Court statistics show the number of bankruptcy filings in Ohio last year fell to the lowest total since 2006.
The Akron Beacon Journal reports experts point to several reasons for the drop, including mortgage lenders holding off foreclosure proceedings and people having so much financial trouble that they have no assets left to protect.
University of Dayton professor Jeffrey Morris, who's a member of the National Bankruptcy Conference, says increased awareness about the struggling economy also may make people more cautious financially.
The roughly 50,600 personal and business bankruptcies in 2012 mark a drop of 14 percent from 2011, when there were more than 58,800. That's according to data from Ohio's two U.S. Bankruptcy Court districts.
Dayton city officials have approved development plans for a $125 million racino on the former site of an automotive plant.
Construction is expected to begin this spring on the harness-racing track, which will include a 600-seat grandstand and 1,500 slots-like video terminals. It's being built on the site of a razed Delphi plant and is expected to open in mid-2014.
The Dayton Daily News reports that project is expected to create 1,000 jobs and another 1,000 during construction.
Penn National Gaming's applications to state commissions to relocate Raceway Park from Toledo to Dayton and to become a video lottery sales agent are pending.
State officials are looking optimistically at the number of new entities that filed to do business in Ohio in 2012. It's the third year in a row the number of new business filings increased over the previous year.
More than 88 thousand 'new business filings' came in last year, compared to 2011, in which just over 82,601 new entities filed with the Secretary of State, Jon Husted.