Welcome to the Business Journal Archives
Search for articles below, or continue to the all new BusinessJournalDaily.com now.
Search
Economic Development
Exterran Awaits Tax Credits, Plant Ground Breaking
Monday, February 27, 2012YOUNGSTOWN, Ohio -- The Ohio Tax Credit Authority is expected to approve today job-creation tax credits for Exterran Energy Solutions LP, one day before the Houston company plans to break ground for a $13.2 million plant here.
The company plans to build a 65,000-square-foot manufacturing facility on a 20-acre parcel at the Salt Springs Road Industrial Park that previously had been set aside for Exal Corp. to build an additional plant.
Manufacturing Job Loss Is Not Inevitable
Monday, February 27, 2012
By Howard Wial, The Brookings Institution
WASHINGTON -- Despite small gains during the last two years, the trend in U.S. manufacturing jobs for the last 30 years has been downward, leading some to argue that long-term manufacturing job loss is inevitable. But our research [the Metropolitan Policy Program at The Brookings Institution] shows otherwise.
Ohio Tourism's Marketing Campaign Brings Results
Friday, February 24, 2012
COLUMBUS, Ohio -- The Ohio Department of Development's Office of Tourism's 2011 "Too Much Fun for Just One Day" advertising campaign resulted in a $14 to $1 return on investment for Ohio. This translates to a return of $14 in state and local taxes for every $1 invested in tourism marketing, officials say.
The return on investment reflects a continued pattern of success for Ohio tourism campaigns, including an ROI of $13 to $1 in 2010 and 2009 and a $12 to $1 return in 2008, according to an announcement from the tourism office.
January Home Sales Up Year-to-Year
Thursday, February 23, 2012
YOUNGSTOWN, Ohio – Area home sales in January were up nearly 25% from where they were a year earlier, newly released figures from the Mahoning Columbiana Association of Realtors show.
Slightly more than half of that year-over-year gain of 52 units came from Mahoning County, where 27 more homes were sold in January than a year earlier.
Old Steel Sites Set for Environmental Grants
Wednesday, February 22, 2012
YOUNGSTOWN, Ohio – The State Controlling board will consider nearly $600,000 for environmental assessments of two Mahoning Valley sites when it meets next week.
The two grants, if awarded from the Clean Ohio Assistance Fund, would be used to perform Phase II environmental assessments on the property of the former Youngstown Sheet & Tube seamless tube mill in Youngstown and the site of a former U.S. Steel Corp. mill in the village of McDonald. The board is considering grants of $291,649 for the McDonald site and $299,085 for the Youngstown site.