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Weekly News and Opinion from Ohio's Newspapers
May 4 - 10, 2010
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| 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.
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Pending home sales surge here, across US (Cincinnati Enquirer, May 4, 2010) All told, Southwest Ohio saw 3,065 pending home sale contracts last
month - up 38.4 percent over April 2009, according to the Cincinnati
Area Board of Realtors.
Open space levy gets resounding vote of confidence (Newark Advocate, May 5, 2010) The renewal of Granville Township's 2.5-mill open-space levy Tuesday put
new life into a program that gives Granville breathing room against the
reach of Central Ohio's sprawl.
Area slips in ranking of business locations (Toledo Blade, May 5, 2010) Declining incomes and stagnant job growth have
landed the Toledo area in a less favorable spot on Forbes.com's 12th
annual ranking of the Best Places for Business and Careers.
Inland port developers eye land in western Erie County, Conneaut Ohio area (GoErie.com, May 5, 2010) The Economic Development Corp. of Erie County is eyeing roughly 2,000
acres in western Erie County and the Conneaut, Ohio, area as it moves
forward with the multimillion-dollar plan to develop a sprawling,
regional transportation hub.
Ohio's stimulus jobs drop in winter (Columbus Dispatch, May 5, 2010) The federal stimulus supported fewer jobs in Ohio this past winter, down
about 7percent from the
last quarter of 2009, according to new reports.
Mentor OK's development incentives (The News Herald, May 5, 2010) Mentor City Council on Tuesday approved economic development incentive
deals to assist three companies in investing in the city and creating
jobs. Among them was a tax credit agreement with STERIS Corp., which plans to
construct a customer solutions center, including a two-story,
55,000-square-foot building that will connect three existing facilities
at its headquarters on Heisley Road.
Dille land could be taxed by Centerville and Sugarcreek Twp. (Dayton Daily News, May 5, 2010) While a North Carolina bank is jockeying to lay claim to the disputed
Dille property, Centerville and Sugarcreek Twp. moved a step closer to
determining which of them can collect property taxes from future
development.
| Editorial: On Issue 1, Ohio voters show they understand the link between innovation and prosperity (The Plain Dealer, May 6, 2010) Give Ohio voters -- Democrats, Republicans and independents alike -- a
lot of credit. Despite a still uncertain economy, they came together on
Tuesday and overwhelmingly said "yes" to continuing the Third Frontier
program of targeted investments in innovative research, products and
companies.
Solar panels offer peak at future (Bucyrus Telegraph Forum, May 6, 2010) North central Ohio is slowly turning toward technology and alternative energy sources as viable assets for jobs and power.
Greenfield OKs wind, solar plan (Record Herald, May 6, 2010) A plan to bring
wind turbines, solar energy - and much-needed jobs - to Greenfield got
the go-ahead at Tuesday's city council meeting. The plan is the
idea of Greenfield's new city manager, Betty Bishop, who knew the area
was in serious need of employers.
Poor revenue may add $4 million to TPS deficit, property tax delinquency rising (Toledo Blade, May 6, 2010) There could be $2 million to $4 million more
in losses over the next fiscal year from lagging tax collections to add
to the red ink in the new budget, which takes effect July 1. That's because property-tax delinquencies are
rising in addition to successful appeals from Lucas County property
owners to reduce their tax bills.
Editorial: Race to sign up (Akron Beacon Journal, May 7. 2010) The deadline is next week for Ohio's school districts and charter
schools to submit letters indicating participation in the state's
application for $400 million in federal reform grants. Ohio needs all
its local school boards and teachers unions, not just a fraction of
them, to sign up as a measure of statewide support for education reform.
Hard-hit Dayton searches for economic turnaround (CBS News, May 8, 2010) The government announced Friday that the jobless rate increased to 9.9
percent in April as more job seekers entered the market. At the same
time, the economy added 290,000 new jobs. That mixed picture is
reflected in Dayton, Ohio, a city hard-hit in recent years and, like
many cities, in search of an economic turnaround.
Northeast Ohio's industrial past could play key role in its clean-technology future (The Plain Dealer, May 10, 2010) Sectors including metal fabrication, plastics and chemicals could be key
players as the region moves to capture business in fields like advanced
energy, pollution controls and energy efficiency -- collectively known
as clean technology or "cleantech"-- Team NEO says in a report being
released today.
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