PIQUA — Scott Steel, LLC, a low-carbon steel service center headquartered in Piqua, is expanding into a second building in the city.
“We look forward to adding machinery and equipment to increase our capacity, which will lead to increased employment, over the next three years,” said John Scott, co-owner of Scott Steel.
Piqua Men of Steel, LLC recently completed the purchase of the property at 915 S. Downing St. for $300,000.
“We have found the city of Piqua and the community at-large to be very supportive of Scott Steel’s rapid growth,” co-owner Aaron Scott said. He also recognized other local groups for their support of Scott Steel. “In working with Grow Piqua Now, the Piqua Public Power Company, and the Dayton Development Coalition, we felt confident in making this investment to move the company forward,” he said.
“Scott Steel’s investment in Piqua solidifies their presence here for years to come,” Justin Sommer, executive director of Grow Piqua Now, said. “Piqua offers the perfect environment for companies to start and grow. With easy access to raw materials, customer markets and skilled workers, Scott Steel will continue to thrive.”
Scott Steel began in steel brokerage and has expanded to a low-carbon steel service center offering coil, sheets, and blanks as well as flat bars. Starting from a home office in 2008, Scott Steel has grown from two employees to 20. They operate two narrow slitters, 4,500 tons of raw material, and 1,500 tons of finished goods processed to customer specification as well as in-house edging and gauge-reduction capabilities.
“This is a company that chose Piqua for a start-up,” Sommer said. “That is organic growth, which is valuable to our future growth.”
Sommer linked the growth of Scott Steel with the growth of the city as a whole.
“This is really how we grow our community,” Sommer said. “Nationally, the rule of thumb is 80 percent of your job creation comes from your existing businesses.”
When asked if growing businesses is becoming a trend for Piqua, Sommer explained that some businesses have taken advantage of opportunities to grow their market share coming out of the recession. Sommer discussed how Piqua has strong employers who have capitalized on pent-up demand for products or services.
Sommer, who is also the economic development director for the city of Piqua, said the city and organizations like Grow Piqua Now are there to help facilitate that growth, whether through incentives, helping them find available property, or other means.
“It’s been really satisfying to work with our longtime employers,” Sommer said.
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