Local News

Wednesday, May 21, 2014

Author:  Dennis LaRue YOUNGSTOWN, Ohio -- Students Motivated by the Arts -- Smarts -- is back and plans to resume serving children in the Mahoning Valley from kindergarten to 12th grade this fall. At a press event Tuesday afternoon at the Jewish Community Center, architect Ron Faniro acted as emcee in presenting an organization whose governance is undergoing a restructuring but whose mission remains unchanged. “Smarts is the only stand-alone community arts school in our region where classes in the visual arts, music, dance, theater...

Wednesday, May 21, 2014

YOUNGSTOWN, Ohio -- Led by the manufacturing sector, the economy of northeastern Ohio continues to grow and this year’s grow will be stronger than last year’s, the economics department of PNC Financial Services Group says. In a report released Tuesday (CLICK HERE), PNC economists note that growth “has been persistent and moderate with little variation over the previous several quarters.” Besides manufacturing, the demand for health-care services, because of an aging population, has been “a consistent growth driver.” All four metropolitan areas -- Cleveland, Akron,...

Wednesday, May 21, 2014

Author:  George Nelson YOUNGSTOWN, Ohio -- Ken Greco Co. plans to sell the building where its GLG Industries subsidiary is housed to International Steel & Counterweights, which rents space in the 140 N. West Ave. building. City Council is scheduled to vote tonight to sell pieces of land it owns near the building to allow the sale of the property to move forward. Ken Greco Co. buys, processes and sells scrap steel to industrial customers across the region. Its GLG Industries Inc. unit processes excess steel or metal that once spilled from a ladle or furnace...

Wednesday, May 21, 2014

DENVER -- For the second consecutive month, sales of houses in April were higher than sales in the previous month, Re/Max, a national real estate chain says. While April sales were 10.9% higher than March, they were 7.8% below those in April 2013. Only two of the 52 metro areas in the April Re/Max National Housing Report had lower sales than the previous month. Year-over-year house prices continued to push higher in April, with a 5.8% increase, which is lower than the 10.7% increase seen in April 2013. While both credit availability and inventory remain tight, April...

Tuesday, May 20, 2014

YOUNGSTOWN, Ohio -- Hynes Industries is considering a $6.5 million expansion and consolidation of its manufacturing and distribution facilities here, a project that today received a $108,000 boost from the Ohio Tax Credit Authority. The seven-year, 40% job creation tax credit was awarded as Hynes considers an expansion and consolidation of its manufacturing and distribution facilities, potentially creating 42 jobs over three years as well as retaining 140 existing personnel. Hynes’ Ohio plant is operating at maximum capacity and needs to relocate, according to state...

Tuesday, May 20, 2014

YOUNGSTOWN, Ohio -- County and city unemployment rates posted declined in April, down by at least a percentage point from the month before. The Mahoning Valley’s two largest cities saw their unemployment rates drop by 2 or more percentage points from a year earlier and the three counties saw declines of nearly 2 points over the same period, reports the U.S. Labor Department. Youngstown’s unemployment rate in April was 7.3 percent, down from 8.3% in March and from 9.7% in April 2013. Warren’s 6.6% rate was down from 7.6% in March and from 8.6% in April 2013. Mahoning...

Tuesday, May 20, 2014

HARRISBURG, Pa. -- Revenues from the play of table games at Pennsylvania casinos during April was up 1% over revenues generated last year, the state Gaming Control Board reported Monday. Gross revenues generated by 12 casinos was $62,184,790, or $632,456 higher than in April 2013. With an average of 1,106 tables in operation statewide every day, tax revenues last month were $8,944,373, according to the gaming board. Coupled with figures on slot machine revenues released earlier this month, overall gross revenues from both were $259,945,767, just below the $266,707,...

Tuesday, May 20, 2014

Author:  Dan O'Brien LISBON, Ohio -- Columbiana County is poised to enjoy more growth, that growth spurred by new retail business, infrastructure improvements, commercial projects and a steady increase in oil and gas activity. That's the consensus among 75 economic development, business and political leaders who attended a meeting Monday hosted by six chambers of commerce at the Columbiana County Government Services building. "The county is perhaps in the best shape it's ever been in," declared county Commissioner Mike Halleck. "We're...

Tuesday, May 20, 2014

Author:  Dennis LaRue EAST LIVERPOOL, Ohio -- If all goes as planned, cells C or G on the Ohio River in Wellsville Intermodal Facility will have at least a conveyor system in place by the end of construction season and could well have an excavator crane as well. The board of the Columbiana County Port Authority agreed to contract with the Canfield office of Globex Corp., an engineering and consulting firm, to draw up the bidding specifications for the conveyor system and crane by July. The contract would be awarded in August and the...

Tuesday, May 20, 2014

YOUNGSTOWN, Ohio -- United Community Financial Corp., holding company of The Home Savings and Loan Co., announced Monday that its board of directors has reinstated its share repurchase program. The board authorized the repurchase of a maximum of 1,477,804 common shares. The original authorization in April 2007 approved the repurchase of up to two million shares. UCFC has 50.59 million shares outstanding. In a prepared statement, Gary M. Small, president and CEO of UCFC and Home Savings, said, “As we implement our capital management strategies in an effort to maximize...

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