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|Weekly News and Opinion from Ohio's Newspapers|
August 9 - 15, 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.|
Freight plan 'vital' to economy
(Cincinnati Enquirer, August 10, 2011)
More than 323 million tons of freight flow through Greater Cincinnati every year by air, road, river and rail - and that figure is expected to increase by 56 percent, to 487 million tons, over the next three decades.
Editorial: Shale's promise
(Columbus Dispatch, August 10, 2011)
Reports that the state could be producing billions of dollars worth of natural gas from Utica and Marcellus shale give rise to visions of jobs, profits, tax revenues and spinoff industries that could return Ohio to an era of prosperity. It is some of the best economic news for Ohio in years.
Councilman urges funds for land go to battle blight
(Toledo blade, August 10, 2011)
A request to spend more than $1 million in city funds to purchase undeveloped land in southwest Toledo met with a counterproposal Tuesday by Councilman Mike Craig, who urged the money be used to tear down blighted buildings.
Report: more Ohio business women to hire
(Youngstown Vindicator, August 11, 2011)
About 26 percent of Ohio women business owners plan to add employees this year, compared with the nationwide average of 15 percent, and at least 60 percent of Ohio owners expect their full-time employment rates to remain steady
Western & Southern tennis tourney provides $25M boost
(Dayton Business Journal, August 12, 2011)
The tournament is expected to bring in close to $25 million in economic impact for the Southwest Ohio region, including parts of the Dayton area to the south, as well as the northern parts of Cincinnati. That makes it one of the largest boosts to the region's economy from a single sporting event.
Chrysler looks at even bigger plans for Toledo
(Toledo Blade, August 12, 2011)
As Chrysler employees and metro Toledo celebrated the news Thursday that the automaker plans to add 1,105 jobs to its local work force, new documents released by the City of Toledo indicate that the automaker's future plans for its Toledo Assembly complex may be grander than first thought.
Soybean pact could mean $3B jump in exports
(Zanesville Times Recorder, August 13, 2011)
With 55 percent of Ohio's total agriculture exports coming from soybeans, a potential free-trade agreement with Panama, South Korea and Colombia is getting high praise from local farmers and the Ohio Soybean Association.
Rail-to-water access on Ohio being sought
(Marietta Times, August 13, 2011)
Natural gas exploration and the upcoming expansion of the Panama Canal have state and local officials hoping to tap into some of the undeveloped potential of the Ohio River.
Ohio officials to cut trade office ties overseas
(The Plain Dealer, August 14, 2011)
Ohio is ending its ties with trade offices overseas as a new semiprivate nonprofit entity prepares to take over the job creation duties of the state's Department of Development.
Government jobs fuel earnings growth in Ohio metros
(Marion Star, August 15, 2011)
Columbus, the fastest growing metro area in the state by personal income (defined as a person's earnings from work or investment, but also government payments to people), benefited from a $277 million increase in earnings by state and local government workers, U.S. Bureau of Economic Analysis data shows.
Stark 20/20: Stark governments share services rather than merge
(Canton Repository, August 15, 2011)
Combined, government expenses totaled roughly $1 billion. It's a rising figure that's gaining more attention from residents who are sick of paying taxes. Increasingly, taxpayers are challenging their elected officials to figure out how to reduce the costs of basic public services - without raising their tax rates.