Dayton, Ohio’s new downtown technology park, known as Tech Town, is celebrating the grand opening of the campus’ first building, the Creative Technology Accelerator (CTA). The CTA will house the Dayton RFID Convergence Center, as well as the Institute for Development and Commercialization of Advanced Sensor Technology (IDCAST), and Weston Solutions.
Tech Town took ten years to plan and occupies the eastern edge of downtown Dayton. Once fully developed Tech Town is expected to establish Dayton as one of the main RFID and IT technology hubs in the world.
In July the Dayton RFID Convergence Center (Dayton RCC) moved into a $6 million facility within the CTA, and is looking for up to 20 companies to occupy its 20,000 square-foot office space. The Dayton RCC was formed as part of a greater effort to promote the growing RFID sector in south west Ohio. Its main goal is to accelerate the formation and growth of early stage RFID, sensor, and data management and mining technology businesses.
Financing for the 42,000 square-foot building was provided through a $2.55 million grant from the federal Economic Development Administration, a $2.86 million loan from the Ohio Department of Development, a $1.2 million investment from the City of Dayton Development Fund and a $500,000 Montgomery County EDGE grant.
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