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State
Senator Bill Beagle...
West
Troy
Tool and Machine to Expand Operations, Add 35 New Positions
Future
plans help to retain 49 existing jobs
COLUMBUS—
West Troy Tool and Machine, Inc. received a big boost today as the
Development Financing
Advisory Council (DFAC) approved $2.35 million to assist with their
plans for
expansion. The
loan, made available
through the Ohio Enterprise Bond Fund (OEBF), will allow for the
Troy-based
facility to purchase new production equipment and add 35 new jobs.
State
Senator Bill Beagle (R- Tipp City) praised the announcement as another
economic
development win for the region.
“The
manufacturing industry is definitely making a comeback across the Miami
Valley,” Beagle said. “By partnering with West Troy Tool and Machine’s
plans
for expansion, the state is once again reaffirming its commitment to
getting
Ohioans back to work.”
In addition
to the OEBF loan, the company has already committed a private
investment of
$500,000 to the project. The funds are contingent upon final approval
from the
State Controlling Board.
West Troy
Tool and Machine, Inc. is a filtration manufacturer of tooling,
components and
mechanical assemblies.
Senator Bill Beagle serves the people of
Ohio’s 5th District, which includes Miami County and portions of
Montgomery and
Darke counties.
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