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Dayco Products, LLC

Project Number: 20150601
Pilot Type: Standard/Basic
Status: Approved
Parcel ID: 073088 00201
County Commission District: 11 | City Council District: 03, 8


Dayco Products, LLC was awarded a five-year Basic PILOT to enable the company to add 174 net new jobs and invest more than $11 million at a distribution facility located at 3530 East Raines Road or 4755 Southpoint Drive.

Dayco Products will invest $400,000 in real property improvements and $3,000,000 in personal property at either facility.

In addition, the company will receive Community Reinvestment Credit of $7,884,400 for use of the Raines Road facility, or $9,324,420 at Southpoint.

The average salary of the 174 new employees will be $26,753.

Dayco Products, LLC is a global leader in the research, design and manufacturing of a broad range of belts, tensioners, dampers, pulleys, hose and hydraulics equipment for the automotive, industrial and aftermarket industries.

The new facility will enable the company to distribute its products throughout the US.

Founded more than a 100 years ago, Dayco Products, LLC operates a fully integrated global network of manufacturing facilities, distribution centers, technical centers and sales offices. The new Raines Road facility will be utilized as a distribution center for Dayco products.



Projected New Jobs:


Projected Retained Jobs:

Not applicable

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Not applicable

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Not applicable

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Real Property Investment:

Personal Property Investment:

Community Reinvestment Credit (CRC):

Capital Investment not in PILOT:
Not applicable

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Projected Taxes Abated:

City: $527,636 (80%)
County: $635,561 (75%)

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Compliance Information

Not applicable