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by German Lopez 12.12.2012
 
 
kasich_2

Morning News and Stuff

Turnpike could remain public, asbestos bill passes, $150 million bid for parking services

The Ohio Turnpike will remain a public asset, according to The Columbus Dispatch. Many Ohioans have been worried Gov. John Kasich would attempt to privatize the Turnpike in order to pay for transportation projects; instead, the governor will try to generate revenue for state infrastructure projects elsewhere, perhaps by using the Turnpike’s tolls. Kasich will unveil his full plans Thursday and Friday.

The asbestos lawsuit bill is heading to Kasich to be signed. The bill attempts to curb duplicate lawsuits over on-the-job asbestos exposure. Supporters of the bill say it will prevent double-dipping by victims, but opponents say the bill will impede legitimate cases. Ohio has one of the largest backlogs of on-the-job asbestos exposure cases.

City Manager Milton Dohoney has released some of the potential bids for the city’s parking services, and one bidder is offering $100 to $150 million. Dohoney says the budget can only be balanced if parking services are privatized or the city lays off 344 employees. But Councilman P.G. Sittenfeld is speaking out against the privatization of the city’s parking services. In a statement, Sittenfeld said, “Outsourcing our parking system robs the city of future revenue, and also will mean higher parking rates, longer hours of enforcement, and more parking tickets.”

LGBT rights are becoming “the new normal,” but not for Western & Southern or American Financial Group. In the 2012 Corporate Equality Index, the Human Rights Campaign gave 252 companies a 100-percent score for LGBT rights. Cincinnati-based Procter & Gamble got a 90 percent, Macy’s got a 90 percent, Kroger got an 85 percent, Fifth Third Bank got an 85 percent, Omnicare got a 15 percent, American Financial Group got a 0 percent and Western & Southern got a 0 percent. The rankings, dubbed a “Buyer’s Guide,” can be found here.

The Sierra Club says Cincinnati has some of the best and worst transportation projects. In its annual report, the environmental group praised the Cincinnati streetcar, claiming the transportation project will attract residents and business owners. But the organization slammed the Eastern Corridor Highway project because of its negative impact on the Little Miami River and the small village of Newtown. The Sierra Club says the purpose of the report is to shed light on the more than $200 billion spent on transportation projects every year.

University of Cincinnati President Santa Ono is getting a 10-year contract.

The disease-carrying Walnut Twig Beetle has been discovered in southwest Ohio. The beetle is known for carrying Thousand Cankers Disease, which threatens the health of walnut trees. So far, no trees have been determined to be infected.

Ohio Gov. Kasich, Ky. Gov. Steve Beshear and U.S. Secretary of Transportation Ray LaHood will meet today to discuss funding for the Brent Spence Bridge project. If the bridge project starts in 2014, northern Kentucky and Cincinnati could save $18 billion in fuel and congestion costs, according to the Build Our New Bridge Now Coalition.

Following the defeat of Issue 2, the Ohio Senate is taking on redistricting reform, but opponents in the House say there isn’t enough time to tackle the issue. The current redistricting system is widely abused by politicians on both sides of the aisle in a process called “gerrymandering,” which involves politicians redrawing district lines in politically beneficial ways. The First Congressional District, which includes Cincinnati, was redrawn during the Republican-controlled process to include Republican-leaning Warren County, heavily diluting the impact of Cincinnati’s Democratic-leaning urban vote.

Ohio employers are more aware of wellness than employers in other states, a new survey found. Wellness programs are one way employers can bring down health-care expenditures as cost shifting feels the pinch of diminishing returns.

However, Ohio ranked No. 35 in a nationwide health survey.

Ohio district didn't win federal Race to the Top education funds in the latest competition.

Internet cafe legislation is dead for the year. Ohio Senate President Tom Niehaus announced the legislation, which essentially puts Internet cafes and sweepstakes parlors out of business. State officials, including Attorney General Mike DeWine, have been pushing for regulations or a ban on the businesses because they see them as a breeding ground for criminal activity.

The final 2011-2012 school report cards will not be available until 2013. The report cards were originally delayed due to an investigation into fraudulent attendance reports.

Michigan may have approved its anti-union right-to-work law, but Ohio is not eager to follow. State Democrats are already preparing for a possible battle over the issue, but even Republican Gov. John Kasich says he’s not currently interested in a right-to-work law.

