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2018-01-13 How the next recession could affect Dayton | By: Fellow GDREIA Members

  How the next recession could affect Dayton
The local economy is more diverse now and many experts are cautiously optimistic a slowdown won’t hit this year.
 
By Lynn Hulsey, Staff Writer, Dayton Daily News
 
Dayton, OH January 13, 2019: Recessions are inevitable, but when the next one will come and how hard it would hit the Dayton region remain big questions.

Even if a slowdown comes this year, our region is better prepared to weather it than when the Great Recession hit more than a decade ago, local government and development officials said. The local economy is now more diverse, less reliant on the automobile industry and gaining jobs from expanding missions at Wright-Patterson Air Force Base.

Local companies survived the Great Recession by working to diversify their sales markets and customer base. This puts them in a more competitive position to respond to any potential economic downturns,” said Erik Collins, Montgomery County director of economic development. “The region is also in a better position because communities have cultivated a broader base of businesses by attracting foreign direct investment and promoting industries like logistics, medical manufacturing, technology and aerospace.”
 
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