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|Weekly News and Opinion from Ohio's Newspapers|
June 26- July 2, 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.|
|As new economy surges, blacks and Hispanics fall behind|
(The Plain Dealer, June 26, 2012)
"The Fusion of Inclusion," released Monday, warns that blacks and Hispanics are nearly invisible in Northeast Ohio's new economy and that their "underperformance" in advanced industries threatens the region's economic competitiveness.
O-I gets $3 million state grant to expand R & D facilities
(Toledo Free Press, June 26, 2012)
Owens-Illinois Inc. received a $3 million research-and-development grant from the State of Ohio to help the company expand its R & D facilities in collaboration with the College of Engineering at the University of Toledo.
Ohioans agree: Advanced energy technology crucial to economic survival
(The Plain Dealer, June 27, 2012)
Eight out of 10 Ohio residents think that the development of advanced energy technologies -- everything from hybrid cars to smart buildings to wind, solar and nuclear energy -- are important to the state's economic future, a new poll has found.
Colleges struggle to cash in on research
(Springfield News Sun, June 28, 2012)
Ohio lags among other states when it comes to turning the $2 billion spent in research at the state's public universities into successful commercial products.
Editorial: Reverse the regulation
(Akron Beacon Journal, June 28, 2012)
Foreclosures have left thousands of vacant and abandoned properties in various stages of dilapidation. The structures present all kinds of problems: They invite vandalism and criminal activities; they attract vermin and pose health and safety hazards. They drive down neighborhood property values and cost local governments extra expense. Summit County has identified nearly 5,000 vacant residential properties. Across Ohio an estimated 100,000 vacant houses need to be demolished.
The many hands of the housing market
(Cincinnati Enquirer, June 29, 2012)
The good news is that the Cincinnati MSA escaped the dramatic escalation of housing prices that characterized the industry in other parts of the country. Therefore, when the housing bubble burst, housing prices here fell less than in other areas. On the other hand, the onset of distressed mortgages began in Cincinnati much earlier than in other cities. In 2002, the proportion of mortgages that were distressed was above the national average in Cincinnati.
Toledo has 5th largest decline in population
(Toledo Blade, June 29, 2012)
The city lost 1,170 people between April 1, 2010, and July 1, 2011, down to 286,038 residents from 287,208. Only St. Louis, Baltimore, Cleveland, and Detroit lost more people among cities with more than 50,000 residents during that time, according to the census.
Trumbull County officials OK $18K pact with chamber
(Youngstown Vindicator, June 30, 2012)
The chamber concentrates on the retention and expansion of local business and the attraction of new business to the Mahoning Valley. The chamber provides economic development services by assisting companies to identify suitable properties, secure project incentives and obtain strategic information, along with other services.
Duke's Janson bridging gaps
(Cincinnati Enquirer, July 1, 2012)
Julie Janson, president of Duke Energy Ohio and Kentucky, has made accelerating construction of a new Brent Spence Bridge a priority this year as she chairs the Cincinnati USA Regional Chamber.
Editorial: Caution warranted
(Columbus Dispatch, July 2, 2012)
Gov. John Kasich's frugal first take on the next state budget is the right approach for a state still struggling to rebound economically. Kasich's instruction to state agencies is to prepare two budget proposals for 2014-15 - one based on a flat budget and one assuming a 10 percent spending cut.