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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 7 - 13, 2011

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.

Energy tech key to manufacturing revival 

(Youngstown Business Journal, June 7, 2011)

The DOE official praised the TechBelt initiative -- the collaborative partnership stretching from Cleveland to Pittsburgh, which he says puts together "some of the world's best universities and some of the most creative companies" -- among factors making Ohio overall and this region in particular attractive to potential manufacturers, along with Ohio's renewable standards portfolio and Third Frontier program.

Tourism increases in Ohio as pent-up demand begins to burst
(News Herald, June 8, 2011) 

Burdened the past few years by the glacial pace of the economy, Ohio's tourism appears to have entered a thaw.And local tourism officials say that's benefiting Northeast Ohio's go-to attractions, activities and amenities.


JobsOhio plan changed in Senate 

(Dayton Daily News, June 9, 2011)  

The budget bill includes $111.8 billion in spending during two years, including $55.66 billion in general revenue money. The spending plan calls for privatizing five prisons and selling a sixth, privatizing the Ohio Lottery, imposing steep funding cuts on schools and local governments, capping college tuition increases at 3.5 percent for four-year colleges or $200 for two-year schools, cutting future legislator pay by 5 percent, eliminating the estate tax by 2013 and focusing Medicaid policy on preventative and managed care to save money.


3CDC receives Ohio credits 

(Cincinnati Enquirer, June 9, 2011)

The Cincinnati New Markets Fund LLC, for which 3CDC has daily operating responsibility, will receive $2 million in tax credits for a minimum of $5.1 million in investment activity. The goal of the New Markets Fund is to help 3CDC revitalize the city's central business district and Over-The-Rhine neighborhood by making below-market-rate loans to commercial, residential and community real estate projects.


Editorial: Bridge to Finland 

(Akron Beacon Journal, June 10, 2011)

Akron's Finnish connection, part of the city's longstanding effort to attract investment from foreign companies looking to expand into the American market, has paid off again. A week ago, 7signal Ltd., based in Helsinki, announced it would open its American headquarters in the Akron Global Business Accelerator.


Cincinnati financial sector loses jobs 

(Cincinnati Business Courier, June 10, 2011)

The financial sector has bounced back in only three of 100 major U.S. markets, and Cincinnati is not among them.


More Ohioans renting
(Fremont News Messenger, June 12, 2011) 

More Ohioans are renting their homes than a decade ago, with some communities seeing more lessors than homeowners, according to data from Census 2010.


Guest Column: Northeast Ohio puts technology to work 

(The Plain Dealer, June 11, 2011)

Experts across Northeast Ohio have been working for years to use technology to create growth and jobs. Impressive energy, money and intellect are being poured into clusters of activity such as flexible electronics, renewable energy systems, biomedical and biotech products, new materials and polymers.


Development efforts are good first step 

(Ironton Tribune, June 12, 2011)

The Lawrence Economic Development Corporation, the Lawrence County Port Authority and the Southern Ohio Port Authority of Scioto County have partnered to form the Green-Hamilton Development Oversight Committee with the singular focus of promoting industrial development in what is often called the Hanging Rock Corridor along County Road 1A.


Editorial: Cities should sign no poaching pact
(The Plain Dealer, June 13, 2011)  

From a regional economic standpoint, it makes little sense for communities in Greater Cleveland to try to lure employers already here -- and committed to staying here -- to move from one city to another. The labor market from which those firms draw workers already encompasses the entire metropolitan area. So moving, say, 200 jobs within the region doesn't change the total number of jobs -- though it might create a short-term bump in construction or relocation work.



         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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