By 1808Delaware
Apparently, local workers like the idea of foregoing a commute to the office.
The National Association of Realtors (NAR) recently set out to identify the best “Work from Home” Counties across the country. One it found was very, very close to home.
NAR’s 2020 “Work from Home” Counties report examines the current share of workers already working from home in more than 3,000 U.S. counties, along with several factors expected to support the remote work trend, including: internet connectivity, the percentage of workers in office-related jobs, home affordability, urbanization, and a county’s population growth
By 1808Delaware
Delaware City Council’s Finance Committee met on Wednesday afternoon to consider various items related to city monies.
Finance Director Justin Nahvi shared the June Financial Report with Committee members, which showed that as of June 15, income tax revenue was down about $1.3 million. This rebounded in July, as Nahvi later pointed out.
In looking a fund breakdowns, all four enterprise funds are relatively stable compared to 2019, he shared. As of the end of June, the City had $9.39 million on hand, and all accounts are reconciled as of that date. More…
By 1808Delaware
On Thursday, a new retailer arrived in Delaware County.
Friendship Kitchen, celebrating its 70th anniversary of its founding corporation with this first-ever convenience store in central Ohio, has historically been based in Lake Erie shoreline communities in the northern part of the state.
It was in 1986 that that corporation ventured into the retail business. More…
By: 1808Delaware, COhatch
COhatch, which may be the Midwest’s fastest growing co-working experience, is again in the process of opening more locations, this time in Cincinnati and Indianapolis.
The company currently has three Delaware County locations — The Newsstand located in the former Delaware Gazette building, and The Pub and The Hub, located at the Polaris Fashion Place Mall.
Here are details of the new locations courtesy of a COhatch press release and a trade journal article. More…
By: 1808Delaware
Retailer GNC has announced that it has filed for Chapter 11 bankruptcy and will close a significant number of stores.
This is taking place as the company pursues the sale of its business.
According to a press release, GNC shared that “With the support of its lenders and key stakeholders, the Company expects to confirm a standalone plan of reorganization or consummate a sale that will enable the business to exit from this process in the fall of this year.” More…
By: 1808Delaware Staff
In early May, we shared the news that the JCPenney Company was possibly closing up to one-quarter of its stores across the country in face of ongoing challenges and the impact of COVID-19.
This past week, the first stage in that process began with the announced closure of 154 JCPenney locations. The location at Polaris Fashion Place was not among them.
A release shared by the company on Thursday stated that the choice of which stores to close came “Following a comprehensive evaluation of its retail footprint and a careful analysis of store performance and future strategic fit for the company.” More…
Greif, Inc., a world leader in industrial packaging products and services based in Delaware, announced Tuesday that its Board of Directors has declared quarterly cash dividends of $0.44 per share on its Class A Common Stock, and $0.66 per share on its Class B Common Stock.
The dividends are payable on July 1, to stockholders of record at the close of business on June 18. More…
Business, Life in Delaware County
By: 1808Delaware Staff
The numbers were expected, however seeing them in black and white is unsettling.
On Wednesday, unemployment rates for Ohio’s counties and metropolitan areas were released by the Ohio Department of Job and Family Services.
On May 24, we shared information about Ohio’s overall unemployment rate, which stood at 16.8%. Some 823,700 fewer Ohioans had non-agricultural positions in April than in the previous month. More…
By: Marty Schladen, Ohio Capital Journal
Ohio officials have been drawing tight the state’s budgetary belt as they see revenue plummet due to coronavirus shutdowns. But hidden in the carnage is a pot of money they’ll have to use as they plan for the fiscal year that starts July 1.
Earlier this month, with April tax revenues far below what was budgeted, Gov. Mike DeWine announced $775 million in spending cuts for the remaining months of the fiscal year — $465 million to education, $210 million to Medicaid, and the remaining $100 million in cuts to be spread across other state agencies. More…
By: 1808Delaware Staff; Ohio Department of Job and Family Services
Ohio’s unemployment rate was 16.8% in April, up from a revised 5.8% in March. Ohio’s nonagricultural wage and salary employment decreased 823,700 over the month, from a revised 5,539,100 in March to 4,715,400 in April. More…
On Thursday, the Delaware County Board of Commissioners approved a resolution to establish a revolving loan fund for small businesses in the county and to contribute up to $2.5 million to the fund.
A number of township and city governments in the county also are considering contributing money to the fund, which will be administered by a local bank and will provide loans of up to $25,000 to small Delaware County businesses. Ryan Rivers, Chair of Delaware County Township Association is helping to secure township and local jurisdiction support. The loan money can be used to cover up to four months of rent, mortgage and/or utilities payments. More…
Delaware County, Delaware County Commissioners, Economy, Public Health
By: 1808Delaware Staff; Ohio Department of Job and Family Services
The economic slowdown continued to wreak havoc in Ohio during the week ending May 9 with an additional 51,125 Ohioans filing initial jobless claims, a report from the Ohio Department of Job and Family Services sharedthis week.
During the last two months, over 1.16 million claimants have filed in Ohio, and over $2.4 billion in unemployment checks have gone to almost 60,000 people. In typical years, the number of filings is a third of that amount. More…
