Hi @formatc,
There is some technical reason that blur doesn’t work on text (which escapes me at the moment). However, I believe you can get a “glow” effect by duplicating the text object, adding the underlying one to a snapshot, and applying the blur effect to the snapshot.
Note, however, that this still may not be the effect you really want. Why? Because if you consider the “glow” effect in applications like Photoshop, it applies the blur/glow in an outwardly direction, i.e. extending outward from the object’s outlines. If you mimic what I suggest in Photoshop (making two identical text objects and blurring the underneath one), you’ll see that it blurs evenly in both an inward and outward direction, just as Corona would do. Thus, the “glow” effect probably wouldn’t be defined enough.
You may be able to apply an “add” blend to the blurred object and, depending on what’s underneath, it may punch upward in intensity as a result. I think you’ll just need to experiment. 
Best regards,
Brent