Business

Legacy Wall Street Firm Moves to Springfield

Sep 2, 2016
EF Hutton executives stand in front of their new headquarters in downtown Springfield.
Dan Gummel / WYSO

E.F. Hutton, a New York based brokerage firm, announced on Friday that they are setting up their world headquarters in Springfield and look to invest about $22 million in the local economy over the next 5 years.

Chris Daniels, the company's CEO, says they're excited to bring the financial services industry to the Midwest, "EF Hutton is speaking with its actions by moving to main street and showing its commitment to individual investors across the country." 

myplazatheatre.com

In the years after World War II, Main Street in the City of Miamisburg was bustling. Quaint mom and pop shops and eateries drew visitors from all over the Miami Valley. But things changed. The rise of shopping malls in the 1970s and the loss of long-standing local business families in the 1990s left many buildings on the street vacant. But that’s all starting to turn around thanks in part to the reopening of the Plaza Theatre, a once shuttered 96 year-old movie theater at the center of town. 

Jerry Kenney

A new 28 room, hotel has opened up for business in the village of Yellow Springs.

The Mills Park Hotel was named for William Mills, an early settler to the area, who financed the first railroad and helped to build the town’s infrastructure.

The hotel is owned by developers Jim and Libby Hammond and has been under construction for about two years.

Early reaction to the design and location were mixed, but Yellow Springs resident Angela Moore says the three-story Victorian style hotel fits in with the “front porch culture” that’s present in the village.

Downtown Dayton may be getting a new hotel for the first time since the 1970s.

Woodard Development is set to construct a Fairfield Inn in the Water Street District. The area already houses residential developments and office space.

Tony Kroeger, Dayton’s City Planner, said the district has seen a lot of new development recently.   

“The fact that somebody’s willing to make an investment like this in Downtown certainly would be a sign of confidence,” said Kroeger.

In an Era of Scarcity, Water is Now a Major Economic Driver

Mar 2, 2016
James D'Angelo / Flickr Creative Commons

In a world facing growing problems with water scarcity, the Great Lakes region could be poised to draw businesses—big and small—from other parts of the country. But despite the region’s vast quantities of freshwater, water quality can’t always be taken for granted.

From The Air Force To Ice Cream: One Year Later

Nov 18, 2015
Jordan Freshour

Our Veterans’ Voices series continues today with a follow-up to a story from our first season. Bobby Walker was involuntarily separated from the Air Force, and so he decided to pursue a dream and start a business. If you’ve been to an outdoor festival or fair in the Miami Valley this year, you may have seen the fruits of Bobby’s labor. Army veteran, and Wright State University student, Anne Moore of Miamisburg has the story.

Jeff Weese / Flickr Creative Commons

Ohio’s corn and ethanol industry is fighting back at ads it says are misleading and funded by big oil.

The ad aired last week in Ohio, Massachusetts, New Hampshire and Vermont, and it says in part: “Mandating corn for ethanol doubles greenhouse gas emissions compared to gasoline over 30 years, and escalating mandates raise food costs and threaten the quality of the air we breathe. Mounting scientific evidence has revealed the inconvenient truth – increasing ethanol mandates can actually make things worse.”

Why Some Big Businesses are Backing the Clean Power Plan

Oct 29, 2015
Staples is one of 300 companies that recently sent a letter to governors urging them to back the EPA's new plan to curb carbon dioxide emissions.
Mike Mozart / Flickr Creative Commons

Big businesses often oppose increased government regulations. But the Clean Power Plan—the Obama’s administration's attempt to cut carbon dioxide emissions from power plants—is drawing backers in the big box business world.

- peperoni - / Flickr Creative Commons

The University of Dayton Research Institute (UDRI) has received a $99 million U.S. Air Force research contract. It’s the biggest contract in UD’s history. 

UDRI will study technologies like 3-D printing and sensors that could save the U.S. Air Force money on maintenance for an aging air fleet.

“If the planes are spending more time in maintenance, they are not available for the job,” said Sukh Sidhu, head of UDRI’s Energy Technologies and Materials division.

Kenyatta Chandler with Ohio Development Service talks with minority  business owners st the Dayton Job Center.
Jerry Kenney

For the first time ever, the state of Ohio says it has reached its goal of supporting minority-owned businesses. State officials met with minority business owners at the job center in Dayton to tout the achievement and talk about increasing the number of businesses eligible for state contracts.

Surpassing its 15 percent goal, the state says 19 percent of all goods and services purchased this year have been through minority businesses. That equates to more than $228 million dollars spent with those businesses, up from $165 million in 2014.

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