Monday, February 26, 2001

Relizon headquarters up for state funds


Money would keep company in Dayton

By John McCarthy
The Associated Press

        COLUMBUS — Downtown Dayton is getting a makeover, and the state will pitch in with loans and grants worth more than $7 million, if a legislative board approves a Taft administration request today.

        The money is for a new headquarters for the Relizon Co., a document management company with 500 employees that has been in the Dayton area for more than 50 years.

        Spun off and sold by Reynolds & Reynolds Co. last year, Relizon has about 4,600 employees nationwide.

        The state Controlling Board still must approve the request, which is on the agenda for its meeting today. The board consists of six lawmakers and a president who represents Gov. Bob Taft. The board approves agency money transfers and other spending not specified in the state budget.

        The Relizon package consists of a $6.5 million loan to the Dayton-Montgomery County Port Authority, which will build the 150,000-square-foot headquarters and lease it to Relizon, as well as a $500,000 grant to buy and prepare the land.

        The project's total cost is $18 million, including $6.5 million in bonds the port authority will sell, said Ron Parker, the county economic development director who will take over the just-created port authority in about a month.

        “It's the port authority's first project. It's a big one and it's an important one,” Mr. Parker said.

        Downtown Dayton has been undergoing a revitalization, building a minor league ball park, new offices and other buildings. The Relizon headquarters is a key part of that movement, Mr. Parker said.

        The new headquarters also assures that the company will remain in Dayton. Kentucky had offered incentives to Relizon to move there.

        “It keeps 500 employees and their families here in the Dayton region. They were wooed outside the state, and we all worked real hard to keep them here,” Mr. Parker said.

       



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- Relizon headquarters up for state funds