Midmark Corp. is preparing to move its corporate office and 51 jobs to the former NCR Corp. headquarters building at 1700 S. Patterson Blvd. as part of a proposed deal with the city of Dayton.
The 51 current jobs and six new jobs the company plans to create will generate more than $240,000 a year in taxes for the city, according to a copy of the proposed agreement between Midmark and the city.
Midmark, a maker of medical equipment based in the village of Versailles in Darke County, would receive $100,000 in county economic development grant money to pay part of the renovation costs, according to the agreement. The deal, administered by the city of Dayton’s Office of Economic Development, must be approved by the City Commission, which is meeting tonight.
The company would occupy about 23,000 square feet of space, which it would lease for five years from the University of Dayton, the owner of the building. The company gave few details about the project Tuesday in advance of the commission meeting, but said more information would be forthcoming. Midmark has been looking to move offices to Dayton for months.
“We have evaluated several properties for the location of our new corporate offices. Upon successful negotiations and a pending grant from the Montgomery County ED/GE program, we look forward to sharing an announcement soon,” said President and CEO of Midmark Corp. Anne Eiting Klamar. “Our plans to move corporate offices to Dayton will provide us with enhanced opportunities to fulfill our vision of becoming a global leader in health care products and services that enable more efficient and effective patient care.”
The total cost of the move and renovation is estimated at $1.9 million. Midmark plans to pay $1.6 million of that cost, according to the agreement.
The 51 jobs that would be relocated would represent an average annual payroll of $10.8 million. In addition, the company intends to create an additional six new jobs within the first year with a first-year estimated annual payroll of $581,000.
The jobs will generate $242,000 a year in wage withholding taxes for the city. If the taxes fall below that level, the company will make up the difference, according to the agreement.
“Like many companies, they have specific needs for space, and if Midmark is growing, we can help them grow here,” said Timothy Downs, deputy director of economic development for the city. “We’re thrilled to have Midmark locate in the city. That is a company any city would be happy to have.”
Midmark, which employs about 900 in Versailles and more than 1,600 worldwide, produces medical, dental and veterinary equipment and has subsidiaries throughout the U.S., and in France, India, and Italy. The company is privately held.
Klamar joined Midmark in 2000 as president and was appointed CEO in 2003. She’s the fourth generation of the Eiting family to hold a leadership position. Klamar began her career practicing medicine at Family Practice Physicians in Urbana.
A UD official said the 455,000-square-foot former NCR building is now only 30 percent occupied but plans call for full occupancy as programs move in. It houses the University of Dayton Research Institute, Center for Leadership, classrooms used by Masters of Business Administration, School of Education and Allied Professions programs, the Osher Lifelong Learning Institute, and the Alumni Center, among other offices.