The Ohio Environmental Protection Agency is loosening hazardous waste reporting requirements for companies. If the rules go into effect, regulated facilities will report on hazardous waste once every two years instead of once a year. The rule changes will get a public hearing on Dec. 19 in Columbus.

In a question-and-answer session Monday, U.S. Supreme Court Justice Antonin Scalia asked, “If we cannot have moral feelings against homosexuality, can we have it against murder? Can we have it against other things?” (Hint: The answer to both questions is yes.) The Supreme Court recently agreed to tackle the same-sex marriage issue. CityBeat wrote about same-sex marriage in Ohio here.

Dogs are now capable of driving, and parrots now have vehicles too. But can our new animal overlords shoot magic foam into the body to stop major bleeding? Because we can.

 
 
by German Lopez 08.10.2012
Posted In: Economy, News at 12:39 PM | Permalink | Comments (0)
 
 
agenda360

Health Care and Computers Will Top 2020 Jobs Market

New report finds Cincinnati will continue growing and creating jobs

A new report has found that some of the best jobs in Cincinnati in 2020 will not require college degrees.

The report, which was done in a collaboration by Agenda 360, Partners for a Competitive Workforce, the Strive Partnership and Vision 2015 using U.S. Bureau of Labor Statistics data, found that 46 percent of jobs in 2020 paying the city average of $33,310 and more will only require a high school diploma or an equivalent to a high school diploma. Twenty-four percent will require bachelor's degrees, and 15 percent will require associate's degrees.

The best-paying, fastest-growing jobs by 2020 will be health care practitioners and any job involving computers and math and science, according to the report. Business and financial jobs will continue being among the best paying, but growth in that area is expected to be fairly timid. Health care support jobs will grow very quickly, but those jobs typically fall below the median wage.

The report also found some of the industries that workers might want to avoid. Food service will grow slowly and pay the worst, the report found. Transportation and production will pay slightly better, but they won't grow much.

The report also found that Cincinnati will continue to grow and be among the top economies. The report estimated that Cincinnati will add 106,115 new jobs by 2020. That should bring Cincinnati to slightly more than 1 million jobs, putting it ahead of competitors Cleveland, Columbus and Austin, Tex. However, Cincinnati will still lag behind Minneapolis, Denver, St. Louis and Pittsburgh in the jobs market.

The full report can be read here.

 
 
by Danny Cross 06.06.2012
 
 
zeng

Morning News and Stuff

A local music teacher says Cincinnati Hills Christian Academy offered him a job and then rescinded the offer after asking him if he is gay. Jonathan Zeng says he went through the school's extensive interview process, was offered a position and then called back in for a discussion about religious questions in his application, during which he was asked directly if he is gay. Zeng says he asked why such information was pertinent, and an administrator said it was school policy not to employ teachers who are gay because they work with children and something about the sanctity of marriage. When contacted by local media CHCA released the following statement:

CHCA keeps confidential all matters discussed within a candidate's interview. We're looking into this matter, although the initial information we have seen contains inaccuracies. We will not be discussing individual hiring decisions or interviews.
Cincinnati's deficit isn't going to get better any time soon, according to a new report.

The Reds drafted high school pitcher Nick Travieso in the first round of the MLB draft on Monday. Here's a rundown of their other picks Monday and Tuesday.

Senate Republicans yesterday blocked a Democratic bill calling for equal pay in the workplace, and the Dems are going to stick it in their faces during this year's campaigns. From the AP:

As expected, the pay equity bill failed along party lines, 52-47, short of the required 60-vote threshold. But for majority Democrats, passage wasn't the only point. The debate itself was aimed at putting Republicans on the defensive on yet another women's issue, this one overtly economic after a government report showing slower-than-expected job growth.

"It is incredibly disappointing that in this make-or-break moment for the middle class, Senate Republicans put partisan politics ahead of American women and their families," Obama said in a statement after the vote.

"Even Mitt Romney has refused to publicly oppose this legislation," added Senate Majority Leader Harry Reid. "He should show some leadership."

The Washington Post wonders whether Mitt Romney can use Wisconsin Gov. Scott Walker's template for surviving a recall election to try to win the presidency. It involves “big money, powerful organization and enormous enthusiasm among his base.” Exit polls in the state suggest Obama is ahead, however.

