In This Issue
News From Around Ohio
Weekly News and Opinion from Ohio's
Newspapers
November 17 - 23, 2009
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Maxine Goodman Levin College of Urban Affairs,
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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Toledo fairs poorly in survey (Toledo Blade, Nov.
17, 2009) Metro Toledo ranked third from the bottom,
ahead of only Detroit and Flint, in an annual survey
that measures the economic vitality of the nation's 200
largest cities.
Degrees boost cities' economies, group says
(Columbus Dispatch, Nov. 18, 2009) The Columbus
economy would gain about $1.3 billion annually if it
could increase the number of adult residents with fouryear college degrees by 1 percentage point, to 33.5
percent, according to a study by CEOs for Cities.
Ohio Business Development Centers turn 25
(Youngstown Business Journal, Nov. 19, 2009)
Established in 1985, the network of 39 centers across
Ohio foster a strong climate for small business growth
with local partners including colleges and universities,
economic development agencies, chambers of
commerce and other community organizations.
Cleveland-Cuyahoga County Port Authority will
rethink move to East 55th St. (The Plain Dealer,
Nov. 20, 2009) The Cleveland-Cuyahoga County Port
Authority might shelve $500 million plans to move from
downtown to East 55th Street and to attract
international container ships, board members
announced Friday.
Toledo area ranks 22nd in home affordability
(Toledo Blade, Nov. 20, 2009) The study showed that
70 percent of all new and existing homes sold in the
third quarter of 2009 were affordable to families
earning the national median income of $64,000, down
slightly from a near-record 72 percent during the
previous quarter and up from 56 percent during the
third quarter of 2008.
Dayton SBA lending plummets in '09 (Dayton
Business Journal, Nov. 20, 2009) There were 260 SBA
loans approved during the SBA's Fiscal Year 2009,
down from 491 during the same time period in 2008, a
47 percent decrease. By dollar amount, lending in the
Dayton area fell by 43.5 percent.
University of Cincinnati, Xavier weather economy,
come out with soaring enrollment, strong strategy
(Cincinnati Business Courier, Nov. 20, 2009) With the
U.S. economic recession officially ended, Cincinnati's
two major universities appear to have emerged from it
in relatively good shape financially.
Tax alone won't erase city's deficits (Columbus
Dispatch, Nov. 22, 2009) Financial projections show
city government plunging back into the red in 2011,
despite collecting 25 percent more in income taxes
from every local worker.
Editorial: Third Frontier spirit (Akron Beacon
Journal, Nov. 22, 2009) Despite a prolonged
recession, Ohio's Third Frontier project continues to
generate positive economic news, growing jobs while
other industry sectors show declines. To be sure, the
state's investment in high technology hasn't created
another Research Triangle to rival North Carolina's.
That may be decades away. The Third Frontier has
helped to open the way for the state to get there.
Plan for affordable homes in township meets some
resistance (Columbus Dispatch, Nov. 22, 2009)
Cleveland Heights was mapped in 1924 and saw some
development in the 1940s and early 1950s. Then
construction largely came to a halt, primarily because
the area, an unincorporated part of Blendon Township,
had no sewers.
Editorial: Big money on campus (Akron Beacon
Journal, Nov. 22, 2009) Approval last week by Kent
State trustees of a plan to spend $200 million on
upgrades at the main campus promises many
welcome changes, from long-deferred maintenance to
renovations and new construction. President Lester
Lefton pointed to ''Soviet-style architecture,'' buildings
thrown up ''semi-haphazardly'' in the 1970s before
energy conservation and aesthetics were so important.
First Solar plant re-energized (Toledo Blade, Nov.
22, 2009) A huge expansion of a solar panel
manufacturing plant in Perrysburg Township is nearing
completion just in time for a massive planned increase
in solar energy use across the United States and
Canada.
Area cities see evidence of economic decline
(Dayton Daily News, Nov. 22, 2009) New data from the
Census Bureau's American Community Survey show
that Xenia had the region's largest increase in the
poverty rate this decade. The city also had one of the
largest drops in median household income, a Dayton
Daily News analysis of the data has found.
Alliance presents marketing plan to attract
businesses (Lancaster Eagle Gazette, Nov. 23, 2009)
The Alliance has a $150,000 yearly budget, most of
which is used for marketing purposes. Fairfield County
has invested $30,000 each year from 2008 through
2012. Other private and public investors, including the
city of Lancaster, which contributes $30,000 annually,
make up the remaining amount.
Edited and compiled by: Molly Schnoke, Center for Civic Education, Maxine Goodman
Levin College of Urban Affairs, Cleveland State University
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