Company News

VEC Exec Suggests 7 Ways to Engage Your Workforce

By Gina Pastella GIRARD, Ohio – We’ve become a disciplined, process-driven organization at VEC Inc. as we’ve transitioned from a small company to a more corporate environment with a national reach. With that, we’ve placed an emphasis on recruiting and retaining the right talent for our organization. We’ve found over time that our employees are […]

Follow the Cruze Along Lordstown’s Assembly Line

LORDSTOWN, Ohio – To the thousands of drivers that pass by on the Ohio Turnpike every day, there aren’t many signs of the work being done inside the General Motors Lordstown Assembly plant. There are no stacks puffing out steam, no massive pieces of equipment moving around and certainly no hints of the miles of […]

Shenango Chamber Honors 7 with Phoenix Awards

SHARON, Pa. — The Shenango Valley Chamber of Commerce honored four businesses and three nonprofits with Phoenix Awards Thursday for extraordinary achievement in 2015. Blissed Out Design was recognized for entrepreneurship; Buhl Park Corp., a nonprofit, for innovation; Sharon Fence Co. for its growth as a small manufacturer; Flynn’s Tire & Auto Service for growth […]

Halcon Reaches Agreement for Chapter 11 Filing

YOUNGSTOWN, Ohio – Halcon Resources Corp., once an aggressive prospector for oil and gas in the northern tier of the Utica shale, announced Wednesday it’s reached an agreement in principle to restructure its business affairs through a pre-packaged Chapter 11 bankruptcy filing. The Houston-based company has drilled wells in Trumbull and Mahoning counties in Ohio, […]

Commercial Metal Forming’s Parent Files Chapter 11

YOUNGSTOWN, Ohio – Operations will continue “uninterrupted” at Commercial Metal Forming Co’s plant here following Monday’s Chapter 11 bankruptcy filing by its New Jersey-based parent company, Constellation Enterprises LLC. The CMF plant, 1775 Logan Ave., makes tank heads and custom stampings. Employment is expected to remain at present levels while the reorganization transitions ownership to […]

Cogistix Launches Sprocket Solutions to Fill Niche

BOARDMAN, Ohio — An affiliate of Cogistix LLC stands to bring cloud-based business software to small and medium-size companies that otherwise would find it hard to afford this technology. “We launched Sprocket Solutions about six months ago,” says Kevin Miller, president and CEO of Cogistix and Sprocket Solutions. “The new business addresses a market that […]

Mercy Health Breaks Ground on $14.5M Howland Center

HOWLAND TOWNSHIP, Ohio – Mercy Health-Youngstown’s $14.5 million Howland Medical Center is part of a strategy to reach farther into the communities of Mercy’s core hospitals, the president and CEO of the health system said Tuesday. Mercy Health-Youngstown has several ambulatory projects in the works, “not all of which are finalized as to site … […]

AFL-CIO Posts Top CEO Pay for Public Companies

YOUNGSTOWN, Ohio – The AFL-CIO says the average pay for a CEO in an S&P 500 company was $12.4 million in 2015 — 335 times more than the average rank-and-file worker was paid. The union posted multiple lists of its findings Tuesday on its newly updated Executive PayWatch website, a searchable database that tracks CEO […]

9,306 Entities File to Do Business in Ohio in April

COLUMBUS – Ohio Secretary of State Jon Husted reports 9,306 new entities filed to do business in Ohio in April 2016. That represents an increase over April 2015, when 8,893 entities were formed, according to Husted’s office. March 2016 set a new record for the number of businesses filing start-up documents in a single month. […]

Hoteliers Confront Greater Supply, Less Demand

YOUNGSTOWN, Ohio – Mike Moliterno, general manager of the Holiday Inn-Boardman, is frank about the local hotel industry. “We’re holding our own,” he says, as he notes that anyone in the business who says it isn’t “a little bit challenging” is holding back. “We try to be very active sales-wise and we’ve done a good […]

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