State OKs $5.5M for Dayton-area jobs

Story excerpt provided by Dayton Daily News.

Written by Dave Larsen.

Ohio approved nearly $5.5 million in incentives and grants for two companies that plan to bring almost 90 jobs to the Dayton region.

The Emerson Climate Technologies Innovation Center was awarded $5 million in incentives Wednesday from the Ohio Third Frontier to build the proposed $34.5 million facility on University of Dayton property.

The research and training center is expected to create 35 new jobs, said Lisa Colbert, a Third Frontier spokeswoman.

Also Wednesday, the Third Frontier awarded a $495,400 grant to Colorado-based Xerion Advanced Battery Corp. to offset the $1.1 million cost of relocating its headquarters and laboratory operations to the Dayton area.

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Originally published September 17, 2014.