by German Lopez
06.17.2013
29 hours ago
Posted In:
News,
Economy at 11:38 AM |
Permalink |
Comments (0)
State has added 4,400 jobs in past year
An infographic from Pew Charitable Trusts shows Ohio ranked No. 46 out of all the states for job creation in the past year, beating only Wisconsin, Maine and Wyoming and tying with Alaska.Between April 2012 and April this year, Ohio added 4,400 jobs — a 0.1-percent increase in the state's employment.The three states below Ohio and Alaska — Wisconsin, Maine and Wyoming — had a drop in employment ranging from 0.2 percent to 0.5 percent.North Dakota topped the rankings with 15,900 new jobs — a 3.7-percent increase in employment — largely driven by the state's ongoing oil and gas boom.The statistics coincide with previous warnings from liberal and conservative think tanks about the state's economy, signifying that Ohio is not undergoing the "economic miracle" that Gov. John Kasich and other state officials often tout.Here is the full infographic, which uses job data from the Bureau of Labor Statistics:Update (1:57 p.m.): Clarified that Ohio tied, not beat, Alaska.
0 Comments · Wednesday, June 12, 2013
City Council’s Budget and Finance
Committee on June 10 approved development plans for Fourth and Race
streets to build a downtown grocery store, a luxury apartment tower and a
parking garage to replace Pogue’s Garage.
by German Lopez
06.11.2013
7 days ago
Downtown grocery advances, city pension in trouble, county to investigate “double voters”
Got questions for CityBeat about, well, anything? Submit them here, and we’ll try to get back to you in our first Answers Issue.City Council’s Budget and Finance Committee approved a development plan for Fourth and Race streets to build a downtown grocery store, a luxury apartment tower and a garage that will replace Pogue’s Garage. The project will cost $80 million, with the city paying
$12 million through a five-year forgivable loan and private financing paying for the remaining $68 million. The city’s loan is being financed through urban renewal
funds, which are generated through downtown taxes and can only be used
for capital investment projects downtown. The project was originally attached to the city’s plan to semi-privatize its parking assets, but the city administration says the urban renewal funds opened up after a hotel-convention center deal collapsed.
The city’s pension fund saw a return of 12 percent in
fiscal year 2012, but the amount of money the city owes and should
contribute to the pension fund continues to go up.
The higher costs will likely force City Council to put more money
toward the pension, which means less money for other services. City Council has underfunded the pension system by varying
degrees since 2003 — a problem that was further exacerbated by the
economic downturn of 2008, which cost the city’s pension fund $102
million. Consultants suggested City Council view the pension fund
as “not being of good health” and make changes that would help make the
pension fund more “robust” and less volatile.As county and state officials move to investigate and potentially prosecute 39 “double voter” cases, local groups are pushing back with warnings that the investigations could cause a chilling effect among voters. Most of the cases cover voters who mailed in an absentee
ballot then showed up to vote on Election Day. Although the voters voted
twice, their votes were only counted once. Critics of the investigations, including Hamilton County Democrats, cite Ohio Revised Code Section 3509.09(B)(2),
which says voters who show up to vote on Election Day after filing an
absentee ballot should be given a provisional ballot. Hamilton County
Republicans say they’re not prejudging anyone and just want an
investigation.
Following a report that found Ohio’s juvenile correction facilities are among the worst in the nation for rape and other sexual assaults against incarcerated youths, the state is assigning assessors to the facilities to ensure proper protections and improvements are being put in place.The Greater Cincinnati Port Authority is looking to expand its coverage to better market the region. The Port Authority’s plans call for enlisting 18 counties across Ohio, Indiana and Kentucky.
A derailed train hit a local electrical tower yesterday, temporarily shutting down power for part of the region.
Fatal collisions between cars and trains at public railroad crossings increased in 2012 to the highest level since 2008.
The former Terrace Plaza Hotel was sold, but it’s not clear what will come next for the building.An experimental form of male birth control involves injecting gold into testes and zapping them with infrared light.
