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|Weekly News and Opinion from Ohio's Newspapers|
May 1-7, 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.|
|Manufacturing's demise greatly exaggerated|
(Cincinnati Enquirer, May 4, 2012)
In Ohio, the difference is even more pronounced. Average compensation for manufacturing workers was $66,756 versus $41,921 for non-manufacturing workers, a 59 percent premium.
Regional approach touted in oil/gas development
(The Daily Jeffersonian, May 4, 2012)
At the monthly meeting of the Guernsey County Energy Coalition at the Southgate Hotel in Cambridge Thursday, Jo Sexton, president of the Cambridge Area Chamber of Commerce, said the Coalition has an opportunity to be involved in the new Eastern Ohio Oil and Gas Initiative that will allow Guernsey County to be more inclusive, relative to the oil and gas industry, in the Eastern Ohio Development Alliance (EODA).
Builders increase spending in Ohio
(Dayton Daily News, May 4, 2012)
Construction spending on new office space and retail and entertainment projects in Ohio increased last year at a healthy pace, and that growth suggests crucial parts of the state's economy are strengthening, according to new data and interviews with experts.
Ohio revenue beats projection by $350M
(Toledo Blade, May 5, 2012)
For the first 10 months of the fiscal year ending June 30, Ohio has brought in $349.9 million, or 2.3 percent, over projections. In April alone, the state collected $84.5 million, or 4.1 percent, more than expected, thanks largely to robust auto and other sales, personal income, and cigarette-tax collections.
Number of longtime jobless still at historic highs
(LimaOhio.com, May 5, 2012)
The problem is just a severe locally. The Ohio Department of Job and Family Services estimated 282,019 individuals will exhaust benefits between now and the end of the year. In Allen County alone, 2,111 people are expected to use up their unemployment benefits by year's end. Displaced workers in Ohio are eligible for anywhere between 26 and 73 weeks of unemployment pay, depending on their situations.
Local arts agencies help communities thrive
(Newark Advocate, May 6, 2012)
A January 2012 report by Americans for the Arts found that 344 arts-related businesses -- ranging from visual arts and photography to museums to art schools -- employed 961 people in Licking County.
Editorial: State budget surplus justifies revisiting funding for schools
(Youngstown Vindicator, May 6, 2012)
When Gov. John Kasich and the Republican controlled General Assembly adopted the state's $55 billion biennium budget, they justified the deep cuts in funding for school districts and local governments by contending that they had to deal with an $8 billion deficit in the spending plan.
Regulations hurting, small businesses say
(Coshocton Tribune, May 6, 2012)
Chapdelaine and others in the small business community said they are worried a rash of regulations being crafted by federal agencies will stymie job growth further than the economy has in recent years.
Colleges investing $461M in construction on campuses
(Springfield News Sun, May 6, 2012)
More than $461 million will be invested in new buildings and major renovations on college campuses in the region in the coming years, bringing businesses to the area and signaling the continued growth of the higher education industry locally.
Jobs may come to Springfield with drones
(Springfield News Sun, May 6, 2012)
If the Springfield-Beckley Municipal Airport is selected this year as one of six sites nationwide by the Federal Aviation Administration where testing flights of Unmanned Aircraft Systems will be done, it does more than just put drones in our skies.
Editorial: Due to Ohio
(Akron Beacon Journal, May 6, 2012)
John Kasich likes to hold up two dimes when he speaks to audiences. The governor explains that the 20 cents reflect the severance tax the oil and gas industry pays on a barrel of oil. The industry pays 3 cents on 1,000 cubic feet of natural gas. Both rates are low in comparison to other states. The governor rightly wants to update and increase the levies in view of the drilling boom developing in the state's rich shale formations.
Health research: Cure for economy?
(Columbus Dispatch, May 7, 2012)
Ohio's health-care sector increasingly sees medical research as a way to help heal not only patients but the state's economy.
Cuyahoga, Allegheny executives talk economic development, government collaboration
(The Plain Dealer, May 7, 2012)
Once dependent on steel, they're working to retool themselves as Hollywood backlots, hubs of innovation lined with waterfront recreation.