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Economic Impact Of Ohio Aerospace Institute, FY 1998-2015
Urban Publications
  • Candi Clouse, Cleveland State University
  • Kenneth S. Kalynchuk
Document Type
Report
Publication Date
2-1-2016
Abstract
This report assesses the contributions of The Ohio Aerospace Institute (OAI) to the economy of the State of Ohio during the specific period of its 1998-2015 fiscal years. The study was conducted by the Center for Economic Development at Cleveland State University’s Maxine Goodman Levin College of Urban Affairs. The impact of OAI is described here in terms of the employment, labor income, value added, output, and tax revenue generated because of OAI’s presence in the state. The impacts of OAI’s four main operating functions were assessed, including OAI operating expenses, OAI employee compensation, support to industry research and development, and support for students and universities. These components of the impact are based on data from audits summarizing OAI’s financial activities from fiscal year 1998 through fiscal year 2015 due to IMPLAN data availability. The Ohio Aerospace Institute is a nonprofit organization founded in 1989 with a mission of enhancing its partners’ aerospace competitiveness through research and technology development, workforce preparedness, and engagement with global networks for innovation and advocacy. The organization is a joint initiative of the NASA Glenn Research Center, the Air Force Research Laboratory at Wright-Patterson Air Force Base, the State of Ohio, ten Ohio public and private universities granting doctoral degrees in aerospace-related engineering disciplines, and numerous companies engaged in aerospace activities.
Citation Information
Candi Clouse and Kenneth S. Kalynchuk. "Economic Impact Of Ohio Aerospace Institute, FY 1998-2015" (2016)
Available at: http://works.bepress.com/candi_clouse/25/