Economy

Business news

Congressman Tim Ryan
TIM RUDELL / WKSU

At least one Ohio Democrat is skeptical of President Trump’s outline of how he wants to renegotiate NAFTA.  

Congressman Tim Ryan – a Youngstown-area Democrat -- also been pushing for improvements to the North American Free Trade Agreement. But he says 25 years of trade has cemented complex supply and other relationships, and that’s why he wanted to see details on what the Trump administration hopes to accomplish. So far, he says, all he’s seen are vague generalities.

tax form
FLICKR

Gov. John Kasich’s initial state budget would have required businesses to file certain tax forms with the state instead of in the cities in which they operate. After objections from cities, the final state budget made that an option. It’s still under debate on both sides.

Strickland at Lordstown Cruze launch
JEFF ST.CLAIR / WKSU public radio

A new report by the Brookings Institution shows signs of a slowdown in the auto industry that will likely resound throughout the manufacturing economy. And a map included in the report identifies Northeast Ohio as among the areas that will be hurt.   

It’s been six years since delinquent taxpayers in Ohio were given a chance to pay up without penalties. The new state budget gives them another opportunity at the beginning of next year.

photo of Tim Keen
OHIO OFFICE OF BUDGET AND MANAGEMENT

The state budget director took a lot of heat for tax collections that came in nearly a billion dollars below his projections.  That office is trying to make sure it doesn’t miss with its forecast for the new budget. But there are still a lot of economic uncertainties to deal with.

Kent Scarrett
OHIO MUNICIPAL LEAGUE

One of Gov. John Kasich’s vetoes overridden by the House last week involves a tax on managed-care organizations that helps raise money for counties and transit authorities. Those local groups are hoping senators go along with that override.

Kasich had vetoed a plan to ask for a tax increase on  managed-care organizations.

ODOT Meetng on HOF Interchange
Tim Rudell / WKSU

No homes, places of business or local tax dollars will be involved in improving the I-77/U.S. 62 interchange near the expanding Pro Football Hall of Fame in Canton.

At a public meeting last night, the Ohio Department of Transportation said the plan involves only an addition of lanes to some already in place. So, there will be no new property acquisition., according to project finance planner Steve Rebillot.

photo of Christine Mayer
GAR FOUNDATION

Members of Akron’s new Growth Council have high hopes for the organization following its first meeting last week.

Mayor Dan Horrigan created the council earlier this year to focus on strategic economic growth including outside investment in the city. During the first meeting, members reviewed the council’s charter and established the group’s objectives.

photo of Hattie Larlham
PEACEFUL FRUITS

A Summit County entrepreneur is making a bid to save a non-profit work program for people with developmental disabilities.

Since last summer, Evan Delahanty has been contracting with Hattie Larlham for about a dozen workers to produce acai fruit strips for his company, Peaceful Fruits. The arrangement has proven successful at Hattie's Food Hub, a farm-to-table work program near the Akron Zoo.

photo of money
MARK BELOKOPYTOV / FLICKR

The Cleveland mayor’s office says about 500 city workers would see their pay rise to a minimum of $15 an hour under a proposal by Mayor Frank Jackson. Labor groups gave their reaction to the raise.

The Service Employees International Union Local 1 represents janitors at the airport and city buildings. Some number of its members would see their pay go up, the union says. Exactly how many wasn’t clear.

The State of Ohio / Ohio Public Television

Some state lawmakers have been questioning how much revenue is lost as a result of a recent tax break for small businesses. One Democratic representative says an analysis of that tax cut shows it's only helping a select few Ohioans. 

Representative David Leland says he asked the Legislative Service Commission to determine who is taking advantage of Ohio’s personal income tax exemption for small businesses. Leland says he was shocked to find the tax savings were primarily going to the top one half of one percent of high wage taxpayers.

photo of money
JO INGLES / STATEHOUSE NEWS BUREAU

New numbers from the state budget office show Senate Republicans were correct in saying they needed to close a billion dollar hole in the upcoming budget. The trend of the state having less money to spend is expected to continue.

