Local News

Tuesday, February 3, 2015

Author:  Dennis LaRue YOUNGSTOWN, Ohio -- It took more than five years of economic recovery – the Great Recession officially ended in June 2009 – before small businesses and consumers here at last felt they were in one. The reasons why are many and varied. A.J. Sumell, professor of economics at Youngstown State University, notes that the economy is in its sixth year of expansion. “The difference this year,” he says, “is people are starting to feel it.” The director of economics at Huntington Bank, George Mokrzan, points to its third...

Tuesday, February 3, 2015

YOUNGSTOWN, Ohio -- In today's "3 Minutes With," A.J. Summell, associate professor of economics at Youngstown State University shares his insights on the economic recovery locally, where employment is rising and falling, and projections for where the economy is headed, including potential challenges (READ RELATED STORY).    "3 Minutes With" is a daily video feature produced by The Business Journal. To see who's interviewed every business day, CLICK HERE for our free daily headlines, emailed to your desktop as you start your day. Copyright 2015 The Business Journal, Youngstown, Ohio. CLICK...

Tuesday, February 3, 2015

PITTSBURGH -- Gas prices in Northeast Ohio jumped 15 cents over the past week, as national prices reversed the downward trend that had been the norm in recent months. AAA East Central’s Fuel Gage report put the price of a gallon of regular unleaded gasoline in Northeast Ohio at $2.045 this week, up from $1.893 during the week of Jan. 28 although down from $3.323 during the week of Feb. 4, 2014. In Youngstown, the average price for a gallon of unleaded self-serve regular is $1.987, AAA reports. In Niles, the price is $2.017. After falling for a record 123 consecutive...

Tuesday, February 3, 2015

YOUNGSTOWN, Ohio -- U.S. Sen. Sherrod Brown and U.S. Rep. Tim Ryan each hailed President Obama’s inclusion of $9.4 million in his 2016 fiscal year budget for Youngstown Air Reserve Station to upgrade its indoor firing range. “This funding will ensure that Ohio airmen are equipped with the skills and training they need to perform their critical national security missions,” Brown, D-Ohio, said. “The men and women stationed at Youngstown Air Reserve Station work selflessly each and every day to keep our nation safe,” Ryan, D-13 Ohio, said. As a member of the House...

Tuesday, February 3, 2015

YOUNGSTOWN, Ohio -- Three Mahoning Valley communities were ranked among the 10 best places to retire in Ohio by SmartAsset. Topping the list was Cortland, followed by Youngstown. Canfield placed fifth on the list. The main factors the list considered are taxes (income and sales combined); number of doctors’ offices;  and opportunity for recreation and a social life. Cortland, with seniors representing 20.9% of its population, received a score of 90.2 on the Best Places to Retire Index. It earned its ranking at the top of the list with a tax rate of 10.8%, 4.2 doctors...

Monday, February 2, 2015

Author:  Dan O'Brien WARREN, Ohio -- B.J. Alan Co. has positioned itself for explosive growth, three years after the consumer fireworks company purchased a portion of the former Delphi Packard Electrical Corp. complex on Larchmont Avenue. "Welcome to the largest fireworks warehouse in the United States," says William Weimer, vice president of B.J. Alan, as he greets visitors. The company uses about 750,000 square feet between two interconnected warehouses to store hundreds of thousands of cases of fireworks cases each year. Although...

Monday, February 2, 2015

Author:  George Nelson YOUNGSTOWN, Ohio -- Youngstown CityScape will move to new offices over the next few weeks, but not before the organization grows with the addition to its staff of downtown activist Phil Kidd. The founder of the Defend Youngstown and Youngstown Nation campaigns, Kidd begins his new position today as associate director of CityScape. The CityScape position is “a very good fit for my experiences,” Kidd says. In addition to his roles with the Defend Youngstown and Youngstown Nation campaigns, he also owns the...

Monday, February 2, 2015

YOUNGSTOWN, Ohio -- The Business Journal kicks off a two-week, social media-based contest today in conjunction with the planned launch Feb. 16 of our redesigned, digitally re-mastered website. To enter a chance to win three, quarter-page color ads in The Business Journal print edition, participants must “like” or “comment” on the contest post through The Business Journal’s Facebook page (CLICK HERE), starting today. Four winners will be chosen. Features of the redesigned website will include optimized video functionality across all platforms, a modernized homepage...

Monday, February 2, 2015

TROY, Mich. -- Talmer Bancorp Inc., holding company of Talmer Bank and Trust, reports fourth-quarter net income of $12.5 million, or 16 cents per diluted share, and full-year net income of $90.85 million, or $1.30 a share. These figures compare to third-quarter net income of $19.52 million, or 26 cents per share, fourth-quarter 2013 income of $12.55 million, or 18 cents a share, and full-year 2013 income of $98.56 million, or $1.41 per diluted share. Talmer attributed the decline in net income for the quarter ended Dec. 31 from the preceding quarter to “a third-...

Monday, February 2, 2015

WARREN, Ohio -- The Trumbull Neighborhood Partnership spent 2014 “returning derelict vacant properties to productive use,” helping residents become homeowners, restoring houses, encouraging urban farms and more healthful diets, its executive director, Matt Martin says. In its 12-page annual report, released Friday, the partnership recapped its community outreach efforts, urban farm activities, and work with the Trumbull County Land Bank as it razed dilapidated vacant houses, improved and restored other houses, and helped Warren residents become homeowners. Staff and...

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