We have a simple, straightforward mission at the Dayton Development Coalition: To recruit, expand and retain jobs in the Dayton Region. When the year ends and we look back on our work, those three things show the growth of the region’s economic base.
By those metrics, we had another record year in 2022. Companies committed to create more than 5,900 new jobs and keep more than 6,800 jobs in our region. Many of our projects this year were new companies establishing operations in the region, helping to further diversify our economy. Those projects will generate more than $357 million in new payroll and $5.5 billion in capital investment.
We saw historic investments in the Dayton Region.
SEMCORP Advanced Materials Group announced it will establish a manufacturing facility in Sidney creating nearly 1,200 jobs with $73 million in annual payroll and $916 million in capital investment. The facility will make separator film, a key component in batteries for electric vehicles. SEMCORP’s products will be used by leading EV battery makers across North America.
Honda and LG Solution will partner to build a battery plant in Fayette County. Their combined investments of at least $4.2 billion will create a total of 2,527 new jobs in Ohio between the establishment of a new EV battery plant in Fayette County and the retooling of existing Honda plants in Union, Logan, and Shelby counties for electric vehicle production.
We saw the Advanced Air Mobility industry take to the skies above Springfield. We broke ground on the National Advanced Air Mobility Center of Excellence, hosted the very first National Advanced Air Mobility Industry Forum, and saw a steady stream of AAM and eVTOL companies come to the region to fly. We are witnessing history.
Wright-Patterson AFB continues to have a significant impact on our region and its central role in the DOD’s national imperatives puts our region in a strong position for growth. Wright-Patt is a strategic asset, and the Dayton Region has a track record of supporting our existing missions and attracting new ones. If we keep up our efforts, the outlook can be very bright.
No one economic development entity has the power to generate the momentum necessary to lift an entire region. None of this would have been possible without the commitment and collaboration of dozens of partners throughout the region, from city and county governments, to private economic development groups, chambers of commerce and utilities, and private industry. The collaborations and partnerships that define our community will continue to move us forward.
Thank you for all you do for the Dayton Region. Congratulations on an extraordinary 2022!
All my best,
Jeffrey C. Hoagland
President & CEO
Dayton Development Coalition