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TRUSTEES SUPPORT RETENTION OF TWO BUSINESSES

September 25, 2013  |  TRUSTEES SUPPORT RETENTION OF TWO BUSINESSES
West Chester Township

West Chester Board of Trustees voted last night to support two local business expansions and approve their applications to the Ohio Enterprise Zone Program.

Contingent Network Services and Systecon, Inc. applied for and were recommended for business incentives based upon new real property investment, job creation and a number of other criteria. Both applications will go before the Butler County Board of Commissioners and then to the State of Ohio for final approval. 

“Development incentives are tools not only for attracting high-quality investments to the community, but also for retaining quality investment and encouraging expansion,” said Township Administrator Judi Boyko. “Every attracted and retained corporate investment in the community represents new growth in the local economy. Corporate stakeholders bring new jobs, conduct business with other local companies, patron local retail services – restaurants, hotels, gas stations, dry cleaners, banks, etc., and fund Township services and our local schools.” 

Both agreements represent an opportunity to retain and support expansion of committed corporate stakeholders representing targeted industries providing for long-term sustainability and growth. 

Contingent Network Systems is proposing an expansion of its existing headquarters campus valued at $5.4 million, of which $4.5 will be invested in real property investment with construction of a 75,000 square foot building on its campus. Contingent will retain 120 full-time, permanent employees and create 75 new full-time permanent positions. The average annual employee salary is $65,000. 

The Board of Trustees agreed to a 65% exemption on the new real property investment of $4.5 million for a term of eight years. As a condition of the incentive package, Contingent will compensate the Lakota school district for the additional real property investment. 

Contingent Network Services specializes in Managed Secure Area Networks, Integration, Logistics and Maintenance for large enterprises including P&G, Kraft, Barnes and Noble and Chick-fil-a.  

The Board of Trustees also approved an Ohio Enterprise Zone Program application for Systecon, Inc., a long-time West Chester business with plans to construct a 50,000 square foot expansion. This new $2.7 million investment ($2.1 million in real property investment) into Systecon’s current headquarters is expected to increase the company’s employment numbers to 81. 

The expansion is meant to meet the growing demand for Systecon, Inc.’s modular HVAC systems which have been deployed in schools, hospitals, libraries, airports and more. Some notable Systecon, Inc. clients include General Motors, Eli Lilly, Wal-Mart and P&G. 

The Board of Trustees agreed to support an exemption of 55% on new real property investment of $2.1 million for a term of seven years. As a condition of the incentive package, the company will compensate the Lakota school district for property taxes due on the additional property investment.  

West Chester Township has five active incentive agreements in place with one of them due to expire at the end of this year.   

 

CONTACT: Barbara Wilson, 759-7308 or 304-4701