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EDA reports $75 million in new taxable value for 2025 and endorses annual updates to strategic plan
Summary
Staff reported roughly $75 million in added taxable market value in 2025 and summarized recent private investments and job estimates; the EDA asked for annual January updates and recommended reviewing strategic goals during the upcoming comprehensive plan process.
Staff presented the EDA’s 2025 strategic-plan update, reporting an estimated $75 million in added taxable market value for 2025 and highlighting recent private investments and job gains.
Details: Staff summarized 2025 additions including States Manufacturing (referred to as Forgen Power in the packet) at about 197 employees, NFI Industries (~94 employees), a Quick Trip (60–70 employees), and Turbine Pros (40–50 employees), yielding a combined 2025 employment addition estimate of roughly 320–340 jobs. Staff also noted the EDA’s property tax base is approximately $2.4 billion.
Board direction: Members asked that staff provide this strategic-plan update annually (January) and recommended revisiting the plan’s goals during the comprehensive-plan update to ensure priorities and target geographies remain current.
Why it matters: The added taxable value and new/expanded employers underpin Dayton’s economic-development strategy and influence fiscal capacity, planning priorities and candidate sites for further investment.
Next steps: Staff will provide an annual update next January and expects the EDA to review and adjust strategic goals as the comprehensive-plan process progresses.
