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Economic Development
Penn-Northwest Helps Lead Rebound of Mercer County
Tuesday, November 18, 2014HERMITAGE, Pa. -- Mercer County has turned the corner and is rebounding economically, in no small measure, because of efforts led by Penn-Northwest Development Corp. to attract and keep businesses.
This is reflected in the recognition Monday that Penn-Northwest accorded the five companies with New-Industry Economic Impact Awards and nine local companies presented Economic Impact Awards.
Cleveland Fed Disputes Conventional Wisdom
Monday, November 17, 2014CLEVELAND -- The conventional wisdom, buttressed by economic studies, holds that unemployment insurance deters those laid off from trying to find other work.
Moreover, it’s believed that extending such benefits – to as long as 99 weeks – not only sustains the rate of unemployment, keeping it higher longer, but puts upward pressure on wages while creating fewer jobs.
Ohio Business Filings Up in October, Year-to-Date
Monday, November 17, 2014COLUMBUS, Ohio -- A total of 8,300 new entities filed to do business in Ohio in October compared to 8,052 ib October 2013, reports the office of Secretary of State Jon Husted.
From Jan. 1 through Oct. 31 the ofice the accepted with 79,968 new-business filings, an increase from 76,614 for the same time period last year.
Region's Reps Differ on Keystone Pipeline Vote
Friday, November 14, 2014YOUNGSTOWN, Ohio -- Today’s vote in the U.S. House of Representatives on the Keystone XL Pipeline (H.R. 5682) once again divided the region’s representatives along party lines, with the two area Republicans favoring the project and the sole Democrat opposing it.
YBI Targets Individuals in Phase 2 of Fundraising
Friday, November 14, 2014YOUNGSTOWN, Ohio -- The Youngstown Business Incubator, having raised nearly four-fifths of its $2.5 million campaign goal, is targeting individuals, including local residents, to raise the balance.