Kaney Aerospace to move to downtown Dayton office, add jobs

City of Dayton gives company incentive via development agreement, as part of competitive site-selection process
Kaney Aerospace has a field office at 205 E. First St. in downtown Dayton, across St. Clair Street from Memorial Hall. CORNELIUS FROLIK / STAFF

Kaney Aerospace has a field office at 205 E. First St. in downtown Dayton, across St. Clair Street from Memorial Hall. CORNELIUS FROLIK / STAFF
Local News
By
June 28, 2024
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An engineering company that works with some of the biggest players in the aerospace industry plans to relocate eight jobs to downtown Dayton and add more than two dozen others over the next several years.

Kaney Aerospace, headquartered in Rockford, Illinois, has opened a technical field office at 205 E. First St. in downtown Dayton, across St. Clair Street from Memorial Hall. The company used to have a field office in Beavercreek.

The company told this newspaper earlier this year that it has 13 Dayton employees and is rapidly growing. Kaney has worked with Boeing, GE Aerospace and other major companies.

The Dayton City Commission recently approved a development agreement with Kaney that will provide the company with $85,000.

About $25,000 will come from the city’s development fund and $60,000 will come from a Montgomery County Economic Development/Government Equity (ED/GE) grant, says a memo from Steve Gondol, Dayton’s director of planning, neighborhoods and development.

A man works on the outside of a building on the 200 block of East First Street in downtown Dayton that is home to Kaney Aerospace. CORNELIUS FROLIK / STAFF

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Gondol said the funding will be used for capital improvements, and the company has pledged to relocate eight jobs to Dayton and create 25 jobs over the next three years.

Kaney expects to invest about $1.7 million into its office and research and facility on First Street, Gondol’s memo states.

Dayton City Manager Shelley Dickstein said the city had to compete for this project, which went through through a regional site-selection process.

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