DAYTON, Ohio (WDTN) - Dayton City Commissioners approved a deal Wednesday which would provide money to idX Corporation to fix up the property that will be its new home.
The national company makes cabinets and fixtures. It's moving from its current spot on Springfield Street to the former Rex Corporate Headquarters building on Needmore Road.
The move will keep the company's 130 jobs in the city. Officials say the company will also add 120 new jobs.
As part of the deal, the city is providing $375,000 to idX. That total's made up of $150,000 from a Montgomery County Development grant, $100,000 from the city's development fund and $125,000 to help make the new building energy efficient.
We wanted to know if it's a good use of taxpayer dollars.
"We always analyze it in terms of the jobs and the capital investment they're making in the city so in terms of the overall cost of the $7 million project it's a very small percentage for us to participate support the company and make sure those jobs stay in Dayton," says Acting Deputy Director of Economic Development Keith Klein.
The new jobs will be added over the next four years.
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