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Economic Development
Distressed Sales Depress Home Prices
Monday, February 06, 2012
SANTA ANA, Calif. -- Home prices in the Youngstown-Warren-Boardman, Ohio metropolitan area, including distressed sales, declined 5.5% in December from a year earlier, and were down 6.0% the month before from November 2012, CoreLogic reported in its December home price index .
Penn National Wants Thoroughbreds Here
Friday, February 03, 2012YOUNGSTOWN, Ohio -- A $200 million thoroughbred racetrack -- not a harness track -- would be built in Austintown if the state approves video lottery terminals at racetracks, Penn National Gaming Inc. revealed this week in financial documents filed with the Securities and Exchange Commission.
Pa. Reduces Its Workers' Comp Costs
Friday, February 03, 2012HARRISBURG, Pa. -- The Pennsylvania Insurance Department has approved a 5.7% decrease in overall workers' compensation costs. The cut will result in $160 million in savings for Pennsylvania employers, officials said.
Study Finds Ohio Is Tax Friendly
Wednesday, April 27, 2011COLUMBUS, Ohio -- Ohio ranks third in the nation for friendliest tax environment, a new Ernst & Young report has found. Coming in ahead of Ohio are Maine and Oregon.
Ohio has an effective tax rate on new investment of 4.4%, compared with 3% for Maine and 3.8% for Oregon. Rounding out the top five states are Wisconsin (4.5%) and Illinois (4.6%). The highest rates on new investment are found in New Mexico (16.6%), the District of Columbia (16.6%), Rhode Island (11.5%), Kansas (11.2%) and Louisiana (11.1%).