Local News

Tuesday, February 3, 2015

YOUNGSTOWN, Ohio -- The company that operated the Metroplex Hotel and Conference Center in Liberty Township is seeking $12.5 million from township and Girard city officials in a civil rights lawsuit filed in U.S. District Court. In the lawsuit, Aswin Ganapathy Hospitality Associates Inc. of Hubbard and Indira Periysamy of Lancaster, Pa., Aswin’s managing member, charge that the defendants “imputed an Indian racial and ethnic identity” to their company and “acting individually and in concert with one another, engaged in a series of actions which were designed to...

Tuesday, February 3, 2015

Author:  Josh Medore YOUNGSTOWN, Ohio -- Auto sales increased in January for all three domestic automakers, with General Motors Co. reporting the biggest increase, up 18%. Sales of GM’s Chevrolet Cruze, built in Lordstown, were up 11.1% in January from a year earlier with 18,693 units sold across the country. The car was Chevy's third-best selling vehicle behind the Silverado – 36,106 units sold, a nearly 25% increase – and the Equinox – 19,555  sold, a 34.4% increase. As a brand, Chevrolet sold 142,882 cars, trucks and SUVs in...

Tuesday, February 3, 2015

CORTLAND, Ohio -- Cortland Bancorp, holding company of Cortland Banks, Monday reported fourth-quarter net income of $543,000, or 12 cents a share, and full-year 2014 net income of $3.87 million, or 85 cents per share. This compares with third-quarter net income of $955,000, or 21 cents a share, and a fourth-quarter 2013 net loss of $463,000, or 11 cents a share. Full-year 2013 income was $1.78 million. The company attributed the year-ago quarterly loss to a one-time impairment pre-tax charge of $2 million ($1.3 million after taxes) as required by the “Volcker Rule.”...

Tuesday, February 3, 2015

Author:  George Nelson YOUNGSTOWN, Ohio -- Gil Goldberg wants small businesses to understand that they have options in how they provide health-care coverage. That was the key message the director for the Cleveland District of the U.S. Small Business Administration wanted to impart during Monday’s seminar on the Affordable Care Act. Some 25 individuals -- who included small-business owners, insurance brokers and accountants -- attended the seminar, hosted by the office of U.S. Sen. Sherrod Brown, D-Ohio, at Youngstown State University...

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...

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