|Email the Editor|
Thank You to our sponsor:The Ohio Department of Development
|Weekly News and Opinion from Ohio's Newspapers|
December 4 - 10, 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.|
|Fund to spread up to $180M across Cincinnati|
(Cincinnati Enquirer, December 4, 2012)
Called Focus 52, it will be funded with bonds and $4 million in casino revenues, according to city officials. It's a tool for the city to fulfill many of its goals in Plan Cincinnati, the new comprehensive plan that makes the health of neighborhood business districts a top city priority.
Group: Jobs flow from area growth
(Chillicothe Gazette, December 5, 2012)
Opportunities for growth in the region and how to tackle potential challenges were among the issues discussed Thursday morning during a breakfast meeting conducted by the Economic Development Alliance of Southern Ohio.
Group's plan would leverage city funds for growth, jobs
(Cincinnati Herald, December 5, 2012)
Dr. O'dell Owens, president of Cincinnati State Technical and Community College, is heading a diverse task force of 15 civic and business leaders in Cincinnati and the region to study the feasibility of leveraging city's dollars to enhance economic development and job growth, with a view toward reducing unemployment, unemployment benefits and poverty.
Dayton ranks third in high-tech job growth
(Dayton Daily News, December 6, 2012)
The Dayton area saw a 24.2 percent increase in the number of high-tech jobs created from 2010 to 2011, the nation's third-largest increase behind Greensboro, N.C. and Columbia, S.C., according to Technology Works: Patterns of High-Technology Employment and Wages in the U.S.
$1 billion Ohio natural gas processing plant to open in May, encouraging more drilling
(The Plain Dealer, December 7, 2012)
Despite industry estimates that 15 trillion cubic feet of natural gas and 5.5 billion barrels of oil are in Ohio shale, the ballyhooed boom hasn't happened.
Oil, gas fields pump cash to property owners in Irish Hills area
(Toledo Blade, December 9, 2012)
Pat Gibson, vice president for land and legal at West Bay Exploration, also based in Traverse City, and the developer of the Napoleon field, said that as of early this year, his company had paid out more than $20 million in royalties to Irish Hills landowners since late 2008, when its first wells there began producing oil.
More businesses investing in the downtown
(Youngstown Vindicator, December 9, 2012)
Within the last six months, more than 10 projects have been either announced or completed along Commerce, Federal and Boardman streets. Restaurants, bars, retail outlets, residential living spaces and industry-driven projects such as the National Additive Manufacturing Institute are all finding addresses downtown.
From the ground up: Coal, natural gas mean millions for region
(Canton Repository, December 9, 2012)
While eastern Ohio's oil and natural-gas boom has garnered most of the attention in the past year, coal remains an important part of the economy of the Tuscarawas Valley.
Ohio sees growth in $30M superrich category
(Dayton Daily News, December 9, 2012)
New data show Ohio's ultra-wealthy population is growing, but the state has a smaller proportion of superrich residents than most other states, which some financial advisers claim is partly linked to the state's "high" level of taxation.
Port of Cleveland readies to welcome the new generation of Great Lakes freighters
(The Plain Dealer, December 10, 2012)
The Federal Satsuki will squeeze through the Welland Canal sometime today and steam into the choppy waters of Lake Erie, angling toward Cleveland. She's expected to reach the Port of Cleveland Tuesday night, bearing specialty steel from northern Europe and something more.
Editorial: Graduation gap
(Toledo Blade, December 10, 2012)
Ohio has one of the top high-school graduation rates in the nation for white students, but one of the lowest for African Americans. The racial gap - fourth largest among the states - must be closed.
Columbus lands major convention for 2017
(Columbus Dispatch, December 10, 2012)
The convention, which rotates locations annually, will bring 3,000 elected and appointed county officials, speakers, exhibitors and guests to Columbus for four or five days in July 2017. They will account for more than 9,000 hotel room nights, according to Experience Columbus, the city's convention and visitors bureau.
Five companies awarded tax credits to create 900 jobs
(Columbus Dispatch, December 10, 2012)
The center is meant to capitalize on the big push by companies to capture, analyze and make sense of the billions of bits of data produced every minute by millions of computer users. It also is expected to position Columbus as a national and even international center for big-data analytics.