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
June 1 - 7, 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.
Redistricting reform stalls in legislature (Columbus Dispatch, June 3, 2010) The spotted salamander and tax incentives for clean-energy projects were on their way to surviving a marathon day at the Statehouse yesterday, but a plan to change the way Ohio draws legislative districts did not.

Fish kills cost region $30 million annually (Toledo Blade, June 3, 2010) Northwest Ohio has been losing nearly $30 million a year from FirstEnergy Corp.'s failure to reduce fish kills at its coal-fired Bay Shore power plant in Oregon.

Local officials voice concerns on wind energy project (Van Wert Times Bulletin, June 4, 2010) Both Van Wert and Paulding counties have been in the cross hairs of wind energy companies over the past two years. While the planned wind farms could provide economic development to the region, many locals are keeping a close eye on the situation and on what role local officials will get to play - if any.

Foreclosures still rising in Mahoning Valley (Youngstown Business Journal, June 4, 2010) Data released Thursday by CoreLogic shows that the rate of foreclosures among outstanding mortgages for the Youngstown-Warren-Boardman area stood at 4.2% during April, compared to 3.75% for the same month in 2009, or a .45% increase.

57 to lose jobs as Lebanon auto supplier to close (Middletown Journal, June 5, 2010) A local plastics manufacturer will shut down its operations effective July 3, leaving 57 employees out of a job - one of the city's largest job losses.

Team NEO upsells area's global appeal (Akron Beacon Journal, June 6, 2010) More than 60 percent of the country's new direct foreign investment in 2008 came from Europe, according to a June 2009 report that van Kessel cites. Team NEO defines the region as a 16-county area, including Cuyahoga, Medina, Portage, Stark, Summit and Wayne counties.

Demand for debt counseling even higher now (Columbus Dispatch, June 6, 2010) As the economy starts to rebound, business is picking up for many industries, including, oddly enough, the debt-counseling industry.

Investing in energy technology makes sense (Youngstown Vindicator, June 6, 2010) Last week, Youngstown State University announced plans to install solar panels on the roof of the College of Engineering and Technology. This initiative, one of the largest clean energy projects of its type in northeast Ohio, is part of a campus-wide commitment to reduce energy consumption by 20 percent and save the university $500,000 per year in lighting costs alone.

State funding for Baard project approaches (The Review, June 6, 2010) Baard Energy must have its financing in place by June 30 for the Columbiana County Port Authority to retain $4.5 million in state funding received to purchase property for the project, but the company is prepared to proceed regardless of what happens.

Buried treasure (Youngstown Vindicator, June 6, 2010) Drilling is not likely to take place in the Mahoning Valley because the natural gas in the western part of the Marcellus shale requires more refinement. However, the area can benefit from the supply-chain network emerging to support the shale's exploration.

Figure skating event to bring $1M for local economy (Dayton Business Journal, June 7, 2010) A summer figure skating competition in Troy is expected to pump more than $1 million into the local economy. 

Who's to blame for job loss? (Cincinnati Enquirer, June 7, 2010) For the next five months, on an almost daily basis, the Democratic and Republican candidates for Ohio's open U.S. Senate seat will spend much of their time trying to tie an albatross around the other's neck.

Next on recession's hit list: teach salaries (Columbus Dispatch, June 7, 2010) After years of tightening their belts, school districts now are reaching into the bulk of their expenses - salaries and benefits - to curb costs. Across the state and nation, more school boards and unions are settling on one- to two-year contracts with cost-of-living increases from zero to 1.5 percent, officials say.

Ohio's young adults face long road to the middle (Public News Service-OH, June 7, 2010) According to a new report from Policy Matters Ohio, just as they should be getting started, young adults face high education costs, lower wages and weaker regulation of exploitative lending.

         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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