On Thursday, May 5, the Montgomery County, Ohio Economic Development/Government Equity (ED/GE) Advisory Committee recommended funding five projects, totaling $1,495,000 from the County’s 2022 Primary Economic Development Fund of ED/GE. The funding recommendations will be considered by the Board of County Commissioners at its May 10th, 2022 meeting. The projects recommended for funding are:
City of Dayton – Mikesells, Inc. - $100,000
The proposed project would help the company to grow by bringing a food production line back to Dayton. Funds would be used to renovate their existing facility. Project would create 10 new jobs and retain 62 jobs.
City of Union – “Project Sea Horse” - $500,000
The proposed project would extend Douglas Way Road to support the construction of a 997,391 SF build-to-suit office and distribution facility. Funds would be used for construction costs, and the company plans to create 1,200 new jobs over the next three years.
City of Vandalia and City of Clayton (Joint Project) - $375,000
A nationally-known food manufacturer is looking to expand its operations into the Midwest, including two sites in Montgomery County. Funds would be used to build a 250,000 SF manufacturing facility that would operate 24/7, 365 days per year. The company projects 100 new jobs would be created.
City of Vandalia – “Project Quarantine” - $150,000
Funds would be used to build a 115,000 SF logistics and distribution facility that would double as the headquarters for the company’s Midwest operations. The proposed project would relocate 38 jobs and create another 20 positions.
Washington Township – RAM Precision Industries - $370,000
Ram Precision, a family-owned manufacturing company that has been in the Dayton area since 1974 is looking to continue growing their local operations. Funds would be used to construct a 40,000 SF addition. Proposed project would create 20 new jobs and retain 74 jobs.
THE ED/GE PROGRAM
The ED/GE Program was established by the Montgomery County Commissioners in 1992 to attract jobs and retain the county’s tax base, reduce inter-local competition for development, enable the county to successfully compete as a region in national and international markets, and to share the benefits of county-wide economic prosperity among all jurisdictions in Montgomery County.
ED/GE consists of two components: economic development (ED) and government equity (GE). The ED component is funded by the Montgomery County Commissioners with countywide sales tax proceeds. Projects funded from the Primary ED Fund are to be used primarily to establish or expand commercial, industrial and research facilities and to create and preserve job and employment opportunities.
The purpose of the GE component is to share some of the economic benefits (i.e. increased revenue), resulting from new economic development among Montgomery County’s participating jurisdictions.
THE ED/GE ADVISORY COMMITTEE
The ED/GE Advisory Committee consists of 15 members (six representing cities and villages; four representing townships; three representing private sector; and two Montgomery County Commissioners). The members of the Committee are as follows:
John Morris Miami Township
Judy Dodge Montgomery County Commission
Georgeann Godsey Harrison Township
Chris Kershner Dayton Area Chamber of Commerce
Kris McClintick Harrison Township
Michael Moyer Jackson Township
Debbie Lieberman Montgomery County Commission
Mark Schwieterman City of Kettering
Veronica Morris City of Dayton
Mark Williams Elements IV Interiors
Niels Winther Think Patented
Derek Shell Village of Farmersville
Pat Higgins City of Germantown
Stephanie Kellum City of Trotwood
Dan Wendt City of Vandalia
Original source can be found here.
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