The city agreed to give JJR Solutions $50,000 in grant money as well as $120,000 in Montgomery County Economic Development/Government Equity Program funds.
The funds are intended to help defray a portion of the roughly $1.6 million the company committed to investing to pay for tenant improvements, furniture, machinery, equipment, relocation costs and training, according to the development agreement.
The building, renamed the Avant-Garde, is being transformed by Woodard Development, one of the developers of the thriving Water Street District.
The roughly 35,000-square-foot building was formerly the Lotz Paper Co. facility. It is five stories and sits next to the recently rehabbed Dayton Steam Plant.
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JJR Solutions decided to leave Beavercreek and move to East Third Street to be part of downtown’s growing energy and development as a hub of entrepreneurship, Weber said.
JJR solutions works on sophisticated software development programs and trains and helps companies adopt new technology, he said.