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|Weekly News and Opinion from Ohio's Newspapers|
September 28 - October 4, 2010
|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.
|Ohio lawmakers fight against 3C rail plan (Lancaster Eagle Gazette, September 29, 2010) Ohio received permission last week from the Federal Rail Administration to spend the first $15 million in stimulus funds, according to ODOT. The project is an opportunity for Ohio to use federal funds to improve transportation, create jobs and provide economic development, ODOT states on its website.|
Order eliminates tax on energy project (Youngstown Business Journal, September 30, 2010) Alternative energy production in Ohio got a boost Wednesday from Gov. Ted Strickland, who signed an executive order implementing the elimination of Ohio's tangible personal property tax and real property tax for advanced and renewable energy project facilities, making it easier for energy companies to do business and create jobs in Ohio.
City, Port Authority start talking on casino-streetcar deal (Cincinnati Enquirer, September 30, 2010) Cincinnati's city manager will start negotiating soon on the contract with the Port of Cincinnati Development Authority now that City Council has designated half the future casino proceeds for economic development.
$1.7M awarded to 4 alternative-energy firms (Toledo Blade, September 30, 2010) Nearly 800 existing and new employees of four area alternative-energy companies are to receive $1.7 million in job training assistance through the federal stimulus program, the office of Ohio Gov. Ted Strickland announced Wednesday.
Broadband coming to city's industrial parks (Youngstown Business Journal, October 1, 2010) Work could begin by the end of the year on a project to provide broadband Internet access to the Ohio Works and Riverbend industrial parks, the city's economic development director said.
Cleveland City Planning Commission approves revised plans for convention center (The Plain Dealer, October 1, 2010) The Cleveland City Planning Commission is satisfied that the revised and more costly plans for the new downtown convention center will create a competitive facility.
Northeast Ohio Companies were busy last month with mergers (The Plain Dealer, October 2, 2010) September was a busy month for mergers and acquisitions in Northeast Ohio. At least seven local companies either bought companies or sold themselves during the month.
Solar coming into play as energy alternative (Dayton Daily News, October 2, 2010) As start-up companies are being formed in the Miami Valley and trying to tie into new energy ventures, companies from outside Ohio are invading, taking some of the work away from Ohioans.
Summer initiative puts teens to work (Akron Beacon Journal, October 3, 2010) The county received $2.3 million in federal money this year to devote to the effort and had hoped to hire more than 2,000 teens and young adults. Summit will return to the state about $500,000 in unspent money, but county leaders and others called the program a success nonetheless.
Small business lenders hard to come by in Sandusky County (The News Messenger, October 4, 2010) At the Small Business and Development Center, Auxter estimates 30 percent of the clients are hoping to start a new business. The rest are already in business and need money to expand operations or just to stay open.
Ohio, Kentucky labor market trends mixed (Cincinnati Enquirer, October 4, 2010) There are 9,400 more jobs in Kentucky in August 2010 compared to August 2009. During the same period, the number of jobs in Ohio increased by 3,100. While this is welcome news, in Ohio and Kentucky, declines in unemployment insurance claims have been too small to indicate the local labor market is near equilibrium.
More people in Stark going green (Canton Repository, October 4, 2010) Grants offered by the state during the past two years have made sustainable energy options more affordable for area homeowners, such as the Albertson and the Cespedes families. When the Cespedes combined their state grant with federal tax breaks, it cut the price tag of their wind turbine by about 60 percent.
Poor economy presents opportunities for farms (Middletown Journal, October 4, 2010) Competition for fall fun fare has increased during the fall season in recent years, said Lisa Shetperly, store manager at Hidden Valley Fruit Farm, one of at least four farm attractions in Clearcreek Twp. Hidden Valley will host the Ohio Cider Fest this weekend, a tradition since 1979.
Ohio adds stimulus jobs, but it's a 'drop in the bucket' (The Morning Journal, October 4, 2010) Since the stimulus was enacted nearly 20 months ago, Ohio has created 91,726 recipient-reported jobs funded by the contracts, grants and loans awarded to employers. The state's 25,896 new jobs in the April-through-June quarter of this year were good enough to rank the state seventh behind the likes of California, Georgia, New York and Virginia.
Funding cuts hurt Dayton arts groups (Dayton Daily News, October 4, 2010) The orchestra is one of 28 Dayton