Spring 2022 ED/GE FUNDING RECOMMENDATIONS ANNOUNCED

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