WYSO

Economy

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. 

EF Hutton executives stand in front of their new headquarters in downtown Springfield.
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.

 

UN Photo/Eskinder Debebe / Flickr Creative Commons

One of the common impressions we have about environmental issues is that there will always be a trade-off between economic growth and protecting the environment. University of Dayton professor Bob Brecha takes a look at new reports about the economics of avoiding climate change.

Flickr Creative Commons User Claudio Toledo

The three new data and cloud computing centers that Amazon is bringing to Ohio will affect shoppers in the state who use the site. 

Amazon buyers in Ohio beware – if you’re not paying state and local sales taxes on your purchases from the retailer now, as state law says you should, you will be starting Monday, June 1.

“If you’re buying an Amazon product, they’re going to start charging Ohio sales tax and collecting it right when you are checking out,” Gary Gudmundson with the state tax department said.

A Soft Steel Market Takes Its Toll On Ohio Employment

Mar 3, 2015
Rona Proudfoot / Flickr Creative Commons

The United Steelworkers union is awaiting word this week on exactly how many hundreds of people will be at least temporarily laid off in Lorain. U.S. Steel plans to shut down its Lorain tubular operations and lay off as many as 600 workers next week. It’s a drastic change from three years ago, when it seemed like projections for making steel tube couldn’t go high enough.

Patrick Gallagher, whose United Steelworkers district covers all of northern Ohio, says a soft oil-drilling market, strong dollar and ongoing battle over imports has changed a lot.

Ohio Governor John Kaisch's fifth State of the State speech took place at the Roberts Center in Wilmington Tuesday.
Lewis Wallace / WYSO

Governor John Kasich gave his fifth State of the State address in Wilmington Tuesday night. Kasich’s speech was something of a pep rally for his proposed two-year budget. He says since he’s been in office, he’s balanced the budget and created a surplus of $1.5 billion—now he wants to increase that margin. He’s also pushing for more income tax cuts for individuals and businesses.

The Kmart store in Springfield has closed. As a result of the store's closure, 68 jobs will be lost.
Wayne Baker / WYSO

The state of Ohio released local job and unemployment numbers Tuesday, and the news is looking good for Dayton and the state. In December 2014, the statewide unemployment rate dipped to a seasonally adjusted 4.8 percent, the lowest it’s been since 2001. The greater Dayton area was down to 4.5 percent, almost two percentage points lower than it was at the end of 2013.

Pages