Building a SMART Community Brings Economic Success

Oct 12, 2017 | News, Newsletter

Nate Green.
Montrose Group.

Smart Communities embrace technology as the key to their economic future. The first step in building a smart community is defining the elements of a smart community and what the economic benefits are from achieving that status.

The economic benefits of becoming a smart community are substantial. Successful technology based economic development is a well-established, five drivers of regional economic success—along with advanced manufacturing, global trade, advanced services and energy. Successful regional technology economies are built on Science, Technology, Engineering and Mathematics occupations. STEM occupations consist of nearly 100 specific occupations consisting of 6 percent of U.S. employment counting nearly 8,000,000 jobs. STEM jobs are high-wage positions paying on average $77,880 and only four of the 97 STEM occupations had mean wages below the U.S. average of $43,460. The creation of smart community operating systems for cities also suggests substantial economic gain. According to a study by Accenture, Smart City solutions applied to the management of vehicle traffic and electrical grids could produce $160 billion benefits and savings through reductions in energy usage, traffic congestion and fuel costs.

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Why Pitch Days and Ohio’s Military Installations are Important to Business Growth

On November 13 and 14, JobsOhio was honored to partner with the Air Force Life Cycle Management Center (AFLCMC) and the Dayton Development Coalition to hold AFLCMC Pitch Days at Carillon Historical Park in the Dayton region. The two-day event connected industry, venture capital and the U.S. Air Force together to facilitate support for cutting-edge technologies. These were the first Pitch Days held in Dayton, but we anticipate they will not be the last.

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Port Authority Receives ODOT Aviation Grant

(WILMINGTON, OHIO) The Clinton County Port Authority (Port Authority) received a Notice of Project Approval (NPA) indicating that it has successfully secured grant funds from the Ohio Department of Transportation (ODOT) FY2020 Ohio Airport Grant Program. These funds will be leveraged with Port Authority funds to complete repairs of concrete infrastructure on Taxiway A and Taxiway C, as well as replace lighted signs along Runway 22R/4L.

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