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Business Economists More Optimistic about Growth
Monday, June 09, 2014WASHINGTON -- The National Association for Business Economics is more optimistic about the growth of the economy the remainder of 2014 than it was in March. The association foresees 3.1% growth next quarter and 3.2% growth the last quarter.
In the latest NABE outlook, released today, 47 professional economists “expect stronger economic growth for the balance of this year than they did three months ago,” said Jack Kleinheinz, president of the association and chief economist of the National Retail Federation.
The survey was conducted between May 8 and 21.
VXI Wants More Time to Consider 20 Federal Place
Monday, June 09, 2014YOUNGSTOWN, Ohio -- No one bid on 20 Federal Place despite the city soliciting offers for the former six-story department store converted to offices. The city had set a minimum $2 million bid for the building. It acquired the property -- once Strouss’ department store redeveloped as the headquarters for the defunct Phar-Mor Inc. -- in 2005.
Allison Vross Named Sales Director at Simon Roofing
Monday, June 09, 2014YOUNGSTOWN, Ohio -- Simon Roofing has named Allison Vross director of sales of its surfaces division.
She is a member of the fourth generation of the family who own Simon Roofing, founded in 1900. Simon Surfaces has 64 service centers in all major metropolitan areas of the United States.
In her position, Vross is responsible for sales growth and development by promoting Simon Surfaces’ product lines: concrete repair, rebuilding gas islands, waterproofing and resurfacing concrete floors.
Boomers Gain Workforce Share; Millennial Employment Lags
Monday, June 09, 2014CHICAGO -- The recovery of jobs lost during the Great Recession has put two large sections of the labor force in the spotlight: workers at the end of their careers and young adults just starting out, says the CEO of CareerBuilder, Matt Ferguson.
It is a pattern visible in the Youngstown-Warren-Boardman area too.
Pipe from Korea Brings Brown to Wheatland Tube
Saturday, June 07, 2014WARREN, Ohio – Over the last two years, Wheatland Tube has invested more than $21 million into its plant here to capitalize on the growing demand for oil country tubular goods, or OCTG, pipe in the Marcellus and Utica shale plays.
But despite a skilled and efficient workforce, a highly automated production operation, and a healthy oil and gas market, companies such as Wheatland are finding it difficult to do business in the face of what they claim are high level of imported OCTG pipe from South Korea.
UA’s Polymer Center ‘Flexes’ the Future
Friday, June 06, 2014AKRON, Ohio -- The year is 2020 and it’s the holiday season. For Christmas, you give your grandmother a special sweater to wear around the house. You really don’t want her living by herself but she insists she can.
A few weeks later you get a signal on your smartphone that she’s fallen on the floor and her vital signs are weak. The source of the signal? Her sweater, of course. You call 9-1-1 and then fold up your phone (Yes, fold it up) stick it in your pocket and head to the hospital.
TEDxYoungstown Sets Jan. 23, Seeks Speakers
Friday, June 06, 2014YOUNGSTOWN, Ohio -- Open auditions will take place June 17 for the second TEDxYoungstown event, which will take place Jan. 23 at Bliss Hall’s Ford Theater on the Youngstown State University campus.
The inaugural TEDxYoungstown was held Jan. 23 of this year and featured 18 speakers including Jeff Hoffman, former CEO of Priceline.com.
“The feedback received from the first year event was outstanding. Most attendees could not say enough good things about the event and the speakers,” said Bob McGovern, a member of the TEDxYoungstown team and an employee with FirstEnergy.
SalesKatz, DNV Energy Get Last Initiative Grants
Friday, June 06, 2014YOUNGSTOWN, Ohio -- The Youngstown Initiative Program is a victim of its own success.
Although the city is still encouraging companies to apply to the much-lauded economic development program, it reached the limit of the funding allocated for the fiscal year with the two applications approved Thursday, David Bozanich, city finance director, told members of the committee that oversees the program.
Shell Applies for Air Permit, Signs Contracts for Cracker
Friday, June 06, 2014YOUNGSTOWN, Ohio --– The prospects of Royal Dutch Shell constructing a multibillion-dollar ethane cracker plant just 40 miles from here in Beaver County, Pa., appear brighter after an executive at Shell Chemicals announced the producer has signed third-party contracts related to the project.