ROLF PENDALL
FEDERAL RESERVE BANK OF CLEVELAND

The industrial heartland continues to struggle with the legacy of lost jobs and population. But whether it continues to be known as a rustbelt or for its renewal depends on whether Ohio invests in immigrants and young people. WKSU’s M.L. Schultze has more from the national Federal Reserve summit that got underway in Cleveland today.

Aultman Heath Foundation

More healthcare industry consolidation is in the offing for northeast Ohio. Wednesday Canton-based Aultman Health Foundation signed a letter of intent to buy Alliance Community Hospital.

The two Stark county institutions operated separately for 116 years. But, Case-Western Reserve University professor J.B. Silvers says the current economic and political environment in healthcare is drawing them together.

STATEHOUSE NEWS BUREAU

A new analysis from the Associated Press shows Medicaid expansion accounted for 43 percent of total Ohio Medicaid spending on substance abuse and mental health treatment. Advocates for the poor worry a proposed amendment in the state Senate budget that would end Medicaid expansion enrollment would be a disaster for Ohio’s opioid crisis. 

photo of Gov. John Kasich
JO INGLES / STATEHOUSE NEWS BUREAU

An income tax break for Ohio’s small businesses in recent years is under fire from Democrats and some Republicans. They say the current budget situation shows it’s time to end that tax cut. Gov. John Kasich is firmly rejecting those suggestions.

Allegiant Airlines Flight
Allegiant Airlnes

President Donald Trump wants to privatize air traffic control.  He says the current system run by the Federal Aviation Administration is out of date and the private sector can get things squared away faster and cheaper.  But a leading economist says, “Perhaps not 

Dan Konik

The Senate is planning to vote on its version of the budget in the next week, and the possibility of last minute changes means there are a lot of moving parts where no provision is safe. The top Senate leader has at least one measure he knows he wants to pass one way or another.

Farmers have seen the taxes on their land go up as much as 300 percent. That’s because of a variable in the Current Ag Use Valuation, or CAUV, formula.

photo of Hattie Larlham League
HATTIE LARLHAM

A local non-profit that helps care for about 18-hundred people in Ohio with developmental disabilities says it can no longer operate on its own.

Twinsburg-based Hattie Larlham Foundation plans to look for a partner with which to merge.

As part of a cost-cutting campaign, the foundation is closing its farm-to-table work program -- as well as Hattie’s Café -- in Akron, which Chief Development Officer Catherine Schwartz says will affect about two percent of the people in their program.

Ron Grayson Burns
YOUTUBE

Ohio farmers have been pushing lawmakers to change the formula that determines how much in taxes they pay on their land. But the change could hurt another industry. h

Ron Grayson Burns looks over his vast wheat field in Union County.

“This field here this is just under 10 acres in this section. So it goes all the way back to the tree line that’s behind the grain bin."

photo of money
JO INGLES / STATEHOUSE NEWS BUREAU

State senators are preparing to put out their version of Ohio's budget, in which they need to trim hundreds of millions of dollars to make sure it’s balanced. The state budget office is reporting another big loss in tax collections for the current fiscal year.

Canton near the interchange of Market  and Tuscarawas
Tim Rudell / WKSU

One part of downtown Canton is now going to hold two economic development district designations.  The first involves a bit of history, while the other is all high tech.

A state law passed in August lets cities create Downtown Redevelopment Districts where they can offer tax incentives for developing new or rehabbing existing properties.

To qualify, an area needs to have at least one historic building in need of renovation. Canton has more than one.  And it has something much newer that is making another kind of district designation possible.

photo of Ohio Department of Jobs and Family Services
KAREN KASLER / STATEHOUSE NEWS BUREAU

The jobless rate fell last month, but the state also lost jobs.

Agriculture Convention in Dayton
Tim Rudell / WKSU

Ohio’s first industry, farming, is still its biggest industry.  But with technology-driven life styles, urbanization and a global economy, will that continue for the next generation that is now looking to make its way in the world? 

Christopher Alan
Tim Rudell / WKSU

A California company has dropped its plan to buy the old Packard Electric plant in Warren.  However Autoparkit, which builds robotic parking garage systems, is still planning to set up operations in the city. 

West  Coost entrepreneur Christopher Alan grew up in Warren. When he decided the old Packard plant back home would be a good place to make his automation he tried to buy it. Last month the deal fell through.

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