|Weekly News and Opinion from Ohio's Newspapers|
January 22 -28, 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.|
|Coalition execs, Dayton area vulnerable to cuts|
(Dayton Daily News, January 24, 2013)
The Dayton area's dependence on Wright-Patterson Air Force as an economic engine leaves its extremely vulnerable to big defense spending cuts that could start in a few weeks, Dayton Development Coalition executives said Thursday.
Region leads state in job creation
(Hamilton Journal News, January 22, 2013)
As the economy slowly improves, the entire 15-county Cincinnati metro added 24,600 jobs, according to an analysis by Ohio Department of Job and Family Services. Cincinnati is Ohio's third most populous city behind Cleveland and Columbus.
Akron would spend more on water, sewers than economic development in proposed capital budget
(Akron Beacon Journal, January 26, 2013)
Akron's proposed capital budget for 2013 includes nearly $100 million for water and sewer projects and less than half - about $46 million - for economic development efforts. The numbers were opposite just two years ago, with the city spending about $49 million on water and sewer and $104 million on economic development.
Youngstown coffers to grow by about $11.5 million
(Youngstown Vindicator, January 27, 2013)
Two revenue sources - money from V&M Star to lease land to that company and its share of state gambling casino taxes - will boost the city's coffers by $11.5 million during the next three years.
City's flush - time to roll back tax hike
(Columbus Dispatch, January 27, 2013)
While many cities across Ohio and the nation struggle to deliver vital public services within budget, Columbus has become co-owner of a hockey arena, is offering substantial loans to small businesses and plans to increase its savings account to $75 million.
Cuyahoga County still paying off Gateway bonds
(The Plain Dealer, January 28, 2013)
Cuyahoga County taxpayers still are paying millions of dollars a year for Progressive Field and The Q because of cost overruns and team leases that have failed to generate as much money as originally promised.
UT agency's chief draws faculty fire
(Toledo Blade, January 28, 2013)
UT's Science, Technology, and Innovation Enterprises was reinvigorated in 2008 with $10 million from the university. Since then, its name was changed to University of Toledo Innovation Enterprises - often called UTIE - and it has invested about $6.3 million in several companies, some of which have lost money.
Area homebuilders look forward to an upswing in 2013
(Canton Repository, January 28, 2013)
Even with the economy in the doldrums, Stark Countians took the leap in 2012 filing 287 building permits for single-family homes. Area builders look forward to a building upswing this year.
Editorial: Future College
(Toledo Blade, January 28, 2013)
The presidents of Ohio's public colleges and universities have made unprecedented efforts to control costs and to reduce wasteful competition for declining state funds. Gov. John Kasich should reward their efforts when he releases his two-year budget proposal next month.