Tuesday, April 17, 2012

Some Related News Stories

First, this story from the Dayton Daily News:

Those entities have applied for Montgomery County Economic Development/Government Equity (ED/GE) funds to explore logistics and distribution market segments, identify distribution companies that might be recruited to the area around the interchange of Interstates 70 and 75 and improve infrastructure where necessary.
Someone would be hired to oversee much of this full-time, say those involved.
With another $75,000 from the state’s public-private development arm, JobsOhio, the Montgomery County Transportation Improvement District would use the funds to hire a contract employee for 12 to 15 months for the project, according to the ED/GE application.
Then this:
The Ohio Tax Credit Authority approved in late March a 75 percent, 15-year “job creation” tax credit for Abbott worth an estimated $8 million-plus. And Tipp City recently approved an incentive package worth more than $1.2 million, including an agreement to build an east-west access road on the south side of the Abbott lot, off County Road 25A in southern Miami County. The road is being partially funded by the state.
Kasich believes the state’s investment will be won back through worker tax revenues in about 15 months. “It was a good package,” the governor said after the ceremonial groundbreaking. “We didn’t give away the store.”
The 250,000-square-foot plant, which will be completed in about 18 months, will produce three drinks: Ensure, for adults; Glucerna, for those with diabetes; and PediaSure, for infants and young children.
The company chose Tipp City because of its nearness to interstates 75 and 70, its historical familiarity with Ohio (the company’s nutrition products division was founded in Columbus) and its expectation of a well-trained work force.
Ok, so both stories mention nearness to the I-75 and I-70 interchange.  So what?  Well, there's this:
 he Dayton Region sits at the intersection of I-70 and I-75, giving it access to one of the most highly traveled intersections in the United States. In fact, the Dayton Region is within 600 miles of 53% of the U.S. population and 60%of workers currently employed in manufacturing industry, providing short commutes to major markets.
Travel time within the city is also convenient. The daily community time is five minutes below the national commute average and compares favorably to various metropolitan areas.
Within approximately 60 minutes, our businesses and citizens have access to three international airports with daily operations that rival major metropolitan areas. In addition, the Dayton 90 minute air market reaches over 137 million people ( 53% of U.S. workers within 600 miles) and more than half of the combined population in the U.S. and Canada, allowing for twice-a-day service to five metropolitan areas plus 300 towns and large cities.
Now I'm not exactly a demographer, but my guess is that if this area is within 600 miles of 53% of U.S. workers, it has to be within 600 miles of an even larger percentage of the nation's old people.  That would seem to make it a good place to put in a plant making old folks drinks.  Now the PediaSure might not fit into that, but damn we got old people by the busload, and they're usually on their way to a casino.  And with boomers retiring, those numbers are just going to keep increasing.

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