Economic News from Ohio's Regions
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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 30 - April 5, 2010

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.
Agriculture is backbone of Ohio economy (Ironton Tribune, April 1, 2010) Many businesses and industries have contributed to Ohio's growth over the past two centuries, but one in particular-agriculture-has stood the test of time and continues to employ thousands of Ohioans and play a critical role in our state's economy.

Architect of Ohio rail plan dismayed at stalemate (Business, April 1, 2010) The $400 million awarded by President Barack Obama in January is intended to cover the cost of a startup service connecting Cleveland, Columbus, Dayton and Cincinnati with trains that reach 79 mph.  Rejecting it would damage Ohio's credibility and hurt its chances of getting future dollars to complete the system, Seney said.

PNC forecast: Ohio businesses feeling better (Columbus Business First, April 1, 2010) Small and mid-size businesses in Ohio are in the midst of recovery from the recession with few expecting to cut staff over the next six months, an economic outlook report by PNC Financial Services Group Inc. says.

Lorain and Trumbull counties rank among the 10 worst counties in the nation for wage losses (The Plain Dealer, April 1, 2010) Wages in Lorain and Trumbull counties are among the fastest-falling in the nation, according to a report from the U.S. Labor Department.  Trumbull's weekly wages declined 8.3 percent from the third quarter of 2008 to the same period a year later. That ranked it second-worst in the country. Lorain County ranked eighth, with wages falling 4.1 percent.

Editorial: County budget reflects hard realities of today's economy (Youngstown Vindicator, April 2, 2010) Mahoning County commissioners Thursday adopted an austere budget, one that represents real cuts in the money available to general-fund departments compared to actual expenditures in 2008 and 2009.

Editorial: Short of the top (Akron Beacon Journal, April 2, 2010) When a chunk of $4.3 billion is on the line, you run hard to win - which is what Ohio thought it had done during the first round of the Race to the Top competition for federal education grants. With 40 states competing, Ohio made the first cut of 16 finalists. But then in a race where the top-rated two were the only winners, Ohio ended up 10th and out of the $420 million it sought.

Companies find aid in Ohio program (Dayton Business Journal, April 3, 2010) GrowNOW, an interest rate reduction program run by the Ohio Treasurer's office , has been around since 1983 but state officials hope this year it can play a more significant role in jump-starting the economy.

Editorial: Auto-dealer bill would put Ohio economy in reverse (Toledo Blade, April 3, 2010) GM is one of Ohio's largest employers. We provide more than 10,000 jobs directly and support tens of thousands more through our network of 1,500-plus suppliers. More than 70,000 retirees in our state depend on a strong GM for retirement benefits.

Jobs finally on the rise, but bumps likely (Columbus Dispatch, April 3, 2010) In Ohio, one in five owners of small and mid-size businesses plans to add workers within six months, a new survey shows. That's double last fall's number.

University president says goal is to keep Ohioans in Ohio (Marion Star, April 3, 2010) Gee called universities "the economic engines that will drive this state" and talked about the importance of keeping businesses in Ohio. Much of Gee's speech centered on the state's economy and how it relates to education. He said the goal should be "to make sure no Ohioan leaves the state."
Third Frontier high-tech funds elude region (Cincinnati Enquirer, April 5, 2010) For seven years, Greater Cincinnati has lagged behind most of Ohio in receiving jobs-creation money from the state's Third Frontier high-tech development program. It may be the region's own fault.

Where did our jobs go? To China (Cincinnati Enquirer, April 4, 2010) In Southwest Ohio and Northern Kentucky, China's rapid growth over the past several years cost 16,200 jobs. Nationally, the job-loss numbers are enormous: 2.4 million jobs disappeared since 2001, the year China joined the World Trade Organization and its trade with the U.S. accelerated.

New joint venture project beginning for WIB (Chautauqua Observer, April 5, 2010) The Chautauqua County Workforce Investment Board has embarked on a new, joint venture with the workforce investment boards of northwestern Pennsylvania and northeastern Ohio to create a louder, more unified voice for regional development projects.

Resistance looms, but a group pushes Cleveland to welcome the world (The Plain Dealer, April 5, 2010) The image of an international welcome center in Northeast Ohio began to take shape this week, along with the obstacles that a pro-immigrant strategy must overcome.

Funds salvage vacant homes (Akron Beacon Journal, April 5, 2010) Akron recently officially kicked off its Neighborhood Stabilization Program, contracting with four local builders to construct six homes on vacant properties. The homes will be sold and the process will begin again.
         Edited and compiled by: Molly Schnoke, Center for Civic Education, Maxine Goodman
         Levin College of Urban Affairs, Cleveland State University
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