Bachelor of Business Administration (BBA), Ohio University, 2019, Business Administration
High-growth industrial clusters can be engines of economic growth through the development of human capital, knowledge spillovers, and early-stage investment. For the past 50 years, Stanford University has been a catalyst in developing Silicon Valley as a global center for technology innovation in the San Francisco Bay Area. Ohio University now has the opportunity to leverage the Wright Patterson Air Force Base (WPAFB) and Russ Research Center (RRC) to play a similar role in producing an industrial cluster centered around emerging technologies in aerospace and defense in the greater Dayton, Ohio area. A significant gift from noted alumni Fritz and Dolores Russ provided Ohio University with the RRC in Southwest Ohio, and Ohio University's usage of this facility could result in significant financial and social return on investment for the University and the State of Ohio. This work looks to explore the structures and components of industrial clusters, the economy of the greater Dayton region and Ohio University's potential role in the Dayton ecosystem through the RRC. The overall objective is to provide decisionmakers at Ohio University with a comprehensive foundation to facilitate discussion surrounding utilization of the RRC.
In 1994, Fritz and Dolores Russ (Ohio '42) presented plans to donate property in Beavercreek, Ohio to Ohio University when current tenants' leases expired. As part of this $124 million gift, which remains the largest donation to any public or private engineering school in the country, Ohio University named the College of Engineering and Technology after the Russ family (Keller, 1996). When Fritz and Dolores passed away in 2006 and 2008, respectively, Ohio University took ownership of the property and renamed it the “Russ Research Center.”
In addition to the gift, the Russ family's professional legacy carries significant weight. After working at WPAFB, Fritz and Dolores Russ founded a leading electronic and automation corporation called Syste (open full item for complete abstract)
Committee: Paul Benedict MBA (Advisor); Raymond Frost PhD (Advisor)
Subjects: Economic Theory; Economics; Geography