UC Economics Center

Courtesy of AACC

A recently completed study shows Tri-State Black-owned businesses have an economic impact of more than $1.4 billion annually.

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The second phase of a study to determine the economic impact of Black-owned businesses in the Tri-State is about to begin. The Greater Cincinnati and Northern Kentucky African American Chamber of Commerce and the UC Economics Center are working together on this first of its kind review.

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A recent article in Marketwatch points out the high cost of financial illiteracy, $200 billion in the last 20 years as people made poor investment decisions, ran up credit card debt or made poor choices about borrowing money.

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A cybersecurity breach at Equifax, one of the three major credit bureaus, has compromised the personal data of about 143 million Americans, almost half the country. The company says the cyber thieves were able to steal social security numbers, birth dates, and addresses for a massive number of people.

Mattie Richards

It is never too early to talk to your children about money. A new traveling exhibit at the Main Library can help families start the discussion. "Thinking Money" aims to make financial literacy a topic that's both understandable and fun for adolescents. The exhibit is framed with an adventure theme and includes interactive technology to engage teens.

Job Prospects That Don't Require A College Degree

Jan 11, 2017
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Although attending college may seem like the status quo, not all stable and lucrative careers require a four-year college degree. 

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The Ohio Council of Retail Merchants and UC's Economic Center are out with the latest state-wide holiday retail spending report and it's not as rosy as last year. Data suggests a 1.54 percent increase in spending in November and December.

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More and more, young people are ditching grocery shopping, preferring to dine out at restaurants and bars, according to the Wall Street Journal

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  Late last month, Cincinnati Mayor John Cranley proposed raising the minimum wage for full-time city workers to $15 an hour. An increase in the minimum wage has been discussed all around the country. Just last week, California governor Jerry Brown signed legislation raising California'’s minimum wage to $15 an hour by 2022 and New York is following in California's footsteps.

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Redevelopment of underutilized Hamilton County industrial sites could result in an economic impact of $12 billion. The UC Economics Center prepared the report commissioned by the Port of Greater Cincinnati Development Authority  and TechSolve.

According to the 2015 Ohio Retail Holiday Forecast, prepared by the UC Economics Center, Cincinnati will have the biggest increase in Ohio holiday retail sales from 2014 to 2015 at 5.6 percent.

For the state, University of Cincinnati economists predict an average increase of 4.2 percent in November and December. The national average is 3.7 percent.

A new study by the UC Economics Center projects a 5.1 percent increase in holiday sales (November and December) this year over last in Cincinnati. This is slightly higher than the estimated growth in Ohio of 4.5 percent.

Director of Research Dr. Michael Jones looked at: