The Economy & Business

The Economy & Business
12:20 pm
Wed September 17, 2014

Officials Work To Boost Ohio's Aerospace Industry

On Monday, U.S. Sen. Sherrod Brown (D-OH) joined Airbus Vice President of Procurement David Williams and U.S. Rep. Mike Turner (OH-10) at the National Composite Center in Kettering at the fourth procurement conference held between Airbus and more than 90 Ohio aerospace manufacturers and suppliers.
Credit Jerry Kenney

State leaders are making a push to increase business between the state’s aerospace industry and aircraft manufacturer Airbus.  Toward that effort, state officials says they met with more than 130 representatives from 90 Ohio businesses this week. 

In 2013, Airbus spent $6.1 billion in Ohio. That puts the state at the top of the list for the company’s US spending, and Vice President of Procurement for Airbus Americas, David Williams says they want to buy even more of their parts and supplies here in Ohio.   

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Agriculture
10:31 am
Tue September 16, 2014

Ohio Corn Could Be Piled High

Corn harvest
Credit United Soybean Board / Flickr/Creative Commons

The Midwestern corn harvest is just getting underway, and the region is predicting record corn crops. That means depressed prices for producers—and possibly, trouble with getting that corn where it needs to go.

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Jobs
12:00 pm
Fri September 12, 2014

State Faces Massive Unemployment Debt

A hearing in Clark County Tuesday brought state legislators and policy advocates together to strategize on addressing Ohio's unemployment debt.
Credit Wayne Baker / WYSO

Ohio legislators are trying to figure out how to pay down almost $1.4 billion in debt to the federal government for the state's unemployment fund. Ohio's Unemployment Compensation Study Committee held a hearing in Clark County Tuesday to address concerns about the fund. 

The state borrowed lots of money from the federal government during the Great Recession to make up for shortfalls in its unemployment fund. 

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Housing
11:25 pm
Thu September 4, 2014

Study: White Neighborhoods Get Better Treatment On Foreclosures Than Neighborhoods Of Color

An under-maintained home in primarily black part of West Dayton.
Credit Miami Valley Fair Housing

Cities in Ohio and around the country are continuing to recover from the housing bust, but some neighborhoods may be having an easier time than others. A new study by the National Fair Housing Alliance (NFHA) finds banks are doing a better job with upkeep on foreclosed homes in white neighborhoods than neighborhoods of color.

NFHA worked with groups in 29 metro areas, including Dayton and Toledo, to inspect thousands of bank-owned homes.

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The Economy & Business
11:21 am
Mon September 1, 2014

Ohio Labor Force At 34-Year Low

This Labor Day, there are a record low number of Ohioans in the labor force—fewer than there have been since October 1978. The Bureau of Labor Statistics reports just 59 percent of Americans 16 and over have declared that they are part of the labor force; in Ohio, that figure is just under 63 percent, a 34-year low. That’s not the only thing that has the progressives at Policy Matters Ohio worried. Amy Hanauer says the group’s annual Labor Day report also shows the state lost more than 2.3 percent of its jobs since 2005, while the country added 3.8 percent in that same period.

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