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|Weekly News and Opinion from Ohio's Newspapers|
October 18 - 24, 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.|
|RTA lands millions of dollars in grants for Clifton Boulevard work|
(The Plain Dealer, October 18, 2011)
RTA has won $7.1 million in federal grants to resurface 2,000 parking spaces, upgrade bus shelters and bus lanes along Clifton Boulevard and study extending rapid lines into Euclid.
Cincinnati's economy headed for more slow growth
(Cincinnati Business Courier, October 18, 2011)
The group expects local economic activity - measured by gross regional product - to increase 2.4 percent next year. That's up from an estimated 1.7 percent this year and would match the national estimated growth rate.
Governor puts video slots on fast track
(Akron Beacon Journal, October 18, 2011)
The governor has signed an executive order approving regulations for licensing and applications for the state's seven horse track owners, technology providers and employees.
Columbus-area banks' set-asides offer outlook on economy
(Columbus Business First, October 18, 2011)
Most banks have worked hard to clear their books of bad loans and have written off most of the worst since the 2008 meltdown. But with the economy still struggling, some banks will continue to set aside money to cover their souring loans and others will leave those reserves largely untouched. Some might even move money out of their reserves to be taken as profit.
Music rocks the Cleveland economy
(The Plain Dealer, October 19, 2011)
Attending a rock concert at The Q or an opera at Severance Hall is a way to thrill the ears, stir the soul and enjoy an art that makes life worth living. It's also a way to boost the local economy.
Ohio has lost 3,500 factories over last 10 years, stats show
(Dayton Daily News, October 22, 2011)
Data from the federal government show that Ohio lost 3,500 manufacturing businesses in the past 10 years, including 200 in Montgomery County and about 130 in other Miami Valley counties.
Editorial: Building blocks for 50 blocks
(Akron Beacon Journal, October 22, 2011)
What matters isn't size so much as distinctiveness, achieving a unique and authentic sense of place. That is the thinking behind such efforts as the biomedical corridor, the Austen BioInnovation Institute, the University of Akron Research Foundation and Mayor Don Plusquellic seeking to lure foreign investment to the city. The idea drives regional clusters around flexible electronic materials and advanced energy.
Local paper makers struggle to survive
(Middletown Journal, October 23, 2011)
The ongoing stale economy and the decrease in demand for paper used for advertising, brochures and cereal boxes could end an era of paper manufacturing in the region, experts say.
Kasich, jobs data tell 2 tales on unemployment
(Columbus Dispatch, October 23, 2011)
Ohio's unemployment rate remained unchanged in September at 9.1 percent, and there were actually 21,600 fewer jobs in the state than there were in August, according to the Department of Job and Family Services.
Local bodies say Ohio state cuts leading to the levies
(Ironton Tribune, October 24, 2011)
Despite warnings by Gov. John Kasich that raising local taxes could hurt Ohio's development efforts, local governing bodies say they have no choice but to ask voters for more money this November after enduring cuts in state aid.
Ohio split on value of collective bargaining
(Youngstown Vindicator, October 24, 2011)
Opponents are fearful that the sweeping change proposed in the legislation will take Ohio back to the days before public employees had a place at the negotiating table, ultimately leading to fewer police officers, firefighters, nurses, teachers and other workers who provide services taxpayers have come to expect. - and more strikes and worker unrest.
Editorial: Levies strap voters' emotions, wallets
(Cincinnati Enquirer, October 24, 2011)
More than $150 million in ballot levies that could raise some Hamilton County homeowners' annual tax bills by hundreds of dollars will be decided next month.
Rail venture wooing Gahanna
(Columbus Dispatch, October 24, 2011)
Representatives of US Railcar are expected to appear before the Gahanna City Council today to detail their plan to build a $15 million factory in the city to produce diesel-powered commuter trains.