State’s foreclosure crisis ‘worsened substantially in 2006,’ report’s author says.By Ken McCall and William Hershey Western Star Foreclosure filings jumped by almost a quarter in Ohio last year, the largest increase in recent history, a new report has found. The number of filings in 2006
Gongwer News Service Home foreclosure filings in Ohio continued to rise in 2006 with nearly 80,000 new filings, a 23.6% increase over the previous year, according to a Policy Matters Ohio report released Monday. Last year’s foreclosure spike is the largest absolute gain in the state’s recent history and follows
Chicago Tribune By Tim Jones CLEVELAND — This is the city where John D. Rockefeller made his fortune, where fullback Jim Brown bowled over hapless defenders and where the Rock and Roll Hall of Fame bestows cultural immortality on fabled musicians. Today Cleveland, with a rapidly growing stable of vacant
An expanding industry merits expanded state attention The Akron Beacon Journal The payday lending industry has expanded rapidly the past decade, doubling in size since 2000. Ohio mirrors the story. In 1996, there were 107 payday businesses in the state. Today, the number exceeds 1,500. In Summit County, the number
The Toledo Blade By Robert Vitale ONE harbinger of so-called payday loans is a languid economy in which poorer consumers consistently find themselves with too much month left at the end of the money. How ironic, then, that here in Ohio one segment of the economy not still in a
Some firms investing, but early results mixedBy Mark Niquette Columbus Dispatch Gary W. James doesn’t hedge when asked whether the sweeping tax cuts and other changes the state made to its tax code in 2005 are working. Without them, nearly $4 million in equipment and more than 50 new workers
The Toledo Blade By Gary T. Pakulski A new report says so-called “payday loan” offices are more common than fast-food restaurants in Ohio. In Lucas County alone, their numbers have shot up nearly tenfold to 67 over the past decade, catapulting the county to fifth behind Franklin, Cuyahoga, Hamilton, and
The Columbus Dispatch By Paul Wilson Fallout from struggles by domestic automakers will cost Columbus 52 manufacturing jobs. Keystone Powdered Metal Co. said yesterday that it will close its plant at 2100 Advance Ave. this year. Demand for the company?s products declined as U.S. automakers, Keystone?s primary customers, lost market
WKSU By Bill Cohen The number of payday lending stores in Ohio has exploded in the past decade. A new study confirms the trend. Critics say there’s good reason for the stores’ success – they’re making a mint off of desperate consumers by charging sky-high interest rates. But the payday
Columbus Dispatch By Mark Niquette The state needs to scrutinize the billions of dollars in tax breaks it allows and scrap those that aren’t needed or can no longer be justified, a study concluded last week. Ohio provides tax credits and other deductions to encourage economic development or for other
Cincinnati Enquirer By Andrew Welsh-Huggins COLUMBUS
Exempt from ScrutinyThe Akron Beacon Journal Zach Schiller of Policy Matters Ohio has performed a favor for Ohioans. He has taken a hard look at the tax exemptions, credits and deductions that lawmakers have carved into the state tax code. The title of the report tells the story: “Exempt From
