Skip to main content
Project Details
Defense
The Power House
A Wright State University led historic Dayton economic development project with partner Infinity Labs. Supports underserved local community, educational advancement through academic integration/partnership, tech. growth, defense/commercial markets, R&D advancement, upskilling, and as a graduate facility for TEC businesses. Results in almost 3,000 jobs over seven-years with a forecasted economic impact of $1.5B+. Requested capital supports construction of classified space.
Organization Details
Infinity Labs
15 W 4th St.
Dayton, Ohio. 45402
montgomery
Wright State University
University Hall 282, 3640 Colonel Glenn Hwy
Dayton, Ohio. 45435-0001
Montgomery
Non-profit
Organization Contact Details
Jason Molnar
Infinity Labs
Infinity Labs
6143076539
15 W 4th St.
Dayton, Ohio. 45402
Montgomery
{Empty}
Location Details
Dayton
Ohio
Ohio 10th
Financial Details
7000000
31074289
Dayton/Montgomery County ED/GE & DEAP Grants: $533k^
•Property Assessed Clean Energy (PACE): up to $8MM#
•FHTC Equity: $4,036,289*
•SHTC Equity: up to $3MM*
•NMTC Equity ($20MM allocation): ~$5.7MM#
•Jobs Ohio Low-interest Revitalization Loan: $3.75MM#
•State Capital Budget: $250k^
• Community Project Funding: $2MM*
* in process
# term sheet
^ approved
Construction or Capital
Yes
Referencing #33 above, we have secured nearly $1MM in funding, have term sheets for $17.5MM of funding, and are awaiting award of historic tax credit equity in excess of $7MM.
Yes
Within the next 6 months
funding sources (capital stack) include the active pursuit or confirmed receipt of the following grants/tax credits: Montgomery/County ED/GE, Dayton DEAP, New Market Tax Credits, PACE, State/Federal Historical Tax Credits, and other TBD state/federal subsidy
Community Details
Located at 118 E 4th St., Dayton, OH 45402, the Power House project will act as a catalyst for educational advancement, economic/workforce development, talent retention/recruiting job-creation through partnerships with Infinity Labs, other community/academic stakeholders and public entities, and new business acceleration through co-working and mentoring opportunities for those regionally underserved and/or negatively economically impacted communities. The Power House will connect with the Dayton community to once again turn adversity into opportunity and harness the collective ingenuity, drive, and spirit of discovery once exemplified by the Wright Brothers, Charles Kettering, and Levitt Luzern Custer.

Through our partnership with Infinity Labs, WSU students and faculty will have access to numerous bespoke lab spaces (ex. Cyber and Radio Frequency Electronics Lab, Optics Labs, etc…) for highly customizable and potentially transformational research/hands-on learning, SCIFs for classified research/projects, and specialized prototyping and additive manufacturing equipment which, currently, are not available in our academic network and/or region. Access to like equipment and lab spaces in a similar setting would be cost prohibitive for a public university but for a partnership such as this. Therefore, a signed memorandum of understanding (MOU) between Wright State University and Infinity Labs, for the mutual benefit of both organizations and the surrounding community writ-large, is in place. A Joint Use Agreement (JUA) is in place.

As noted above, a central pillar for the Power House is community impact. As part of the company’s servant leader model, Infinity Labs will create a community-based job training program that includes an apprenticeship program, upskilling accelerator, and business incubator program. The Infinity Labs job training program is designed to help disadvantaged, low-income workers increase workforce capabilities, improve quality of life, and support fast-paced technology growth/scaling across the Dayton metro region. Infinity Labs sees an opportunity to make Dayton a national leader in upskilling for job growth and the reduction of economic disparities through purposeful and deliberate workforce development.

External support / funding will play a central role in the Power House vision. State capital and/or budget support would be most impactful and prove central to the recovery of the local economy, community, and disadvantaged workforce. The Power House will be the largest and only multi-level classified SCIF in Downtown Dayton, OH and critically necessary for Infinity Labs growing national security portfolio (AFRL, DARPA, IARPA, Department of Energy, USAF HQ). This SCIF space is being built at the request and with the approval/sponsorship of Infinity’s national security customers.

But for state capital and/or budget support, the vision of the project and the revitalization of the surrounding community would not be possible. The projected development cost without grants and subsidies would price WSU and Infinity Labs out of this space and extensively delay or totally prevent this project. Rather than delaying this vision, WSU and Infinity Labs dare to dream of a future where those most effected in the short term become the most positively impacted in the long term. Without external funding, regionally disadvantaged and/or negatively economically impacted populations lose this immediate opportunity for a better life for themselves and their families.
While the project has an active letter of support for FY '23 community directed funding from a federal congressional leader, there has been no awarded earmarked funding.
{Empty}
{Empty}
{Empty}
{Empty}
{Empty}
{Empty}
{Empty}
{Empty}
Additional Details
No
Jason Molnar
6143076539
jason.molnar@i-labs.tech
{Empty}

We use cookies on our website to support technical features that enhance your user experience.

We also use analytics & advertising services. To opt-out click for more information.