The economic impact of the Dayton Region’s military and federal installations continues to grow, representing $19.4 billion in total economic activity.
Ohio Governor Mike DeWine, in partnership with the state’s private economic development corporation JobsOhio announced the results of the first statewide economic impact analysis of Ohio’s military and federal installations. The analysis shows the widespread and significant impact of Ohio’s military and federal installations reaches every region of the state.
- Generate $40 Billion in economic impact.
- Create 380,000 jobs.
- Account for 6% of Ohio’s economy.
- Generate $69 billion in total economic activity across the state.
In addition to the statewide impact, the analysis evaluated the impact of Wright-Patterson Air Force Base, the Dayton Veteran Affairs Medical Center, and Springfield-Beckley Air National Guard Base in the 12 counties that make up JobsOhio’s Western Region. The Dayton Development Coalition is JobsOhio’s regional network partner.
Defense-related activities and investment in the Region:
- Supported roughly 103,200 jobs.
- Generated $8.3 billion in earnings.
- Created $11.6 billion in regional economic impact (also known as value-added).
- Accounted for 17.12 percent of the region’s economy.
- Generated $19.4 billion in total economic activity (also known as gross output).
JobsOhio established a Military Federal Sector in 2020 to support the many federal installations across the state. The economic impact analysis of more than 20 federal installations in Ohio provides a better understanding of the scope and the impact of the sector on the entire state. Installations included in the study were Department of Defense, Department of Homeland Security, Department of Veterans’ Affairs and the National Aeronautics and Space Administration. The results are featured in the Ohio 2021 Military and Federal Factbook. The publication highlights Ohio’s installations and overall economic impact the military and federal installations have statewide and regionally.
The report provides an in-depth detailed analysis of how military and federal installations provide a solid base that fuels the local economy, beyond direct spending. Utilizing the REMI PI+ econometric forecasting modeling, the study measures the direct, indirect, and induced economic effects of Ohio’s defense industry as well as the trade flow effects occurring between each of the state’s six regions. The study was conducted by Matrix Design Group, a leading provider of economic impact work for military communities across the country.
For additional detail:
- Visit JobsOhio’s EIA website .