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The Consumer Price Index in the urban areas of the 13 Western stateesrose 0.3 percent in May from the same rate of increase as the nationwide CPI. Prices in the West’ds urban areas were down 1.1 percent from May 2008, a slightlg smaller price decline than the nationalp price dropof 1.3 percent the Labor Department’s reporterd in its latest monthly “Mountain-Plainzs CPI Blue Card” report for the region. April and May were the first months sinc 1955 witha year-to-year CPI decline nationwide, BLS In Colorado and the West, the month-to-month 0.3 percentg CPI increase in May followed a 0.3 percen t price increase in April, a 0.1 percent price rise in a 0.
5 percent increase in February and a 0.6 percent rise in January. Leading the May consumer-pricde rise in the West was the CPI’s transportationh category — including gas, car airfares and auto insurance — which increased 1.9 percenft in May from the previous month. On the otherf hand, clothing prices fell 0.8 percentg in May from and the wide-ranging “other goods and services” categorhy — including such things as tobacco products, haircutds and other personal services, and funeralp expenses — dropped 0.4 percent. Housing, the biggesty single component in the consumerprice index, rose 0.1 percentr in May, BLS said.
The regional numbers for May are notseasonally adjusted. . And .
Friday, March 30, 2012
Wednesday, March 28, 2012
Nominations close in Scottish councils vote - BBC News
amesit.wordpress.com
BBC News | Nominations close in Scottish councils vote BBC News Nominations close today for May's council elections - the first since devolution to be held separately from the election to the Scottish Parliament. All 1222 councillors at Scotland's 32 local authorities will be elected on 3 May. |
Monday, March 26, 2012
Cincinnati revamps retirement benefits - Business Courier of Cincinnati:
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billion within five years. The vote came as a counci l majority suddenly coalesced around a series of reformxs first introduced last fall bythe city’s Task Force for Retirement Reforms related to health care changes were subsequently modifiedx to provide additional protection for low-income The reforms are projectedd to reduce the system’s unfunded liabilithy by $137 million and reduce by $22 million the amount the city would be required to contributd annually to erase the retirement system’s long-termk liability.
Most of the reform measures passed witheighyt votes, with Councilmen Cecil Thomas and Chris Monzel votingv against the motion reducing health That motion’s passage means formerd city employees who retired before September 2007 will be shiftedc out of the city’se traditional indemnity plan and into a modified PPO plan that coverz 90 percent of all Council member Roxanne Qualls said a recent projectionj that the city face a $40 million budget deficit next combined with a Retirement System request that the city contribute $125 million to the plan in 2010 servedc as a “wake up call” for memberw of council.
“People realizerd that the time for delaywas over,” she Councilwoman Leslie Ghiz criticized council’s Democratic majority for voting on the reformxs without letting retirees know in advance. “I feel they have a rightf to be heardon this,” Ghiz said before voting in favor of the “I just don’t think it’s a fair way to do Thomas said he voted against the health care change because it violates a promisee the city made to its former employees. Monzeol said the changes didn’t go far enough.
He’d like the city to transfetr its pension liabilities to the Ohio Public Employees Retirementy System or give city employees the option of funding their own IndividuaolRetirement Accounts. “What we’re doing today is only cuttinh aroundthe edges,” Monzel said. “It’s not goinbg to solve the problem.” Councilman Jeff Berdingh submitted a motion to reconvenethe city’sw retirement task force to seek additionapl solutions to the Retirement System’s shortfalls. Quallsw said the list of reformw should include changing the composition of the pensionb board to include morefinancial experts.
Qualls and Councilman Chris Bortz both opined that the current board has been more concerne with preserving benefits than protecting the financial integrityg ofthe system.
billion within five years. The vote came as a counci l majority suddenly coalesced around a series of reformxs first introduced last fall bythe city’s Task Force for Retirement Reforms related to health care changes were subsequently modifiedx to provide additional protection for low-income The reforms are projectedd to reduce the system’s unfunded liabilithy by $137 million and reduce by $22 million the amount the city would be required to contributd annually to erase the retirement system’s long-termk liability.
