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Midwest Memo: Groupon’s Growth, Toledo’s (Unfinished) Transformation And The Big Easy Takes One Away

Groupon grows Chicago-based Groupon has acquired a new York company that specializes in gathering data about local consumers. The Chicago Tribune says it could be the “deal of the year.”

Long way to go in Toledo The Toledo area has seen 7,200 new jobs in manufacturing since June of 2009. That’s the second best improvement in the country (Lansing, Mich. is number one). But the Toledo Blade says there are still 36 percent fewer manufacturing jobs than there were in 1998.

Background check The Blade also has a Special Report out this morning. The newspaper hired investigators in China to look into two Chinese investors who’ve invested millions in Toledo. The paper finds that the two investors amassed their fortunes thanks to connections to the ruling Communist Party in China, and after years of service as government bureaucrats. (Our own Dan Bobkoff reported on Toledo’s China connection last summer).

Losing to the Big Easy Indianapolis was in the running for a GE corporate office with 300 high-paying jobs. But the company picked New Orleans instead.

Next in line The New York Times profiles the heir apparent to the CEO office at Ford.

Unpaid fees Detroit decides it’s time to collect.

Media moratorium The Chicago News Cooperative, a non-profit news agency that had been providing content to The New York Times, will suspend its operations on February 26th.

Midwest Memo: A Lot For A Little In Wisconsin And The Food Industry Takes Off In Ohio.

Worth it? The state of Wisconsin spent nearly $50 million to support investment companies that were supposed to help create new businesses. In the end, only 202 jobs were created, at a cost to taxpayers of $247,000 per job, according to an investigation by the Milwaukee Journal Sentinel.

Job openings for veterans GE says it will hire 5,000 U.S. military veterans, and open new factories. One new factory will be in Dayton, Ohio.

A big economic bite “Folksy” northeast Ohio food manufacturing companies have grown into a $2.6 billion industry with 18,000 workers, according to the Cleveland Plain Dealer.

Tough decisions Leaders in the city of Detroit are still trying to come up with ways to avoid financial insolvency. The Detroit News says some of the city’s most treasured assets may have to be sold. And leaders at the Detroit Institute of Arts also have to consider what was once unthinkable: selling valuable items in the Institute’s collection.

A taxing problem Michigan Governor Rick Snyder is hoping to do away with a costly and confusing property tax for corporations. But the Detroit Free Press reports no one is quite sure how to replace the revenue it creates.

More healthcare jobs The Columbus Dispatch reports that new hospitals at Ohio State University are expected to create 8,400 permanent jobs.

Eau Claire’s own Wisconsin native Justin Vernon had a pretty good night at the Grammys.