City looks to borrow $5 million for PSA development, 50 jobs to come

PSA Airlines. (WDTN Photo)
PSA Airlines. (WDTN Photo)

DAYTON, Ohio (WDTN) – Wednesday, Dayton City Commissioners made the first of many steps towards securing more jobs in the Gem City.

The city leaders authorized City Manager Warren Price to apply for a nearly $5 million loan from the JobsOhio Growth Fund; final approval is contingent on “JobsOhio and other funding sources,” according to the ordinance.

The money will be used towards the PSA Airlines and its development agreement for Dayton.

The ordinance states that the money will used for “construction of the new aircraft maintenance hanger” and “to complete the expansion project in a timely manner”.

Officials say the project, expected to be completed in April, 2016, will mean 50 new hires in Dayton.

The airline is expanding its operations at the James M. Cox Dayton International Airport (DAY).

And with that expansion, city and airline officials say there will be more job opportunities for the Dayton location.

“It undoubtedly shows PSA’s commitment to Dayton,” Price said. I think the long-term impact is yet to be seen, but those extra 50 jobs of course bring in income dollars to the city and it means an increased presence of PSA Airlines at the James Cox Dayton International Airport, which we’re of course thrilled about.”

Last Saturday, the company held an open house at the Clarion Inn in Englewood for prospective employees.

On it’s website, the Dayton-based company says it is “hiring for positions in administration, crew resources, inflight, and more. ”

In addition to the $5 million the company is expected to receive a grant from Dayton Power & Light, which will give $250,000 towards the project.

The quarter of a million dollars will come from the utility company’s $6 million fund towards Dayton’s expansion.

For more information on the job opportunities, visit here.

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