Economic News Blue Banner
In This Issue
Join Our Mailing List!
Quick Links

Cleveland State University

Maxine Goodman Levin College of Urban Affairs, Cleveland State University
Email the Editor
Send to:
m.s.schnoke@csuohio.edu


Weekly News and Opinion from Ohio's Newspapers
March 29 - April 4, 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.

Tax breaks bring jobs to New Albany

(Columbus Dispatch, March 29, 2011)

The Ohio Tax Credit Authority approved tax credits yesterday for two companies that plan new locations for New Albany. Plastic-container company Axium Plastics of Mississauga, Ontario, is expected to create 165 jobs as part of a $16.2 million project that includes a 110,000-square-foot facility to house manufacturing and research-and-development functions. The company will receive a tax credit valued at $449,000 over seven years. It requires the company to maintain the site for 10 years.


Bad Girl names $25,000 winner   

(Cincinnati Enquirer, March 30, 2011)

Just several months ago, Robin McGee's company Just Great Foods was simply an idea. McGee was selected in December as a participant in Bad Girl Ventures' second class, which puts up to 10 women-owned businesses through intensive startup training before awarding loans to those who make the most progress.

 

Winburn: Scrap streetcars for trolleys 

(Cincinnati Enquirer, March 30, 2011)

City Councilman Charlie Winburn has proposed that the city scrap the streetcar plan in favor of an alternative in which trolley buses would run through Downtown and many city and suburban neighborhoods.  "Something's better than nothing," said Winburn, a longtime streetcar opponent who argues that recent setbacks make the $128 million-plus streetcar plan's prospects exceedingly doubtful.

 

Columbia to hire 125 for pipelines 

(Columbus Dispatch, March 31, 2011) 

Columbia Gas of Ohio plans to hire 125 workers to handle construction and maintenance of its pipelines on top of a similar number already working on the project, the company said yesterday.  Thirty-six of the openings are in central and southeastern Ohio. Columbia will spend $2 billion on about 4,000 miles of pipeline in Ohio in the next 20 or so years.


Cleveland's Signs of Renewal  

(Smithsonian Magazine, April 2011)  

Returning to his native Ohio, author Charles Michener marvels at the city's ability to reinvent itself.  

 

$150M shopping, housing complex planned for Centerville  

(Dayton Daily News, April 1, 2011)

Development of the Dille Farm into an estimated $150 million retail complex that will be known as Cornerstone of Centerville is expected to begin in October. A mixture of retail, restaurants, hotel, offices, residential developments and a park is being planned.

 

Penn National hires Smoot to manage casino construction

(Columbus Dispatch, April 1, 2011)

Penn National Gaming has hired Smoot Construction of Columbus to manage the construction of the planned casino in Franklin Township.  The $400 million project has been stalled because of a standoff between Penn and the city of Columbus over annexation of the casino site.

 

Bioplastics company might open Akron plant 

(Akron Beacon Journal, April 2, 2011) 

Some old factory space in Akron might get a new life as a place where newfangled plastics are produced.  The plant would be the first of its kind in the United States for Plantic Technologies Ltd. of Australia, which uses cornstarch to make plastic, said Sam De-Shazior of Akron's economic development department.

 

Columbia Gas center to become office space

(Toledo Blade, April 2, 2011)

River Road Redevelopment II LLC has purchased the former Columbia Gas of Ohio Inc. Service Center at 333 South Erie St. downtown with plans to redevelop it into commercial offices, including a new 25,000-square-foot building that will serve as the Toledo offices of Hull & Associates Inc., an engineering and project development firm based in Dublin, Ohio.


A different struggle 

(Cincinnati Enquirer, April 2, 2011)

The center of unrest and riots a decade ago, Over-the-Rhine now is home to $160 million in development projects, more than a dozen new businesses, about 200 renovated apartments and condos, a smaller population, less housing for the poor and a rate of serious crime that's half what it was in 2001.


Cities thrive on interaction

(Cincinnati Enquirer, April 3, 2011)

The Cincinnati metro, which has more than 2 million residents, benefits from the advantages of size. Beyond productivity and innovation, studies suggest that metro areas create greater happiness among their residents. 

 

New federal law aids small-business lending

(Columbus Dispatch, April 4, 2011)

The overhaul of the nation's small-business lending programs has been good for Ohio.  The number of loans and their value are up substantially in the state since the law went into effect last fall, according to Small Business Administration figures.  Banks made 1,364 loans totaling $377million from Sept. 28 to March4 to Ohio companies, compared with 1,108 loans for $241million in the same period the year before.


Edited and compiled by: Erika Franz, Center for Community Planning & Development, Maxine Goodman Levin College of Urban Affairs, Cleveland State University
CSU Levin College Forum | Cleveland State University | Maxine Goodman Levin College of Urban Affairs | 1717 Euclid Avenue | Cleveland | OH | 44115