Plans for new construction in Greene County has plunged to a 5-year low and some are attributing the fall to fears over defense spending cuts.
The story you’re reading is premium content for subscribers of the Dayton Daily News, Springfield News-Sun and Journal-News. Not a subscriber? Get total access to all our in-depth news and exclusive content here.
Read MyDaytonDailyNews.com now — 24-hour digital pass99¢ for 24 hours
Read MyDaytonDailyNews.com all week — weekly digital pass$3.99 per week
Subscribe for as little as 33¢ per dayView Offers
For Subscribers: Register your account for digital access.Access Digital
For Subscribers: Sign in here if you have already registered your account.Sign In
Q & A with Jerad Barnett of Synergy/Mills Development Companies, one of the Greene County’s largest developers
Q: How has sequestration affected Greene County?
It’s uncertain and uncertainty is bad for business.
For us business has been very steady, but it hasn’t been as active as we would typically see on the new construction front.
We started hearing from people it was initially the uncertainty of the election and that flipped to the uncertainty of the federal budgetary process and what the impacts of sequestration will be. And I still don’t think people really know.
Q: How long do you think the effects of the sequestration will last?
A: I’m hopeful that sometime in the summer we’ll have a little clarity, but I tell you the government seems to be moving very slowly so it could be something we feel the effects of the entire year.
Q: What needs to happen to jumpstart the local economy?
A: We, from a national standpoint, all expect the economy to be fairly flat here for a while. I do think even with the government, presumably we hear from our contractors, going to spend less on defense for the foreseeable future, there’s still going to be a lot of opportunities in Dayton.
I think the decision making on where the cuts are going to happen will help spur some growth. Even in a cutting mode, Wright Patterson has typically fared pretty well. The government still spends a lot of dollars on defense. I think that as they get out of this period of are we going to furlough, are we going to cut this program and they make decisions, I think that once that’s done we’ll see growth. I think we just need the decisions at the federal level to be made.
The Dayton Daily News continues to report on how federal budget cuts are affecting the local economy.