Local business is the backbone of every community, and dozens of businesses spur economic development and provide jobs to thousands of residents in the Miami Valley.
The Dayton Daily News Business Team is committed to providing in-depth coverage of the companies that impact the community everyday. Here are five companies making moves in the Dayton area:
The basics? Dayton-headquartered CareSource is downtown’s largest employers with about 2,100 employees in three different buildings. The company is primarily a Medicaid managed care provider that also sells commercial health insurance.
What’s new? CareSource has plans to to expand in downtown Dayton with the construction of a new, six-story office in the 100 block of East First St. The company is also buying the five-story Ballpark Village building across from Fifth Third Field and will renovate and occupy the top floor. They have also purchased the attached parking garage. CareSource is also expected to create at least 650 new jobs in Dayton over the next three years as part of an agreement with the Ohio Tax Credit Authority.
The basics? Fuyao Glass America, a Chinese auto glassmaker, launched the world’s biggest automobile glass production plant in Moraine in 2016. Fuyao made the largest Chinese investment in Ohio history, when the company invested an initial $600 million into the former General Motors plant about 10 minutes south of downtown Dayton. The company has facilities in Illinois, Michigan and South Carolina, and has hired thousands of American workers. More than 2,000 workers and counting are employed at the Moraine facility.
What’s new? The growth continues. The company continues to hire workers at warp speed, frequently soliciting new employees at job fairs every few months. The Dayton Daily News took an in-depth look at the plant’s progress, and found the company has also been fined more than $200,000 for several workplace safety violations — though safety officials said the company is working with federal agencies to rectify the issues.
3. PSA Airlines
The basics? PSA Airlines is headquartered at the Dayton International Airport in Vandalia, and is a wholly-owned subsidiary of American Airlines. It operates an all-jet American Eagle fleet, and continues to grow its presence at the Dayton airport. PSA is unique because it is the only airline in the U.S. that is based out of Ohio.
What’s new? The company has nearly 3,000 employees, and operates nearly 700 daily flights to nearly 90 destinations. Since 2014, the company has doubled its size. In October, the company opened its flagship 77,000-square-foot hangar at the Dayton airport — a $13-million investment.
4. GE Aviation
The basics? GE Aviation is headquartered in Evendale, a northern suburb of Cincinnati. GE Aviation is Ohio’s largest manufacturing employer, according to state records. GE anchors an aerospace parts manufacturing industry that employs thousands in the region, including two locations in Dayton. GE Aviation employs 44,600 employees at 85 sites worldwide, 25,000 of those are U.S. employees.
What’s new? Evendale-headquartered GE Aviation announced its investments in U.S. operations have exceeded $4 billion in a five-year period. The company is a leader in advancing additive manufacturing — also known as 3-D printing, and has created an “Additive Development Center” in northern Cincinnati. GE Aviation leaders see additive manufacturing as “the new revolution,” investing more than $1.5 billion into new additive and advanced manufacturing technologies.
The basics? The Dayton-area health system is one of the Dayton area’s biggest employers with eight hospitals, 10 emergency departments and 120 outpatient facilities throughout southwest Ohio.
What’s new? Kettering Health Network continues to expand its presence in the Miami Valley, and has plans to open physician offices and outpatient facilities with two new locations. Kettering Health Network announced plans to build a medical office building on a lot formerly occupied by a car wash at 744 E. Dixie Drive in West Carollton and it had acquired an office and retail building at 2600 Far Hills Ave. in the Shops of Oakwood that it plans to renovate to accommodate new medical offices. The hospital network also recently had a scare with a Scabies outbreak.
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