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Dayton ranks 10th for STEM job share

Dayton ranks 10th among the nation’s large metro areas in the percentage of high-paying jobs that require science, technology, engineering and math skills, a study released today by the Brookings Institution has found.

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German manufacturer chooses Mason for $50M center

When all work is complete, German-based manufacturer Festo Corp., makers of electric automation and pneumatic technology, will have its largest U.S. location in Mason, Ohio. The 175,000-square-foot regional service center will employ about 250 people, making it larger than the company’s Hauppauge, N.Y., headquarters, president and CEO Richard Huss said.

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Dayton Business Journal rounds out 40 under 40 Hall of Fame

The Dayton Business Journal has named four new members of its 40 Under 40 Hall of Fame.

2011 marked the addition of the Hall of Fame to the 40 Under 40 awards program and was designed as a way to further honor those past winners who have continued to grow within their careers and have a positive impact on the local community.

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NASA partners with Ohio non-profit on unmanned air challenge

NASA has selected Development Projects Inc. of Dayton, Ohio, to manage a new Centennial Challenge prize competition involving unmanned aircraft systems in 2014.

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University of Dayton announces $30 million in new construction

The University of Dayton’s Science Center, library and other buildings are the target of nearly $30 million in work being done this summer.The work is part of UD’s investment of approximately $155 million in its campus in recent years. The private Catholic school has doubled its land footprint in the last 10 years.

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GE Aviation to spend $200 million in Ohio

GE Aviation said Friday it is investing $200 million over the next three years in its Ohio operations, including Evendale, Peebles and the Dayton area.

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Middle-market companies from Ohio choose open innovation to achieve competitive advantage

NineSigma, Inc., of Cleveland, the leading innovation partner to organizations worldwide, today announced several new clients they will work with under the Ohio Third Frontier Open Innovation Incentive (OII) Program. As part of the program, NineSigma received a grant from the State of Ohio to help middle market companies, with revenues between $10 million and $1 billion, leverage Open Innovation strategies.

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Ohio declares STEM education, entrepreneurship economic cornerstones

Johnathan M. Holifield, NorTech’s Vice President of Inclusive Competitiveness affirmed, “This potential game-changer for Ohio is an economic competitiveness imperative.  Ohio must cultivate a larger, more diverse and inclusive STEM pipeline to produce more job-creating entrepreneurs.  This program will accelerate those efforts.”

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Ohio ranked second in auto parts jobs

Motor vehicle parts manufacturing is the largest source of manufacturing jobs in the United States, according to a study released Monday by the Motor & Equipment Manufacturers Association.

The industry directly employs more than 734,000 American workers and generates nearly $355 billion toward the gross domestic product, 2.3 percent of total U.S. GDP, the report said. The study was conducted with IHS Inc., a provider of analytics.

In Ohio, 89,423 workers are employed in making auto parts, making the state second to only Michigan, which has 102,624 workers directly employed in the industry, according to the association. Indiana was third with nearly 80,000 workers.

“With a presence in all 50 states, this industry is important to the health and success of American manufacturing and to the future of this country,” Bob McKenna, the association’s president and chief executive, said in a press release on the study.

In the Dayton area, companies like DMAX in Moraine, Tenneco in Kettering, Behr Thermal Products in Dayton, Ahresty in Wilmington and many others work for the auto industry, supplying General Motors nationwide or Honda in Ohio, among other original equipment manufacturers.

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Ohio science, tech groups target youth innovation

A new scholarship program is being launched to encourage Ohio students to become high-tech inventors and entrepreneurs.

Believe in Ohio will be a youth commercialization and entrepreneurship program offering incentives for achievements in science, technology, engineering and mathematics (STEM).

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Number of new businesses filing with state hits record

A record number of companies and organizations filed to do business in the state of Ohio last year, Secretary of State Jon Husted’s office said.

In all, 88,068 new entities filed to do business last year.

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The crowdfunding crowd is anxious

To its advocates, crowdfunding is a way for capital-starved entrepreneurs to receive financing that neither big investors nor lenders are willing or able to provide. To others, it represents a potential minefield that could help bad businesses get off the ground before they eventually fail, and in some cases could even ensnare unsophisticated investors in outright fraud.

Those fears are partly why the Securities and Exchange Commission has delayed rules allowing crowdfunding that were supposed to take effect this month as part of the JOBS Act (Jump-Start Our Business Start-Ups), signed by President Obama last April. The S.E.C. is wary of loosening investor protections that have been in place since the 1930s.

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dayton in top half of U.S. for pace of economic recovery

An improving jobs picture and surge in overall economic output is driving Dayton's economic recovery, overcoming sluggishness in housing prices, according to a new report from the Brookings Institution.

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Ohio advances on Forbes list of 'Best States for Business'

Ohio rose to 33rd from 38th and Michigan remained at No. 47 in Forbes’ new list of “Best States for Business.” The rankings, at forbes.com/best-states-for-business, compare the states in six categories.

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What it really takes to foster an entrepreneurial ecosystem

Innovation and entrepreneurship are the engines of economic growth. For decades now, cities and communities across the United States have tried to infuse themselves with those two properties by emulating Silicon Valley, a never-ending quest to become the next Silicon Somewhere.

Brad Feld’s terrific new book, Startup Communities, takes us inside the real ecologies of innovation and entrepreneurship. Feld, co-founder of venture capital firm Foundry Group, serves on the boards of numerous high-tech companies. He recently chatted with Cities about his new book.

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