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.
Leveraging the success of previous Air Force Pitch Day events, AFLCMC Pitch Days provided an opportunity to drive investment and potentially attract innovative companies to Ohio. Twenty-three companies presented projects related to airborne communication, cyber-related commercial innovations, maintenance and manufacturing technologies, and intelligence and surveillance for special forces. We are excited that all 23 companies walked away with contracts and checks, totaling up to $1 million each. In total, $15 million in contracts was awarded, $3 million more than expected.
Although the participating companies were not from Ohio, they now have reason to grow in the state. JobsOhio introduced them to grants and other ongoing services to incentivize and entice these companies currently operating out-of-state to invest and locate closer to their customer, the U.S. Air Force.
The Wright-Patterson Air Force Base is a huge asset to the Air Force and Ohio. The base employs more than 30,000 people as the state’s largest single-site employer. If the AFLCMC — headquartered at Wright-Patterson — were a private company, it would rank No. 3 on the Fortune 500. Similarly, the Air Force Materiel Command — also based at Wright-Patterson — would be among the Top 40 of Fortune 500 companies.
The Pitch Days showcased the importance of supporting Ohio’s federal and military installations and the potential they have to attract opportunities to the state. For this reason, we are exploring adding federal and military installations as a focus in the new JobsOhio strategy.
We look forward to partnering with all of you to facilitate and support these and other initiatives that draw attention to Ohio, bringing the potential for investment and job creation across the state and in our communities.
Louis Dreyfus Company (LDC), a leading merchant and processor of agricultural goods, announced plans for its state-of-the-art soybean processing facility to be located in Wyandot County, Ohio. The project will bolster the region’s economic growth in the critical food and agriculture sector. LDC’s facility will be located just outside of the City of Upper Sandusky; it’s first location in the State of Ohio.read more
The Ohio General Assembly, in its budget bill (HB33) approved July 3, 2023, authorized up to $750 million in state budget resources to the All Ohio Future Fund (R.C. 126.62). The fund is to be used for infrastructure to compete for — and win – more sizeable economic development projects such as the Amazon, Honda-LG, and Intel megaprojects that Ohio landed in recent years.read more
The Wilmington DRIVE (Downtown Revitalization Investment Vibrancy Effort) Program, adopted a year ago, with the goal of enhancing and accelerating Wilmington’s downtown revitalization and encouraging creative mix-use development, made its first strategic acquisition, closing on the Masonic Lodge Site (28 W. Main St.) on September 29, 2023.read more