Economic News from Ohio's Regions
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Maxine Goodman Levin College of Urban Affairs, Cleveland State University
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Weekly News and Opinion from Ohio's Newspapers
September 14 - 20, 2010

Greetings!
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.
Developers selected for proposed Lake Erie wind farm off Cleveland's coast (The Plain Dealer, September 14, 2010) he group working to establish a wind farm in Lake Erie has selected a team of three companies as developers. The three companies are Bechtel Development Company Inc., Cavallo Great Lakes Ohio Wind LLC and Great Lakes Wind Energy LLC.

Miamisburg project lands $2.3M (Dayton Business Journal, September 14, 2010) Ohio businesses and communities
are scheduled to receive more than $4.8 million in economic development grants to aid economic growth. The grants will help spur more than $33 million in spending, and is expected to create 174 jobs and retain 765 jobs.

PolyOne scores grant to create 10 jobs, retain 567 (The Morning Journal, September 14, 2010) The Ohio Department of Development yesterday announced the company will receive a $32,000 Rapid Outreach Grant to pay for new machinery at PolyOne's Avon Lake facility.

Youngstown posts largest gain in manufacturing in US (Youngstown Vindicator, September 15, 2010) Although the city's economic performance remains one of the worst among the nation's largest metropolitan areas, Youngstown has shown signs of economic recovery last quarter, posting the largest gain in manufacturing employment in the country.

Cincinnati casino brings hope for rebirth (Cincinnati Enquirer, September 16, 2010) The team hopes to raise $25,000 to help fund its efforts. They recently landed $8,000 from the city of Cincinnati to conduct a six-month study of building and development opportunities within a half-mile radius of the casino site. In conjunction with UC's Community Design Center, the group plans to host of a series of community dialogue sessions.

Development group combats job losses (Mansfield News Journal, September 18, 2010) North central Ohio is a region reeling from plant closures and job losses. The Richland Community Development Group is trying to combat that scenario.

County summit focuses on creating green jobs (Newark Advocate, September 18, 2010) Licking County does not want to get left behind in the rush to capture "green" jobs. On Thursday, around 100 people, including business and educational leaders from throughout the county, attended a summit focusing on emerging green practices.

Editorial: Importance of startups: Time to invest locally (Cincinnati Enquirer, September 17, 2010) Over the past 20 years, startups accounted for 100 percent of net job growth in the U.S. They create jobs today and are the Fortune 500s of tomorrow. And Fortune 500s are essential to our local economy, but the ones we have are getting old.

Bioscience can be just the pill Ohio's economy needs (Columbus Dispatch, September 19, 2010) Employment in Ohio's bioscience sector has grown almost 18 percent since 2000, to more than 55,000 workers. The sector includes drugmakers, research institutes, medical laboratories, diagnostic-imaging centers and medical-equipment manufacturers - more than 1,200 companies in all.

Editorial: Hard Times (Akron Beacon Journal, September 19, 2010) There were more Americans in poverty last year - roughly 44 million - than at any time since such tracking began in 1959. In Ohio, the poverty rate climbed a full percentage point, from 12.5 percent to 13.5 percent, with as many as 117,000 Ohioans slipping below the line.

Experts see potential for Chinese investors (Toledo Blade, September 19, 2010) Several state and local development specialists say there are real opportunities for Chinese investment in Toledo and Ohio, just as foreign ownership from Canada, Europe, and Japan has ventured into the local economy.

Tourism marketing of Columbus falling short (Columbus Dispatch, September 19, 2010) In a central Ohio tourism industry that generates $7 billion annually, convention business is king because big groups tend to stay longer and spend more than individual business travelers or tourists.

Despite weak economy, rate of employment loss slow in Toledo area (Toledo Blade, September 19, 2010) Metro Toledo's economy was ranked last week by the nonpartisan Brookings Institution as one of the 20 weakest-performing in the nation - a finding with which few looking for work in the four-county metro area would argue.

Editorial: Movie industry in Ohio is rolling (The Plain Dealer, September 20, 2010) Tinsel Town is trickling into Ohio, thanks to the Motion Picture Tax Credit that Gov. Ted Strickland finally signed into law in July 2009. In the last 10 months, five flicks have been filmed in Northeast Ohio.

Delinquent taxes take toll on school district budgets (Zanesville Times Recorder, September 20, 2010) More than $1 million in delinquent taxes is owed to the Franklin Local School District after this year and nearly $5 million from years past to now. Delinquent property taxes statewide for 2008 reached $1,748.6 million, which is a 15.3 percent increase from the 2007 total of $1,516.8, according to the Ohio Department of Taxation.


         Edited and compiled by: Molly Schnoke, Center for Community Planning & Development, Maxine Goodman Levin College of Urban Affairs, Cleveland State University
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