Distribution center among ED/GE recipients, would create 750 jobs
Friday, May 15, 2009 2:59 PM
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A 1.3 million-square-foot distribution center project in Vandalia received recommendation Friday for $350,000 in county funds. The center would employ 750 people with a combined payroll of $20 million.
The distribution center is one of seven projects given the green light for $1.26 million in Montgomery County Economic Development/Government Equity (ED/GE) funds.
The Montgomery County Commission will consider the recommendations at its May 19 meeting.
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The other recommended projects are:
??? ???Project Charlie??? in Vandalia ($250,000): Vandalia is competing for this project with Grand Rapids, Mich. The project, for an unidentified company, will be a $10 million investment to relocate 130 employees to an existing Vandalia company. The jobs will be relocated from New York. The company hopes to make the decision within the next 60 days and the ED/GE dollars will be a part of an incentive package.
??? CAM Manufacturing in West Carrollton ($200,000): The project will allow CAM Manufacturing Inc. to build a 10,000-square-foot addition to its 29,000-square-foot aerospace manufacturing facility. It also will include the purchase of equipment and the creation of 20 jobs during the next five years, as well as retaining 55 jobs.
??? Alternate Solutions Home Care in Kettering ($125,000): The project will allow Alternate Solutions to expand its corporate headquarters. The site is proposed as corporate headquarters for the statewide health care business with branch offices across the state. This expansion will retain 57 jobs and create 24 new jobs.
??? Mound Building 3 Renovation in Miamisburg ($200,000): Perkin Elmer will expand into Building 3 at the Mound Advanced Technology Center. Renovations will include building modifications, as well as upgrades to the HVAC, plumbing, electrical, roof and fa??ade. The project will retain 54 jobs and create 30 jobs within three years.
??? Byers Food Building Renovation in Englewood ($50,000): Byers Food Co. will relocate from Illinois to an existing 58,000-square-foot building that has been vacant for more than five years. The project will include upgrading office space and electrical service. Byers will generate 25 new jobs.
??? Creative Microsystems Building Renovation in Englewood ($85,000): Creative Microsystems will renovate and reuse an existing 18,000-square-foot building, enabling it to retain 58 jobs with a payroll of over $3.5 million. The project will expand the parking lot, upgrade the fiber optics to the building and renovate the interior to create additional office space.
The ED/GE program, which allows county municipalities to submit applications for economic development funding, has contributed more than $77.5 million since 1992 to help retain or attract businesses within the county. With depleting coffers, however, the funding pool is expected to dry up next year.
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