The company does not have plans to add employees in the near term, however historically it has had up to upwards of 30 employees at its location.
The $20,000 grant will be paid out in two annual installments of $10,000 each, Fine said.
“Although structured as a grant, there are repayment provisions built into the agreement in the event the company does not meet their thresholds or their stated obligations,” he said.
Under the agreement, the funds “will only be credited toward expenses directly tied to physical improvements/upgrades” to the company’s new space. Reimbursement “will be made only from city funds other than moneys raised by taxation.”
Smith said the city of Miamisburg “has always been great to work with.”
“This, in addition to the assistance with the relocation cost, made it an easy decision to stay in the city,” he said.
The relocation will ideally occur before the end of September, Smith said.