The move “will help tremendously with interest and drive development” on that portion of the interchange, the site of Motoman Robotics, he said.
“I’ve heard they want to build a building that will really make a statement and set a tone that our quadrant is (a) corporate….high-tech jobs business park,” he said.
United Grinding has yet to finalize a specific location, but is looking in Austin Business Park and at a lot near Motoman, said Stephan Walliser, chief financial officer.
“There’s not so many vacant lots or so many suitable sites in Miamisburg,” he said. “And we’re pretty determined to stay in that area.”
United Grinding now has a 50,000- to 60,000-square-foot facility on Earl Boulevard off Maue Road, officials said. It will pay $12.4 million of the project while Jobs Ohio and Montgomery County will each kick in $250,000, records show.
The county’s Economic Development and Government Equity grant is expected to be accepted by the Miamisburg City Council tonight. The city will also contribute a $100,000 forgivable loan, records show.
The ED/GE grant is contingent on the company adding 30 employees within three years. But those jobs should come to Miamisburg by next year, Walliser said.
The company is part of the United Grinding Group, the world’s leading supplier of precision machines for grinding, eroding, lasering, measuring as well as combination machining, according to its website. The Miamisburg site encompasses operations is Canada, the United States and Mexico, Walliser said.
The main factors in consolidating its Virginia and Ohio operations are a sharper focus on “strategic growth” and added product lines, he said.
The separate operations have “led to certain inefficiencies in the past and we want to consolidate those two locations just to be under one roof and enjoy certain synergies out of that move,” Walliser said.
The company wants to purchase land and begin construction this fall, he said. The goal is to have the new facility completed next summer.