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Maxine Goodman Levin College of Urban Affairs, Cleveland State University
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Weekly News and Opinion from Ohio's Newspapers
January 31 - February 6, 2012

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.
Midwest leading nation in economic recovery
(Dayton Daily News, January 31, 2012)
Local economists also see positive signs for the region. Robert Premus, professor of economics at Wright State University, said the statistics indicate a durable economic recovery in the Midwest. A cheaper dollar has done a great deal to help boost exports by making American products less expensive. Industries are benefiting from restructuring undertaken during the recession, he said.

Dollars flow from Carroll County pipeline
(Youngstown Business Journal, January 31, 2012)
Chesapeake Energy Corp. and its affiliates, lured by highly profitable liquid natural gas in the Utica shale, have begun construction of a pipeline network intended to connect drilling sites in Carroll and Columbiana counties, part of a system the company believes will, over time, deliver billions of dollars in profits.

Commissioners hear it from both sides about fracking
(Athens News, February 1, 2012)
The deep shale oil and gas drilling technique has been at the center of controversy locally, as well as regionally and nationally. The county commissioners have said that they're working to find a compromise that balances environmental and economic interests.

More Honda jobs on the way
(Dayton Daily News, February 1, 2012)
The automaker employs approximately 13,500 workers at its Ohio sites, including roughly 1,300 from the Dayton area and another 1,400 from Clark and Champaign counties.

Ohio receives a B in report on teaching science in K-12
(Dayton Daily News, February 1, 2012)
Having strong skills in science and math "will be increasingly important to the state's future and to growing our work force and turning around the economy," said Emmy Partin, director of Ohio policy and research for Fordham's office in Columbus.

Cleveland area leads nation in percentage drop in jobs
(The Plain Dealer, February 2, 2012)
The Cleveland area lost about 2,400 jobs over the year, including 1,281 in the finance and insurance sector in Cuyahoga County alone.

U.S. auto-parts sector under siege by China
(Toledo Blade, February 2, 2012)
Michigan and Ohio are the nation's leading auto-parts manufacturing states, with Michigan totaling 249,989 auto-parts-related jobs, or about 6.5 percent of the state's total employment, while Ohio has 189,039 such jobs, or 3.7 percent of the state's total employment.

JobsOhio identifies target fields for growth
(Columbus Dispatch, February 2, 2012)
Executives of JobsOhio laid out their strategy - focusing on those industries and others - to its board for the first time yesterday, fully aware that there's work to do in a state that has battled economic decline for years.

Tax credits help keep Allstate in Hudson
(Hudson Hub Times, February 2, 2012)
Allstate received a 5 percent, 10-year nonrefundable Ohio job retention tax credit for the retention of $61.6 million in existing payroll and maintaining its operations at the data center site in Hudson for at least 13 years, according to the governor's office.

Bill would kill Ohio's renewable energy law
(Columbus Dispatch, February 2, 2012)
A bill that would eliminate the requirement that 12.5 percent of Ohio's energy come from renewable sources by 2025 got a warm reception from a Senate committee yesterday, but it is unclear how much farther the bill is going.

Local banks end 2011 strong
(Cincinnati Enquirer, February 4, 2012)
Despite a tough economy and uncertain industry climate, the region's five largest publicly traded community banks all closed 2011 in the black.

23,000 Ohio jobs may come because of new fuel regulations
(Oxford Press, February 6, 2012)
New fuel-economy standards mandated by the Obama administration last summer could create more than 23,000 jobs in Ohio over the next decade, according to a recent report from Ceres, a nonprofit group that studies "sustainability" issues.

New retail vendor license growth shows growing confidence in region
(Dayton Daily New, February 6, 2012)
An increase in new retail vendor licenses in Champaign, Greene and Montgomery counties signals growing entrepreneurship and improving confidence in investing in those local economies, according to local business leaders.

         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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