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Weekly News and Opinion from Ohio's Newspapers
March 23 - 29, 2010
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| Greetings! |
| Welcome to the latest issue of Economic News from Ohio's Regions, a new 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.
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Wind farm to sprout in Hardin County (Marion Star, March 24, 2010) Approval of one of Ohio's first large-scale wind farms promises to give
Hardin County a welcome economic boost. The board also authorized JW Great Lakes Wind LLC to build up to 27 wind
turbines in Hardin County and Buckeye Wind LLC to construct up to 54 in
Champaign County.
Per capita income in Ohio dips 1.4% (Toledo Blade, March 26, 2010) Personal income in Ohio declined by $19.8 billion.
That translated to a loss of $928 per resident in Michigan, and a loss
of $508 per resident of Ohio.
New signs of life in manufacturing (Columbus Dispatch, March 26, 2010) The key to Ohio's economic recovery might be the same sector that
hastened its decline:
manufacturing. There are signs that the state's manufacturers are beginning to hire
again. The same thing is
happening in the country as a whole, and economists are voicing new
optimism that the bleeding has
almost stopped.
Ohio still struggling with joblessness compared to other states (The Plain Dealer, March 26, 2010) The state lost 177,900 jobs with employment falling to about 5 million,
between February 2009 and February 2010. Only California, Texas, Florida
and Illinois lost more jobs.
Ohio surpasses $2 billion in historic preservation tax credits (The Suburbanite, March 27, 2010) The Ohio Historic Preservation Office of the Ohio Historical Society
announced today that private investment of more than $2 billion has now
been reached in Ohio projects using the federal historic rehabilitation
investment tax credit. The credit encourages owners of historic
properties to renovate buildings listed in the National Register of
Historic Places.
Renewable energy to play a big part in Ohio's future (Dayton Daily News, March 27, 2010) If Ohio were a country, its electricity demand would rank 19th among the
world's nations - right above Iran and below Saudi Arabia. Ohio is not regarded as an energy-producing state, but that's slowly
changing.
Benefits, peril seen in energy transition (Toledo Blade, March 27, 2010) The University of Toledo and Bowling Green State
University can play important roles in Ohio's transition to a
carbon-neutral world - an industrial transformation that offers jobs if
done right and economic calamity if done incorrectly, according to Gov.
Ted Strickland's energy adviser.
Editorial: Issue 1 bond issue is critical (Cincinnati Enquirer, March 28, 2010) Many Ohioans may not fully grasp what the "Third Frontier" means or what
it has done, but they have benefited from its success.
Editorial: Reading scores must be improved (News Herald, March 28, 2010) Ohio fourth-graders averaged 225 points. Eighth-grade students
across the country scored an average of 264 points, while Ohio
eighth-graders averaged 269.
Lack of jobs elsewhere slow migration from Greater Cleveland area, Census figures show (The Plain Dealer, March 28, 2010) U.S. Census figures released last week reveal Cuyahoga County's
population continues to drop, but the pace has slowed. Experts say the
nation's battered economy and credit crunch are helping keep people in
Northeast Ohio.
Youthful Ohio full of whiskey and hard work (Akron Beacon Journal, March 28, 2010) A report on U.S. censuses of old shows how Buckeyes have changed. Two hundred years ago, when Ohioans first took the census as a state,
folks were making lots of whiskey. So much so that ''spirits distilled''
was the state's most valuable manufacturing industry in an economy that
relied heavily on farming.
Ohio consumers snapping up rebates in appliance program (The Plain Dealer, March 29, 2010) Just four days into the program more than two-thirds of the nearly 90,000 available rebates - including
all of the $100 dishwasher rebates - had been claimed.
Issue 1 favors local economy, Mahoning Valley leaders say (Youngstown Vindicator, March 29, 1010) Local business, academic and political leaders urged Mahoning Valley
residents to vote in favor of state Issue 1, which will allow Ohio to
borrow $700 million to extend funding for the Third Frontier program for
another four years, through 2016.
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