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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 28 - July 4, 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.

Tax credits may spur 700 jobs
(Columbus Dispatch, June 28, 2011)
Seven companies could create nearly 700 jobs in central Ohio in the next few years with the help of state tax credits approved yesterday by the Ohio Tax Credit Authority.

Editorial: Listen to Taft on rules for Lake Erie
(Canton Repository, June 28, 2011)
Taft cautioned the Senate Agricultural, Environment and Natural Resources Committee against these high limits, and against a provision that would keep officials from considering the cumulative impact of withdrawals but only the impact of each individual request.

Toledo economy rebounding
(Toledo Blade, June 30, 2011)
Income tax collections for Toledo increased again compared to 2010 figures -- indicating the city's economy continues to rebound -- but at the same time, the city's spending is over-budget and a recently formed task force to hit back on crime is expected to take a big hit on the city's wallet.

Ohio has nation's biggest drop in unemployment
(Dayton Daily News, July 1, 2011)
Ohio is reporting the nation's largest decline in new applications for unemployment benefits, while the government says the number of claims nationwide is mostly unchanged.

Cleveland's Slavic Village out of spotlight, still in crisis
(The Plain Dealer, July 1, 2011)
Reporters no longer come as often from around the world to survey the wreckage, but Cleveland's Slavic Village neighborhood continues to deal with the aftermath of the foreclosure crisis.

Gone are flippers who cashed in on fraudulent appraisals and home loans; in their place are wholesalers dumping houses on the cheap. Ward Councilman Anthony Brancatelli and the nonprofit Slavic Village Development Corp. would rather just tear down what's beyond salvaging and start over.

Calisolar dashes region's hopes, isn't coming to Ohio
Bucyrus Telegraph Forum, July 2, 2011)
The conditional loan would have helped Calisolar begin manufacturing, most likely in the former GM stamping plant in Ontario. It would have created nearly 1,100 permanent jobs and up to 1,000 construction jobs. Calisolar produces low-cost silicon used for making solar cells.

Ohio faces shortage of skilled workers
(Columbus Dispatch, July 3, 2011)
A new study from a Washington policy-research group predicts that Ohio will struggle to find skilled workers to fill new jobs during the next decade, a projection that is in line with Ohio universities' expectations that the number of high-school graduates will fall.

Editorial: Ohio Budget: Changing how state does business
(Cincinnati Enquirer, July 3, 2011)
The budget gives local governments new tools to manage the revenue loss - notably health insurance pools to cut costs and monetary incentives to share services and consolidate.

Editorial: Farming out the turnpike
(Youngstown Vindicator, July 3, 2011)
Whatever the explanation, the sale or lease of the Ohio Turnpike remains a bad idea. And it remains an idea that is neither politically conservative nor fiscally prudent.

Foreclosure lawsuits plummet in Summit County
(Akron Beacon Journal, July 3, 2011)

Banks and mortgage lenders are filing fewer foreclosure lawsuits in Summit County. The number has plummeted so far this year, the county is on pace to record its lowest total since 2002.

Overall, there were 1,489 suits filed from January through June, compared with 2,067 over the same period last year.

City, township vow economic development cooperation
(Delaware News, July 4, 2011)
The city of Pickerington and Violet Township are looking at ways to "erase the imaginary boundary lines" that have kept the two governmental entities working apart on economic development activities.

Battery-powered streetcars in Cincinnati?
(Cincinnati Enquirer, July 4, 2011)
Another possible plus that has captured Mallory's attention is that the battery-powered streetcars could be partly manufactured in Cincinnati.

         Edited and compiled by: Molly Schnoke, Center for Community Planning & Development, Maxine Goodman Levin College of Urban Affairs, Cleveland State University
CSU Levin College Forum | Cleveland State University | Maxine Goodman Levin College of Urban Affairs | 1717 Euclid Avenue | Cleveland | OH | 44115