A map of the West Dayton "banking desert." Regulators, bankers and community members met Monday to talk about filling the gap left by the shuttering of the Westown PNC branch.
Federal regulators held a public meeting Monday to talk about banking services in West Dayton. The closing of the Westown PNC branch this summer has turned a large part of West Dayton into a “banking desert”; from the former site of the bank, there are no bank branches within a two-mile radius.
At the crowded meeting, David Greer with the Northwest Priority Board called the departure of banks from the neighborhood “redlining.”
The Austin Landing development in Miami Township has been stalled by a political disagreement. On Tuesday the township’s Board of Trustees gridlocked over a new proposal for the second stage of the project, which is funded with help from the township and a Tax Increment Financing (TIF) district.
Tracie Franklin has been looking for work for months, and says stagnation and low wages have dominated the last few years.
Unemployment numbers are out for August, and Ohio’s rate was right in line with the national rate of 7.3 percent. But while the U.S. unemployment rate went from above 8 percent in August 2012 to 7.3 percent in August 2013, the state numbers actually ticked up slightly from last month and last year.
Clark County has awarded a construction contract to an Urbana-based company to begin work on a large industrial park project called Prime Ohio II. The industrial park is projected to bring over 1,000 jobs to the county.
Prime Ohio II is approximately 200 acres and will sit just south of the Clark County Fairgrounds off of 1-70. The construction company, J&J Schlaegel, was the winning bidder to do the work on the nearly $8 million project.
A yearly study from Brookings and JPMorgan Chase shows exports are an important piece of the economic recovery in the Dayton region. The Export Nation 2013 report shows that exports grew about 7 percent each year from 2009 to 2012 in the greater Dayton area.