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|Weekly News and Opinion from Ohio's Newspapers|
November 22 - 28, 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.|
|Basing Ohio's economic recover on shale gas may be a fizzle rather than a boom|
(The Plain Dealer, November 22, 2011)
The problem for Ohio is that the gas industry has been too successful over the last three years at developing shale gas in other parts of the nation, using technologies to drill horizontal wells and then fracturing, or "fracking," the rock to release the gas.
Spend it like you stole it - it's good for the state
(The Other Paper, November 23, 2011)
The results of a study done by the University of Cincinnati's Economic Center were presented in a webinar Nov. 15, revealing that holiday retail sales in Ohio in November and December are expected to grow by 3.31 percent over the same holiday period last year. The estimated $939.9 million in Ohio retail spending is the highest since 2007.
Region's economy shows signs of recovery; challenges remain
(Youngstown Vindicator, November 25, 2011)
It would be premature to declare that the Mahoning Valley has weathered the national economic storm, but there is reason for guarded optimism given some of the signs that have emerged recently.
Akron executives offer opinions on economy
(Akron Beacon Journal, November 26, 2011)
Employment in Akron and Summit County has increased over the last year and we've seen that reflected in our clients, who are growing their businesses and carefully adding jobs. We certainly have a way to go, but the trends are in the right direction.
Dayton group gets $10M to attract aerospace projects to Ohio
(Dayton Daily News, November 26, 2011)
State officials said last week that they have commissioned the coalition to help develop a statewide industry for unmanned aerial vehicles and their electronic equipment, devise a strategy to protect and retain jobs at Ohio's military facilities, and promote the state as a prime location for aerospace and defense companies to locate and expand.
City of Sandusky faces $400K deficit in 2012
(Sandusky Register, November 26, 2011)
City commissioners, who have the final say on formulating and finalizing the budget come March, are aware of their duty to spend taxpayer dollars prudently, ex officio mayor Dan Kaman said.
Hagan criticizes Kasich plan to limit funds for local projects
(Youngstown Vindicator, November 27, 2011)
A proposed state construction budget will be limited, unlikely to fund new buildings, and contain no money for community projects craved by local leaders, the Kasich administration says.
County leaders support ethane pipeline
(Newark Advocate, November 27, 2011)
In addition to Licking County, the pipeline would go through 12 other counties in Ohio: Butler, Clinton, Coshocton, Fairfield, Fayette, Green, Harrison, Jefferson, Muskingum, Pickaway, Tuscarawas and Warren.
The banks growing bigger faster
(Cincinnati Enquirer, November 27, 2011)
New timetables shared exclusively with The Enquirer show plans for doubling the size of residential and retail development already open for occupancy between Paul Brown Stadium and Great American Ball Park.
Tale of two Toledos shouldn't comfort anyone
(Toledo Blade, November 27, 2011)
That's the troubling implication of a new study by US2010, a nonpartisan research project sponsored by Brown University and the Russell Sage Foundation, which examines recent changes in American society. The report concludes that between 2000 and 2007, Toledo trailed only Detroit and Oklahoma City among major U.S. metropolitan areas in its growth of residential segregation of families by income.
3 childhood friends start urban farm in Cleveland's Kinsman neighborhood
(The Plain Dealer, November 28, 2011)
It's called The Forgotten Triangle, a sparsely populated no-man's-land on the edge of Cleveland's Kinsman neighborhood where the few remaining residents joke that the population doubles at night, when outsiders come to dump garbage, debris and tires.
Editorial: Encouraging signs
(Columbus Dispatch, November 28, 2011)
Ohio heads into the holiday season with reason for good cheer: a flurry of announcements in recent weeks, telling of millions of dollars in business investment and more than 2,000 new jobs.