There is no way to sugarcoat what people all across the country have experienced during the recent economic downturn. Many employees were laid off and businesses found it difficult to stay ahead of their costs. Ohio was no exception, where jobs in industries like manufacturing were hard to find.
Miami County is also seeing growth in its manufacturing sector. Last week, the Ohio Development Financing Agency approved a $2.35 million loan to West Troy Tool and Machine, Inc., a business that specializes in tooling, automation and metal stampings. West Troy is expanding its operation and adding 35 new jobs, as well as purchasing new production equipment.
West Troy will use money from the loan, as well as $500,000 in private investments, toward the project, which will provide jobs and opportunity for so many throughout the Miami Valley.