and Yaskawa Motoman, a producer of robotics in Miamisburg.

“I want more,” Kershner said.

In the ED/GE program, municipalities apply to the county for public sales tax dollars to boost business expansions in their communities. Funds are awarded twice a year, in the spring and the fall.

In this funding round, applicant businesses proposed creating 230 new jobs and protecting 209 existing jobs.

Hematite and Cornerstone were the only two projects that were recommended to be fully funded. Others funding requests received modest cuts while two — both from Huber Heights — were denied altogether.

The code-named “Project Epsilon” in Dayton was recommended to get $105,000 of a $150,000 request. Millat Industries in Kettering and “Project Bullseye” in Vandalia each received $70,000 of $100,000 requests.

Epix Tube in Trotwood and Value Added Packaging in Englewood also each were recommended to receive $80,000.

A move of Production Design Services from West Carrollton to Dayton was recommended to receive $100,000 of a $250,000 request.

The committee reviewed criteria for funding business moves within the county, with members saying they didn’t want companies leaving Montgomery County completely, but neither did they want to communities openly competing.

“The goal is not to use ED/GE as a way to move deck chairs around from community A to community B,” said Erik Collins, the county’s development director.

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