Business, Life in Delaware County

Delaware County, Area Unemployment Rates Climb

28 May , 2020  

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…

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Life in Delaware County

Amid Budget Wreckage, A Bright Spot For Ohio

25 May , 2020  

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…

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Business

Ohio Unemployment Rate Stands At 16.8 Percent

24 May , 2020  

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…

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Delaware County

Commissioners Create Small Loan Fund

19 May , 2020  

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…

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Life in Delaware County

Ohio Unemployment Rolls Continue To Grow

16 May , 2020  

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…

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Delaware

Delaware’s COVID-19 Financial Impact Slowly Beginning To Emerge

15 May , 2020  

By: 1808Delaware Staff

The unpredictability of the COVID-19 pandemic, and the uncertainty of the economy in times such as these, makes it difficult to create precise financial predictions.

Nevertheless, as the pandemic has now had several weeks of impact, members of Delaware City Council’s Finance Committee received some indications at their meeting on Wednesday about the possible impact on City finances, at least as of the end of April.

Finance Director Justin Nahvi reviewed the City’s major funds for the Committee. In each, he shared observations on what those numbers indicate in terms of impact. More…

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Business

JCPenney Declaring Bankruptcy; Possibly Closing One Quarter Of Stores

11 May , 2020  

By: 1808Delaware Staff

Reuters and other sources reported over the weekend that JCPenney is planning to declare bankruptcy and is considering closing 200 of its stores.

According to the Reuters article, which can be accessed here, the current woes of the retailer are tied to the coronavirus pandemic, although there were operating concerns before that.

JC Penney traces its origins back to 1902, when James Cash Penney opened his first store in Kemmerer, Wyoming. More…

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Business

Delaware County Unemployment Rate Falls Again

1 Feb , 2020  

When the Ohio Department of Job and Family Services released unemployment rate data earlier this week, Delaware County saw its rate fall below 3%.

The 2.8% rate in December was the lowest in the Columbus metropolitan region, just a tenth of a percent below that of adjacent Union County. The rate the month before was 3.0%, and a year before it was at 3.5%. More…

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Business

County Again Has Lowest Unemployment Rate In Central Ohio

6 Jan , 2020  

The neck-and-neck race between Delaware and Union Counties for the lowest unemployment rate in Central Ohio has Delaware County claiming the title for the November 2019 Civilian Labor Force Estimates, released monthly by the Ohio Department of Job and Family Services.

Ohio’s unemployment rate was 4.2 percent in November, unchanged from October. Ohio’s nonagricultural wage and salary employment increased 6,700 over the month, from a revised 5,591,300 in October to 5,598,000 in November 2019. More…

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Business

Ohio’s New Broadband Strategy: How Does Delaware County Compare?

23 Dec , 2019  

InnovateOhio, under the direction of Lt. Governor Jon Husted, released the Ohio Broadband Strategy this past Thursday.

The document serves as a comprehensive plan for aggressively expanding and enhancing the state’s broadband network. If approved by the U.S. Department of Agriculture (USDA), it will also qualify local governments in Ohio to receive 20 additional points on applications for federal ReConnect funding. Finally, InnovateOhio is working with Connected Nation Ohio to produce a series of broadband availability maps, each with interactive GIS map layers, allowing journalists, researchers and legislators to zoom in and explore them directly. More…

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Business, Polaris Area

Polaris Office Building Reportedly Sold, Has New Tenant

15 Dec , 2019  

Columbus Business First reported this week that the three story office building at 8740 Orion Place has sold to Brad Kitchen of Alterra Real Estate Advisors with a price tag of $4.9 million.

The Business First article can be read here.

The building will house a relocated MAXTech Agency and its 15 employees. According to its website, the company is involved in web design and development, digital marketing, and IT managed services.

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Delaware

Delaware Council Considering $25 Million Budget

1 Dec , 2019  

This is the time each year when local government makes the best educated guess about revenue and expenses for the coming year.

In the case of the City of Delaware, that means consideration of the largest budget in the city’s history. More…

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