One other key factor
is important: Over a century ago, community leaders decided that they must go to other
towns and recruit industry for Sidney, Ohio. A volunteer group known as the Board of Improvement began the task in the summer of 1890,
overseeing a city bond earmarked to lure industries to Sidney.
Over the next few years, William Bimel was induced to move the Bimel Buggy Company back to Sidney from St. Marys, the Buckeye Churn Company (below) relocated here from Carey, Ohio, and the
Underwood Whip Company moved from Wooster, Ohio. An incentive package (including such
things as tax rebates and a free building site) was created for each new company.
The only notable failure was the Bimel Buggy Company. A $100,000 bond issue was passed
in 1897 by the citizens to aid the company in its construction of a new plant on North
Miami Avenue, just south of the canal. With the rapid advent of the automobile, the buggy business
turned out to be a bust. By 1904, Bimel was a victim of outdated technology. The new
building, paid for by the taxpayers, stood empty.
The Sidney Commercial Club was
established as a successor to the Board of Improvement in 1903. It continued the
aggressive recruitment of new businesses. With I. H. Thedieck at the helm as its first
president, in just two years the Commercial Club secured the Mutual Manufacturing Company
and the Sidney Machine Tool Company for Sidney. Members of the club provided the backing
for I. H. Thedieck to form the Monarch
Machine Tool Company in 1909.
Industry segment
written in January, 1998 by Rich Wallace