by German Lopez
More JobsOhio controversy, Council undoing cuts, stadium improvements to cost millions
Six of nine JobsOhio board members have direct financial
ties to companies that have received tax credits and other help from the
agency and state government, an investigation from Dayton Daily News
discovered. The members are connected in various ways: Some are
employed by the companies, others sit on their boards and a few just own
stocks. The conflicts of interest that could undermine
JobsOhio’s goals. The privatized development agency was established by
Gov. John Kasich and Republican legislators to replace the
Ohio Department of Development. Republicans claim JobsOhio’s privatized
nature allows it to move at “the speed of business” when luring
companies to the state. But Democrats argue that the agency is
unaccountable and draining state funds without any clear indication of
where the money is going.
Meanwhile, JobsOhio gave financial aid
to a company that simply shifted jobs from one city to another. The
agency gave Timbertech a 50-percent credit to create 85 jobs in
Wilmington, Ohio. The company is abiding, but it’s simultaneously
closing down a Columbus factory at the loss of 58 jobs.
Cincinnati will end up not laying off any city employees after City Council undoes $4 million in budget cuts
with leftover revenue from the previous budget year. The restorations
will reverse some or all of this year’s cuts to human services, parks,
the Health Department and other city programs. Council members called
the higher-than-projected revenue evidence that Cincinnati’s economic
strategy is working. But the reversals also raise questions about the
city administration’s original claims: When the 2014 budget was first
being considered, Mayor Mark Mallory and his administration said the
city would have to lay off 344 workers, including many cops and
firefighters, to balance the budget without the parking lease.
But without any of the parking money allocated, the city managed to avert all layoffs and undo a bulk of cuts, largely by using better-than-expected revenues from the past budget
Fixing up the Great American Ball Park for the All-Star Game could cost county taxpayers $5 million.
The All-Star costs are just one part of the $27 million taxpayers will
pay to improve stadiums in Hamilton County over the next five years.
Stadiums are often touted by local officials as a way to boost the
economy, but economists and urban planners have found that publicly
funded sports arenas don’t lead to sizable economic growth.
Ohio’s job growth is so slow that it will take nearly five years to recover all the jobs lost during the Great Recession.
Councilman P.G. Sittenfeld is leading fundraising for this year’s Council campaigns.
The Cincinnati USA Chamber of Commerce is hosting two mayoral debates.
This year’s candidates are Vice Mayor Roxanne Qualls, ex-Councilman
John Cranley, Jim Berns and Sandra “Queen” Noble. Qualls and Cranley are
considered the two frontrunners.
The Cincinnati Art Museum is calling on community contributions to finish the second half of its renovations. The museum has raised $2.7 million out of the $6 million it needs.
Red Squirrel, a local restaurant chain, is closing down three of five eateries.
Internet-based psychotherapy apparently works.
0 Comments · Wednesday, January 30, 2013
Until July of 2015, you’re going to hear a
lot about Major League Baseball’s All-Star Game. And for good reason —
the game could bring anywhere from $75-$100 million into the city.