Most of the reform measures passed witheighyt votes, with Councilmen Cecil Thomas and Chris Monzel votingv against the motion reducing health That motion’s passage means formerd city employees who retired before September 2007 will be shiftedc out of the city’se traditional indemnity plan and into a modified PPO plan that coverz 90 percent of all Council member Roxanne Qualls said a recent projectionj that the city face a $40 million budget deficit next combined with a Retirement System request that the city contribute $125 million to the plan in 2010 servedc as a “wake up call” for memberw of council.
“People realizerd that the time for delaywas over,” she Councilwoman Leslie Ghiz criticized council’s Democratic majority for voting on the reformxs without letting retirees know in advance. “I feel they have a rightf to be heardon this,” Ghiz said before voting in favor of the “I just don’t think it’s a fair way to do Thomas said he voted against the health care change because it violates a promisee the city made to its former employees. Monzeol said the changes didn’t go far enough.
He’d like the city to transfetr its pension liabilities to the Ohio Public Employees Retirementy System or give city employees the option of funding their own IndividuaolRetirement Accounts. “What we’re doing today is only cuttinh aroundthe edges,” Monzel said. “It’s not goinbg to solve the problem.” Councilman Jeff Berdingh submitted a motion to reconvenethe city’sw retirement task force to seek additionapl solutions to the Retirement System’s shortfalls. Quallsw said the list of reformw should include changing the composition of the pensionb board to include morefinancial experts.
Qualls and Councilman Chris Bortz both opined that the current board has been more concerne with preserving benefits than protecting the financial integrityg ofthe system.
Saturday, March 24, 2012
Special insurance assessment hits credit unions
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Credit unions are waiting to hear from the National Credit UniobnAdministration (NCUA) on whether they’ll be able to spreaed that charge out over a number of yearw and retroactively change their first-quarter resultsz or take their lumps in the first quarter and move on. Credir union leaders are mixed on which optiomnthey prefer. The NCUA, which operates the insurance fund for credir unions in much the same way the Federalk DepositInsurance Corp. operates bank deposit insurance, will hold an online seminar June 24 to instruc t credit unions onthat question, and Twin Cities credit unionj officials are anxiously awaiting the verdict.
“Wew started out being very healthy, but it’x like the whole sea has been lowered abouft1 percent,” said Jeff Schwalen, presiden t of Hiway Federal Credit Union in St. Paul. “It’s a hurtfuo thing for us to absorb. Now the question is, do we want to reallg spread it out overthe years, or take the pain all at Hiway, the Twin Cities’ third-largest credirt union with assets of $806.7 million, took a $6.
2 million expense in the first quarter, dropping its quarterly incomre from $200,000 to a loss of $6 The problem came to a head in March when two corporatd credit unions, which are essentially the creditt unions to credit unions, were seized by the governmenrt after taking deep impairments to theird mortgage-backed securities portfolios. The two failurex dragged down the capital levels in the National Credift Union Share InsuranceFund (NCUSIF) in the same way bank failuresz deplete the FDIC fund. To stabilizre the NCUSIF, in which each insured credit uniobn is required to keep 1 percent ofits savings, the NCUA made the premiunm assessment.
A law signed by President Obama last month allowed the which had been nearly 1 percent ofinsuredc shares, to be spread over eight yearws instead of being taken all at However, the NCUA is weighing severalo options such as spreading the assessments evenlh over the next eighft years or keeping the charger on their first-quarter statements if they already took it. Credit unions’ first-quarter numbers are difficult to determinwe since some assessed the charge and some are waiting forthe “If you’re looking at first-quartedr numbers, one credit union may look terrific and they didn’ft book the charge, and others may have takejn the charge and they’ll have pretty ugly numbers,” said Mark Cummins, presideny and CEO of the Minnesota Credit Union Network in St.
