GE Polymershapes, a distribution unit of GE Plastics, is negotiating with local government officials for funding to improve a warehouse it operates in Harrison Township, Ohio.
Officials in Montgomery County, which includes Harrison Township and nearby Dayton, recently rejected a request for a $165,000 economic development grant to make safety and security improvements at the site.
County officials said they wanted GE to agree to a long-term lease at the site, but GE Plastics spokesman Jay Pomeroy said such a decision would have to be made by Jacobsma & Associates, which owns the building and leases it to Huntersville, N.C.-based GE Polymershapes.
``We've talked with our landlord about making improvements that would allow us to serve our customers better,'' Pomeroy said. ``We've got two years left on our lease and we plan to honor it.''
Jacobsma & Associates, a real estate firm in Paso Robles, Calif., bought the 70,000-square-foot building last year, according to William Singer, Harrison Township's community and economic development director. Singer said he expects to hear from Jacobsma this month about the possibility of reapplying for the grant.
The internal and external improvements are expected to cost $700,000 to $1 million, Singer said.
GE employs 35 at the site and plans to create 35-50 new jobs there in the near future by adding a full second shift and creating a third shift, according to a March letter from GE Polymershapes global integration manager Gary Cummings. The letter was included in Jacobsma's grant application.
``This will be a good project if we can get GE to make a commitment to a long-term lease,'' Montgomery County Commissioner Don Lucas said in a telephone interview. ``If they could extend the current lease from two years to five years, that would probably be enough.''
Formed in 2000, GE Polymershapes distributes sheet, rod, tubing and film from 120 locations in 17 countries. The 2,000-employee unit posted sales of about $700 million in 2002. GE Plastics products account for about 30 percent of business at GE Polymershapes.