The Economy & Business

The Economy & Business
6:04 am
Thu January 9, 2014

Industry Lobbyist Pushes Revised Ohio Drilling Tax

A top lobbyist for Ohio's oil and gas drilling industry is urging state lawmakers to support a package of tax revisions advanced as an alternative to an earlier plan by Republican Gov. John Kasich.

At a packed hearing Wednesday, Ohio Oil and Gas Association executive vice president Tom Stewart supported a bill introduced last month. It would raise the severance tax rate on horizontally drilled wells by 1 percent, then 2 percent, while rolling back similar taxes on traditional wells.

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The Economy & Business
6:00 am
Thu January 9, 2014

A New Tenant For The Old GM Site? WYSO's Lewis Wallace Talks To Mike Davis With The City Of Moraine

GM's Moraine assembly was once an iconic Dayton-area employer. Now, most of the 4 million square foot complex sits empty.
Credit Lewis Wallace / WYSO

UPDATE: On Thursday morning, Ohio U.S. Senator Sherrod Brown told WYSO he expects an announcement on the new tenant for the Moraine Assembly Plant as soon as Friday. Click here for the news.

It’s been just over five years since General Motors left its giant plant in Moraine, taking the last thousand jobs with it and spelling doom for Dayton’s economy, which once ran on the jobs provided by major industrial manufacturers like GM and NCR.

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The Economy & Business
7:04 am
Wed January 8, 2014

Revenue For Ohio's Casinos Decreases In December

Revenues at each of Ohio's four casinos declined in December, leading to the worst statewide showing in the nine months that all four were open.

Figures released yesterday by the Ohio Casino Control Commission show casino revenue statewide declined 9.8 percent. The casinos are in Cincinnati, Cleveland, Columbus and Toledo.

The Cincinnati casino opened in March, and the others opened in 2012. The statewide December revenue of $63.2 million was the lowest full-month total with all four facilities open.

Unemployment
2:29 pm
Tue January 7, 2014

Ohio Senators Vote To Advance Unemployment Insurance Bill

Credit Lewis Wallace / WYSO

Both Ohio senators voted Tuesday to move ahead with debate on a 3-month, $6.4 billion extension of emergency unemployment insurance. Around 40,000 Ohio residents saw their insurance cut off at the end of December after congressional Republicans left the program out of a last-minute budget deal, and another 128,000 stand to get cut off sometime in 2014.

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Yellow Springs Economy
7:43 am
Mon January 6, 2014

Center For Business And Education To Be Discussed At Yellow Springs Meeting

The site of the potential business park at the edge of Yellow Springs.
Credit Lewis Wallace / WYSO

UPDATE: Yellow Springs Village Council meeting has been rescheduled due to safety concerns with the freezing weather. A new council meeting is set for Jan. 13 at 7 pm. 

Community members will be meeting Thursday, Jan. 9 at the YS Senior Center at 7 pm to discuss concerns with the project.

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