A rendering of Woodard Development’s Avant-Garde building redevelopment, which is located next to the Steam Plant in downtown Dayton.
Photo: Staff Writer
Photo: Staff Writer

5 reasons officials believe the Dayton region could handle another recession

Five things to know about the Dayton region’s resilience if another recession comes.

1. Local officials say the region’s economy has become far more diverse and less dependent on the auto industry.

RELATED: How the next recession could affect Dayton

2. A downtown Dayton development boom is bringing housing and commercial development to the city’s core.

RELATED: See where millions have been spent to improve downtown Dayton

3. Unemployment in the Dayton Metropolitan area is down to 4 percent although there are about 34,000 fewer jobs now than in 2000, according to seasonally adjusted numbers compiled by Bill LaFayette, owner of Regionomics LLC.

Jeff Hoagland talks about how Dayton region can stay strong

RELATED: Major disconnect: Jobs unfilled despite thousands of unemployed

4. Area governments, social service providers and educational institutions became better collaborators in the wake of the Great Recession and so are better prepared to react.

RELATED: Training programs seek to bridge workforce skills gap

5. Corporate investments in the region have brought the Verso Corp. corporate headquarters to Miami Township, Taylor Communications to downtown, and online retailer Chewy planning to open a facility at the Dayton International Airport.

RELATED: Taylor Communications to move hundreds of workers downtown

Other stories by Lynn Hulsey

 Ohio Chamber of Commerce calls for BOLD innovation in the state

Jobs expert: ‘This is going to be an epidemic’

What to do to land your dream job

Economic forum: Water, universities among Dayton’s key strengths

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