Economic impact of eliminating payday lending in Ohio
May 6, 2008 | Ohio, industry, regulation, states | Comments (0)Payday lenders employ more than 6,000 in Ohio in 1,600 storefront locations. Two major national payday lending companies are headquartered in Ohio, including Dublin-based Checksmart and Mason-based Check ‘n Go.
-
Close 1600 storefront locations
-
Eliminate more than 6,000 jobs
-
Lose $172.6 million annually in employee payroll, benefits & payroll taxes
-
Vacate 4.8 million square feet of office space
-
Lose $76.8 million annually in rent revenue to landlords across the state
-
Lose $23 million annually in revenue to advertising vendors
Comments»
No comments yet.