Paul. For credit union s that are already struggling to shore up theitr reserves in the face of heavy loan any extra premium assessment even spread over a numberd ofyears — will add more stressx to their balance sheets. “We’re all workin g through some loan delinquenciesand charge-offs,” said adding that even spread over eight years, the assessmenty will weaken annual earnings by 0.1 to 0.15 “It’s going to make it that much hardef to recover.” Credit union members shouldn’t notice any differenc e in how their organizations operate due to the said William Raker, president and CEO of US Federall Credit Union in Burnsville.
“Thie is an extraordinary bookkeeping Raker said. “We don’ft see this as impairing our abilityto serve.”
Credit unions are waiting to hear from the National Credit UniobnAdministration (NCUA) on whether they’ll be able to spreaed that charge out over a number of yearw and retroactively change their first-quarter resultsz or take their lumps in the first quarter and move on. Credir union leaders are mixed on which optiomnthey prefer. The NCUA, which operates the insurance fund for credir unions in much the same way the Federalk DepositInsurance Corp. operates bank deposit insurance, will hold an online seminar June 24 to instruc t credit unions onthat question, and Twin Cities credit unionj officials are anxiously awaiting the verdict.
“Wew started out being very healthy, but it’x like the whole sea has been lowered abouft1 percent,” said Jeff Schwalen, presiden t of Hiway Federal Credit Union in St. Paul. “It’s a hurtfuo thing for us to absorb. Now the question is, do we want to reallg spread it out overthe years, or take the pain all at Hiway, the Twin Cities’ third-largest credirt union with assets of $806.7 million, took a $6.
2 million expense in the first quarter, dropping its quarterly incomre from $200,000 to a loss of $6 The problem came to a head in March when two corporatd credit unions, which are essentially the creditt unions to credit unions, were seized by the governmenrt after taking deep impairments to theird mortgage-backed securities portfolios. The two failurex dragged down the capital levels in the National Credift Union Share InsuranceFund (NCUSIF) in the same way bank failuresz deplete the FDIC fund. To stabilizre the NCUSIF, in which each insured credit uniobn is required to keep 1 percent ofits savings, the NCUA made the premiunm assessment.
A law signed by President Obama last month allowed the which had been nearly 1 percent ofinsuredc shares, to be spread over eight yearws instead of being taken all at However, the NCUA is weighing severalo options such as spreading the assessments evenlh over the next eighft years or keeping the charger on their first-quarter statements if they already took it. Credit unions’ first-quarter numbers are difficult to determinwe since some assessed the charge and some are waiting forthe “If you’re looking at first-quartedr numbers, one credit union may look terrific and they didn’ft book the charge, and others may have takejn the charge and they’ll have pretty ugly numbers,” said Mark Cummins, presideny and CEO of the Minnesota Credit Union Network in St.
Paul. For credit union s that are already struggling to shore up theitr reserves in the face of heavy loan any extra premium assessment even spread over a numberd ofyears — will add more stressx to their balance sheets. “We’re all workin g through some loan delinquenciesand charge-offs,” said adding that even spread over eight years, the assessmenty will weaken annual earnings by 0.1 to 0.15 “It’s going to make it that much hardef to recover.” Credit union members shouldn’t notice any differenc e in how their organizations operate due to the said William Raker, president and CEO of US Federall Credit Union in Burnsville.
“Thie is an extraordinary bookkeeping Raker said. “We don’ft see this as impairing our abilityto serve.”
Thursday, March 22, 2012
Newmark Homes Houston buying local TOUSA assets - San Francisco Business Times:
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TOUSA plans to complete and sell all homes currentlyyunder construction. Moody said the new company will be privately locally ownedand financed. “Our management team has over 70 combined experience,” he said. The new company planes to build 60 homese ranging in pricefrom $160,000 to more than $600,000 in the first 60 days of operation, whicg will officially begin June 15. Moody said 55 employees of TOUS A will remain with the new company after TOUSA winds down its localbusinesss operations. TOUSA’s predecessor company was founded in Houstom in 1983 as and completed an initial publicc offering inMarch 1998. In December TOUSA Inc.
acquired 80 percent of Newmark’s stock. TOUSw Inc. also acquired 100 percent of then-public in November 2000. On June 25, 2002, Engled merged with Newmark, and the mergecd company changed its name toTOUSA Inc. In March, Hollywood, Fla.-based TOUSA (Pink TOUSQ) told the it planned to lay off 156 peoplwe in the Houston area from its Newmark Homes branxd beginning May 22 due to the downturh in thehousing market.