China wants foreign embassies to stop releasing reports and Tweeting about its poor air quality.

Gonorrhea growing resistant to antibiotics? Rut roh.

Dinosaurs apparently weighed less than scientists previously thought. Adjust paper-mache Brontosaurus as necessary.

Facebook is considering letting kids younger than 13 use the site.

The Boston Celtics took a 3-2 series lead over the Miami Heat on Tuesday and could send Bron Bron and Co. back home on Thursday.

 
 
by German Lopez 12.11.2012
Posted In: Energy, Economy, News, Budget, Governor, Privatization at 10:08 AM | Permalink | Comments (0)
 
 
kasich_2

Morning News and Stuff

Kasich lacks re-election support, budget faces scrutiny, city increasing green incentives

For the first time since inauguration, Ohio Gov. John Kasich has a positive approval rating, but a plurality of registered voters say Kasich doesn’t deserve a second term. The Quinnipac University poll attributed the increase in Kasich’s approval rating to “high levels of satisfaction among Ohio voters with life in the Buckeye State.” About 42 percent of respondents approved of Kasich, while 35 percent disapproved. About 42 percent said Kasich doesn’t deserve a second term, while 36 percent said he does. The poll surveyed 1,165 registered voters with a margin of error of 2.9 percent.

Last night, Cincinnati held its final public hearing on City Manager Milton Dohoney’s proposed budget. About 40 people spoke during the meeting, with many voicing concern about Media Bridges funding, which CityBeat recently covered here. The budget has also come under scrutiny due to its privatization of parking services, but Dohoney says the choice is privatization or 344 layoffs.

Cincinnati plans to bolster its green building incentives. City officials are trying to amend the city’s Leadership in Energy and Environmental Design (LEED) standards to encourage higher levels of investment in green projects. Since LEED standards were first approved in 2009, they have been criticized for only offering strong incentives for lower levels of certification. The amendment seeks to make the higher levels of certification more appealing.

University Hospital is being renamed to the University of Cincinnati Medical Center.

An “anti-immigrant bill” proposed by Cincinnati’s Ohio Sen. Bill Seitz is not being received well by Innovation Ohio. S.B. 323 seeks to limit workers’ compensation to illegal immigrants, but the Ohio policy research group is not sure that’s a legitimate problem. The organization is also worried the bill will impose a regulatory burden on the Ohio Bureau of Workers’ Compensation and Ohio’s workers without providing extra funds and training to carry out the regulations.

Ohio is improving in its battle against human trafficking. The state earned a “C” and it was labeled “most improved” in a new report from the Polaris Project. But one state legislator wants to go further by placing tougher standards on “johns” participating in the sex trade. CityBeat previously wrote about the human trafficking problem in Ohio here.

The Ohio Tax Credit Authority approved enough credits to help create about 500 jobs in Greater Cincinnati.

Michigan may have recently passed its anti-union “right-to-work” law, but Gov. Kasich does not share a similar interest.

Kasich will announce his changes to the Ohio Turnpike Thursday and Friday. The governor says his proposed changes will unlock “greater wealth,” but critics are worried Kasich is about to sell off a major public asset.

Ohio Secretary of State Jon Husted is still defending his decisions during the lead-up the election. Husted has now become infamous nationwide due to his pre-election record, which CityBeat wrote about here.

Even Jesus would be jealous. Science can now turn human urine into brain cells.
 
 
by German Lopez 10.12.2012
Posted In: News, Economy, Education at 10:58 AM | Permalink | Comments (0)
 
 
2012 report

Cincinnati No. 10 out of 12 Similar Cities

Report finds Cincinnati strong on housing opportunities and job growth, weak on migration

A new report has some sobering notes for Cincinnatians. Overall, the city ranked No. 10 out of 12 similar cities in the report’s rankings, with the city doing well in housing opportunities and job growth but not so well in other categories. The No. 10 spot is the same rank Cincinnati held in the 2010 report.

The report, which was put together by Agenda 360 and Vision 2015, compares Cincinnati to other cities in a series of economic indicators. The cities compared were Cincinnati; Austin, Texas; Charlotte, N.C.; Cleveland; Columbus; Denver; Indianapolis, Ind.; Minneapolis, Minn.; Pittsburgh; Raleigh, N.C.; and St. Louis.

