DAYTON — A potential project in Vandalia, code named “Project Bullseye,” received approval for a $70,000 Montgomery County Economic Development/Government Equity (ED/GE) grant on Friday.
The project proposal is a 20,000 square foot expansion at an existing advanced manufacturing company in Vandalia that could create up to an additional 35 engineering jobs.
“Looking at the proposed project as a whole, they’re considering a total investment of roughly $40 million,” said Vandalia Assistant City Manager Greg Shackelford. “$1 million would be for in renovations and improvements necessary for the expansion. $9 million would be spent in capital improvement. The remaining $30 million would be earmarked for research, development and information technology associated with the opportunity. The company would be committing to 35 new full time positions with an average annual salary of $80,000.”
The project was one of eight economic development projects approved for grants by the ED/GE Advisory Committee totaling $1.13 million.
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 the County.
Reach Darrell Wacker at 937-684-8983 or on Twitter @VandaliaDrummer.