The Economy & Business

Music
4:41 pm
Thu August 29, 2013

Mumford And Sons Hits Troy With Economic Benefits And Mustaches

A mustache sculpture graces the front of a downtown Troy business. The town is bustling with activity in preparation for the Mumford and Sons tour.
Credit (WYSO/Lewis Wallace)

Miami County is preparing for a major tour stop by UK folk stars Mumford and Sons this weekend. The city of Troy, population 25,000, is anticipating an influx of 40,000 people and at least $12 million in new revenues for the region.

By Wednesday, downtown Troy was already overrun with semi trucks, workers, and, believe it or not, mustaches. Inside Hittle’s Jewelry, owner Jenny Nimer showed off her display of mustachioed jewelry, complete with what she called “bling.”

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The Economy & Business
8:04 am
Fri August 23, 2013

Dayton Racino Reports Problems Amid Site Cleanup

The company behind a southwest Ohio racino says the project should be finished by its target date next year, though demolition and cleanup work at the Dayton site is taking longer than expected.

An official from Penn National Gaming tells the Ohio State Racing Commission workers are taking extra time to clean up concrete slabs at the site, which is a former manufacturing plant. He says the project is lagging behind construction of another Penn National racino near Youngstown that doesn't involve industrial cleanup.

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The Economy & Business
12:04 pm
Thu August 22, 2013

Ohio Manufacturers Upbeat

Ohio manufacturers are largely feeling upbeat about their future, according to a couple signs.

This week, the Small Business Administration announced that it’s made nearly 130 loans to northern Ohio manufacturers in this most current fiscal year, which looks to be on par with 2012.  The total loans come to nearly 55-million dollars, well over twice the amount handed out in 2009 when the brunt of the recession came down on many regional companies and vendors.

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The Economy & Business
7:30 am
Thu August 22, 2013

Dayton Gas Prices Among Most Volatile In The Country

Credit Flickr Creative Commons User jcarlosn

Dayton ranks third in the U.S. for fluctuations in gas prices, following behind Fort Wayne, IN and Indianapolis, IN. A report by GasBuddy finds that the Midwest in general sees more of these steep price hikes. Dayton recorded a single day average price hike of $0.31.

But it’s not all bad news, according to Greg Laskoski, a petroleum analyst with GasBuddy.  For 171 days, the price of gas in Dayton actually decreased by a penny or more per gallon

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The Economy & Business
8:04 am
Fri August 16, 2013

Report Challenges GM Bankruptcy Pension Moves

A government inspector general says President Barack Obama's administration played a key role in the General Motors bankruptcy in 2009 as pensions were cut for salaried Delphi Corp. retirees but not unionized workers and retirees of the supplier.

The report issued Thursday stopped short of saying the administration's role was right or wrong. It made no recommendations.

About 20,000 Delphi salaried retirees - nearly half in Ohio - saw their pensions cut by as much as 70 percent during GM's bankruptcy.

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