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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
February 22  - 28, 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.

Broken vows of new jobs may cost firms that got state aid 

(Columbus Dispatch, February 22, 2011)

Mark Kvamme says he wants to do all he can to help bring jobs to Ohio, but Gov. John Kasich's new development director also is showing he is not tentative about going after companies that fail to live up to their promises to create jobs.

 

3CDC, Cincinnati Development Fund wins New Markets Tax Credit  (Cincinnati Business Courier, February 24, 2011)

3CDC, a private nonprofit development agency, was awarded $18 million in credits to be used for real estate financing in Over-the-Rhine. The agency had applied for a total of $85 million in credits to fund its redevelopment activity in 2011

 

Monske says collaboration throughout region is key

(Toledo Blade, February 25, 2011) Dean Monske, the Regional Growth Partnership's new chief executive, said Friday he will push for regional cooperation among local economic development groups as he works to attract investment to the area.

 

Treasury awards $53 million in tax credits to aid development, job creation in Cleveland area (The Plain Dealer, February 24, 2011) The biggest local beneficiary of Thursday's announcement was the Cleveland New Markets Investment Fund, part of Cleveland Development Advisors. The group is an offshoot of the Greater Cleveland Partnership, the region's chamber of commerce. It won $35 million in tax credits for real estate and economic-development projects.

 

Crothers to direct economic growth (Toledo Blade, February 26, 2011) Toledo's director of public utilities, who held top positions in the Ford and Finkbeiner administrations before becoming executive director of the Downtown Toledo Improvement District, will take over next month as the city's lead economic development official.

 

Facilitec one of the local companies working toward a greener future (Mansfield News Journal, February 27, 2011)

Facilitec, a Shelby company, knows the possibility of energy savings in schools because it monitors the school's power consumption to make sure it is operating as efficiently as possible. The school district is one of Facilitec's clients across the country. The company installs high-tech tools to monitor building facilities -- whether lights, heating and air conditioning, security cameras or other systems -- so they can be controlled remotely, optimized for peak performance and operated at a minimal cost.

 

State gives environmental clearance for Dayton site of planned GE center (Dayton Daily News, February 27, 2011)

Ohio's environmental regulator has issued a document that helps clear the way for construction of a building where General Electric Co. will develop advanced electrical power systems for airplanes, ships and automobiles.

 

Cleveland attracts national interest after Barack Obama's small-business forum (The Plain Dealer, February 27, 2011)

Ray Leach, chief executive of the nonprofit JumpStart Inc., said he has fielded dozens of calls from investors, national foundations and the national media since Obama held the first of several of his "Winning the Future Forums on Small Business" at Cleveland State University on Tuesday.

 

SAIC to expand local operations, add jobs in Springfield's Nextedge Tech Park (Dayton Daily News, February 28, 2011) Science Applications International Corporation (SAIC) will expand its operations in Springfield at the Nextedge Research and Applied Technology Park, adding 41 jobs to the community.


Ohio tax credit for Calisolar keeps Ontario in running (Mansfield News Journal, February 28, 2011)

The Ohio Tax Credit Authority today decided to extend the maximum job creation tax credit possible to Calisolar Inc. as an incentive for the company to locate in Ohio.


Finance Fund Receives $35 Million In New Markets Tax Credit Funding To Create Jobs In Ohio (Business Wire, February 28, 2011)

The funding will spur job creation by offering low-interest financing for projects that revitalize both urban and rural low income communities in Ohio. This is the sixth round of NMTC funding Finance Fund has received, totaling $170 million since 2004.


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