The Economy & Business

The Economy & Business
4:28 pm
Fri April 4, 2014

Dayton Residents Call For “Robin Hood Tax”

Protesters in downtown Dayton wore Robin Hood hats.
Credit Lewis Wallace / WYSO

A group of protesters gathered in front of Ohio Congressman Mike Turner’s Dayton office Friday to call for the passage of a so-called “Robin Hood tax.” The demonstration is one of several across the country timed with the anniversary of Martin Luther King, Jr.’s assassination in 1968.

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State Budget
11:13 pm
Wed April 2, 2014

Governor Approves $27 Million For Miami Valley, But Rejects Springfield Parking Garage

Downtown Springfield buildings.
Credit Cindy Funk / Flickr

Governor John Kasich has signed the capital budget, a $2.4 billion funding bill for infrastructure and building projects at public facilities and schools around the state.

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Defense Industry
6:12 am
Wed April 2, 2014

Two Dayton-Area Companies Win Big Defense Contracts

The US Air Force has awarded a major contract to two Dayton companies, Matrix Research and Lion-Vallen Industries.

Dayton-area contractors are getting business despite cuts to the overall military budget.

Matrix Research develops sensors and high-tech materials—in this case, for stealth military aircraft. The company will get $45,085,000 to work on improving the the Air Force fleet through marginal technology upgrades; the award was announced Friday by the Air Force Institute of Technology based at Wright-Patterson Air Force Base.

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Jobs
6:25 am
Tue April 1, 2014

Tax Credits To Support 160 Factory Jobs In Miami Valley

Egg-cracking is one of three new jobs coming to Miami Valley under the latest Tax Credit Authority announcement.
Credit Beatrice Murch / Flickr

The Ohio Tax Credit Authority has announced  credits to help three different Miami Valley factories open or expand, adding up to 166 jobs.

Fecon, which already makes forestry equipment in Lebanon, is widening its plant floor and adding 25 jobs.

“We’re infiltrating markets that we previously hadn’t really had a presence so we sold recently to Russia, South America and Europe,” says Fecon CFO John Desczc.

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The Economy & Business
6:00 am
Mon March 31, 2014

Work Starts On Downtown Yellow Springs Hotel

Jim Hammond and his wife, Libby, are going in on the Mills Park hotel together.
Credit Lewis Wallace / WYSO

Work has started on a site for a new 28-room hotel, restaurant and banquet hall in the village of Yellow Springs. The project has a price tag of at least $4 million, but it’s not a standard big investment.

On a blustery afternoon in March, the owner of the future Mills Park Hotel is out chain-sawing—clearing up tree stumps from a big empty lot on Route 68 in downtown Yellow Springs.

“I’m a do-it-yourself kind of person,” says Jim Hammond, who is soft-spoken and covered in sawdust.

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