The U.S. Air Force has recently made headlines in the Dayton, Ohio, area with its partnership to expand beyond Wright-Patterson Air Force Base by opening the Small Business Innovation Research-Small Business Technology Transfer Collaboration Center in the downtown area. This has big implications for commercial real estate and business growth in the community. Here’s what you should know.

What the Air Force Partnership Means

The Air Force has partnered with software development company Mile Two to help speed up the process in which the Air Force awards contracts to local small businesses. Previously, it could take several months for contracts to get finalized—and similar delays existed when companies needed to get paid.

This downtown location and the additional resources that stem from the partnership will ensure small businesses have greater access to potential contracts (and receive payments at a much faster rate), which is poised to strengthen the area’s economy.

Why Downtown Dayton?

Downtown Dayton is an attractive area for base contractors and small businesses seeking Air Force partnerships. Accelerating investments in the downtown business district have seen more companies looking for commercial real estate as the local economy continues to grow.

Downtown residential housing is in increasingly high demand, thanks in part to a range of arts, fine dining, nightlife, and other amenities. Infrastructure improvements, such as bridge replacements and the construction of new office space, are designed to better serve the growing downtown community. The result is that downtown Dayton is becoming an increasingly popular place to work and live, which positions the area for even greater growth in the future.

Whether you’re looking for a new retail space or have other commercial real estate needs, trust Crest Commercial Realty in Centerville, OH, to deliver great results. Serving the greater Dayton area and northern Cincinnati for over 50 years, their team will help with property sales, management, development, and more. To learn more about their services, visit them online or call (937) 222-1600.