Another one of Saturn’s moons may contain an underground ocean.
by German Lopez
06.10.2013
8 days ago
Plan also includes parking garage, luxury apartments
In a 7-0 vote today, City Council’s Budget and Finance
Committee approved development plans for Fourth and Race streets to
build a downtown grocery store, 300 luxury apartments and a parking
garage to replace Pogue’s Garage.
Following the city’s $8.5 million purchase of the
property, the project will cost $80 million. The city
will provide $12 million through a five-year forgivable loan, and the
rest — $68 million — will come from private financing.
The committee hearing largely focused on the downtown
grocery store, which Odis Jones, the city’s economic development
director, called the “next step” of the city’s overall plans to
invigorate residential space and drive down office vacancy downtown.
Development company Flaherty and Collins will oversee the grocery store project, which was originally attached to the city’s plans to semi-privatize its parking assets.
The grocery store will be 15,000 square feet — slightly smaller than the Kroger store on Vine Street, which is about 17,000 square
feet — and open daily from 7 a.m. to 10 p.m. It will be run by an
independent operator, which is so far unnamed.
Flaherty and Collins CEO David Flaherty acknowledged it’s
“a compact space,” but he said it will be enough space for a
“full-service grocery store” with all the essentials, including fresh
produce.
The grocery store will be at the base of a new, 30-story residential tower, which will include 300 luxury apartments and a pool.
Across the street, the city will replace Pogue’s Garage, which city officials have long called an “eyesore,” with a new garage.
The seven Democrats on City Council voted in favor of the
plan, with Independent Councilman Chris Smitherman and Republican
Councilman Charlie Winburn abstaining.
Democratic Councilman P.G. Sittenfeld questioned the
funding sources for the project. City officials explained the $12
million loan will come through urban renewal bonds, which were
previously set aside in an urban revival plan that encompasses all of
downtown.
Jones said the money was going to a hotel-convention
center deal when the city originally pitched the parking plan, but that
deal has since collapsed.
City officials also noted the urban renewal fund, which is generated through downtown taxes, can
only be used on capital improvement projects that support development
and redevelopment downtown. Although the fund could be modified by
City Council, it could never go to operating budget expenses such as police
and fire.
Public dollars will go to the public garage, while private funds will carry the rest of the project.
The city’s $12 million investment comes through a
five-year forgivable loan, which means the city will get its money back
if parts of the project, including the privately funded grocery store,
fail to meet standards within five years. After the five years are over,
the loan is forgiven and any failure would result in a total loss on
the investment.
Smitherman, who opposed the city’s parking plan,
criticized the city administration for not presenting the current
funding plan as an alternative to the parking plan: “What I’d like as a
public policymaker is to see all of the options in front of me so that I
can choose not just one option but maybe three options.”
Sittenfeld also questioned Flaherty about two previous projects Flaherty and Collins undertook that went bankrupt. Flaherty said the bankruptcies were mostly related to the economic downturn of 2008, but admitted the bankruptcies forced the company to make changes.
The city estimates the project will produce 650
construction jobs and 35 permanent, full-time jobs.
For the city, the project is part of a much bigger plan
that includes getting 3,000-5,000 new residential units built
downtown in the next five years to meet rising demand.“It’s hot to be downtown right now,”
Jones said.
Jones explained the property would have cost Cincinnati millions of dollars regardless of the city’s buyout and development plans because of a liability agreement the city made in the 1980s.“When you start from
there and you gradually come up and look holistically at the project,
taking action was not only necessary, it was prudent,” he said.
