economy

Tana Weingartner / WVXU

Kentucky Governor Steve Beshear is touring the commonwealth touting a top rating by Site Selection magazine. The award recognizes Kentucky as the top state for economic development projects per capita in 2014.

If you've been  to Over the Rhine lately, you know people are flocking  there on the weekends and increasingly during the week. New restaurants, new shops, and new apartments and condos are helping transform the urban core.

The subject came up during the 2015 Regional Economic Outlook at Eggs 'N Issues Tuesday at the METS Center. That's where members of the Northern Kentucky Chamber of Commerce and the Cincinnati USA Regional Chamber heard:

Michael Keating

  Joining us for a look at the business scene in and around Cincinnati are Chris DeSimio and reporter from the Cincinnati Business Courier, Steve Watkins.

In the second half of the show, they will be joined by Mark Motley from the investment firm of Foster & Motley to discuss the May numbers and the impact of mid-term elections on the markets.

Provided / University of Dayton

The Dayton Flyers' Men's NCAA basketball tournament run brought in more than just good press for the University of Dayton.

A study commissioned by two Dayton City Commissioners finds the team's unexpected success generated increased publicity for the city as well.

  The Center for Economic Analysis and Development (CEAD) at the Northern Kentucky University Haile/US Bank college of Business tracks and analyzes local, state and regional business, economic and demographic information in order to provide a clearer understanding of our area’s current economy. CEAD Senior Director Janet Harrah and local financial advisor Chris DeSimio  go over the latest numbers, and what they mean for our region’s future growth.

  Since the electronic virtual currency Bitcoin began circulating in 2009, it has garnered strong support, as well as serious concern, world-wide. Proponents of the crypto-currency point to its transparency and ease of use, while critics claim it is no more than a commodities bubble.

  If the winter weather isn’t enough to worry about, remember the April 15 tax filing deadline is now just six weeks away. Instructions for Form 1040 run 206 pages, the 1040EZ instruction booklet is 42 pages long. If you’ve already completed your return, congratulations, but if not, there are several changes to watch for this year.

The International Trade Administration (ITA) reports Ohio merchandise exports increased 3.9 percent from 2012 to 2013.

The organizations says exports grew to a record high $50.5 billion.

“Big export sales means more revenue which translate into economic growth and jobs for the Ohio,” said Marcia Brandstadt, Director of the U.S. Commercial Service in Cincinnati. “There is a great potential for more exporting—particularly among smaller businesses that have yet to sell abroad."

In a news release the ITA says:

The Cincinnati and Northern Kentucky regions' economy continues to bounce back from the recession that began five years ago, according to a new economic outlook report.

But the economic outlook report issued Wednesday said more can be done to pick up the pace.

The Cincinnati USA Regional Chamber and the Northern Kentucky Chamber of Commerce issued a report Wednesday that forecasts a two percent increase in gross regional product in 2014, compared to 1.4 percent this year.

Xavier University

Other than our former police chief, what does Detroit have that we don’t have? A group of Cincinnati leaders traveled to Detroit to get ideas from the city determined to pull itself up and out of bankruptcy. Sean Rhiney, director of The Eigel Center for Community-Engaged Learning at Xavier University, was part of the expedition and wrote about it for Soapbox Cincinnati.

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