Dayton Daily News: Austin Area to See More Business Growth

InvotecNews, Uncategorized

Invotec Engineering plans to spend about $1.7 million on a 33,750-square-foot addition, more than doubling the size of existing facilities at 10909 Industry Lane. The addition is in anticipation of adding 28 workers over five years, one of the criteria qualifying the company for a 40 percent, five-year Ohio tax credit.

Invotec presented plans to the Springboro Planning Commission Wednesday in hopes of winning approval by May 30 for the project in the city’s West Tech Business Park, just south of the new Austin Boulevard interchange.

Invotec had considered breaking ground last year, but postponed the expansion due to concerns about financing and the economy.

“We took a quick look in the fall and decided to wait until spring,” said John Hannah, chief executive of engineering and manufacturing. “We’re probably about 30 days away from making a decision.”

The company designs and makes assembly and test equipment for manufacturing customers in the medical devices, automotive, aerospace and consumer industries.

Invotec has already added five employees, taking its workforce to 50, Hannah said. “We’re a year or two into a three- to five-year process,” he said.

While the interchange opening in late 2010 wasn’t essential to the expansion, it has helped Invotec attract employees living farther from the facility and simplified access for customers, Hannah said.


By Lawrence Budd, Staff Writer, Dayton Daily News, 12 April 2012

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