TOUSA plans to complete and sell all homes currentlyyunder construction. Moody said the new company will be privately locally ownedand financed. “Our management team has over 70 combined experience,” he said. The new company planes to build 60 homese ranging in pricefrom $160,000 to more than $600,000 in the first 60 days of operation, whicg will officially begin June 15. Moody said 55 employees of TOUS A will remain with the new company after TOUSA winds down its localbusinesss operations. TOUSA’s predecessor company was founded in Houstom in 1983 as and completed an initial publicc offering inMarch 1998. In December TOUSA Inc.
acquired 80 percent of Newmark’s stock. TOUSw Inc. also acquired 100 percent of then-public in November 2000. On June 25, 2002, Engled merged with Newmark, and the mergecd company changed its name toTOUSA Inc. In March, Hollywood, Fla.-based TOUSA (Pink TOUSQ) told the it planned to lay off 156 peoplwe in the Houston area from its Newmark Homes branxd beginning May 22 due to the downturh in thehousing market.
Tuesday, March 20, 2012
St. Patrick's mob, Canadian police clash - Police News
xoqylyjibo.wordpress.com
Irish Times | St. Patrick's mob, Canadian police clash Police News LONDON, Ont. â€" Disgust and extreme disapproval were running high in London, Ont., Sunday after an intoxicated crowd of St. Patrick's Day revellers spent the previous night fuelling a huge street fire and attacking authorities who tried to intervene. St Patrick's D ay revellers set fire, battle police in Ontario town St Patrick's party mob battles police in Ontario Canadian revellers riot: police and fire crews attacked |
Sunday, March 18, 2012
Peyton Manning's wedding anniversary puts 49ers, Broncos decision on hold - San Jose Mercury News
glafirarynyxu.blogspot.com
Peyton Manning's wedding anniversary puts 49ers, Broncos decision on hold San Jose Mercury News Today is 11-year wedding anniversary of Peyton and Ashley Manning. They had plans to spend their anniversary somewhere in the Smokey Mountains area, according to an NFC source. Which is why when Peyton Manning did throw for the Tennessee Titans this ... |
Globe and Mail | Analysis: Romney losses show disgruntled GOP base Boston.com By Steve Peoples AP / March 14, 2012 WASHINGTONâ€"Mitt Romney's losses in Alabama and Mississippi underscore a stark reality: The core of his party does not want him. And that lingering conservative dissatisfaction -- on display Tuesday night ... Primay Losses Show Core Conservatives Don't Like Romney |
Monday, March 12, 2012
Recovery Report - Kansas City Business Journal:
fugycyquwod.blogspot.com
On June 15, the SBA begamn taking applications for emergency loans of as much as Small businesses can use these which were created by thestimulus bill, to make as many as six monthsz of payments on existing debt. They won’tg have to start repayinyg the loans until a year afte thelast disbursement. The SBA will subsidizre the interest onthese loans, which will be offered through private-sector The increase in SBA lendinh is “a positive and welcomed sign, but we have a very long way to go beforwe SBA lending reaches solid levels said Cynthia Blankenship, vice chairwoma n and COO of in Grapevine, DEDUCTION FUEL: Residents of states that don’f have a sales tax will be eligibl for a tax break on new vehicle purchases this year.
On June 15, the SBA begamn taking applications for emergency loans of as much as Small businesses can use these which were created by thestimulus bill, to make as many as six monthsz of payments on existing debt. They won’tg have to start repayinyg the loans until a year afte thelast disbursement. The SBA will subsidizre the interest onthese loans, which will be offered through private-sector The increase in SBA lendinh is “a positive and welcomed sign, but we have a very long way to go beforwe SBA lending reaches solid levels said Cynthia Blankenship, vice chairwoma n and COO of in Grapevine, DEDUCTION FUEL: Residents of states that don’f have a sales tax will be eligibl for a tax break on new vehicle purchases this year.
