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| | Demographic
Information | | "U.S News and World Report" calls the Miami Valley region one of the nation's "hottest housing markets." You will find an excellent selection of new and existing homes at all price ranges and in all types of areas, from urban to rural to suburban and historic neighborhoods in communities throughout the Troy area.
Overall, area residents enjoy a cost of living lower than in most metro areas and a high quality of life. The average household annual income for the Troy area is $62,453.
Recreational diversity within 90 minutes of the region is exemplified by sports. These include professional football, professional baseball, professional soccer and professional hockey, plus 16 college football teams, college basketball, thoroughbred and harness racing at five tracks, auto racing, moto-cross and national championship power boat racing. Other sports activities include the Grand American Trapshoot and various professional golfing events for men and women.
There are more than 35,000 acres of recreational greenspace in the region -- more than any other area of similar size in America. The arts are in abundance, both performing and visual, including Philharmonic orchestras, one of America's oldest ballet companies, opera, and theatre and dance companies with U.S. and international reputations. Fourteen hospitals plus many clinics and care centers form the nucleus for high quality medical care.
The region is served by four (I-70, I-71, I-75 and I-675) interstate highways and two additional limited access (Route 35 and Route 4) highways. Local surface streets also make it an exceptionally easy commute throughout the Miami Valley Region.
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| Population and
Households | |
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The region (including Montgomery, Clark, Greene and Miami Counties) ranks 4th among the Ohio Metropolitan Statistical Areas (MSA) in population, households, total effective buying income and total retail sales. Troy is in Miami County. |
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The area ranks 51st in population and 52nd in households among all U.S. Metropolitan Statistical Areas. |
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| Income
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Total effective buying income was $16.785 billion in 1999. |
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Retail sales totaled $10.140 billion in 2000. |
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Median household income was $38,000 in 2000 in the Dayton-Springfield MSA. In Miami County, it was $44,000 in 2000. In the Troy area it is $52,000. |
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| Cost of Living
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The Troy area has a cost of living close to the U.S. average.
(Troy = 97.1, U.S. = 100.0) |
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Dayton-Springfield MSA
MARKET RANKING - 2000
Sources: U.S. Department of Commerce, Census of Population | |
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| Regional Economic
Strengths | | The Miami Valley region (including Troy) has many economic strengths unique to the area. Historically, it is a region rich in aviation heritage with the the historic first flight of Dayton residents Orville and Wilbur Wright. NCR developed the cash register while the electric starter and numerous other automotive components and designs are part of the historical heritage. Today the region's economy is still driven by technology.
High Technology and Information Systems
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Approximately 25,000 scientists, engineers, computer specialists and technicians. |
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One of the highest concentrations of aerospace technology firms in the nation associated with Wright-Patterson Air Force Base - 23 percent of Ohio's aeronautical and astronomical engineers. |
Aerospace
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Wright-Patterson Air Force Base - largest single site employer in Ohio. |
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Home of AFMC (Air Force Materiel Command) |
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Responsible for approximately 50% of the entire annual U.S. Air Force budget |
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Wright Patterson houses approximately 100 organizations representing U.S. Department of Defense activities |
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The U.S. Air and Trade Show
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Annual July event with military, sporting, antique and commercial aircraft - described as the "best air show in the world". |
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Automotive and Automotive Suppliers
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I-75, sometimes referred to as "Auto Alley", has over 250 auto component manufacturers in the region. |
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GM, Delphi, Daimler-Chrysler and Honda all have operations in the region. |
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The American Honda parts redistribution center in Troy supplies parts to dealers throughout the world. |
Distribution and Warehousing
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I-70 and I-75 intersect 10 minutes south of Troy often referred to as the "Crossroads of America". |
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Dayton International Airport is 10 minutes southwest of Troy. |
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Emery Wordwide hub qualifies Dayton International Airport as one of the nation's busiest freight and cargo airports. |
High Tech Support
The public and private sectors and education work together to provide support for growth of the aerospace and high technology induistries in the region.
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Edison Materials Technology Center (EMTEC)
is a consortium of business, industrial, academic, government and civic members working with nine universities and five major government laboratories with over $1 billion worth of applicable "R&D" resources.
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Miami Valley Manufacturing Extension Center (MVMEC)
is a major thrust to support defense conversion and manufacturing modernization. MVMEC focuses on small and medium size manufacturing companies with 500 employees or less.
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Intelligent Systems Application Center (ISAC)
has as its mission to promote the continuing development of future technologies which can be applied to a broad spectrum of defense and private sector commercial challenges. ISAC is a consortium of business, government and five area universities.
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Small Business Development Center (SBDC)
Services a nine-county region in southwest Ohio throuigh a vast network of small business service providers. The SBDC and its affiliated partners focus on providing the training, counseling and technical assistance needed by start-up, pre-venture and existing small businesses.
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Miami Valley Venture Association (MVVA)
provides a support mechanism for local entrepreneurs, raises the awareness of venture capital and promotes the interaction between emerging business and regional financial resources. MVVA functions as a volunteer association providing consulting services for entrepreneurs seeking investment capital.
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| College and
University Support | | Twenty-five institutions of higher education within a 60 minute radius of Troy offer significant contributions to advanced technology development through educational programs and interdisciplinary research programs in aerospace, manufacturing, information systems, environmental sciences, biomedicine, electro-optics, plastics, economic research and management development. | |
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| Vocational
Education Support | | The region is fortunate to have an excellent system in place for vocational education. There are three community colleges supplemented by local certified vocational career centers. Organized programs are targeted towards building an effective and well-trained labor force to meet the long term needs of business and industry.
The Advanced Integrated Manufacturing (AIM) Center
A unique partnership between Sinclair Community College and the University of Dayton designed to provide training and project-oriented services to manufacturers in the region. | |
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| | | Troy Development Council
405 S.W. Public Square, Suite 330, Troy, Ohio 45373-0218
Phone : (937) 339-7809, Fax: (937) 339-4944, Email: TDC@TroyOhioChamber.com | |
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