Fortune 500 company could bring $147M project to Dayton area

An unidentified Fortune 500 manufacturing company is “considering multiple Dayton-area locations for a $147 million project” that would create at least 80 new jobs, the Dayton Business Journal reports. The company is looking at Dayton, Union and Brookville for the massive project proposal, called “Project Nora,” to construct “a 300,000-square-foot facility that could expand to 1.1 million square feet over time,” according to the article. Each city is planning to offer a 15-year tax abatement as well as proposing “a $500,000 Economic Development/Government Equity (ED/GE) grant from the county” to help offset development costs. Because the project is “highly competitive,” incentives “and a move-in ready site are key to ensuring it is located in Montgomery County.” For more, read the full article.

Economic Development, Financial Incentives, State Updates