On January 28, 2020 CRG acquired new facilities located on Washington Church Rd. in Miamisburg Township. Because of the company’s rapid growth last year (48% increase in staff) and growth projected over the next few years, they required more space for offices, production lines and labs. See DBJ Covers CRG’s Plans to Expand.
This new property more than triples CRG’s facility space. The building is fully climate controlled, with a total of 174,000 sq ft. Located on 60 acres, the new facility adds 126,000 sq ft of manufacturing or production space, 36,000 sq ft of warehouse space, plus 12,000 sq ft of office space. This acquisition leaves room for expansion, including space available for additional new outbuildings. Once the new building is fully occupied, the current space at Earl Blvd. will be used for composites development and manufacturing.
CEO Patrick Hood said, “I am excited to have worked with the Dayton Development Coalition, JobsOhio, Montgomery County and Farmers and Merchants Bank to acquire the property on Washington Church Road. This property will be instrumental in our expansion plans. Our team has developed several new technology platforms rapidly reaching maturity and will require space for both production and added business staff. This property has the space to expand our development and production capacity as well as plenty of acreage to build out a campus to support additional growth.”
CRG also recently leased and moved some of its aerosystems projects into 77,000 sq ft in a building next door to their current space on Earl Blvd. In addition, Advantic, a subsidiary of CRG, has moved into 55,000 sq ft of that extra space next door to support its incredible growth. They tripled their staff in the past year. See Advantic Poised for Miami Township Move.
After some renovation and re-outfitting, CRG plans to begin moving some activities to their newly acquired building in June.
One of CRG’s subsidiary businesses, Advantic, is moving to a new location in Miamisburg, Ohio. After more than doubling sales in 2018 — and growing from 12 to more than 30 employees — Advantic is moving into an eleven-acre, standalone facility at 511 Byers Road in early 2020. The building is near the Byers and Lyons roads intersection, next to Cornerstone Research Group’s headquarters.
The engineering company’s new location will triple its office footprint and nearly double its production area. Advantic’s roots are in industrial and mining industries, helping companies replace conventional building materials such as steel and concrete with advanced, non-corroding structural materials for infrastructure applications.
The Dayton Business Journal published an article on Nov 15, 2019 about CRG’s plans for expansion and growth. The article beings with “Entrepreneur Patrick Hood has created several success Dayton-area companies with the mission to deliver high-tech products and solutions for aerospace and defense. He’ll be adding hundreds of new jobs over the next two years and is developing several new business lines.” Read the full article here.
The Dayton Daily News posted an article about CRG, titled “Company proposes adding 250 new high-skill jobs in Miami Twp.”
The company said in a statement that the expansion would “would open new opportunities for a variety of high-skilled jobs in the Dayton region including software developers, aerospace engineers, electrical engineers, composite engineers, chemists, and manufacturing personnel.” Read the full article here.
Cornerstone Research Group (CRG) announced a proposal to expand its current operations to a new facility while expecting to create 250 new jobs in the Dayton region, contingent upon the projects state and local incentives. The TCA approved a 2.101 percent, nine-year Job Creation Tax Credit for this project.
The company’s expansion initiative would open new opportunities for a variety of high-skilled jobs in the Dayton region including software developers, aerospace engineers, electrical engineers, composite engineers, chemists, and manufacturing personnel.
“The rapidly evolving Department of Defense acquisition landscape is creating significant opportunity for Cornerstone Research Group and the Dayton region. With multiple technology products progressing towards procurement, we are excited to work with the Dayton Development Coalition, JobsOhio, and partners throughout the state to rapidly develop and deliver new capabilities to the warfighter and contribute to the success of the Dayton region,” said Chris Hemmelgarn, Vice President of Strategic Development at Cornerstone Research Group. “This new facility will allow us to expand our manufacturing footprint for advanced defense products and create more opportunity for the region.”
“The ground-breaking work Cornerstone Research Group supports and protects our nation’s military while attracting talented scientists and researchers who represent the innovative spirit of the Dayton Region,” said Dana A. Saucier, Jr., Vice President & Head of Economic Development for JobsOhio. “We look forward to working with Cornerstone as It brings 250 high-tech jobs to Dayton wile pioneering new technologies to support our armed forces.”
“Cornerstone Research Group represents a true Dayton Region success story. For over 20 years, their cutting-edge research has helped protect our military and defend American values across the globe,” said Amy Schrimpf, Project Manager and Government Relations Director for the Dayton Development Coalition. “Our region has had a critical role in our country’s defense for more than 100 years, and Cornerstone continues that strong tradition into the future. We’re thrilled they plan to continue to grow in the region and look forward to supporting them as their project moves forward.”
On November 10, 2017, CRG corporate offices and its labs and development areas moved to its new location at 510 Earl Blvd., Miamisburg, Ohio. The new facilities offer more production space and integrated lab space, as well as modern offices and conference rooms, with room to expand.
Corporate headquarters are now conveniently located on nearly five acres just southwest of the Dayton I-75/Rt 725 interchange. The new facility provides 56,500 square feet of space, expandable to 88,000 square feet, with a manufacturing area that totals 38,000 square feet and features two 20-ton cranes and one 5-ton crane.
CRG is currently the #1 SBIR awardee in the State of Ohio, based on receiving over $50 million in awards on the Small Business Innovation Research (SBIR) program since being founded in 1997. The company also ranks #1 in the same metric over the last year, the last 3 years and the last decade. These SBIR awards have allowed CRG to build a tremendous portfolio of intellectual property they can capitalize on through both subsidiaries and within the core business. The $50 million in SBIR awards has led to an additional $90 million in non-SBIR revenue during the history of the company.
The Small Business Innovation Research (SBIR) program is a highly competitive program that encourages domestic small businesses to engage in Federal Research/Research and Development (R/R&D) that has the potential for commercialization. Through a competitive awards-based program, SBIR enables small businesses to explore their technological potential and provides the incentive to profit from its commercialization. By including qualified small businesses in the nation’s R&D arena, high-tech innovation is stimulated and the United States gains entrepreneurial spirit as it meets its specific research and development needs.
In March, 2017 CRG celebrated 20 years of successful business. Over the years its business model has transformed from straightforward R&D to becoming a technology commercialization incubator, forming new start-up companies based on the advanced technologies and products it has come up with, much of the research funded through government SBIRs/STTRs.
So far, three new companies are experiencing success as subsidiary spin-offs of CRG: Spintech LLC, Advantic LLC, and NONA Composites LLC, now called Kineticure LLC. More spin-offs are on the drawing board, taking advantage of technologies ranging from structural power supply to specially designed patient litters that stabilize patients with head and spine injuries.
In an economic climate that has been marked with one of the longest recessions since the Great Depression, CEO Patrick Hood is grateful that CRG and its employees have persevered and continue to develop great ideas that change how people do things.
On May 8th, 2015, the Dayton Business Journal published a cover story about CRG titled “Innovation Machine.” The article highlighted CRG’s spin-off businesses Advantic, Spintech and NONA Composites and the industries they target.
“Patrick Hood spent years trying to perfect a model to commercialize products from his research and development firm. Seems he found the right formula and now the Dayton region stands to benefit.” If you’re a DBJ subscriber, read the full article here.