A mustache sculpture graces the front of a downtown Troy business. The town is bustling with activity in preparation for the Mumford and Sons tour.
Miami County is preparing for a major tour stop by UK folk stars Mumford and Sons this weekend. The city of Troy, population 25,000, is anticipating an influx of 40,000 people and at least $12 million in new revenues for the region.
By Wednesday, downtown Troy was already overrun with semi trucks, workers, and, believe it or not, mustaches. Inside Hittle’s Jewelry, owner Jenny Nimer showed off her display of mustachioed jewelry, complete with what she called “bling.”
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.
Nearly 1 in 4 Ohio mortgages are underwater, according to numbers from real estate data company Zillow Inc. US Senator Sherrod Brown says that’s why he’s introducing legislation to speed up what’s known as short sales.
Last week we reported that state officials saw the number of new business filings in Ohio as a positive sign of economic growth for the state. Applications to do business in Ohio last year reached more than 88,000.
Although most officials will tell you that the economy is far from where it needs to be in terms of a full recovery, business leaders say there are a number of positive signs for our state and local economies. Jason Antonick is Manager of Business and Economic Development at Dayton Area Chamber of Commerce.