Columbus Dispatch: Ohio’s jobless rate falls to 4.4%, lowest since 2001

Ohio’s jobless rate dropped to an 18-year low last month even as the closing of General Motors’ plant in northeastern Ohio took a toll on the state’s manufacturing sector.

The unemployment rate dipped to 4.4% in March, the lowest since August 2001, according to Ohio Department of Job and Family Services figures released Friday. The rate was 4.6% in February.

The state’s unemployment rate has been below 5% since September 2017 and has hovered around 4.6% for much of the past year. Initial reports actually had shown that the rate in April 2018 was even lower, 4.3%, but that figure was later revised to 4.6%.

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rob nichols
JobsOhio names new board chairman

JobsOhio, the state’s private economic development corporation, has a new board leader.

Robert Smith, partner and Cleveland market leader for Cerity Partners LLC, has been named chairman of the organization's board. Cerity Partners is a financial services firm.

“I am excited to welcome Robert C. Smith as the new Chairman of the JobsOhio Board of Directors," said J.P. Nauseef, president and chief investment officer for JobsOhio."

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rob nichols
Pat Tiberi's Columbus Dispatch Guest Column: Ohio CEOs see opportunity in changing workplace

Shortly after I was named president and CEO of the Ohio Business Roundtable, I asked our CEO members to list their most pressing concerns with Ohio’s economy. While economic development and taxes remain high priorities for Ohio’s business leaders, workforce development is now firmly entrenched as a top-of-mind concern.

Simply put, Ohio’s employers cannot find the workers with the necessary skill sets to fill the jobs of today, and our education system — K-12 and post-secondary — appears to be ill-prepared to equip students with the skills they’ll need for the jobs of tomorrow.

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rob nichols
Columbus CEO: Gene therapy, inventions at Nationwide Children’s Hospital spurring spinoffs

For most central Ohioans, Nationwide Children’s Hospital is where they take their kids when accidents happen or disease strikes. Few realize that within its growing footprint, researchers are finding ways to combat illness and are sharing those finds with the world through Matt McFarland’s office.

McFarland heads up the hospital’s Office of Technology Commercialization, created in 2008 to help transfer researchers’ innovations to startup or existing companies for commercialization.

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rob nichols
Ohio Business Roundtable Supports Gas Tax Increase

On behalf of the Ohio Business Roundtable Executive Committee, President and CEO Pat Tiberi released the following statement today in connection with H.B. 62, the biennial transportation budget, now under consideration in the Ohio Senate:

  “The Ohio Business Roundtable supports an increase in the gasoline tax for the purpose of maintaining and improving roads, highways and bridges in Ohio. Clearly the existing tax, last raised in 2005, is insufficient to keep up with inflation in the cost of repairs and construction.  In addition, in order to provide parity, we believe it is important that gasoline and diesel fuel are taxed the same, and alternative vehicles contribute their fair share.

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Kristen Frissora
Site Selection Magazine: Marathon Runs the Race to Win in Findlay, Ohio; Its CEO Explains Why

Gary R. Heminger is Chairman and CEO of Marathon Petroleum, headquartered in Findlay, Ohio. Heminger now leads the country’s biggest refiner by volume, as a result of Marathon’s acquisition last year of its former rival, Andeavor. The Findlay native, who rose steadily through Marathon’s ranks after joining in 1975, spoke in late February with Site Selection Senior Editor Gary Daughters about his hometown and his Fortune 25 company. The version below has lightly edited for clarity.

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rob nichols
Dayton Business Journal: Local leaders celebrate Dayton's new statehouse ties

Local government officials and business leaders are celebrating the new Dayton-to-Columbus connection.

Both Ohio Gov. Mike DeWine and Lt. Gov. Jon Husted have Dayton ties, as does J.P. Nauseef, the new leader of JobsOhio. Plus, Joe Zeis has been selected to serve as senior advisor for aerospace and defense, a new cabinet position DeWine created to focus on the state's military and aerospace installations. In addition, Dayton native Ronald Todd II is the cabinet's new minority affairs liaison.

At the very least, the Dayton region will be top of mind for many of these new leaders.

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rob nichols
PRESS RELEASE: Governor DeWine, JobsOhio Name J.P. Nauseef Next President of JobsOhio

(COLUMBUS, Ohio)—Governor Mike DeWine today joined the Board of Directors of JobsOhio in announcing that J.P. Nauseef has been selected as the next president and chief investment officer of JobsOhio. 

The JobsOhio board has completed its search process for the organization’s next president and chief investment officer.  Last year, the board engaged executive search firm Heidrick & Struggles to assist with the process.

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rob nichols
The Lima News: DeWine tours JSMC

Gov. Mike DeWine made his first official visit as governor to Joint Systems Manufacturing Center on Wednesday, during which he announced the appointment of retired U.S. Air Force Col. Joseph Zeis Jr. as senior advisor for aerospace and defense, a new position.

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rob nichols
WSJ Op-Ed: Tax Reform is Covering Its Costs

Is the 2017 tax reform paying for itself? It’s a complicated question, but the critics have made up their minds. Outlets like the Tax Policy Center claim the Tax Cuts and Jobs Act has diminished federal revenue rather than increase it as some supporters predicted. Other skeptics lament surging government deficits and debt. Some point to last year’s brief economic spurt as evidence of the law’s failure to drive long-term growth. Even if one accepts these arguments, none of them offers a conclusion about whether the tax cut was worth its cost.

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rob nichols
Ohio Business Roundtable Holds Its Annual Meeting

On November 27, CEOs from across Ohio met in Columbus at the Center of Science and Industry (COSI) for the Roundtable's annual meeting. Upon the conclusion of official business, members were treated to workforce best practice presentations from Owens Corning CEO Mike Thaman and UC President Neville Pinto.

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rob nichols