Federal Installations Have a $16.68 Billion Economic Impact on the Dayton Region, Generate 88,000 Jobs

Mar 26, 2019 | News, Newsletter

Dayton Development Coalition

 

 

 

DAYTON, Ohio –An economic impact analysis conducted for the Dayton Development Coalition by The Perduco Group found that Wright-Patterson Air Force Base, the Springfield Air National Guard Base, and the Dayton Veterans Administration Medical Center have a combined economic impact of $16.68 billion on the 14-county Dayton Region and generate more than 88,000 jobs.

The analysis, conducted using employment and payroll information provided by each installation, looked at the following impacts:

  • Direct Impact: Jobs and payroll at Wright-Patterson AFB, Springfield ANGB, and the Dayton VA.
  • Indirect Impact: Business to business transactions and employment resulting from direct impacts.
  • Induced Impacts: Employee spending on personal goods and services and the jobs supporting consumer demand.

The results provide a detailed look at how federal installations fuel the local economy beyond direct spending. The study considered how employees and contractors spend money generated from federal employment and contracts within the community and the jobs that spending creates.

“This analysis illustrates how important these national assets are to the economic vitality of the Dayton Region and why our Congressional delegation, state and local leaders, and the DDC continue to support these installations,” said Maurice McDonald, Exec VP, Aerospace and Defense.

Each installation periodically measures their economic impact but are restricted by government guidelines in the type of study that can be conducted. The REMI modeling software used in the DDC study allows for a wider view of the local economy, specifically the indirect and induced impacts that occur “outside the fence” and are vital to Dayton Region companies and residents.

The included graphic shows the breakdown of the impact by installation, the type of impact and the and area studied.

 

Expand Your Knowledge, Expand Your Network with OEDA in 2023

At OEDA, we are thankful for our members who are passionately committed to the success of their communities and advancing Ohio’s economy. Over the past year, we’ve appreciated having you as part of our community of economic development professionals and are grateful for the opportunity to be your partner again in 2023.

read more

Early Bird Registration Now Open for 2023 Basic Economic Development Course

As your partner for success at every step of your career, OEDA strives to provide high-impact training opportunities for our members each year. The foundation of that training is our Basic Economic Development Course (Ohio BEDC). This year’s course will be held from May 1-4 in Dublin, Ohio, and Early Bird Registration is open from now until March 1.

read more

Clinton County Workforce Collaborative Kicks Off the New Year

(Wilmington, Ohio) The Clinton County Workforce Collaborative hosted its first meeting of the year on Thursday, January 19. With almost 40 individuals present, representing schools, businesses, service providers, and community organizations, members reviewed accomplishments from 2022, established a new meeting structure for 2023, and discussed how their current efforts can continue to meet the needs of the local community.

read more