You have reached your limit of free articles this month.

Enjoy unlimited access to myDaytonDailyNews.com

Starting at just 99¢ for 8 weeks.

GREAT REASONS TO SUBSCRIBE TODAY!

  • IN-DEPTH REPORTING
  • INTERACTIVE STORYTELLING
  • NEW TOPICS & COVERAGE
  • ePAPER
X

You have read of premium articles.

Get unlimited access to all of our breaking news, in-depth coverage and bonus content- exclusively for subscribers. Starting at just 99¢ for 8 weeks

X

Welcome to myDaytonDailyNews.com

This subscriber-only site gives you exclusive access to breaking news, in-depth coverage, exclusive interactives and bonus content.

You can read free articles of your choice a month that are only available on myDaytonDailyNews.com.

$30 million plastics plant would bring 200 jobs to Tipp City

Wisconsin company has negotiated with city for a year.


A Wisconsin-based company is considering a $30 million investment for a plastics manufacturing plant in Tipp City that would employ 200 people within three years.

Gateway Plastics Inc. of Mequon, Wis., would build a 300,000-square-foot facility off North Third Street near Regal Beloit. The company makes plastic containers for the food and pet industries.

“We are excited as a community to have another corporate partner coming to Tipp City bringing 200 jobs,” Brad Vath, assistant city manager and development director, said. “It is an exciting project.”

The Tipp City Economic Development Committee met in a closed session Tuesday before voting to recommend an enterprise zone agreement offering 75 percent tax abatement for 12 years.

The agreement still will have to be approved by the Tipp City Exempted Village Schools, Miami Valley Career Technology Center, the city council and the Miami County commissioners. Those organizations were being notified of the tax abatement request Wednesday.

The project also would include building a 2,500-foot rail line and a spur to the company property, Vath said. An estimated 30 cars per month would bring raw materials for the plastic products to the location.

A $20 million facility along with a $10 million investment in machinery, equipment and fixtures is proposed, according to the enterprise zone application.

The payroll for the first year of operations is projected at $1.5 million, growing to $2.25 million in the third. The average job pay would be around $30,000, Vath said.

In its tax abatement application, the company states the maximum is being requested to help offset the cost of building the rail infrastructure.

“Not only will the rail infrastructure add to the cost, it will result in a lengthier project timeline, thus postponing Gateway’s ability to commence generating revenue,” the application states.

Vath said the company was looking around the Dayton region when it contacted Tipp City. Discussions on a project have been going on about a year.

City manager Tim Eggleston said the staff has worked hard to meet city council’s goal of attracting quality jobs.

“The city is very happy Gateway has considered investing in Tipp City and pledging up to 200 jobs over a three-year period. We are grateful that they chose us,” Eggleston said.

A timeline for the abatement agreement projects the board of education voting on the abatement agreement at its Nov. 28 meeting. Approval then would be sought from the city council and the Miami County commissioners, both in December.

Schools Superintendent Gretta Kumpf said Wednesday afternoon the notice was received at the board office.

The economic development committee was told the district would receive money from the 25 percent in real property taxes the business would pay during the abatement period along with 50 percent of the local income tax because the payroll would exceed more than $1 million a year.

Kumpf said she had little comment until the board had the chance to review the proposal.

“This gives us time to meet and learn more about it,” she said.


Reader Comments ...


Next Up in Local

School, businessman and A Special Wish have ongoing connection
School, businessman and A Special Wish have ongoing connection

A Special Wish Foundation — Dayton (ASW) has been granting wishes for 33 years, and for 29 of those years, Smith Middle School in Vandalia has helped make this happen. Generations of children, though in very different circumstances, have been giving back to ASW’s mission. Each year, fourth- and fifth-grade classes participate in penny wars...
What are platelet-rich plasma injections? Why is Tiger Woods a fan?
What are platelet-rich plasma injections? Why is Tiger Woods a fan?

The only thing worse than sustaining an injury to the body is not being able to find a therapy that will help it get better. Jeffrey James, a DO with Premier Orthopedics, believes there’s hope to that problem through a therapy called platelet-rich plasma (PRP) injections, a newer technique designed to promote healing by using the body’s...
David Cassidy reveals he has dementia
David Cassidy reveals he has dementia

After a recent concert in California, former teen idol David Cassidy got viral attention for the wrong reasons after footage of his show hit the internet. Cassidy, 66, appeared drunk, confused and disoriented during his Agoura Hills, California, show, where he often slurred his words and forgot the lyrics to his songs. Many assumed that Cassidy...
2 fatal crashes kills three people in Clark County
2 fatal crashes kills three people in Clark County

Three people were killed in two accidents in Clark County over the weekend, including a fiery crash in Springfield that killed two people and injured a third. Officials responded to the 1800 block of West Pleasant Street near Dayton Avenue on Saturday about 6:20 p.m. and found a gray Chrysler 300 on fire. The driver, Charles L. Foster II, 26, of Springfield...
Pliers used in armed robbery of Dayton Kwik N Cold
Pliers used in armed robbery of Dayton Kwik N Cold

A thief, armed with nothing more than a pair of pliers, robbed a Linden Avenue Kwik N Cold in Dayton Sunday night. The robber held the pliers over the head of a cashier as if he were going to stab the clerk before running off with cash, according to a Dayton police report. According to the report, the suspect matched the description of someone who...
More Stories