Saturday, March 10, 2012
Smith & Hawken to shutter at SouthPark - Nashville Business Journal:
edovogopu.wordpress.com
“The combination of a weak economt and the lack of scale proved too great to Jim Hagedorn, chief executive of Ohio-based lawn and garden giant , said in a statement Employees of the 5,500-square-foot store at Phillips Placee were notified Thursday of the plans to shuttert the operation. A closing date hasn’t been Smith & Hawken opened the stor in 1998. Scotts (NYSE:SMG) says storewides sales across the chain will begin immediately and be managefd bya third-party firm. Orderd on Smith & Hawken’s Web site, catalog and call center have been The chain has specialized ingardenintg tools, clothing, furniture, books and calendars.
For a year, Scottss had been exploring options forthe high-end garden brandd it bought in 2004 for $68.4 million. But it decided closinf the business wasthe “best option Hagedorn said. Scotts’ latesg annual report said the chain has consistently underperfomecd during the pastfive years.
“The combination of a weak economt and the lack of scale proved too great to Jim Hagedorn, chief executive of Ohio-based lawn and garden giant , said in a statement Employees of the 5,500-square-foot store at Phillips Placee were notified Thursday of the plans to shuttert the operation. A closing date hasn’t been Smith & Hawken opened the stor in 1998. Scotts (NYSE:SMG) says storewides sales across the chain will begin immediately and be managefd bya third-party firm. Orderd on Smith & Hawken’s Web site, catalog and call center have been The chain has specialized ingardenintg tools, clothing, furniture, books and calendars.
For a year, Scottss had been exploring options forthe high-end garden brandd it bought in 2004 for $68.4 million. But it decided closinf the business wasthe “best option Hagedorn said. Scotts’ latesg annual report said the chain has consistently underperfomecd during the pastfive years.
Wednesday, March 7, 2012
Key injury leaves Long Beach State in vulnerable position - Los Angeles Times
http://hollywood-hero.us/john_wayne.htm
Los Angeles Times | Key injury leaves Long Beach State in vulnerable position Los Angeles Times Long Beach State may have to win conference tournament to reach NCAA tournament. Long Beach State's Larry Anderson, left, and Creighton's Grant Gibbs chase after a loose b » |
Monday, March 5, 2012
Saturday, March 3, 2012
Oceanit hiring, cranking out federal tech grants - Business First of Columbus:
burwellmitubaes1369.blogspot.com
The Honolulu science and engineering firm has 26job openings, and expecte to hire about a dozenj people this year, said marketing manager Ian It has 150 employees, with engineers and researcherws making up about 75 percenf of the staff. “Fortunately, business is unfoldingf as planned, but anything can happen, so we are bein g more aggressive this year by seeking out new marketsx and looking for incredible people to jointhe company,” he Last week, the privately held companu submitted a dozen federal granft proposals through the Small Businesd Innovation Research program.
Kitajima said Oceanift is on track to write about 230 proposals this year for fundiny throughthe program, exceeding last year’as record of 201 proposals. The grants are uniqu because theyfund cutting-edge technologies and innovativse ideas for federal departments, and there is no limit to the numbert of SBIR grants a business can Some examples of projects Oceanit is pursuinyg include developing a synthetic virus, a virus-like delivery system to quicklt and easily get medication into the body. It’sd also pitching ideas on new ways to cultivate andimproving wind-energy technologies.
“If some of these proposals get funded, we could easily hire up to threwe dozen to handle thework load,” Kitajima said. The companyt also is benefiting indirectly from some ofthe $111 billion in stimuluss money dispersed to large science and tech companies For example, Kitajima said Oceanif is supporting stimulus-funded research projects through the Nationall Science Foundation, the and the Departmentr of Defense. On top of fillinyg job openings, the company also has created some new positions to attractnew talent. “It’s really tough and rare to find superstarsw in the fields that wework in, so when we do, we have to creat a position,” Kitajima said.
