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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
July 3 - 9, 2012

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.

Offshore energy spurs Ohio's economy
(Youngstown Vindicator, July 3, 2012)
The Department of the Interior released the highly anticipated five-year Outer Continental Shelf leasing plan last week. Unfortunately, the plan fails to recognize that our nation's offshore energy resources are grossly underutilized, hampering energy security and dampening Ohio's economic recovery.

Ohio ranks near top for underwater mortgages
(The Plain Dealer, July 4, 2012)
Northeast Ohio's shaky housing market will grow more unstable and possibly drag down the local economy if banks don't reduce the principals on more mortgages, foreclosure prevention advocates say.

Columbus ranks 8th-best in tech jobs
(Columbus Dispatch, July 5, 2012)

Columbus was ranked the eighth-best city for tech jobs in the country in 2012, placing higher than other cities in Ohio and the region. From 2001 to 2011, Columbus' tech industry grew 31.4 percent, including a 9.5 percent gain from 2009 to 2011, according to a study by Praxis Strategy Group, an economic-development consulting firm in Grand Forks, N.D.


Editorial: Surplus of slogans

(Akron Beacon Journal, July 5, 2012)

John Kaisch declared Tuesday a "very good news day." The governor cited the state's improved balance sheet, Ohio ending the fiscal year with $482 million in its "rainy day" fund. This does deserve applause, reflecting a state in recovery, albeit a slow one. After the severe recession, the fund contained jut 89 cents. Might a portion of the revived sum go to school districts and local governments that are coping with sharp reductions in money flowing from the state?   


1.8 million Ohioans see income drop, report says 

(Dayton Daily News, July 7, 2012)

A record 1.8 million Ohioans saw their household incomes decrease by 25 percent or more in 2010, according to a new report.  


Study shows instability in Ohio's economy
(Youngstown Vindicator, July 7, 2012)
Ohio showed a record level of instability during 2010, while ranking in the middle of states in economic security, according to a study by the Rockfeller Foundation and a Yale professor.

With millions to invest, Ohio's Third Frontier stalls in low gear
(The Plain Dealer, July 8, 2012)
The commission denied the request with little explanation, to the dismay of many. Not only did commissioners reject a modest investment into green energy, they passed on a chance to do something toward their mission of leading Ohio into new industries.

Metro Toledo poised for economic growth
(Toledo Blade, July 8, 2012)
Exports and global engagement are crucial for the future successes of metropolitan areas across Ohio and the United States, according to the director of the Brookings Institution's respected Metropolitan Policy Program.

Need for talent leads to goal
(Cincinnati Enquirer, July 8, 2012)
Making progress toward the Bold Goals is critical to the region's economic development efforts, business leaders say.Ensuring a deep pool of healthy, educated workers is especially important in a knowledge economy where even traditional, blue-collar jobs in areas such as manufacturing require new skill sets.

Construction boom could lift economy
(Hamilton News Journal, July 8, 2012)
Rising demand in the private sector has boosted construction employment in Ohio and construction spending nationwide, raising hopes that the industry is gathering momentum and will help the economy's sluggish expansion.

         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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