The Economy & Business

8:16am

Mon April 15, 2013
The Economy & Business

Medical Equipment Maker to Move Offices to Dayton

A western Ohio medical equipment company is planning to move corporate offices and 51 jobs to Dayton.

The Dayton Daily News reports that Midmark Corp. would also add six jobs under plans to move into space in the former NCR Corp. headquarters building.

The Darke County company employs some 1,600 people globally and makes medical, dental and veterinary equipment.

The company is receiving $100,000 in county economic development money to help pay for renovation costs. It will be leasing some 23,000 square feet from the University of Dayton, the building's owner.

The school says the 455,000-square-foot former NCR building is about 30 percent occupied, with more programs expected to move in.

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6:35am

Wed April 10, 2013
The Economy & Business

Treasury Rep Will Meet With Delphi Retirees

Representatives of the U.S. Treasury Department say they'll meet with retirees of a bankrupt auto-parts supplier suing to have their full pensions restored.

The Columbus Dispatch reports that Alistair Fitzpayne, assistant secretary for legislative affairs for the Treasury, agreed to a meeting with Delphi retirees who saw their pensions slashed after the 2009 auto bailout.

Fitzpayne was responding to a letter last month from Ohio Sens. Sherrod Brown and Rob Portman and three other senators urging Treasury Secretary Jacob Lew to meet with the Delphi retirees to review their proposal to restore the pensions.

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5:03pm

Tue April 2, 2013
The Economy & Business

Bob Evans Sells Springfield Meat Processing Center

Bob Evans Farms has sold its Springfield sausage production facility. The plant has been sold to a California-based private equity firm.

The plant, which makes soups, gravy and sausage, along with another production plant in Bidwell, Ohio and Bob Evans' former headquarters in Columbus, were all sold to New Mill Capital.

New Mill Capital purchased the Springfield facility for $90,000. As a result of the plant's sale, 52 jobs will be lost when the company officially closes later this year.
 

8:04am

Tue April 2, 2013
The Economy & Business

Per-Capita Income On The Rise In Ohio

More good news for the Ohio economy: The state's per-capita income rose at one of the fastest rates in the nation last year.

That's according to an analysis by The Dayton Daily News, which says the statistic is a sign that the state's economy is recovering more quickly than that most of the country.

Per-capita personal income includes all earnings such as wages, dividends, interest income and rents. In Ohio, it rose by 1.7 percent to $39,289 between 2011 and 2012. That was a larger increase than all but two other states.

Experts say incomes in Ohio continue to benefit from the revival of the manufacturing industry and the emergence of the oil and gas sector. But, they say, future prosperity depends on diversifying Ohio's industrial base.
 

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9:30am

Wed March 27, 2013
The Economy & Business

Tax Credits Aid Region's Job Creation

Nearly 500 jobs are coming to southwest Ohio. The Ohio Tax Credit Authority approved assistance for projects in the region and As Emily McCord reports, Clinton County is seeing a large share of the funding. 

Three of the companies awarded the tax credits will be in the city of Wilmington. DealerTrack Incorporated expects to create over 200 jobs generating 6 million dollars in payroll. The company specializes in administration support for vehicle titles and contract scanning. Two other companies in the city will bring an additional 65 jobs to the area.

The other Southwest Ohio businesses are in Fairborn and several others in Butler and Hamilton Counties.

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