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|Weekly News and Opinion from Ohio's Newspapers|
August 16 - 22, 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.|
|1 in 4 Ohio households didn't have enough money to buy food at times in the last year, report says|
(The Plain Dealer, August 16, 2011)
Ohio ranked 20th in the nation for food hardship in the report, and seven of the 100 most troubled metropolitan areas are in the state; only California and Florida had more.
Foreclosure lawsuit settled
(Toledo Blade, August 16, 2011)
A class-action lawsuit filed three years ago that provided the legal foundation for challenges to the financial industry's use of so-called "robo-signers" in foreclosure filings has been settled, with most of those who had been sued by one of the nation's largest debt-collection firms getting checks of $17.38.
Metro Toledo housing prices increase most in Ohio
(Toledo Blade, August 18, 2011)
The metro Toledo housing market had a strong performance in July, finishing first among Ohio's six top metro areas in housing prices and inventory, according to figures released Wednesday by the National Association of Realtors.
Manufacturing seen as key to saving economy
(Dayton Daily News, August 18, 2011)
Americans believe restoring manufacturing - a vital but declining component of Ohio's economy - is key to prosperity, a new national poll commissioned by an industry group found.
Suarez to start production at Hoover District on September 6
(Canton Repository, August 18, 2011)
Suarez Manufacturing Industries will be up and running in the Hoover District on Sept. 6, making products once made in China and creating jobs for local residents.
Kelley's Island ferry among regional projects to snag million of transportation dollars
(The Plain Dealer, August 19, 2011)
Projects ranging from a Kelley's Island ferry boat to a Shaker Heights intersection have received a helping of federal transportation dollars.
Regional economic recovery has been erratic
(Cincinnati Enquirer, August 19, 2011)
Northern Kentucky is ahead in jobs, while for Cincinnati it's still slow going. Meanwhile, the recovery in employment across the 15-county region has been slowest for residents of Cincinnati, Hamilton County and Clermont County, an Enquirer analysis of employment data from the Ohio Department of Job and Family Services shows.
Driller chooses office in Canton
(Warren Tribune Chronicle, August 19, 2011)
Chesapeake Energy Corp. announced Thursday that it will open a field operations office in Canton. Although the announcement
was a bit of a disappointment to some Mahoning Valley officials, it doesn't mean the area will necessarily be shut out from any potential economic gains.
Editorial: Creating JobsOhio
(Akron Beacon Journal, August 21, 2011)
Officials in the Kasich administration described how the governor's new private, nonprofit agency, JobsOhio, will work with regional economic development organizations and a restructured state Department of Development. Legislation needed to implement the strategy will be introduced in the fall.
Factory jobs going unfilled
(Dayton Daily News, August 21, 2011)
For many area residents, finding jobs right now is tough. But for Rob Baker, manager of the local Behr Thermal Products plant, finding good employees is just as difficult.
Ohio landowners joining up to get cut of billions in oil and gas action
( Akron Beacon Journal, August 22, 2011)
With billions of dollars at stake, Ohio landowners, lawyers and out-of-state dealers are rushing to lock up tens of thousands of acres for natural gas drilling in eastern Ohio.
Property sales boost city coffers
(Toledo Blade, August 22, 2011)
To balance its desperately strained 2011 budget, the city banked on selling $4.85 million worth of city-owned assets. With more than four months to go before the end of the year, the city has raised $4.3 million toward that goal. Pending sales of three city-owned parking garages and two smaller properties will bump that number to $6.3 million, Deputy Mayor Steve Herwat said.