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Dayton Business Journal
Startup group names local woman inaugural 'Entrepreneur of the Year'
Aviatra Accelerators has crowned its inaugural Woman Entrepreneur of the Year – a nod reserved for a longtime local business owner, podcast host and motivational speaker. <\p> The awards program, first announced by the Covington, Kentucky-based startup and entrepreneurship support group in July, also included categories spanning tech, health and more. Aviatra unveiled the winners during its annual Flight Night celebration Sept. 5 at the 20th Century Theater in Oakley.<\p>
Dayton nonprofit director to vacate role after 15 years
A long-time nonprofit leader in the Dayton region will be stepping down from her role.<\p> This will create a new opportunity for someone to continue the legacy of an organization that has been feeding the Dayton community for over 40 years.<\p>
DBJ names 2024 Regional Leader of the Year honoree
The Dayton Business Journal will recognize the 20th Regional Leader of the Year award as part of the 2024 Business of the Year program.<\p> This year’s honoree is Scott McGohan. McGohan recently retired as chairman and CEO at Kettering-based McGohan Brabender, a growing insurance brokerage firm. During his career, McGohan held leadership roles across several organizations. McGohan is founder and mentor of Mentors Matter summer camp, which serves inner-city youth in Dayton. He is also a former board member of DDC, Crayons to Classrooms and Coastal Pet.<\p>
How CRE will benefit from interest-rate cuts
The long-awaited cut in interest rates that came last week was largely celebrated by commercial real estate investors and developers, with many saying the news signals a much-needed turning of the tide for the industry. <\p> The Federal Reserve on Sept. 18 said it was lowering the target range for the federal funds rate by half a percentage point, a more aggressive cut than many industry watchers were expecting for the Fed's September meeting. The cut is widely expected to unlock liquidity in commercial real estate financing and, in some cases, spur deals that were unable to pencil even just a week ago.<\p>
Well-known chicken chain eatery plans next Dayton location (See where)
One of the most popular fast-food chains in the country is eyeing its next regional site. The proposed location would sit near one of the region's largest developments in recent Dayton history.<\p> A proposed Chick-fil-A might soon be coming to Miami Township. The proposed restaurant would be located at 10322 Springboro Pike and will span 5,000 square feet. <\p>
Largest Dayton-Area Minority-Owned Companies
The Dayton Business Journal recently released its annual Minority-Owned Companies List. Companies on the list are majority owned by a minority owner.<\p> Businesses on the list sharing revenue reported a cumulative 2023 revenue of $967.8 million. The number drops to $592.9 for contributors in the top 10 alone.<\p>
Dayton-area career center to boost offerings with expanded facility
A local career tech school is working to create the next wave of skilled workers.<\p> The Miami Valley Career Technology Center is working to equip junior and senior high school students with training in several in-demand skilled trades. The only problem is the demand for these skills is so high the CTC and other similar schools are running out of space for students.<\p>
U.S. mortgage rates again drop lower (See more)
U.S. mortgage rates fell to their lowest levels in nearly two years. That's the word from Freddie Mac, which released its latest data.<\p> Freddie Mac reports the 30-year fixed mortgage rate averaged 6.09% for the week ending Sept. 19 — down from 6.20% last week. A year ago, mortgage rates averaged 7.19%.<\p>
Two regional counties named most tax friendly for retirees (See where)
Retirement brings a new host of challenges, experiences and financial shifts.<\p> Within their specific set of financial concerns, retirees have great interest in whether Social Security benefits are taxable at the state level, what property taxes will be levied and how retirement account and pension withdrawals are taxed.<\p>
President of local college shares impacts of AI on design industry
The president of a small local college opens up on AI’s potential impact on design and the university's recent growth.<\p> The Modern College of Design in Kettering last week said it plans to create two new programs with a focus on video and motion graphic design and user experience design. These new programs were created from a growing need in the design and marketing community, said Jessica Barry, college president.<\p>
State to invest in new Springfield health center to ease strain
In response to long wait times for primary care services and other strains impacting health care in Springfield and Clark County, Ohio Gov. Mike DeWine said the Ohio Department of Health (ODH) will work alongside the Clark County Combined Health District to open a mobile health clinic in Springfield next week.<\p> Officials will then work together to transition the mobile clinic to a permanent location to serve patients. This comes amid the national spotlight pointing at Springfield as the community grapples with managing large numbers of migrants from Haiti.<\p>
Dayton county to utilize slice of $18M for neighborhood revitalization
Nearly three dozen communities across Ohio will leverage funding to complete critical infrastructure and neighborhood improvement projects. Once regional county seeks to use its funding to enhance quality of life for thousands.<\p> More than $18.2 million in Neighborhood Revitalization and Critical Infrastructure grants will be awarded to 34 communities for necessary projects. Funded projects include upgraded water and sewer infrastructure, road and sidewalk replacement, park improvements, recreation enhancements, new fire trucks and more. <\p>
Specialty sandwich shop coming soon to Wright Dunbar District
Following the success of one eatery in Dayton, a local couple is embarking on their next journey to bring specialty sandwiches and desserts to a growing west Dayton district. <\p> LaShawn and Shafton Greene will soon open Haymarket Deli & Sweets in Dayton's historic Wright Dunbar District. The restaurant will reside in the 1100 block of W. Third St. <\p>
Dayton skilled trade workers: high in demand, short in supply
Another workforce shortage is growing in the Miami Valley, but work is being done to curb this growth. <\p> Skilled trades such as carpentry, welding, electrical wiring, and plumbing lack the necessary manpower to keep up with an ever-growing demand. The amount of work coming into the Miami Valley is unprecedented, said Todd Weigandt, CEO and president of Area Energy & Electric Inc. <\p>
Newly filed bill aims to repeal lucrative small-business tax credit
The potentially lucrative Employee Retention Credit is, once again, the target of a repeal effort. If successful, it would roll back many claims made this year.<\p> U.S. Sens. Mitt Romney, R-Utah; Thom Tillis, R-N.C.; and Joe Manchin, I-W.V., on Sept. 18 introduced the Employee Retention Tax Credit Repeal Act, which would end the credit for any claims submitted after Jan. 31, 2024, which, they say, would help save about $79 billion over 10 years. <\p>
Inflation is no longer the No. 1 concern for business executives
Editor’s Note: Welcome to The Playbook Edition, a look at stories, trends and changes that could affect your business. Want more stories like these in your inbox? Sign up for The Playbook newsletter. <\p> Inflation has been the chief concern for business executives for most of the year, but as we approach the fourth quarter, that appears to have changed. That doesn't mean, however, an overall positive economic outlook has taken hold.<\p>
Booming Dayton tech firm leaders share insights
A local CEO addressed his company's growth and future expansion plans.<\p> Rushlight Assets — parent company of aerospace and defense giant CRG — currently is expanding its footprint near its main facility in Miamisburg. The company has seen significant growth over the last seven years, nearly doubling its revenue, said President Christopher Hemmelgarn. DBJ caught up with Hemmelgarn and Patrick Hood, the founder and CEO of Rushlight Assets and CRG.<\p>
Just In: Here’s how Dayton home sales fared in August
Dayton-area home sales slowed their brisk pace last month. That’s the verdict from Dayton Realtors and its monthly report. <\p> August sales tallied 1,300, which was unchanged from the same month last year, yet ended a consecutive streak go monthly year-over-year gains.<\p>
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