The city of Dayton has approved giving a local steel tubing manufacturer a $250,000 grant to support a project that is expected to create dozens of new jobs.
Epix Tube, which has corporate offices in Trotwood, plans to invest about $4.5 million into a facility at 14 S. Marion St. in West Dayton, according to a proposed development agreement.
The company, which also has facilities in Illinois, has been awarded a $250,000 ED/GE (Economic Development/Government Equity) grant, and Dayton city commissioners this week decided to provide a $250,000 matching grant.
“This is a second site for this company,” said Dayton City Manager Shelley Dickstein. “They are expanding into Dayton.”
The company has pledged to create 60 new jobs over the next five years, with an average annual salary of about $40,000, according to the development agreement.
The proposed funding would come from the West Dayton Development Trust Fund.
Epix Tube says it will use the grant funds to help acquire and upgrade the vacant warehouse on Marion Street.
The facility belonged to Custom Freight Sales Inc. (Peerless Storage Co.). But it sold for more than $1 million in late 2019.
Epix Tube also plans to make utility upgrades and purchase and install new machinery.
About the Author