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Cleveland State University
Maxine Goodman Levin College of Urban Affairs, Cleveland State University
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Weekly News and Opinion from Ohio's Newspapers
April 5 - April 11, 2011
Greetings! 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.
(The Plain Dealer, April 6, 2011)
Minority business owners could have an easier time securing contracts, finding loans, expanding their companies and exporting their products, thanks to a partnership between the federal government and several Northeast Ohio nonprofits. The U.S. Department of Commerce announced Wednesday that it will support a minority-business center in Cleveland, through what could be $1.1 million in grants over five years.
(The Plain Dealer, April 6, 2011)
Cuyahoga County Executive Ed FitzGerald will announce plans today to use sales tax proceeds to jump start a $100 million economic development fund billed as one of the most ambitious public initiatives of its kind in the state.
(Cincinnati Enquirer, April 7, 2011)
Wornick Co., the shelf-stable food processor in Blue Ash, has received a $1.7 million Ohio Third Frontier grant that will put it on the cutting edge of bringing a new food sterilization process to market. The grant will buy equipment to support commercializing a new process using microwave heating for food sterilization.
(Columbus Dispatch, April 8, 2011)
Another signal that the economy is getting better and that banks are becoming more eager to loan money was provided yesterday by JPMorgan Chase. The bank said that lending to small businesses jumped 30percent in Ohio and 40percent in the U.S. last year. That comes after lending was sharply curtailed during the recession.
(The Plain Dealer, April 8, 2011)
The Cleveland International Fund is launching a new initiative, with hopes of raising $2 million over 12 months for foreign-born entrepreneurs. The year-old center, which focuses on matching wealthy overseas investors with local projects, will kick-start this new - and unusual - fund by putting $200,000 of its profits into grants, no-interest loans and low-interest loans for emerging companies.
(Cincinnati Enquirer, April 9, 2011)
Lafayette Hall must have been a lively place back in 1875. A blocky, four-story building at 18th and Race, it was a beer hall with a big dance floor and 20-foot ceilings on the top floor, a gathering place in Over-the-Rhine in the late 19th and early 20th centuries for the German-Americans who lived there. Today, it's one of those boarded-up, decrepit buildings in the troubled neighborhood that you'd pass by without even noticing.
(Columbus Dispatch, April 10, 2011)
Young entrepreneurs with ideas for tech start-up companies will be in the spotlight this summer in a new program sponsored by Ohio Third Frontier and Ohio State University's Fisher College of Business. The Ohio's New Entrepreneurs (ONE) Fund will encourage the development of those businesses.
(Columbus Dispatch, April 11, 2011)
The Ohio Third Frontier Commission recommended more than $7.5million in funding last week to eight companies through its Fuel Cell, Advanced Energy and Targeted Industry Attraction programs. Two projects affect central Ohio.
(Cincinnati Enquirer, April 11, 2011)
Failure by the state of Ohio to finalize key casino taxes and fees may delay the opening of Horseshoe Casino Cincinnati by three or four months, into 2013, developers said Monday. They say Gov. John Kasich's indecision is making it difficult for them to close financial deals necessary to proceed with the $400 million project at Broadway Commons downtown.
(IEWY News, April 11, 2011)
Integra LifeSciences Holdings Corporation today announced that it has opened a new facility in Medina, Ohio, to house its growing spinal implant business. The facility is equipped with the latest video and communication technology, which will help support global business operations as well as multi-site product development efforts.
r 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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