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Economic Development
CCPA Uses Farmers Bank to Refinance Its Debt
Friday, February 06, 2015
EAST LIVERPOOL, Ohio – The Columbiana County Port Authority Thursday contracted with Farmers National Bank of Canfield to borrow up to $3.07 million to refinance debt owed the state of Ohio and to act as its depository bank.
In a special meeting yesterday morning, the board also entered into a memorandum of understanding to establish a RiverNet Wireless Network that would provide “reliable Internet service to Columbiana County businesses in urban centers,” said CEO Tracy Drake, “and connectivity to county residents“ who lack such a level of access to the Internet.
Bankers Address Economic Issues at Chamber Event
Thursday, February 05, 2015
BOARDMAN, Ohio -- Consumers clearly are benefiting from low energy prices but those same low prices can have a negative effect on regional economies and communities tied to oil and gas production as is being experienced in the Mahoning Valley, a financial adviser with First National Bank of Pennsylvania says.
Economists: Consumers Confident, Business Set to Spend
Tuesday, February 03, 2015
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.”
CityScape Hires Activist Kidd as Associate Director
Monday, February 02, 2015
YOUNGSTOWN, Ohio -- Youngstown CityScape will move to new offices over the next few weeks, but not before the organization grows with the addition to its staff of downtown activist Phil Kidd. The founder of the Defend Youngstown and Youngstown Nation campaigns, Kidd begins his new position today as associate director of CityScape.
$5.9M Renovation of Gallagher Building Set for Spring
Friday, January 30, 2015
YOUNGSTOWN, Ohio -- Dominic L. Gatta III, president of the Gatta Co., says the $5.9 million renovation of the Gallagher Building downtown will begin “in the next couple of months” and include 18 apartments on the upper floors. A restaurant-brewery will occupy the first floor.
“In a perfect world, we'd be done by the end of the year, but that's an aggressive plan,” he said Thursday. “I'd anticipate sometime next year, we'll be complete.”