page_title: Dayton, Ohio
section_title: Economy
hierarchical_section_title: Dayton, Ohio / Economy
caption_attribution_description: English: WRIGHT-PATTERSON AFB, Ohio - A C-5 Galaxy sits on the 445th Airlift Wing's West Ramp as the sun rises in the background. en:Category:Greene County, Ohio
context_page_description: Dayton is the sixth-largest city in the state of Ohio and the county seat of Montgomery County. A small part of the city extends into Greene County. The 2019 U.S. census estimate put the city population at 140,407, while Greater Dayton was estimated to be at 803,416 residents. This makes Dayton the fourth-largest metropolitan area in Ohio and 63rd in the United States. Dayton is within Ohio's Miami Valley region, just north of Greater Cincinnati.
  Ohio's borders are within 500 miles of roughly 60 percent of the country's population and manufacturing infrastructure, making the Dayton area a logistical centroid for manufacturers, suppliers, and shippers. Dayton also hosts significant research and development in fields like industrial, aeronautical, and astronautical engineering that have led to many technological innovations. Much of this innovation is due in part to Wright-Patterson Air Force Base and its place in the community. With the decline of heavy manufacturing, Dayton's businesses have diversified into a service economy that includes insurance and legal sectors as well as healthcare and government sectors.
context_section_description: Dayton's economy is relatively diversified and vital to the overall economy of the state of Ohio. In 2008 and 2009, Site Selection magazine ranked Dayton the #1 medium-sized metropolitan area in the U.S. for economic development. Dayton is also among the top 100 metropolitan areas in both exports and export-related jobs, ranked 16 and 14 respectively by the Brookings Institution. The 2010 report placed the value of exports at $4.7 billion and the number of export-related jobs at 44,133. The Dayton Metropolitan Statistical Area ranks 4th in Ohio's Gross Domestic Product with a 2008 industry total of $33.78 billion. Additionally, Dayton ranks third among 11 major metropolitan areas in Ohio for exports to foreign countries. The Dayton Development Coalition is attempting to leverage the region's large water capacity, estimated to be 1.5 trillion gallons of renewable water aquifers, to attract new businesses. Moody's Investment Services revised Dayton's bond rating from A1 to the stronger rating of Aa2 as part of its global recalibration process. Standard & Poor's upgraded Dayton's rating from A+ to AA- in the summer of 2009.
  Bloomberg Businessweek ranked Dayton in 2010 as one of the best places in the U.S. for college graduates looking for a job. Companies such as Reynolds and Reynolds, CareSource, DPL, LexisNexis, Kettering Health Network, Premier Health Partners, and Standard Register have their headquarters in Dayton. It is also the former home of the Speedwell Motor Car Company, MeadWestvaco (formerly known as the Mead Paper Company), and NCR. NCR was headquartered in Dayton for over 125 years and was a major innovator in computer technology.
caption: C-5 Galaxy at Wright-Patterson AFB
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