The Economy & Business

The Economy & Business
4:34 pm
Thu December 12, 2013

GE Aviation Opens New Research Center In Dayton

GE Aviation's Episcenter at the University of Dayton
Credit Courtesy of GE Aviation

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.

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The Economy & Business
6:35 am
Wed December 11, 2013

DealWill Keep Ohio Tank Plant Running

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 Economy & Business
4:35 pm
Tue December 10, 2013

Southwest Ohio Gears Up For FAA Decision On Drone Testing

Frank Beafore with one of the drone models designed at SelectTech Geospatial in Springfield.
Lewis Wallace WYSO

Click here for the extended story on American Public Media's Marketplace.

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.

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The Economy & Business
7:35 am
Tue December 10, 2013

Federal Reserve Bank Projects Unemployment

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.

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The Economy & Business
6:00 am
Mon December 9, 2013

Hedge Fund-Backed Rental Company Wins Back $184,000 From Huber Heights City Budget

Property values in Montgomery County have declined since the Recession, making purchases like the Huber Homes cheaper for investors.
Credit Lewis Wallace / WYSO

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.

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