Doing Business in Dayton (OH)
Dayton is in the Miami Valley in Ohio. Often called the “Gem City,” it’s home to the National Museum of the U.S. Air Force, Carillon Historical Park, Boonshoft Museum of Discovery, and the Dayton Art Institute. In addition to interesting sites, a widely diverse range of businesses and industries have a presence in the region. The total workforce exceeds 624,400, with education/health services, transportation, utilities, government, professional business services, and manufacturing among the top industries by employment. In addition, Dayton has been ranked in the top 10 for job growth among peer cities by Site Selection Magazine for 12 consecutive years, and in 2022 was ranked#1 for economic development among cities of its size. In other words, Dayton is the place to be for both emerging and established companies.
Dayton Economic Profile
The city’s economy is composed of a diverse mix ranging from small businesses to large privately-held companies. There are thousands of businesses located in Dayton with a workforce of over 624,400. As the region started shaking off the impact of the global pandemic, Dayton is seeing a year-over-year employment increase of 1.4%. The city has five key growth clusters including aerospace R&D, healthcare, information technology, advanced materials manufacturing, and water management. The largest employers in the region include Lion, Premier Heath Care System, MedAmerica Health Systems, and Dayton Children’s Hospital.
Dayton Business Incentives
Beyond the available Ohio programs, there are several tax incentives and funding programs available to Dayton area companies. Eligibility depends on several factors but often includes hiring practices, the type of business conducted, and several other criteria. Programs include the Dayton Development Coalition, Federal Hub Zone Program, Source Water Protection Program, Foreign Trade Zone, and the Ohio Job Creation Credit.
Dayton Business Resources
- Dayton Development Coalition
- Doing Business in Dayton
- COVID-19 Checklist for Dayton Employers
- Starting a Business in Ohio
- Small Business Advocate
- Downtown Dayton Partnership
- Small Business Administration (SBA) – Dayton (OH)
- Tax Planning & Consulting
- Client Accounting Services
- Opportunity Zone Investments
Interesting Facts About Dayton
- Dayton was founded on April Fool’s Day.
- The lightbulb and the cash register were invented in Dayton.
- The first Soap Box Derby was held in Dayton in the summer of 1933.
- During WWII, there was such a drastic labor shortage, that a job draft was considered to fill the positions.
There are many advantages to doing business here. If you have questions about a specific issue or simply need assistance getting established in Dayton (OH) Barnes Dennig can help. For additional information call us at 937-223-7272 or click here to contact us. We look forward to speaking with you soon.