First, the good news: Cincinnati has an unemployment rate lower than the national average, at 7.2 percent. As far as job growth, total jobs, per-person income and average annual wage goes, Cincinnati ranked No. 6. Cincinnati was also No. 5 in poverty ranks — meaning the city had the fifth least people below 200 percent of the federal poverty level among the 12 cities measured. For the most part, Cincinnati moved up in these ranks since 2010.

When it comes to housing opportunities, Cincinnati claimed the No. 2 spot, only losing to Indianapolis. That was a bump up from the No. 3 spot in 2010.

The bad news: Cincinnati didn’t do well in almost every other category. In terms of educational attainment — meaning the percent of the population 25 years or older who have a bachelor’s degree or higher — Cincinnati was No. 9, with 29.3 percent having a bachelor's degree or higher in 2010. That was a slight improvement from the No. 10 rank in the previous report, which found 28.5 percent had a bachelor's degree or higher in 2009.

Cincinnati did poorly in net migration as well. The city was No. 10 in that category, only beating out St. Louis and Cleveland. The silver lining is the city actually gained 1,861 people in 2009 — an improvement from losing 1,526 people in 2008.

Cincinnati also seems to have an age problem. The city tied with Pittsburgh for the No. 10 spot with only 60.2 percent of the 2011 population made up of people between the ages of 20 and 64. The report also says the city has too many old people, an age group that tends to work less, provide less tax revenue and use more government and health services. Cincinnati ranked No. 8 in terms of “Old Age Dependency,” with 20.4 percent of the city made up of people aged 65 and older in 2011.

However, the report does have a positive note through all the numbers: “In fact, our current pace of growth, especially in the people indicators, exceeds many of our competitors and if this pace continues, our rank could be much improved by our next report.”

 
 
by Kevin Osborne 04.13.2012
Posted In: Taxes, Public Policy, Poverty, Economy, Family at 03:25 PM | Permalink | Comments (0)
 
 
eitc

Group Pushes for Ohio Tax Change

Think tank: EITC would help working families

A nonpartisan think tank that advocates for poor and working class families is urging that Ohio adopt its own version of the federal Earned Income Tax Credit (EITC).

 

The group, Policy Matters Ohio, said a state version of the federal tax credit, set at 10 percent, would divert just $210 million from Ohio’s coffers but would benefit 949,000 low-income working families across the state. Such a credit would provide families with an average of $221 each, which Policy Matters Ohio described as “modest but helpful.”

 

Currently 24 states and the District of Columbia have Earned Income Tax Credits, ranging from 3.5 percent to 50 percent of the federal credit.

 

“A state EITC program enables families to work and build assets while reducing the impact of regressive income tax changes,” said a statement released by Policy Matters Ohio.

 

“A state EITC makes sense because recent changes to the personal income tax have provided greater tax reductions for higher-income earners than they have for lower- and middle-income families,” the statement continued.

 

The federal EITC is a refundable tax credit for low- and medium-income individuals and couples, and is considered the nation’s largest poverty relief program. When the credit exceeds the amount of taxes owed, it results in a tax refund to those who qualify and claim the credit.

 

To qualify for the EITC, a recipient must have earned income of $49,000 or less. The credit is worth significantly more for families with children and is refundable, which means families receive cash refunds above their tax liability.

 

Created in 1975, the federal EITC is aimed at helping lift families with children about the poverty level, along with offsetting the burden of Social Security taxes and maintaining an incentive for people to work.

 

In Ohio, 949,692 people currently claim the federal EITC. The credit generates $2.1 billion for state residents, and the average refund is $2,211.

 

Founded in 2000, Policy Matters Ohio is a nonprofit, nonpartisan policy research organization that seeks to create “a more prosperous, equitable, sustainable and inclusive Ohio,” through research and policy advocacy.

 

Based in Cleveland and Columbus, the organization is funded primarily through grants from groups like the Ford Foundation, the Sisters of Charity Foundation, the Center on Budget and Policy Priorities, the Corp. for Enterprise Development and others.

 
 
by German Lopez 03.13.2013 65 days ago
Posted In: News, Development, Economy, Streetcar, Mayor at 01:24 PM | Permalink | Comments (1)
 
 
john cranley

Cranley: Redirect Funding From Streetcar to Interchange

Federal grants tied to streetcar, transit projects

The MLK/I-71 Interchange project is supposed to be funded through the city’s parking plan, but mayoral candidate John Cranley, who opposes the parking plan and streetcar, says the city should instead use federal funding that was originally intended for the streetcar project.

