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

Nov 26, 2019 | News, Newsletter

J.P. Nauseef
JobsOhio

 

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.

Hold the Date: July 26th – Community Rooted Economic Inclusion Playbook Webinar

The Ohio Economic Development Association is sponsoring a complimentary webinar on bringing equity and diversity to neighborhoods on July 26, 2021, 3 to 4:30pm. Sponsored in collaboration with the International Economic Development Council and the Brookings Institute, the Community-rooted Economic Inclusion Strategic Action Playbook argues that now is the time for community, city, and regional leaders to advance bold place-based solutions that foster long-overdue investment and opportunity within disinvested communities—and to do so in a way that benefits existing residents and small businesses within these communities.

read more

Substantial Transportation Funding Opportunities Blossoming

While this May has been cold, transportation funding opportunities are starting to heat up. The month of May brings with it funding opportunities for Ohio’s Transportation Improvement Districts (TIDs).  Ohio has 51 TIDs covering large areas of the state.  These intergovernmental agencies are designed to foster planning and cooperation among different counties and local governments to plan for regional transportation priorities.  TIDs have local, state and federal transportation funding sources upon which they can access. 

read more