WYSO

Economy

The number of African American-owned businesses has fallen sharply in Yellow Springs from its peak four decades ago. Only a handful remain in the village.
Jess Mador / WYSO

The number of African American-owned businesses has fallen sharply in Yellow Springs from its peak four decades ago. Only a handful remain in the village.

Antioch College History Professor Kevin McGruder credits some of the shift to rising college-graduation rates among many blacks in Yellow Springs.

"So, as black people have had access to more college they seek more opportunities and jobs they can get with those degrees than in opening up a store," McGruder says.

New Report Identifies Threats To Ohio Manufacturing

Mar 12, 2018
The former G.M. Moraine plant was the subject of an HBO documentary, "The Last Truck," about the workers who lost their jobs in 2008. Soon it could house hundreds of workers for Fuyao Glass America.
Lewis Wallace / WYSO

The number of manufacturing jobs in Ohio has slowly ticked up in recent months, but a new report finds several trends that could undermine the future of the industry. 

The report, by the left-leaning think tank Policy Matters Ohio, looks at 27 years of data on the state's manufacturing labor force. And its main message can be summed up like this: nice work, if you can get it.

Downtown Dayton's Third Perk Coffeehouse and Wine Bar hosts an event called the Perk-E-Lator to help would-be entrepreneurs hone their business ideas.
Jess Mador / WYSO

A century ago, Dayton helped drive the global economy with inventions that changed the world – think, the airplane, the cash register, pop-top cans, the self-starting engine. In our series Scratch, WYSO explores some of the people and ideas that could impact life and the economy in the Miami Valley and beyond. 

The series was inspired by a simple question: where is Dayton’s famous spirit of invention still alive and well in the Miami Valley? And, who benefits? 

Dayton business Event Lites successfully funded a recent expansion through Kiva.
Kiva / Downtown Dayton Partnership

Mom and pop business owners often struggle to find enough capital to get their ideas off the ground and succeed, research shows. Kiva Dayton’s recently launched crowdlending platform aims to help solve this problem.

food in grocery store
MASAHIRO IHARA / Flickr Creative Commons

The House of Bread community kitchen in West Dayton has been feeding area residents and families in need for more than 30 years. Now, the nonprofit is close to reaching its goal in a major capital campaign aimed at expanding its existing facility.

House of Bread has already raised about $800,000 toward its overall goal of $1.4 million.

Executive director Melodie Bennett says all funds raised in the campaign will be used to expand the organization’s now-overcrowded dining room facilities.

In Wolf Creek and Dayton View, hundreds of homes still stand empty. west dayton abandoned house tour
Juliet Fromholt / WYSO

Housing values in Montgomery County are expected to rise next year, according to preliminary data from the Montgomery County Auditor’s office.  

Auditor Karl Keith says the projections are based on what looks like an improving economy, a stronger real estate market and an increase in property sales.

“You go back three years ago we saw values overall drop in Montgomery County drop by about 4%. If you go three years beyond that, in 2011, values dropped," he said. 

Two EF Hutton directors, and one former director, stand in front of the company's new headquarters in downtown Springfield in 2016.
Dan Gummel / WYSO

Springfield City Commissioners voted Tuesday evening to approve a large tax-incentive program for its newest corporate resident, EF Hutton. 

The financial industry giant moved its headquarters to the city earlier this year, promising Springfield officials it will bring more than 400 jobs to the city over the next five years. The company estimates the hiring would amount to more than $24 million in annual wages to Springfield employees.

Lynze Hensley

With Thanksgiving Day under their belts and the holiday shopping season officially underway, holiday gift-givers will be out in force this weekend. While some shoppers will likely head to big-box retailers like Target and Walmart, local business owners are hoping some people will consider shopping small instead.

 

Small Business Saturday is a marketing campaign started in 2010 by American Express. Since then the idea has been embraced in all fifty states and supported by the federal government through legislation.

Mark Belokopytov / Flickr Creative Commons

At 4.8% for July, the Ohio unemployment rate is firmly in pre-recession territory, and the state is on a job-gaining trend. But that doesn’t give the full picture of how things are for working Ohioans, says the state’s leading labor policy issues think tank.

frankieleon / Flickr Creative Commons

A new report from the University of Cincinnati estimates Ohioans will be spending 4.2% more this holiday season than last.

 

U.C. economist Michael Jones says there are several reasons why the shopping season forecast is expected to be $600 million more than last year.

 

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