A total of $50,000 in grant funding from the city of Dayton could not only retain the current jobs from two local companies, but also help those businesses expand and add new jobs, the Dayton Daily News reports. Angstron Materials Inc. and Hohman Plating are hoping for grants of $25,000 each in economic development funds, and the companies “also will receive Economic Development/Government Equity (ED/GE) awards via reimbursements if the commission approves their development agreements,” according to the article. Angstron “plans to invest more than $1 million to acquire and renovate a facility adjacent to its home,” and will add 15 new jobs in addition to retaining 11 current jobs. Hohman Plating would use the funding to help with “building improvements and the purchase of new plating equipment”; Hohman “pledges to retain 146 existing jobs and add nine new positions in the next three years.”
