PDAC: Submission #1222 | Dayton Development Coalition

Submission information

Project Details

1. To which Review Panel are you submitting your project? Economic Development

2. Project title The BOLT (Business, Opportunity, Learning & Technology) Innovation Center

3. Short description The BOLT Innovation Center is an economic and workforce development initiative. It's core focus is to create opportunities for diverse entrepreneurs to start and grow businesses while providing a space for workforce development, innovation, and community events. The BOLT Innovation Center aims to be a place that lowers barriers of opportunity to a diverse pool of entrepreneurs. It will bring together dozens of early-stage businesses under one roof in a space that offers a built-in customer base.

Organization Details

4. Organization making the request Northmont Area Chamber Foundation

5-8. Address 4001 Old Salem Rd.
Englewood , Ohio. 45322

9. County Montgomery

10. Recipient organization Same

11-14. Address {Empty}

15. County {Empty}

16. Organization type Non-profit

Organization Contact Details

17. Name Angie Clifford

18. Title Executive Director

19. Organization Northmont Area Chamber Foundation

20. Telephone 9378362550

21. Email angie@northmontchamber.com

22-25. Address 4001 Old Salem Rd.
Englewood, Ohio. 45322

26. County Montgomery

27. Additional contacts {Empty}

Location Details

28. City Clayton

29. County Montgomery County

30. Congressional district Ohio 10th

Financial Details

31. Funding request 5000000

32. Total Cost 71773409

33. Other sources of funds In Kind Funds - 9215733 - received
Local Funding - 4925400 - will be received mid 2024
Federal Earmarks - 15000000 - Will be requested in 2024 and subsequent years as each phase of the project comes about
Private and Public Grants - 37632276 - in progress, will follow the same schedule as federal earmarks as phases of the project come about

34. How the funds will be used Construction or Capital

35. Do you have matching funds raised or committed? If yes, explain in question #36. If no, skip to question #37. Yes

36. If yes, please provide additional information. (Or, budget document can be uploaded, see question 37) The Foundation has raised $14141133 in in kind and local funding. These funds will go towards phase 1 of the project.

37. Budget Yes

Budget File Upload

the-bolt-innovation-center-budget.pdf (168.63 KB)

38. By what date will you be ready to spend the funds Within the next 6-12 months

39. Programs/grants for which this project would qualify The BOLT Innovation Center project spans multiple different areas. The project could qualify for economic development, education, workforce development, community development and betterment as well as innovation hubs.

Community Details

40. Community Need In 2021 the Northmont Regional Planning Commission was formed. NRPC consists of a taskforce of the Northmont Area Chamber of Commerce, Northmont City Schools, Miami Valley Career Technology Center, Sinclair Community College, and the Northmont area’s largest employers. A SOAR analysis (Strengths, Opportunities, Aspirations, and Risks) was completed by the taskforce as a first step into understanding the region and what could be accomplished moving forward. The SOAR analysis identified key opportunities for the Northmont area. Two that rose to the top were the need for a community-based space for events and entrepreneurs, as well as workforce development. The Northmont area is in need of growth. The most recent census stated a net zero growth for the area. Our population is aging and we need to bring something to the area to tie in live, work, learn and play. Through this we will promote the Northmont area to citizens and businesses alike.

The BOLT Innovation Center is an economic and workforce development initiative. Its core focus is to create opportunities for diverse entrepreneurs to start and grow businesses while providing a space for workforce development, innovation and community events. It builds on Northmont’s existing strengths and competitive advantages to grow the next generation of businesses and a well-trained workforce. The BOLT Innovation Center aims to be a place that lowers barriers of opportunity to a diverse pool of entrepreneurs. It will bring together dozens of early-stage businesses under one roof in a space that offers a built-in customer base, affordable rents, and support services.

The BOLT Innovation Center will serve the greater Northmont area consisting of not only the communities that make up Northmont, the cities of Clayton, Englewood, Union, the Village of Phillipsburg and the northwest part of Clay Township, but also our surrounding communities of Brookville, Trotwood, West Milton, Vandalia, Butler Township, Huber Heights, Tipp City, Troy and more.

The BOLT Innovation Center will have a substantial economic impact by creating jobs, promoting local businesses, developing new businesses, catalyzing redevelopment, and providing a large pool of opportunity to start a business.

41. Previous Funding: Has the requesting organization received Congressionally earmarked funding in the past? If so, please provide a brief project description, year funded, amount, and Congressional sponsor. The organization has not received Congressionally earmarked funding in the past.

42. Direct new jobs created 101 to 250

43. Existing jobs retained? 101 to 250

44. Sustained permanent jobs? 251 to 500

45. Please explain how you determined the job creation listed in questions 42-44. For questions 42 and 43: The BOLT will have the opportunity to house approximately 50 permanent businesses. In addition to the businesses utilizing the leasable space within The BOLT, The BOLT will have its own staff, and a variety of businesses utilizing the Event Center. The BOLT's range of employment opportunities will be at least 200 employees.

For question 44: The BOLT is a large facility that will create jobs in multiple construction and technology industries in order to construct and maintain the facility.

46. Using your best guess, of the jobs created over the next 10 years, what will the average salary be? $25,001-$50,000

47. Is your project a workforce development program? Yes

48. If yes, does your program center on one of the ten JobsOhio targeted industries? Yes

Which industry? Advanced Manufacturing

49. Counties in which jobs will be created Darke, Miami, Montgomery, Preble

Additional Details

50. Letters of endorsement, supporting materials, additional information. You can submit ONE PDF file that does not exceed 10 pages.

The BOLT PDAC Submission copy.pdf (436.67 KB)

51. Is there opposition to the project? No

52. Name of person filling out this form. Angie Clifford

53. Telephone number of person filling out this form. 9378362550

54. Email of person filling out this form. This is where notification will be sent that the form was received. angie@northmontchamber.com

55. Do you want your project to be considered as a Community Project in the fiscal year 2025 –2026 State Capital Budget Bill? Yes

56. If your project type is on the list of ineligible projects (see above), please offer an explanation why your project could be eligible. If your project is not on the list, answer the question by stating that your project is not on the list of ineligible projects. my project is not on the list

57. Has your organization received state capital budget funding in the past? If so, provide a brief project description, year funded, and amount. Our organization has not received state capital budget funding in the past.

58. Does your project have a connection with, or provide some benefit to, a state agency that has bonding authority? Please check all that apply from the following list: Board of Regents (or specific educational institution), Department of Natural Resources, Department of Youth Services, Department of Commerce

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