by German Lopez
05.23.2013
26 days ago
Group ordains woman priests, Quinlivan suggests budget plan, county halts sewer projects
A group is ordaining Roman Catholic women priests despite Vatican opposition, and Debra Meyers will be Cincinnati's first woman to go through the ordination on May 25. Meyers told CityBeat the Association of Roman Catholic Women Priests' movement is about pressuring the Catholic Church to be more inclusive, including with women, LGBT individuals and other groups that may feel left out by the Church's current policies. The full Q&A with Meyers can be read here.In the latest budget plan, Councilwoman Laure Quinlivan is asking all city employees, including cops and firefighters, to take eight furlough days, which she says would save enough money to prevent all layoffs. That plan follows a motion co-sponsored by council members Roxanne Qualls and Chris Seelbach, which would eliminate all fire layoffs and reduce police layoffs to 25.Hamilton County commissioners voted to stop all sewer projects yesterday in opposition to the city's "responsible bidder" policy, which requires most contractors working with the Metropolitan Sewer District (MSD) to have apprenticeship programs. City Council, spearheaded by Seelbach, passed the measure to encourage more job training options for workers, but the county government says the measure is unfair and puts too much of a strain on businesses working with MSD. The issue will likely head to court.Commentary: "Good News Reveals Budget Deception."At last night's budget hearings, Councilman Charlie Winburn repeatedly brought up the city's so-called "credit cards," which are really procurement cards that are often used by the mayor to entertain and attract businesses to Cincinnati. Winburn says the use of the cards is outrageous when the city is considering laying off cops and firefighters, and Councilman Chris Smitherman says the system needs more controls. The cards are set up so they can only be used by city employees for certain services, and City Manager Milton Dohoney Jr. says the cards make the system more efficient, which means lower prices for the city.A bill in the Ohio House revives the Medicaid expansion, which was previously opposed by Republicans as part of the budget process. Gov. John Kasich is one of the top Ohio Republicans who supports the expansion, but it's unclear how far the bill can move this time, considering many Republicans are still opposed. CityBeat
covered the expansion, which would insure half a million Ohioans and
save the state money in the next decade, in further detail here.The Ohio General Assembly passed a bill
yesterday that would effectively ban Internet "sweepstakes" cafes,
which state officials say are prone to illegal gambling activity. State
Sen. Bill Seitz, a Cincinnati Republican, says the bill is a "shoot ‘em
and let God sort it out" approach because the bill generalizes against
all Internet cafes instead of imposing specific regulations that would
only target offenders. If Kasich signs the bill, it will become law.The Ohio Public Interest Research Group, a nonprofit advocacy group, submitted 589 petitions to the Ohio Senate opposing a measure that would force Ohio's public universities to decide between $370 million in out-of-state tuition revenue and giving out-of-state students documents required for voting. The measure was originally sneaked into the Ohio House budget plan, but Senate officials are removing it from the budget bill and appear likely to take it up in a standalone bill. CityBeat covered the original measure here.Greater Cincinnati home sales are continuing picking up. There 2,388 homes
sold in the region in April, up 22.65 percent from the year before —
even better than March's 13.5-percent year-over-year rise.Researchers are now suggesting rubbing a certain kind dirt on wounds.
0 Comments · Wednesday, May 22, 2013
City officials were either disastrously wrong or misleading the public when they insisted the parking plan was required to avoid massive public safety layoffs.
1 Comment · Wednesday, May 22, 2013
Two council members are proposing a budget plan that would eliminate fire layoffs and reduce police layoffs to 25 by making cuts elsewhere.
by German Lopez
05.22.2013
27 days ago
Local job numbers improve, housing supply lags behind demand, The Banks gets price tag
Local job numbers continued their positive trend
in April, with Cincinnati’s unemployment rate dropping to 6.9 percent
and the rest of the region following suit. Michael Jones, research
director at the University of Cincinnati Economics Center, attributed
the job gains to improvements in manufacturing and continued growth in
health care jobs. Still, the public sector continued to lag behind the
private sector — a trend Jones says could change in the coming months as
government budgets are adjusted to match higher tax revenues resulting
from the recovering economy.
Downtown’s population growth slowed last year as available housing failed to match demand,
according to Downtown Cincinnati Inc.’s annual report. In the past few
years, the city has pursued multiple actions to meet demand,
particularly through public-private partnerships. Most recently, City
Council approved leasing the city’s parking assets to raise funds that
would help build 300 luxury apartments, but that plan is currently being held up in court.
The second phase of The Banks riverfront project will cost $62 million,
according to the report from Downtown Cincinnati Inc. That’s smaller
than the first phase, which cost $90 million. The second phase of the
project is expected to begin this fall, and it should bring 300
apartments and 60,000 square feet of street-level retail space to the
area by the end of 2015. The Banks also plans to build a $45 million
hotel, which is also expected to be complete in 2015. The funding for the projects is
coming through multiple public-private partnerships.
