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Pete Bigelow · Midwest Memo: Factory orders jump in May; film industry flounders in Michigan
July 5th, 2011
Three stories making news across the Midwest today:
1. Factory orders brighten economic hopes. Orders for manufactured goods rose 0.8 percent in May, an indicator that the U.S. manufacturing sector is growing. Driven by orders for aircraft and automobiles, the Commerce Department said Tuesday the gains came across a variety of industries. Economists viewed the data favorably, following a 0.9 percent drop in April orders.
2. Silver screen shrinks in Michigan. Four months after Gov. Rick Snyder curtailed incentives for filmmakers in Michigan, the state’s fledgling film industry is contracting. The Detroit Free Press reports the number of productions approved for tax credits decreased 43 percent from 2010. Businesses that depended on the credits are no longer hiring, and workers are looking elsewhere.
3. Pennsylvania waste becomes Ohio treasure. Records from the Department of Environmental Protection show that Pennsylvania drillers sent 14.8 million gallons of hydrofracking waste to the Buckeye State in the latter half of 2010. The Pittsburgh Tribune-Review reports that Ohio could realize nearly $1 million in revenues from the drillers.