Between 2010 and 2011, the streetcar project was awarded about $40 million in federal grants — nearly $25 million through the Urban Circulator Grant, $4 million through the Congestion Mitigation and Air Quality (CMAQ) Grant and nearly $11 million through TIGER 3.

The grants are highly competitive and allocated to certain projects. In the case of Cincinnati, the grants were specifically awarded to the streetcar after it was thoroughly vetted as a transit, not highway, project.

The Department of Transportation (DOT) website explains why the Urban Circulator Grant is only meant for transit projects like the streetcar: “Urban circulator systems such as streetcars and rubber-tire trolley lines provide a transportation option that connects urban destinations and foster the redevelopment of urban spaces into walkable mixed-use, high-density environments.”

The CMAQ Grant’s main goal is to fund projects that curtail congestion and pollution, with an emphasis on transit projects, according to the Federal Highway Administration. The website explains, “Eligible activities include transit improvements, travel demand management strategies, traffic flow improvements and public fleet conversions to cleaner fuels, among others.”

The DOT website says TIGER 3 money could go to a highway project, but one of the program’s goals is promoting “livability,” which is defined as, “Fostering livable communities through place-based policies and investments that increase transportation choices and access to transportation services for people in communities across the United States.” TIGER 3 is also described as highly competitive by the DOT, so only a few programs get a chance at the money.

When asked about the grants’ limitations, Cranley said, “I believe … the speaker of the house, the senator, the congressman, the governor and the mayor could petition and get that changed. Just because that may have been the way they set the grants in the first place doesn’t mean they can’t change it.”

The parking plan would lease Cincinnati’s parking assets to the Port of Greater Cincinnati Development Authority and allocate a portion of the raised funds — $20 million — to the MLK/I-71 Interchange project, but the plan is currently being held up by a lawsuit seeking to enable a referendum.

The streetcar is one of the few issues in which Cranley and Vice Mayor Roxanne Qualls, a streetcar supporter who is also running for mayor, are in stark contrast (“Back on the Ballot,” issue of Jan. 23).

Cranley’s opponents recently accused him of originally supporting the streetcar when he was a council member through two 2008 City Council motions, but Cranley says those motions, which he co-sponsored, only asked the city administration to study the merits of a streetcar plan, not approve of it. Cranley voted no on the first streetcar resolution in October 2007 and the motion to actually build the streetcar in April 2008.

“I’ve never said that I’m against the (streetcar) concept in all circumstances,” Cranley says. “I wanted to know if there was a way that they could pay for it in a way that wouldn’t take away from what I thought were more important priorities.”

 
 
by German Lopez 03.14.2013 64 days ago
Posted In: News, Economy, Budget, Governor at 12:14 PM | Permalink | Comments (0)
 
 
p.g. sittenfeld.nar

Sittenfeld to Kasich: Restore Local Government Funding

Report found state has cut local government funding by nearly 50 percent since 2010

With the support of local officials from around the state, Cincinnati Councilman P.G. Sittenfeld is launching a website called ProtectMyOhio.com to organize efforts to restore local government funding cut during Gov. John Kasich’s time in office.

Speaking during a phone conference today, Sittenfeld, Dayton Commissioner and mayoral candidate Nan Whaley, Columbus Councilman Zach Klein and Toledo Councilman and mayoral candidate Joe McNamara described how state funding cuts have forced cities and counties to cut services.

“What we’re really trying to do today is speak up and sound the alarm about the governor’s ongoing raid on the Local Government Fund,” Sittenfeld said. “Over the last four years, the governor has taken away $3 billion in local government funding. This year alone, municipalities across Ohio are going to receive nearly $1 billion less than they previously would have.”

He added, “This is the exact same money that cities, villages and townships used to keep cops in the street, staff our fire departments, fix the potholes and some of the other basic services that citizens rightly expect and the local governments are the ones responsible for delivering.”

In the past, the Kasich administration has argued the cuts were necessary. When previously asked about cuts to education and other state funding, Rob Nichols, Kasich’s spokesperson, told CityBeat, “The reality is we walked into an $8 billion budget deficit. … We had to fix that.”

