|Email the Editor|
Thank You to our sponsor:The Ohio Department of Development
|Weekly News and Opinion from Ohio's Newspapers|
July 17 - 23, 2012
|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.|
|40K jobs at risk in Ohio|
(Dayton Daily News, July 17, 2012)
The country stands to lose 2.1 million jobs in its defense and civilian sectors, including about 40,000 in Ohio, if Congress and the White House do not stop automatic, across-the-board spending cuts scheduled to begin in January 2013, according to a new study done for a defense contractors' trade association.
Editorial: Real property value
(Toledo Blade, July 17, 2012)
The average property of any type -- commercial or residential -- lost about 10 percent between 2006 and 2009. Now, the county proposes reducing the average residential property value by about 12 percent more. For most people in Lucas County, as in the rest of the United States, their home represents a large portion of their personal wealth. So when the value of their property goes down, they feel poorer and more anxious.
Cuyahoga County office search, building sales could reshape parts of downtown Cleveland
(The Plain Dealer, July 18, 2012)
Downtown Cleveland's quest for revival could get a boost from Cuyahoga County, which plans to shift hundreds of workers into a new headquarters and sell 13 buildings -- eight of them in or near the heart of the city.
Public spending on cities' infrastructure vital to economy, report says
(The Plain Dealer, July 19, 2012)
A new report prepared for the U.S. Conference of Mayors says transportation infrastructure improvements in urban areas are vital to the economy, and that inadequate public spending on roads, rails and ports puts the nation at a disadvantage in the global marketplace.
Foreclosure lawsuits on rise in Summit County
(Akron Beacon Journal, July 20, 2012)
Summit County has had a significant problem with foreclosures. Over the last five years, banks and mortgage lenders have filed more than 20,000 foreclosure suits. They peaked at 4,548 in 2006.
Economy leads Midwest
(Cincinnati Enquirer, July 20, 2012)
The regional economy is outperforming most other Midwestern economies, a leading local economist told Covington business leaders on Thursday.
Editorial: Stake in the turnpike
(Akron Beacon Journal, July 21, 2012)
John Kasich seems to understand the stake that Northern Ohioans have in the Ohio Turnpike. The governor has proposed that if the turnpike is leased to a private entity, an appropriate amount of the proceeds would focus on the region.
Rest-stop development is stalled
(Columbus Dispatch, July 21, 2012)
No potential developers joined the selection process yesterday before the Ohio Department of Transportation's first deadline. Developers were asked to submit their qualifications for developing, operating and maintaining five rest areas in Pickaway, Hocking and Athens counties.
Temp workers account for a third of job growth
(Dayton Daily News, July 22, 2012)
A surge in hiring of temporary workers in Butler County and Ohio in the last two years indicates that some local companies are expanding, but remain reluctant to bring on permanent employees because of uncertainty about the economy and the future demand for products and services, according to industry experts.
Braintree grows small businesses
(Mansfield News Journal, July 22, 2012)
The 2010 departure of Ontario's General Motors stamping plant left numerous entrepreneurs uncertain about their businesses and residents worried more jobs would follow the leading industries out of the county.
Residents seeking home rule hit snag
(Youngstown Vindicator, July 23, 2012)
A group of Beaver Township residents who oppose fracking in their hometown collected signatures on petitions to place a limited-home-rule initiative on the Nov. 6 ballot.
County program helps businesses start up
(Sandusky Register, July 22, 2012)
Erie County officials provide low-interest loans, through the revolving loan fund, to entrepreneurs and their business ventures if they can promise they'll add jobs to the area workforce.
Ohio's mayor's courts, big business
(Columbus Dispatch, July 23, 2012)
The rap sheet against Ohio's mayor's courts says that some spend public funds on holiday parties and flower arrangements, fail to properly account for hundreds of thousands of dollars, and use traffic fines to prop up village budgets.Mayor's courts have long drawn fire from opponents who say it's time to throw the book at the state's small-town "speed traps."