The Economy & Business

Business & Technology
5:08 pm
Mon July 11, 2011

ITT to Acquire YSI Incorporated

ITT Corporation has announced it will acquire YSI Incorporated.

Both companies manufacture technology used for environmental water monitoring. The merger was announced in a joint statement today.

Gretchen McClain, president of ITT's Fluid and Motion Control business, says the addition of YSI will complement ITT's existing business.

Business & Technology
4:45 pm
Mon July 11, 2011

Springfield Adding Retail Buildings for Redevelopment

Springfield is adding another piece to its citywide redevelopment plans, as city commissioners have approved turning five acres of green space into two 8,400 square foot restaurant and retail buildings.

Commissioners will allow the development to take place at the site of the former Roosevelt Middle school on North Limestone Street. The new development will be called the Limestone Center and will be built by PGI Development of Powell, Ohio.

PGI will also build two office buildings behind the restaurant and retail space, which will be a combined 30,000 square feet.

Business & Technology
4:32 pm
Wed June 22, 2011

New Business Coming to the Upper Valley Mall

Springfield's Upper Valley Mall has struggled to survive in the past decade, but a new mega shoe store may give the shopping center a much needed boost and bring more jobs and tax revenue to the local economy.

"The store is called Encore, and the space itself is 31,500 square feet.  So it's going to be the largest shoe store in the state of Ohio," says Brenda LaBonte, manager of the Upper Valley Mall.  She says the store will bring thousands of shoppers and employ between 20 and 100 people.

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Business & Technology
4:32 pm
Wed June 1, 2011

Greater Springfield Chamber of Commerce Holds Job Fair

Two new companies are coming to Springfield, one is an insurance firm and the other sells gift items.  Between the two of them, hundreds of the jobs could be coming to Clark County.  That's why the Greater Springfield Chamber of Commerce, along with the Workforce Development Center, is holding a job fair tomorrorw to connect job seekers with employers.

With an 8.9% unemployment rate, Springfield's lackluster economy has made it hard to fine a job. But the situation is changing thanks to the arrival of 31 Gifts and Code Blue, and the growth isn't limited to these companies.

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The Economy
5:10 pm
Thu May 19, 2011

Cycling Summit Touts The Economics Of Cycling

The second Miami Valley Cycling Summit takes place Friday. This focus of this year's event is the economic impact of cycling in a community. According to the Miami Valley Regional Planning Commission, the bike trails in the region attract 1 million visitors, and those people spend 16 million dollars on goods and services related to their use of the trails every year. Andy Williamson is organizing the event, and he says communities also see a ripple effect when they include cycling in their economic plan.

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