Plans were unveiled Friday to bring a massive industrial operation with up to 800 employees to the former General Motors assembly plant in Moraine. The project, which has been in development since May, is codenamed “Project Southbound.”
Details of Project Southbound
Estimated direct investment by unnamed tenant company: $250 million.
Number of jobs to be created: 630 to 800.
Average salary per new job: $32,000 to $35,000.
Estimated annual payroll: $25 million.
ED/GE grant request by city of Moraine: $700,000.
Expected income tax boost to Moraine: Up to $500,000.
Sources: ED/GE application, city of Moraine.
About Industrial Realty Group LLC
• IRG, based in Southern California, has owned the former GM auto assembly plant in Moraine, now known as Progress Park, for a little more than two years.
• IRG has brought five smaller businesses to the 4.2 million-square-foot industrial complex.
• IRG also owns are the former Emery/UPS sorting hub at 2800 Old Springfield Road, near the Dayton International Airport in Vandalia; the former Delphi plant, now used by auto parts producer Tenneco, at 2000 Forrer Blvd. in Kettering; a 38,000-square-foot food processing plant at 2110 W. Jefferson St., Springfield, among other local sites. IRG is also developing former Delphi property west of the University of Dayton Arena, bringing a new truck stop there among other ventures.
• IRG is perhaps best known in Ohio for developing a new headquarters for Goodyear Tire & Rubber Co. in Akron.