State Rep.
Richard Adams
Funding
Announced for Troy Business
COLUMBUS—State
Representative Richard Adams (R-Troy) today announced that the State
Controlling Board has approved the release of $2.35 million to West
Troy Tool
and Machine, Inc., a filtration manufacturer of tooling, components and
mechanical assemblies in Troy, Ohio.
“This
arrangement between the State of Ohio and West Troy represents the kind
of
relationship that is great for the people wanting to keep their jobs,
the persons
wanting to obtain jobs and the taxpayers of our state,” Rep. Adams said.
The funding
will be used to purchase new equipment and to meet other demands for
expansion,
including adding 35 new jobs. The company has also committed $500,000
in
private investments toward the project.
“We’re
grateful to Rep. Dick Adams for his assistance and to JobsOhio for
partnering
with us to grow our business in Troy, Ohio,” West Troy owner and CEO
Warren
Davidson said. “I’m proud to say that our state government did a great
job of
providing the right support so that our company can continue growing in
our
community.”
“This
initiative is allowing us to hire more people, and we can now look
forward to
continued growth with help from the Ohio Enterprise Bond Fund,” West
Troy
President Jeff Hunter said.
The loan was made available through the
Ohio Enterprise Bond Fund and was approved earlier this year by the
Ohio
Development Financing Advisory.
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