CINCINNATI — Anyone who stops by the VEGA Americas site in Oakley can see the company is doing well, but it seems VEGA was doing so well it needed more space to grow.
VEGA, which offers pressure measurement technology for the processing industry, announced Tuesday plans to relocate its American headquarters to the city of Mason’s new Research & Development Park.
The company will build a new $50 million headquarters on a 230,000-square-foot campus, bring 217 employees to the city and create 50 new jobs over five years, according to the Journal-News .
Michele Blair, director of economic development for the city of Mason, said VEGA is thinking ahead.
“They wanted to think generations beyond where they are today so that they can build a first-in-class facility and then be able to grow,” she said.
That’s where Mason’s research and development park comes into play. On Wednesday, it was a lot of empty fields and unused space, but the city plans to transform it into a massive, multi-company business campus.
Blair said Mason's thinking was scaling up, focusing on growth and retention far into the future.
Four companies announced plans to move to the park in the last four months, bringing a new wave of jobs and investment to Mason.
“That is important to our international strategy, important to the state of Ohio and the region’s mission to really capture new investment to the region, as well as grow our existing portfolio,” Blair said.
Steve Hartke, assistant city engineer for the city of Mason, said his department has worked closely with economic development to show businesses the potential of the land and to ensure the business park will still have the signature “feel” of Mason.
“Roads in general in Mason have a feel. One of those feels is the landscaping amenities as well as the bike paths, sidewalks,” Hartke said.
The company plans to break ground in late 2020, and construction is expected to last about 18 months. VEGA is planning to move from their current Oakley location to the new location in Mason in 2023.