But the 2014-2015 budget is not under the fiscal pressures Kasich experienced when he took office, and the governor is pursuing $1.4 billion in tax cuts over the next three years, which he argues will help spur small businesses around the state. During the phone conference, local officials said the revenue going to tax cuts would be better used to return funds to local governments. 

Sittenfeld says the cuts have left Cincinnati with $12 million less per year. “That is the difference between us having our first police recruit class in nearly six years versus not having it,” he said. “It’s the difference between enduring dangerous fire engine brownouts versus not having to do so.”

Klein, who represented Columbus in the call, said the cuts have amounted to nearly $30 million for his city, which he said is enough money to help renovate nearly all the city’s recreation centers, parks and pools.

“No one is spared,” Klein said. “Everyone is getting cut across the state, and every neighborhood — no matter if you’re in a small village or in a large city like Columbus, Cleveland, Toledo or Dayton — (is) at some level feeling the effects of the cuts, whether it’s actual cuts in services or what could be investments in neighborhoods.”

Klein said the cuts, which have been carried out by a Republican governor and Republican-controlled legislature, contradict values espoused by national Republicans. At the federal level, Republicans typically argue that states should be given more say in running programs like Medicaid, but Ohio Republicans don’t seem to share an interest in passing money down to more local governments, according to Klein.

Some state officials have previously argued that it’s not the state’s responsibility to take care of local governments, but Sittenfeld says it’s unfair to not give money back to the cities: “Cincinnati is a major economic engine for the entire state. We’re sending a lot of money to Columbus, so I think it’s fair to say we would like some of that money back. John Kasich doesn’t have to fill the potholes, and John Kasich doesn’t have to put a cop on the street.”

Whaley, who represented Dayton in the call, said, “There’s a county perspective on this as well. The counties would certainly say that the unfunded mandates that the state legislature brings down daily are covered by those local government funds. While (state officials) keep on making rules for the counties to administer services and make those efforts, it’s pretty disingenuous to say that (county officials) don’t get a share of the income.” 

A Policy Matters Ohio report found the state has cut $1.4 billion from local government funding — nearly half of total funding — during Kasich’s time as governor. The report pinned much of that drop on the estate tax, which was phased out at the beginning of 2013 and would have provided $625.3 million to local governments in the 2014-2015 budget. The estate tax was repealed in 2011 by the Republican-controlled Ohio legislature and Kasich.

Cincinnati had structural deficit problems before Kasich took office, but local officials argue the state’s cut have made matters worse. When presenting his 2013 budget proposal, City Manager Milton Dohoney Jr. said the state funding reductions cost Cincinnati $22.2 million in revenues for the year.

Kasich’s office did not return CityBeat’s phone calls for this story.

Kasich’s latest budget proposal has also been criticized by Republicans and Democrats for tax cuts and education funding plans that benefit the wealthy and expanding Medicaid (“Smoke and Mirrors,” issue of Feb. 20).

 
 
by German Lopez 12.05.2012
Posted In: News, Government, Economy at 12:03 PM | Permalink | Comments (0)
 
 
city-somolend partnership

City Partnership to Support Small Businesses, Startups

Cincinnati to work with SoMoLend in lending plan

The city of Cincinnati will be pairing up with a web-based lending platform to help out small businesses and startups. With the approval of the Small Business Advisory Committee, the city and SoMoLend will give up to $400,000 in loans to stimulate economic growth and job creation.

The partnership will aid small businesses and startups through crowd funding, which connects multiple potential lenders so no single investor, including the city government, is carrying the a bulk of the burden. Since crowd funding gets more investors involved, it can also raise more money for promising startups and small businesses.

Businesses will be picked through SoMoLend’s typical application process, which emphasizes startups and small businesses. Successful applicants usually have 15 or fewer employees, meet a few standards regarding business and personal finances and prove they actually need a commercial loan. In the past, businesses have raised as much as $1 million in loans with SoMoLend.

Applicants will also have to go through the city’s application process. The city government will look at how many jobs are created, what’s the capital investment involved, how much the city will give relative to private lenders and other similar metrics.

Even as the economy recovers, small businesses and startups are having a tough time getting loans in comparison to bigger businesses. So the focus on small businesses and startups is in part to bring beneficial fairness to the system, says Meg Olberding, city spokesperson. “Access to capital at all levels has to happen. And the city government feels like small businesses are key to growth in our local economy.”

