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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
May 10 - May 16, 2011

Greetings!
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.

Cisneros praises ties between UA, Akron  

(Akron Beacon Journal, May 12, 2011)  

Akron will be transformed because of the alliance of community, government and business partners collaborating under the University Park Alliance, said the former secretary of U.S. Housing and Urban Development at a luncheon on Wednesday.


Construction halted on Cincinnati, Cleveland casinos  

(Cincinnati Enquirer, May 12, 2011)  

Developers indefinitely halted construction of casinos in Cincinnati and Cleveland on Wednesday as an impasse with Ohio officials over future taxes escalated.  Casino developer Rock Gaming and its partner Caesars Entertainment said it makes no sense to continue construction without knowing how much in taxes they ultimately will have to pay.

 

Developer looking to build office, retail complex in downtown Springfield  

(Dayton Daily News, May 12, 2011)  

A Centerville developer plans to break ground this year on a 60,000 square foot office complex that will overlook the new downtown park, National Road Commons.

The four-story complex is planned for West Main and Center streets on the Commons, which is being developed by the Greater Springfield Chamber of Commerce and is located between Main Street and Columbia Avenue at Fisher Street and Mill Run, according to the Chamber.

   

Marina District land draws two potential new suitors  

(Toledo Blade, May 13, 2011)  

In the wake of last month's announcement that two Chinese investors had withdrawn their offer to buy more than half of the east-side Marina District, the city of Toledo has since received two other potential offers for the riverfront property -- one of which was submitted Thursday by a local trade union.

 

Growth in Valley   

(Youngstown Vindicator, May 11, 2011)

The manufacturing industry, which grew for the 21st-consecutive month in April, has remain relatively unchanged in the market since late last summer but is up about 10 percent from this time last year.

 

County creating 'land bank' for developers

(Cincinnati Enquirer, May 16, 2011)

As part of a plan to buy and collect properties for developers, Hamilton County commissioners plan to take money from every school district, township and county levy - whether those entities approve or not.

 

Increase in area jobs has retro look 

(Columbus Dispatch, May 13, 2011) 

As Columbus business leaders work to position central Ohio as a youthful, forward-looking community, a funny thing has happened: Most of the new jobs added in the area in recent months have been in manufacturing, a sector that retains a retro image.

 

Editorial: Events in Marion do have an affect on local economy 

(Marion Star, May 15, 2011)

Using the state's figures, one can guesstimate that for the 285 room nights with an average of three students per room could have potentially put $212,895 back into the Marion community when using the "overnight" spending figure.

 

Northeast Ohio is picking up jobs as economy improves, Team NEO reports

(The Plain Dealer, May 16, 2011)

Employment in the 16-county region was up by nearly 40,000 jobs during the first quarter, compared with a year before. That marked the first local first-quarter employment jump since 2007.

 

Median age rises throughout Ohio, Dayton region

(Dayton Daily News, May 16, 2001)  

The state's median age went up by 2.6 years, and only two of the eight counties in the region increased less than that, a Dayton Daily News analysis of 2010 Census data released last week has found.

 

New York Community Bank subsidiary pays $13.1 million for Ohio Savings Plaza in Cleveland 

(The Plain Dealer, May 16, 2011)  

The financial institution that took over AmTrust Bank has acquired the failed lender's headquarters in a $13.1 million deal with the federal government.

 

Farm funds enter budget battle  

(Fremont News Messenger, May 15, 2011)

In 2010, as the Ohio economy was just picking itself up off the ground, the state's farmers were posting their best year of profits since 1997.

 


         Edited and compiled by: Erika Franz, Center for Community Planning & Development, Maxine Goodman Levin College of Urban Affairs, Cleveland State University
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