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Maxine Goodman Levin College of Urban Affairs, Cleveland State University
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The Ohio Department of Development
Weekly News and Opinion from Ohio's Newspapers
January 8 -14, 2013

Welcome to the latest issue of Economic News from Ohio's Regions, a regular weekly newsletter from the Maxine Goodman Levin College of Urban Affairs and Cleveland State University.  We'll search Ohio's papers to bring you economic news and key happenings that impact Ohio's regions.
Brent Spence project may mean 24K jobs
(Cincinnati Enquirer, January 8, 2013)
An economic impact study by NKU's Center for Economic Analysis and Development also estimates the city of Covington could receive up to $11 million in payroll tax collections.

Ohio governor shifting gears on economic development incentives
(Tallmadge Express, January 9, 2013)
The governor was asked about JobsOhio, the private nonprofit that is spearheading the state's economic development efforts despite legal challenges and questions over its funding.

County commissioners OK tax incentives
(Youngstown Vindicator, January 10, 2013)
The resolution allows the township to offer tax incentives to businesses along Belmont Avenue, from Gypsy Lane to Tibbetts-Wick Road. The incentives include 50-percent tax abatements for 10 years on commercial and residential properties with remodeling costs of $5,000 or more.

Firm's intent to open plant in Monroe fuels hopes
(Toledo Blade, January 11, 2013)
The plant is expected to hire 30 to 40 workers, Mr. Swallow said, although Hanwha has not provided a timetable on when it will start hiring or production.

Commentary: Detroit's problems are also Toledo's
(Toledo Blade, January 13, 2013)
In Toledo, I haven't seen block after block of vacant, boarded-up, and burned-out buildings, as I have in Detroit, a city that has lost far more than half of its 2 million people since 1950. But I do see plenty of vacant and abandoned buildings here.

Ohio falls to 32nd in 'new economy' ranking
(Akron Legal News, January 13, 2013)

Ohio fell from 25th to 32nd in a report that ranks states on technology and globalization issues. The 2012 State New Economy Index, which is published every two years, uses 26 indicators that are divided into five key areas that "best capture what is new about the new economy." Those areas are knowledge jobs, globalization, economic dynamism, the digital economy and innovation capacity.  


Editorial: Borrow and spend 

(Akron Beacon Journal, January 13, 2013)

John Kasich delivered a political masterstroke when he unveiled his plan to leverage the Ohio Turnpike, generating an additional $1.5 billion for highway and bridge construction. The governor's critics expected a plan to privatize, or lease, the 241-mile roadway across the northern tier of the state. When Kasich took another direction, essentially borrow and spend, they were left flat-footed, even reeling in response.    


Energy companies looking for locals to join work force 

(Canton Repository, January 13, 2013)

Plentiful, well-paying jobs are being promised as Chesapeake and other companies begin drilling for oil and natural gas in the Utica shale formation that lies under eastern Ohio, including Stark County.    


Editorial: Saving grace 

(Columbus Dispatch, January 13, 2013)

Mayor Michael B. Coleman, in rolling out his 2013 budget, had proposed adding $10 million to the depleted emergency account. The council agreed wholeheartedly - and then some. On Monday, it plans to tap $3 million in unanticipated revenues for the fund, on top of Coleman's $10 million. It's a substantial demonstration of council's desire to be a good steward of city finances.    


Cuyahoga County homebuyers from 2005 and 2006 lost money if they sold since then

(The Plain Dealer, January 14, 2013)

Location might be the key factor in buying real estate, but there's something to be said for timing as well. And if you bought your home in Cuyahoga County in 2005 or 2006, chances are it cost you money.   


         Edited and compiled by: Molly Schnoke, Center for Community Planning & Development, Maxine Goodman Levin College of Urban Affairs, Cleveland State University
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