Cuyahoga County decides to spend casino revenue on economic development
(The Plain Dealer, October 23, 2012)
The county plans to save all revenues until July 2014, then invest the money in economic development downtown over the next two years.Area jobless rate still falling
(Canton Repository, October 23, 2012)
The Employment Source's office in Canton has heard from 42 new employers since July 1 and those businesses sought help with 675 jobs that needed to be filled. The agency's office in Tuscarawas County has heard from 24 new employers trying to fill 205 positions.Port Authority seeks funds for Bond Hill development
(Cincinnati Enquirer, October 23, 2012)
The Port Authority is asking for $3.7 million to acquire the site and another $2.3 million to demolish the 250,000-square-foot outdoor shopping center, which currently is mostly empty. Other funding would be used in part to create development-ready pads and market the site to prospective developers.Unemployment rates drop across Lima region
(LimaOhio.com, October 23, 2012)Allen County's unemployment rate for September was 6.8 percent, down from 7.1 percent in August and 9.2 percent in September 2011. All of the region's nine counties saw unemployment rates below 7 percent. The last time Allen County saw its unemployment rate below 7 percent was May 2008, according to numbers from the Ohio Department of Job and Family Services.Editorial: Smooth move
(Akron Beacon Journal, October 25, 2012)
The new lab partnership between the Timken Co. and the University of Akron College of Engineering aims at innovation - developing new ways to reduce friction, wear and corrosion, enabling products such as Timken bearings to work better, last longer and cut energy usage. That's an achievement in itself, but there is more to the Timken Engineered Surfaces Laboratories.Rubbermaid workers in Ohio probably won't see job cuts, though parent company will shrink workforce by 10 percent
(The Plain Dealer, October 26, 2012)
The Rubbermaid distribution center in Wooster, where the brand was founded in 1933, is scheduled to close in the spring and be replaced by one in Mogadore. About 100 workers at the Wooster facility were offered positions at the new facility.Editorial: Sound investment
(Columbus Dispatch, October 28, 2012)
With the economy still sluggish, not many business sectors can claim to have recovered and surpassed their pre-recession levels. But tourism and hospitality in central Ohio has, reaching an all-time high in the economic impact of visitor spending in 2011.Local school districts dealing with huge financial challenges
(Youngstown Vindicator, October 27, 2012)
Here's a sobering reality about public education in Ohio that should open the eyes of voters in the Nov. 6 election: There will be 194 school levies on the ballot, including 123 seeking additional funding. The rest are renewals or continuations of taxes now on the books.More people choosing to call downtown Toledo their home
(Toledo Blade, October 28, 2012)
The evolution of Toledo's downtown has created a fickle identity for the city's center. Some parts, like the Warehouse District or Adams Street, are on their way to thriving. Others, however, are underutilized, vacant, or struggling to make a go if it.
Labor market improving, but job losses continue in some sectors
(Cincinnati Enquirer, October 28, 2012)
The largest over-the-year percentage gains in employment were reported in professional and business services (+6.6 percent); wholesale trade (+6.4 percent); retail trade (+4.8 percent); and manufacturing (+4.4 percent). The largest over-the-year percentage losses in employment were reported in mining and construction (-3.2 percent) and government (-2.2 percent).
Fewer local residents filing personal bankruptcies
(Dayton Daily News, October 29, 2012)
In the first half of 2012, personal bankruptcy filings fell 13 percent to 3,265 in the Dayton division of the U.S. Bankruptcy Court for the Southern District of Ohio. The Dayton division covers Champaign, Clark, Clinton, Darke, Miami, Montgomery, Shelby, Preble and Warren counties.