Portman & Brown’s POWER Act to Support Economic Opportunities in the Dayton Area is part of the National Defense Authorization Act for fiscal year 2022

December 15, 2021

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Press Releases

WASHINGTON DC – Today, U.S. Senators Rob Portman (R-OH) and Sherrod Brown (D-OH) announced that their bipartite and bicameral legislation to support economic opportunities in the greater Dayton area has been passed as part of the ‘fiscal year 2022. National Defense Authorization Act (NDAA). the Provision of Opportunities for Wider Economic Revitalization (POWER) Act would require the National Nuclear Security Administration (NNSA) to release all reversion rights to the old AVETEC building located in Springfield, Ohio once it is transferred to the Community Improvement Corporation (CIC) of Springfield – Clark County , Ohio, a non-local, for-profit economic development agency.

“I am pleased that the POWER Act, a common sense bill that will benefit both the federal government and our local community and economy, has been passed as part of the NDAA for fiscal year 2022.” , said Senator Portman. “By removing the federal government’s interest in the old AVETEC building located in Springfield, Ohio, and handing it over to the local economic development corporation, it opens up job creation opportunities and puts the building in the hands of the local community that knows the area best. “

“The transfer of the AVETEC installation to CIC is a common sense approach that will help create jobs and boost the local economy. Senator Brown said. “I am proud to have worked with the local business community on this bipartisan legislation – it is through their hard work that we were able to make it happen. “

The facility was built in 2009 with a grant from the Department of Energy’s NNSA to support advanced modeling and simulation for turbine engines, but the building is currently largely vacant. The dissolution of the federal government’s interest in the property will allow CIC to attract more economic investment and provide more economic opportunities to the community of Springfield.

The text of the bill can be found here.

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