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|Weekly News and Opinion from Ohio's Newspapers|
October 11 - 17, 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.|
|Banks turn to demolition of foreclosed properties to ease housing-market pressures|
(Washington Post, October 12, 2011)
The sight of excavators tearing down vacant buildings has become common in this foreclosure-ravaged city, where the housing crisis hit early and hard. But the story behind the recent wave of demolitions is novel - and cities around the country are taking notice.
Ohio businesses still down about hiring and sales
(Toledo Blade, October 13, 2011)
Results of the twice-yearly survey conducted by PNC Bank, released this week, show business owners remain downbeat about the short-term climate for hiring and sales, although they do predict a return to growth within the next two to three years.
Bustling Beachwood eyes economic regionalism
(The Plain Dealer, October 13, 2011)
With two interchanges on I-271, a forest of corporate offices and high-ranking schools, Beachwood is an economic engine all by itself.
Sandusky lands on national cheap list, but in a good way
(Morning Journal, October 13, This year, Sandusky landed at the top of Forbes' list of "Best Places to Live Cheaply," with writer Daniel Fisher praising the city as a place with "million-dollar views and a whole lot of $100,000 houses."2011)
Cincinnati's real GDP growth: Trailing nearly all its peers
(Cincinnati Enquirer, October 13, 2011)
Among the 12 peer regional competitors, only half of them had real GDP in 2010 that was greater than that of 2007. Unfortunately, Cincinnati is one of the six metro areas that have yet to regain pre-recession levels of real GDP, along with the other two Ohio metros, Cleveland and Columbus.
Donations requested for Idora Fish Farm
(Youngstown Business Journal, October 13, 2011)
Donations are being requested by the Parkview Community Garden group for construction of a fish farm in the Idora Neighborhood. The farm will be a neighborhood-scale, zero discharge recirculating aquaponics system that will enable the group to raise and harvest healthy and nutritious tilapia as well as fresh produce year-round.
Tough economy forces rise in utility shut-offs
(Dayton Daily News, October 14, 2011)
Regional utility companies reported disconnecting more consumers during the first five months of this year, but company officials insist customers can help prevent service disruptions with a phone call or a few clicks of the mouse.
Honda invests $400M in Ohio
(Dayton Daily News, October 15, 2011)
Nestled amid the cornfields and rolling hills of west central Ohio is nearly half a billion dollars in new economic activity.
Ohio bankruptcies down, but economy not improving
(Coshocton Tribune, October 15, 2011)
Fewer Ohioans filed for bankruptcy in the last year, but economists say that doesn't necessarily mean they are better off. Personal bankruptcy filings dropped 10 percent statewide between June 2010 and June 2011, according to the latest figures from U.S. Bankruptcy Court.
Zanesville-Muskingum County Port Authority trying to find way through economic woes
(Zanesville Times Recorder, October 16, 2011)
Between 2007 and September, the port authority made no land sales, Jacoby said. Since then, it sold a small, 1.2 acre parcel to Carol Goff and Associated Real Estate.
Hunger spreads in suburbia
(Columbus Dispatch, October 17, 2011)
The suburbs show the fastest-growing need for food assistance in the 20-county area served by the foodbank, Habash said.
Investor group setting up shop at LCCC
(Chronicle Telegraph, October 17, 2011)
A worldwide nonprofit organization eager to connect investors with entrepreneurs and provide seed money is locating its first bricks and mortar headquarters on the campus of Lorain County Community College.