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|Weekly News and Opinion from Ohio's Newspapers|
October 25 - 31, 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.|
|Editorial: Clustered in Akron|
(Akron Beacon Journal, October 29, 2011)
University officials noted more than 120 research projects on campus sponsored by global companies and industries. It doesn't take a presidential investigation to see that one more is another good thing for the city and region.
Editorial: Broken school-funding system is showing cracks in even the most affluent districts
(The Plain Dealer, October 29, 2011)
It's been obvious for years that Ohio's method of paying for public schools is broken. Asking hard-pressed property owners to put ever more money in the hat is a recipe for financial gridlock and voter anger.
Visitors boost local economy
(Mansfield News Journal, October 30, 2011)
Tourism brings roughly $267 million to the area and supports more than 4,000 jobs each year, said Lee Tasseff, president of the Mansfield/Richland Convention & Visitors Bureau.
Lack of diversity hinders Greater Cincinnati
(Cincinnati Enquirer, October 30, 2011)
The statistic sends an alarm to local organizations and corporations that aim to grow their operations and influence around the world. Failure to train or recruit a diverse and multilingual workforce, they say, could threaten the region's ability to keep or compete for highly sought-after global firms.
Ohio sees sharp drop in number of millionaires
(Dayton Daily News, October 31, 2011)
While no one can deny the vast gap between rich and poor in this country, the Great Recession spread the economic pain across all income groups, including the so-called 1-percenters in Ohio, based on a Dayton Daily News analysis of state income tax returns.
Economic recovery is slow but steady
(Wooster Daily News, October 30, 2011)
The real estate market statistics for September show more units sold when compared to September 2010. There were 80 single-family homes for the month this year, and 73 were sold in September 2010. However, the average price was down 1.2 percent: $109,068 in 2011 and $114,603 in 2010.
Honda cutting production in Ohio because of flooding in Thailand
(Columbus Dispatch, October 31, 2011)
Disruption caused by flooding in Thailand will lead to production cuts at Honda plants in Ohio and a delay in the release of the redesigned CR-V, the automaker said today.
Desperate times seize area suburbs
(Toledo Blade, October 31, 2011)
Calls for assistance to United Way of Greater Toledo have shot up dramatically in the suburbs too. While the majority of calls still come from within the city of Toledo, calls from most suburbs have risen at significantly faster rates. From 2007 to 2010, calls from Toledo rose 32 percent, but calls from Maumee, Perrysburg, and Oregon jumped 39 percent, 72 percent, and 80 percent, respectively.
Editorial: Owing in Ohio
(Akron Beacon Journal, October 31, 2011)
In August, Gov. John Kasich and Republicans in charge of the state legislature let pass an opportunity to collect $176 million from the federal government. There were strings attached, the state required to modernize its unemployment compensation system, say, by extending benefits to part-time workers or to those in approved job training programs. Almost three dozen other states met the test. Many did so in view of borrowing heavily from the feds during the recession to keep their jobless funds in operation.
Youngstown area fastest growing in state
(Salem News, October 31, 2011)
Cleveland economic researcher George Zeller said Sunday, "Youngstown's the fastest-growing area in the state."
While unemployment figures are still too high, Zeller said the Youngstown-Warren area "is a lot better and is heading in the right direction."