That includes how Intel is working with local colleges to train people for 3,000 new jobs and a look at how transformational home sale prices have been over the last decade — with some areas seeing a more than 400% increase.
Our mission is to help you understand what’s really going on in the Dayton region. This includes comprehensive coverage of local governments and agencies, hard-hitting investigations, and in-depth analyses of important issues.
Do you have a news tip or an issue you think our reporters should look into? Contact me at Josh.Sweigart@coxinc.com, or you can use our anonymous tipline.
***
Local programs create training pipeline for Intel’s 3,000 semiconductor plant jobs
Credit: Jim Noelker
Credit: Jim Noelker
Construction is reportedly progressing on schedule for two new Intel Corp. semiconductor fabrication plants being built in New Albany. Here’s why that’s a big deal for us locally.
• Jobs! When the production line starts in 2027, Intel says it intends to employ roughly 3,000 people at an average wage of $135,000.
• Training starts now: Many of those jobs will require some sort of degree or training. So Intel is working with local colleges now to create a pipeline to train people. Lynn Hulsey has the details on that effort and how people can get in that pipeline.
• Major investment: Lynn also has a story updating readers on the progress of the $28 billion plants — that’s “billion” with a “B.” An estimated 7,000 people are expected to be employed in the construction alone. I guess what I’m saying is this thing is huge.
• Public funds: Taxpayers have skin in the game as well. Ohio awarded $600 million to support the new plants. Intel could also get up to $8.5 billion in federal CHIPS Act funding. The company could access $11 billion in federal loans and a tax credit of up to 25% on more than $100 billion in qualified investments, according to a company news release.
Dayton region communities see drastic leap in home sale values over past decade
Credit: Jim Noelker
Credit: Jim Noelker
It’s no secret — especially to anyone who has looked to buy a house — that home prices have skyrocketed the last few years. But we wanted to know just how much they have gone up in the last decade.
• Our investigation: Eric Schwartzberg worked with Dayton Realtors to analyze median home sale prices in area communities over the last ten years.
• Our findings: Out of the 22 communities we reviewed, 17 saw the median sales price of a new home more than double between 2013 and 2023, with four communities surging beyond that.
• Closer look: The median home sale price in one community grew more than 400% from $24,000 to $140,000. Median prices last year ranged from $114,150 to $410,000. Ten years ago nearly half of the communities had homes sell for less than $100,000.
• The full story: Read Eric’s full investigation here, including an interview with a young couple struggling to find their first home in this tumultuous market.
• Some context: It has been a wild decade for the local housing market. In 2013 Dayton Daily News reporting found nearly a quarter of homes were “underwater” — worth less than the mortgage balance — in the wake of the recession. Then the pandemic came and housing prices skyrocketed.