West Troy Tool And Machine To Expand Operations, Add 35 New Positions
Future Plans Help To Retain 49 Existing Jobs
June 25, 2012
 
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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 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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