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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
November 6 - 12, 2012

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.
V&M Star produces its first pipe
(Youngstown Vindicator, November 7, 2012)
Since the announcement of the 1-million-square-foot V&M Star plant opening in Youngstown, the location has been used as a shining example of the economic development coming with the shale-gas industry to the Mahoning Valley.

250 new jobs to be created in Ohio over next four years
(Cincinnati Herald, November 8, 2012)
Ohio Senate Minority Leader Eric H. Kearney (D-Cincinnati) joined Huntington Bank CEO Steve Steinour to announce that Huntington Bank will add 250 new jobs in Ohio over the next four years in support of its new credit card program. The new jobs are a result of a successful public-private partnership (HB 322) that helped level the playing field for Ohio financial institutions to compete against institutions in other states.

FirstEnergy to cut 400 jobs by 2016, cites lower prices, competition
(The Plain Dealer, November 8, 2012)FirstEnergy expects to cut up to 400 jobs by 2016 as it struggles to stay profitable in a lackluster economy that has led to continued low demand and low power prices.

A bold plan to fund new Brent Spence
(Cincinnati Enquirer, November 10, 2012)
Two local economic development agencies are quietly advancing an idea that could unlock hundreds of millions of dollars for a new Brent Spence Bridge - possibly without any new legislation.

At the intersection of aerospace and 3D manufacturing, Bastech finds growth track in region
(Dayton Daily News, November 10, 2012)
Like many smaller manufacturing shops in the region, Bastech is shifting to serve the aerospace industry's needs after many years where automotive work was more prominent, and 3-D manufacturing is maturing to play a bigger role in the aerospace supply chain.

Editorial: Budgeting blind
(Toledo Blade, November 11, 2012)
Ohio's economy appears to be on the road to recovery, and thousands of new casino jobs have played their part. But taxes generated by gambling are unlikely ever to make up for state cuts in aid to local governments and schools.

Child care costs rival college tuition
(Dayton Daily News, November 11, 2012)
Annual costs for infant day care in Ohio rival tuition at four-year state colleges, and rising expenses continue to strain family budgets which can result in parents placing their children in lower-quality care, a Dayton Daily News analysis found.

Housing market in recovery
(Dayton Daily News, November 11, 2012)The average sale price over the first three quarters of this year is $123,000. That's 18 percent below the peak average sale price of $150,750 in June 2006, which did not include sales of condominiums. They are factored into the average price now, according to the Dayton Area Board of Realtors.

Editorial: Smoothing the way
(Columbus Dispatch, November 12, 2012)
Streamlining Ohio's bewildering and burdensome municipal-income-tax code is long overdue. Last week, two legislators made good on their pledge to do something about that, by introducing legislation that could remove this competitive disadvantage for the state as it competes to attract more jobs.

Upper Chester plans stirring near University Circle, years after Cleveland project stalled
(The Plain Dealer, November 12, 2012)
Grand plans to build homes there fizzled when the economy crumbled in 2008. And those plans for Upper Chesterhave been slow to reignite,thanks to federal government-imposed deed restrictions that require scattered slices of the land to be used for low-income housing. But now, quietly, Upper Chester is stirring.

         Edited and compiled by: Molly Schnoke, Center for Community Planning & Development, Maxine Goodman Levin College of Urban Affairs, Cleveland State University
CSU Levin College Forum | Cleveland State University | Maxine Goodman Levin College of Urban Affairs | 1717 Euclid Avenue | Cleveland | OH | 44115