The Economy & Business

Election 2014
8:32 am
Wed May 7, 2014

Miami Valley Voters Pass Income And Property Tax Increases

Credit Lewis Wallace / WYSO

A few income tax increases and levies for operating expenses went before Miami Valley voters in yesterday’s primary election, and preliminary results show voters largely said yes to raising municipal taxes.

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Under Construction
6:00 am
Thu May 1, 2014

Moraine Economy Still “Dog-Paddling”: WYSO’s Lewis Wallace Talks To City Manager David Hicks

Moraine City Manager Dave Hicks says the city isn't out of the woods yet in terms of finances.
Credit Lewis Wallace / WYSO

The City of Moraine is asking voters to approve a .5 percent increase to its municipal income tax in the Tuesday, May 6 primary election. Moraine City Manager David Hicks says the south Dayton town is in a tough spot financially—and still dealing with empty buildings and polluted superfund sites years after the departure of industry that created it.

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Election 2014
2:39 pm
Mon April 28, 2014

After Deep Cuts, Moraine Asks Workers To Pay In More

A photo of a 1927 advertisement for the city of Moraine posted in city hall; in addition to being an early industrial site in Dayton, David Hicks says it was considered a riverside getaway for Dayton residents.
Credit Lewis Wallace / WYSO

The city of Moraine has an income tax levy coming up on the May 6, 2014 ballot that would increase the tax from 2 percent to 2.5 percent for a period of five and a half years. The city’s revenue, which has always depended on an income tax, has been in a steep decline since at least the year 2000, as many large employers left the south Dayton suburb.

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Jobs
10:50 pm
Tue April 22, 2014

Ohio’s Unemployment Rate Dips To Lowest Point Since 2008, But Job Growth Lags Behind

The unemployment rate in Ohio dipped to 6.1 percent in March—the lowest it’s been since 2008. It’s down from 6.5 percent in February, and well below the national rate of 6.7 percent. But those percentages can be deceiving—March was also a slow month for job growth, and the labor force once again saw a downward tick month over month, with about 11,000 less people either working or looking for work in March than in February.

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Defense Industry
7:15 am
Thu April 17, 2014

As Defense Budget Shrinks, Local Contracting Not All Doom And Gloom

Employees of General Atomics Aeronautical, the manufacturer of Predator and Reaper drones, talk in the company's new Beavercreek office.
Credit Lewis Wallace / WYSO

Thursday is the second day of meetings at Wright-Patterson Air Force Base for small businesses in the defense industry. The event is part of an effort on the part of the Air Force to work more with small contractors; base officials say it helps them stay efficient as the government cuts defense budgets.

Those cuts have been bad news for local industry, which provides the Air Force with everything from computer systems to research to airplane parts—but not all contractors are feeling the same pain.

Large contractors cash in

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