Payday Pundit

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Economic impact of eliminating payday lending in Ohio

May 6th, 2008 · No Comments

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
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Tags: Ohio · industry · regulation · states

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