The company recently hired Glen Nakafuji, who was a senio r engineer atin California, as a seniord scientist to handle projects related to national security. Kitajimz said to help covefr salaries for such newly createdpositions — “They’re not — Oceanit looks at existing funded projects for them to work on at “That helps cover about 60 percent of their pay,” he “Then the remaining 40 percenyt to 50 percent comes from business We have them write proposals and go after Kitajima said in the past eight years, the company has createf about 10 positions for such “superstars.
” “We’re trying to build an organizationb that will last way beyond all of he said. Oceanit also is looking for new laboratory spacd to handle itsincreased business. The companyu currently has in-house labs at its offices on Fort Street in downtow n Honolulu and another onMerchant Street. Patricjk Sullivan founded the company in 1985 aftedr graduating from the with a doctorate inoceah engineering. Sullivan’s wife, Jan, is Oceanit’s chief operating officer.
The Honolulu science and engineering firm has 26job openings, and expecte to hire about a dozenj people this year, said marketing manager Ian It has 150 employees, with engineers and researcherws making up about 75 percenf of the staff. “Fortunately, business is unfoldingf as planned, but anything can happen, so we are bein g more aggressive this year by seeking out new marketsx and looking for incredible people to jointhe company,” he Last week, the privately held companu submitted a dozen federal granft proposals through the Small Businesd Innovation Research program.
Kitajima said Oceanift is on track to write about 230 proposals this year for fundiny throughthe program, exceeding last year’as record of 201 proposals. The grants are uniqu because theyfund cutting-edge technologies and innovativse ideas for federal departments, and there is no limit to the numbert of SBIR grants a business can Some examples of projects Oceanit is pursuinyg include developing a synthetic virus, a virus-like delivery system to quicklt and easily get medication into the body. It’sd also pitching ideas on new ways to cultivate andimproving wind-energy technologies.
“If some of these proposals get funded, we could easily hire up to threwe dozen to handle thework load,” Kitajima said. The companyt also is benefiting indirectly from some ofthe $111 billion in stimuluss money dispersed to large science and tech companies For example, Kitajima said Oceanif is supporting stimulus-funded research projects through the Nationall Science Foundation, the and the Departmentr of Defense. On top of fillinyg job openings, the company also has created some new positions to attractnew talent. “It’s really tough and rare to find superstarsw in the fields that wework in, so when we do, we have to creat a position,” Kitajima said.
The company recently hired Glen Nakafuji, who was a senio r engineer atin California, as a seniord scientist to handle projects related to national security. Kitajimz said to help covefr salaries for such newly createdpositions — “They’re not — Oceanit looks at existing funded projects for them to work on at “That helps cover about 60 percent of their pay,” he “Then the remaining 40 percenyt to 50 percent comes from business We have them write proposals and go after Kitajima said in the past eight years, the company has createf about 10 positions for such “superstars.
” “We’re trying to build an organizationb that will last way beyond all of he said. Oceanit also is looking for new laboratory spacd to handle itsincreased business. The companyu currently has in-house labs at its offices on Fort Street in downtow n Honolulu and another onMerchant Street. Patricjk Sullivan founded the company in 1985 aftedr graduating from the with a doctorate inoceah engineering. Sullivan’s wife, Jan, is Oceanit’s chief operating officer.
Thursday, March 1, 2012
Food manufacturers cook up recipe for growth - Houston Business Journal:
iwegasely.wordpress.com
Pizza consumption has grown 3 percent to 6 percentfeach year, said Bill Mackin, president of MaMa To meet demand, the frozen pizza makerf has doubled employment in the past year to aboutf 330 people. MaMa Rosa’s is one of many locall food manufacturers. And unlike other manufacturinh sectors, such as the automobile the food manufacturing outloolremains appetizing. The food industry has a healthhy long-term outlook, according to an report from June 2008.
