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Crown report: Ohio can expect $13 billion economic impact over 25 years by investing in advanced autonomous aircraft sector

Crown report: Ohio can expect $13 billion economic impact over 25 years by investing in advanced autonomous aircraft sector

The State of Ohio can expect more than $13 billion in economic activity over the next 25 years if it takes targeted steps now to support the growth of an advanced autonomous aircraft (AAM) sector, according to a new report by Crown Consulting Inc.

Crown Senior Director of Aerospace Systems Dr. Rubén Del Rosario reported the findings of a new study, Infrastructure to Support Advanced Autonomous Aircraft Technologies in Ohio: An Economic Impact Analysis, during a recent public briefing hosted by the Ohio Department of Transportation, which commissioned the study.

Crown, with partners NEXA Capital Partners LLC and University of Cincinnati, conducted a comprehensive analysis of Ohio’s infrastructure and assets that can support AAM, forecasted the potential economic benefits it could offer and recommended steps Ohio can take to capitalize on this emerging market.

Researchers concluded Ohio can expect AAM to contribute 15,000 new jobs, $2.5 billion in local, state and federal tax revenues, and 1.6% GDP growth through 2045 if it acts now to develop an AAM sector.