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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
January 25 - 31, 2011

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.
Slow job recovery seen in Toledo area (Toledo Blade, January 25, 2011) It will take the Toledo area nearly two decades to recover from the job losses it experienced in the recent recession.

Funding for port authority favored (Akron Beacon Journal, January 25, 2011) The County Council's Planning and  

 Economic Development Committee agreed this week to give $75,000 to the agency - the same amount the group has received the past two years.


Cleveland schools deficit shrinks, but bit trouble still looms (The Plain Dealer, January 26, 2011) A deficit that the Cleveland schools face next year has shrunk by nearly $11 million, but officials say the need for more money and drastic restructuring isn't going away.

Area foreclosure rate ranks high in nation (Dayton Daily News, January 26, 2011) One in every 43 homes in the Dayton area faced some sort of foreclosure action last year, placing

 the area in the top third of 206 U.S. metro areas for that activity, a California firm that tracks foreclosures said in a report released today.


CDBG funding needed (Youngstown Vindicator, January 27, 2011) Officials in Trumbull and Mahoning counties, as well 
as in Youngstown and Struthers, are concerned that cuts in federal spending might eliminate a program that has been beneficial to the Mahoning Valley.
 

Mall developers hope to draw new tenants (Dayton Daily News, January 28, 2011)
The newest owners of the Cincinnati Mall say their plans for redevelopment could bring 2,000 jobs, but they will have to lure new tenants to make it work.

Editorial: Metropolitan areas are key to moving forward (Toledo Blade, January 29, 2011) Ohio Gov. Kasich has moved from campaigning to governing, taking the helm of a state with
an unemployment rate of 9.6 percent and a projected budget gap of as much as $8 billion.
 

North Central Ohio home sales climb 8.2 percent (Mansfield News Journal, January 30, 2011) There were 1,367 homes sold last year in the Mansfield area, according to data recently released by the Ohio Association of Realtors for Richland County and parts of Crawford County


Manufacturing remains king in Northwest Ohio (Defiance Crescent News, January 30, 2011) As the economy improves, many changes are being made. A decline in manufacturing
jobs caused by the downturn, may have many wondering it it's still a top employer in the region, if not the state.

 

Licking County economy better -- but how much better? (Newark Advocate, January 30, 2011) Instead of wondering how much worse the economy possibly could get in the new year, as has been the case in recent years, Licking County residents are starting to wonder how much better it might get in 2011.

 

Higher education key to job prosperity (Chillicothe Gazette, January 30, 2011) Just 18.4 percent of county residents hold an associate degree or higher, compared to 30.7 percent of Ohioans and 35 percent of Americans in the same age category, according to 2009 U.S. Census data.

 

Let's get creative in attracting workers (Cincinnati Enquirer, January 30, 2011) A recent study that compared Greater Cincinnati and Northern Kentucky to 11 similar metro areas found that the region ranked dead last in the percentage of knowledge workers. It was a little better in the proportion of creative workers, but not much - eighth out of 12 cities.


Editorial: Organize Cuyahoga County for development (The Plain Dealer, January 31, 2011)
Among other things, it mandates an economic development commission -- including County Executive Ed FitzGerald and representatives from the new County Council, Cleveland, the suburbs, business and labor -- to help align public and private efforts to encourage job growth and entrepreneurial activity.

Local economy kept growing in Jan. (Cincinnati Enquirer, January 31, 2011) The Purchasing Managers Index measured 56.8 in January, up from 56.7 in December. The index, compiled by the University of Cincinnati and the local chapter of the National Association of Purchasing Managers, has been above 50 - the mark for economic expansion - for 13 consecutive months.

         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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