Business Stories for October 2010
Stories for Saturday, October 30
Workers in region's top industries worry about place in market
Education and health care make up more than half of statewide spending and Dayton is increasingly reliant on jobs in these fields that could be at risk as the state looks to trim an $8 billion budget deficit next year.More than one-third of all jobs in the Dayton area fall ...
Could reliance on tax-funded jobs hurt region?
DAYTON — In a region where manufacturing was once king, 36 percent of all jobs are now in what business leaders call “Meds, Eds and Feds” — or hospitals, schools and government-related jobs like those at Wright-Patterson Air Force Base.That’s up from 30 percent from just nine years ago, according ...
Financial exploitation of seniors estimated at $2.6 billion a year
A bank called Montgomery County Adult Protective Services concerning unusual activity in a 92-year-old man’s bank account. It was discovered he was writing checks totaling $2,000 a day to neighbors. He had signed the checks, but the neighbors were writing out the rest of them. More than $700,000 was lost. ...
Fewer seeking machinist training
DAYTON — Employers in precision machining need more skilled candidates, but not many students step forward for training in machining even though jobs are there.One difficulty may be parents who believe manufacturing jobs are a thing of the past, said Dale Frost, who oversees apprenticeships in the Miami Valley Career ...
Auction may revive Village of North Clayton development
CLAYTON — Once a dream that went bust in a bad economy, the Village of North Clayton project may revive itself following an auction Thursday to sell the remaining undeveloped land.The minimum bid for 67 acres of land as well as several residential and commercial lots is $650,000.The idea of ...
Machinists scramble for employees
With the economy improving somewhat, an age-old frustration is being felt anew — finding the right employees with the right skills.Local precision machinists and the educators who prepare students for those jobs are feeling the pressure.The frustration is especially keen given that local jobless rates are relatively high right now. ...
Centerville hot sauce company wins award
CENTERVILLE — A Centerville-based producer of hot sauces has captured a grand prize award for its product logo and label in a national spicy-foods competition, has hired a national sales director and predicts sales will catch fire in 2011.Crazy Uncle Jester’s is the brainchild of Jeff Stevenson of Centerville, the ...
Stories for Friday, October 29
Standard Register posts profit, seeks ‘market leading position’
DAYTON — Standard Register returned to profitability last quarter, a sign the company’s current strategy is working, company officials said Friday.The Dayton-based document services provider reported Friday a net profit of $1.4 million for the third quarter of 2010, or 5 cents per share, up from a net loss $5.5 ...
Officials to visit sites of bidders for GM Moraine plant
MORAINE — Officials with the city of Moraine and Motors Liquidation Co. confirmed today they plan to visit the locations of companies that are bidding to purchase the former General Motors Moraine Assembly Plant. “We’ll physically look at some of the projects they’ve done, talk to the government folks there ...
Standard Register continues toward ‘stability,’ profitability
Standard Register is returning to profitability, a sign of what company leaders say is “validation that our strategy is working.”The Dayton-based document services provider reported a net profit of $1.4 million for the third quarter of 2010, or five cents per share, up from a net loss $5.5 million, or ...
Stories for Thursday, October 28
Home sales fall; prices also on decline
Sales of existing homes in the area plunged last month, a fact real estate observers chalk up to ongoing pessimism over the economy and expiration of federal tax credits for homebuyers.In September, sales of single-family homes fell 21 percent to 773 homes when compared with September 2009. It was the ...
Company unveils ‘innovation center’ at Miamisburg plant
MIAMISBURG — Avery Dennison Corp. has unveiled its local customer demo site, the first of its kind companywide.The 2,000-square-foot, $200,000 center — dubbed the “customer innovation center” — is at the company’s facility at 170 Monarch Lane. It’s a place to show customers and prospects Avery Dennison technology, including Radio ...
New Air Force unit to help save money on goods, services
WRIGHT-PATTERSON AIR FORCE BASE — The Air Force on Thursday officially launched a unit intended to save the service up to 15 percent on the $10 billion it spends annually for goods and services for bases across the country. The Enterprise Sourcing Group, headquartered at Wright-Patterson Air Force Base, will ...
DPL’s third-quarter earnings up by 27 percent
DAYTON — DPL Inc., owner of Dayton Power and Light Co., said its third-quarter earnings increased by 27 percent to $86.4 million as hot weather kept air conditioners running and drove up electricity consumption. Earnings per share for the three months ended Sept. 30 were 74 cents, up 27 percent ...
Business, HR directors hired by private school system
DAYTON — The Dayton Christian School system has announced new members to its management staff.Beth Ney of Farmersville is the new human resources manager. She earned a bachelor’s degree in accounting and a master’s in international business from Wright State University. Prior to accepting this new position, Ney was employed ...
Stories for Wednesday, October 27
‘H2Open for business’ campaign wins marketing award
DAYTON — A Dayton Development Coalition marketing campaign promoting the region’s ground water resources as an attraction for economic development has received an award from a statewide association.The coalition said its “H2Open for business” campaign received the marketing recognition award Tuesday in Columbus from the Ohio Economic Development Association.The campaign ...
New housing development planned in Dayton
DAYTON — The city will acquire 25 vacant lots for a total of $30,000 to construct a housing development in the Roosevelt neighborhood, city officials said Wednesday. The acquisition is being done through a pilot program with Montgomery County that allows Dayton to buy vacant, tax-delinquent properties within four months, ...
Dry weather puts harvest ahead of schedule
DAYTON — Dry weather has put farmers far ahead of schedule in harvesting their crops this fall.As of Sunday, 77 percent of the region’s corn harvest was complete, compared to just 16 percent during the much wetter harvest of 2009, according to the U.S. Department of Agriculture’s National Agricultural Statistics ...
Reynolds and Reynolds names new president
KETTERING — Ron Lamb has been named president of Reynolds and Reynolds Co., the company said Wednesday. Lamb succeeds Rob Nalley, who was named vice-chairman. Both changes are effective immediately, said Reynolds, a provider of auto dealership management software and services. Lamb will report to Bob Brockman, Reynolds chairman and ...
Stories for Tuesday, October 26
Banks hit customers with higher fees
Consumers are paying higher fees than ever to use and maintain their checking accounts as banks try to counter losses from new federal regulations to curb excessive overdraft charges.Fees for ATM transactions, account maintenance and overdraft protection have all surged since new rules adopted under the Financial Reform Act took ...
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