Local News

Thursday, October 30, 2014

Author:  Dennis LaRue YOUNGSTOWN, Ohio -- As the Nov. 21 deadline to exercise historic-tax credits approaches, Strollo Architects seems certain to secure the funding it needs to take possession of the Wells Building, 201-205 W. Federal St., renovate the four-story structure and move in next summer. The vacant structure, with a terra cotta façade built in the Classical Revival style, will turn 100 next year. It is listed in the National Registry of Historic Places. “Our target closing [with the Community Development Group of Huntington...

Thursday, October 30, 2014

Author:  George Nelson YOUNGSTOWN, Ohio -- No better sign of the resurgent commercial real estate market in downtown Youngstown is the recent news that veteran Mahoning Valley restaurant operator George Guarnieri would be taking over the top floor of the Commerce Building. Guarnieri, who operated Belleria Pizzeria on Youngstown-Poland Road until selling it earlier this year, plans to open a casual upscale restaurant in early 2015. The restaurant -- named, appropriately enough, “The Fifth Floor” -- will occupy the former upper level of...

Thursday, October 30, 2014

WASHINGTON -- The United States imported 3,892,000 net tons of steel in September, according to the American Iron and Steel Institute, which bases that figure on preliminary Census Bureau data. The figure includes 2,946,000 net tons of finished steel. The total represents an increase of 5.2% over August final data, while the finished steel figure is up 5.3%. Year-to-date, total and finished steel imports are 32,557,000 and 24,407,000 net tons, respectively, up 36% and 30%. Key finished steel products with a significant import increase in September are wire rods (up 37%), cold-rolled sheets (...

Thursday, October 30, 2014

WHEELING, W.Va. – WesBanco Inc., based here, is buying ESB Financial Corp., based in Ellwood City, Pa., in a cash and stock merger transaction valued at $324.4 million or $17.65 per share. The agreement and merger plan, unanimously approved Wednesday by the board of directors of both companies, was jointly announced Wednesday. Under the agreement and merger plan, unanimously approved Wednesday by ESB shareholders, they will receive 0.502 shares of WesBanco common stock and cash in the amount of $1.76 per share for each share of ESB common stock for a total value of...

Thursday, October 30, 2014

YOUNGSTOWN, Ohio -- The family of former U.S. Rep. James A. Traficant Jr. announced Wednesday a public memorial will be held Nov. 30 celebrating the former congressman and sheriff’s life and accomplishments. The event, A Celebration of the Life & Accomplishments of James A. Traficant Jr., will take place at 2 p.m. at the DeYor Performing Arts Centre’s Edward W. Powers Auditorium, according to a posting on Facebook. Doors will open at 12:30 p.m. the day of the event. Traficant, who died Sept. 27, served as a member of the U.S. House of Representatives from 1985...

Wednesday, October 29, 2014

Author:  Michael Moliterno AKRON, Ohio -- Every day the world’s oil reserves get smaller as the demand for energy grows. Vadxx Energy LLC, about to begin operating what it says will be the first-of-its-kind plant to run 24/7, sees that as an opportunity, not a problem. Petroleum might be a resource that can be exhausted, but plastic trash is seemingly inexhaustible. The technology Vadxx has developed converts plastic waste to synthetic oil. “We’ve tested everything from tires to auto shredder residue, to sterilized hospital waste,”...

Wednesday, October 29, 2014

CLEVELAND -- Regional economic development activities in northeastern Ohio contributed to 16 successful business attraction and expansion projects during the third quarter, Team NEO reported this morning. The 16 projects cited in the third-quarter Regional Economic Development Report included Matalco Inc.’s groundbreaking in Lordstown last month, resulting in the creation of 60 jobs for a payroll of $4 million and capital investment of $85.7 million. The report is based on activity reported by JobsOhio, Team NEO, major city chambers of commerce and economic...

Wednesday, October 29, 2014

Author:  Josh Medore BOARDMAN, Ohio -- As it celebrated its 35th anniversary, the Mahoning Valley Economic Development Corp. honored The Business Journal and its publisher, Andrea Wood. Founded in 1984, The Business Journal was recognized as “Mahoning Valley Business of the Year.” The publication, which was originally known as the Youngstown Business Journal, was created to change the narrative of Youngstown and the Mahoning Valley in the wake of the steel shutdowns that began in the mid-1970s, Wood recalled. “Our idea was to replace...

Wednesday, October 29, 2014

Author:  Dan O'Brien YOUNGSTOWN, Ohio -- New equipment recently installed in Youngstown State University's X-Ray Diffraction Laboratory places the institution "second to none" among universities in Ohio and among the best in the country when it comes to materials analysis, officials say. "The importance comes from the work we do with local companies and especially the students who are trained in using the facility," said Allen Hunter, professor of chemistry at YSU. Several local companies are using the lab to examine materials that...

Wednesday, October 29, 2014

COLUMBUS, Ohio -- William Cann, Trumbull County manager of business development for the Youngstown Warren Regional Chamber, was voted in as an Ohio Economic Development Association board member and area director for the Northeast Region for 2015. Cann, of Austintown, has been with the Regional Chamber since 2012. He earned his bachelor’s degree and master’s in business administration from Youngstown State University. He will replace Sarah Boyarko, vice president of economic development, North America, for the Regional chamber. Her term expires in December. The OEDA...

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