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|Weekly News and Opinion from Ohio's Newspapers|
April 13 - 19, 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.
|Feds say economy 'somewhat' improving (Akron Beacon Journal, April 14, 2010) The Federal Reserve said the economy expanded ''somewhat'' in Ohio and
most other parts of the U.S. in March as consumer spending and
manufacturing improved, signaling the recovery is broadening without
gaining much speed.|
Editorial: Lender can bring down neighborhoods (Dayton Daily News, April 14, 2010) There are a lot of people today who don't know the word "redlining."
That's because the practice was exposed, criticized and made illegal. An analysis of a half-million Ohio home loan applications asks - Is redlining back?
Editorial: Who should control tobacco-fund money?(Columbus Dispatch, April 14, 2010) The Ohio Supreme Court recently agreed to hear the American Legacy
Foundation's appeal of its
case seeking to overturn the state's decision to fund important
priorities during the current
economic slowdown by using the state's tobacco settlement money. Ohio's
high court should refuse to
second-guess the funding decisions made by the General Assembly and the
Entrepreneurs changing the image of Appalachia(Reuters, April 14, 2010)
stereotypes of Appalachia conjure images of a
backwater region blighted by poverty. Now the state of Ohio is working to change that perception by
promoting the region as an emerging hotbed for startups in industries such as
high tech and alternative energy.
Crisis becomes calamity as jobs vanish (Akron Beacon Journal, April 17, 2010) The ranks of the working poor grow, aid is stretched thin as the economy nose dives throughout Ohio. Each month, Job and Family Services puts out a map of the 88 counties,
assigns an unemployment figure for each county, and color codes the
results using yellow, sky blue, green and purple. The view is alarming.
Ravenna targets economic growth(Ravenna Record Courier, April 18, 2010) It's a tough economy in Ohio, with double-digit unemployment rates, and
Ravenna is no exception. And that's why Mayor Joseph Bica says it's the ideal time for the city
to hire an economic development director.
Inland port project moving forward (GoErie.com, April 18, 2010) John Elliott calls it a multimillion-dollar, long-range plan with the
potential to make Erie a global player when it comes to logistics. Officials both in Erie County and Conneaut, Ohio, are on board, lobbying
lawmakers in both states for public dollars.
Editorial: Most Ohioans paid less taxes in '09(Cincinnati Enquirer, April 18, 2010) Nearly every Ohio family paid less in federal income taxes this year
than it did last year. There has been a lot of heated rhetoric lately
about how changes in federal tax laws have affected families in Ohio and
across the country.
Job prospects improving only slightly for students (Columbus Dispatch, April 18, 2010) Young people - those in their mid-teens to mid-20s whose unemployment
rate is roughly double
that of all workers - are finding that the job market is only marginally
better than last year.
|Toledo-area schools on edge over status of funding (Toledo Blade, April 19, 2010) Toledo-area school district administrators and
others across the state refer to it as The Cliff: the point late in the
next fiscal year when federal stimulus money dries up and leaves school
budgets in deep trouble.|
Ohio Aerospace Institute Secures Business Management Role in NASA's One Stop Shopping Initiative(PR Newswire, April 19, 2010) Ohio Aerospace Institute (OAI) was recently awarded a $2.6 million five-year cooperative agreement
with NASA to provide business management support in connection with its
One Stop Shopping Initiative (OSSI). The OSSI will provide an agency-wide integrated system for undergraduate
and graduate students applying for a NASA internship or fellowship
Stimulus road projects to finish this year(Marietta Times, April 19, 2010) Two of the five economic stimulus-funded projects in Washington County
remain to be done this year, with more possibly to come. The larger of the two stretches across Washington and Noble counties is
along Ohio 145. The resurfacing project will include raised pavement
markers, pavement marking and berm conditioning for $3.16 million,
though only three miles of the project will be done in Washington
Cleveland schools' transformation part of national trend(The Plain Dealer, April 19, 2010) The Cleveland school district isn't alone in shutting down
low-performing buildings, moving to cut employees and promising to blow
up old ways of doing business. It seems to be happening everywhere.
Editorial: Third Frontier working for Ohio, Dayton(Dayton Daily News, April 19, 2010) If you can't explain the Third Frontier to people at work, that's OK;
But that's not a reason to vote against it. Passing Issue 1 on May 4 would allow the state to borrow $700 million
for the purpose of creating new jobs, mainly by leveraging research at