Vandalia officials are trying to lure a 130 new jobs to the city and are swapping out their requests for Montgomery County economic funding, five days before the award date.
Assistant City Manager Rob Anderson said a New-York based aerospace company recently approached the city about relocating there, and could create 130 jobs.
The company is also considering moving to Michigan, he said.
The company name is being kept secret — code-named Project Charlie — and could occupy an existing building and spend about $10 million in upgrades, Anderson said. Project Charlie would also receiving about $25,000 from the city and $130,000 from the Dayton Development Coalition, or one of its affiliate organizations. It is also seeking state incentives, Anderson said.
At the same time, Vandalia officials are pulling the plug on an application to lure an out-of-state manufacturing company, which would create between 150 and 200 new jobs.
The city received word Friday the manufacturer was putting its plans on ice because of economic conditions, Anderson said.
The city had sought $200,000 in economic incentives from Montgomery County for that project.
However, Anderson said he hopes the manufacturing project will once again gain life as the economy revives itself and the city may apply for ED/GE funds in the fall.
The bi-yearly ED/GE program, funded by set-aside county sales tax, will announce funded projects on May 15.
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