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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 18 - 24, 2012

Greetings!
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.

Wildlife tourism pumps $3.6B into Ohio economy

(Dayton Daily News, September 18, 2012)

Ohio's outdoor industry is big business, and anglers, hunters and wildlife-watchers pumped $3.6 billion into the state's economy last year, an increase of more than 12 percent from 2006, according to a new federal survey.      

     

Ohio Rust Belt Reset: History Leaves Clues To Recapturing Swing State's Industrial Glory

(Forbes.com, September 18, 2012)

Although parts of northeastern Ohio are now in the throes of a well-publicized heavy industry reboot, the state also has high-tech dreams of digitally-rebranding itself as Rust Belt Chic.  The goal is to diversify its industries so that rejuvenated auto and steel operations co-exist with the kinds of tech start-ups that made household names out of Redmond, Mountain View and Cupertino.      

  

Metro Toledo ranking on recovery holds firm

(Toledo Blade, September 19, 2012)

Overall, metro Toledo's recovery from recession ranked 16th - unchanged from last quarter - in the Brookings Institution Metropolitan Policy Program's second quarter 2012 Metro Monitor report, which was released Tuesday. The monitor attempts to rank the recoveries of the 100 largest U.S. metropolitan areas by examining improvements in employment, unemployment, housing values, and output.    

 

Jones seeks 'game-changer' fund 

(Cincinnati Enquirer, September 19, 2012)
City economic development director Odis Jones on Tuesday unveiled a new, big-thinking strategic plan that calls for the creation of a "mega incentive" to attract new businesses and a $61 million bond "pool" for wide-spread neighborhood business investment.  

  

Third Frontier trims JumpStart's budget request, warns agency to achieve bigger results

(The Plain Dealer, September 19, 2012)

A prickly Ohio Third Frontier Commission renewed its support for entrepreneurship in Northeast Ohio on Wednesday, but at a lesser level than expected and with a warning.  

  

Ohio joblessness holds at 7.2%
(Toledo Blade, September 21, 2012)
Before July, Ohio's unemployment rate had fallen for 11 straight months. The rate peaked at 10.6 percent at the end of 2009 and early 2010.  

  

Kasich sounds warning note over economy

(Coshocton Tribune, September 22, 2012)

Kasich said he's concerned that businesses are in a holding pattern until after the election and the state won't continue to see gains. He said too many people still are out of work to celebrate the state's 7.2 percent unemployment rate, unchanged for the past three months but still well below the national rate of 8.1 percent.      

  

Editorial: Basics of the Third Frontier

(Akron Beacon Journal, September 22, 2012)

After months of delay, the Ohio Third Frontier Commission last week released much-needed funds to support Northeast Ohio entrepreneurs. JumpStart, the nonprofit that coordinates funding in the region, received $12 million for two years, a slight increase, most of the additional money going to new collaborators, among them the Austen BioInnovation Institute in Akron.    

  

Y'town government's future bleak unless officials act fast

(Youngstown Vindicator, September 23, 2012)

In presenting the report to city officials Thursday, David Eichenthal, director of management and budget consulting, was blunt in his assessment of what lies ahead for the shrinking city if steps aren't taken to change the way government operates. The immediate effect of clinging to the status quo would be a $5.5 million operating budget deficit by the end of 2013. In five years, the city would be facing a $28 million deficit. That isn't chump change.  

  

City investing in developing I-675 corridor

(Dayton Daily News, September 23, 2012)

Based in Columbus, GPD Group will address land use, traffic control measures, regional storm water management and environmental issues for three areas around I-675 that are being considered by the city as Tax Increment Financing districts. The contract is for $46,996.40.    

  

Organizers put final touches on 1st global economic forum

(Toledo Blade, September 23, 2012)

The goal is to have the international visitors experience the Toledo area first hand, network with their local counterparts, take tours of local manufacturing, medical, and educational assets, and see for themselves how the city and region stacks up as a place for financial investment, establishing a business, or becoming involved in other forms of economic development.   

  

Companies putting focus on future leadership

(Cincinnati Enquirer, September 23, 2012)

Findings from the 2012 Deloitte Cincinnati USA 100 survey of executives from local private companies appear to support this theory. (The survey was completed by one executive from each of the companies on this year's Cincinnati USA 100 list). Revenue at these top companies swelled 24 percent this year to $30.1 billion from $24.2 billion in 2007 when the recession began.      

  

Editorial: Persistent poverty

(Akron Beacon Journal, September 23, 2012)

The percentage of Ohioans living in poverty rose from 15.8 percent in 2010 to 16.4 percent last year, a rate higher than the national average. Ohio also ranked above the national average in the percentage of residents in deep poverty, their household income at 50 percent or less of the poverty threshold. The Toledo metropolitan area ranked as one of the 10 metro areas with the highest poverty rates in the nation last year. Summit County posted discouraging figures, too, the poverty rate rising from 15.3 percent to 16.6 percent.  

  

Shale plays to corporate image

(Salem News, September 24, 2012)
While hammering out a road use management agreement earlier this summer, Fairfield Township trustees made detailed arrangements for Chesapeake Exploration to pay half the replacement cost for a $24,000 culvert.   

 

  

 


         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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