Beavercreek company seeks Fairborn tax deal to move
A Beavercreek defense contractor is seeking tax incentives to move to Fairborn, eventually bringing 71 jobs to the city and an annual payroll of $8.5 million.
Huntington Ingalls Industries-Mission Technologies has applied for incentives as part of a proposal to invest $2.3 million in building improvements and moving costs as part of a 10-year lease, city records show.
HII, a global engineering and defense technologies provider, has identified a site at 2310 National Road for possible relocation, said Cherise Schell, Fairborn assistant economic development director.
The business could receive up to $214,734 over five years if it moves, Fairborn records show.
“The amount of the annual incentive payment is determined based on (the) percentage of the total amount of income taxes collected by the city that are generated specifically based on the city’s 1% income tax in the previous year,” Schell said.
The other half of the city’s 2% income tax rate — which is dedicated to police, fire and streets — is not calculated in the incentive, Schell said.
Several attempts to reach HII officials have been unsuccessful and its website does not list a Beavercreek address.
HII employs some 44,000 worldwide in artificial intelligence, machine learning, engineering, technology, science and business administration, among other areas, according to its website.
The business touts itself as “America’s largest shipbuilder.” It lists offices Mississippi, Washington, D.C., and Virginia, home of its mission technologies division.
The Dayton Daily News requested from Fairborn a copy of the company’s application, but had not received it as of the deadline for this report.
The land at 2310 National is a 2-acre parcel bought by Mills Barnett Sirris Holdings for $150,000 in 2012, according to the Greene County Auditor’s Office website. That LLC is registered with the Ohio secretary of state’s office and lists an agent with a Beavercreek address on Commons Boulevard.
The incentives, supported by Fairborn City Council, are part of a business growth initiative overseen by the Fairborn Development Corp. It is set to meet Thursday to consider HII’s application, Schell said.
HII initially proposes to bring 64 jobs in the first year and employ 71 by the fifth, Fairborn records show. It would receive no incentive payments the first year, but those funds would annually range from $39,506 to $44,440 the next four years.
The incentives would be equal to 52% of the company’s contribution to Fairborn’s earned income tax for those years, according to city records.