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December 27th, 2013 By German Lopez | News | Posted In: News, Economy, Streetcar

Morning News and Stuff

Streetcar construction restarts, minimum wage hike incoming, jobless benefits to expire

news1_streetcar_jf2Photo: Jesse Fox

Construction on the $132.8 million streetcar project restarted yesterday, marking an end to the nearly two-month drama brought on by Mayor John Cranley’s election and his threats of cancellation. City Council paused the project for a little more than three weeks to conduct an audit on its costs, but the legislative body agreed to restart construction last week after receiving a signed agreement from the Haile Foundation that the philanthropic group will provide $9 million over 10 years to help pay for $3.13-$3.54 million in annual operating costs.

An automatic increase on Ohio’s minimum wage at the start of the new year will benefit 330,000 Ohioans, according to an analysis from the Economic Policy Institute (EPI). The higher wages should translate to a better economy for all Ohioans: EPI found the automatic increase will generate nearly $39 million in economic impact and 300 full-time jobs. Since a voter-approved measure in 2006, Ohio has been among several states who peg the minimum wage to increases in the cost of living.

More than 36,000 Ohioans will lose emergency unemployment benefits for the long-term unemployed tomorrow following a lack of congressional action, according to left-leaning think tank Policy Matters Ohio. The emergency benefits were passed by Congress at the start of the Great Recession to help those hit worse by the economic downturn, but Congress failed to extend the benefits before it recessed for the holidays despite lingering signs of a weakened economy. Without the extension, Ohioans can tap into just 26 weeks of state-provided jobless aid; federally funded emergency benefits give the unemployed another 37 weeks to find work before losing government assistance.

Here are CityBeat’s top stories of 2013.

The annual review of the two-year state budget could include income tax cuts, said Ohio’s tax chief.

The statement follows Gov. John Kasich’s announced push for another income tax cut to help spur Ohio’s slowing economy. The Republican governor signed a state budget that reduced taxes — particularly for the wealthy — earlier in the year, but Ohio’s economy still slowed down in the past few months as the state unemployment rate surpassed the national rate for the first time in years.

With the Ohio Supreme Court’s rejection last week of a challenge to the state’s federally funded Medicaid expansion, conservatives are conceding the battle is “over with” for now. Gov. Kasich pursued the federally funded expansion without approval from the General Assembly by going through the seven-member Controlling Board, but Republicans, who largely opposed the expansion of a government-run health care program from the start, fought against the board’s approval in court.

Gov. Kasich was “stingy” with his clemency powers during his third year in office, according to The Columbus Dispatch.

Even though a review found Cintrifuse is a “Lead Applicant with strong position within SW Ohio entrepreneurial ecosystem,” Ohio Third Frontier denied state tax credits for the local startup incubator because, according to the state review group, Cintrifuse maintains an unrealistic goal to scale to 60 tenants in its first year and lacks strategy or process for the incubator services, graduation focus, an adequate staffing plan and a defined tenant award process.

Delta briefly provided very low air fares following a technical error yesterday.

Much to scientists’ frustration, 2014 could be a bad year for the flu after the adaptive virus evolves.

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