GE Aviation and the University of Dayton are holding a grand opening ceremony Friday for a $53 million research facility called the Electrical Power Integrated Systems Center, or Episcenter. The high-tech 138,000 square foot facility at UD's campus represents a new chapter for product development at GE and an economic boost for the Dayton region.
U.S. Senate and House negotiators are planning to provide as much as $90 million to keep the production line running at an Ohio tank manufacturing plant.
The money for the Joint Systems Manufacturing Center is included in the defense bill, which could get congressional approval as early as this week. It means Abrams tanks will continue to roll off the line at the nation's only tank manufacturing plant, in Lima, about 80 miles south of Toledo.
The Federal Aviation Administration is expected to make a decision soon about where to open up air space for the testing of commercial drones. Southwest Ohio is competing to become one of six sites around the country as the FAA prepares to regulate the commercial drone industry by late 2015.
The nation's unemployment rate could fall below 7 percent nationally in under two years, according to an economic forecast developed in Cleveland. This also means interest rates will likely stay low for a while.
Last month WYSO reported that an Illinois-based hedge fund had purchased about one in eleven homes in the town of Huber Heights. The company made national news by asking Montgomery County to reduce its property taxes by over a million dollars. Now the results are in—and they weren’t as hard on the local budget as expected.