The company would use Montgomery County ED/GE (Economic Development/Government Equity) funds to build a 250,000 square foot manufacturing plant that would operate 24/7, 365 days per year, according to the county.
In Dayton, Mikesells Inc. has applied for $100,000 to renovate its Leo Street facility, a project that would create 10 jobs and protect 62 current jobs, the county’s summary says.
In a project that may promise the largest number of jobs in this new batch of ED/GE applications, another unidentified company is asking for $500,000 to extend Douglas Way Road in Union, supporting the building of a 997,391 square foot build-to-suit office and distribution facility.
Funds would be used for construction, and the company plans to create 1,200 new jobs over the next three years, according to the county.
A second Vandalia project would see construction of a 115,000 square foot distribution facility that would double as the base of a company’s Midwest operations. The proposed project would relocate 38 jobs and create another 20 positions, the county said.
In Washington Twp., Ram Precision, a family owned manufacturer, seeks $500,000 to build a 40,000 square foot addition. This project would create 20 jobs and retain 74, the county said.
Designed as an economic incentive since 1992, the ED/GE program is based on countywide sales tax proceeds from participating communities. Funds also come from shared increased tax revenues.
Communities apply for ED/GE funding on behalf of companies moving to or expanding in Montgomery County. There are typically two funding deadlines for a pair of funding rounds, in April and November.
A community of local officials recommends to county commissioners which projects should be funded and for how much. Commissioners have the final decision.
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