Funds would be used for construction, and the company plans to create 1,200 new jobs over the next three years, according to the county.
A second Vandalia project would see construction of a 115,000 square foot distribution facility that would double as the base of a company’s Midwest operations. The proposed project would relocate 38 jobs and create another 20 positions, the county said.
In Washington Twp., Ram Precision, a family owned manufacturer, seeks $500,000 to build a 40,000 square foot addition. This project would create 20 jobs and retain 74, the county said.
Designed as an economic incentive since 1992, the ED/GE program is based on countywide sales tax proceeds from participating communities. Funds also come from shared increased tax revenues.
Communities apply for ED/GE funding on behalf of companies moving to or expanding in Montgomery County. There are typically two funding deadlines for a pair of funding rounds, in April and November.
A community of local officials recommends to county commissioners which projects should be funded and for how much. Commissioners have the final decision.