After the final
public hearing on the city budget Wednesday, Councilwoman Laure Quinlivan plans to introduce her own
budget plan that would avoid all city employee layoffs. A statement from Quinlivan
did not give much in the way of details: “My plan saves all city jobs
and restores all neighborhood programs. It requires common sense and
shared sacrifice of all city employees.” Most recently, council members
Chris Seelbach and Roxanne Qualls co-sponsored a motion that would eliminate fire layoffs and reduce police layoffs to 25 by making cuts elsewhere.
The Ohio Senate plans to vote
today on a measure that would effectively close down hundreds of
Internet “sweepstakes” cafes around the state in an effort to eliminate
illegal gambling activities. The cafes’ operators insist their
activities are not gambling but rather a promotional tool that helps
sell Internet time and long-distance phone cards.
Cincinnati’s zoning hearing examiner says he’s trying to reduce the time it takes to go through the zoning hearing process to less than 60 days.
Three major Ohio universities, including the University of
Cincinnati, and four hospitals, including Cincinnati Children's
Hospital, are teaming up to find out what causes premature birth.
Beginning July 1, some Ohio interstates will allow drivers to go 70 miles per hour. Find out which ones here.
At congressional hearings yesterday, U.S. senators
criticized Apple for legally taking advantage of the complex American
corporate tax system, but Kentucky Sen. Rand Paul put the blame on
Congress:
Russia is building robots to “neutralize” terrorists, and other researchers are working on robots that will attempt to rescue people after disasters.
The creator of the GIF says it’s pronounced “jif.”
by German Lopez
05.21.2013
28 days ago
Posted In:
News,
Economy at 02:01 PM |
Permalink |
Comments (0)
Cincinnati unemployment rate drops to 6.9 percent
Local joblessness fell sharply in April, continuing a positive
trend as Cincinnati’s economy recovers from the Great Recession, according to new data from the Ohio Department of Job and Family Services (ODJFS).
“We’re continuing to see the same positive trend at both
the local level and the state level,” says Michael Jones, research
director at the University of Cincinnati Economics Center.
Cincinnati’s seasonally unadjusted unemployment rate dropped to 6.9
percent in April, down from a revised 7.4 percent in March and 7.4
percent in April 2012. In the past, the unemployment rate sometimes dropped as people gave up on looking for work and left the civilian labor force, but the April report reflected genuine improvements in the local economy. The civilian labor force and amount of people with a job were higher, and the amount of people without a job dropped.
The news was similarly positive for the rest of the region. Greater
Cincinnati’s seasonally unadjusted unemployment rate dropped to 6.5
percent, down from 7.2 percent in March and 7 percent in April 2012.
Hamilton County’s rate hit 6.3 percent, down from 6.9 percent in March
and 6.8 percent the year before.
Jones says the health care sector has been one of the
leading areas of growth in the local economy, but the April report also
showed strong gains in manufacturing — allaying fears raised in recent
months that the industry, which Jones calls “volatile,” was beginning to
recede.
“We’re starting to see that upward swing again,” Jones
says. “We’re not back on track ... but we’ve erased the last couple
months of losses.”
Still, the public sector has continued to decline,
reflecting budget cuts made at all levels of government in the past
couple years.
Jones says it’s common for the public sector to lag behind
the private sector, so it’s possible there will be government job gains in a few months
once government budgets are updated to match higher tax revenues resulting from the
recovering economy.
In Ohio, the seasonally unadjusted unemployment rate was
6.7 percent in April, down from 7.3 percent the month before.
Nationwide, the rate was 7.1 percent, down from 7.6 percent.
Job numbers are obtained through household surveys by the
U.S. Bureau of Labor Statistics, which uses the data to measures the
amount of people employed relative to the civilian labor force. The
numbers are adjusted for seasonal factors at state and national levels,
but not at the local level. Since the numbers are obtained through
surveys, they are often revised with stronger data in later months.
Local efforts join state battle against sex trafficking, prostitution
1 Comment · Wednesday, May 8, 2013
In our present-day American society, the
term “modern-day slavery” sounds almost like an oxymoron. Slavery, we
think, is a dark stamp in a long American history; at worst, it’s
something we think is isolated to poorly developed countries.