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|Weekly News and Opinion from Ohio's Newspapers|
October 4 - 10, 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.|
|A healthy move for downtown|
(Ashtabula Star Beacon, October 4, 2011)
Restoring the hotel and moving a business into it has City Manager Anthony Cantagallo talking about the future and a positive turn in the area's economy.
Local hospitals plan $1.2B improvements
(Dayton Daily News, October 4, 2011)
The region's two major hospital systems expect to spend $1.2 billion for buildings, electronic medical records and other capital improvements through 2015, according to reports by agencies that rate the hospitals' tax-exempt bonds.
Dayton city budget offers mixed outlook
(Dayton Daily News, October 4, 2011)
City administrators, offering a first glimpse of their 2012 budget outlook, said there are plans to do an extra $2 million in capital improvements next year thanks to increased revenue coupled with the assumption of another year of base pay freezes and employee furlough days.
Ford-UAW tentative deal could mean 12,000 jobs and $6,000 signing bonus
(The Plain Dealer, October 4, 2011)
The announcement also includes good news for Brook Park and Avon Lake workers. The UAW said Ford plans to invest $128 million in Avon Lake and start building medium-duty trucks and motor-home chassis instead of E-series commercial vans. Ford will invest $278 million in Ford Engine Plant No. 1 and will add a third shift early next year. The plant will eventually start making four-cylinder engines for fuel-efficient small cars.
Enrollment down at Ohio law schools
(Dayton Daily News, October 6, 2011)
Fewer people are applying to law schools in Ohio, a sign that some students are uncertain of job prospects after graduating and lack faith in the ability of legal careers to pay off the substantial debt often required to get a law degree, according to state and national legal associations.
Timber Road Wind Farm open doors to a new energy in Ohio
(Van Wert Times Bulletin, October 6, 2011)
The EDP Timber Road II project is just the first step in the program laid out for Ohio. The $175 million dollar project has contracted with over 100 local landowners to power more than 27,000 homes. The project will utilize Vesta 100 1.8 megawatt wind turbines with more than 60 percent of the products produced in the United States.
Statehouse charges ahead with stations for electric cars
(Wooster Daily Record, October 6, 2011)
The project was funded through grants from Clean Fuels Ohio, the U.S. Department of Energy, Honda of America, General Motors, Eaton Corp. and Professional Supply Inc.
Editorial: Exit death row in Youngstown; Enter more efficiency in prisons
(Youngstown Vindicator, October 6, 2011)
The Ohio Department of Rehabilitation and Correction wisely decided this week to relocate the bulk of death row from the Ohio State Penitentiary in Youngstown to the Chillicothe Correctional Institution in southern Ohio.
Chrysler won't get property tax cuts, but will still get million in incentives
(Toledo Blade, October 7, 2011)
Chrysler won't be getting any property tax cuts on the plant expansion it plans in Toledo, but the automaker still stands to receive millions in other incentives from city and state governments.
Editorial: Model of growth
(Akron Beacon Journal, October 8, 2011)
The Akron City Council is expected to vote on legislation to renovate the former Hamlin Steel Co. building in downtown Akron, turning it into the home of an advanced energy company. The hope is, the success of Echogen Power Systems will spark a new hub for high-tech energy companies.
Local housing costs decline
(Toledo Blade, October 9, 2011)
An annual Census survey shows that the housing crisis that has raged for several years across the nation has left its mark on metro Toledo, including homeowners taking the opportunity to lower their monthly housing costs.
County budget gets a break
(Cincinnati Enquirer, October 10, 2011)
Hamilton County commissioners won't have to cut as much from the county's 2012 budget as expected, which could allow for budget increases to key public-safety offices - the sheriff's, prosecutor's and public defender's.