The Economy & Business

The Economy & Business
8:35 am
Thu February 28, 2013

Self-Employment Down in Ohio

Fewer Ohioans are going into business for themselves these days, with the number of self-employed in the state at its lowest level since 2001.

The Dayton Daily News reports that Ohio's level of self-employment is one of the lowest in the nation.

The newspaper says it's declined partly because traditional self-employment industries such as construction and real estate were devastated by the recession and have been slow to come back.

Also, some economists say the state's economy and job growth is concentrated in fields that are not ideal for self-employment.

The Economy & Business
6:30 am
Wed February 27, 2013

ReInvention Stories: Kimberly Collett

This week, Kimberly Collett tells how she re-invented a landmark Dayton restaurant: The Wympee drive-in on East Third Street. It was a burger place, open since in 1938, and it was closed for only one year before Collett re-opened it as Olive: An Urban Dive in 2011.

Collett brought a wide range of skills and experience to her business. She had backpacked across Europe, she’d been a caterer, a set builder, and an event planner. But when she became a single mom, she focused her considerable energy…

This ReInvention Story was produced by Liz Cambron.

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The Economy & Business
7:00 am
Mon February 25, 2013

Mortgage Settlement Benefited Over 7,000 Ohioans

A new monitor's report released this week shows that more than 7,000 Ohioans have gotten more than $280 million from the national mortgage settlement a year ago.

The report released this week by the Office of Mortgage Settlement Oversight summarizes data provided by the five mortgage servicers involved in the settlement: Ally, Bank of America, Citi, JPMorganChase, and Wells Fargo.

Settlement benefits included loan modifications, forgiveness and deficiency waivers.

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5:53 pm
Fri February 22, 2013

PoliticsOhio: Deadline To Avoid Sequestration Looms With Little Hope Of A Deal

There is one week left to avoid sequestration, or the automatic spending cuts that will take effect March 1 if President Obama and Congress cannot reach a deal. Wright-Patterson Air Force Base, area business and those in the defense industry are bracing for furloughs that could impact the 13,000  civilian employees, which could have a ripple effect on the local economy. Jessica Wehrman joins Emily McCord for this week's PoliticsOhio. She's a reporter for the Columbus Dispatch based in Washington, D.C., and her stories appear in the Dayton Dailys News.

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11:47 am
Thu February 21, 2013

Businesses Nervously Await Furloughs at Ohio Base

Business owners and officials of cities surrounding Wright Patterson Air Force Base say they are increasingly uneasy about possible furloughs brought on by sequestration.

Wright-Patterson Air could furlough up to 13,000 civilian employees for 22 days beginning in April if Congress and President Barack Obama fail to avert sequestration, or automatic defense and domestic spending reductions set to begin March 1st.

The Pentagon said Wednesday that those civilian employees could be notified by mid-March.

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