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20 April 2011

20 April 2011. Aerospace Hub Vision, Mission, Strategy. Vision: “Become the magnet for aerospace entrepreneurs, innovators, business owners seeking opportunity in a live-work-play-learn environment that fosters creativity and growth”

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20 April 2011

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  1. 20 April 2011

  2. Aerospace Hub Vision, Mission, Strategy • Vision: “Become the magnet for aerospace entrepreneurs, innovators, business owners seeking opportunity in a live-work-play-learn environment that fosters creativity and growth” • Mission: “Create jobs by combining our physical, economic development assets within the greater Dayton Region Economic Development Strategy“ • Broader Strategy: “Develop the Dayton Region as the national center of aerospace research, development, acquisition, and commercialization”

  3. Objectives • Create a magnetic environment for aerospace start-ups and small company attraction (region’s future big industry) • Build technology-based economic outcomes within the context of the regional aerospace vision • Foster the growth and vitality of a creative class • Entrepreneurs • Recent graduates • Artists & entertainers • Grow jobs across all skill and educational levels • Create a long-term sustainable economic growth engine for the city and region

  4. Geography • Based on State defined attributions • Committed Stakeholders • Identified Anchors • Business and Commercialization Services • Workforce Development • Amenities • Technology/Industry Cluster Focus • Dense urban environment • Non-profit research institution • An Attractive Live-Work-Play-Learn Environment Fostering Interaction & Knowledge Interplay

  5. Technology Knowledge Anchors • Technology Clusters: Aerospace Sensors and Materials • North Anchor: Sensors (Tech Town DRCC, IDCAST – WCI) • Over 30 months – 251 jobs and $70 million in sponsored research • Winner of ORSP for Layered Sensing Cluster ($24.3M) • Microcosm of the Hub Geography –Tech Town Anchor Tenant • Professional and Technical staff from 8 Ohio Universities • South Anchor: Materials (University of Dayton and UDRI) • Materials research program size 2nd among US universities • 190 materials researchers and technicians • Wright Center of Innovation – Center for Multifunctional Polymers and Nano Devices • Developing Materials Innovation Center

  6. A Regional Asset • Supports regional economic development plan • Another economic development tool to attract jobs to the region • Focus on aerospace, materials & manufacturing, sensors, intel • Supports WP 2020 • Aligns with City of Dayton economic development plan • Strongly synergistic with Greater Downtown Dayton Plan

  7. The Regional Aerospace Economy • $5.2 billion regional economic impact of WPAFB • Materials and Manufacturing directorate - $518 million activity in FY 2008 • Sensors directorate - $585 million activity in FY 2008

  8. Accomplishments • Startups/Small Businesses • 8 companies est’d; 2 finalizing leases • Case Studies: Security Innovation, EWA • Large Business: GE EPISCenter • Dayton Region Israel Trade Alliance • BIRD Foundation Grant: Stan Solutions, Adaptive Imaging • IDCAST, Tiltan collaboration: Sensor visualization • UDRI, Gidel collaboration: Field Programmable Gate Arrays • Record of mature incubating companies • Lead Development • GE Suppliers • Defense Contractors • Intermediaries: DTMA, Dayton Defense, Technology First, etc • Platforms of Success: Clusters, collaborative environments, WPAFB • partnerships

  9. Current & Future Construction • Tech Town - Building #3 • Now Leasing for Summer occupancy • Favorable rates • Smart building with LEED design • 61,000 SF • UD/GE EPISCENTER • Research facility • 115,000 SF • Construction to begin Q2-2011 • Move-in Date Q4-2012

  10. Investment Incentives • Invest in the greater vision of building and creating the Aerospace Center of Excellence for Ohio and the Dayton region • Access to emerging technologies evolving from Tech Town, UDRI, region • Access to WPAFB AFRL, ASC, NASIC, AFMC customers & regional defense firms and forums • Entrepreneurial services to educate, train, and provide venture funding to position firms for success

  11. Investment Incentives Cont’d • Dayton Development Resources • Site Selection Assistance • SBA Financing • Property Tax Exemption • Regional Development Resources • Entrepreneur Signature Program • Ohio Job Creation Tax Credits • Ohio Third Frontier Technology Development Fund • Workforce Development Resources • Employment Recruitment Services • Ohio Third Frontier Internship Program • Ohio Investment in Training Program • Additional Resources • Sales and Inventory Tax Exemptions • R&D Investment Loan Fund & Tax Credit • Federal Hub Zone Benefits

  12. Discussion Points • Advance our market edge in sensors and materials while developing and converge new avenues into other opportunities (cyber, propulsion, intelligence, human performance, etc) • Situated to cross-pollinate b/t WPAFB and Hi-Tech Companies by capitalizing upon our entrepreneurial, business incubation environment (IDCAST, DRCC, TEC, MIC) • Establish “playground” clusters by combining intellectual capital from universities, WPAFB, industry, intermediaries… • STEM campus • Globally collaborate to tackle technology challenges; e.g., cognitive sciences… • Tie into WBI, CUE, Tech Town equities to work UAS and other challenges • How can the Hub and potential partners collaborate and partner to provide innovative, creative technology solutions in a dynamic live, work, play, learn environment?

  13. Summary • Create an live-work-play-learn atmosphere which individuals find attractive • Dovetail into existing regional economic development plans to be successful for the region as a whole • Capitalize on our strong growth capacity for aerospace materials and sensors • Sustain our record of working with industry to develop, transition, commercialize new technologies • Opportunities for sustained funding of research and business development activities • Demonstrate a competitive edge unparalleled by any other region from our assets and track record

  14. Contact Info • Kerry D. Taylor, Aerospace Hub Director • Kerry.Taylor@OhioAerospaceHub.com • Cell: 937-344-8731 • Or, • Office: 937-221-7626, ext 4026

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