Dayton-Area Firms Fear Loss of $89M in Federal Awards

A Letter from our President & Board Chair

At the Entrepreneurs’ Center, everything we do is driven by one goal: delivering real impact to the clients and communities we serve. Over the years, we’ve celebrated major milestones—but none more meaningful than the one we’re proud to share today.

Between 2017 and 2024, EC-supported businesses surpassed $1 billion in cumulative economic impact, measured through revenue generated, investment capital attracted, and grant funding secured.

That kind of impact doesn’t happen by accident. It’s the result of relentless work to make the Dayton Region one of the very best places to build a business—through bold programming, expanded access to capital, and a community that’s more connected than ever.

For high-growth, high-tech startups, we continue to lead the region’s Ohio Third Frontier Entrepreneurial Services Provider program. Today, we support more than 100 tech companies whose innovations are fueling job creation, attracting capital, and reshaping Dayton’s economic future. In 2025, our successes were recognized with a program extension through mid-2027.

At the same time, we remain equally committed to the small businesses that sustain and energize our communities. Through the Miami Valley Small Business Development Center, we served more than 500 Main Street entrepreneurs in 2024, offering education, one-on-one advising, and support to access the funding they need to grow. We also deepened our role as a convener, hosting Dayton Startup Week and welcoming over 400 attendees and 80 speakers to share, learn, and connect.

2024 was also a breakout year for the Arcade Innovation Hub, our flagship innovation space. Now home to more than 160 member companies, The Hub Powered by PNC Bank has become the region’s most dynamic gathering place for entrepreneurs, educators, and creatives. This partnership between the University of Dayton’s Crotty Center for Entrepreneurial Leadership and the Entrepreneurs’ Center is a powerful example of what’s possible when institutions work together to spark innovation.

From our earliest days as a startup incubator to today’s billion-dollar milestone, we’ve remained grounded in one mission: to build progress and prosperity through entrepreneurship. The future we envisioned is now happening—and we’re just getting started.

We’re deeply grateful to our public and private partners, our community collaborators, and especially the hundreds of small business owners and startup founders who trust us to walk alongside them. This impact is yours, too.

We believe the next billion is already on its way.

Scott Koorndyk, President

Dr. David Kirschman, Board Chair