Dayton business prices grow
The company that acquired Standard Register, the century-old Dayton business, has kept its promise to keep it in Dayton for now.
Taylor Communications, a subsidiary of the very private Minnesota-based Taylor Corp., announced last week it would move hundreds of its 700 workers into what is known as the 111 building on First Street in downtown Dayton.
The print and digital communications company said it will relocate some of its workforce from its Albany Street buildings located near Interstate 75 and U.S. 35 into the 11-story building at 111 W. First St. The company will occupy eight floors in the building, with plans to move in this fall.
The move is a big win for Dayton and is consistent with what Taylor Communications said when it acquired Standard Register in 2015 during its bankruptcy process.
Although the incentives have not been announced, but the city and the state are kicking in money to help the company with its move and to keep its high-paying jobs here.
Reporter Cory Frolik reported the move will add to the 21,000 jobs already in the Central Business District and Webster Station while also returning a notable downtown office tower to productive use.
A record number of businesses were bought and sold in Ohio and across the nation in the early months of 2017, according to BizBuySell’s 2017 Q1 Insight Report. The Dayton area stacked up well in business acquisitions.
According to the BizBuySell. com report:
Median asking price of businesses for sale in Dayton at the beginning of 2017 was $225,000 compared to $197,000 at the end of 2016.
Businesses listed in Dayton at the beginning of 2017 had a median revenue of $437,000 up from $412,500 at this same time last year Q4 2016.
Median cash flow for Dayton businesses is $95,000.
Testing out Sundays
Starting in June, the 2nd Street Market in downtown Dayton is testing out Sunday hours.
If you have not been to the farmers market on Second Street, a few blocks away from the home of the Dayton Dragon’s Fifth Third Field, I would recommend it.
Three out of four market vendors have committed to opening on Sundays during a 13-week pilot program that starts at the beginning of June, Jimmy Harless, manager of the 2nd Street Market, told reporter Cory Frolik.
Most of the market’s major vendors will be open for business, and every type of seller will be represented on Sundays, including three outside farmer vendors.
Some vendors who plan on being open on Sundays include Caffeine Carl, the Flowerman, KJB Farm, the Olive Tree, the Chef Case, Crepe Bohème, Spice Rack & Bulk Foods, Cheeky Meat Pies, Tim’s Gifts N More, New World Alpaca Textiles, Dayton Urban Green, Animal Snackers Bakery, Arepas & Co. Express and Azra’s Mediterranean Cuisine.
President Donald Trump’s tax plan leaves much of the heavy lifting to Congress, while ignoring years of hard work by the guy who will have to do a lot of that lifting: House Speaker Paul Ryan.
The one-page proposal outlined by the Trump administration last week has something for everyone — massive tax cuts for businesses and a bigger standard tax deduction for middle-income families, lower investment taxes for the wealthy, and an end to the federal estate tax for the superrich — like the president and his family.
The changes to the tax code are the most concrete guidance so far on Trump’s vision for spurring job growth and fulfilling his promise to help workers who have been left behind by an increasingly globalized economy.
“He understands that there are a lot people who work hard and feel like they’re not getting ahead,” said Gary Cohn, director of the White House National Economic Council.
But Trump’s proposal lacks the hard details about making the tax code simpler and more efficient in ways that don’t add to the federal government’s mounting debt. These are key Republican goals that would require lawmakers to eliminate or reduce precious tax breaks enjoyed by millions of Americans.
“That’s the heavy lift,” said Rep. Dave Brat, R-Va.
Rep. Chris Collins, R-N.Y., said, “There’s no question, when you lower the marginal rates, you’re going to have to take away a lot of the deductions.”
When President Donald Trump this month signed legislation that repealed Federal Communication Commission privacy protections for Internet users, the principals behind Dayton-based Internet services firm DataYard had a simple message:
DataYard will not sell customer information. Period.
As much as they opposed the legislation, DataYard principals (and father and son) David and Alek Mezera, say they saw the government’s move as a chance to distinguish their company.
“They (other companies) can collect it, they can store it for indefinite periods of time and they can do what they see fit with it, when they decide to do so,” said Alek Mezera, the younger Mezera and the company’s director of client partnerships.
“We will not collect it,” said David Mezera, company president. “We will not keep it for any longer than is necessary to deliver the services we deliver.
“We’re absolutely not interested in monetizing that information.”
The federal privacy rules would have taken effect this year. Enshrined by the previous administration, they would have banned Internet providers from collecting, sharing and mostly importantly, selling user information without consent.