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|Weekly News and Opinion from Ohio's Newspapers|
March 27 - April 2, 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.|
(Cincinnati Enquirer, March 27, 2012)
The Cincinnati USA Regional Partnership will unveil an economic development campaign called "Cincinnati, the BrandHUB" Tuesday at its annual meeting. It's part of an effort to capitalize on the region's existing strengths among consumer marketing and brand-design businesses.
Region tops state for largest wage growth rate in past 20 years
(Middletown Journal, March 27, 2012)
When it comes to wage growth over the past 20 years, southwest Ohio leads the state's 88 counties, according to the most recent economic data from the U.S. Bureau of Economic Analysis.
BP's $331M investment in Trumbull will spur growth in Ohio, leaders say
(Youngstown Vindicator, March 28, 2012)
Though geologists say it is too early to estimate how much gas and oil the Utica Shale contains, the Ohio Department of Natural Resources estimates the Utica Shale may hold as much as 5.5 billion barrels of oil and 15.7 trillion cubic feet of natural gas.
Downtown Cleveland's boom is real, experts say, thanks to millennials moving in
(The Plain Dealer, March 29, 2012)
A rising downtown Cleveland may have the economic power to lift the region, a panel of experts said Thursday. But much will depend upon young professionals and whether they find the housing and amenities they seek in a city hoping to reinvent itself.
City eyes using loan for other projects
(Toledo Blade, March 29, 2012)
After the collapse of plans to use a $10.2 million federal loan to fix up Toledo's downtown Berdan Building, city officials are now seeking to quadruple that money through a novel procedure that would put it toward a slew of other development projects.
Businesses planned for former landfill
(Springfield Sun News, March 30, 2012)
A proposed site for a multimillion-dollar business complex is a closed landfill contaminated with methane gas, benzene, arsenic and other hazardous materials, according an environmental study obtained by the Springfield News-Sun.
Gas wells are the focus of a clash between Ohio's economic and environmental futures
(The Plain Dealer, March 30, 2012)
Fewer than a half-dozen industrial-sized horizontal gas wells are producing in Ohio, and there are no reports that any have poisoned ground water.
Personal incomes on rise in Ohio
(Springfield News Sun, March 31, 2012)
Income for all people from all sources, including wages, investments, even welfare and unemployment benefits, rose by 4.6 percent in 2011 from 2010 to just more than $436 billion, according to data released last week by the Bureau of Economic Analysis. That ranked Ohio 36th among all states for personal income growth.
Ohio adds most jobs in nation
(Columbus Dispatch, March 31, 2012)
Ohio added more jobs than any other state last month, according to preliminary figures, the most-recent sign that the state's economy is on the mend.
Foreign investment critical to local economy
(Dayton Daily News, March 31, 2012)
Foreign investment has become critical to job creation in the region, with state and local development officials expecting more companies from other countries to open or expand operations here.
Editorial: House money
(Akron Beacon Journal, March 31, 2012)
The interests who gave themselves a monopoly on casino gambling in Ohio by pushing a constitutional amendment in 2009 are poised to saturate Northeast Ohio with the games of chance they control. As reported last week by Beacon Journal staff writers Rick Armon and Betty Lin-Fisher, part of the picture involves a deal John Kasich is considering that would allow the Thistledown horse-racing track to move from North Randall to the Akron-Canton area, most likely to land owned by the Akron-Canton Airport.
Legality of bed-tax use called into question
(Youngstown Vindicator, April 2, 2012)
Western Reserve Port Authority member Andres Visnapuu says he questions whether the Mahoning County commissioners are legally allowed to increase the bed tax by 2 percent, despite legal opinions that say they can.
Real estate sales trending up
(Coshocton Tribune, April 2, 2012)
Local realtors are selling more homes than a year ago, mirroring the statewide trend that shows about 2,000 more homes sold in the first two months of 2012 during the same period in 2011.