The new 570,000-square-foot facility Spectrum Brands is building near the Dayton International Airport will bring more than just its own 350 new jobs and $12.8 million in payroll, the Dayton Business Journal reports. Erik Collins, director of community and economic development for Montgomery County, said the project is “expected to have an impact for more local businesses,” according to the article. County predictions “show it could create as many as 462 jobs” including the ones at Spectrum and add as much as $17.5 million total in payroll. Additional jobs are expected to come from “companies within [Spectrum’s] supply chain” as well as “induced” jobs from “everything from local restaurants to dry cleaners.” That multiplier effect was key in the county’s decision to grant $350,000 in economic development money. The City of Dayton “will grant $150,000 for the project and also moved to designate land near the airport as a Community Reinvestment Area, allowing for tax incentives for property owners who develop the land.” For more, read the full article.
Spectrum Brand’s $33M Dayton facility will be “multiplier” for area business growth
