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|Weekly News and Opinion from Ohio's Newspapers|
July 26 - August 1, 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.|
Foreclosed homes in Cuyahoga are significantly more likely to remain vacant for years, Federal Reserve study finds
(The Plain Dealer, July 26, 2011)
Foreclosed homes in Cuyahoga County are more likely to remain vacant up to five years after they're sold compared with homes sold by traditional means.
County businesses expand
(Morning Journal, July 26, 2011)
Two Lorain County business expansions will create 36 jobs and generate more than $4 million in new investment in Lorain and Avon Lake.
Ohio City's rebirth and growing pains discussed by City Club panel
(The Plain Dealer, July 27, 2011)
Businesses are thriving, new restaurants and shops are moving in, and the neighborhood is winning accolades for its vibrancy and authenticity.
Team NEO seeks lead role in JobsOhio
(Youngstown Business Journal, July 27, 2011)
Team NEO, which the Youngstown/Warren Regional Chamber helped establish in 2003 to promote economic development in Northeast Ohio, could wind up as the development office for the 18-county region under Gov. John Kasich's JobsOhio plan.
Ohio leaking jobs again
(Columbus Dispatch, July 27, 2011)
Thousands of central Ohio workers lost their jobs in June as weak economic growth nationally helped push the region's jobless rate to its highest point since February.
Ohio's economy slowing, Fed finds
(Columbus Business First, July 28, 2011)
The report of moderating growth was handed down for eight of the Fed's 12 districts, including its Cleveland branch that covers Ohio. That's up from four districts in the previous report, Bloomberg reported.
Chesapeake hopes to drive Ohio's economy
(Canton Repository, July 29, 2011)
Chesapeake Energy's plans to drill in the Utica shale will lead to "tens of thousands of jobs" in eastern Ohio, the company's top executive said Friday.
In-state travel helped generate tourism jobs
(Dayton Daily News, July 29, 2011)
One of the few bright spots in Ohio's anemic jobs recovery has been employment in the state's leisure and hospitality sector, which added 10,600 new jobs last month - more than any other category.
Boon or bust? Growth along Corridor D slower than expected
(Marietta Times, July 30, 2011)
Three years later there's still no real economic boom on either side of the river, although the Parkersburg area has seen a couple new fast food eateries and a new steakhouse near Corridor D, a few miles south of the bridge.
Editorial: Land bank's efforts to remove itself from County oversight by fiddling with its bylaws deserves the resistance its getting
(The Plain Dealer, July 30, 2011)
After just two years, the Cuyahoga County Land Reutilization Corp. has become a national model for turning foreclosure crisis into local gain. By acquiring and clearing land on a scale no single community could manage, it has quickly become a powerful weapon against the blight caused by predatory abandonment and foreclosure.
Editorial: It's time for City Council to make hard decisions
(Cincinnati Enquirer, July 30, 2011)
it's time council agrees on what constitutes basic city services. As it wrestles with the larger deficit, council will have to decide if it's the city's role to maintain five health clinics, for example, or operate as many rec centers or pools.
Kasich pushing for school district consolidation
(Columbus Business First, August 1, 2011)
Education experts have noted that Ohio's school district boundaries are very old and reflect an economy that has changed significantly in more than a century. But states that have explored district mergers, such as Maine and Delaware, have seen mixed results, the paper reported.
Kasich forges ahead on Job 1
(Cincinnati Enquirer, August 1, 2011)
Now, with a high-powered board of directors just appointed, the building blocks of the plan are coming together. It is nothing less than a remake of Ohio's chief vehicle to attract and keep businesses.
Editorial: Big spenders
(Akron Beacon Journal, August 1, 2011)
Republicans campaigning for the Statehouse a year ago spent much time championing performance audits. They called for casting a cold, hard eye on state operations, squeezing every possible dime of savings. The recently approved two-year state budget reflects a willingness to whack spending, especially for schools, local governments and many programs for the disadvantaged. What did lawmakers miss? They let slide roughly $15 billion in tax expenditures for the biennium, the many tax credits, exemptions and deductions that work just like spending programs.