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The original item was published from 3/26/2015 3:03:37 PM to 4/4/2015 12:05:01 AM.

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Posted on: March 26, 2015

[ARCHIVED] Mayor Beamish's 2015 State of the City Address

Mayor Michael Beamish will present his 12th annual State of the City on March 30th at a noon luncheon to be held at the Concord Room. The State of the City is sponsored by the Troy Area Chamber of Commerce.

Mayor Beamish will highlight the City’s 2014 accomplishments, as well as his vision for 2015 and beyond. Mayor Beamish will underscore the City’s financial stability, disciplined spending, and fiscal stewardship, as evidenced by the fact that Troy’s General Fund reserves have nearly tripled in the past 9 years and Moody’s reaffirmed our Aa1 bond rating. Also in 2014, Troy spent nearly $4 million in road repair and renovation projects, as well as several parks and recreation projects.

As his number one priority, Mayor Beamish will highlight Troy’s economic development successes in the last year. Beamish stated “Over the last 12 years, we have, in partnership with the Troy Development Council and others, consistently grown the city’s employment base several times over. Even during the recession, we’ve been able to attract new business activity to our wonderful community, as evidenced by the fact that since 2009, we’ve added a net increase of 2,700 jobs and $125 million in increased payroll.”

Troy’s willingness to attract jobs through the use of its tax incentive programs continued to pay off in 2014, wherein the companies participating in Troy’s Enterprise Zone Program all exceeded their employment goals by a total of 58%, employing nearly 3,000 Miami Valley residents. Additionally, new capital spending on industrial buildings and equipment injected hundreds of millions of dollars over the last decade.

He finished by saying: “I have enjoyed leading the team of talented staff and partners who have all contributed to Troy’s success in 2014. I am very proud of the accomplishments we’ve been able to make and I look forward to 2015 and beyond, which offers great potential and opportunities. This is an exciting time for the City of Troy.”

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