Montgomery County to invest millions into area blood center

Montgomery County is investing tens of millions of dollars into Solvita, the area’s biggest blood and tissue bank.

As reported on News Center 7 at 5:30, county commissioners approved issuing up to $60 million of health care bonds.

Commissioners unanimously voted on the Solvita proposal and are excited to help a local company that has a blood bank facility in downtown Dayton, large tissue bank facilities at Research Park and now a pending expansion in the Kettering business center.

“These are high paying jobs, these are great jobs, the type of jobs you want in stems and science and development,” said Montgomery County Administrator Michael Colbert.

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Colbert told News Center 7 that the county helps Premier, Kettering, and Children’s Hospital with these medical facility bonds, known as conduit bonds. The county can back them but not have them show up on their financial statement.

“We actually help them with cash flow and help them expand the new building,” Colbert said.

The jobs are part of Solvita’s ever-increasing and significant role worldwide in life-saving skin grafts and tissue and blood analysis.

Solvita Chief Financial Officer Sarah Burns said the county’s help is, “To finance the acquisition and remodeling of the 400,000 square foot warehousing and manufacturing facilities at 950 Forrer Boulevard.”

The county is excited to help Solvita push its life-saving technology forward.

“This science is used across the United States and hospitals and medical centers actually through the world,” Colbert said.

We will continue updating this story.