Economic News from Ohio's Regions
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Maxine Goodman Levin College of Urban Affairs, Cleveland State University
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Weekly News and Opinion from Ohio's Newspapers
October 19 - 25, 2010

Greetings!
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.

Five development items on Council agenda (Youngstown Business Journal, October 19, 2010) City Council will consider a number of economic development items when it meets Wednesday, from assistance for a fireworks company to help for the childrens' museum.

 

Funding for port in limbo (Cincinnati Enquirer, October 20, 2010) Tight budgets for both Cincinnati and Hamilton County mean that a request for more funding from both to support a reorganized Port Authority economic development agency next year is in question.


Regional growth partnership to look locally for new leader

(Toledo Blade, October 21, 2010) With the area facing the worst economic downturn in a generation, the Regional Growth Partnership - a leading economic development agency in northwest Ohio - plans to fill its vacant chief executive officer position with a local candidate, forgoing a national search.

 

Blighted neighborhood may sprout 'food campus' (Columbus Dispatch, October 21, 2010) Weinland Park, already the focus of a number of efforts to transform its crime-ridden, blighted image to one of stability, also could get a food-processing center and business incubator.

 

Editorial: Leadership by network (Akron Beacon Journal, October 21, 2010) Almost any conversation about acting regionally arrives at the question: Who, or what, will make that happen? A proposal may surface for coordinating more effectively sewer and water services or sharing tax revenue. How do you get from concept to reality? Northeast Ohio won't soon, if ever, have a regional government, not with the current 16 counties, 480 or so villages, townships and cities, plus 130 special districts and 223 school systems.


Ohio unemployment falls for 6th straight month (Bloomberg Businessweek, October 22, 2010) The final snapshot of Ohio's job market before Election Day was issued Friday and showed the state's unemployment rate slipped to 10 percent in September, continuing a steady retreat from March's 26-year high of 11 percent.

 

Editorial: Energizing Ohio (Toledo Blade, October 22, 2010) The University of Toledo has been approved for a $3.5 million grant through the Ohio Third Frontier Commission, putting UT and a partner, Dow Corning Corp. of Midland, Mich., in the running for a $46 million share of $125 million the U.S. Energy Department will award next month to establish three photovoltaics research and development centers.

 

Ontario adopts tax rebate to entice new businesses (Mansfield News Journal, October 22, 2010) Council created a tax rebate Thursday aimed at spurring economic development in the city. The ordinance provides for the Ohio Job Creation Tax Credit, which allows a credit against an employer's corporate franchise or state income tax obligations based on the amount of income tax withheld from new full-time employees.

 

Public sector shedding workers (Columbus Dispatch, October 23, 2010) The Ohio Department of Job and Family Services said yesterday that while the state's jobless rate fell to 10 percent in September, 9,500 government jobs were lost last month in Ohio.

 

Collaboration deemed critical to region's economy (Dayton Daily News, October 23, 2010) Nearly 2,000 jobs have been created, gained and retained in the area this year and next year's goal is to push those numbers higher, Leftwich said.

 

The TARP tab (Columbus Dispatch, October 24, 2010) Most Ohio banks that took money from the federal financial bailout program haven't been in any hurry to pay it back. Of the nearly $8 billion that 17 state-based banks received from the just-expired Troubled Asset Relief Program, three of them have paid any of it back - and only a total of $218 million at that, according to a review of Treasury Department records.

 

Editorial: Northeast Ohio schools need policy fixes for the long-term, and need money today (The Plain Dealer, October 24, 2010) Partly because of the recession, partly because of the fractured nature of having 611 school districts in Ohio, partly because of archaic financing practices, public schools are in deep, deep trouble.


Mahoning County dollars flow to regional chamber

(Youngstown Vindicator, October 24, 2010) Though Mahoning County was responsible for some $78,700 in revenue to the Youngstown-Warren Regional Chamber over five years, its auditor directly paid the chamber only $35,935 of that amount.

 

Downtown Marion gets emerging status (Marion Star, October 25, 2010) Downtown Marion Inc. officials said they have learned the downtown revitalization group's application for Emerging Main Street Community status has succeeded.

 


 


         Edited and compiled by: Molly Schnoke, Center for Community Planning & Development, Maxine Goodman Levin College of Urban Affairs, Cleveland State University
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