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Economy

Ohio minimum wage to increase in 2024

in Community/Economy/Local News

COLUMBUS — Ohio’s minimum wage is scheduled to increase on Jan. 1, 2024, to $10.45 per hour for non-tipped employees and $5.25 per hour for tipped employees. The minimum wage will apply to employees of businesses with annual gross receipts of more than $385,000 per year.

The current 2023 minimum wage is $10.10 per hour for non-tipped employees and $5.05 per hour for tipped employees. The 2023 Ohio minimum wage applies to employees of businesses with annual gross receipts of more than $372,000.

Continue Reading on The Delphos Herald

Columbus attracting an influx of tourists and their money

in Community/Economy/Local News

COLUMBUS, Ohio (WCMH) — You’ve heard the saying “Columbus is the best place to work, live and play.”

But new data from Experience Columbus shows it is also one of the best places to visit.

Tourism officials said visitor numbers grew by around 16 percent in 2022 and is on track to keep increasing this year and next.

Continue Reading on NBC4

Columbus’ Goodwill facility will be a hub to train for broadband building jobs in Ohio

in Community/Economy/Local News/People

COLUMBUS, Ohio (Statehouse News Bureau) — It’s estimated that 32,000 jobs will be needed to build out a broadband network throughout Ohio. And to get to that goal, the state is partnering with a business best known for its thrift stores.

Goodwill Columbus cut the ribbon on its new job training center Monday, where free, broadband-related job training will be offered, thanks to $800,000 in funding from the new state budget.

Another $7,000 is available to people with disabilities for college, job training or credentialing programs, said Kevin Miller, director of Opportunities for Ohioans with Disabilities.

Continue Reading On WOUB

 

Columbus gas price decline wipes out previous week’s rate hike

in Community/Economy/Local News/Transportation

COLUMBUS (WCMH) – The ebb and flow of gas prices continues as Columbus motorists experienced a decline in gas prices last week, nearly erasing the previous week’s rise in rates.

GasBuddy is reporting that the average price for gas in Columbus dropped by 8.5 cents, to $3.54 a gallon. That price is 12.9 cents less expensive than a month ago, and 5.9 cents higher than this time from one year ago.

Continue Reading on NBC4

Here’s what you need to know about the $1.74 billion Columbus City budget plan

in Economy/Local News

COLUMBUS, Ohio — Mayor Andrew J. Ginther has proposed a $1.74 billion investment in public safety and critical neighborhood infrastructure. The 2023 Capital Budget includes $1.1 billion in new funding dedicated to building safe communities.

“There are many many neighborhoods throughout our city they’re going to see themselves in this capital budget. They’re going to see things that are going to make life better,” said Mayor Ginther.

Those neighborhoods include the far South Side, which will see more than $1 million for improvements to the Marion Franklin Park for things like lighting and a new swimming pool.

Continue Reading On 10tv

How Columbus’ Downtown skyline could soon change

in Community/Economy/Local News

COLUMBUS, Ohio (WCMH) — At least half a dozen new apartment buildings pitched in place of surface parking lots and aging buildings could be etched into the near-future plans for Downtown Columbus.

Between two meetings, six proposals have appeared on the Columbus Downtown Commission’s agenda for mixed-used and residential buildings ranging from five to 19 stories — some requiring the demolition of existing buildings. Three of those six proposals will be heard at the Tuesday meeting of the commission, which reviews and OKs project applications for any development in city limits.

A proposed 15-story, mixed-use building on South High and South Wall Street — just down the street from the Columbus Commons — would require two existing condemned buildings to be demolished, according to an application by developer Town High Plaza. The historic Ohio National Bank, which sits next door, would be restored to serve a retail use as part of the project.

Continue Reading On NBC4i

Columbus gas prices drop a dime heading into Memorial Day weekend

in Economy/Local News

COLUMBUS, Ohio (WCMH) – According to Patrick De Haan, gas prices should see a slight increase heading into Memorial Day weekend, but only after the average price of gasoline dropped nearly a dime last week.

De Haan, head of petroleum analysis at GasBuddy said, “I continue to be optimistic that the national average will remain under $4 per gallon for most of, if not the entire summer, with Americans spending a combined $1.6 billion less on gasoline over Memorial Day weekend this year compared to last.”

Central Ohioans spent 9.7 cents per gallon less for a gallon of gasoline last week, with the average price setting in at $3.54, which is also 2.4 cents lower than one month ago and 91.1 cents lower than one year ago.

Continue Reading On NBC4i

Study shows increase in Ohio economic competitiveness

in Community/Economy/Local News

COLUMBUS — Ohio business leaders and economics experts recently unveiled data showing Ohio’s economic competitiveness has improved in the last five years, jumping from 24th most competitive among the 50 states in 2018 to 13th in 2023.

The study, led by economists Dr. Timothy Nash of Northwood University and Dr. Jing Li of Miami University, also identified several issues deserving future attention.

“This study shows Ohio’s competitive standing jumped from 24th in 2018 to 13th in 2023 among all 50 states,” said Nash noting  “gains primarily generated by improvements in Ohio’s tax structure, a drop in Ohio state debt per capita, an improved opinion of Ohio’s business climate among national business leaders, dramatically improved auto insurance rates and several tax rate reductions.”

Continue Reading on Crescent News

Why Columbus is becoming a tourist destination

in Community/Economy/Local News

COLUMBUS, Ohio (WCMH) – It’s spring in Columbus, and for people who live and work in the area, there’s plenty to do and see, but the city is also gaining attention as a tourist destination.

“We have had so many amazing travel writers come into Columbus and experience the city, the destinations, all we have to offer,” said Sara Townes, chief marketing and innovation officer for Experience Columbus.

In fact, Forbes recently published a story calling Columbus a “hidden gem,” and they aren’t the only ones taking notice.

Continue Reading on NBC4

Sbarro opens over 100 restaurants worldwide in 2022 with major development plans ahead

in Economy/Food/Local News

COLUMBUS, OhioDec. 29, 2022 /PRNewswire/ — Sbarro is pleased to announce that with the opening of its two newest restaurants in the Philippines and in Missouri on Thursday, December 22nd, it has exceeded 100 new restaurant openings in 2022, the most in one year in their 65-year history! In addition to the 100 new restaurants, Sbarro celebrated several other milestones this year including opening its 200th domestic franchise restaurant, it’s 300th International franchise restaurant, it’s 500th franchise location and they introduced its Original XL New York Pizza to three new countries including PolandGeorgia, and Northern Macedonia.

“I am so grateful for the faith and trust of our franchisees and our corporate and field teams that have made these milestones possible,” said David Karam, Sbarro CEO. “With our focus on the Impulse Pizza segment, we’ve been able to feature or Pizza by the Slice and Strombolis to drive customer loyalty.  By honing in on our key points of differentiation, it’s opened the doors to numerous new venues for growth including military bases, theme parks, C-stores, train stations and travel centers. I’m especially proud that our openings have been so balanced worldwide with half coming in the US and half in the now more than 25 countries we operate in.”

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