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Company News
DRS Nominated for Ohio Chamber Entrepreneurship Award
Friday, March 16, 2012YOUNGSTOWN, Ohio -- DRS LLC has been nominated for the Ohio Chamber Excellence in Entrepreneurship Award. The company was nominated by the Westerville Area Chamber of Commerce.
Parker Hannifin Ravenna Gets Third Frontier Funding
Friday, March 16, 2012COLUMBUS, Ohio -- The Ohio Third Frontier Commission has recommended a funding commitment totaling $2.33 million for Parker Hannifin Corp.'s Parflex Division in Ravenna. The award is through the Ohio Third Frontier Industrial Research and Development Center Program.
February's New Vehicle Sales Down 19% in Valley
Thursday, March 15, 2012YOUNGSTOWN, Ohio – Automobile dealers in Mahoning, Columbiana and Trumbull counties report sales of new cars and trucks dropped last month by 19% compared to February of 2011.
According to the Automobile Dealers Association of Eastern Ohio's monthly report, dealers in the three counties sold 1,522 new vehicles in February 2012, compared to 1,880 a year earlier.
Combined sales of new and used vehicles were up slightly – 1.2% -- as dealers sold 5,649 units compared to 5,579 during the same period last year.
Legal Arts Building Sold for $175,000
Wednesday, March 14, 2012YOUNGSTOWN, Ohio -- Legal Arts Properties LLC, one of whose members is Dominic Marchionda, has acquired the long-vacant Legal Arts Building, 101 Market St., across from the county courthouse, for $175,000.
The title transferred Tuesday in the recorder’s office of the Mahoning County Courthouse.
Marchionda, also president of DJD&C Development Inc., and U.S. Campus Suites LLC, has built the Flats at Wick, dormitories with beds for 113 students at Youngstown State University, and owns the Erie Terminal Building downtown that he is converting to housing.
Wolves Den Expects ‘Good Things’ from New Girard Site
Tuesday, March 13, 2012GIRARD, Ohio – Count Richard Racick among business owners here who expect good things from the $650 million V&M Star mill when it begins operations later this year – not just for this city, but for the Mahoning Valley -- and his plan is to get in on the ground floor.
“That is a huge thing for the area,” he said. “A lot of good things are going to happen here.”