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|Weekly News and Opinion from Ohio's Newspapers|
July 27 - August 2, 2010
|Welcome to the latest issue of Economic News from Ohio's Regions, a new 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.
|Ohio economy among nation's 10 worst (Dayton Business Journal, July 27, 2010) The study gives Ohio a -7.21 score for employment, pointing out the
Buckeye State lost 48,500 jobs from 2009 to May 2010, and lost 385,800
jobs since 2005. |
Editorial: Acting Regionally (Akron Beacon Journal, July 27, 2010) Elected officials in northern Summit County sharply escalated
their opposition to a new storm-water management fee last week. A group
of mayors, council members and trustees urged residents not to pay
unless a judge rules the charge legal. The fee, about $57 a year for the
average homeowner, was approved in January by a regional sewer district
board. It has not yet been imposed. Both sides have taken the issue to
Fed: Economy in Ohio, region hold steady (Columbus Business First, July 28, 2010) The economy in Ohio and nearby states fell short of an upward climb
unlike other areas in the past several weeks, but a new federal report
shows conditions held stable while some regions showed signs of a
Cuyahoga County executive Candidates share ideas for economic development at forum (The Plain Dealer, July 28, 2010) Ideas ranged from the imaginative -- Disney World in Cleveland -- to the
basic, such as collaborating with private-sector organizations to
attract jobs to Northeast Ohio.
Ohio Legislature's biennial budget still is unsustainable (Lancaster Eagle Gazette, July 29, 2010) A quick survey of the looming disaster facing our state spotlights the
repercussions of this financial mismanagement. Ohio is experiencing its
14th consecutive month of double-digit unemployment, and there is no
indication that the economic climate will significantly improve within
the next 12 months.
Construction hiring rises in Columbus (Columbus Dispatch, July 29, 2010) Columbus was the only city in Ohio and one of only two dozen cities nationally to add
construction jobs between June 2009 and June 2010.
Ohio 7 site receives $750K grant (Marietta Times, July 31, 2010) A $750,000 grant to support the Southeastern Ohio Port Authority's
Ingenuity Center project will help create jobs in a growing Washington
Northeast Ohio gaining high-tech jobs, but not as fast as rest of state, nation (The Plain Dealer, August 1, 2010) Northeast Ohio saw the number of jobs in high-tech industries rise in
2008, a sign that the desired change from a brawny economy to a brainy
one continues, high-tech advocates say.
Editorial: Slow down biomass boondoggle (Toledo Blade, August 1, 2010) Ohio's alternative-energy industries got a major
boost in June, when Gov. Ted Strickland signed a law that will lower
state tax rates on wind, solar, and other forms of renewable power.
Solar and wind companies in northwest Ohio will especially benefit.
Editorial: General Assembly must relieve public pension burden (Lancaster Eagle Gazette, August 1, 2010) Not only are three of Ohio's public pension systems unable to assure
they can pay promised benefits for 30 years as required by law, there
are increasing questions about whether public employees are getting a
better retirement deal largely funded by private-sector taxpayers who
have lost many of their retirement benefits.
Editorial: Racing for the top (Toledo Blade, August 2, 2010) When Ohio finished out of the money in March in
the race for millions of federal dollars to close achievement gaps and
improve failing schools, one factor in the decision was that barely half
the state's public and charter schools had signed on to the reforms.
Mileage fee alternative to gas tax? (Columbus Dispatch, August 2, 2010) For decades, paying for roads has been fairly straightforward. Motorists pay at the pump through gasoline taxes. It's more or less fair, too: The more you
drive, the more you pay. But more and more, people involved in transportation planning and construction say that model is
breaking down as many vehicles get better gas mileage or don't use gasoline at all.
Valley foreclosures higher than State (Youngstown Business Journal, August 1, 2010) Foreclosures and delinquencies of more than 90 days on mortgages in the
Mahoning Valley are both up form a year ago and above the national and
state average last month, according to a national company that tracks
real estate data reports.
Ohio focuses on fixing bridges (Zanesville Times Recorder, August 2, 2010) A CentralOhio.com analysis of 44,160 inspection reports shows Ohio did
significant rehabilitation work on 25 percent fewer bridges in 2009 than
in 2007. Ohio has stepped up its spending -- thanks to federal stimulus dollars
-- but budget cuts at the county level have some engineers weighing
roads vs. bridges, or doing less work on both.