Funds may help businesses move, expand near Austin Landing interchange

The board of directors for the Austin Center Joint Economic Development District is is looking to start an economic assistance program. STAFF PHOTO
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The board of directors for the Austin Center Joint Economic Development District is is looking to start an economic assistance program. STAFF PHOTO

Businesses near the Austin Boulevard interchange of I-75 - or those seeking to move there - may have the chance to get some financial help.

The board of directors for the Austin Center Joint Economic Development District - which includes Austin Landing and surrounding areas - is is looking to start an economic assistance program.

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The Austin Center JEDD includes about 70 businesses with an estimated 3,000 jobs. But the program “is necessary to remain competitive in recruiting new business and retaining and/or promoting expansions of existing businesses located within the district,” according to a draft of the plan.

The Austin Center JEDD – which includes Miamisburg and Springboro – levies a 2.25-percent income tax on all businesses within the boundaries. About 57 percent of those revenues go to Miami Twp., 22 percent to Miamisburg and 21 percent to Springboro, officials said.

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JEDD board members have been discussing guidelines to be eligible for assistance - which will likely be in the form of grants – as well as the factors in how recipients will be selected.

-MORE COVERAGE OF AUSTIN AREA:

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