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Dayton Daily News
Dayton Business

RICH GILLETTE
Managing Editor
Tuesday, July 09, 2024
 
 

Good morning Dayton.

It’s more than six months into the business year. How is your business prospering this year?

Tom Gnau is on vacation this week and it’s my honor to bring you the latest business news and what it means for the Dayton region.

Contact me at rich.gillette@coxinc.com if you have an idea for a business story.

I can smell the barbeque and green onion chips already

Around Christmas in 2008 the last SUVs rolled off the assembly line at the General Motors plant in Moraine. Today, Fuyao Glass America operates out of the plant employing a couple thousand workers. JIM NOELKER/STAFF

Credit: JIM NOELKER

The smell of potato chips will be in the air in the next two years.

Work on the former General Motors paint shop facility on Springboro Pike that would pave the way for snack foods manufacturer Shearer’s Foods to move in could start as early as this fall.

Shearer’s is projecting it will spend a little more than $100 million on the project, according to city documents.

Shearer’s has 16 manufacturing facilities in Ohio, Texas, Arkansas, Arizona, Minnesota, Pennsylvania, Virginia, Iowa and in Canada, in Ontario and Alberta. It has a distribution center is in Massillon.

It aims to relocate an existing, out-of-state manufacturing location to Ohio. The project would roll out more than 162 jobs in 2025, with 44 positions expected in 2026 and 44 in 2027, Davis previously said.

May was good, but 2024 is not great for Dayton job growth so far

The Montgomery County Workforce Development Services hosted their Spring Job Fair Thursday, April 27, 2023 at the University of Dayton Arena. Job seekers had the opportunity to meet with nearly 150 local employers and explore a variety of jobs. MARSHALL GORBY\STAFF

Employers in the Dayton region stepped up hiring in May, and the local economy posted its highest monthly job gains since the fall of last year, according to preliminary federal labor data.

However, the local economy overall has lost jobs in the first five months of this year, and the region has cut workers or saw very weak job growth or no gains in about 11 of the last 16 months.

WHAT’S HAPPENING: “I think that Dayton, like the state, has ended its (pandemic) recovery and is now in this phase where it sometimes gains, sometimes loses jobs,” said Michael Shields, economist and senior researcher with liberal-leaning Policy Matters Ohio. “One important distinction is that Dayton has not fully recovered the jobs lost to COVID-19, but if you set aside the big growth areas (Columbus and Cincinnati), then Dayton looks very similar to Ohio overall.”

Inviting me to cookout is more expensive this year: I’m worth it

Gem City Market meat manager and butcher, Adrian Harris stocks the shelves Thursday morning September 21, 2023. The market has had a few tough years but plans to turn things around in the next few years. JIM NOELKER/STAFF

Credit: JIM NOELKER

Meats — specifically, ground beef, pork chops, and chicken breast — account for half of cookout costs, according to the American Farm Bureau. Ground beef is up 11% compared to 2023, largely due to the cattle industry becoming much smaller than in previous years.

GOOD NEWS: Chicken breast has declined in the past year, down from an average of $4.236 in May 2023 to $4.118 in May 2024, but prices went up close to 10 cents in May 2024 compared to the multi-year low of $4.060 in November 2023.

Quick hits

Tickets to see ‘Hamilton’ at Schuster Center on sale now: Here’s how to buy

Rookie has a blast in first start: Hinds shine in Reds debut

Oh my! Another roundabout: Greene County get’s the latest

What’s going on in Springboro? Shooting leaves neighborhood concerned

MORE BUSINESS NEWS
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The former 392,800-square-foot GM paint shop across the street from the Fuyao Glass America is being eyed by Shearer's Foods. In county records, the company said over three years it would create 250 jobs with an estimated payroll of $12.5 million. JIM NOELKER/STAFF
JUST IN: Construction at former GM paint shop could start this fall
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Fencing was being placed around the former First Church of Christ, Scientist, in the South Dayton Rubicon residential neighborhood near the University of Dayton campus Tuesday. Dayton has issued a wrecking permit for the site. THOMAS GNAU/STAFF
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