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|Weekly News and Opinion from Ohio's Newspapers|
July 5 - 11, 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.|
|Nearly 75% of Ohio small-business owners say economy still in recession|
(Cincinnati Business Courier, July 5, 2011)
Ohio's small-business owners still see the economy as being in a recession and most don't expect to generate revenue growth next year.
Spanish solar panel maker Isofoton commits to Ohio plant
(Columbus Business First, July 6, 2011)
Economic development sparked by a planned solar farm in eastern Ohio will benefit more than one company in Columbus. The Ohio Department of Development on Wednesday announced Spanish manufacturer Isofoton will build its first manufacturing facility in North America in the northwest Ohio city of Napoleon.
Foreclosures decline in Franklin County
(Columbus Dispatch, July 7, 2011)
Franklin County foreclosure filings dropped in June for the seventh straight month, as banks modify more loans and the economy inches up.
Editorial: City should get an audit - and act on it
(Cincinnati Enquirer, July 7, 2011)
Cincinnati City Council members are wise to call for a state performance audit to help the city control costs and operate more efficiently. Council must define the scope of such a study by the Ohio Auditor's office, and it must resolve to turn its recommendations, wherever they may lead, into action. But the review is a smart idea.
Businesses net million moving within Ohio metros
(Forbes, July 8, 2011)
Relocations that netted small- and medium-sized businesses at least $39 million in property tax breaks to move around within the Cleveland and Cincinnati regions largely sent jobs from areas of poverty into more affluent communities, according to a study released Thursday.
Editorial: Success in budgeting (part 2)
(Akron Beacon Journal, July 8, 2011)
The big question is how to get mayors, commissioners, trustees and other officials pointed in the right direction, in short, overcoming inertia. The governors's budget plan was heavy on cuts. Legislators correctly insisted on incentives in the form of $45 million in loans and grants for local governments to study and plan cooperative projects.
Cleveland's high tech employers are hiring
(The Plain Dealer, July 9, 2011)
Many of the more than 2,500 IT companies in Northeast Ohio belong to NEOSA, which is part of the Council of Smaller Enterprises. The network's most recent quarterly survey shows that while other business sectors may be debating whether to hire, unsure in which direction the economy is headed, the technology sector isn't ready to take down their Help Wanted signs.
Metro Toledo drops to 178th on Forbes list
(Toledo Blade, July 9, 2011)
Toledo's place on Forbes Magazine's rankings of the Best Places for Business and Careers continued to decline this year with the release this week of the publication's annual survey of the 200 largest metro areas in the United States.
Merging localities seems unlikely
(Columbus Dispatch, July 10, 2011)
The state's new two-year budget makes it easier than ever for townships and municipalities to merge or share services to save money, but local government leaders say mergers likely will remain rare even if services suffer.
Vacant home fires cause millions of dollars in damage statewide
(Zanesville Times Recorder, July 10, 2011)
The city of Zanesville has 1,521 vacant housing units -- houses, apartments, condos, etc. -- according to 2010 census data. That's 12.3 percent of all housing units in the city, a 31.4 percent increase since 2000, according to the data. Muskingum County has 3,803 vacant units.
Editorial: Yes, government can shrink
(Canton Repository, July 10, 2011)
The bill's sponsors say that abolishing the boards will save state government about $6.7 million over the next five years. That is not a lot of money in the scheme of things, and some of what the bill accomplishes, such as with boards that have issued final reports, is mere housecleaning.
Mayor Williams: "We've made a lot of progress"
(Youngstown Vindicator, July 10, 2011)
During Williams' time as mayor, the city's downtown has enjoyed a renaissance with new businesses, restaurants and housing projects.
Development group outlines Ohio 63 plan
(Dayton Daily News, July 11, 2011)
A group under the direction of Butler County Transportation Improvement District set out nearly a year ago to come up with a coordinated development vision for the Wayne Madison valley.