The Economy & Business

The Economy & Business
7:04 am
Mon January 28, 2013

Ohio Bankruptcies Fall to Recent Low, Data Shows

Court statistics show the number of bankruptcy filings in Ohio last year fell to the lowest total since 2006. 

The Akron Beacon Journal reports experts point to several reasons for the drop, including mortgage lenders holding off foreclosure proceedings and people having so much financial trouble that they have no assets left to protect.

University of Dayton professor Jeffrey Morris, who's a member of the National Bankruptcy Conference, says increased awareness about the struggling economy also may make people more cautious financially.

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The Economy & Business
7:05 am
Thu January 24, 2013

City Leaders Clear Way for Dayton Racino

Dayton city officials have approved development plans for a $125 million racino on the former site of an automotive plant.

Construction is expected to begin this spring on the harness-racing track, which will include a 600-seat grandstand and 1,500 slots-like video terminals. It's being built on the site of a razed Delphi plant and is expected to open in mid-2014.

The Dayton Daily News reports that project is expected to create 1,000 jobs and another 1,000 during construction.

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The Economy & Business
8:04 am
Thu January 17, 2013

State Officials Optimistic About New Business Filings

State officials are looking optimistically at the number of new entities that filed to do business in Ohio in 2012.  It's the third year in a row the number of new business filings increased over the previous year. 

More than 88 thousand 'new business filings' came in last year, compared to 2011, in which just over 82,601 new entities filed with the Secretary of State, Jon Husted.

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The Economy & Business
8:04 am
Mon January 14, 2013

Company to Lay Foundation for Dayton Racino in April

A gaming company says it plans to start laying the foundation for a new horse racing track in southwest Ohio in April, if weather permits demolition and environmental remediation work remains on schedule.

Penn National Gaming Inc. plans to open Hollywood Slots at Dayton Raceway on the site of a shuttered auto plant. But the track still faces some obstacles.

The Dayton Daily News reports that the gaming company's applications to state commissions to relocate Raceway Park from Toledo to Dayton and to become a video lottery sales agent are pending.

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The Economy & Business
12:06 pm
Thu January 10, 2013

Honda Will Build Hybrid Accord in Ohio

Honda says it will start building a new hybrid Accord sedan at its plant in central Ohio this year. 

The auto maker announced today that it will invest 23 million dollars and add around 50 new jobs at the Marysville plant to build the 2014 Accord hybrid sedan.  The car will be the third Honda hybrid model built in North America and will go on sale nationwide this fall.

The 95,000-square-foot Marysville plant is being expanded to house assembly processes for the production of the two-motor Accord hybrid.

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