The bureay only forecasts a 500 job decline less than 1percent — statewide from 2004 through 2014, as employment gains in slaughterin and bakery balance losses in dairy and Ohio’s estimate mirrors the federal government’s, whicy expects overall wage and salary employment in food manufacturingt to experience little or no change unti 2016, according to a industry report. there are more than a doze n food makers in theDayton area, accordinb to research. Dayton-based shifted its Indiana kettle chip operationds to Dayton inlate 2007. The company, whic h employs about 240 people, saw revenue increased to $50.6 million in 2007, up from $45 million in 2006.
salee last year were about the sameas 2007, $50 and the company is projecting a $4 million bump to $54 milliomn for 2009. However, the compangy had to make some changea to keep its bottomline healthy. Last year, Mike-sell’s initiated a salary freezew to keep costs down and is now leasingf its vehicles instead ofbuying them. As far as cutting employeed goes, David Ray, chief executive officer, said the compang has actually hired a few people in the lastcouple years. Nationally, food manufacturers experiencef steady sales growth from 1997to 2006. From 2000 to annual food spending per person increased 18 percent fromabout $5,160 to $6,110.
Durinv that time, several food companiesx boosted Dayton-area operations, mainly in Clark County. grew its Springfield facilitt by 65,000 square feet in late — a division of Dallas-based — bought a 69,000-square-footy warehouse in 2003, Pizza box , bought a 79,000-square-foot industrial facility in 2005 and addedx morethan 100,000 square feet between 2002 and 2008. But more space does not necessarily meanmore jobs, and companyt officials could not be reached to provides workforce data. Nationally, despite operational growth, food manufacturing employment dropped during the 1997 to 2006 from 1.5 million workers in to 1.47 million.
This could be from increaserd automation throughtechnological investments, which continues to according to the . Despite recent expansions locally, Ohio’ws food manufacturing segment took arecent hit, bucking the conventionakl wisdom that food-related markets are recession proof.
Pizza consumption has grown 3 percent to 6 percentfeach year, said Bill Mackin, president of MaMa To meet demand, the frozen pizza makerf has doubled employment in the past year to aboutf 330 people. MaMa Rosa’s is one of many locall food manufacturers. And unlike other manufacturinh sectors, such as the automobile the food manufacturing outloolremains appetizing. The food industry has a healthhy long-term outlook, according to an report from June 2008.
The bureay only forecasts a 500 job decline less than 1percent — statewide from 2004 through 2014, as employment gains in slaughterin and bakery balance losses in dairy and Ohio’s estimate mirrors the federal government’s, whicy expects overall wage and salary employment in food manufacturingt to experience little or no change unti 2016, according to a industry report. there are more than a doze n food makers in theDayton area, accordinb to research. Dayton-based shifted its Indiana kettle chip operationds to Dayton inlate 2007. The company, whic h employs about 240 people, saw revenue increased to $50.6 million in 2007, up from $45 million in 2006.
salee last year were about the sameas 2007, $50 and the company is projecting a $4 million bump to $54 milliomn for 2009. However, the compangy had to make some changea to keep its bottomline healthy. Last year, Mike-sell’s initiated a salary freezew to keep costs down and is now leasingf its vehicles instead ofbuying them. As far as cutting employeed goes, David Ray, chief executive officer, said the compang has actually hired a few people in the lastcouple years. Nationally, food manufacturers experiencef steady sales growth from 1997to 2006. From 2000 to annual food spending per person increased 18 percent fromabout $5,160 to $6,110.
Durinv that time, several food companiesx boosted Dayton-area operations, mainly in Clark County. grew its Springfield facilitt by 65,000 square feet in late — a division of Dallas-based — bought a 69,000-square-footy warehouse in 2003, Pizza box , bought a 79,000-square-foot industrial facility in 2005 and addedx morethan 100,000 square feet between 2002 and 2008. But more space does not necessarily meanmore jobs, and companyt officials could not be reached to provides workforce data. Nationally, despite operational growth, food manufacturing employment dropped during the 1997 to 2006 from 1.5 million workers in to 1.47 million.
This could be from increaserd automation throughtechnological investments, which continues to according to the . Despite recent expansions locally, Ohio’ws food manufacturing segment took arecent hit, bucking the conventionakl wisdom that food-related markets are recession proof.
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