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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
March 13 - 19, 2012

Greetings!
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.

Editorial: Economic signs of life
(Toledo Blade, March 13, 2012)
Ohio, other Rust Belt states, and the South are expected to lead the resurgence in manufacturing jobs in 2012. But the hole is so deep in Toledo, Detroit, and elsewhere economists say it will take years to match pre-recession employment levels.

Grants would beautify Girard-Youngstown corridor
(Youngstown Vindicator, March 14, 2012)
Youngstown and Girard, the two cities that make up the cooperative district on which V&M Star sits, have applied for Transportation Enhancement Grants from the U.S. Department of Transportation for the beautifying of the U.S. Route 422 corridor that connects the two cities.

Foreclosure filings fall sharply in Ohio
(Columbus Dispatch, March 15, 2012)

During the year, 71,556 foreclosures were filed in the state, 16.3% fewer than in the previous year, according to figures collected by the Ohio Supreme Court. It was the second straight annual decline, after 14 years of increases. However, filings actually have risen in Ohio three of the past five months after new ground rules were implemented for bank repossessions.

 

Cleveland Clinic plans to hire 600 registered nurses at job fair 

(The Plain Dealer, March 15, 2012)

Christine S. Nelson, of the regional business recruiting group Team Northeast Ohio, said the addition of 200 jobs is good news for this area. "That the Clinic is ramping up is a sign of its commitment to growth in the Cleveland area. It's also an indication that we may be coming out of the recession as the economy improves and as more people seek needed healthcare," said Nelson, vice president of regional business development.

 

Drilling boom means big business for the area
(Massillon Independent, March 16, 2012)
On a Tuesday afternoon, realtor Debbie Ferrante finds herself navigating Western Stark County with a contingent of out-of-state businessmen in search of new homes.

Penn National to move tracks
(Cincinnati Enquirer, March 16, 2012)
One of those future "racinos" will be Raceway Park, now in Toledo, that will be moved to the Dayton area. The move will put pressure on Lebanon Raceway, which also plans a racino development that will draw customers from the Dayton market.

Area exports grow after recession
(Dayton Daily News, March 17, 2012)
Exports of goods and services by companies in the Dayton metropolitan area grew by 12.4 percent between 2009 and 2010, fueled by increasing global demand for machinery, transportation equipment and business services, according to a report.

State budget proposal has money-saving reforms
(Akron Beacon Journal, March 17, 2012)
The proposals are to make it easier for communities to share information about the best price for purchasing, tips on how to consolidate services or allow staffers to be shared by different governments, said Randy Cole, controlling board president and policy adviser.

Economy polishing rust off Ohio's belt
(Columbus Dispatch, March 18, 2012)
Just about everybody seems to know what "the Rust Belt" means and exactly where it is located. Like the British reporter last week who wrote that President Barack Obama and British Prime Minister David Cameron were "heading into America's Rust Belt" to see a basketball game in Dayton.

Study projects eventual economic benefits from shale drilling boom
(Athens News, March 18, 2012)
While much of the economic benefit from this expansion may initially go to other states, the study suggests, over the next couple of years Ohio will see more and more of this positive impact, which will probably peak around 2014, after which some aspects of the economic impact could start to decline.

Education key in oil and gas discovery here
(Daily Jeffersonian, March 18, 2012)
Hydraulic fracturing began in Ohio in the 1950s. Most wells drilled and completed today are completed by hydraulic fracturing. Although an estimated 80,000 wells have been fractured in Ohio, state agencies have not identified a single instance where groundwater has been contaminated by hydraulic fracturing operations.

Surge in local business loans shows confidence
(Dayton Daily News, March 18, 2012)
Loans backed by the U.S. Small Business Administration issued to businesses in the Miami Valley totaled $97.2 million in fiscal year 2011, up from $68.8 million in 2010 and $63.9 million in 2009, according to a Dayton Daily News analysis of agency data.

Scholarship money should go to help unemployed, County Councilman Julian Rogers says
(The Plain Dealer, March 18, 2012)
Cuyahoga County Councilman Julian Rogers has recommended that $500,000 of required scholarship money from the Cuyahoga Educational Assistance Program go toward workplace development.

Editorial: New rules on waste injection wells look good -- so far
(The Plain Dealer, March 18, 2012)
The additional regulations, announced March 9 by state Natural Resources Director James Zehringer, would, among other features, ban the drilling of new Class II disposal wells within areas of Ohio known to be underlain with geological faults. The new rules also would require pressure monitors on wells, automatic shut-off devices and tracking all the fluids dumped in a given well.

         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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