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COLUMBUS, Ohio (Statehouse News Bureau) — The state’s tax revenue report for July was the first one showing gains in three months. But Ohio’s chief budget officer says she expects the economic effects of the pandemic to last for far longer than the pandemic does – perhaps years. July’s income tax collections were boosted by… Read More
Job postings for entry-level positions popular with new college grads fell by 73%, compared with before COVID-19 hit. And for the class of 2020 who have landed jobs it’s often been a strange journey.
A trillion dollars worth of American farmland will change hands in the coming years. Wealthy investors are likely to buy more of it with the power to shape rural communities and the environment.
MORGANTOWN, W.Va. (OVR) — A coalition of progressive policy and environmental groups has released a “blueprint” that provides a framework for how Ohio Valley communities could reap the benefits of federal action to address climate change and the COVID-19 pandemic. The plan, titled “Reimagine Appalachia” envisions a future economy for the traditionally extraction-based economies of Kentucky,… Read More
Millions of Americans who lost jobs during the pandemic are in danger of having their incomes cut for a second time. The sudden halt in payments would be felt in households and throughout the economy.
The economy is tanking, with massive layoffs and bankruptcies. But the richest sliver of the country continues to do quite well. The latest evidence: Goldman Sachs said it’s raking in money on trades.
Governors in several Southern and Western states are delaying their timelines, citing increases in cases and hospitalizations.
A bill that would allow bars and restaurants to use parking lots, green space and even streets for social distancing for customers is now being considered by the Senate. But there’s a provision in the bill that didn’t get much attention till it was on the floor – a plan to extend the hours that bars… Read More
WASHINGTON, D.C. (NewsHour) — The number of weekly jobless claims is the lowest since the economic shutdown began in March, but it remains far above what the U.S. has experienced during other financial crises. Jerome Powell, chairman of the Federal Reserve, said earlier this week that he expects unemployment to remain elevated for years to… Read More
Because of the COVID-19 crisis, 47% of adults say their households have lost employment income and close to 40% have delayed getting medical care, according to early results of a Census Bureau survey.
As small businesses scramble for emergency assistance, big businesses get a new program of virtually endless lending from the Fed.
WASHINGTON, D.C. (WVPB) — The Appalachian Regional Commission has announced $3.75 million for banks and other lenders who have lost money during this global coronavirus pandemic. Specifically, the grants are for lenders who work with small or local businesses and nonprofits in the ARC’s 13-state coverage area. In a press release on Monday, the commission stated the… Read More
COLUMBUS, Ohio (Statehouse News Bureau) — The order from Ohio Department of Health director Amy Acton allows retail establishments to offer “curbside pickup, delivery or appointment-only” service beginning May 2. Customers must be limited to 10 at a time. Gordon Gough with the Ohio Council of Retail Merchants described what that might look like. “Order online,… Read More
The Paycheck Protection Program is designed to help small businesses from falling off a cliff during the pandemic, but some companies on firm ground have gotten millions to expand.
COLUMBUS, Ohio (Statehouse News Bureau) — Gov. Mike DeWine says the plan to restart Ohio’s economy begins on May 1, when the stay at home order expires. But one of the experts involved in the modeling that Ohio is using to create its pandemic policy says it’ll be a slow process. Michael Oglesbee is the… Read More
Congress isn’t known for passing broad legislation quickly. Its response to the 2008 economic crisis has parallels with the coronavirus — and this period could also mean political blowback for some.
COLUMBUS, Ohio (WOSU) — Ohio will begin the slow process of reopening shuttered businesses on May 1, Gov. Mike DeWine announced Thursday. “I will fight just as hard to get this economy back – I will give it everything I have – as I have fought to save the lives of Ohioans,” DeWine said at his… Read More
COLUMBUS, Ohio (Statehouse News Bureau) — The panel set up to settle disputes over what are essential businesses that can operate during the state’s stay at home order has delivered its first set of rulings. Four cases before the Dispute Resolution Commission involved pet groomers. The panel ruled that county health departments were correct in determining groomers… Read More
Many Americans affected by the coronavirus pandemic are struggling to pay their rent when they have lost income and haven’t yet been able to secure unemployment money. Missed rent, in turn, adds up to landlords who can’t pay their mortgages or property tax. And then cities and states will struggle to provide the basic services… Read More
COLUMBUS, Ohio (Statehouse News Bureau) — More than 226,000 people – over a quarter of a million Ohioans – filed for unemployment in just the last week. Nearly 700,000 Ohioans have filed in the last three weeks. And a task force of state representatives met this week and will meet again Monday to talk about when to… Read More
COLUMBUS, Ohio (Statehouse News Bureau) — Bars and restaurants in Ohio closed on March 15, and the stay at home order took effect March 23. And the state is now starting to feel the financial effects of those and other restrictions imposed to halt the spread of coronavirus. Last month’s preliminary state revenue was down 10.5%… Read More
NELSONVILLE, Ohio (WOUB) — Small businesses in Ohio’s Appalachian counties may receive help offsetting losses due to the state’s attempts to slow the spread of COVID-19. JobsOhio is infusing Appalachian Growth Capital, LLC (AGC) with $2 million to secure loans for companies in eastern and southern Ohio. According to a press release, AGC is a… Read More
A record number of Americans filed for unemployment benefits for the first time last week as the coronavirus hammered the economy. It’s nearly five times the levels seen during the Great Recession.
The numbers of Ohioans filing for unemployment benefits are rising daily – so many that the state’s unemployment website was having trouble handling them. And the state is now clarifying why it will no longer do daily releases about how many people are filing jobless claims. For the first few days of shutdowns related to… Read More
Seven U.S. states are now reporting 1,000 or more cases of COVID-19, and experts believe the number of infected people will rise further as testing becomes more available