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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
March 1 - 7, 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.

Developer branches out to solar energy

(Cincinnati Enquirer, March 2, 2011)

As the real estate market struggled to recover in 2009, local developer Capital Investment Group Inc. began to consider its options.Now the company is looking at 190 solar panels atop its 12-story Renaissance Power Building on East Eighth Street. Valued at $300,000, the panels will not only provide a portion of the historic building's electricity but serve as a showcase for prospective customers of Solargy Solar Systems.

 

Ohio job growth in January strongest in years

(The Plain Dealer, March 3, 2011)

State officials say a recovering economy helped make January Ohio's biggest month for job growth in more than 10 years. The Ohio Department of Job and Family Services said Friday that the state's payrolls outside of farms grew by 31,900 in January.

 

Teradata makes second big acquisition in less than 90 days (Dayton Daily News, March 3, 2011)

In less than three months, data warehousing expert Teradata Corp. has made two sizeable acquisitions.

On Thursday, Miami Twp.-based Teradata announced that it had signed a definitive agreement to acquire Aster Data Systems, Inc., a company focused on "advanced analytics and the management of a variety of diverse data."

 

Lancaster's Toxco Inc. has big plans for recycling "green" car batteries 

(The Columbus Dispatch, March 4, 2011) For all the environmental benefits of electric vehicles, there is a big concern about what to do with the battery packs when they reach the end of their lives. Toxco Inc. bills itself as one of a very few businesses in the United States that has the tools to recycle such batteries. The company is about to begin construction of a 60,000-square-foot expansion that will be capable of processing up to 9 million pounds of the lithium-ion packs per year.

 

Firestone to split with IndyCar; 68 workers to lose jobs when Akron plant closes (Akron Beacon Journal, March 4, 2011)

Race tire production at Firestone's plant in Akron will come to an end later this year - Bridgestone Americas is pulling out of IndyCar racing.  The announcement late Friday afternoon means 46 members of Steelworkers Local 7 who build race tires for Bridgestone Americas' Firestone facility will be out of a job by either September or October. An additional 22 salaried employees also will lose their jobs, according to the company.

 

Rolls-Royce to lay off 150 workers in Mount Vernon (Columbus Dispatch, March 4, 2011)

Rolls-Royce Energy Systems is laying off 150 of its 1,200 workers at its Mount Vernon plant, the company said today.

The workers produce turbines that are used by the oil and gas industries and for electricity production.

"This is due to our need to match internal capacity to the short-term demand we envision," spokesman Gary Hyman said in a statement.

 

Sinclair, DTMA offer training to improve technicians' problem-solving abilities (Dayton Daily News, March 4, 2011)

Sinclair Community College and the Dayton Tooling and Manufacturing Association (DTMA) are using $90,000 from the Ohio Skills Bank in seed money to make good manufacturing employees better.  The training of about 20 mid-level employees for several Dayton-area manufacturers will result in more than a new "advanced manufacturing specialist certificate," said Deb Norris, vice president, workforce development and corporate services for Sinclair.

 

Proposal would reunite Mansfield's Central Park (Mansfield News Journal, March 5, 2011) A proposal to restore Central Park to its former undivided state has been unveiled.  If the proposal goes forward, Central Park would no longer be two separate spaces, and it would be possible to hold large public events downtown without having to close North and South Park streets to accommodate pedestrians, proponent John Siegenthaler said.

 

American Greetings to stay in Ohio, with state aid; company undecided on headquarters site (The Plain Dealer, March 7, 2011)

American Greetings Corp. has decided to keep its world headquarters in Northeast Ohio, a move that drew praise from local leaders but also touched off a potential bidding war among communities that want to attract the Fortune 1000 employer.



Edited and compiled by: Erika Franz, Center for Community Planning & Development, Maxine Goodman Levin College of Urban Affairs, Cleveland State University
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