This month experts across the Dayton, Springfield and Butler County region weighed in on the economic outlook for 2023, expressing general optimism but also worries about the impact of inflation, high interest rates, workforce issues and a possible recession.
Economic development projects are happening across the region and new developments from Honda and Intel are coming to Ohio as well.
“The beauty of Dayton is that we are very well diversified and we have become more diversified over the years, where we used to be so heavy in manufacturing, so heavy in automotive,” said Dave Dickerson, partner and president of Midwest market at Miller Valentine Construction of Dayton. “Obviously we have a huge resource in the market with Wright-Patt. It continues to grow and provide a lot of ancillary services. Companies want to be located close to it.”
For example the new $9.5 million National Advanced Air Mobility Center of Excellence is under construction at the Springfield-Beckley Municipal Airport. It will support flight test and development of so-called “flying cars,” which are electric vertical take-off and landing aircraft, and provide testing capacity to the Air Force Research Laboratory at Wright-Patterson Air Force Base. The city of Springfield will operate it as part of a consortium of universities and private research entities.
See more of what the experts had to say in our four-part series about the region’s economic outlook: