Aerospace Day Highlights State's Global Leadership In Aerospace And Aviation

The state of Ohio celebrated is third annual "Ohio Aerospace Day" on March 10, with a goal to recognize the achievements of the state's aerospace industry, while increasing the awareness of the importance of this industry and its ability for the state's future economic growth.

Success in the aerospace and aviation industry means having balanced access to cutting-edge technologies and the ability to build and deliver the high-tech parts, instruments and devices that fuel the industry. Industry trends show an increasing market in aerospace technology both domestically and globally. As this growth continues, businesses need an ideal environment that combines a business-friendly climate, deep industry knowledge base, a well-educated workforce, dedicated universities and research institutions, and most importantly a strong supply chain to get products to market.

Ohio delivers on its promise to be this ideal environment. Ohio's aerospace and aviation industry is the nation's leader in advanced propulsion and power technology. Ohio boasts more than 1,000 private companies, more than 100,000 workers, two federal laboratories, a network of higher education institutions and numerous nonprofit organizations engaged in the aerospace industry, well positioning the state to take advantage of the market growth.

"Ohio is the birthplace, home and future of aerospace. We are a leader in the aerospace industry. We are an intellectual leader, a leader in science and technology, R&D, supply chain, and we need to ensure that we remain a leader in order to protect and grow jobs in the aerospace industry in Ohio," said Michael Heil, president and CEO of the Ohio Aerospace Institute, a nonprofit organization dedicated to building Ohio's aerospace economy.  

Ohio and its network of aerospace industry businesses now face greater competition not just domestically, but from around the globe. As market growth continues, global companies look for whoever can manufacture and deliver the parts and supplies in the most cost-efficient and time-effective way. Appearing on ONN-TV's "Ohio Means Business" program in February, Dale Carlson, manager of advanced engine systems for GE Aviation, said Ohio is competing in a global race for business. "(T)hey all want what you have," he said. "There are states that are very aggressive in their R&D taxing policies to attract jobs. In Ohio we have to stay competitive. We have to compete year in and year out to keep these treasures that we have."

As the birthplace of aviation, Ohio's aerospace and aviation industry covers a complete spectrum of advanced propulsion technologies for all aerospace vehicle types (aircraft, rockets and spacecraft) both military and commercial. Ohio's network of suppliers draws in billions of dollars annually from global companies like Boeing and Airbus.

Ohio also is home to some of the world's largest aerospace and aviation industry businesses including GE Aviation, Boeing, Parker-Hannifin, Goodrich and Timken, just to name a few. According to David Joyce, president and CEO of GE Aviation, Ohio's talented aerospace workforce is why the company calls Ohio home. "Ohio is home to some of the best and brightest talent in the aerospace industry, and we are very gratified by the growing partnership between Ohio and GE Aviation," Joyce said.

Understanding today's global economy, Ohio lawmakers dramatically revamped the state's tax structure, creating the lowest rates in the Midwest and an extremely profit-friendly business climate for companies that locate in the state. In fact, Ohio ranks fifth in the nation in the number of headquarters for Fortune 500 companies and is home to 61 of the Fortune 1000.

"Ohio has proactively redesigned its business climate to support a leading 21st century global economy," said Ed Burghard, executive director of the Ohio Business Development Coalition, the nonprofit organization that markets the state for capital investment. "Strategic tax reform and economic development incentives encourage global success and make the state an ideal location to profitably compete in the global marketplace."

FMI: www.ohiomeansbusiness.com