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
May 25 - 31, 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.
New battery plant could bring 1,000 jobs to area (Lancaster Eagle Gazette, May 25, 2010) Licking Countians will benefit from Columbus landing a new battery plant for an electric car manufacturer, but local economic development officials said it would be better if the company came to Licking County.

Regional foreclosures rose sharply in 1Q (Cincinnati Enquirer, May 27, 2010) Foreclosures shot up 13.5 percent in Greater Cincinnati and Northern Kentucky during the first three months of 2010.  A total of 4,302 households fell into foreclosure between January and March - 511 more than the same period in 2009.

How Akron has changed in 25 years (Akron Leader, May 27, 2010) Akron has not only reinvented itself over 25 years, but has rebuilt itself.In 1985, with the downtown O'Neil's Department store hanging on by a thread, community leaders worried that Akron itself might soon be closed for business.

Landlords complain about city's rental fees (Youngstown Business Journal, May 27, 2010) A new program designed to weed out problem landlords by funding a beefed-up inspection and code enforcement effort is drawing criticism from other property owners who say they play by the rules.

Wineries a boon to state economy (Coshocton Tribune, May 28, 2010) More than 100 small farms, including a few in Coshocton, are making a significant contribution to Ohio's economy. The Ohio wine and grape industry recently released its 2008 Economic Impact report, which found that Ohio's grape and wine industry contributed more than $580 million to the state's economy.

Venture capital firm to open Toledo office (Toledo Blade, May 28, 2010) An Ann Arbor venture capital firm that could have nearly $40 million to invest in startups at the commercially viable stage is opening a Toledo office.

Editorial: Another round of cooperation in NE Ohio (The Plain Dealer, May 28, 2010) The foundation-led economic development initiative received more than 50 proposals from prospective partnerships across a 15-county area. A team of outside evaluators culled the list to 10, and the fund has set aside $330,000 to support the three proposals that get the most votes in balloting that ends next week.

Ideas abound for airports in Dayton, Wilmington (Dayton Daily News, May 29, 2010) Public officials planning the economic redevelopment of the former DHL domestic freight hub at Wilmington hope to lure aviation jobs, non-aviation jobs and Air Force-backed test-flying of unmanned aircraft with increasingly sophisticated payloads.

Business openings: Vacant sites can be opportunities, or eyesores (Marietta Times, May 29, 2010) In November, after a year-and-a-half in business, the Bar-B-Cutie restaurant at 113 Pike St. closed, joining the ranks of several vacated businesses along the Pike Street corridor between Greene and Acme streets in Marietta.

What's next for Downtown (Columbus Dispatch, May 30, 2010) There are no prices attached yet to the 12 ideas packed into Columbus' proposed new Downtown plan. And there really aren't plans in the plan, either, its author insists.

Job-training tussle holds up casino bill (Cincinnati Enquirer, May 30, 2010) Ohio expects to pay for $200 million in job-training programs from one-time licenses charged to the state's four new casinos.

Local summer festivals threatened by economy (Dayton Daily News, May 30, 2010) The unofficial start of summer means one thing in the Dayton area. But economic pressures and reduced corporate sponsorship have several summer festivals in jeopardy. A few have already been canceled.

Ohio's job outlook gets a boost (Sandusky Register, May 31, 2010) Last month, Ohio led the nation in creating new jobs.It's an encouraging sign. The job situation in the state is expected to continue improving, although economists warn that the job gains likely will be slow.

Ohio's economy gets low marks (Columbus Dispatch, May 31, 2010) Nobody likes being below average, but that's where Ohio ranks in a U.S. Chamber of Commerce study on economic growth.  The state performed poorly in efforts to add jobs, but it has excellent roads and robust exports, the study found.

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