The partnership’s focus on startups is economically sound. Governments and politicians love to herald small businesses as the drivers of economic growth, but studies suggest startups are more deserving of the praise. A paper from the National Bureau of Economic Research found that young small businesses, or startups, are the key drivers to economic and job growth. 

As for why SoMoLend was picked over other platforms, Olberding says location and history played a role: “It’s a local small business, so it’s … demonstrating what we’re talking about. It’s also a demonstrated success in terms of bringing viable businesses to the market.”

The partnership is part of an ongoing effort to spur small businesses and startups in Cincinnati. SBAC was created in 2012 to pave a clearer, better path that encourages such businesses in the city. SBAC reviewed, gave feedback and approved the new partnership earlier today.

Councilwoman Yvette Simpson, head of SBAC, praised the partnership in a statement: “I am excited that the SBAC approved the city’s new partnership with SoMoLend today. By making city lending more efficient and expanding the network of small businesses receiving city assistance, this new partnership fits well into the SBAC’s goal of making Cincinnati a better place for small business.”

 
 
by German Lopez 12.18.2012
 
 
tedstrickland

Morning News and Stuff

Strickland calls for gun control, Kasich to loosen gun rules, Mallory rebuts streetcar claims

Former Ohio governor Ted Strickland, who rose to the governorship with the help of the National Rifle Association, says gun rights and gun control can co-exist. The claim is in light of the massacre at Sandy Hook Elementary School in Newtown, Conn., which killed 20 children and six adults. Many have called for stricter gun control in light of the past year’s bouts of gun violence, but Republicans are typically opposed to such proposals. A recent poll from The Washington Post and ABC News found 59 percent of Americans support banning high-capacity ammunition clips, much like the ones used in the Newtown shooting. Another 52 percent back the ban of semi-automatic handguns. 

Still, Gov. John Kasich isn’t changing his mind on the Second Amendment. He says he will sign a bill that allows guns in the Ohio Statehouse parking garage. The bill will also change the definition of an unloaded gun, allowing gun owners to carry loaded clips in their vehicles as long as they are in a separate compartment from the gun, and make concealed carry permits from other states easier to validate in Ohio.

Despite denials from city officials, mayoral candidate John Cranley and Councilman Chris Smitherman insist city government is trying to use the transit fund to fund the streetcar. But Mayor Mark Mallory in an op-ed for The Cincinnati Enquirer said it will not happen. Mallory said the dispute dates back to a lawsuit filed by Southwest Ohio Regional Transit Authority (SORTA), which runs the Metro bus system. The lawsuit demands transit funds be solely dedicated to SORTA.

Cincinnati’s U.S. Rep. Steve Chabot has vowed to continue trying to kill the streetcar. Even though voters have approved of the streetcar twice, Chabot, who also represents Warren County in district boundaries that were redrawn by Republicans, says he would rather focus federal funding on other projects, like the Brent Spence Bridge.

A conservative northern Kentucky lawmaker is supporting a bill that expands prisoners’ rights to DNA testing. The bill would allow a Cincinnati man to push for DNA testing that he claims will exonerate him of a 1987 rape and murder in Newport. Ky. Sen. John Schickel argued, “If DNA testing is good enough to send you to prison it should be good enough to get you out of prison.”

Cincinnati-based Fifth Third Bank bought another $100 million in stock from Credit Suisse International. The deal is part of a larger program to buy back 100 million shares.

Cincinnati State is in line to obtain $123,000 from the state government. The funding could create 51 new or expanded co-op jobs.

The United Way of Greater Cincinnati announced $50.7 million in investments for 2013, a slight increase from 2012. The increase will help boost funding to prepare children for kindergarten by 5 percent. It will also fund 288 programs at 146 agencies, with seven becoming new United Way agency partners.

The Prince Hall Shriners, which describes itself as “the world’s oldest African-American fraternal organization,” is returning to Cincinnati in 2015. The convention was in Cincinnati in 2011.

Duke Energy’s local management is being shaken up. Jim Henning will take over as president for Duke Energy Ohio and Kentucky.

Ohio Board of Regents Chancellor Jim Petro is retiring.

Did you know our solar system is sort of like a phoenix? It apparently rose from the cumulative ashes of countless stars, not one supernova.

 
 

 

 

 
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